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Marketing is the process of planning and executing the pricing,
promotion, and distribution of goods, ideas, and services to
create exchanges that satisfy individual and organizational
goals.
The word market originally meant the place where the exchange
between seller and buyer took place. Today we speak of a market
as either a region where goods are sold and bought or particular
types of buyer , When strategizing specialists in marketing
comment about markets they are usually referring to the
different groups of people and/or organizations. The four major
market groups are 1) consumer, 2) business to business, 3)
institutional, 4) reseller 5)Free ads 6) advertisement
Advertising on the World Wide Web is a recent phenomenon. Prices
of Web-based advertising space are dependent on the "relevance"
of the surrounding web content and the traffic that the website
receives.
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E-mail advertising is another recent phenomenon. Unsolicited
bulk E-mail advertising is known as "spam". A message is spam
only when it is unsolicited and in bulk.
Unpaid advertising (also called word of mouth advertising), can
provide good exposure at minimal cost. Personal recommendations
,spreading buzz, or achieving the feat of equating a brand with
a common noun -- these must provide the stuff of fantasy to the
holder of an advertising budget.
The most common method for measuring the impact of mass web
advertising is the use of the rating point (rp) or the more
accurate target rating point (trp). These two measures refer to
the percentage of the universe of the existing base of audience
members that can be reached by the use of each media outlet in a
particular moment in time. The difference between the two is
that the rating point refers to the percentage to the entire
universe while the target rating point refers to the percentage
to a particular segment or target.
Whereas marketing aims to identify markets that will purchase a
product (business) or support an idea and then facilitate that
purchase, advertising is the paid communication by which
information about the product or idea is transmitted to
potential consumers.
Public service advertising, non-commercial advertising, public
interest advertising, cause marketing, and social marketing are
different terms for (or aspects of) the use of sophisticated
advertising and marketing communications techniques (generally
associated with commercial enterprise) on behalf of
non-commercial, public interest issues and initiatives.
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