Are Your Promotions Reaching Your Target Market?
Are your promotions reaching your target market?
Look at your customer profile and list all the media they might consume. What do they read? What do they listen to? What do they watch? What events do they attend? What social media sites…
Setting The Right Price
Pricing is a huge topic, for today I want to focus on price as a measure of value. Your customer's perceived value of your product will partly depend on the price. Most people will automatically assume that a £25 product is better than a…
How To Get Your Product Right For Your Target Market
The Marketing Mix encompasses the 4-P's that help business people like you to understand customer needs so that you can meet and exceed customer expectations. The 4-P's are; Product, Price, Promotion, Place.
Each 'P' should be explored…
Building A Constant Flow Of Customers
This month, reconnect with past clients and customers and sell them something else.
Do you have a database of people who have bought from you already?
How could you get in touch with them?
What could you offer that recognises your…
What is Customer Satisfaction?
Customer satisfaction occurs when the perceived value of a product is realised when the consumer purchases the product.
Look at the following example;
I go out for a meal, my expected benefits may include: a tasty meal, clean surroundings,…
How To Increase Customer Value
What is customer value?
Customer value is the perceived range of benefits a consumer gains from purchasing a product or service minus the perceived sacrifices.
For example let's consider an eCourse. The benefits are:
* Gaining knowledge
*…
Developing Your Marketing Strategy
In this post I'll cover the three keys to an efficient effective marketing strategy.
1. How does your cost per customer for marketing compare to your profit per customer?
An efficient marketing campaign is one where the profit gleaned…
How To Ensure Your Marketing is Efficient and Effective
In this post 'll cover the three keys to an efficient effective marketing strategy.
1. How does your cost per customer for marketing compare to your profit per customer?
An efficient marketing campaign is one where the profit gleaned from…
Efficiency and Effectiveness
Efficiency is being able to create products or offer services at a competitive price.
Effectiveness is creating and offering the right products and services, the products and services that consumers desire and will buy.
An inefficient,…
Is Your Business Marketing Focused?
The marketing concept can be understood as meeting your business goals whilst meeting, or preferably exceeding, your customer's needs better than your competitors.
You can do this in three ways;
1. Customer orientation
Put the…
