One of the major methods to effective product promotion nowadays is pricing. The item must always be seen as representing good value for money but this does not necessarily mean that it should be the cheapest available. In fact, in many cases, customers are usually prepared to pay a little more for an item that quite satisfies them.
Apart from this, modern marketing strategies must also take into consideration the fact that: customers are informed and intelligent enough to know what they need and can recognize value for money when they see it and will not buy again if they do not get value for money. Following this, the items designed and produced in an organization must be those that meet consumer needs; otherwise the business is planning to fail. It is because of this that the consumer is considered the center of all business activities, be it in a big or small business.
Catching the attention and interest of your target consumer, in order to increase demand, can be done in several ways; one of them being packaging. One must never compromise quality packaging for attractiveness. The used package ought to protect the product against potential damage. Cartons that fall apart and bags that tear deter repeat purchases. For all businesses, packs must at least function properly, besides providing a unique identification for a product brand.
Although creative packs designs may often be the driving force to success by assisting the item to gain market dominance; more often than not, success arises from the interaction between a good product and an innovative pack. The quality and ability of a product to fulfill customers needs, determine sales more than lowering prices can; as stipulated by marketing experts. Hence effective marketing strategies must always be targeted on informing the market as opposed to lies or exaggerations regarding quality of a product or service. Realize that in the long-run the average target customer always has a good memory.
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