Invest in Marketing - page 2. | Bitcointalksearch.org

martinex

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Quote from: dothebeats on July 19, 2023, 12:20:48 AM

Quote from: suzanne5223 on July 11, 2023, 11:20:22 AM

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.

Yes, a good project selling itself is no longer the situation in a broad market where there are already a lot of good projects that have already gained huge traction, especially in the cryptocurrency where there's already a lot of competition in the market, and the best thing a new project will do to get the needed attention if doing the right marketing and listing on good liquidity provider exchange. This is what the team of the SUI project did despite the project's unique concept.

Exactly. The amount of competition is the market will only continuously rise, therefore letting your services/products be the way that it is (despite the good feedback and income it is currently bringing you) will soon lose its attraction to costumers and clients. There will always be something new and something better, and for a business to consistently survive these changes should be considered and effort should always be applied.

That's right @dothebeats, those who know how to make their users happy and friendly service are the winners besides the quality of the products offered are also of high quality. Yes. competition always comes and must be seen and described wisely.

flyingcarpet

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Quote from: dothebeats on July 19, 2023, 12:20:48 AM

Quote from: suzanne5223 on July 11, 2023, 11:20:22 AM

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.

Yes, a good project selling itself is no longer the situation in a broad market where there are already a lot of good projects that have already gained huge traction, especially in the cryptocurrency where there's already a lot of competition in the market, and the best thing a new project will do to get the needed attention if doing the right marketing and listing on good liquidity provider exchange. This is what the team of the SUI project did despite the project's unique concept.

Exactly. The amount of competition is the market will only continuously rise, therefore letting your services/products be the way that it is (despite the good feedback and income it is currently bringing you) will soon lose its attraction to costumers and clients. There will always be something new and something better, and for a business to consistently survive these changes should be considered and effort should always be applied.

If the product or service is good, it will sell itself, but it will sell for how long. We should develop that product and realize that there may be the same products in the market. The better a product is, the more open it should be for improvement.

Our product may be very good, but others should know about it. In order to reach the sales we want, we must do the marketing in the best way. Otherwise, no matter how good our product is, it won't make sense if we can't sell it.

dothebeats

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Quote from: suzanne5223 on July 11, 2023, 11:20:22 AM

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.

Yes, a good project selling itself is no longer the situation in a broad market where there are already a lot of good projects that have already gained huge traction, especially in the cryptocurrency where there's already a lot of competition in the market, and the best thing a new project will do to get the needed attention if doing the right marketing and listing on good liquidity provider exchange. This is what the team of the SUI project did despite the project's unique concept.

Exactly. The amount of competition is the market will only continuously rise, therefore letting your services/products be the way that it is (despite the good feedback and income it is currently bringing you) will soon lose its attraction to costumers and clients. There will always be something new and something better, and for a business to consistently survive these changes should be considered and effort should always be applied.

Silberman

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Quote from: KiaKia on July 17, 2023, 01:04:19 PM

It's true, we have so many example of this in crypto space, many good projects came with good utility but they failed because people don't have interest in them and some are because the team doesn't market the project, it's one of the reasons why I always find myself abandoning a project if they are not doing the needful to get their names out on social media, I will just boycott them.

I have seen few products in the real world that have everything in place, good marketing, better product and other, but they still fail, there are some mysteries about if a business will be successful or not, you won't know what you will get, you just have to try, only that it can end up wasting you money.

Sometimes the timing is just wrong, a product can be amazing but if the people are not ready for it then they are not going to use it, this is why even big companies are looking for innovations but at the same time they do not want that innovation to scare their clients, an example of this is Google Glass, which was a good product but due to many different concerns it was unable to gain the success Google thought it could have and the product eventually was discontinued.

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Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.

I believe such scenarios only happen when this product is the only one in its class facing no competition and with or without marketing the product could still sell as consumers have no choice but to buy it!

Other possibilities is if its the only alternative to a popular product and the popular product just losses its quality or maybe company closes down such a product would win the market without advertising no doubt.

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

No matter how good your product/services are, if people don't know about it or are not willing to patronize you, then you will have no customers or clients.

Sad reality is that its not always the best product that makes the most sells out there, but kind of like the most advertised will have the most numbers as they have won on the marketing Side of business and this influences consumers on what product to go with when they are out shopping!

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I know people will argue and point out a few companies that don't advertise their products, yet they're successful

For products that make sales based on this kind of concept means they have been in business for a very long time and their clients are of a special clientele which isn't meant to reach everyone ...this is were you find car brands such as Porsche can't compete with companies such as Toyota as they have special client and they don't need to advertise either.

