¶ … Marketing Lessons from the tutorials

The tutorial is mainly focused on the concept of product and marketing of the products that different organizations have to offer to the consumer. There is a dissection of what defines a qualified customer for each product found in the various markets. The most significant thing to consider is the qualities of a qualified customer as the tutorial indicates, these are customers who are seeking a solution to their needs, customers who are also eligible to purchase, they have the financial ability to buy and also have the authority to make the purchasing decision (Know This LLC, 2011 A).

It is therefore important to segment the market for each product so that the business is able to tell the target customer base as the tutorial indicates. This will enable the organization to identify a segment within a larger and overall market, choose a segment that will best fit the aims of the organization as well as being able to develop a marketing strategy that will appeal to the target market. The segmentation is usually done taking into account three major variable; the demographics, customers' purchasing situation and customers' personal information.

There are various marketing strategies also outlined in the tutorial as undifferentiated or mass marketing, differentiated or segmentation marketing, concentrated or niche marketing, customized or micro-marketing. These are the main marketing strategies that each company must consider before they roll out their products.

Apparently it is not only the segmentation that is significant in making the product successful in the target market but positioning is also vital as the tutorial indicates. This is a way of convincing the consumer that the marketer is offering something different and better hence giving him the reason to but from your products range and not the competitor. This can be effective when the marketer knows the key benefits that the market seeks. This should be accompanied by the proper product decision which should...

The product can range from goods, services or even ideas that an organization or an individual may want to put up in the market. The tutorial further categorizes the consumer products as convenience products; those that appeal to a wide market segment and are regularly consumed, shopping products; these are consumed on a lesser scale than the convenience products like clothing, electronics and furnishings and the clients are willing to take their time to locate the exact taste they are looking forward to buy, specialty products; which are relatively more expensive than the previous two categories and clients normally know the prices and are ready to shop around for the best deal, they include vehicles, expensive drinks and hair care products.
From the tutorial it is also clear that marketers should know that products are composed of three parts that must be looked into keenly in order to have a successful marketing plan. The three components are the core benefits; like the ease of using home cleaning detergent, actual product; for instance the detergent itself and augmented products; like the guarantees, warranties, customer service, complementary products that come alongside the products, and all these must be catered for in order to have a successful product category. These can be actualized by taking into account key products decisions like the consumable products features, branding, packaging and even labeling.

The significance of brands are also well outlined and the advantages that it gives the marketers are shown as stimulating customer recognition, create brand loyalty and a brand community, making product positioning easier, ease of brand extension, promoting profits through brand equity as some of the significant benefits of having strong brands (Know This LLC,…