We provide future entrepreneurs our support with a professional business plan which is essential for their start-up. The report contains all the market research, marketing mix and financial sections. Starting a business with a solid finance depends on your persuasion to become a professional business owner and your power to sell your business USP’s. The guarantee we offer is an excellent business plan template with all the content.
Here we discuss the Marketing-mix, one aspect of the business plan template:
The marketing-mix is a business tool used in marketing and by marketers. The marketing mix is crucial when determining a product or brand’s offer, and is associated with the four P’s: price, product, promotion, and place. In service marketing, however, the four Ps are expanded to the Seven P’s to address the different nature of services.
Product: A product is seen as an item that satisfies what a consumer demands. It is a tangible good or an intangible service.
Place refers to providing the product at a place which is convenient for consumers to access. Various strategies such as intensive distribution, selective distribution, exclusive distribution and franchising can be used by the marketer to complement the other aspects of the marketing mix.
Price: The amount a customer pays for the product. The price is very important as it determines your company’s profit and hence, survival. Adjusting the price has a profound impact on the marketing strategy and, depending on the price elasticity of the product; often it will affect the demand and sales as well.
Promotion: All of the methods of communication that you may use to provide information to different parties about the product. Promotion comprises elements such as: advertising, public relations, sales organization and sales promotion.
In composing custom business plans for our clients we have more than 12 years of experience. We saw during those years the same general and sector specific questions from start-up and scale –up entrepreneurs. This made us decide to supply a general business plan format in Word with full back-up.
So, head over to our site and download a business plan template for your business idea.