Marketing can be defined as the planning and implementation of all factors of a product to influence consumers, resulting in maximum product sales at optimal prices to achieve maximum profit goals. In today’s world, marketing is an integral part of any business or service sector.
Marketing helps in attracting targeted customers for service sales. Marketing is stated as art and technology. Marketing is a concept in which an organization sells its products by considering the wants and requirements of consumers. To achieve this, market research is carried out.
Market research can be done with telephone conversations, personal interviews, feedback forms, etc. Through this media, customer requirements are known. The company manufactures products based on research conducted. If you want to know more about marketing consultants, then you can also browse https://petermavridis.com.au/.
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This ensures that targeted customers receive what they ask for. This increases sales for certain products and increases the organization’s profit and market value.
Marketing can be done in various ways. The most common method is by advertising. Advertising products in the media, newspapers, magazines, landfill, public transportation, etc. helps customers to find out the availability of the desired product.
The market value of the companies that produce it also increases. Another method is by sales promotion where the product is promoted in crowded market places to attract potential customers. Free samples are distributed for their use. Attractive packaging and offers increase product desires, thereby quickly increasing sales.