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MARKETING OF
INFORMATION SERVICES &
      PRODUCTS




      Presented by,
      Vishnumaya, R.S
     MLISc , 3rd Semester
        Roll No. : 19
INTRODUCTION
• Marketing is an exchange relationship: a process
  providing mutual benefit to both parties in the
  transaction.

• It is an evolving process, one that is influenced
  by definitions, perceptions, environmental &
  cultural conditions & trends.

• In the past, the concept of “selling” defined
  marketing; this has now changed dramatically.
DEFINITION
• Marketing is a ‘social and managerial process by
  which individuals and groups obtain what they
  need and want through creating, offering and
  exchanging products of value with others’.
                         - Philip Kotler
• “Marketing is planning that focuses on
  products, place or mode of delivery, adjustment
  of cost / price to the market, and promotion to
  specifically targeted segments of the special
  librarian’s market”.
                         - Zachert & Williams
• “Marketing is the management process responsible
  for identifying, anticipating & satisfying customer
  requirements efficiently & profitably”.
                          - The UK’s Chartered Institute of
                           Marketing
• “Marketing is a stance & an attitude that focuses
  on meeting the needs of users. Marketing is a
  means of ensuring that libraries, librarians, &
  librarianship are integrated into both today’s &
  tomorrow’s emerging global culture. Marketing is
  not separate from good practice. It is good
  practice”.
                          - Smith
NEED OF MARKETING IN LIBRARIES &
      INFORMATION CENTRES
• Marketing can help managers of LICs in
  achieving their objectives of improving access
  to their clients & reaching financial self-
  sufficiency.

• Marketing means a sufficient change in the
  traditional attitude of librarians towards
  acquisition, organization, processing, storage,
  retrieval & reproduction of information.
• The exorbitant cost of IT on the one hand &
  decreasing library budget on the other hand
  forced libraries to charge some price towards
  their services.

• The concept of marketing is relatively a new
  area to library.

• The basic aim is to create the demand &
  interest among readers to use the library
  resources & services.
• This made a no. of libraries & ICs to establish
  marketing divisions to with view to sell their
  information products & services on price to
  the users in print & electronic media.
• Bushing explains:
   Marketing offers both a theory & a
    process by which libraries can link
    products, results, & roles.

   Marketing can assist libraries in
    determining their future & in identifying
    quality products, services, programs, and
    materials.
A marketing audit & resulting plan can
 contribute to a library’s ability to find a niche
 in the present as well as in the future & to fill
 that niche by an optimal allocation of
 resources.

A marketing orientation can assist libraries in
 defining their role & in guaranteeing their
 future.
Marketing provides a theoretical framework
 within which to address the specific library &
 information science questions facing public,
 school, & academic libraries in both the
 public & private sectors.
Dr.S.R. RANGANATHAN’S CONCEPT OF
   FIVE LAWS OF LIBRARY SCIENCE
• 1st law : ‘Books are for use’ (maximize the
             use of books).

• 2nd law : ‘Every reader his book’ (Reader is
             the prime factor & his / her need
             must be satisfied).

• 3rd law : ‘Every books its reader’ (Find a
              reader for every book).
• 4th law : ‘Save the time of the reader’ (Organize
             information in such a way that the
             reader finds the wanted information
             promptly).
• 5th law : ‘The library is a growing organism’
              (Emphasis is on comprehensive &
              evolutionary growth).
BENEFITS OF LIBRARY MARKETING

A well developed library marketing programme
will bring the following benefits :
Improved satisfaction of the users.
Extension of services to potential users &
there by enlargement of the customer circle.
Efficient of marketing resources.
Improved resource attraction to the
organization.
MARKETING TOOLKIT
Marketing is largely about shifting from a
product and service orientation (the offering)
to a customer and need orientation (the
benefit).
• The key concepts in marketing are:
         »SWOT analysis
         »Market research (Market
           profiling)
         »Segmentation
         »Positioning
         »Product life cycle
         »The marketing mix
SWOT Analysis
SWOT analysis is essentially a marketing
 planning tool, but it is the most widely used
 tool in strategic planning.

It involves identifying the organization’s
 Strengths and Weaknesses in relation to the
 market place and the Opportunities and
 Threats presented by anticipated
 environmental trends.
Market research
• Marketing research is a “systematic,
  gathering, recording & analysis of data about
  the problems related to the marketing of
  goods & services”.

