Friday, June 12, 2009

The 14 Ps of Mixed Media Marketing – Part 3

Product
The original 4 Ps of the marketing mix are still applicable today in mixed media marketing. However, we look at Product differently than in the old school of marketing.

The old school of marketing analyses:
  • Product innovation, features, upgrades
  • Product differentiation, comparison, competitors
  • Product variation, lines, flavours, colours
Product was a function of the product development team; the marketers where then responsible for finding a market that would buy it.

Mixed media marketing analyses:
  • How a product can solve a market’s problems
  • The perception of a product through marketing research
  • How the product performs and is received in the market place
The new focus is on the market. Mixed media marketing works in a market place where customers choose to buy your product and are not sold to. This is how your customers purchase today.

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