It’s been 2 weeks now that I’ve worked with Pharian.
One of my key tasks was to learn about the 7 principles of marketing. Which makes me ask you, do you know the 7 principles of marketing?
If you can’t name all seven, I will share my knowledge with you.
Product is the first principle on the list. And it’s one of those terms which is very obvious. But to spit out clear for you, the product is the item that should fulfil a need. You should understand why do YOU need the service?
This term is also fairly straightforward. It’s the amount a customer will pay to genuinely, enjoy it. Technically speaking, us marketers need to determine the pricing side like our margins and profits. And if the product will greatly affect our sales and demand.
Distinguishing the ideal spot for the companies adverisement. Locations for advertisement is crucially important, as this is what coverts people into clients. Advertisements can be used online, or in person. Just use your imagination!
Relating to place this term is the process in which you can boost your brand recognition. Using the advertisement to the full advantage. Doing this? You’re guaranteed to gain fresh new viewers.
As a marketer, our job is find the right target market for businesses. It’s incredibly important to deliver excellent customer service, as this then create the cycle of gaining new clients. I mean, who wouldn’t want that!
This step is where communication is key. It’s the interaction between the business and customers. During this process, you’ll need to strategically think about the correct process of minimizing costs, as well as maintaing the great customer service you’re seeking.
This is last step. The end result where the customers and you can see the final product. This could mean all the items you’re selling, the branding and importantly the sellers and how well you act.
Do you remember all 7 Marketing Principles?