The Importance Of Success In Marketing

Improved Essays
KNOW YOUR MARKET Understanding the peculiarities of every market is key to succeeding in marketing. Every intending market has different needs, aspirations, beliefs, values, etc. So, the fact that one product or service succeeds in one market does not guarantee success in another. To know the market you intend to do business with, research must be carried out. A good way to start is by asking questions. Attempt to know if the same product you wish to sell, or service you wish to render has ever been offered to the market in question. If it has, did it fail or succeed? If it failed, what caused the failure? And if it has never been offered to this market, what are the possibilities of success and failure? When all these questions (and more) …show more content…
To avoid this, it is important to order for just a few samples that can be tested by close friends, family members, and especially people who have knowledge of the product. When this integrity test is passed, you can go ahead to bring in the whole bulk. BE SURE, BE CONFIDENT, NEVER LIE The product or service one sells or renders is a direct representation of that person. Folks have a lot to say about a person by the products or services such a person offer. To effectively market, you need to be very sure about every word said because; the customer who is paying has a way of holding the marketer by his words (in …show more content…
DO NOT DOWNPLAY OTHER PRODUCTS OR SERVICES In the bid to market your product or service, never say bad things about other products or services, or portray them as been inferior to yours. That is unhealthy competition. Smart customers will believe that you have nothing original to offer. PROVIDE A WARRANTY FOR YOUR PRODUCT Customers need assurances of the product or service they have paid for, and warrantees are sure ways to achieve that. No matter how short the duration of the warranty, provide it any way. If a potential customer sees that you trust your product to deliver without fail (even for a few months), there is a great chance that potential customer will patronize you. CREATE A GOOD RELATIONSHIP WITH YOUR CUSTOMERS For most customers, it goes beyond the business transaction. Customers tend to do more business with marketers that seek to know their wellbeing (in the most respectful way of course). And you must always be available to attend to the customer (even) after the transaction, especially when it has to do with the product or service you have offered. This builds trust and makes more room for business to

Related Documents

  • Decent Essays

    For Grant Enterprises new product, I think that they will find strategic planning, marketing function and decision making very useful for their meeting. Strategic planning is will help this corporation to learn how to develop how to distinguish themselves from their competitors (Sawyers, R., Jackson, S., & Jenkins, G. J, 2012). Marketing will have the company get there name out to the public, and decision making will require the company to put their best foot forward. Each one of these factors can have a major impact on developing a new product line for your business. Strategic planning is where you determine what sets your business apart from everyone else.…

    • 411 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Action Theory Of Success

    • 988 Words
    • 4 Pages

    Everyone goes through life trying to be successful; but what actually is success? It is very difficult to define success because it is subjective to the person experiencing it. For instance, to a little child, success could be getting a gold star on his test, for a college student, success could be not failing an exam. Many people, however, just think of success in terms of money. If they cannot buy the same things their neighbors can, they do not see themselves as successful compared to those neighbors.…

    • 988 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Becoming Successful

    • 924 Words
    • 4 Pages

    "If we do not take advantage of our opportunities, it is our own fault." (Thomas J. Watson). There is always an opportunity for everyone who live in the United States. No matter what race they are or how many money they have in their bank account, each, and individual of them have the opportunity to go to school to gain knowledge of how to become successful. Some people take the advantage of the opportunities by working hard and succeed, but some don’t.…

    • 924 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Dow Corning Essay

    • 1695 Words
    • 7 Pages

    By giving the consumers what they want will attract them more into buying from the company. Nonetheless, they must improve on the communication process. For instance, when ordering their product online the process should be very easy and simple to use. Communication is the key to being successful and if a customer does not effectively understand how to access the product they cannot consume…

    • 1695 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    How many mature responsible adults at the age of fourteen exist in the U.S.? How many have moved to a different continent at that young age, pressed to learn a new language in under a month in order to help their family adapt? How many young women have gotten a job younger than 16 in order to prevent her family from being homeless? Now how many of these children have thrived under these conditions both academically and socially? I may not know the statistics, but I am one of them.…

