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Marketing

Marketing your product and company is essential. Properly positioning your company can help consumers feel a specific way and associate those feelings with your product or brand. A common way of positioning a company is to have a company mission statement. This will verbalize the way that you hope customers will feel when using your product or services. Many companies utilize words such as ‘trustworthy’, ‘value’, and ‘reliable’ when positioning their product or services.

Marketing can be a challenge for many businesses because it can be difficult to find a direct correlation between marketing dollars spent and an increase in sales. That doesn’t make marketing efforts futile though because it can still lead to a potential consumer associating certain keywords and feelings with your company. Many companies have scaled back on the amount of marketing dollars that they spend, opting to use this money to find a more direct measure to increase their sales.

There are many different options when it comes to marketing a product or service including billboards, print media, television ads, radio ads, internet ads, and more. Marketing has come down in price because there are many unique guerilla styles of marketing that a company can perform.This includes utilizing social media sites including Facebook, Twitter, Pinterest, and more. These sites can help a company to create a buzz or just offer an information page for customers.

Although many may feel as though marketing is not a value-added part of business, it is imperative in order to create a want for your company’s products or services. You can use either an in-house marketing team or can opt to contract the work out to an advertising or marketing agency. No matter what you decide, it is important to know what message you want to put out there and be open to creative ways of doing so.

You will find out many of the key marketing concepts that any business should know including:

Making The Most Of Media

Making The Most Of Media

Whether you own a small company or a large company, one of the most important decisions you will need to make is how to use the media to market your product. Different forms of media include internet advertisements or more traditional forms such as newspaper or radio ads. Newspaper Ads Newspaper advertisements were once the most effective way to promote your product or service. A company could print a half page ad or a full page ad and pretty much guarantee that it would reach many different audiences. However, with the decline in print media and newspaper subscriptions, this has changed. Since readership is down across the board, many companies, particularly larger ones, are finding it less profitable to print advertisements unless they were including coupons...

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Positioning Your Product

Positioning Your Product

Product positioning is a way for a company to differentiate their product from that of a competitor's. It is important for companies to be able to explain why their product will offer an advantage when compared to other products available in the market. Effectively communicating this message is the most important part of a marketing strategy. Positioning Primer When positioning your product, there are a couple of different strategies that you can use. One of the most common methods used by companies is to position their product against that of a competitor's. However, in order to successfully do this, you will need to make some sort of claim or guarantee emphasizing that your product is superior to that of your competitor's.  However, you can also...

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Prioritizing Products Or People?

Prioritizing Products Or People?

For many businesses, managing and developing staff is a full-time job. Depending on which sector your business falls into, the intensity of input needed from employees will vary.  The quality of the product depends on the capacities of the people making them. To foster conditions which will produce high-quality products consistently, a business will have to support their workers in a variety of ways. Below are a few things for companies to consider. Motivating Staff Unmotivated staff can greatly degrade the efficiency of a working environment and so, can negatively affect productivity overall. Therefore, it is important to build and maintain a proper atmosphere in order to raise productivity and worker satisfaction. For example, never giving out promotions will...

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The Subtleties Of Social Media

The Subtleties Of Social Media

As opposed to the traditional website, social media sites are comparable to a dynamic conversation, constantly changing and evolving with the input of its users. Traditional websites are static and unchanging, being comparable to a book; formally written and rarely revised for its viewers. Thus, we can see here that social media sites rely on the active process of contributions from users who utilize these sites as social media tools. Alternatively, the traditional site relies on the passive digestion of information from its viewers to convey an exposition on a given topic, idea, or creative work.  After unpacking these critical distinctions, social media can then be understood as a concept referring to the intangible tools used to construct and maintain an...

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