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Topic: The Power Of Marketing! - page 6. (Read 1766 times)

hero member
Activity: 3038
Merit: 634
September 27, 2024, 01:26:26 AM
#51
Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
For many brands, this percentage can exceed 30% of the company's general expenses. There are brands that allocate much higher percentages to continuous marketing campaigns. This cost increases according to the increase in competition in the market, and its main goal is to keep the brand in people's minds and not forget it because of the existence of other competing brands. Other companies rely in their industry on the scarcity of products and they do not need to conduct marketing campaigns because the demand for their products is high and does not stop and they do not have competitors and the market is able to support all producers.
Yeah, that's possible as long as there's still a profit margin regardless of how much they spend on marketing campaigns, they're still on a win there. They're getting repeat customers and at the same time, they only have to continue the marketing because there's already the audience and customers that have seen their products.

That's why if we look at the known brands, they never stop marketing their products. Despite that they're already known brands and products, they just won't stop advertising and that's the open secret for the businesses and companies that want to get known and be remembered by their customers.

Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
There are many ways to market their own products and of course they do not work alone, they certainly have members who are indeed experts in their own fields, whether it is from online marketing or direct marketing. To be able to market a product, of course, there is capital that must be spent to finance it all, with careful consideration, everything can be controlled. One of the most effective marketing methods today is online because currently almost everything can be said to be done online, whether it is purchasing or others.
This online marketing is widely carried out by sellers or a project whose goal is to reach more people to be interested in their products. In addition, even though they have to spend funds that may be large, such as renting property or even hiring a famous actor, it must have been considered by thinking about expenses and income that must be stable.
Of course man, no one does a one-man branding and marketing and that's why there are marketing experts that are being hired to do so. And you can't do it without having a budget, of course every type of marketing has a capital.

And the wise companies that are aware of every type of marketing, they still spend some money even in other types of marketing aside from doing online ads.

I know that it's quite old fashioned but print ads are still there, bill boards even in newspapers but online is the most effective nowadays.
hero member
Activity: 1792
Merit: 728
September 26, 2024, 05:33:11 PM
#50
Yes, that is one of the evidences that we can see that marketing is a practice that can never be separated from business, or it can also be said that marketing is one of the factors that has a major influence on the success of a business. There are so many marketing strategies that can be done by a company to make them better known in the community and also to increase sales of the products they offer, and maybe I will refer to the main point of the marketing action where a company or business actor must be right to take the risk first, in the sense of spending some money to pay for promotional advertising or applying a discount of several percent on the products they sell, and this action is also usually often done by a company when their sales income decreases or is a common action when they have just released a new product by giving a discount where the goal is to make many people interested in coming or buying.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
September 26, 2024, 05:09:28 PM
#49
Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
For many brands, this percentage can exceed 30% of the company's general expenses. There are brands that allocate much higher percentages to continuous marketing campaigns. This cost increases according to the increase in competition in the market, and its main goal is to keep the brand in people's minds and not forget it because of the existence of other competing brands. Other companies rely in their industry on the scarcity of products and they do not need to conduct marketing campaigns because the demand for their products is high and does not stop and they do not have competitors and the market is able to support all producers.

It's a very relevant issue, the costs distributed among different industries marketing and how it affects most brands that might have to spend a greater percentage of their budget on marketing just in order to sustain a level of awareness and remain competitive with a rise in competition. It's even more crucial investment to keep in mind when there is a surge in competition so that you don't get left behind.

Whereas, companies in niche markets with high demand can exploit the scarcity of nature. and is not going to require an intense marketing campaign. However, producing loyalty as well as establishing identity is productive to manage volatility in a market.

It reflects the necessity of a customization of the marketing system. What might work for one brand doesn't necessarily have to work for another. A golden mean has to be achieved between quality of product and marketing effort.

The huge budgets that companies allocate within their marketing strategies are not a problem in themselves, but rather the way these budgets are managed is the problem, or it can be said that it is the cause of several problems. One of the most prominent of these problems is that the intense competition between companies in a certain niche can cause more spending on these campaigns, which leads to an increase in the cost of production, which will inevitably lead to price inflation. Also, these huge budgets can lead to a widening gap between small and large companies, which will lead to limiting the growth opportunities for emerging companies, taking into account that the economic fabric of any economic system depends in more than 80% on small and medium-sized companies.
The biggest problem is that these issues cannot be studied from all sides and cannot be dealt with with the necessary efficiency due to free market policies.
hero member
Activity: 1162
Merit: 643
BTC, a coin of today and tomorrow.
September 26, 2024, 04:40:22 PM
#48
There is a saying that goes thus; "It is better to have a bad product and a good marketer than to have a good product and a bad marketer." Marketing is a while lot of things and shouldn't be under estimated.

