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September 25th, 2008

What is Marketing

Marketing has wide-ranging of activities involve in assuring that you gradually fulfill the requirements of your customers and are getting value& return customer.

To get the expected result you must have:

  • The knowledge of potential customers or the state of market that exists.
  • Your target Area or your target market
  • What are the needs of your consumers, what kind of products or services you shall develop to match their need?
  • In what ways customer prefer to use your products or Services.
  • Who are your competitors & what are they doing to gain an upper hand.
  • What should be your prices & approach of sale according to market trend?
  • How your target market make a choice to access your product or services.
  • How your consumers will pay & how much are they willing to pay?
  • How can you make your products differ & better than your competitor, so that they shall buy from you & not from your other competitor.
  • How the company or products should be identified – personality -to be most identifiable i.e. naming and branding
  • In what ways the products of the company shall be identified. i.e. Branding , Naming , Marketing
  • Ongoing campaigns, which can include advertising, public relations, sales and customer service
  • Last but not the least, Ongoing Campaigns, it includes all the ways that could help in your product promotion & increasing the sale.

After all marketing is not about losing the sight over the basics. Being focused on the customer demand & requirement, and then finding out the ways on how to achieve them in a responsible manner is the fundamental way of making profits for a long period.

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