Welcome to another blog post
about marketing strategies including media communications corp review. Today,
we are going back to the basics of marketing by discussing the Four Ps, and how
to make the most of these methods in order to increase the awareness of your
product and brand.
The Four
P’s of Marketing Mix
As timeless techniques in
classifying various marketing strategies, smart marketers will be able to
implement effective promotional activities and will achieve the targeted
results. On the other hand, if any marketer fails to grasp the importance of
these classifications, then they are more likely to fail and the business will
lose money, of course.
1. Product. This is the most
essential part of the marketing mix and its usefulness and innovativeness will
make or break your brand. The customers should need and want this product and
the design of the product should be based on these customer requirements. The
process of making the most useful products that will highly satisfy the needs
of the customer is called product engineering.
2. Price. The second necessary
factor in the marketing mix, the customers’ reaction would mainly be based on
the price of a product. If for instance, an item is overpriced, they will
naturally search for natural alternatives. The quality of the product will also
weigh in with the decision of the customers if it is goes well along with the
price. If on the other hand, the product is priced cheaply, the target market
would also tend to be wary of its quality. Hence, there should be a balance
between price and quality especially if you are launching a new product.
3. Place. The channels of
distribution of the product also matters a lot as it will determine how
customers can get access to it. Developing the right distribution partners and
reliable suppliers will help in enticing customers to buy your products and
they will also help in reaching out to more leads. Plus, these retail partners
will also aid in delivering your products to customers at a quick turn-around.
Welcome calls or Order Confirmation Calls have been utilized by companies who want to make the most out of their online businesses. The call is made by a call center representative to the customer who has placed an order to confirm it, and then ask him if he will be interested to get another order for a discounted price. This is a win-win scenario for both the marketer and buyer because the buyer is protected from fraudulent transactions and the marketer will benefit from the upsell. Get to know more about this cost-effective marketing technique today by visiting the Media Communications Corp review page.