        –American Marketing Association
• Market profiling is an important activity in
  marketing research, which is done to obtain
  marketing information.
• It should consider:
        – User affordability
        – Extent of use
        – Relevance of the service to users
        – Repeat customers
        – User preferences
        – Staffing
Market segmentation
• Dividing the large heterogeneous market into
  smaller submarkets (segments) of
  homogeneous nature.

• Involves the identification of the users (target
  groups) & their needs assessment.
• Common bases for segmentation are:
         »Geographic

         »Demographic

         »Psychographic

         »Behavioural
Positioning
• Positioning is normally considered at the end
  of the segmentation process.

• This involves deciding where to place the
  product or service in terms of dimensions
  such as grade/level and price and value.
Product life cycle
• Similar to biological life cycle.
• It assumes 4 stages:
         –Introduction
         –Growth
         –Maturity & Saturation
         –Decline
Marketing mix
• A typical marketing mix constitutes 4 Ps:
           Product – whatever the user needs
           Price – price of the product
           Place – physical distribution
           Promotion - publicity
THE FOUR Ps
Marketing mix - additions
• Valerie Zeithaml and Mary Jo Bimer list 7Ps,
  add another three dimensions.
1) People – stakeholders
2) Physical evidence – environment,
     ambience, tidiness, furniture, fittings
3) Process – flow of activities, simplicity,
     flexibility, decentralization
CONCLUSION
• More basic reason for studying marketing is
  that marketing is vital for economic growth &
  development for bright future.
• Marketing stimulates research & innovation
  resulting in new products, which if found
  attractive by customers, can always lead to
  fuller employment, increased income & a
  higher standard of living.
REFERENCES
• Weingand, Darlene. E. (1999). Marketing/
  planning library & information services. (2nd
  ed.). Englewood: Libraries Unlimited, Inc.

• Jain, Abhinandan. K. (1999). Marketing
  information products & services:
  A primer for librarians and information
  professionals. New Delhi: Tata Mcgraw- Hill
  Publishing Company Ltd.
• Kotler, Philip. (2003).Marketing management.
  Singapore: Pearson Education Inc.

• Chandraiah, I. (2009). Introduction to
  marketing of library & information services.
  New Delhi: Manglam Publications.

• Seetharama, S. (1990). Guidelines for
  planning of libraries and information centres.
  Calcutta: IASLIC.
Marketing of Information Services & Products

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Marketing of Information Services & Products

