This essay analyzes the 44p's in marketing that a successful business company needs to embrace in order to be competitive in the market. It covers topics such as packaging, understanding customer fears, advertising, and more.
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1 MARKETING AND MANAGEMENT Analysis of 44ps of marketing and management Date Word count Author's Name Institution name
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2 Introduction Business companies and organization need to market its products and services effectively in order for them to be competitive in the market and ensure that its products are known and appealing to potential customers1. The essay analyses the 44p's in marketing that a successful business company needs to embrace in order to be competitive in the market. 44p's of marketing Packaging It involves packaging of products in an attractive design so as to be noticed by customers easily thus making them buy them. Pain Involves understanding the kind of fear that their customers have toward their products or services and use it for their benefit. Pandemic Have a valuable and entertaining advertisement which makes people happy to spread it Part Identify part of the product relevant and important to the customer this makes them to constantly think of the product. 1Sheilagh Mary Resnick, Ranis Cheng, Mike Simpson, and Fernando Lourenço. "Marketing in SMEs: a “4Ps” self-branding model." (International Journal of Entrepreneurial Behavior & Research22, no. 1 2016), 167.
3 Party Establish user group such as discussion forums whereby customers who buy their products can join2. Pass-along value Companies need to focus on the quality and durability of their product. Peers Provide proof that somebody else used the product and recommended it for great use. Perceptiveness Explain how the product will be used so as to win the confidence toward the product. Personas Direct your marketing to a specific group or customers. Picture Use pictures because they are appealing to the customers more than words. Pilot Provide testing of products before purchase. Placebo 2Michael J Baker.Marketing strategy and management. (Macmillan International Higher Education, 2014).
4 Avoid counterfeit products because they neither last nor meets customers' expectation last. Planning Plan the marketing process well. Planting Use different channels to deliver the same message. Playfulness Businesses should use advertisement with positive emotions to the customers. Pleasure The product should make peoples' life happier. Plot Formulate your advertisement well. Politics Use a key figure in marketing your products. It wins people trust and confidence. Porn Company product should make the customers feel attractive. Positivity The product needs to make people feel motivated and positive. Praises
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5 Praises in marketing increase quality of the product to the customers and reduces the fear of risking. Prediction Aim at reducing negative customer prediction after purchasing the product. Preferences Convince customers who use competitors' products by comparing products. . Premeditation Consider all aspects of the marketing campaign. Press Tie your marketing to social media which is more popular today. Pressure Create an urgency for the product. Preview Create an imaginary picture in the minds of the customers. Pricing Understand how much people want to buy the product then put a fair price Priests Marketing words should match peoples' belief and expectation. Prince
6 The product or service should answer customers dream. Principles Reinforce peoples’ principles do not contradict them. Product Ensure quality Products to the customers. Production Indicate the effects the product might have on the surrounding. Prominence Choose the best channel for advertisement and use the good content. Proof Use a trustworthy expert relevant to your product like for toothpaste, use a dentist. Properties Always include most important properties which the customers need. Prosperousness Marketing should aim at increasing the status of the people. Protection Offer protection of the products like customer services, warranty. Purpose cow
7 Be unique in your marketing. Purpose The product should be purposeful. For example, it is environmentally friendly. Push Push the customer to take action of buying the products. Conclusion Marketing is very essential for the success of any business and therefore, it should be well planned and done in an effective manner with aim of increasing sales and satisfying the customers. References
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8 Baker, Michael J.Marketing strategy and management. Macmillan International Higher Education, 2014. Resnick, Sheilagh Mary, Ranis Cheng, Mike Simpson, and Fernando Lourenço. "Marketing in SMEs: a “4Ps” self-branding model."International Journal of Entrepreneurial Behavior & Research22, no. 1 (2016): 155-174.