Importance Of Marketing
A lot of times an establishment may get to catechize on the highlights of marketing as someone may turn a blind eye on this department which is really crucial for the wellbeing of a company. In this talk we are going to look at the advantages of marketing which usually comprises of advertising, organizing brand awareness and many more activities that are all aiming at moving the product.
The gratification that comes with marketing is a lot but before we look at the them there is the marketing mix that we cannot overlook. The commodity is one of the things that come into play as the company should be able to know the suitability of their product to the consumer.
Another one is the price and it involves putting into place the total cost that you have incurred to produce a given product and pricing is also determined by a lot of factors but for you to be successful this is what you should consider for the potential clients. Another marketing mix that one has to consider is the promotion different ways of putting your product out other so that customers may get to know of them such methods may include advertising, the online platform, giving people offers , sampling are among the many methods a company may use to make their products move. Place is another determinant as the product or the service needs to be brought close to the client and it must relate to the nature of a given area. A given product may not do so well in a given region due to a number of issues like cultural beliefs and so on but may thrive in another place.
One of the importance is that it is able to be a source of livelihood for the citizens as they get to make a living. The value is that it is able to generate income in terms of the volume of items sold.
Marketing acts as a source of new ideas as it is always changing so it is up to the marketing teams to think of new ways of attracting potential clients so that they are able to keep demand the high. The advantage is that there is able to be creation of strife and this makes the firm to work tirelessly and aggressive as to be able to emerge the top among competitors as marketing is the channel to compete on. The selling of products is able to create a forecast for the firm as to what is thriving as opposed to those products as the marketing department is able to make an analysis.
The advantage is that the image of a company is able to be on the top as they are seen to be doing well to the community as it is a strategy of making their products known. In the end it is good to hold marketing in high regards as without it the business will not thrive.
Importance Of Marketing