
Importance of marketing in business
Hey, have you ever purchased a product just because you saw an advertisement for it?
If your answer is yes, then you’ve experienced the power of marketing!
There are numerous emerging ventures around us, both small and large, and the backbone of each is a strong marketing strategy. A well-executed marketing plan can propel a business to greater heights with a high return on investment, while even the best products in the market may go unnoticed without powerful promotion.
Unlike earlier years, the digital era has transformed marketing into a full-fledged strategy with social media campaigns, content creators reviewing products, and, most importantly, Search Engine Optimization (SEO).
As mentioned earlier about campaigns, one of the best examples is Netflix. Netflix shares behind-the-scenes footage, creating excitement and anticipation for upcoming shows. Another great example is Airbnb, which showcases different travel destinations through stunning photography, compelling anyone with a travel itch to pack their bags and set off on an adventure.
Marketing not only adds value to a product but also helps build long-term customer relationships by driving sales. Without proper advertising, potential customers may remain unaware of a product’s existence. Marketing ensures that the audience knows the product is available in the market.
The power of marketing lies in building a strong strategy and implementing it at the right time for the right audience. A well-executed marketing plan can transform potential customers from merely viewing a product to making a purchase!