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9P’s of Marketing

Marketing Mix is a planned mix of the controllable elements of
a product's marketing plan. Traditionally, elements of the
marketing mix are often referred to as 4Ps: Product, Price,
Promotion and Place; which was proposed by E. Jerome
McCarthy in 1960. Although Nickels and Jolson suggested the
inclusion of Packaging as the 5th P in the 1970s, but it was not
well accepted. In the meantime, three Ps have also been added
to the marketing mix namely People, Process and Physical
Evidence; which serve mainly the service industry and are
widely recognized.

Nickels and Jolson's idea to include Packaging as one of the Ps
has been examined through the years, now many marketers
believe Packaging should be the 8th P in marketing mix. In
2008, Bryan K. Law of Fox College of Business suggested
Payment should also be included; as ease and security of
transaction plays a crucial role in marketing, especially in this
cyber age. It makes a total of 9 elements in marketing; which
are the 9Ps.

We advocate the idea of using all 9Ps in practicing marketing
and using them to help businesses marketing their products. In
the future, we will establish a platform where vendors can sell
their products and services using the 9Ps and consumers can also
participate in the marketing program. Stay tuned!
There are many marketing jobs that require marketing skills -
marketing plan, marketing proposal, marketing strategy,
marketing research and marketing analysis. Once you are
familiar with the use of marketing mix, you can play well in
those areas too.

Product


In marketing, a product is a tangible object or an intangible one
for sale. Intangible products are service based like the
transportation industry, hotel industry or insurance.


Examples of tangible object are gasoline and pen. To retain its
competitiveness in the market, product differentiation is required
and is one of the strategy to differentiate from its competitors.


For example, a luxury pen made with diamond and 18K gold
can be marketed as a writing instrument; but it can also be
marketed as a piece of jewellery and such positioning may
differentiate it better and more efficiently.


A junk site for dumping used vehicles could be marketed as a
dump site; but a smart consultant changed it into a car dealership
and      sold   it   for   10   times     of   the   original   value.


Price


Price is the amount that a product is
asking in the market. It is determined
by a number of factors including
market share, competition, material
costs,    product    identity   and     the
customer's perceived value of the
product. A business may increase or
decrease the price of product if the
product is in demand or other stores
have the same product.


For the same product, the price may
have different impact. Here is a real
story:


A teenager asked his dad to give him
one thousand dollars to buy a nice
jacket in a department store. The dad
struggled a little bit but handed the
teenager one thousand dollars to buy
the jacket. When the dad asked his
son to show him the jacket the next
day, his son handed back the money
and said: "I didn't buy it."


"Why?" the dad asked.


"When I went to the department store
this morning, I found out that the
jacket was on sale. It is now selling
for $300 only. I don't want to have a
jacket that is sold for that cheap."


Promotion


Promotion is all the communications
that a marketer may use in the
marketplace.     It has four distinct
elements:       advertising,      public
relations, personal selling and sales
promotion.


Not all products will fit in the same
promotion. A designer brand will
never   use    radio   commercial     to
promote their brand image, while a
politician    will   not   use   fashion
magazines to promote their schemes.


Place


Place represents the location where a
product can be purchased or the
channel where the product can go
through to be placed for sale.
Therefore, it is often referred to as the
distribution channel.


Place may include any physical store
as well as virtual stores on the
Internet. However, Place may not be
exactly a physical store where the
product is for sale. Place is where the
product is available or an image of
the product is created in the mind of
customers. Channel may refer to the
media, the network and the way how
your message is delivered.


Here is a famous story to show how
the place may affect marketing:


Two salesmen of a shoe factory were
sent to a small country in Africa to
explore business opportunity. When
they came back, the boss interviewed
them one by one.


The first salesman said: "Don't waste
your time boss. All the people there
do not wear shoes. There is no
market for us."


The second salesman said: "No one
there wear shoes.          We will have
millions of shoes sold and I think we
should hire more people to make our
production line 24/7."


People


All      people        involved        with
consumption       of   a     service    are
important. For example workers,
management, consumers etc.
People is an important factor in
servicing industries - travel agencies,
restaurants and hair salons. No two
persons are the same and no two
persons can provide the exact same
service to customers. It is therefore
important to recruit good people and
maintain their good quality service in
order   to   attract   and   keep   the
customers.


It is common to see:          All our
technicians are certified ... Our
service consultants are all well trained
and licensed ... All our instructors
have over 10 years experience in the
field .. etc etc.      However, such
'guarantee' can only ensure their
people achieve a certain level of
education or experience. There is no
assurance that their service will be
good.


In order to standardize the effect and
to minimize the gap among different
people, Process is introduced.


Process


Process is the procedure, mechanism
and flow of activities to provide
service or to produce a product. The
prevailing ISO standards (such as ISO
9001)       are   designed      to     help
organizations ensure their process can
meet the needs of customers and other
stakeholders in their field.


A    well     organized   and        quality
controlled process may reduce the
impact of People.


Physical Evidence


Physical Evidence is the element that
allows     the   consumers   to   make
judgments on that organisation. It
includes some of the following:


Premises,
Websites,
Paperwork (such as air tickets),
Brochures,
Signage (such as those on aircraft and
vehicles),
Uniforms,
Business                          cards.


