The study of marketing is one of the most important when it comes to business because it is all about getting the product or service to the hands of customers. No longer are people in the age wherein the needs and wants are created by the businesses and the establishments. These days, business has become more customer based and needs and wants are determined by the consumers. It is because of this that it is important to get marketing training courses to be better in doing business.
Now this study is quite a complex study because not only does it involve the study of business but also the study of the human psyche. So this art is actually a combination of business know how as well as a study of human psychology as well. Of course with this, it is important to take note of certain concepts that will be useful when one would actually go into the field and do business.
Now first up on the list of things to learn would of course be the right mindset that one should have when dealing with the customer. Unless a customer is already abusive or is breaking the law, then one has to remember that the customer is always right. Businesses run on their customers which means that they have to please the customers.
Now once one has already developed that kind of mindset, then the next thing to do would be to learn the theoretical concepts. First on the list would be market segmentation as this is one of the most primary of all concepts that one should be learning. Now the principle of this concept would be to always target a certain group or groups of people when pushing a product or service or when deciding strategies.
Now in order to segment a certain group of people, one may actually use demographics to know what kind of product will be good for what kind of person. Demographics would include age, gender, ethnicity, religion, income bracket, and educational attainment. This is used to group people so that one will know what kind of strategy he will use in order to push his product or his service.
Now after going to the demographic profile of the potential customer, the next thing that one should concentrate on would be the psychographic profile of the potential customer. This would now include the behavioral patterns of the certain target segment. Analyzing the psychographic profile would enable the marketers to know the specific movements of the target segment.
Now another very important concept that one should take note of is the product life cycle. As the name implies, it is a graph that would indicate the life expectancy of a product. The life expectancy is made of the start, the elevation stage, the plateau, the decline, and of course the end.
Now remember these are only some principles one can learn from courses. There are many more that one should know about if he wants to do business. Sometimes it is not about having a good product or service rather it is about marketing.
Now this study is quite a complex study because not only does it involve the study of business but also the study of the human psyche. So this art is actually a combination of business know how as well as a study of human psychology as well. Of course with this, it is important to take note of certain concepts that will be useful when one would actually go into the field and do business.
Now first up on the list of things to learn would of course be the right mindset that one should have when dealing with the customer. Unless a customer is already abusive or is breaking the law, then one has to remember that the customer is always right. Businesses run on their customers which means that they have to please the customers.
Now once one has already developed that kind of mindset, then the next thing to do would be to learn the theoretical concepts. First on the list would be market segmentation as this is one of the most primary of all concepts that one should be learning. Now the principle of this concept would be to always target a certain group or groups of people when pushing a product or service or when deciding strategies.
Now in order to segment a certain group of people, one may actually use demographics to know what kind of product will be good for what kind of person. Demographics would include age, gender, ethnicity, religion, income bracket, and educational attainment. This is used to group people so that one will know what kind of strategy he will use in order to push his product or his service.
Now after going to the demographic profile of the potential customer, the next thing that one should concentrate on would be the psychographic profile of the potential customer. This would now include the behavioral patterns of the certain target segment. Analyzing the psychographic profile would enable the marketers to know the specific movements of the target segment.
Now another very important concept that one should take note of is the product life cycle. As the name implies, it is a graph that would indicate the life expectancy of a product. The life expectancy is made of the start, the elevation stage, the plateau, the decline, and of course the end.
Now remember these are only some principles one can learn from courses. There are many more that one should know about if he wants to do business. Sometimes it is not about having a good product or service rather it is about marketing.
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