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With the proliferation of the Internet, the meaning of the
word "marketing" also seems to proliferate. Cyberspace
has opened up a whole arena of new marketing technologies,
techniques, and twists.
Many times, ill-conceived notions and perceptions reduce the
meaning of the word "marketing" to a shadow of it's
true self. Many see marketing as a series of tactics or gimmicks.
Some define marketing as pyramid programs and the like. Others
treat the words "marketing" and "sales"
or "marketing" and "advertising as synonymous.
None of these adequately convey the definition of marketing.
The marketing definition hasn't changed. So what has? What
has changed is the business environment. Companies compete
with more efficient technologies. Customers have better access
to their cost options and they communicate to each other in
ways not conceivable in the pre-Internet age. In some industries,
the Internet has lowered the cost of entry so that entrepreneurs
- many times from a home office - have entered the competition.
The changes in competitive environment are numerous.
What have also changed are marketing strategies and the marketing
programs we have available to implement those strategies.
These have changed, but the basic marketing definition has
not. Superior marketing is and always has been analysis, then
action. It is strategy development, then logical and thought-out
tactical implementation. It is the way to customer satisfaction
and increasing profit.
The steps to successful marketing and implementation include
analysis of your customers and the business environment in
order to identify key opportunities to better and more profitably
meet customer needs. Armed with that information, you determine
how to act on those opportunities, and implementing your plan.
It remains Analysis and Action.
The process doesn't have to be cumbersome. Five-year plans
and novel-length documents are not required. The logic of
the action is what is important. By applying the basic marketing
process, choosing the best marketing tools at your disposal,
rather than a tactic here and a technique there, your chances
of success skyrocket.
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