Marketing 101 | Important Components of Successful Marketing
Marketing can be a difficult thing to master, whether for your own company or as an employee or consultant for another company, but that doesn’t mean that it’s impossible. It simply requires that you know what to do and when.
Successful marketing requires a deep understanding of the customer. Who are they? What do they do? Where do they live? Knowing the answers to these questions can help you to not only target and reach them better, but can help you to create a better product in the first place. This “better product” should meet their needs, fulfill their wants, and serve a purpose. That purpose is referred to as “utility”, and that simply means the end use the buyer gets from purchasing your product. This can also relate to a service, but utility will mean something different and is often not used to describe a service.
Marketing also requires that you sell and promote your product/service, but knowing your customer is a step that needs to take place before you can sell or promote. With a product that no one wants or that no one will use, what reason do you have to sell or promote? (Not much…) Do your research and figure out what the customer wants. There are two types of research: Quantitative and Qualitative. The fist type of research measures numbers, figures, occurrences, etc. There is no reasoning applied here, nor are intentions taken into account. The latter type of research, Qualitative, does measure things that cannot necessarily be measured in numbers or occurrences. Qualitative research looks more at “why” something occurs instead of simply that it occurred, as quantitative research analyzes.
From there, there are two methods of research: primary and secondary. As their names suggest, primary research is research conducted by the company/individual for the company/individual’s use, and secondary research is research referenced that was completed by another party. Both types of research are valid and useful. Choosing which one to utilize is simply a matter of preference, cost, and time constraints.
After you’ve conducted your research, whatever that may be and however it was conducted, put together buyer personas. These can greatly increase your chances of targeting the correct buyers/audiences. Make as many as you deem necessary and use these to make your target audiences more tangible and approachable.
This first step in marketing is crucial to the rest of the marketing process’ success. The selling and promotion of products to the wrong market are usually futile efforts, so prepare early and plan to succeed.


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