One of the basics of all marketing and advertising training is a teaching of “Maslow’s needs pyramid”. Regarding the second argument ‘Marketing shapes consumer needs and wants.’ I have to also agree with this statement. There are various criteria that companies use to segment their products and some of them are geographic, demographic, psycho graphic and behavioral.
Just because one marketing theory works for one company or even thousands of companies doesn’t necessarily mean it will work for another company. They also need to distribute their products to the consumer and this means they will need a physical location like a store, or be a wholesaler and have others retail your products for you and also sell your products on the internet.
It is important to note here that the retention function of a marketing department doesn’t really overlap the retention efforts of a sales team. Marketers, through the ages, have identified who their customers are, and directed their efforts at influencing their buying decisions.
Other tactics that companies use to shape consumers needs and wants is to use celebrities or other famous people to sell their products. Marketers and salespeople work together to determine what consumers need and how to deliver it. Sales and marketing should motivate, inspire and feed one other.
How Does Marketing Create And Satisfy Consumer Needs?
Marketing to specific groups of consumers, or target marketing, is one of the most important concepts in marketing. One truly cannot exist without the other, but their skill sets are not the same – especially today, where advances in technology require the modern marketer to have a very specific, honed, and competitive set of skills that most sales people simply do not need to have.
Companies also take advantage of world events or changes in the economy to come out with new products. Unfortunately, most people settle on mostly one phone-based marketing activity – cold calling. I’d like to present to you a way to use Maslow’s needs pyramid so that you can get inside the consumer’s mind and develop an understanding of what’s truly motivating them as they consider purchasing your product or service.
After seeing so many television commercials and advertisements both on the Internet and on newspapers I have concluded that some companies construct their ads to create a need in the consumer’s mind even if originally they were not interested in the product.
Develop A Marketing And Marketing Communications Strategy And Plan For Small Or Midsized Companies
Planning for the year ahead is never an easy task. Companies also create brands and these brands have an effect on people’s purchasing habits. When we skip over strategy and start executing based upon abstract marketing theory, we’re shooting in the dark hoping we hit something, but we rarely hit the thing we want to hit.
Yes, many old-school salespeople (or go-getter small business entrepreneurs) are quite capable of drumming up business on their own, and may even have some tried-and-true marketing tactics up their sleeve – but … Read More...