Advantages Of Marketing
A lot of times an establishment may get to catechize on the highlights of marketing as someone may turn a blind eye on this department which is really crucial for the wellbeing of a company. In this discussion we are going to analyze the importance of marketing which involves the activities of buying, advertising, distributing a given product or service.
There are a lot of advantages but before that let us have a look on some of the marketing mix before one can venture into marketing as a whole. One of them is product first and foremost one must establish the type of commodity they are producing or even the service they are rendering and what the product is made of and who are they making it for this is just but a few questions that have to keep ringing in their minds.
Another one is the price and it involves putting into place the total cost that you have incurred to produce a given product and pricing is also determined by a lot of factors but for you to be successful this is what you should consider for the potential clients. Another marketing mix that one has to consider is the promotion different ways of putting your product out other so that customers may get to know of them such methods may include advertising, the online platform, giving people offers , sampling are among the many methods a company may use to make their products move. Place is another determinant as the product or the service needs to be brought close to the client and it must relate to the nature of a given area. It is common for a product not to do so well in a given region but in another it sells it is good to have this factor in mind.
One of the advantages of marketing is that it is able to create employment this because there are a number of people who are employed as marketers directly or even indirectly in the manufacturing plant. The significance is that it is able to become a channel for the firm to gain profit which results in the company doing well hence even tax returns which build the country.
This doctrine is able to bring a sense of invention with new ways that makes the product to sell. The highlight is that the is able to be creation of rivalry which is necessary in any given sector as it makes one to improve on weaknesses and capitalize on strengths. The act of advertising, promotion and so on is able to help the organization make an informed choice of how much to produce and what season is the product doing well.
The positive side is that the company is that it is able to build prominence as through the various aspects of marketing it is able to create a niche for itself . In the end it is good to hold marketing in high regards as without it the business will not thrive.
Advantages Of Marketing