Sunday, June 29, 2008

What Are The Goals of the Marketing Process?

The marketing process, when explained in detail, will almost take the lenght of a book.

In a nutshell, it starts with the situation analysis, moves towards strategy, gets down to tactics and the last is nothing but implementation and control of the formulated startegy and tactics. That's quite a simplified view because at the moment we are more interested in the goals of this marketing process.

The marketing process is carried out to help the business:

  1. Select a Target Market

  2. Identify the Needs of this target market

  3. Attract, Retain and Grow a profitable customer base
No matter how simple the above three goals seem, it's an irony that not many businesses follow them in a structured manner. The difference between strategically planning for these goals or running on a day-to-day ad-hoc basis can make or break your real estate business.

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