The Marketing Mix – Product Distribution

On facebook:
On the web: 365careers.com
On twitter:

This lesson on Marketing strategy discusses the distribution of a product.
Watch more at .

This video is part of a series of short lessons about Business Strategy. The complete module can be found on Udemy, as a core part of the MBA in a Box course by CEO Valentina Bogdanova and 365 Careers.

The course provides a complete Business Education: Business Strategy, Management, Marketing, Accounting, Decision Making & Negotiation in just under 10 hours.

————————————————–

Marketing module table of contents:

Marketing: An Introduction

Introduction to Marketing
What is Marketing’s role?
Who works in Marketing?
Marketing’s key processes

Marketing: Building a Marketing Strategy

What is a marketing plan?
The psychology of customers – needs, wants, and demands
Conducting marketing research
The different stages of marketing research
Collecting Primary Data for Marketing Research
Performing client segmentation
Choosing a target customer group

Marketing: How to set up an effective Marketing Mix

The four Ps of Marketing and their importance

Marketing: How to set up an effective Marketing Mix – Product decisions

The product concept
Classifying a firm’s products
The typical product lifecycle
Product branding
Product packaging

Marketing: How to set up an effective Marketing Mix – Pricing decisions

The variables influencing product pricing
The demand curve
Performing break-even calculations

Marketing: How to set up an effective Marketing Mix – Place decisions

Setting up product distribution
Types of distribution channels
The advent of e-commerce

Marketing: How to set up an effective Marketing Mix – Promotion decisions

The essence of marketing promotion
Creating a marketing campaign
The importance of social media

Marketing: How to set up an effective Marketing Mix – A dynamic concept

The four Ps of Marketing – A dynamic concept

Marketing: Marketing strategy in the long run

Allocating the funds available for Marketing – The budgeting exercise
Using KPIs to improve decision-making
Short-term vs. Long-term marketing goals
Interpreting and calculating the Customer-Lifetime-Value formula

——————————–

Product distribution is probably the most difficult step to set up among the 4 Ps.

Well, it takes a lot of time and significant energy to build and optimize a distribution channel. And we have to consider several factors that will influence our decision. The best distribution channel is the one that:

Delivers a product that customers want.

Delivers a product where customers want it.

And allows customers to have the product at the right time.

A product must be positioned where its target customers are likely to find it.

A great-looking store, with prepared sales personnel, and optimal product placing can have a huge impact on sales.

Great distribution channels deliver products at the right time. Nobody likes it when an item is out of stock or when there is a long waiting period for its delivery. Companies want to be efficient with the inventory they keep as it represents a cost. An optimized logistics flow can be beneficial for both customers and producers.