Many people have their marketing strategies and I wouldn't fault them in as much as it works for them. But then, at a particular time, a given strategy will stop giving results and re-strategizing is expected at that time.
sr. member
Activity: 616
Merit: 291
Bitcoin in Niger State💯
September 26, 2024, 03:40:06 PM
#47
Good marketing can also but customers trust in the product. No matter how familiar coca cola or pepsi is we still see them making advertisements because they know that awareness is very important to their customers. Marketing is a good tools for a business to become successful. Also you will know the kind of marketing strategy that works for you.

You spoke well here. The significance of marketing in any business model cannot be overemphasized considering the impact a good marketing strategy has over the virality and popularity of the product or service being marketed. But a good marketing is not the ultimate price for a massive sale. The way the products are being packaged and the content it contains also matters a lot and adds to genuineness of the product. When selling a product, ensure it is marketable and make sure that it can motivate buyers to come back again after using it for the first time.
sr. member
Activity: 182
Merit: 120
September 26, 2024, 03:09:14 PM
#46
Op is right, you might not know what the company receives compared to their marketing skill but we can all tell when a company makes something good due to their marketing strategy and social audience in a social generation. In as much as a quality product doesn’t only attract much customers we still need to maintain what we offer and how we creat awareness matters, this is where marketing comes in including social or non social etc depending on the product type. Marketing have several success key and it’s obvious standard and quality service must be rendered also for example, companies create awareness but when it comes to service there’s no quality I bet people will still not find anything interesting, marketing and service works together in other words an organization can’t function proper without a good market plan.
sr. member
Activity: 462
Merit: 354
Trade Big, Win Bigger!
September 26, 2024, 12:49:26 PM
#45
You are right about this, it's a thing to market our product/service and attract more sales, but it is another to keep them coming for more. This is why the quality of the product and service you render must be good, but still, my conclusion was how I view them in the hierarchy of making the company successful, regardless, what you make your customers feel about your company matters most in long-term relationship, so don't sell bad reputation.

Absolutely right, But, Actually that is very difficult to do many entrepreneurs and on average they like to speculate, initially come with a good concept, pure and very maintain performance. slowly they themselves change the menu to be ordinary.

Actually the more products there are, the more choices there will be for users to choose which one is worth buying because the basic principle is liking and being interested in the products offered.
I think If you are deciding to do marketing, your thinking is very good because nowadays most of the people are very interested in marketing and many people have invested in it and started this work in their homes. At this time they are earning it very well and they also get knowledge of many things. If your product is good and you are offering it cheaper than others and it also benefits you, you will grow very quickly.

Put more effort into having the most differentiated product. Such work is done by those who do not care about others and they try to become famous in the market as soon as possible, but later they suffer from this. To work from home, one is to have more friendships with friends, which will lead to more products reaching more people, and the other is to use social media.
hero member
Activity: 1050
Merit: 844
September 26, 2024, 11:13:03 AM
#44
Absolutely right, But, Actually that is very difficult to do many entrepreneurs and on average they like to speculate, initially come with a good concept, pure and very maintain performance. slowly they themselves change the menu to be ordinary.

Actually the more products there are, the more choices there will be for users to choose which one is worth buying because the basic principle is liking and being interested in the products offered.

Demand and supply of products that are continuously available in the market will continue to exist as long as the product is still in demand by many people at this time. Because only two things can make each product more expensive in the market, namely because there are many enthusiasts and the other is because the supply is already quite limited while the interest of the users themselves continues to soar in the market.

Currently, entrepreneurs who have been successful and famous with the products they created previously are also still trying to create new products in order to be able to produce new money from the product in the future. So things like that cannot be denied because the competition in the market never stops as long as there are still those who make products differently with uses that are not much different.
full member
Activity: 490
Merit: 209
September 26, 2024, 10:13:11 AM
#43
Absolutely right, But, Actually that is very difficult to do many entrepreneurs and on average they like to speculate, initially come with a good concept, pure and very maintain performance. slowly they themselves change the menu to be ordinary.

Actually the more products there are, the more choices there will be for users to choose which one is worth buying because the basic principle is liking and being interested in the products offered.

When you are just starting you will want to reduce a a lot of things because what of you spend money on things that are not important and you need to draft out a plan so that you don't make decisions out of a tin air you have everything planned out and you will know what to do at a particular time. What matters the most is when you have a good plan ahead on your establishment because a lot of people complain about how they have gotten half way and the plan starts failing.

