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Offline Marketing Strategies

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Posted 13th February 2010 at 03:47 PM by monsur

The substance of any business is to trade services or products. A product or a service is conceived as there is a marketplace for it. This might either be present or a potential marketplace. With the market genuinely tough nowadays, firms are on the lookout for effective offline marketing plans. For advertising to be worthwhile, different plans for each marketing component ought to be implemented.
Product Strategies
A product is developed to respond to a certain need or desire. But, to forestall competitors, new functions or benefits ought to be added aside from its basic functions. This can include an increasing appealing color or the addition of a small feature. If the product is a rice cooker, for instance, a steaming rack might be supplied so that it is able to steam foods also. Variants can likewise be presented, like new flavors for juices. The packaging should be regularly amended or enhanced too, especially for consumer goods such as shampoos, toothpastes, canned goods, and breakfast cereals. These goods are regularly purchased by customers and are likewise made by a lot of contenders. Thus, repackaging will counter stiff rivalry. It will likewise steer clear of product fatigue or tedium on the part of the customers.
Promotional Strategies
Customers today are not only demanding but in addition discerning. They can afford to as a consequence of the availability of many goods from a mixture of brand names the market. To have an edge over a vying product or brand, offline marketing schemes that'll effectively promote the product should be implemented. The most effective advertising medium right now is the TV because people are glued to their Television sets for a typical two to four hours daily. TV advertisements should be creatively carried out to catch the interest of the prospective consumers and raise memory recall. The moneymaking models or item subscribers should also be appropriate to the target market segment.
Pricing Schemes
Pricing to high and under pricing can be both beneficial and bad for an item or service. Over-pricing may cause customers to shift to other makes while under pricing may convey an inferior caliber of product. As a consequence it is important that cost be properly studied to arrive at an optimal price. Social pricing can also be accommodated. This means that if the item is sold at high-end markets like dress shops and other exclusive stores, the item can be valued higher than its regular price. This strategy is more pertinent to non-essential or luxury products.
Product Channel or Distribution Strategies
The channels via which the item will reach the final users are, in addition important. Networking and multi-level marketing are hugely fashionable presently. Apart from the typical adverts in the form of TV and printing ads, the product can likewise be advertised and presented individually by dealers and agents.
Marketing is both a skill and an art form. Since the users are human beings, both their psychological and emotional faculties are concerned in choosing the specific brand, type, or model of items to buy. Thus, it is essential that efficient offline marketing plans be carried out to draw in customers and to keep their patronage.


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