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It's true, we have so many example of this in crypto space, many good projects came with good utility but they failed because people don't have interest in them and some are because the team doesn't market the project, it's one of the reasons why I always find myself abandoning a project if they are not doing the needful to get their names out on social media, I will just boycott them.

I have seen few products in the real world that have everything in place, good marketing, better product and other, but they still fail, there are some mysteries about if a business will be successful or not, you won't know what you will get, you just have to try, only that it can end up wasting you money.

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Quote from: Casdinyard on July 17, 2023, 12:43:31 PM

While in the past word-of-mouth and testimonials stood as one of the best way you could sell your product, I believe those days are gone now cause marketing is sometimes even more important than the product's quality and purpose itself. Just look at NFTs like Bored Ape, do they have any unique feature or use case that sets them apart from other NFT projects in the space? No. As a matter of fact they are cut and dry shit NFTs with no real value to provide for their users, but they got into the millions price range cause they went ham on marketing their NFTs to the point that even celebrities and famous icons bought and held their Bored Ape NFTs for long.

I'm not saying you should stop creating good products all together and just focus on how you market your shit, if you do that you'd get into a lot of trouble and you might even risk getting boycotted by your buyers, level the marketing effort you exert with the quality of the product you're creating, and watch it succeed.

I have to completely disagree. If you don’t have a good product, at some point in time the love whatever marketing campaign created or “word of mouth “ has caused, will wear off. I college I went for business school and these are the types of topics we focused on. The product is always most important, even for inferior products, sure marketing becomes all the more important but if it’s not a good product, sales and “hype” won’t last forever.

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While in the past word-of-mouth and testimonials stood as one of the best way you could sell your product, I believe those days are gone now cause marketing is sometimes even more important than the product's quality and purpose itself. Just look at NFTs like Bored Ape, do they have any unique feature or use case that sets them apart from other NFT projects in the space? No. As a matter of fact they are cut and dry shit NFTs with no real value to provide for their users, but they got into the millions price range cause they went ham on marketing their NFTs to the point that even celebrities and famous icons bought and held their Bored Ape NFTs for long.

I'm not saying you should stop creating good products all together and just focus on how you market your shit, if you do that you'd get into a lot of trouble and you might even risk getting boycotted by your buyers, level the marketing effort you exert with the quality of the product you're creating, and watch it succeed.

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Quote from: bestcoins1 on July 17, 2023, 10:51:53 AM

Quote from: CapGelatik on July 17, 2023, 01:33:56 AM

That is why how important the marketing strategy is in increasing product sales,
without it the product will not be known and information related to the product will not be conveyed to the general public,
this certainly makes sales not going anywhere.

The marketing strategy will be born after the product gets better promotion in the community and this must be done by the product owner himself. Because without promotion in society, everyone will not be familiar with the products that we have or that we will sell to the public. That is why promotion is the main thing that must exist so that product owners can make better marketing strategies after seeing how people respond to the products we have.

Also with the reason that your product is not alone in the market. There will be competitors for the same product category and in order to be at advantage then marketing strategies should be used in order to make the whole marketing procudure better. Same with brands perhaps with clothes. There are many options to choose from but there are as well factors customers are such as price, season and the likes. If you are in sales industry then marketing should be a priority to make things successful. It is simply the way to communicate with your adience. Big companies are even paying huge amount of money for their employees to beat that monster.

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Quote from: bestcoins1 on July 17, 2023, 10:51:53 AM

Quote from: CapGelatik on July 17, 2023, 01:33:56 AM

That is why how important the marketing strategy is in increasing product sales,
without it the product will not be known and information related to the product will not be conveyed to the general public,
this certainly makes sales not going anywhere.

The marketing strategy will be born after the product gets better promotion in the community and this must be done by the product owner himself. Because without promotion in society, everyone will not be familiar with the products that we have or that we will sell to the public. That is why promotion is the main thing that must exist so that product owners can make better marketing strategies after seeing how people respond to the products we have.

Just imagine putting up your business in a city, let's say a restaurant, and if you don't advertise it and just trust your customers words to tell others, you still have customers, but only a few, unlike if you posted very delicious photos online, put ads on the radio, and posted posters everywhere. This can attract more customers and make you known. This is like what I've seen in a video on social media where a pizza store (old) doesn't run advertisements, but their pizza is very good. When someone found it and posted it on social media, tons of customers came in to buy it, and it indeed boomed his store. Marketing is a huge factor for businesses, and they can't run without it.

bestcoins1

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Quote from: CapGelatik on July 17, 2023, 01:33:56 AM

That is why how important the marketing strategy is in increasing product sales,
without it the product will not be known and information related to the product will not be conveyed to the general public,
this certainly makes sales not going anywhere.

