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The 7 Ps of Digital Marketing

Internet marketing is continuously evolving and is getting revolutionized every now and then. Therefore, to increase your probability of success in the field of marketing, it is extremely important that you have a complete understanding of all the 7 Ps of marketing tactics:

  • Price:

Price is nothing buy the amount paid by the customer for the service provided. Organizations must develop the habit of continually examining and re-examining the prices of the products whenever needed. If you wish to stay in the race of the fast-changing marketplace, then be open to revising your product prices as per the competition in the market.

  • Place:

The place is referred to the location of the product where it has been seen, made, sold or distributed. Some companies prefer direct selling by sending a salesperson door to door while some opt for online marketing.

  • Product:

Creating and delivering the right products as per the customer requirements and demands is extremely important. Therefore, appropriate research and estimation for the current product demands in the market are extremely important.

  • Promotion:

Promotion of your product is a vital part of any business. You must develop and implement various innovative campaigns to deliver a consistent message through your advertisements so that you are able to grab extensive attention from the right customers.

  • People:

People are crucial for the success of any brand or company. You will need to hire the right human resource that is capable of delivering excellent results and are able to answer all the queries of the customer. It is also highly important to have a group of people who can share genuine feedback about the products through forums, blogs etc.

  • Process:

The process is all about the service is provided to the customer. The actual reputation of the company is based on how fast and efficiently the products are delivered to the customer. Having a streamlined process at all levels is a huge competitive advantage.

  • Physical Evidence: 

Delivering customers, a beautiful experience is the prime mission and vision of any organization. If you are running a restaurant, then you need to ensure you are standing out from the rest by offering the incredible ambiance and remarkable hospitality where the customers can enjoy a wonderful dining experience.

By understanding all the fundamental principles of these 7 Ps of Digital Marketing, you are likely to stay ahead in the competition and move forward profitably.

How TikTok and Spotify could win through location based marketing

A huge amount of Generation Z and the millennial population are active users of digital music and entertainment apps. These audiences can only be appealed through creative branding concepts and smart yet subtle advertising. Location Based Marketing (LBM) is the perfect strategy for upcoming brands like TikTok and Spotify to target their audience and increase their reach. The marrying of digital experiences with the physical world of entertainment and monetizing this phenomenon in exchange of personalization is the key takeaway of these brands. Thus LBM would exponentially expand the market with its innovative potential of technology.
Spotify, Swedish award-winning digital music platform that provides access to more than 40 million tracks with more than 207 active monthly users and 96 million paid subscribers. Operating under a ‘freemium’ based model, heavy advertising is necessary to sell premium streaming subscriptions to users. Spotify going local to market itself to people on a much more personal level is a great strategy. For example, partnering up with Starbucks to create playlists of music by people at different locations of Starbucks around the world is a great opportunity to promote their app.

Many music festivals are also targeted to enhance traffic and subscriptions. Another instance of location-based marketing would be the advertisement where Spotify mentions the number of people killed in New York while wearing headphones the previous year. The term “Safety” was used in order to popularise the app and increase brand affinity while addressing social concerns through the listener’s perspective.
TikTok, an app owned by ByteDance, allows users to lip-sync popular audio clips, songs and dialogues. Many attractive features like personalizing videos though filters and live challenges through hashtags contribute to the achievement of one billion downloads in the stores. A very dynamic marketing strategy is needed to promote TikTok to all kinds of audiences.

Location-based marketing proves to be an ally here due to a large number of users in every part of the world. Using local artists and celebrities to promote the brand and selling localized merchandise are creative examples of marketing. Another innovative mass idea was to create contests in various parts of the world through hashtags promoting brands and identities on a local and global level.
A user’s whereabouts, routine, lifestyle through location sensitive technology and partnerships of brands combined is the perfect recipe for an immensely effective, personal advertisement that can appeal to millions together.