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PURDUE EXTENSION EC730 Marketing Four PS: First Steps for New Entrepreneurs Cole Shake, Joan Fulton, and Jayson Luck Department of Agricultural Economics Marketing your business is about how you position

How to fill out marketing s four p

How to fill out marketing s four p

1. Step 1: Identify your product or service's unique selling proposition (USP). This is what sets your offering apart from competitors.
2. Step 2: Determine the price for your product or service. Consider factors such as production cost, competition, and desired profit margin.
3. Step 3: Decide on the channels through which you will distribute your product or service. This can include physical stores, online platforms, or a combination of both.
4. Step 4: Develop a promotional strategy to create awareness and generate demand for your product or service. This can involve advertising, public relations, sales promotions, and other marketing tactics.

Who needs marketing s four p?

1. Businesses or organizations that want to effectively market and sell their products or services can benefit from understanding and implementing marketing's four P's.
2. Entrepreneurs or startup founders who are launching a new product or service and want to ensure they have a comprehensive marketing strategy.
3. Marketing professionals who are responsible for developing and executing marketing plans.
4. Students or individuals studying marketing who want to gain a deeper understanding of the foundational principles of marketing.

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