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Thank you very much for the invitation Sir Omar Saad Ibrahem.
Agree with the experts submission. We should have just to remember what Marketing really is and marketing is also selling - from the word selling, this equals to profit or earnings.
The objectives of marketing are usually to let potential customers in your target market know about your product or service and how it can benefit them, with a view to selling it in exchange for money. The corporation keeps the money, and the customer enjoys the product or service he has bought. marketing also focuses on developing new markets for existing products or identifying markets for new product lines so when no marketing there is no profit
Thank you for the invitation. Without marketing organization working on chance means.Rather, the following sales unstudied. And non-real. The profits do not exist.
Thanks for your invitation. Agree on experts answers.
As one of the most relevant aspects of Marketing Philosophy; creating awareness is very central & critical in marketing. It is through creating this awareness that consumers & potential consumers or publicare put to task to inquinsitive as far a product marketed is concerned. However there are some small incidences where some small business are operating successfully without enganging in marketing activities thus just the "word of mouth" has facilitated this, but it is very important for companies & organisations to engage in marketing activities
At the highest level, profit-driven marketing means moving digital marketing from a cost center to a profit center and extracting as much profit as possible out of your marketing spend. These marketers ignore traditional efficiency metrics and chase dollars to win more customers.
Sounds great, right? Who doesn’t want more profit?
Shifting to a profit-driven mind-set is within the grasp of all good digital marketers. It just requires a willingness to approach familiar prob |lems in new ways. Here’s how you can measure, bid and budget like a profit-driven marketer.
1. Measure beyond the conversion
2. Bid for profit, not efficiency 3. Capture demand in the moment
Questions for your team
The shift to a profit-driven mind-set won’t always be easy. It’ll require buy-in from a variety of stakeholders within your organization. The pitch can be easy (“more profit!”), but empowering your search team to act quickly might be a bit more arduous. Here are three questions you should ask yourself to help start the shift:
We have a lot more good information on how to take advantage of profit-driven marketing.
No marketing means no profit is an exaggerated statement. It all depends upon the company that is in business. For eg. an power (electric) generating & supplying company will never feel the need for marketing its power. On the other hand an FMCG company manufacturing baby food will definitely feel the need to market its product not only to boost its sale but inform the public, what business they are in and also what other products they manufacture.
No customer means no business. Marketing is the way to boost and develop the business.
if the company is not ambitious and need just the results of the ordinary to cover her expenses, there is no need for marketing,but I didn't hear about any company like that.