Marketing refers to selling or distributing of goods and services to your clients or other businesses. Marketing offers an invaluable avenue for many business enterprises to put their goods or services out in the market where people can buy them. There are many ways a company can market its goods. Marketing can be done online or offline.
Why is it so important? The following 25 reasons will help you know.
1. To distribute goods/services.
Marketing helps companies/individuals put their goods or services out in the market where clients can know about it.
2. To widen your market.
Marketing techniques ensure that many people are aware of a certain product hence, widening its market.
3. To establish new links.
While marketing goods, new individual meet and exchange ideas resulting in the creation of new business links.
4. To win trust.
When goods are everywhere in the market, people can use them frequently which means, people will trust such goods more than those that are not advertised.
5. To become dominant.
Exceptional marketing skills can make a product likable hence dominating its niche.
6. To increase sells.
Marketing ensures many products are poured into the market for resulting to mass sales.
7. To get the word out.
Marketing makes people aware that a particular product is available in the market for purchasing.
8. To promote the company name.
Marketing puts the company name out there for clients to recognize it.
9. Healthy competition.
Even though marketing methods differ, in its basics, marketing levels the advertising field enabling all companies to put their goods on the market.
10. To learn your metrics.
Marketing helps companies understand their metrics to make their marketing campaigns profitable
11. To build a social asset.
Marketing helps companies come up with a list of potential clients they can sell their goods to when the time comes.
12. Helps you learn about your market.
Marketing enables companies to know where most of their clients are based.
13. Opens avenues for a marketer to learn.
Marketers learn valuable skills to become dynamic advertisers for the good of their companies.
14. You will know what works.
Marketing helps business owners know what clients likes and dislikes.
15. You’ll learn how to optimize.
Marketing helps companies be able to test and optimize their marketing tactics to reach a wider audience. This involves coming up with catchy titles.
16. Helps in building a powerful brand.
Marketing makes your product a powerful brand since very many people have access to it.
17. Amplifies what you do.
Frequent marketing makes people aware of what you do and you’ll no longer need to explain to people every other day.
18. Creates more jobs.
Marketing creates job opportunities for marketers and advertising agencies enabling them to render their services for income.
19. Keeps you in the game.
Marketing of your goods enables you to put up a successful competition with others preventing your business from collapsing.
20. Keeps one informed.
Whenever changes occur in the market, you’ll be able to know quite early and make necessary adjustments.
21. Fosters unity.
Marketing involves human interaction which promotes peaceful coexistence among business individuals
22. Promotes national development.
While marketing, there are some charges, commissions or taxes involved that the country relies on for development.
23. Prevents deterioration of goods.
Marketing ensures many products are sold out, and this means, very few products will go bad.
24. Sharpens brains.
Marketing needs one to be dynamic where competition is stiff. This leads to marketers thinking beyond the obvious to succeed.
25. Improves efficiency.
Marketing helps companies to do away with errors prevalent in the goods.
Currently, there are very many goods and services out there. Without marketing your products, a very minimal percentage of people will buy them.