    • 654 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Lever Case Study Solution

    • 1344 Words
    • 6 Pages

    The company needs to conduct some market research and identify the preferences of the target market before they develop the marketing plan. This should provide the customer with a highlight of the product to gain more customers. (Perreault, Cannon, & McCarthy, 2014 pg 640) The customer preferences may vary according to their culture. It is important to understand the different preferences of consumers.…

    • 1344 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    Purple Cow Case Study

    • 1085 Words
    • 5 Pages

    Target such otakus in businesses raise a purple cow as the enthusiasts become your greatest promotors. Customer is your king. Try to address customer’s issues and problems which even they don’t highlight. Be obsessed about your customers and know them in and out.…

    • 1085 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Being Successful

    • 711 Words
    • 3 Pages

    There are many important things in people’s lives that need to be improved and taking care off to be successful, and to achieve the goals that they are willing for. According to President Obama, there are three main things that a person should focus on to be successful, which are education, talents and skills, and most importantly is responsibility. Education is very important in one’s life because through education that person will be able to reach succeed and achieve his goals. By being educated, people will be able to be accepted in high level colleges and universities. Also, they will be able to get an improved job that would be much better than the one that an individual will get without an excellent education.…

    • 711 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Philosophies Of Success

    • 315 Words
    • 2 Pages

    Personal Philosophy of success Every age has own definition of success. As we become older our definition of success changes also. When I was a little kid I always wanted to have more toys than other kids. I have had a desire to get many toys and candies much as I can, and that was my plan to become successful.…

    • 315 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    www.StudenteHelp.com MKT 571 Week 6 Quiz 1 Which of the following refers to the ability to meet humanity's needs without harming future generations? • Sustainability • Greenwashing • Ecological footprinting • Scalability 2 ______ is an obligation to act in a way expected of a reasonable person. • Reliance • Liability • Litigation • Duty Find the quiz answers here MKT 571 Week 6 Quiz 3 Your firm has decided to enter the international market with your product called Trema, a combination of a pocket organizer and cell phone. Even though the product has been a huge success in the home country, market research suggests some changes may be required before it can be introduced in Europe.…

    • 1072 Words
    • 5 Pages
    Decent Essays
  • Great Essays

    Airasia Case Study

    • 1214 Words
    • 5 Pages

    I. INTRODUCTION a. Objectives and Scope AirAsia is a malaysian low-cost airline. It scheduled domestic and international flights and is Asia’s largest low fare airline. Nowadays, MIS is a significant factor that influence the airlines system. In this article, the writer will focused on the online booking department that generized with the MIS system.…

    • 1214 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Every company strives to achieve excellent customer service standards. A company that is known for delivering exceptional customer service will often find that this can increase interest in their company and products. By letting the customer know what you are willing to do for them and what service you will provide for them you can set an expectation, by setting this expectation you can then exceed this as company.…

    • 937 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Coca-Cola

    • 1156 Words
    • 5 Pages

    No business flourishes without the help of other, networks, advertisers, sales staff, and employees. Networking is fundamental when it comes to business because it leads to successful business in the future. Without advertisers, businesses would not be able to promote themselves. One of the many crucial steps in a successful business is having a sales staff to sell to the public. An essential part of businesses is to hire employees to help complete the objectives within the community.…

    • 1156 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Video Marketing: Although there are several ways to market your business online, video marketing has emerged to be one of the most effective ways and according to the data it is twice as effective as other kinds of promotions. You should use a variety of marketing techniques and video marketing should definitely be a big part of your marketing strategy. Videos used for your internet marketing strategy need to be engaging, short and effective. Videos should be made around keywords or key phrases that will be relevant for a long time.…

    • 788 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Winston Churchill once said, “success is not final, failure is not fatal: it is the courage to continue that counts.” This is such a true statement. There are many roads that can lead you to success. Even if you fail once, twice, even three times, there will always be an alternative to reaching your goal. Through three people, different ideas of success are conveyed.…

    • 1296 Words
    • 6 Pages
    Improved Essays