Marketing And see The Future Of Business

No matter what sort of business you’re concerned in there should be some selling concerned, after all the degree and aggressiveness of the selling can vary in line with the sort of business. selling will merely be outlined as no matter method takes place to create purchasers area unit awake to the product and services that the corporate should provide.

The customer or purchaser can be defined as industrial and other businesses [Business To Business] e.g. oil for lubricating machines, glass for the manufacture of bottles or steel for the fabrication of cars. In the case of Business To Consumer this is more easy to visualise as in the purchase of fizzy drinks at your local store, a kitchen table at the furniture showroom or a take away pizza from your local outlet.

If a company is mainly focused on the sales of products and services to other businesses, then this type of marketing has various characteristics attached to it such as…

o Longer Lead Times

o Multiple Decision Makers

o Higher Value Transactions

o Complex Contracts

o Lower Frequency Purchases

As there will be many other options that a company has in terms of where they are able to source the identified products and services, someone within the organisation will need to ensure that the company is and remains the preferred supplier. This in essence will be directed by the marketing function involving complex product education activities, supply chain discussions as well as customer to supplier meetings.

For the organisation selling to end user customers we see other general familiarities such as…

o Smaller Ticket Purchases

o Quick Purchase Decisions

o No Contract

o Individual Purchase Decisions

o Higher Frequency

… and the process of marketing will be developed accordingly which may include coupon marketing, contests and giveaways designed to foster customer interaction and conversation about the business.

As for the new technologies based around the daily extensive utilisation of the internet relating to…

o Reputation Management

o Search Engine Optimisation

o Social Media Marketing

o Website Design and Development

o Facebook Marketing

… this will need to be made use of in an appropriate fashion based on the nature of the business and needs of the purchasers. Social media should be used to create and nurture communities, promote products, develop customer engagement and in general be used to educate the marketplace at large.

With talk of Social Media mention must be used of the part that Facebook has to play for the promotion and development of businesses and its brand. First, it needs to be noted that there are billions of the population using Facebook, this by definition means that a percentage of your target market will be there ready to be marketed to.

On the other hand millions of businesses have setup Facebook pages looking to use this channel to market through which to build their business. Differing levels of success has been achieved using Facebook Marketing with many companies simply giving up on this method of digital marketing.

Social Media and Facebook are here to stay for the foreseeable future, many businesses simply do not have the internal expertise to know all that needs to be known in order to succeed with this medium. As marketing has to take place and Facebook has in some part to be used, for many it may be that the best course of action is to seek out partnerships with other business that have already developed the expertise that you need to take your own business forwards.