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Vendor Analysis - How Do Firms Decide Who to Buy From
When firms set out to hire suppliers for their projects there are a lot of criteria that they use, and hoops that suppliers/venders have to jump through. Here we look at some of the basic ways that firms decide who to...
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What is B2B Marketing? Business to Business Marketing Explained
Have you ever heard the phrase, B2B Marketing and wondered what it meant? Well here we explain the basics of what Business to Business Marketing is, from McDonalds buying tomatoes for the sandwiches to Dell buying...
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The B2B Buying Process Explained
Business just like people have to make purchasing and buying decisions. Here we look at the process that firms go through to determine who is buying what, when, and how.
B2B marketing explai
ned.
#marketing...
B2B marketing explai
ned.
#marketing...
Curated Video
Market Segmentation, Targeting, & Positioning Process Explained
Firms tend to go through a whole process in order to decide how best to divide up and conquer their market. The STP Process or Segmentation, Targeting, and Positioning process is how firms systematically divde up...
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How to Develop & Implement a Marketing Research Action Plan
When you do marketing research you can discover a lot of new and creative ideas on how to grow your business or how to understand your customers. With marketing research you need to develop a way to have actionable...
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Mass Marketing & Other Marketing Strategies Explained
When firms target their customers they need to determine the overall kind of marketing strategy they are going to use. Whether it is a one size fits all model that you see with Mass Marketing, or at a one on one level...
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Supply Chain Conflict: Why Do Firms Fight with Their Suppliers (It's more than just money)
Firms just like families have conflicts, whether it is fighting where to go on vacation or how to price the final product so everyone makes money there are issues that come about. Here we look at some of the more...
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How to Deal with Trolls on YouTube
Trolls and negative feedback is quite common on YouTube. I think it is important to note there is a difference between criticism and harassment. Here we talk about how to deal with trolls and overly negative criticism online....
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Ethical Issues with Marketing Research
When firms produce marketing research there are a number of ethical dilemnas that firms must deal with. Here we go through some of the moral and ethical issues and how firms can make sure their marketing research is...
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The 5 Cs of Pricing - How Firms Set Prices
When firms are determining their pricing for their products and services there are a number of factors to be considered. Here we look at the 5 Cs model for pricing where we look at company objectives, customers,...
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Marketing Mix: Place - Delivering the Value Proposition
When we look at the marketing mix or the 4 Ps of marketing Place is a key point. When looking at Place we are looking at how a firm delivers the value of the product or service that they created. This can look at...
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Final Presentation Overview: Advanced Marketing Management
Dear students, here is the rough break down of what I will be expecting from your final project presentation. From giving the best advice from both the strategic marketing project and the strategic marketing project to...
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How The Economy & Internet Influence the Price You Pay: Macro Influences on Pricing
When companies develop pricing they consider a lot of things, from costs to competition, but there are some times external macro influences that influence the prices that firms charge. Whether it is the Showrooming of...
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The Diffusion of Innovation Theory Explained
When firms create new products or new innovations they want to have an idea towards whom they should market the product. The diffusion of innovation theory looks at the different groups that accept and buy into...
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How Firms Can Un-Screw Up When They Screw Over Their Customers
Have you ever been to a business and they messed up but didn't want to take responsiblity for their mistakes? Well here we go through some ways companies can unscrew up when they realize they did mess up....
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Online Only Classes Announcement for BADM 320: To My Students
Dear BAD 320 Principles of Marketing students,
here is how we will be going forward with online only classes. I hope this can
help
.
Mark<
br/>#marketing Playlist/
>
YouTube Advice
here is how we will be going forward with online only classes. I hope this can
help
.
Mark<
br/>#marketing Playlist/
>
YouTube Advice
Curated Video
How Changes in Society Affect Business: PEST Analysis
The ever changing social and cultural landscape is something that businesses and marketers need to follow. Firms need to monitor their clients and the environment they are in order to track these changes so they know...
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How to Manage Customer Expectations - So you don't oversell your product
Have you ever been told that a movie is fantastic and been disappointed? Ever saw a movie preview and when you saw the movie you felt like they sold you a different movie all together? This has to do with customer...
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Welcome to BADM 320 - Fall 2025 at UIUC
Hey there fellow Illini! The new semester is about to begin and I thought you might want to know what to expect this semester in BADM 320: Principles of Marketing.
Important Dates for Fall 2025
Students
Exam 1:...
Important Dates for Fall 2025
Students
Exam 1:...
Curated Video
Typical Sales Promotions & How Firms Use Them to Get You to Buy
BOGO, Going out of business sale, coupons, rebates, discounts, all of these are examples of Sales Promotions that firms use to entice customers to buy or at least visit their store. Here we look at typical sales...
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Vertical Supply Chains Explained
When firms are dealing with their supply chain management and their supply chain partners they may want to develop a long term relationship with their suppliers to help make their supply chain flow smoothly. Here we...
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What is Service Marketing & Why is it so important to the Economy?
When we buy or sell educational services, financial services, insurance, banking, entertainment we are taking part in the service economy. Here we discuss what makes up Service Marketing.
Copyright Mark Wolters...
Copyright Mark Wolters...