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Marketing Mix should present
consistent message
Written by Shirley Lichti for The Record,
July 16, 2003
Although there have been articles written
suggesting that the concept of the marketing mix is in need of updating,
it still stands as the heart and soul of most marketing plans.
Often called the 4Ps - representing Product,
Price, Place and Promotion - the marketing mix represents the decisions
and tactics that need to be implemented to ensure products or services
are successful.
Deliberation is given to each element, with
managers creating products and services that meet the needs of target
customers, setting prices that are perceived as fair, designing
distribution channels to deliver products or services, and ensuring
promotions are in place so consumers hear everything about the other
three Ps.
While each element is important, the question
remains, "Is my marketing mix effective?" Below are some questions
for you to think about as you analyse how well your marketing mix
is working.
Are all elements consistent with
each other?
If your product is high quality, does the
price reflect it? Are your promotional materials also of high quality
or do they look like you whipped them up yourself and ran off copies
on a cheap printer? Each element in the marketing mix must work
well with the others.
As an example of keeping elements consistent,
consider Laura Secord, the Canadian specialty chocolatier. It sells
its high end products in its own retail stores, plus via department
stores such as The Bay, grocery stores like Sobeys and drug store
chains such as Shoppers Drugmart.
Although it has been wooed to supply giant
discounter Wal-Mart with boxed chocolates, it has resisted. The
reason? Wal-Mart sends a low-price message and Laura Secord chocolates
are priced at the high end of the scale. The company feels that
its brand image would suffer by adding Wal-Mart to its distribution
channels.
Does the mix meet the needs of my
target market?
Think about your customers and their needs
and wants. Are they bargain hunters or do they buy only the best
products and services? Do they demand custom-made products or are
they happy with one-size fits all? What are their unique requirements?
Haeir Group, a Chinese manufacturer of white
goods, has managed to achieve nearly a 50 per cent share of the
North American compact refrigerator market by understanding and
meeting customer needs.
Most people who buy compact refrigerators
are college students. Because they usually have very small apartments
and also use computers, Haeir introduced a compact refrigerator
with two wooden flaps on the sides that can be folded out to make
a computer table. Students can put a computer on the refrigerator.
And the flaps can be folded back down when extra space is needed.
Is each element being used to its
best advantage?
Is there one aspect of how your product or
service is designed that stands out? For example, does it offer
outstanding quality or exceptional value? Are you getting as much
mileage as possible from those unique attributes?
At one time, pantyhose were only sold at
department stores. In 1969, Hanes introduced L'Eggs pantyhose in
distinctive plastic egg-shaped packaging.
The product name and the package provided
a play on words, helping to boost awareness. And L'Eggs could be
purchased in grocery stores, making purchase very convenient.
With its innovative packaging, unusual name
and unconventional distribution channel, L'Eggs become the best-selling
pantyhose in the U.S.
Does the mix build on organizational
strengths?
If your company's strength is in research
and development or innovation, your promotions should reinforce
product announcements resulting from these efforts.
Brick, a Waterloo-based brewery, introduced
beer in 16-ounce (473 ml) brown plastic bottles, that chill faster,
stay cold longer, are lightweight and unbreakable.
The fact that bottles are unbreakable is
critical because it allows Brick to expand distribution to outlets
where glass bottles are prohibited, such as university residences,
sports events and concerts. It also lets the company compete with
canned beer without having to invest in expensive canning equipment.
Brick is the first Canadian company to put
beer in plastic bottles, a fact it promotes in all its advertisements,
thus capitalizing on its reputation for innovation.
Does the mix create a distinctive
personality in the marketplace?
Your marketing mix should help you establish
how you are different from competitors and position your product
or service in the minds of consumers. For example, when you think
of Volvo, you think of safety, while BMW is associated with performance
and Mercedes has become synonymous with luxury.
Branding experts sometimes go through an
exercise where they ask, "If this product were a person, what type
of personality would it have?" A Mercedes might be an older, affluent
man, with an executive position, who seeks comfort, buys only the
best products and is status-conscious.
By creating a distinctive personality for
your product or service, you will help to attract people whose actual
or desired self-image match that of your brand.
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