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What is Marketing?




       © SO! What? SOcial
      www.sowhatsocial.com
What is Marketing? The traditional
textbook answer usually mentions the “4
P’s of Marketing:” Product, Price, Place, &
   Promotion. This is NOT an adequate
     definition. Why? Because of the
              Marketing “M’s”


                  © SO! What? SOcial
                 www.sowhatsocial.com
Market

 Who or what is the ‘right market’? Your market consists
   of your target customers and the factors that cause
 them to change. What are the specific demographics of
this market? These demographics could include age, sex,
 status just to name a few. Your market isn’t “everyone”.
   Best practice to narrow it down to who is the ‘right
 market’ for your company, product or service and your
      marketing will be more effective guaranteed.




                        © SO! What? SOcial
                       www.sowhatsocial.com
Message

   How? — and what — your brand is
   communicating. What is the ‘right
   message’? The message that your
business conveys to your target audience
         is extremely important.


                 © SO! What? SOcial
                www.sowhatsocial.com
Medium
What is the ‘right medium’ to use in order to
   best reach your ideal market with your
message? Each and every industry and niche
is different in one way or another. Knowing
who your ideal customer is a start-point to
 knowing what types of media they google,
   watch, read, listen to, and engage with.


                   © SO! What? SOcial
                  www.sowhatsocial.com
And, in that order. It is a very common error for
 many businesses to start with the wrong ‘M’ –
   often they start with Medium. The 3 M’s of
marketing seems pretty simple and SO why do so
many business owners get it wrong? Best guess is
   because they’ve never been taught like this
before. Chances are they have been taught the 4
marketing P’s and other textbook type definitions
 which neglect to encompass these important 3
                         M’s.


                     © SO! What? SOcial
                    www.sowhatsocial.com
SO! What? A SOcial Media
Company. Engage. Connect. SOcialize
        Located in Vancouver
 More information? Connect with us!
       www.sowhatsocial.com



               © SO! What? SOcial
              www.sowhatsocial.com

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What is Marketing?

  • 1. What is Marketing? © SO! What? SOcial www.sowhatsocial.com
  • 2. What is Marketing? The traditional textbook answer usually mentions the “4 P’s of Marketing:” Product, Price, Place, & Promotion. This is NOT an adequate definition. Why? Because of the Marketing “M’s” © SO! What? SOcial www.sowhatsocial.com
  • 3. Market Who or what is the ‘right market’? Your market consists of your target customers and the factors that cause them to change. What are the specific demographics of this market? These demographics could include age, sex, status just to name a few. Your market isn’t “everyone”. Best practice to narrow it down to who is the ‘right market’ for your company, product or service and your marketing will be more effective guaranteed. © SO! What? SOcial www.sowhatsocial.com
  • 4. Message How? — and what — your brand is communicating. What is the ‘right message’? The message that your business conveys to your target audience is extremely important. © SO! What? SOcial www.sowhatsocial.com
  • 5. Medium What is the ‘right medium’ to use in order to best reach your ideal market with your message? Each and every industry and niche is different in one way or another. Knowing who your ideal customer is a start-point to knowing what types of media they google, watch, read, listen to, and engage with. © SO! What? SOcial www.sowhatsocial.com
  • 6. And, in that order. It is a very common error for many businesses to start with the wrong ‘M’ – often they start with Medium. The 3 M’s of marketing seems pretty simple and SO why do so many business owners get it wrong? Best guess is because they’ve never been taught like this before. Chances are they have been taught the 4 marketing P’s and other textbook type definitions which neglect to encompass these important 3 M’s. © SO! What? SOcial www.sowhatsocial.com
  • 7. SO! What? A SOcial Media Company. Engage. Connect. SOcialize Located in Vancouver More information? Connect with us! www.sowhatsocial.com © SO! What? SOcial www.sowhatsocial.com