Marketing Basics for Fundraising Professionals PRESENTED BY LISA PARKER MARKETING & MANAGEMENT CONSULTANT TO THE NON-PROFIT COMMUNITY OCTOBER 20, 2010 Association of Fundraising Professionals Agenda Introductions What is marketing? Definition PR Branding The Marketing Plan Goals 4 P’s Cutting through the clutter Marketing Defined The process of planning and executing programs designed to create, build, and maintain beneficial exchange relationships with target audiences for the purposes of satisfying individual and organizational objectives. - Philip Kotler, Strategic Marketing for NonProfit Organizations Customer-Centered Approach Marketing starts with customer perceptions, needs, and wants. Highest volume of exchange will always be generated if the way the organization’s offering is described, priced, packaged, and delivered is fully responsive to where the customer is coming from. - Kotler Public Relations Defined Process of maintaining and enhancing the reputation of the organization among key publics. - Kotler Public Relations vs. Marketing Influence attitudes Primarily a communications tool Dependent on others to deliver message Influence behavior Encompasses needs assessment, product development, pricing, distribution Message controlled by marketer Branding Brand: A name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers. Brand Identity: How you want the consumer to perceive your product or your brand. Brand Image: The perception of your product or your brand by the consumer Branding attempts to bridge brand image and brand identity - www.marketing.about.com Branding con’t Branding is NOT marketing. Despite what many believe, brand is NOT about your logo, tagline and glossy brochure. A strong brand integrates multiple components, all of them necessary, including customer interactions, employee communications, corporate philosophy and advertising/marketing efforts. Ultimate Marketing Objective GENERATE REVENUE AND CUSTOMERS ($ AND PEOPLE) Anatomy of a Marketing Plan Analysis Strategy Goals Target markets Budget Marketing Mix 4 P’s Action Plan/Implementation Evaluation Strategy Define Goals and Objectives Specific and Measurable Right Goals Advertising reach & It it NOT about: Name recognition Good will Press clippings frequency Publicity exposures Direct marketing response Customer satisfaction Attitude, awareness Marketing efficiencies/effectiveness Revenue & sales Service or product usage It IS about: People Money Lifetime Value Marketing Mix 4 P’s Product Price Customer cost Place Customer value Customer convenience Promotion Communication Marketing Mix: Product A proposal by a marketer to make available to a target customer a desirable set of positive consequences if, and only if, the customer undertakes a desired action. - Kotler Marketers influence as well as create Often underutilized by marketers Marketing Mix: Price What the customer “pays” to get the offering Monetary Psychological Time, hassle, step out of comfort zone Doesn’t have to be the same for everybody Two basic camps Those who buy on price Those who would probably pay more than you are asking Marketing Mix: Price con’t Powerful marketing tool Low prices and discount offers can motivate behavior Maintaining a low entry price helps make organizations more accessible Powerful revenue-generating tool People will pay high prices for something they want…or something they think they can’t get Challenge: minimize cost to customer but maximize revenues to organization Marketing Mix: Place Channels of distribution A channel is a conduit for bringing together a marketer and a target customer at some place and time for the purpose of facilitating a transaction. - Kotler Generally, more opportunities to buy = more sales Hours, locations, in person, phone, online Marketing Mix: Promotion Communications vehicles Personal Direct sales Telemarketing Social networking Impersonal Advertising Publicity Paid newspaper, radio, TV, outdoor, online Free; generally results of PR efforts Direct response marketing Direct mail, email, other electronic/online vehicles Marketing Mix: Promotion Return on Investment - $ Biggest bang for your buck Based on solid analytics Ability to track Return on Investment – Time Staff Volunteer Advanced planning Marketing Mix: Promotion Cutting Through the Clutter Know your audience Understand your “product” Understand what motivates the prospect Understand how creative works Design Awards = Results Role of Creative Grab attention Quickly explain the offer Make it easy to respond Review Marketing is about influencing behavior for mutual benefit of the customer and the organization Questions? CONTACT: LISA PARKER 479-466-1906 LISA3PARKER@GMAIL.COM