Marketing Mix For Home Business

Abstract The purpose of this article is to describe the four elements of the marketing mix, product, location, price, and promotion. We will also implement each element using the company's marketing strategy. The organization I use is Sandy's day care. In my organization, I am receiving child care services from newborn babies to 11 years old. Business hours are from 5:30 AM to 6 PM. Monday, Friday and Saturday are only available on request. I will explain the marketing strategy applied to my home business. It has been successful for over five years, earning $ 6,000 a month.

Nike's marketing mix (4P) influences the profitability and growth of sportswear, apparel and equipment business. The company's marketing mix is ​​a strategy and strategy used to implement marketing plans with emphasis on product, location, promotion, and price (4P). In this business case, the Nike marketing mix includes sporting goods. For example, the company specializes in shoes designed to meet the needs of professional basketball players and football players. But according to details of Nike's corporate philosophy and vision statement, these products are sold to all consumers all over the world for sports and leisure activities. The company was founded in 1964 based on the dynamic development of the global sporting goods industry.

McDonald 's marketing mix (4P) contains various ways to meet the business needs of various fast food restaurant markets around the world. The marketing mix defines the strategy of the company and the strategy for attracting target customers in terms of product, location, promotion, and price (4P). In the case of this business analysis, McDonald 's corporate standard is that its marketing mix is ​​applied globally. For example, corporate standards on productivity are implemented in the ownership of each company and the management of franchise locations. McDonald's also made several changes to the marketing mix according to local and regional market conditions. For example, its sales promotion strategy and strategy focuses on printing media in the most popular countries, and has priority over television in other markets.

The marketing mix of Wal-Mart is developing mainly on the nature of the company's retail business. The company's cost advantage GM strategy also defines a marketing mix. Wal-Mart's overall performance in the global retail market is related to its marketing mix strategy. With continued leadership as the world's largest retailer, Wal-Mart is expected to adopt the same marketing mix as global deployment. The strategy included in the company's current marketing mix has been quite successful. Therefore, it is realistic to keep using it as it is. However, Wal-Mart can improve the current marketing composition. Especially in the location / distribution component.