It is very important for every person who wants to launch a business – big or small – to be familiar with marketing.
There are 4 P’s in marketing, which are very important for every business owner. These are product, price, place and promotion.
First, you need to make a product that a specific group of individuals need, put it at the right place where your target market visits frequently, at a price which represents value to them and make sure that they are aware of the availability of this product.
The videos below will give you a better understanding of the 4 P’s and why they’re important to every business owner.
Product
Price
Place
Promotion
While the 4 P’s are a necessary part of marketing, it is important to note that there are several other factors and elements to note before launching a product/service.