Just imagine that if you bought a
ticket of the 2008 Olympic Games via
online; you would love to show your
friends the 'official ticket' and keep it
as a souvenir instead of printing a bar
code from your computer. This is one
of   the     examples     for    Physical
Evidence.


Packaging


Marketing     people     have     always
emphasized      the     importance     of
packaging as it is the way to make a
first impression on the customers;
especially for the products on shelves.
However,      some      people    believe
Packaging should be a part of Product
and some people think it is a part of
Promotion.


Because of the advanced packaging
today, products are now protected
from      contamination,         crushing,
breakage, and spoilage and it helps in
the product to be unaffected from
climatic conditions. Packaging is also
helpful   in    elaborating     necessary
details about the product, company,
quantity, ingredients, precautions and
side effects etc.


In some extreme cases, such as some
fancy Japanese products; the cost of
packing may exceed the cost of the
product itself in order to attract
customers.


Some say the images of singers,
actors    and       actresses   are   also
packaging - they are what they
projected in your mind.          How to
package an artist is the key to make a
star.


Payment


In 2008, Bryan K. Law of Fox
College of Business suggested
Payment should also be included; as
ease and security of transaction plays
a crucial role in marketing, especially
in this cyber age.

Payment is the consideration for the
delivery of goods and services. It is
an ease and security of transaction.


Traditionally the retailers would try to
provide as many options of payment
as possible for the convenience of
their customers and hence attract
more business.     Cash, debit card,
cheque, gift voucher, and different
types of credit card (such as VISA,
Master, American Express, Diners
Club,     JBC   and   Discovery)    are
commonly        accepted     in    most
establishments, especially the big
ones. People do not expect to carry
enough cash to dine in luxury
restaurants or to buy designer brands
in the shopping malls.


Many merchants offer bonus points to
their customers, such as mileage
points offered by airline companies,
club points offered by retail stores
and airtime points offered by mobile
phone companies.         These are all
incentives to the customers, but the
points are also a kind of payment
itself.
In this cyber age, easy and security
payment methods are essential for all
online transactions. Can you imagine
an online store that will accept only
cash or ask its customers to send in
bank draft for buying their products?
Payment is not just a tool in
marketing, it is one of the essences.


Now, many payment methods use
RFID (radio-frequency identification)
technology for faster and more secure
payment      method.      Mastercard's
PayPass, VISA's payWave and the
Octopus cards are a few good
examples.


New Development – Digital Wallet


Cell phone companies have launched
the idea of digital wallet – using your
cell phone make Payment and as a
proof of ID.


The    'smartphone-enabled      wallet'
allows consumers to purchase items
simply by tapping their phone on a
pad at the cash; much like a tap-and-
pay credit card but it can also have
GPS and ID to serve other purpose.

