The 4Cs for marketing communications: Clarity; Credibility; Consistency and Competitiveness. What is it? The 4Cs (Clarity, Credibility, Consistency, Competitiveness) is most often used in marketing communications and was created by David Jobber and John Fahy in their book ‘Foundations of Marketing’ (2009).
What are the 10 types of products?
- Convenience Products
- Shopping Products
- Specialty Products
- Unsought Products
- Raw Materials
- Component Parts
- Capital Goods
- Major Equipment
What are the six strategies to attract customers?
- Offer quality products
- Cultivate good people skills
- Know your customers
- Use attractive packaging
- Let customers try samples
- Be willing to change
How do you create a brand partnership?
- Create common goals
- Promote your partner
- Check for engagement
- Bring new value to customers
- Focus on solving a problem
- Compare brand descriptions
- Dig into persona data
- Join and conquer
What is the PLC in marketing
A product life cycle is the amount of time a product goes from being introduced into the market until it’s taken off the shelves.
There are four stages in a product’s life cycle—introduction, growth, maturity, and decline.
What are the 3 types of co-branding
The forms of co-branding include: ingredient co-branding, same-company co-branding, national to local co-branding, joint venture co-branding, and multiple sponsor co-branding.
What is 4P product
The four Ps of marketing are: Product: What you sell. Could be a physical good, services, consulting, etc. Price: How much do you charge and how does that impact how your customers view your brand?
Place: Where do you promote your product or service?
What are the five steps to launching a product?
- Understand your Market
- Define your Target audience for the Product
- Identify your Goals
- Develop and Test your Product
- Create a Marketing Plan
How do you create brand collaboration?
- #1: Identify Your Campaign Goal
- #2: Find the Right Collab Partner
- #3: Understand Your Value (& What You Bring to the Table)
- #4: Reach Out the Right Way
- #5: Be Open to Negotiate
- #6: Leverage for the Best Possible Results
- #7: Get Flirtatious
Why do new products fail
So many things contribute to new product failure: bad design, poor user experience, sloppy implementation, feature creep, and lack of quality control.
Microsoft alone has several examples of how poor execution affected their product’s performance on the market.
What is umbrella brand name
Umbrella branding (also known as family branding) is a marketing practice involving the use of a single brand name for the sale of two or more related products.
Umbrella branding is mainly used by companies with a positive brand equity (value of a brand in a certain marketplace).
What are basic brand elements?
- Brand Position
- Brand Promise
- Brand Personality
- Brand Story
- Brand Associations
How do you sell to customers?
- Find customers
- Plan your approach
- Make initial contact
- Confirm specific customer needs
- Select the appropriate product or service
- Make the sales presentation
- Handle objections
- Close the sale
How do you convince customers?
- Be natural and do not use scripts
- Ask about the clients’ well-being
- Use names while talking with a client
- Prove that your products are better than those offered by competitors
- Keep initiating further conversation
- Specify the positive characteristics of the customer
- Act on emotions
What is the best way to promote your business?
- Take advantage of local listings
- Use social media
- Create engaging content
- Optimize your website’s SEO
- Create press releases
- Get involved in an online community
- Use high-quality visuals
- Pay for advertising
How do you introduce a new product to a customer?
- Define a selling point
- Gather support
- Show enthusiasm
- Train your team
- Let your team demo the product
- Schedule a launch date
- Control your product’s life cycle
- Prepare a mission statement
What are the five product levels?
- Core benefit: The fundamental need or want that consumers satisfy by consuming the product or service
- Generic product:
- Expected product:
- Augmented product:
- Potential product:
What are the steps to launch a new product?
- Define Your Target Audience and know how to reach them
- Know The Problem You’re Solving
- Understand The Buying Journey
- Secure Your Online Identity
- Validate Your Product
- Know Your Competition And Be Different
- Lay Out A Comprehensive Strategic Plan
- Create Brand Voice Guidelines
What level of product is Coca Cola
Coke is categorized as a convenience product that is bought very frequently.
Sources
https://pubmed.ncbi.nlm.nih.gov/2001266/
https://www.profitwell.com/recur/all/product-line-pricing
https://boycewire.com/consumer-goods-definition-types-and-examples/