And you need to strength how you manage your products and marketing will be one of the tools that will help you with demand since supply will be taking Care of and you don't have to worry, just make demand your priority and everything will go smoothly. And true marketing you will be able to make them decide exactly the product you are going to sell for them, how you convince this people should be another priority so you focus on when you are doing business.
legendary
Activity: 2758
Merit: 1228
September 26, 2024, 08:11:39 AM
#42
Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
There are many ways to market their own products and of course they do not work alone, they certainly have members who are indeed experts in their own fields, whether it is from online marketing or direct marketing. To be able to market a product, of course, there is capital that must be spent to finance it all, with careful consideration, everything can be controlled. One of the most effective marketing methods today is online because currently almost everything can be said to be done online, whether it is purchasing or others.
This online marketing is widely carried out by sellers or a project whose goal is to reach more people to be interested in their products. In addition, even though they have to spend funds that may be large, such as renting property or even hiring a famous actor, it must have been considered by thinking about expenses and income that must be stable.

Its hard to market your product if you are starting up your business or service. Majority of people don't know your existence so the best thing he could able to do is to lower down the rates of his sold product or services so that he's price is appealing to his clients. His performance later on will determine the possible price he might come up in future since sometimes client satisfaction is important since they will bring more clients that will buy his services. Referrals is important with this kind of business. Once he earn and build up good track record to his clients and provide good products then everything will blow up especially if he add certain collaboration with famous internet personalities. To many effective methods is available to use but we also need to have good quality products so that there's no issue will come up to us and make sure those who avail are happy to use or receive the products we sell to them.
full member
Activity: 392
Merit: 130
PredX - AI-Powered Prediction Market
September 26, 2024, 06:23:52 AM
#41
You are right about this, it's a thing to market our product/service and attract more sales, but it is another to keep them coming for more. This is why the quality of the product and service you render must be good, but still, my conclusion was how I view them in the hierarchy of making the company successful, regardless, what you make your customers feel about your company matters most in long-term relationship, so don't sell bad reputation.

Absolutely right, But, Actually that is very difficult to do many entrepreneurs and on average they like to speculate, initially come with a good concept, pure and very maintain performance. slowly they themselves change the menu to be ordinary.

Actually the more products there are, the more choices there will be for users to choose which one is worth buying because the basic principle is liking and being interested in the products offered.
jr. member
Activity: 56
Merit: 15
September 26, 2024, 05:52:36 AM
#40
Marketing is a very important thing, a well known company but they bring a new product in the market but people don't know anything about that product then people won't buy this product. This company should start marketing before releasing that product. Marketing can be in many ways such as digital marketing online advertising and many more. At the end of the advertisement of the specific product, it should be mentioned which company this product is, then it will be seen that the demand of that company is gradually increasing in the market and the time opportunity should be found to suddenly bring that product to the market. So in all aspects I would say marketing is very important.
sr. member
Activity: 1400
Merit: 268
Fully Regulated Crypto Casino
September 26, 2024, 02:50:11 AM
#39
I do agree that even a well-designed product or service might be at a loss without proper marketing. That is indeed quite often the case, at least in the gaming and app worlds. The situation you described with the Telegram game does align with what's happening today in mobile game marketing. Such small or even medium-sized games invest in solid UI/UX but don't hit on the proper marketing strategies, hence their growth becomes stalled. That is pretty common-to see how some games get stuck at a low engagement level, though there are tonnes of followers on board.

When game developers collaborate with the right influencers or ad partner it more likely to have super-wild growth in just a few days. Equally significant, though, is a concrete, continuous content strategy that keeps those new followers coming back. Quick wins are cool, but to retain interest requires steady, thoughtful engagement. That just goes to show that good marketing can sometimes be more crucial than the product itself in today's world of visibility and growth.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
September 26, 2024, 02:44:23 AM
#38
But in just 3 days of noticing they've partnered with a good advertising outlet, could you believe that the followers jumped to over 1 million with over 750k views and the reaction has reached almost 200k from below 700? This is awesome! This can only happen with the help of "marketing," which I now value more than products and services in a business's success.
At first you can moved the post within yourself without even waiting for the admin and mod to move it to where you want it to be.
Oh, nice, I didn't know a Hero member has such power... Smiley I would be most appreciative if you could tell me how to do it next time. Though it has been moved as requested by a moderator, it's not too late to learn from you. However, don't bother if it's to erase the body, create it elsewhere and tell the moderator to delete the empty thread later.
Look down from your end at the left hand side you would see something like move topic and lock this topic then move topic, click on move topic then select on the board or section you feels like moving this topic to and it would automatically be posted there while this particular topic here will be locked and dropped a link like click here to continue discussion.
Could you believe I never knew this despite my year in the forum? Well, thanks so much for this useful piece.

