4p's of Marketing

Product: Product is an item or service that is being created for a target audience. Before making any product, we should think that which product we want to make and how much demand is there for our product in the market.

Price: To sell an item, it is necessary to determine the price of that item or service. While setting the price, we must keep in mind how much our goods or services cost in comparison to our competitors. We should take special care of the cost at which the consumer can buy our product or service.

Place: It is necessary to have a place to sell any product and we need a place to sell the product. If we produce our goods in a place where the target customer will not go, then we will not be able to achieve our goal.

Promotion: The easiest way to make customers aware of your product is by promoting your product. Promotion can be done in different ways:-television broadcasts, radio broadcasts, newspaper broadcasts. Before promoting, we should take this information that what is the right time to promote, so that can target the right audience.