The marketing mix (also known as P) is a framework to build a strategic vision for your product.
The marketing mix consists of;
Product
Price
Place
Promotion
People
Process
Crossing Jordan
Build the foundation for your product with your marketing mix should lead to success, but it depends on how you deploy and use these principles in practice.
Marketing is a science, I mean, there are no hard and fast rule to success – but there, like creating music, the structures that you should follow. Today’s music is built around thirds and sixths, and other combinations are apparently wrong, but people constantly push the limits. Marketing planning is similar – you have to work for the successful marketing mix, but you can make your own settings and the different interpretation of the 7P.
The story behind the marketing mix comes from Neil Bordon in 1953 and has since been amended, modified and improved. The initial mixture consisted of 4Ps – product, price, place and promotion – people, while, process and physical evidence have been added later.
Why a strategy?
Some people might think they have a “product that is sold” or “It will fly off the shelf” – these are all expressions I’ve heard before. In general, people who think this way not done their homework and thought about who to buy the product, how much they spend or the procedure for the object. So they can take a “product that is sold,” again they have there to tell people their product.
There are too many alternatives to all the combinations that could be used by companies to build their marketing plan list. There should be a marketing mix for each path in the market. For example, a furniture store to sell directly to consumers but also wholesale to other companies. The strategy to get a product on the market is completely different.
While the product remains the same ie furniture, pricing, promotion, place, people, process and physical evidence is different;
Direct to Consumer (B2C)
Product – the same product, usually the purchase in a timely
Price – Since it’s a price you out of it does not usually discount, even if you have a special sale
Location – come into the sales transactions with customers to you
Promotion – with a newspaper, pamphlet drops, posters, promotion, or even on TV
The people – in store sales team, where the end user who makes the buying decision
Process – deal directly with the consumer
Physical evidence – on the store design concern, as it’s accessible, it’s clean, etc.?
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