Marketing - Essay Example

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Marketing is defined as “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large (The American Marketing Association). Marketing brings the…
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Download file to see previous pages A Marketing Mix is first devised when a company is makes a marketing strategy; this consists a study of the product itself, the price that must be set, the places it should be sold from and the promotional methods that are to be implemented. There are various methods of marketing, and their selection depends entirely upon the product’s target audience. Following our some of the most popular methods used for marketing (Business Consulting Buzz):
The major methods of marketing include Direct Mail, which is a mail sent by the companies to their prospective clients. Either this is done systematically or randomly, when done systematically, first a list is made, of the demographics of the target audience, and then the marketing mail is sent to all these people. However, this form of marketing is costly, can not reach a wider audience and is only feasible for companies interested in a particular locality or audience, e.g. a new restaurant opening in a particular locality. Another way is to send out emails to various possible customers, this form can reach a wider audience but there is a danger that the mail might be deleted before being read.
Print media is another popular promotional method; this includes newsletters, newspapers and magazines. When a wider audience is intended newspapers can be a very beneficial way of marketing, however, when a particular group for instance young women or kids are the target audience, magazines that are popular in these groups can be used. Newsletters, brochures and other print promotional methods are also used, but are less sustainable. However, they have the power to be referred to or be kept for a long time by possible customers. However, this form of marketing can be very expensive, the more popular and widely read the magazine or newspaper, the higher is the cost for placing ads. Also printing several brochures or newsletters is an extremely costly option ...Download file to see next pagesRead More
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