In the basics of marketing – the marketing mix is defined as being comprised of 4 components – Product, Price, Place and Promotion. As in any other effort – focusing on the basics will result in a firm foundation from which to grow. Developing a solid product or service offering, developing a sound pricing strategy, providing convenient access to your services and promoting it effectively will lead to success. The marketing mix is often summarized as “The right product at the right price in the right place using the right promotion”. It’s important that all components of the marketing mix be given their just attention. Focusing on one or two components while ignoring others will result in a less than effective service offering. The marketing mix is referred to as the 4Ps of marketing:
- Product – In terms of marketing mix the overall auto repair service offering is referred to as the Product or Customer Solution. As in all endeavors applying the basics will ensure a firm foundation from which to achieve long term success … Read More >>
- Price – One of the components of marketing mix is Price or Customer Cost. Setting prices for services involves taking many factors into consideration … Read More >>
- Place – One of the most important components of marketing mix is Place – or from the perspective of the customer Convenience. All other factors being equal this can be the determining factor in whether or not business is won … Read More >>
- Promotion – One of the most important and unfortunately most often overlooked aspects of business management is marketing. In the formulation of a marketing mix – this component is referred to as Promotion or Communication. The effectiveness of marketing messages employed can make the difference between success and failure … Read More >>
