Marketing strategies
Here are some vocabulary words related to marketing strategies for IELTS band scores 4.5-6.0:
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Marketing Strategy:
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A plan or approach designed to promote a product or service and achieve specific business goals.
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Target Audience:
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The specific group of consumers that a marketing campaign is intended to reach.
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Market Segmentation:
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Dividing the target market into distinct groups based on shared characteristics or preferences.
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Product Positioning:
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Creating a unique image and identity for a product in the minds of consumers.
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Brand Awareness:
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The level of familiarity and recognition of a brand among the target audience.
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Brand Loyalty:
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The degree of customer commitment and attachment to a particular brand.
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Market Research:
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The process of gathering and analyzing information about a market, including consumer needs and preferences.
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Competitive Analysis:
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Evaluating the strengths and weaknesses of competitors to identify opportunities and threats.
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Unique Selling Proposition (USP):
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The distinctive feature or benefit of a product that sets it apart from competitors.
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Marketing Mix:
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The combination of product, price, place, and promotion strategies used to reach the target market.
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Advertising:
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Paid promotion of products or services through various media channels.
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Public Relations (PR):
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Building and maintaining a positive image and relationship with the public and media.
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Social Media Marketing:
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Using social media platforms to promote products and engage with customers.
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Content Marketing:
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Creating and distributing valuable content to attract and retain a target audience.
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Email Marketing:
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Sending commercial messages to a group of people via email to promote products or services.
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Influencer Marketing:
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Collaborating with influential individuals or celebrities to promote a brand or product.
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Digital Marketing:
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Marketing efforts that use digital channels such as websites, search engines, and social media.
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Guerrilla Marketing:
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Unconventional and low-cost marketing tactics that create a buzz and draw attention.
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Viral Marketing:
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Creating content that spreads rapidly and widely through social sharing.
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Word-of-Mouth Marketing:
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Marketing that relies on customers' recommendations and referrals.
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Call-to-Action (CTA):
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A prompt that encourages the audience to take a specific action, such as making a purchase.
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Conversion Rate:
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The percentage of website visitors or recipients of marketing messages who take the desired action.
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Customer Retention:
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Efforts to keep existing customers and encourage repeat purchases.
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Upselling:
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Persuading a customer to buy a more expensive or upgraded version of a product.
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Cross-selling:
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Offering complementary products or services to customers based on their previous purchases.
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Market Penetration:
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Introducing a product into an existing market to gain a larger share of customers.
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Market Development:
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Expanding into new markets to reach untapped customer segments.
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Product Development:
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Creating new products or modifying existing ones to meet customer needs.
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Diversification:
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Entering new markets with new products or businesses to reduce reliance on existing markets.
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Product Lifecycle:
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The stages of a product's existence, including introduction, growth, maturity, and decline.
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Price Skimming:
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Setting a high initial price for a new product and gradually lowering it over time.
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Price Penetration:
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Setting a low initial price to gain a large market share quickly.
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Promotional Campaign:
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A coordinated series of marketing activities to achieve specific objectives.
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Marketing Budget:
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The allocated funds for marketing activities and campaigns.
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Return on Investment (ROI):
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The measure of the profitability of a marketing campaign relative to its cost.
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Customer Segmentation:
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Dividing customers into groups based on similar characteristics or behaviors.
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Market Share:
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The portion of a market controlled by a specific company or product.
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Product Differentiation:
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Making a product unique to distinguish it from competitors.
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Market Demand:
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The total quantity of a product or service that customers are willing to buy at a given price.
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Customer Satisfaction:
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The extent to which customers are happy with a product or service.
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Remember to practice using these words in various contexts to reinforce your understanding and improve your English skills. Good luck with your IELTS preparation!
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