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Most people think that marketing is only about the advertising and/or personal selling of goods and services. Advertising and selling, however, are just two of the many marketing activities. In general, marketing activities are all those associated with identifying the particular wants and needs of a particular target market of customers, and then going about addressing those customers better than the competitors. This involves doing market research, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution. Your marketing plan identifies groups or segments of customers that you can better serve than your competition, and tailors your product and service offerings, prices, distribution, and promotions to fill the needs of a particular group of consumers. Ideally, your marketing plan addresses unmet customer needs that have the potential to generate maximum return for you. A good marketing plan focuses on those target customers that your company can best serve. |
Measure Your Performance After executing a marketing promotion, companies need to periodically evaluate their success and look for ways to enhance performance. Other issues to consider: Contact us today to start working on a strategy that gets results. |
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