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Why

Product Marketing Strategy helps manufacturers with product marketing, product strategy, and marketing strategy to maximize profitability over the product life cycle.

Marketing Mix Strategies

Marketing Mix Strategies

 

Marketing Mix Strategies are continuing to evolve from their original beginnings in the 1940s. It all began with the 4 Ps of Product, Price, Place and Promotion. In the beginning, the  marketing manager was known as the “mixer of ingredients”. Sometimes the recipe was fairly standard, other times it would be developed as  things moved along. Sometimes it was created from available ingredients and other times new ingredients were added.

In the continuing evolution of the marketing mix strategies, the 4 Ps grew to be 7 Ps and then 8 Ps. Other strategists came along and developed the 4 Cs of Consumer, Cost, Communication and Convenience. That, of course grew into the 7 Cs. Ps or Cs is more a question of perspective as the Product is the definition of the features of the product required to meet the needs of the Consumer. The same comparison can be made of Price versus Cost, Promotion versus Communication and Place (distribution) versus Convenience.

Marketing Mix Strategies is all about mixing the the Ps or Cs to create the product or brand offering. The goal of any marketing mix strategy is to mix the ingredients in a way that optimizes profitability over the product life cycle.

For more information on the Ps and Cs, click here.

 

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    head-and-sholders  Robert Cannon

       With over 30 years of expertise in marketing, and leadership, Bob creates innovative systems, 
       products and services for small to mid-size manufacturers. Contact Bob today for more information 
       on the Cannon Advantage services and solutions.