Our Marketing Advisor
John WargoThe eight functions of marketing:
  1. creating awareness
  2. building traffic
  3. generating leads
  4. qualifying leads
  5. selling directly
  6. providing service
  7. customer dialogue
  8. building loyalty.

Keep marketing simple: Think of the four P's. Although marketing seems to be mostly about promotion, you have to know your product, understand what is behind the price, and work with all the sales channels, or the places where the product is sold. So, the four are:

  • Product. What is your product? How does it compare?
  • Price. What is your price? What are your costs? What are your projected campaign costs!
  • Place. From where is the product being sold?
  • Promotion. What's your offer? What is the pending event?

If you have these four things, you have a marketing plan. Now what you need to make sure of in the marketing plan: that your price adds value to your product; that the place you sell it is convenient; and your promotion tells the people what the value is. You don't have to make it complicated; but if you don't do a marketing plan, you aren't going to succeed unless it's pure luck. And if it's pure luck, you won't be able to repeat it because you don't know what you did.

You have to know whether you're winning or losing.

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