The marketing strategy will be born after the product gets better promotion in the community and this must be done by the product owner himself. Because without promotion in society, everyone will not be familiar with the products that we have or that we will sell to the public. That is why promotion is the main thing that must exist so that product owners can make better marketing strategies after seeing how people respond to the products we have.

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Quote from: EarnOnVictor on July 17, 2023, 01:53:24 AM

Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.
If you can't set it up by yourself or you don't have the time, you can hire someone to do it for you.

It depends, marketing is good, but I wouldn't totally disregard the natural efforts of sales of good products and services, it's obvious everywhere. Once you can solve problems, give people what they want and you do it at best, it will naturally promote itself. But this is not the case in a highly competitive market, which is why marketing is very important. Also, there are situations where the person can't be easily discovered, the market will bring out the popularity, at least for prospective customers to feel the taste of what you can offer, it's from there they will bring more customers to feel the good products.

What I'm saying is that both good service/products and marketing have to work hand-in-hand for the success of the business. If the marketing is good and the product/service is bad, it's only a matter of time before this would boomerang.

While digital products and services need more marketing before they would achieve their goal, the cost of doing this could be so scary that it would discourage many.

Top-quality goods and services are irresistible. They seem to have a halo. They glitter, and people notice. Good products market themselves. No disagreement!

But ponder this for a second. How does a unique product shine in a crowded market with many comparable products? Marketing comes in. It cries, "Hey, look at me!" to increase product visibility.

You're right: product quality and marketing must go hand in hand for a business to succeed. Neglecting one is like attempting to clap with one hand. I agree with your thinking! Marketing is a dare, not a scare, and firms need to realise this.

KingsDen

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Quote from: Fuso.hp on July 16, 2023, 01:24:32 AM

... when it manufactures the product, it goes to marketing to promote that product. ... But if people accept the product, they attach a part of the money they spent on marketing to the price of each product and we have to buy that product at a comparatively higher price.

Before any company will begin to add the price of promotion to the goods or services that the offer, they must have already spent a lot of money to initially promote the goods or services when people have not known it already.

So before you as a company owner or an owner of a new product or idea will begin to add price of promotion to the products, you must have already spent a lot to push the product to the timeline of the society. It is after a while that you will begin to add the price of promotion only if your goods is accepted by the people.

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Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.
No matter how good your product/services are, if people don't know about it or are not willing to patronize you, then you will have no customers or clients.
Some companies sell water and market it so well to the extent that people believe it is more nutritional than normal clean water when in fact it may just be water.

Speaking about companies marketing their product very well that make some individual to begin feeling like they're using the best product reminds me of Prime energy drinks. I have tasted that drink and it's not as good as they're marketing it still they're getting good feedback as they're now the official partners of Barcelona football club, last season they were partners with Arsenal and the drink isn't old in the industry but they market it so well.

If your product isn't marketed very well, you'll lose customer to your competition that their product isn't as good as yours. For example, Samsung produced more quality phones than Apple but because Apple has marketed their brand very well, it has made it more popular.

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Quote from: GigaBit on July 17, 2023, 12:35:29 AM

Quote from: Kelvinid on July 16, 2023, 07:32:11 AM

Marketing is a vital tool used to win one's heart and attracts investors, buyers, or users. We can't deny the fact that huge companies are using this strategy as it was really effective and the impact is great. And they spend millions on ads knowing that the return is more than the amount they spent. So, if are in business and wanted to spread information, become competitive and increase sales, we have to learn to go this way otherwise, we lose the market competition.

If a businessman cannot manage the marketing of his product then he will lose his existence in this competitive market. Because people will not get any information about his product. At present, as people are increasing, so are the number of business also grow and the competition for the same product is also increasing. However, the marketing strategy of a national business and the marketing strategy of a local business will not be the same. There are some big companies who can advertise on TV media which many of the small business owner cannot do. Therefore, not all traders have the same strategy.

