Marketing Mix

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Marketing mix is a term often used in marketing that‭ ‬focuses on the mixing of a variety of factors in marketing strategies,‭ ‬in ways that both targeted consumer groups are reached,‭ ‬as well as organizational objectives are reached.‭

As of the moment you may‭ ‬already have started your online business but not sure as to how you can attract customers.‭ ‬The key to attracting customers is to come up with a marketing mix that is sure to win sales and at the same time sustain your online business while growing your customer base.

Here are some steps to create a marketing mix that will get your business off to a good start:

1. Identify your target market.‭ ‬To come up with a good marketing mix you need to start by writing a clear description of ideal prospects.‭ ‬If you are targeting individual customers,‭ ‬then your marketing mix should include gender,‭ ‬age,‭ ‬and any other qualifying criteria that are important.

2. Your marketing mix should include goals and budget.‭ ‬Before you formulate your marketing mix you need to have a clear picture of what you want to achieve.‭ ‬What do you want to achieve from your marketing mix‭?‬ What is the end‭ ‬result you want to see‭? ‬Say for‭ ‬example you get around‭ ‬300‭ ‬sales a month.‭ ‬An aggressive marketing mix is needed if you aim for‭ ‬500‭ ‬sales a month.‭ ‬Your end result should be measurable and at the same time realistic.

Some techniques for your marketing mix may require out-of-pocket expense while other strategies are free.‭ ‬The capital required to launch an online business will depend on how established your competitors are,‭ ‬how easy it is to reach your target‭ ‬market‭ ‬and the cost of media required to reach your target market.

3. Choose your tactics.‭ ‬Your marketing mix should focus solely on your target market.‭ ‬Chose a strategy‭ ‬that‭ ‬will reach your target audience with a little waste and will directly help you achieve your marketing goals.

As a new business you are in dire need‭ ‬of new customers.‭ ‬Choose a strategy that will reach your prospects.‭ ‬Your marketing mix should include‭ ‬where you will advertise,‭ ‬which search engine you will use,‭ ‬online directories,‭ ‬etc.‭ ‬If money is tight then it would be better if you can pay attention to affordable tactics that would surely reach your prospects.