explain in marketing in simple words

If you want to do any business today, then you must know about marketing. Let us try to explain marketing in simple words. If marketing is explained in simple words, then marketing is the process by which you show a product or service to a particular person and motivate him to buy that product or service.

Importance of marketing in simple words

After understanding marketing in simple words, let us also understand why marketing is important. Marketing is a very important subject. It plays a vital role in the growth of any business or organization or we can also say that it is their backbone. Let us try to understand it through some points which are like this.

1.Reaching customers and understanding their needs :–

When you market a product, you reach out to customers who can buy and use the product. This also helps you learn what the customer needs so that you can solve their problems in the future and maintain customer trust in you

2.building brand identity :–

When customers or users use your product or service and start liking it, then gradually your brand will start getting a distinct identity and then your product or service will be known in the market by the name of a brand

3. Increase sales :–

Marketing also plays a vital role in increasing sales of a product or service because when you market, you become visible to the users and they use your product, which gives them satisfaction and people buy more of it, which leads to business growth

4. Staying competitive :–

Marketing always keeps you in the competition. When your product is launched in the market, it is important for people to remember that your product is also in the market. Not marketing reduces the visibility of your product and your competitors move ahead of you, hence marketing is important.

5. building long term relationship :–

Another benefit of good marketing is that people stay with your business or organization for a longer period of time, which strengthens your relationship with people

Types of marketing in simple words

There are many types of marketing in the definition of marketing in simple words, but the ones which are considered main or which most people know are of two types.

online marketing :-

Any product or service that can reach people is called online marketing or digital marketing. Some examples of this are:- social media, email, SEO, online advertising, affiliate marketing, etc.

offline marketing :-

We can make any product or service accessible to people without the internet, this is also called offline marketing or traditional marketing. Its examples are like this:- pamphlet, event, shows, sponsorship, newsletter, billboard etc.

4 principles of marketing?

Although there are 7 factors in marketing in simple words, but here we will talk about only 4 factors which are important.

1.product :–

This means that whatever product or service you want to sell should be according to the needs of the people or customers, keeping this in mind, select the product or service.

2.price :–

After selecting a product or service, the next step is pricing. Whatever cost is incurred in bringing the product to the market and the percentage profit you want, add it all and fix the price by adding all this and keep in mind that the price should not go beyond the budget of the customer, this has a negative impact on the product.

3.place :–

Choosing the right place to sell a product is also very important. For this, you should choose a place where your customers or consumers can easily or face minimum difficulties in reaching your shop or website if you have an online shop.

4.promotion :–

Promotion plays a vital role in selling a product or service. It helps you reach your customers through various means. This allows you to target the audience you want to sell your product to, and it has many benefits

In this heading we learned that there are 4 factors of marketing in simple words, are you interested to know its 7 factors, if your answer is yes then click on the link

Conclusion :–

In this article, we will understand marketing in simple words and learn how to market a product or service to sell it, what are the factors that need to be known and what role they play, and what important things we should learn from it.

In this heading we learned that there are 4 factors of marketing in simple words, are you interested to know its 7 factors, if your answer is yes then click on the link