Posts Tagged ‘opportunity’
Basic Knowledge of Marketing
Marketing industry has gone to the highest speed, with the excitement of Internet marketing, website optimization, Twitter, Facebook, LinkedIn and others in the latest fads and fashions. Sometimes I wonder if anyone addressed the rest of their marketing, if the ‘web’ word in it?
So let’s take a deep breath, go back to basics and rediscover the science of holistic marketing …
First Product
This is where it all begins. The main distinguishing factor between successful and failing companies is whether their product meet the needs of the market and meet customer expectations.
2nd Price
If you look at the price of the product “elasticity”, which correlates with your selling price with you. Concept of “elasticity” indicates that the higher price, the lower the volume. The price is too high and will reduce demand, thus the potential revenue and market share, and giving your competitors the opportunity to steal and a slap on the market under his nose to a minimum.
Price also sends a critical signal to the market in terms of your position and your ambitions, and information on the value of your brand value to your product. Price is a ‘Rubik Cube’ marketing.
3rd Place
This is your route to market – a process by which your products fall into the audience, or a place to go shopping. By combining an innovative way to expand your market reach, through a balanced mix of channels you can route to market will prove to be their competitive advantage.
4th Support
Now unfortunately this is what the majority of people head for when you start talking about marketing. Promotion – as in advertising, branding, PR, collateral, documentation, etc. – is only one component of a comprehensive marketing strategy.
5th People
People are the foundation of any business, whether you think about your customers, your suppliers or your own organization. Holistic marketing requires a measured and scientific approach to business planning product, pricing and marketing strategy overhaul.
Product management and proper ‘product lifecycle management “the answer is that the risk of failure to minimize and providing world-beating, and successful product.