Marketing 4.0-Style Meets Substance (GROUP-5)
Marketing 4.0-Style Meets Substance (GROUP-5)
Marketing 4.0-Style Meets Substance (GROUP-5)
0-Style
meets substance
SUBMITTED BY:
GROUP NO. - 05
Introduction to Marketing 4.0
The first Web application (Web 1.0) is called “replicative Web”, whose basic principle is to
provide products and services of offline businesses.
One of the best examples of the production concept is Henry Ford’s Model T.
It is based on social networking sites where consumer is the focal point of a company.
It refers to new generation of marketing ideas emerging from the Internet era. The
expression became popular in 2005 along with idea of Web 2.0.
Philip Kotler explains in an interview, “Some companies decide to learn more about to
whom they are selling, set out to fabricate and sell quality goods, to understand their
clients through study of large databases and to offer them a differential service”.
Marketing 3.0
Collaborative, Cultural, and Spiritual
Collaborative : With advancement of technology, users of social media can produce and
distribute news. It also enables the gathering of insights and collaboration between
customers and enterprises. Products and services can be changed to meet the needs and
requirements of clients. The key is to have a thorough understanding of what customers
want from a brand.
Marketing 3.0
Collaborative, Cultural, and Spiritual
Cultural : Understanding the profile of local consumers can be a crucial marketing tactic in a
world dominated by giant, international corporations. Consumers are increasingly
segmented into groups and specializations despite globalization. How businesses employ
marketing tactics may be determined by regional culture or a particular group. One of the
primary determining elements for firms in the new world of advertising is audience
segmentation and the ability to recognize distinct cultural patterns. Some businesses have
collaborated with online influencers to market their goods and link them to a specific
cultural niche. They have some authority within that group, so they may place the brand
there.
Marketing 3.0
Collaborative, Cultural, and Spiritual
Spiritual : Nowadays, more and more people are seeking out positive experiences and
ideals in all spheres. Beyond the typical physical effects of the product, businesses should
strive for improvement. To make consumers feel like they are a part of something bigger
when they use the product, there must be a lifestyle and attitude. Many businesses
produce goods that do not harm the environment or serve social causes. That
demonstrates concern for matters other than money. In other words, it genuinely wants
to create a better world.
Evolution of Marketing
Concept
1950's (Post-War) - Marketing focused on product life-cycle. Things like brand image,
market segmentation, and marketing audits were the tools of choice within companies.
1960's (Growing) - Marketing began to mature and developed things like the Four P's of
Marketing (price, product, promotion, place). This helped companies target consumers
more effectively, but most were still marketing lifestyles and features of the brand.
1970's (Disruptive) -- Marketing organizations started getting smarted. Instead of
mass-marketing, many began to use targeting and positioning techniques. This was
good because brands began to be more strategic and leverage the social aspects of
marketing.
Evolution of Marketing
Concept
1980's (Big Marketing) - With the boom of the Reagan years came large-scale and global
marketing campaigns. Direct marketing techniques grew exponentially and customer
relationship marketing became a focus for many brands.
1990's (Targeted) - With the explosion of the internet, many brands began for the first time
to use 1-to-1 marketing campaigns. E-commerce allows companies to market on an
emotional and experiential level because consumers were able to be segmented more
effectively.
2000's (ROI) - As marketing and technology became more commonplace within
organizations, brands began asking about the return on investment (ROI). Things like brand
equity, customer equity, social media, and social responsibility became more commonplace.
We also started to see tribalism make an entry and customers were segmented.
Brand Identity
Shift to Positioning in the minds of the consumers.
Unique, heard, and noticed in cluttered marketplace.
Human Spirit: Relevant to rational needs and wants of consumers.
The 3i Model
Brand Image
Acquiring consumer’s mind-share.
Appeal consumer’s emotional needs and wants.
Brand Integrity
Credible to your promise.
Establishing the trust of the consumers.
Targeting spirit of the consumer.
Shift to
Human Spirit:
The 3i Model
Values-Based Matrix Model
Shift to value
driven
marketing
1. Treat your customers with love and your competitors
with respect.
10
2. Be ready for transformation and change.
Commandments 3. Make your values clear and support them.
of Marketing 4. Focus on the segment that can give you the greatest
3.0 benefits.
5. Price fairly to convey your quality.
6. Help potential customers to connect with your company
In Marketing 3.0: From and its products.
Products to Customers to the
7. Look upon your customers as customers for life.
Human Spirit, Philip Kotler
writes ten rules in the new 8. View each business as a service. Because each product is
marketing. tied to a service.
9. Improve your business process every day.
10. Consider various aspects and information—not just
finance related—before making a decision.
How does Marketing 1.0, 2.0, 3.0, and
4.0 differ from each other ?
From Exclusive to Inclusive
Power Shifts
The world is moving from a hegemony multilateral
to the power structure.
Connected
Customers This shift is caused due to
Demographic
emergent
technology
transparency
social elements
From Vertical to Horizontal
The competitiveness of companies will no longer be
determined by their size, country of origin, or past
advantage.
digital
Moving from 4 P’s( Product , Price, Place and
economy promotion) to commercializing 4 C’s( co-
creation, currency, communal activation,
and conversation)
Integrating Digital and
traditional markrting
New Customer path
1. It shows how customer moves from no
Industry awareness of product or service to high
Archetypes awareness , interest, purchase, repurchase,
and even word of mouth.
Digital Marketers need to adapt this new reality and create brands
that is human- approachable and likeable but also
Economy vulnerable
Brands should become less intimidating when brands want
to influence customers without overpowering them
Human Centric Marketing must posses following attributes:
1. Physicality
2. Intellectuality
3. Sociability
4. Emotionality
5. Personality
6. Morality
Content Marketing
It is new way of promoting product in marketing 4.0. In this
marketers tell interesting stories about their products.
Content marketing shifts the role of marketing from brand
promotion to storytelling.
4. Content Creation:
Who creates content and when?
Content creation: Inhouse or outsourcing
Content Production schedule
5. Content Distribution:
Where you want to distribute the content
assets?
Owned Channel
Paid Channel
Earned Chennel
6. Content Amplification:-
How do you plan to leverage content assets
and interact with customers?
Creating buzz around the content
Employing influencers
7. Content Marketing Evalution:-
How successful was your content marketing
campaign?
Content marketing matrices
Overall objective achievement
8. Content Marketing Improvement:-
How do you improve existing content
marketing?
Content Improvement and theme change
Content distribution and amplification
improvement
THANK YOU!