If you are marketing something, make sure to apply the 5Ps to guide you. You need to profit, thus by all means you have to make your dreams come true. Knowing the 5P's gives you a hint on what to do. Remember you have market competitors and expect them to also have knowledge of this 5P's of marketing. The 5P's of marketing includes the following: Product, Price, Promotion, Place, and People . They are also considered the marketing elements that will help you become strategic. Your customers are also categorized as functional, social, and emotional in terms of their needs so it is better to know the 5P's to understand them better.
Know your products if they suit to the needs of the populace. Adjust the pricing if knew that the respective buyers are not all working , only their spouses. You have to know where to promote your products in case you want to do dual marketing online and offline. Knowing the place and people is also vital to have sure buyers of your products. Always know the functional needs and desires of the people in the community. Also, identify the area of the market with unmet needs and fill them in. You will be lucky if know that the community has a large amount of needs, then you will surely receive a significant profit.
Know your products if they suit to the needs of the populace. Adjust the pricing if knew that the respective buyers are not all working , only their spouses. You have to know where to promote your products in case you want to do dual marketing online and offline. Knowing the place and people is also vital to have sure buyers of your products. Always know the functional needs and desires of the people in the community. Also, identify the area of the market with unmet needs and fill them in. You will be lucky if know that the community has a large amount of needs, then you will surely receive a significant profit.
Last edited: