12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Marketing planning is a comprehensive process in which companies determine the strategies, objectives, and actions they want to use to achieve their business goals. It also includes analyzing the market and competition and developing a positioning strategy. Marketing planning components also include identifying target customers, determining pricing and promotion, and establishing a media plan.
12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A marketing agency is a company that provides marketing and advertising services. It can offer a variety of services, including strategy and creative planning, media planning and buying, online marketing, social media marketing, public relations, and event planning. A marketing agency works with companies to achieve their goals and objectives by creating a series of campaigns that fit the company's specified target audiences.
12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The marketing mix is a strategic tool used by companies to position a product or service in the market. It is a combination of the four Ps: product, price, place and promotion. It is a basic approach to developing a strategy to market a product or service. The four Ps can be used to ensure that the right combination of products, prices, placements and promotions are chosen to enable successful marketing.
12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A marketing concept is a collection of strategies and measures used to promote a specific product or service on the market. It describes the objectives, customer base, positioning, marketing strategy and planned communications. It may also include a detailed budget and timeline. It is used to ensure consistent and effective marketing that promotes the success of a brand.
12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Attraction marketing is a marketing strategy that focuses on attracting customers to a company's products or services, rather than relying on traditional methods of advertising and promotion. It involves developing relationships with potential customers, providing them with value and information, and building a level of trust and credibility. This strategy can be used both online and offline, and is often used in conjunction with other marketing tactics.