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Developing marketing objectives

Posted Aug 13, 2014 by johnybfre
Whether you run a small business and use retail marketing to promote your product or services

FOR IMMEDIATE RELEASE (Press Release) Aug 13, 2014 -- Marketing objectives are those goals that any company wants to reach. In general, they are set up by general managers, together with marketing specialists, and refer to the four very important areas included in any marketing mix: product, price, promotion, and place.

To these four P’s, some specialists add other elements, too, such as: communication, channel, cost, performance, and people. Each of these elements needs to be clearly defined and a numerical target has to be established for each of them.

As an example, when it comes to the product provided by a company, its marketing objectives need to refer to a specific volume of sales. A certain volume can be set as a daily standard, and a higher, obviously, volume, as a weekly standard.

There has to be mentioned that these objectives are not fixed in time, because everything evolves, from the laws and regulations that you need to respect in order to function in the business world to your very own company.

Because of this, some objectives need to be modified or even removed, and others have to be created, to make sure you maintain your company on the right track, or extend it. At the same time, they need to be set only for a certain period of time, not for years in a row.

As a rule of thumb, objectives, whether they are included in a retail marketing or wholesale marketing strategy, are part of a marketing campaign that has a start date and an ending date. Based on their volume and desired level, they determine the success or failure of a campaign.

But what if your goals cannot be measured? It is easy to say that you want to increase sales up to $10,000 a month or gain 100 new customers each week. But how about increasing the popularity and credibility of the products or services you offer? How can these objectives be measured?

Although some objectives cannot be measured, their results can. In other words, if you want to increase your company’s popularity and credibility, you need to focus on the number of customers you used to have prior to your current marketing campaign, and the number of customers you have now, and on the volume of sales that you have generated.

To reach your objectives, you can use a lot of marketing techniques. One of them is to address a celebrity that would endorse your product or service. Another technique is to use advertising to your advantage; print flyers, brochures, banners promoting your company, order a TV or radio commercial, post ads in newspapers and magazines, create an online presence, pay per click, and so on.

These objectives and their means of achievement can be found in both retail marketing and wholesale marketing. They are included in a marketing campaign, as well as in a marketing plan. Establishing clear objectives can guarantee the success of any marketing plan, that is why marketing goals are so important.

Want to know how to develop your marketing objectives ? Whether you work in wholesale or retail marketing , we have the best advice for you that would help you come up with those marketing goals designed to transform your company into a successful one.
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Issued By : Johny Dean
Country : United Kingdom
Categories : Services
Tags : marketing objectives,retail marketing
Last Updated : Aug 13, 2014

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