Marketing Mix:
Marketing Mix is comprised of 4 components such as product, price, place and promotion. When you marketing your products or services you need to set up a successful marketing mix. The following steps you have to accomplish in an appropriate manner. 1. Choosing the right product
2. Selling at the appropriate price
3. Setting products in the exact place
4. Using the most fitting promotion.
For building up effective marketing agenda vendors have to assemble marketing mix appropriately. The following conditions have to be established to complete marketing mix:
The Price: Pricing is the first aspect of marketing mix which brings money for the company. Establishing price of a product is clearly a very important factor. As we know, when a customer select a product, he see the price if he or she think that is appropriate then he finally start to purchase. So in buying process, customers always compare the products with prices. If the price does not robust with the products preferences since no customer will try to take of that product. So price must be made according to proper feature and attribute of your product.
The Place: Place is another important issue of marketing mix. The place must be selected according to customer observation. The place should decide such way a by which a right product will put at exact place at exact time. Basically, place is all about different system of shipping and storing products, choosing distribution channel, using distribution method and locating the exact goods to the exact place at the exact time period.
The Promotion: The main focus of promotion is communication. By using promotion, you will be able to encourage your products or services in an appropriate way. This will give information about your products and that will help customers in making a choice to buy a product. But promotion can be cost effective. On the other hand, effective promotion enlarges sales volume in order that promotion and other expenditure can add a better output.
2. Selling at the appropriate price
3. Setting products in the exact place
4. Using the most fitting promotion.
For building up effective marketing agenda vendors have to assemble marketing mix appropriately. The following conditions have to be established to complete marketing mix:
- The product you offer has to have accurate feature. It means whatever you offer that should be made according to proper feature and attribute so that customers can buy your product without having any hesitation.
- The price must be formulated in accordance with the individual products preferences and quality basis.
- The products must be in the exact place at the exact time. The product you want to implement will be centered based on the customer’s wants, situation, ability and objectives.
- Now you must be used most appropriate promotion. Using appropriate promotion means having greater possibility to promote your products.
The Price: Pricing is the first aspect of marketing mix which brings money for the company. Establishing price of a product is clearly a very important factor. As we know, when a customer select a product, he see the price if he or she think that is appropriate then he finally start to purchase. So in buying process, customers always compare the products with prices. If the price does not robust with the products preferences since no customer will try to take of that product. So price must be made according to proper feature and attribute of your product.
The Place: Place is another important issue of marketing mix. The place must be selected according to customer observation. The place should decide such way a by which a right product will put at exact place at exact time. Basically, place is all about different system of shipping and storing products, choosing distribution channel, using distribution method and locating the exact goods to the exact place at the exact time period.
The Promotion: The main focus of promotion is communication. By using promotion, you will be able to encourage your products or services in an appropriate way. This will give information about your products and that will help customers in making a choice to buy a product. But promotion can be cost effective. On the other hand, effective promotion enlarges sales volume in order that promotion and other expenditure can add a better output.