Last but not least 4 – Promotion Promotion is a very important component of the marketing mix to success as it can boost brand recognition and sales. The promotion has different elements such as Sales Organization Word of mouth Advertising Sales Promotion Today we have an enormous shift in focus from offline to the online promotions Word of mouth, on…
3- Price The price of your product | service is basically the amount that a customer pays for it. Price is a very important component of the marketing mix definition. It is also a very important component of a marketing plan as it determines your profit and loss Having the right price tag can be of a great impact on…
2- Place It comes with a deep understanding of your target market Placement or distribution is an essential part of the product | service success. You have to position and deliver the product | service in a place that can easily be reached by potential customers Below are some distribution strategies you need to consider Intense distribution Selective distribution Franchising…
4P’s of a marketing mix for success 1- Product Your product is built or produced to satisfy the needs of your customer hence it needs to be created based on that to ensure to have the right type of product that is in demand for your market. During the product development phase whether design or positioning etc…, the marketer must…
We will be sharing all the elements of the right marketing mix for success, and to avoid confusion between the 4p’s, 7p’s and even the 4c’s – you should save the shared image and keep visiting it to keep in mind what makes up the complete marketing mix. If you don’t understand it in detail or at all, then it…
