THE 5 P'S OF MARKETING

Hello everyone. So, in this blog here, I want to talk about the 5 P's of marketing.

• PRODUCT: The goods and services that are being marketed to meet the customer's needs and wants.
• PRICE: The price of the goods or services is what influence the purchasing price.
• PLACE: The place can be physical or digital. The locations where your product/service is advertised, determines the convenience and visibility to the customers.
• PROMOTION: Promotion is important because it brings awareness and engagement to the business.
• PEOPLE: The people are your targeted audience. You want your business to reach as many people as it can, bringing in potential sales and clientele.

Each of these, have their own way of fitting into the business world!!!

SO, WHICH OF THE 5 P'S DO YOU THINK IS MOST IMPORTANT AND WHY?

For me, it's kind of hard to choose. It seems like you can't really have 1 successful "P" without the other. If I had to choose, I would probably go with Place. I went with that one because, no matter what your product of service is, there is someone somewhere that could use it. You just have to determine where to market your services/product, so you can reach a large amount of people. More than likely, some of those people could use your product/service. I didn't go with price because, yes you have to think of your competitor's prices, but if you offer excellent quality, then price can sometimes be overlooked. This is my opinion. I want to know your insight on this