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9 ps of marketing

  • 1. 9P’s of Marketing Marketing Mix is a planned mix of the controllable elements of a product's marketing plan. Traditionally, elements of the marketing mix are often referred to as 4Ps: Product, Price, Promotion and Place; which was proposed by E. Jerome McCarthy in 1960. Although Nickels and Jolson suggested the inclusion of Packaging as the 5th P in the 1970s, but it was not well accepted. In the meantime, three Ps have also been added to the marketing mix namely People, Process and Physical Evidence; which serve mainly the service industry and are widely recognized. Nickels and Jolson's idea to include Packaging as one of the Ps has been examined through the years, now many marketers believe Packaging should be the 8th P in marketing mix. In 2008, Bryan K. Law of Fox College of Business suggested Payment should also be included; as ease and security of transaction plays a crucial role in marketing, especially in this cyber age. It makes a total of 9 elements in marketing; which are the 9Ps. We advocate the idea of using all 9Ps in practicing marketing and using them to help businesses marketing their products. In the future, we will establish a platform where vendors can sell their products and services using the 9Ps and consumers can also participate in the marketing program. Stay tuned!
  • 2. There are many marketing jobs that require marketing skills - marketing plan, marketing proposal, marketing strategy, marketing research and marketing analysis. Once you are familiar with the use of marketing mix, you can play well in those areas too. Product In marketing, a product is a tangible object or an intangible one for sale. Intangible products are service based like the transportation industry, hotel industry or insurance. Examples of tangible object are gasoline and pen. To retain its competitiveness in the market, product differentiation is required and is one of the strategy to differentiate from its competitors. For example, a luxury pen made with diamond and 18K gold can be marketed as a writing instrument; but it can also be marketed as a piece of jewellery and such positioning may differentiate it better and more efficiently. A junk site for dumping used vehicles could be marketed as a dump site; but a smart consultant changed it into a car dealership
  • 3. and sold it for 10 times of the original value. Price Price is the amount that a product is asking in the market. It is determined by a number of factors including market share, competition, material costs, product identity and the customer's perceived value of the product. A business may increase or decrease the price of product if the product is in demand or other stores have the same product. For the same product, the price may have different impact. Here is a real story: A teenager asked his dad to give him
  • 4. one thousand dollars to buy a nice jacket in a department store. The dad struggled a little bit but handed the teenager one thousand dollars to buy the jacket. When the dad asked his son to show him the jacket the next day, his son handed back the money and said: "I didn't buy it." "Why?" the dad asked. "When I went to the department store this morning, I found out that the jacket was on sale. It is now selling for $300 only. I don't want to have a jacket that is sold for that cheap." Promotion Promotion is all the communications
  • 5. that a marketer may use in the marketplace. It has four distinct elements: advertising, public relations, personal selling and sales promotion. Not all products will fit in the same promotion. A designer brand will never use radio commercial to promote their brand image, while a politician will not use fashion magazines to promote their schemes. Place Place represents the location where a product can be purchased or the channel where the product can go through to be placed for sale. Therefore, it is often referred to as the
  • 6. distribution channel. Place may include any physical store as well as virtual stores on the Internet. However, Place may not be exactly a physical store where the product is for sale. Place is where the product is available or an image of the product is created in the mind of customers. Channel may refer to the media, the network and the way how your message is delivered. Here is a famous story to show how the place may affect marketing: Two salesmen of a shoe factory were sent to a small country in Africa to explore business opportunity. When they came back, the boss interviewed
  • 7. them one by one. The first salesman said: "Don't waste your time boss. All the people there do not wear shoes. There is no market for us." The second salesman said: "No one there wear shoes. We will have millions of shoes sold and I think we should hire more people to make our production line 24/7." People All people involved with consumption of a service are important. For example workers, management, consumers etc.
  • 8. People is an important factor in servicing industries - travel agencies, restaurants and hair salons. No two persons are the same and no two persons can provide the exact same service to customers. It is therefore important to recruit good people and maintain their good quality service in order to attract and keep the customers. It is common to see: All our technicians are certified ... Our service consultants are all well trained and licensed ... All our instructors have over 10 years experience in the field .. etc etc. However, such 'guarantee' can only ensure their people achieve a certain level of education or experience. There is no
  • 9. assurance that their service will be good. In order to standardize the effect and to minimize the gap among different people, Process is introduced. Process Process is the procedure, mechanism and flow of activities to provide service or to produce a product. The prevailing ISO standards (such as ISO 9001) are designed to help organizations ensure their process can meet the needs of customers and other stakeholders in their field. A well organized and quality controlled process may reduce the
  • 10. impact of People. Physical Evidence Physical Evidence is the element that allows the consumers to make judgments on that organisation. It includes some of the following: Premises, Websites, Paperwork (such as air tickets), Brochures, Signage (such as those on aircraft and vehicles), Uniforms, Business cards. Just imagine that if you bought a ticket of the 2008 Olympic Games via
  • 11. online; you would love to show your friends the 'official ticket' and keep it as a souvenir instead of printing a bar code from your computer. This is one of the examples for Physical Evidence. Packaging Marketing people have always emphasized the importance of packaging as it is the way to make a first impression on the customers; especially for the products on shelves. However, some people believe Packaging should be a part of Product and some people think it is a part of Promotion. Because of the advanced packaging
  • 12. today, products are now protected from contamination, crushing, breakage, and spoilage and it helps in the product to be unaffected from climatic conditions. Packaging is also helpful in elaborating necessary details about the product, company, quantity, ingredients, precautions and side effects etc. In some extreme cases, such as some fancy Japanese products; the cost of packing may exceed the cost of the product itself in order to attract customers. Some say the images of singers, actors and actresses are also packaging - they are what they projected in your mind. How to
  • 13. package an artist is the key to make a star. Payment In 2008, Bryan K. Law of Fox College of Business suggested Payment should also be included; as ease and security of transaction plays a crucial role in marketing, especially in this cyber age. Payment is the consideration for the delivery of goods and services. It is an ease and security of transaction. Traditionally the retailers would try to provide as many options of payment as possible for the convenience of their customers and hence attract more business. Cash, debit card, cheque, gift voucher, and different
  • 14. types of credit card (such as VISA, Master, American Express, Diners Club, JBC and Discovery) are commonly accepted in most establishments, especially the big ones. People do not expect to carry enough cash to dine in luxury restaurants or to buy designer brands in the shopping malls. Many merchants offer bonus points to their customers, such as mileage points offered by airline companies, club points offered by retail stores and airtime points offered by mobile phone companies. These are all incentives to the customers, but the points are also a kind of payment itself.
  • 15. In this cyber age, easy and security payment methods are essential for all online transactions. Can you imagine an online store that will accept only cash or ask its customers to send in bank draft for buying their products? Payment is not just a tool in marketing, it is one of the essences. Now, many payment methods use RFID (radio-frequency identification) technology for faster and more secure payment method. Mastercard's PayPass, VISA's payWave and the Octopus cards are a few good examples. New Development – Digital Wallet Cell phone companies have launched
  • 16. the idea of digital wallet – using your cell phone make Payment and as a proof of ID. The 'smartphone-enabled wallet' allows consumers to purchase items simply by tapping their phone on a pad at the cash; much like a tap-and- pay credit card but it can also have GPS and ID to serve other purpose.