  • 1. MARKETING OF INFORMATION SERVICES & PRODUCTS Presented by, Vishnumaya, R.S MLISc , 3rd Semester Roll No. : 19
  • 2. INTRODUCTION • Marketing is an exchange relationship: a process providing mutual benefit to both parties in the transaction. • It is an evolving process, one that is influenced by definitions, perceptions, environmental & cultural conditions & trends. • In the past, the concept of “selling” defined marketing; this has now changed dramatically.
  • 3. DEFINITION • Marketing is a ‘social and managerial process by which individuals and groups obtain what they need and want through creating, offering and exchanging products of value with others’. - Philip Kotler • “Marketing is planning that focuses on products, place or mode of delivery, adjustment of cost / price to the market, and promotion to specifically targeted segments of the special librarian’s market”. - Zachert & Williams
  • 4. • “Marketing is the management process responsible for identifying, anticipating & satisfying customer requirements efficiently & profitably”. - The UK’s Chartered Institute of Marketing • “Marketing is a stance & an attitude that focuses on meeting the needs of users. Marketing is a means of ensuring that libraries, librarians, & librarianship are integrated into both today’s & tomorrow’s emerging global culture. Marketing is not separate from good practice. It is good practice”. - Smith
  • 5. NEED OF MARKETING IN LIBRARIES & INFORMATION CENTRES • Marketing can help managers of LICs in achieving their objectives of improving access to their clients & reaching financial self- sufficiency. • Marketing means a sufficient change in the traditional attitude of librarians towards acquisition, organization, processing, storage, retrieval & reproduction of information.
  • 6. • The exorbitant cost of IT on the one hand & decreasing library budget on the other hand forced libraries to charge some price towards their services. • The concept of marketing is relatively a new area to library. • The basic aim is to create the demand & interest among readers to use the library resources & services.
  • 7. • This made a no. of libraries & ICs to establish marketing divisions to with view to sell their information products & services on price to the users in print & electronic media. • Bushing explains: Marketing offers both a theory & a process by which libraries can link products, results, & roles. Marketing can assist libraries in determining their future & in identifying quality products, services, programs, and materials.
  • 8. A marketing audit & resulting plan can contribute to a library’s ability to find a niche in the present as well as in the future & to fill that niche by an optimal allocation of resources. A marketing orientation can assist libraries in defining their role & in guaranteeing their future.
  • 9. Marketing provides a theoretical framework within which to address the specific library & information science questions facing public, school, & academic libraries in both the public & private sectors.
  • 10. Dr.S.R. RANGANATHAN’S CONCEPT OF FIVE LAWS OF LIBRARY SCIENCE • 1st law : ‘Books are for use’ (maximize the use of books). • 2nd law : ‘Every reader his book’ (Reader is the prime factor & his / her need must be satisfied). • 3rd law : ‘Every books its reader’ (Find a reader for every book).
  • 11. • 4th law : ‘Save the time of the reader’ (Organize information in such a way that the reader finds the wanted information promptly). • 5th law : ‘The library is a growing organism’ (Emphasis is on comprehensive & evolutionary growth).
  • 12. BENEFITS OF LIBRARY MARKETING A well developed library marketing programme will bring the following benefits : Improved satisfaction of the users. Extension of services to potential users & there by enlargement of the customer circle. Efficient of marketing resources. Improved resource attraction to the organization.
  • 13. MARKETING TOOLKIT Marketing is largely about shifting from a product and service orientation (the offering) to a customer and need orientation (the benefit).
  • 14. • The key concepts in marketing are: »SWOT analysis »Market research (Market profiling) »Segmentation »Positioning »Product life cycle »The marketing mix
  • 15. SWOT Analysis SWOT analysis is essentially a marketing planning tool, but it is the most widely used tool in strategic planning. It involves identifying the organization’s Strengths and Weaknesses in relation to the market place and the Opportunities and Threats presented by anticipated environmental trends.
  • 16. Market research • Marketing research is a “systematic, gathering, recording & analysis of data about the problems related to the marketing of goods & services”. –American Marketing Association
  • 17. • Market profiling is an important activity in marketing research, which is done to obtain marketing information. • It should consider: – User affordability – Extent of use – Relevance of the service to users – Repeat customers – User preferences – Staffing
  • 18. Market segmentation • Dividing the large heterogeneous market into smaller submarkets (segments) of homogeneous nature. • Involves the identification of the users (target groups) & their needs assessment.
  • 19. • Common bases for segmentation are: »Geographic »Demographic »Psychographic »Behavioural
  • 20. Positioning • Positioning is normally considered at the end of the segmentation process. • This involves deciding where to place the product or service in terms of dimensions such as grade/level and price and value.
  • 21. Product life cycle • Similar to biological life cycle. • It assumes 4 stages: –Introduction –Growth –Maturity & Saturation –Decline
  • 22. Marketing mix • A typical marketing mix constitutes 4 Ps: Product – whatever the user needs Price – price of the product Place – physical distribution Promotion - publicity
  • 24. Marketing mix - additions • Valerie Zeithaml and Mary Jo Bimer list 7Ps, add another three dimensions. 1) People – stakeholders 2) Physical evidence – environment, ambience, tidiness, furniture, fittings 3) Process – flow of activities, simplicity, flexibility, decentralization
  • 25. CONCLUSION • More basic reason for studying marketing is that marketing is vital for economic growth & development for bright future. • Marketing stimulates research & innovation resulting in new products, which if found attractive by customers, can always lead to fuller employment, increased income & a higher standard of living.
  • 26. REFERENCES • Weingand, Darlene. E. (1999). Marketing/ planning library & information services. (2nd ed.). Englewood: Libraries Unlimited, Inc. • Jain, Abhinandan. K. (1999). Marketing information products & services: A primer for librarians and information professionals. New Delhi: Tata Mcgraw- Hill Publishing Company Ltd.
  • 27. • Kotler, Philip. (2003).Marketing management. Singapore: Pearson Education Inc. • Chandraiah, I. (2009). Introduction to marketing of library & information services. New Delhi: Manglam Publications. • Seetharama, S. (1990). Guidelines for planning of libraries and information centres. Calcutta: IASLIC.