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Business Plan Tutorial:
Tools to Help You Launch Your Own Business

 

The Marketing Mix for Your Business

 

The marketing mix is one of the fundamental tools of marketing. The marketing mix -- sometimes referred to as the 4 P's -- includes the product, price, promotion, and place (distribution).

 

1. Product
  • Goods/Services provided
  • Individual items vs. bundled items
  • Breadth vs. depth of items

 

2. Price
  • Set vs. variable prices
  • Customary (industry standard) prices
  • Pricing strategies (odd pricing, peak load, discounts)

 

3. Promotion
  • Traditional: advertising/public relations
  • Tools beyond Yellow Page ads
  • Tools beyond advertising
  • Direct mail/Direct email
  • Guerilla/viral marketing tactics
  • Social media marketing

 

4. Place/Distribution (for Goods)
  • Sold direct (own store, Website) or through distributors
  • Types of retailers used (small, category, supercenters)
  • Physical handling of product from manufacturing to store

 

 

 

Lost? Go to the Map of the Business Plan Tutorial: Tools to Help You Launch Your Own Business.

 

Have you checked out the rest of the great Entrepreneur & Entrepreneurial Resources offered on Quintessential Careers?

 

 

Have you checked out the rest of the great free career and job-related tutorials offered on Quintessential Careers?

 

Maximize your career and job-search knowledge and skills! Take advantage of The Quintessential Careers Content Index, which enables site visitors to locate articles, tutorials, quizzes, and worksheets in 35 career, college, job-search topic areas.

 


 

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