Whether you are running a small business or a large enterprise, it is important to know the seven core functions of marketing. This will allow you to develop standardized strategies that help your company succeed in the marketplace.
What Are The 7 Core of Marketing?
The first marketing function is promotion, which aims to build brand awareness and interest in the internet marketing service Atlanta. It can be done through social media posts, email newsletters, or advertising campaigns. It also educates consumers about the benefits of your products.
It is essential to promote a product effectively to increase sales and grow your company’s customer base. It is essential to understand the target audience for your promotions so that you can reach them in a way that they will be most receptive to your message.
Promotion, Selling and Product/Service Management
Selling is the second function of marketing and it focuses on delivering a product to your customers. It combines efficient communication with strategic product prices to meet consumer needs and make the sale.
Pricing is another important function of marketing, which involves setting the price for your goods or services and deciding if you should lower it to keep up with competitors or raise it so that you can still make a profit. It is a difficult process that takes time and research.
The final function of marketing is distribution, which determines where you are going to sell your product. This includes where you will display it in stores, how it is packaged, and how it will be placed at a particular location.
It is a critical function of marketing that requires collaboration between all departments to ensure that each product reaches your consumers in the best way possible.