2. Product/ Service Scope
Market scope
Value
Timing
Identification of beneficiaries
Competitive strategies
3. Personal rapport with customer
Cross selling
Frequency marketing strategy
Community relations
Opinion leaders
Media/ Event management
4. In services, celebrity endorsements are used
to create a brand image and also to use them
to inspire confidence.
Eg. Cadbury Chocolates – Amitabh Bachchan
Shahrukh Khan – ICICI Bank
Hema Malini – Bank of Rajasthan
Rahul Dravid – Bank of Baroda
Karnataka Soaps – Mahendra Dhoni
Juhi chawla – dena bank
6. Distribution of services – Franchising common
type
Franchising is a relationship or partnership in
which the service provider – the franchiser –
develops a service format that it licenses for
delivery by other parties –the franchisees.
7. Celebrity endorsements – common in FMCG
marketing – common in services.
These are not cheap.
Banks have raised their promotional
expenses by 30-40%
Differentiation through branding is becoming
important