Friday, October 11, 2019

Marketing as a way to meet the demand by trade


Many Ukrainian businessmen older generation to the question, "cause if you do market research?" - vaguely shifted his shoulders, and in the best case, will say that there is somewhere with this name department attached, it seems, to the advertising. Someone once said that a vast experience allows to evaluate the market and conduct business, as they say, to the eye, and this method it has never failed. However, the further "deep into" emerging market economies, the clearer it becomes that market research - not a fad, but a real necessity. That business thrived, the new product has taken root in the market, for this is the beginning of the market need to thoroughly study and analyze, which will greatly reduce the risk when making important decisions, effectively spreading potential of the company. This is especially true of the situation, when a new segment of the market has not yet formed, or not yet, "debugged" new business. However, those who are going to open a business, should also pay sufficient attention to market research, which can help determine whether a particular product a chance to "survive" in the market competitiveness of the company, potential customers and so on. D.

Methods and marketing research areas are numerous. In this article, we are unable to describe everything, so limit ourselves to the basic concepts. You can also hire an experienced marketer for the job.
Why do we need market research?

Marketing research for any enterprise - an important element of a successful development strategy in a market economy, they can decide (as a package, or separately) the following tasks:
Determining the size of the market

Market research will help to objectively evaluate the size of the market situation at the moment, to see real opportunities for further business development, to determine its potential as compared to the competitors, to make the sale of the program, select New, effective lines of business.

By the way, inexperienced entrepreneurs often confuse the terms "size" and "capacity" of the market, although this is not the same thing. Capacity - is the maximum amount of all sales, which can achieve now existing company in a certain territory and for a certain period. Of course, it is impossible to get all the potential consumers to buy a particular product, so the concept of "market capacity" is theoretical and is used only to give an idea of ​​the range of its saturation. Market size - this is a real product for sale on the market in a certain period. Experts say: to determine the market size is useful when:

 expansion of sales border,
 improvement of a known product,
 starting a new project.

Determination of market share

Market share - the ratio between the volume of sales of the product or services of the company and the volume of sales of products produced in this product category all the companies operating in a particular market. Determine market share - is to find a digital value, for a place can claim company or firm. Sometimes markets are classified according to the shares, occupy the particular goods or services (eg a monopoly - a company with a market share of more than 25%).

The task of any marketing strategy - increasing market share. The larger it is, the more successful the business, less the costs below the cost of production. In this case the company gets more opportunities, for example to charge higher prices for high-end products, to dictate their terms to distributors, etc. A study of the company's market share should be carried out in dynamics for several periods and always in comparison to other competitors. The analysis draws conclusions on the situation of the company, its competitiveness trends, as well as being investigated and studied the causes of changes in market share.
analysis of demand

Marketing research in this direction will help to find out how consumers are loyal to a given group of products, as well as the market requires such products. In other words, whether or not cost-effective to promote it on the market. Find out who (what category of people - middle, high or low income) to buy a certain product, you can set competitive prices for the products, change them in accordance with the requirements and capabilities of potential buyers, as well as to find a more effective advertising strategy.
analysis of the proposal

Feature of any market lies in the fact that on the same "territory" can be operated company producing identical products or services. A comprehensive analysis of proposals (knowledge of the products and the marketing competition policy) orient you in the market. In other words, you can determine their individual pricing policy, product promotion that will provide you the victory in the tough competition.
Analysis of possible distribution channels

He will identify the most effective ones and form the finished chain optimal product movement from producer to consumer.

Of course, this is an incomplete list of marketing "opportunities", but we called the main.

Who owns the information he owns the world .... To date, this saying is very important. Especially for marketing research (and subsequent analysis of the data), which is impossible to carry out effectively without the originally accurate information about the Company. Data collection - the work is not the most difficult, but it is allowed a number of errors, which then have a negative impact on the entire course of the study. The first of them - the collection of the "wrong", that is, or is not reflecting the essence of the matter, or is unsuitable for this type of research information. Second, data is collected suboptimal way.

To carry out basic marketing analysis of a company should be "get" data:

 the volume of sales in physical and monetary terms (by time, assortment groups, customers, vendors);
 sale of related goods and services;
 customer base;
 Information about the marketer;
 Information about each of the major competitors;
 sales promotion (advertising budgets and promotions, participation in exhibitions and so on. n.).

We stress: for successful product promotion, opening a new business or line of business is very important the accuracy of the information, otherwise significant distortion of the output data can occur. Equally important is the efficiency of the collection of information: the competitors are not asleep after all!

After you have collected all the necessary information, a qualified specialist will be able to easily carry out a market analysis in key areas.

Marketing strategy.

One of the main tasks of marketing research - to calculate the further development options of the company or promoting a certain product. That is what determines the company's marketing strategy. The main foundation of it - the results of the preliminary analysis of marketing data. It gives an idea of ​​the situation with the sale of goods, profits, customers, buyers needs.

Taking into account the real picture of the state of enterprise marketing strategy is developed. In its "package" usually includes the company's long-term plans, the analysis of market structure, pricing principles and competitive advantages, the choice of effective positioning in the market.

Development of marketing strategy comprises the following steps: analysis of the strengths and weaknesses of the enterprise; analysis of market opportunities; competitor analysis; study of the relationship with customers and partners; analysis of the influence of the external environment; marketing audit of the internal environment; determining ways to improve the old and new product development.

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