What exactly is marketing and why is it important to you as an entrepreneur?

Simply stated, marketing is everything you do to place your product or service in the hands of potential custom.

"If a young man tells his date she's intelligent, looks lovely, and is a great conversationalist, he's saying the right things to the right person and that's marketing. If the young man tells his date how handsome, smart and successful he is — that's advertising. If someone else tells the young woman how handsome, smart and successful her date is — that's public relations."

S.H. Simmons

Sunday, November 27, 2011

Product, Services and Branding Strategy

Products, Services and Experiences  A product is anything that can be offered in a market for attention, acquisition, use, or consumption that might satisfy a need or want.  Service is a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in ownership.  Experiences represent what buying the product or service will do for the customer.    Level of Products and Services  Core benefit: show the accurate time Actual product: Swatch, high quality that meet the Swiss watch standard, young and stylish design, packed in high-quality...

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