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Industry : Management & Strategy Consulting Functional Area : Marketing
Activity:  9 comments  265 views  last activity : 07 06 2010 20:18:04 +0000
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The Five E’s Of Marketing

 

Get better at forecasting the variables of a changing marketplace, connect with your customer – today’s consumer – to understand where that customer is going and why, deconstruct some marketing myths of the past and replace them with solid new branding and sales paradigms that focus on the five E’s of marketing.

 

  1. The first E is Educate, and it’s all about communicating to everyone who needs to know about your product, your brand, or your service. Thus, it’s what you have to do for the consumer, for your distributors, and for your product team internally.

  2. The second E is Explore, which is what you have to do to learn who your customers are, why they buy what they buy, why they want what they want, and how you can tap into that behavior and prosper while doing it.

  3. The third E is Elevate, and that is what most consumers want to do to their lifestyle and what your product can probably can help them accomplish, if only they knew about it.

  4.  The fourth E is Entertain, and that’s what helps consumers enjoy learning about your product, shopping in your store, or using your service department.

  5. The final E is Evaluate, and that’s what you have to do on an ongoing basis: evaluate how you are doing with the four other E’s and then act on what you find.

 

Consumers today are more interested in brands from companies that understand their complex lifestyles. It is not enough to market your brand to a specifically targeted consumer. The interests and needs of consumers, along with their distractions, have grown at huge rates, and your brand must measure up to all these elements to succeed.

 

 Top Comment : Alka Thakur   | 08 09 2009 18:29:18 +0000
Wonderful insight Viktor. This also goes so well with the e-commerce industry where it is really so difficult to maintain your identity and build your brand.
 
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9 comments on "The Five E’s Of Marketing"
  Commented by  Nagpal Singh, Sales and Business Development, Babel Group of companies    | 08 18 2009 16:02:51 +0000
wonderful
  Commented by  varsha, technical manager(QMS)    | 08 17 2009 16:51:45 +0000
its nice insight.. thanks
  Commented by  SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A    | 08 16 2009 08:50:16 +0000
Rating : -1 
A good additio of p rather leading all e's with ,without which an industry can'
get success.
  Commented by  Makrand Bhave, XYZ    | 08 16 2009 05:21:29 +0000
Rating : +1 
If you start pairing the E's with one P of marketing.... what do you get??? a PEE.... e.g Place - Educate - Elevate... 

I think the insight more than teaches you the basic parameters taht need to be looked into while you set on a goal to MARKET a concept!! These things are so useful!! Thanks for a brilliant insight Viktor!!
:))
  Commented by  Viktor Stephen, COO, Business Mashups LLC    | 08 16 2009 04:11:36 +0000
You may read the complete article at http://www.rohitkuttappan.com/blog/?p=5
thanks its really useful for me thanks victor
  Commented by  taranath joshi, DGM Operations, EOL,    | 08 10 2009 01:06:07 +0000
Rating : +1 
Thanks victor, good insight regarding Customer Focussed approach of marketting.
  Commented by  Devi Kaladeen, Audit Manager, Health Sector Development Unit    | 08 10 2009 01:00:23 +0000
Rating : +2 
Very informative insight. Thanks for sharing.
Rating : +3 
Wonderful insight Viktor. This also goes so well with the e-commerce industry where it is really so difficult to maintain your identity and build your brand.
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