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Marketing, the process of developing a product that customers will want, making them aware that it exists, and pricing it such that they will buy it, is one of the most critical factors in successfully bringing a product to market and selling it profitably. Fifteen years ago marketing was seen as the functions business people performed to promote and sell their products and services. Today, marketing is seen as an integral part of the entire business process. Marketing involves everything it takes to make the customer want your product or service more than any other. Without an effective marketing plan and execution of that plan, even the best of products can fail. ... The following topics are critical parts of a successful marketing strategy.
Marketing is not an exact science. ... Timing, customer whims, competitors, and competitive positioning of your product or service make marketing more a game of strategy. ... Miller Lite was actually the third or fourth lower-calorie beer tested in the market, but it was the first one not called "diet" beer. Consumers were ready to hear that beer could have fewer calories and still taste essentially the same, so timing for the product was on target.
Marketing a Product:
Developing a Marketing Plan
Defining the Markets, Products, and Customers
Identifying the Competition
Promoting the Product
Selling the Product: The Sales Force
Customer Service
Developing a Marketing Plan
Preparing a dynamic strategy and schedule for serving target markets (who, what, when, and why). Creating a written marketing plan will force your company to anticipate needs and problems, plan your strategies, and evaluate the competition, as well as to forecast your financial income and expenses.
Approximate Word count = 1269
Approximate Pages = 5.1
(250 words per page double spaced)
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