Introduction to Marketing
4.3 (4 ratings)
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Introduction to Marketing

An effective and easy step-by-step way to understand the basic concepts and principles of Marketing.
4.3 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
12 students enrolled
Last updated 1/2017
English
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Current price: $10 Original price: $25 Discount: 60% off
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Includes:
  • 1 hour on-demand video
  • 4 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the basic concepts of Marketing, and apply them to a practical business scenario
View Curriculum
Requirements
  • There is no prior knowledge required for this course
Description

Introduction to Marketing is for people who have little or no knowledge of marketing. You may be a student having a little difficulty understanding the subject; you may be planning your own business, and need to get a head-start in the basics of marketing; or you may already be in business and want a few tips on how to improve your marketing.

Whatever the case, this course has been designed to take any mystery out of the subject and make it easy for anyone to follow and understand the basic concepts and principles.

In this course, we take away the "padding" and focus on the key points that you need to know. With this information, you will definitely have a good working knowledge of the basics of marketing and be able to put them into practice in a business scenario.

Who is the target audience?
  • Anyone who has an interest in learning the basic concepts and principles of Marketing
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Curriculum For This Course
19 Lectures
01:14:08
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Introduction
3 Lectures 12:30

We start with an introduction to the basic concepts of marketing

Preview 04:43

Every business needs goals. The type of goals will depend on the type of business, but here we examine some of the more common ones.

Preview 03:38

People are individuals, and we all have individual needs and motives. This is something that all good marketers recognise and build into their marketing programs. 

Preview 04:09
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The Marketing Mix
6 Lectures 23:52

The Marketing Mix is at the heart of all marketing activities. It is essential to understand how elements such as Product, Price, Place and Promotion all interact and work together to enable successful businesses achieve their goals

The Marketing Mix
02:48

Product is the first element in the marketing mix. Here we examine the various characteristics of products and introduce the concept of the Product Life Cycle

The Marketing Mix - Product
06:15

Price is a value....the amount that a seller charges for a product and the amount that a buyer is willing to pay. Setting prices is like a balancing act....charge too low and it will affect your profits; charge too high and you may drive your customers away. In this lecture, we look at several methods used to set prices.

The Marketing Mix - Price
03:36

Another word for Place, is Distribution. This part of the marketing mix relates to making your product accessible and easy for consumers to buy.

The Marketing Mix - Place
02:19

This is the forth element in the marketing mix. Even if Product, Price & Place are all good, your must reach out to your potential customers, and give them reasons why they should buy your product rather than others. In this lecture, we look at the various methods available to companies to promote their brand and products.

The Marketing Mix - Promotion
06:31

There are three more "Ps" that are often included in the Marketing Mix these days...People, Physical and Process. Together with the foregoing elements, that makes a total of 7 Ps. We look briefly at these three additional Ps in the lecture.

The Marketing Mix - 3 More P's
02:23
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Marketing Planning
7 Lectures 25:15

Marketing Research is possibly the most important activity in Marketing. Successful businesses know exactly who their customers are, what they want, how to service their needs, who are the main competitors, what are they doing, etc, etc. Businesses that are not in tune with the market, are the first to fail.

Marketing Research
04:25

Market Segmentation is about dividing consumers into groups (which we call segments). The purpose of this is to focus more easily and in a cost effective way, on those consumers most likely to be your potential customers. There are several ways to segment a market, and we examine them in this lecture.

Market Segmentation
03:10

One part of marketing planning is to look inwards to the business to identify strengths or weaknesses compared to competitive products. From these will come new marketing opportunities to make inroads and build market share. 

Internal Assessment
03:23

Looking outwards to identify any external forces that may have an impact on the business is also an extremely important activity. The acronym PEST stands for Political, Economic, Socio-cultural, and Technological. Here we look at how changes in any of these areas (eg, a downturn in the economy) may need to be factored in when planning ahead.

External Assessment
03:39

Every business needs objectives to aim for. Without them, a business can lose its way. Objectives are the specific aims of the business, eg, getting from A to B. Strategies tell you how to get there....the various actions that will help you achieve those objectives.

Setting Objectives and Strategies
03:04

The Marketing Budget is a forecast of expected expenses to be incurred for the various marketing activities of he business. It forms part of the overall Marketing Plan, and is prepared for a year ahead and broken down monthly so that actual results can be compared with forecasts.

The Marketing Budget
03:51

In this lecture, we bring together the different marketing activities, that together form the overall Marketing Plan.

The Marketing Plan
03:43
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Marketing in the Digital Age
2 Lectures 07:40

In this day and age, IT comes into most areas of business, including Marketing. Digital Marketing has changed the way marketing is conducted, particularly in such areas as video-conferencing, instant email quotes, confirmation of orders, and many other ways.

Digital Marketing
03:57

The world is "one big market-place" thanks to advances in IT and ease of international travel, There are things to watch out for when dealing with multi-cultural markets, and here we look at some of the important ones.

Globalisation
03:43
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Conclusion & Recap
1 Lecture 04:51

As the title suggests, this is a recap of the main points covered in each lecture.

Recap of Key Points
04:51
About the Instructor
Mr Lawrence Milston
4.3 Average rating
4 Reviews
12 Students
1 Course
Business Training Consultant

- Over 35 years in Hospitality Management in various locations around the world

- Senior roles in Marketing and General Management with companies such as InterContinental Hotels, Radisson, Accor, Wyndham

- Certified Hotel Administrator (CHA) 

- 8 years lecturing in Management and Marketing subjects at business colleges in London and Australia 

- Extensive experience in marketing, repositioning, relaunching, and generally promoting hospitality products in local and international, multi-cultural environments. Proven track records of success in achieving market share growth and revenue targets in many overseas locations.