Marketing is about making an exchange • Do nonprofits expect people to just come to them? • Why do we need to do marketing? • Does the marketing of what nonprofits have to offer differ from the marketing of for profit “products?” • Pp249-250 and read “What is marketing”? Marketing and Exchange Partners • How does marketing link us to our exchange partners? – – – – – – Donors Governments Media Service collaborators Allies in advocacy Clients pp.250-251 Discuss the Powerful Implications Marketing has For Nonprofits • 1. Crucial management function since success in accomplishing exchanges determines whether nonprofit thrives or dies. • 2. Marketing not optional: it will occur whether effective or not. • Involves much more than promotion. pp. 251 The Marketing Mix • How do we facilitate mutually beneficial exchanges? • What steps do we take to tailor products and services? • What should we consider when we adjust prices? – Nonmonetary & Monetary • How can we shape delivery system to serve end user? pp. 251 The Blend • How do we blend the 4 P’s into “marketing mix”? – – – – Product Price Promotion Place Issues related to this mix pp. 252-276 Priorities and Marketing? Organizations main programs should be marketed on the basis of: • Need it fulfills? • Financial benefits? • Consistency with Mission? • Other considerations? pp. 252-254 A Strategic Planning Grid • Develop examples of high and low program attractiveness. • Develop examples of high and low competitive position. • Develop examples of high and low alternative coverage. How are these related to marketing goals, strategies, and level of risk? pp. 253-254 Marketing Research • How can we determine who might use our product or service? – Segmentation and choosing a target market. – Choosing some segments means not choosing others. – No organization can do it all. – How do we choose segments (clientele) that best fit mission, capabilities, and aspirations. pp. 255-258 and read Marketing Research Total Population Families Families with children TARGET! Families with children in need of child care How would you use the following segmenting variables for marketing? • Psychographs: lifestyles, values, attitudes, opinions,and personalities. • Class, race, ethnicity. • Marital status. • Age distribution. • Cultural considerations. pp. 256-257 Shaping products and services? • The spin: how does this help? • Are we talking bells and whistles? • Compelling incentives? pp. 258-262 Pricing Policies • How do we reduce nonfinancial coasts? • Pricing objectives? – – – – – Do we want to get rich? Do we want a price to entice other action? Do we want price to reflect demand? Do we want price to reflect competition? Do we want price to reflect cost to us? pp. 2262-266 Managing Advertising Programs • Advertising – Flow from marketing strategy – What target audience and what is their “readiness to buy” – Essential message to be conveyed – Style and tone – Evaluating the results pp. 270-272 Marketing marketing to nonprofits Role of marketing in responding effectively to clients’ wants and needs assists by: • Monitoring organizations environment. • Contributing to SWOT analysis. • Participating in portfolio analysis. • Undertaking marketing research. • Suggesting target markets. • Appraising client satisfaction. Pp272-275