Marketing Essay

For any entrepreneur, marketplaceing is an important component for the success of all commercial enterprisees. Marketing can be identified as the performance in which any business informs, satisfy and keep possessions of its customers. It is the main ingredient to bringing in customers to maturation profits for a business. Many may think that marketing is as simple as advertisements and promotions unless in the real business world to be successful, marketing is a bit more complex. A business needs a solid marketing plan to succeed and similarly to show the investors the political party is able to return the investment the investors have given.For an entrepreneur to master the marketing skill the individual must(prenominal) understand the marketing fluff. Marketing mix is the combination of the chemical elements of marketing and what roles to each one element plays in promoting your crops and operate and delivering those products and services to your customers (about. co m). Elements of Marketing Mix The marketing mix has four elements and until recently there have been a few in the buff added elements which atomic number 18 referred to the 4 ps or the 7 ps of marketing mix.The 4 ps of marketing argon product, place, price, and promotion and the additional ps argon process, heap and bodily evidence. When looking at it from a business reason of view it make a lot of sense because even though the added ps can be explained in the original 4 ps, they each can stand alone. For instance process can be looked at as the protocol employ by businesses for the marketing strategies and people can be seen as what they used to explain in debt the product or services.Last but not least physical evidence is what most consumers today go by which shows firsthand that a product or services does work. Product is the product and services offered to your customer, and how they are different from the competitors products. Businesses also have to make sure when offer ing a product to their customers it has to have the square up features meaning it must look good and work well and have enough to go around. expense is described as how you price your product or service so that your price remains agonistical but still allows you to make a profit.In pricing businesses should also keep their targeted market in mind ensuring it is affordable to them and potential future customers. Place is describe as the statistical distribution or where your business sells its products or services and how it gets those products or services to your customers. Place is very important because a business would desire to make sure that their goods and services arrive when and where they are needed. For the promotion element it is the methods used to communicate the features and benefits of your products or services to your target customers.In today market promotion is made easier because your targeted consumer can be reached by the push of a button. With that macroco sm said businesses should keep technique and deliverance of the product and services offered into friendliness also. The fifth p in marketing mix is described as people and is how your level of service and the expertise of the people who work for you can be used to set your business apart from the competitors. With the absolute majority of products and services being offered by the click of a button, most consumers tend to rely on reviews to help oneself them decide.If the business does not have the right people that look superior and have good morals with the knowledge of the product or services they are selling it can hurt the business extremely. Which brings us to the saying a first impression last. Organization The Atlanta groom and beauty supply familiarity or ABBS is an organization that supplies barber and beauty shops all around the country. They have been in business fortune professional barber shops since 1946 with new, used and antique barber supplies and equipment .It is specifically marketed to the licensed barber or beautician shop owners. Just like any other organization ABBS has used the four elements of marketing mix to assist in the marketing strategy. For the product element the fellowship has shown how each of their products are of great professional quality and last for years. Even though they sell top quality products, they also nominate land end products for those that maybe not willing or able to spend as much. They sell the equivalent products as their competitors but they have a wider variety of clippers and shears in downslope that are antiques.This allows them to provide their products to a larger consumer group from the erstwhile(a) shops to the younger and ever changing shops. The society takes pride in having any kind of hair products in stock. Some barbers have specialty shops that only cater to an older market and likes nostalgic products and equipment to make their shop look and feel like the barber shops of the past, and ABBS has these products and items in stock and can ship them anywhere all around the world.This element does not affect the development of the companys marketing strategy because it helps it by making sure the company keeps plenty of stock of their products. This element also gives the company a reason to look at other countries hair products to see what new products are being made and used in that country that can be sold to that market in the future. In the price element this affects the marketing strategy of the business by making the company decide how to price their products without making the price to expensive but root forive to customers to gain more customers than the competitors.The prices for the products are at competitive rates but lower than other barber supply companies because they give discounts to the owners of the barber shops. They also give a discount on shipping on all items purchased $60 and over. That is a strategy to bring in and keep more custome rs to use their mesh website. The place element/distribution element for the ABBS is placed in 186 Mitchell St. S. W. Atlanta, GA that is the main building set for distribution of all barber and beauty products. The company utilizes its internet website by offering its products via e-commerce to a worldwide market.This affects the companys marketing strategy and tactics in a good way by broadening their market to attract more customers. The more the clients they can generate worldwide the more the companies profits will increase. The internet is the exceed lance to advertise a business and its products these days, because of its power to reach a mass amount of people around the world in a matter of seconds. They also use catalogues to keep their existing customers updated on new products and price and can also be a good way of keeping them in the loop of new adventures to come.In past years the radio and TV ads were the top marketing tool for businesses, but it came with an expe nsive price to get a radio or TV ad moorage it also only reached a local market so small businesses were stuck only doing business domestically. The internet made it easier and cheaper for mainly anyone to advertise anything to anyone all around the world. Now the company distributes its products from the main building in Atlanta to thousands of clients in many different countries. The ABBS Company has developed policies for its internet clients that are overseas it also ships to APO/FPO addresses.In the promotion element the company communicates through the internet to advertise its products it also sends out catalog magazines to all new barbershops that are listed in the phone books of each city. The company is a top calculate when searched on Google. ABBS promotes the business in all forms of the marketing aspect, from newspaper ads, magazines, radio/TV ads, and the internet. Conclusion In conclusion new entrepreneurs understand that the marketing mix is a good tool to use when provision the marketing strategy of the business.It shows that these strategies are ever evolving with time and for a business to be and keep being successful their approach to cater to their consumer must also evolve. After identifying the four elements of marketing mix which are product, price, place, and promotion I was able to describe how each element affected the development of the companys market strategy and tactics. I also described how each of the four elements was implemented for the business, and identified the manufacturing in which ABBS exists.