Marketspace Matrix Components

Awareness

·         Product

o    Packaging

·         Price

o    Click-through promotions

o    Web referral promotions

o    Bricks-and-clicks promotion

o    Web price discounts

o    Bundle

o    Frenzy pricing

o    Prestige

o    Price as a  sign of quality

o    Hi-lo

o    Dynamic pricing (as a novel approach — group buying, C2C)

o    EDLP

·         Communication

o    Television

o    Magazines

o    Radio

o    Yellow pages

o    Telemarketing

o    Billboards / outdoor advertising

o    Online billboards (banners / buttons)

o    Search engines

o    E-mail

o    Viral marketing

·         Community

o    Outline community benefits clearly and early on in the process

o    Anticipate and readily answer questions and concerns, quickly establishing a sense of trust

o    Establish a call for action and further exploration

·         Distribution

o    Number of intermediaries

o    Number of channels

 

 

Exploration / Expansion

·         Product

o    Attributes and features

o    Fulfillment

o    Individualization

o    Breadth of inventory

o    Upgrades

o    Functionality

o    Availability of complements

·         Price

o    Targeted promotions

o    Future price promotions

o    Justify prices

o    Loyalty programs

·         Communication

o    Television

o    Radio

o    Newspapers

o    Packaging

o    Loyalty programs

o    Customer service

o    Loyalty programs

o    Customer service

o    Interactive online billboards leading to website

o    Links from search lead to website

o    E-mail with information and link to website

o    Viral marketing leading to website and / or download

o    Website

o    Serial Marketing

·         Community

o    Makes community exploration easy through efficient site structure

o    Show everyone individual attention (e.g., welcoming e-mails, guides for Novices, chat conversations for new members, use of CRM marketing to tailor site functionality)

o    Begin the process of equity creation (e.g., member points and loyalty programs)

·         Distribution

o    Degree of integration

o    Number of channels

 

 

Commitment

·         Product

o    Customer-specific attributes and features

o    Post-sales support

o    Incremental allocated benefits

o    Experience

o    Customer enabling community

o    Customer relationship management

o    Customer care

·         Price

o    Tiered loyalty programs

o    Wide variety of pricing plans

o    Become evangelists (affiliate)

o    Profit-enhancing programs

o    Volume discount promotions

o    Targeted promotions

o    Future price promotions

o    Fairness

o    Subscription

o    EDLP

o    Dynamic pricing (group buying, C2C)

·         Communication

o    Permission marketing with targeted offers

o    Loyalty programs

o    Customer service

o    Loyalty programs

o    Customer service

o    Permission e-mail

o    Personalized pages

·         Community

o    Increase equity building (e.g., through tiered loyalty programs, increased rewards)

o    Recognize individuals’ contribution and participation

o    Develop members (e.g., through leadership opportunities, community roles — guides or watch-persons)

·         Distribution

o    Degree of interest

o    Intermediary type

o    Number of channels

o    Internal function

 

Dissolution

·         Product

o    Customer care

·         Price

o    Discontinue pricing promotions

o    Reconfigure loyalty programs

o    Decrease profit programs

·         Communication

o    Terminate direct marketing

·         Community

o    Spot Departing Friends early and find solutions to prevent dissolution

o    Make the “leaving process” fair and efficient

o    Seeks and listen closely to feedback

o    Allow the option of returning

·         Distribution

o    Elimination of types

o    Reduction of intermediaries

o    Reduce integration

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