Marketing strategy is a basic thing that no one in business should miss. Yes because its role in introducing the products they produce is the main thing.
I myself as a consumer or customer have experienced this kind of thing. We know that ready-to-eat foods such as instant noodles have mushroomed, and I don't even know how many manufacturers market this product. As a buyer, I will definitely prefer something that we have seen in marketing done anywhere, be it on television or in other places. Even though the price will be more expensive than the same product, but because we don't know the quality and have never seen it, we will definitely prefer it even though the price is more expensive.

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Quote from: Alpha Marine on July 11, 2023, 09:51:22 AM

I have heard a lot of people say and believe that "if your product or service is good, it would sell itself". That's not entirely true.
If you can't set it up by yourself or you don't have the time, you can hire someone to do it for you.

It depends, marketing is good, but I wouldn't totally disregard the natural efforts of sales of good products and services, it's obvious everywhere. Once you can solve problems, give people what they want and you do it at best, it will naturally promote itself. But this is not the case in a highly competitive market, which is why marketing is very important. Also, there are situations where the person can't be easily discovered, the market will bring out the popularity, at least for prospective customers to feel the taste of what you can offer, it's from there they will bring more customers to feel the good products.

What I'm saying is that both good service/products and marketing have to work hand-in-hand for the success of the business. If the marketing is good and the product/service is bad, it's only a matter of time before this would boomerang.

While digital products and services need more marketing before they would achieve their goal, the cost of doing this could be so scary that it would discourage many.

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Quote from: GigaBit on July 17, 2023, 12:35:29 AM

Quote from: Kelvinid on July 16, 2023, 07:32:11 AM

Marketing is a vital tool used to win one's heart and attracts investors, buyers, or users. We can't deny the fact that huge companies are using this strategy as it was really effective and the impact is great. And they spend millions on ads knowing that the return is more than the amount they spent. So, if are in business and wanted to spread information, become competitive and increase sales, we have to learn to go this way otherwise, we lose the market competition.

If a businessman cannot manage the marketing of his product then he will lose his existence in this competitive market. Because people will not get any information about his product. At present, as people are increasing, so are the number of business also grow and the competition for the same product is also increasing. However, the marketing strategy of a national business and the marketing strategy of a local business will not be the same. There are some big companies who can advertise on TV media which many of the small business owner cannot do. Therefore, not all traders have the same strategy.

That is why how important the marketing strategy is in increasing product sales,
without it the product will not be known and information related to the product will not be conveyed to the general public,
this certainly makes sales not going anywhere.

GigaBit

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Quote from: Kelvinid on July 16, 2023, 07:32:11 AM

Marketing is a vital tool used to win one's heart and attracts investors, buyers, or users. We can't deny the fact that huge companies are using this strategy as it was really effective and the impact is great. And they spend millions on ads knowing that the return is more than the amount they spent. So, if are in business and wanted to spread information, become competitive and increase sales, we have to learn to go this way otherwise, we lose the market competition.

If a businessman cannot manage the marketing of his product then he will lose his existence in this competitive market. Because people will not get any information about his product. At present, as people are increasing, so are the number of business also grow and the competition for the same product is also increasing. However, the marketing strategy of a national business and the marketing strategy of a local business will not be the same. There are some big companies who can advertise on TV media which many of the small business owner cannot do. Therefore, not all traders have the same strategy.

savetheFORUM

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Quote from: Agbe on July 13, 2023, 01:23:20 PM

Marketing is one of the good strategy to lure people to buy your products or goods and services in the public domain. According to and economics expert, if a company advertised a product with a flayers and the total number of the flayers are 5,000, out of this 5,000 flayers, the customers that will turn up might be only 5 or 10 and the company should not stop the advertisement because f people turn up, indicates that more people will come in the next advertisement. So continue marketing your products online and offline.

Using flyers is one of the most basic promotional techniques available for companies or services to promote their products, but it might not be as effective as many other modern ways of advertisement such as billboards, banners, 3D and computerized banners, etc. Online marketing is also at its peak in this era even if a company works online or offline, they tend to advertise their products and services both online and offline.

If we talk about results, I believe the most effective way of advertising is online marketing these days where a service or product is promoted through paid and targeted ads, the reason for that is that almost every single person in the world has access to the internet and everyone use certain.

Kelvinid

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Marketing is a vital tool used to win one's heart and attracts investors, buyers, or users. We can't deny the fact that huge companies are using this strategy as it was really effective and the impact is great. And they spend millions on ads knowing that the return is more than the amount they spent. So, if are in business and wanted to spread information, become competitive and increase sales, we have to learn to go this way otherwise, we lose the market competition.

Topic: Invest in Marketing - page 2. (Read 769 times)