1. Purpose of Marketing
a. Through marketing, you can bring your products and services to potential customers, just as you would use invitations to gather guests’ attention to a party.
b. Without marketing, you can’t sell your product. This is why businesses invest in marketing strategy.
d. One of the most important reasons businesses market their products and services is to drive profitable customer action.
e. Organizations and brands embrace marketing to ensure their continuous overall success. Some purposes of marketing are introduced as follows:
1. Marketing ensures that brands, organizations, and companies can generate revenue. Experts can achieve this by implementing several techniques to drive traffic, convert leads, improve sales, and move the organization forward.
2. Marketers often focus on marketing initiatives that lead to revenue via a marketing funnel approach. Professional marketers often create results for lead indicators, which proposes that as the ideal audience carries out a leading desirable action, profitable action follows.
Think of your party as the product and the invitations as marketing. All the marketing needs will be provided by Crystal Web.
2. How Does Marketing Improve Business Growth?
a. Voice of the market (research): Through marketing, businesses can acquire market information, which in turn drives the business forward. In other words, marketing involves research that ensures a brand’s services are tailored to meet customers’ demands.
b. Market penetration (acquisition): Marketing serves as a fundamental tunnel through which the business can reach the target audience and convert them into customers. Our agency provides all the solutions you need.
c. Enablement (positioning): Marketing enables all departments and teams within the company, including customer service and sales, to actualize business growth. This is achieved by unifying all business units around messaging and resources that align with strategic objectives.
d. Customer success (retention): Marketing also empowers buyers to remain long-term customers. Marketing serves all areas of the funnel with tailored experiences ranging from unaware audience members to repeat purchases from existing customers.
3. What is Advertising?
Advertising is a way of marketing your business in order to increase sales or make your audience aware of your products or services. Until a customer deals with you directly and actually buys your products or services, your advertising may help to form their first impressions of your business.
Advertising can:
a. Provide basic information such as your contact details and website address.
b. Increase sales by telling potential customers about your product or service.
c. Tell customers about changes to your service, new product launches, special offers and improvements.
d. Prompt specific action - perhaps getting customers to visit your premises or website, or use a discount voucher by a specified time.
e. Remind existing customers about your business.
f. Change people's attitudes and perceptions of your business.
g. Help to create or develop a distinctive brand for your business.
4. Advertising campaign planning:
Advertising can increase sales by telling potential and current customers about your new product launches, special offers and improvements. Apart from reminding current customers about your business, advertising can also help to create or develop a distinctive brand for your business.
5. Advertising: value for money
Work out a maximum budget. Identify which options give the best possible return - it could be one or two adverts in a more expensive medium, or several adverts in cheaper outlets.
If it's your first campaign, reduce your risks by seeking advice from other people in your industry and finding out what works for them.
Get information about the media you're considering - particularly figures for the audience or readership and how close they are to your target market.