Having quality products and services does help in retaining consumers. Reaching out to and getting these consumers is what's needed to be done and that's marketing comes in.
You are right about this, it's a thing to market our product/service and attract more sales, but it is another to keep them coming for more. This is why the quality of the product and service you render must be good, but still, my conclusion was how I view them in the hierarchy of making the company successful, regardless, what you make your customers feel about your company matters most in long-term relationship, so don't sell bad reputation.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
September 26, 2024, 01:32:27 AM
#37
No matter what you do, let your product/service be good, but let the marketing be "better," if not "best." Those popular companies are products of good marketing and this marketing is not all about you spending all the money, you can engage people in terms of affiliates and before you know it, it would have gone viral.
Lots of people get “scammed” because the marketing is so good, too good that the actual product does not reach the expectations people get from the marketing strategies done by the team. It is so easy nowadays to get viral due to the internet. If you know what’s trendy, you’d reach a lot of audience and let them be aware of your brand.
Quote
They might have tried some nonsense marketing system that gave them about 450k fake followers. I know it's "nonsense" since their posts hardly attracted 700 reactions (like, love etc) for months despite 450k followers with over 100k views.
Lots of followers but not much engagements? It just means that those followers are not organic. You can buy so many of the followers nowadays. There are bot accounts or spam accounts that are not really being used by actual people hence why even if these accounts follow you, there will be no interaction and engagement between them and the brand. This is a red flag because obviously they are just trying to make some hype by making it seem like they already have it.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
September 26, 2024, 01:26:12 AM
#36
Marketing is very important in your business because it will make more people to know about your product and bring good profit. There are a lot of similar business like yours that are in competition with you and because you are new, you need to have a good marketing strategy in order for your business not to remain stagnant. There are so many companies here that are marketing their casinos here by forum members and I believe there's is progress in their business since they have increased the company's awareness.

Good marketing can also but customers trust in the product. No matter how familiar coca cola or pepsi is we still see them making advertisements because they know that awareness is very important to their customers. Marketing is a good tools for a business to become successful. Also you will know the kind of marketing strategy that works for you.
It's true that marketing could make or break a business and I agree that it's something that could help with a lot. But at the same time EVERYONE says they are a marketing genius and I worked with a lot of them and they were all horrible. There was this "Norwegian" named telegram user for example, and everyone just promoted how he was some marketing wizard and he always made so much money to projects and all that, dude was probably not even Norwegian, he was probably just from somewhere who had much less money, and he hired some Bangladeshi person to just put up bots and increased the number, and called that marketing.

All he did was make it look like there was some super marketing going on, when in reality they were all bots, and he expected us to pay for that. People are all liars, do your own marketing, put up banners and make people see you, that's marketing, make youtube videos and make twitter accounts, and put up banners, and even tv commercials if a project makes enough money, and you should be getting real results.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
September 25, 2024, 09:20:43 PM
#35
Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
There are many ways to market their own products and of course they do not work alone, they certainly have members who are indeed experts in their own fields, whether it is from online marketing or direct marketing. To be able to market a product, of course, there is capital that must be spent to finance it all, with careful consideration, everything can be controlled. One of the most effective marketing methods today is online because currently almost everything can be said to be done online, whether it is purchasing or others.
This online marketing is widely carried out by sellers or a project whose goal is to reach more people to be interested in their products. In addition, even though they have to spend funds that may be large, such as renting property or even hiring a famous actor, it must have been considered by thinking about expenses and income that must be stable.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
September 25, 2024, 08:49:43 PM
#34
This post might mean nothing to many of you, but to me, it means a lot and is proof that you might have all creativity, best service and genuineness but still lavish in failure with your business if there is no quality marketing. No matter what you do, let your product/service be good, but let the marketing be "better," if not "best." Those popular companies are products of good marketing and this marketing is not all about you spending all the money, you can engage people in terms of affiliates and before you know it, it would have gone viral.

What shocked me and even brought about this post was an in-game on Telegram that I joined through a Medium article about 3-4 months ago. The developers had good prospects and gave quality UI & UX etc, but they struggled to sell what they offered for months. They might have tried some nonsense marketing system that gave them about 450k fake followers. I know it's "nonsense" since their posts hardly attracted 700 reactions (like, love etc) for months despite 450k followers with over 100k views.



But in just 3 days of noticing they've partnered with a good advertising outlet, could you believe that the followers jumped to over 1 million with over 750k views and the reaction has reached almost 200k from below 700? This is awesome! This can only happen with the help of "marketing," which I now value more than products and services in a business's success.





Indeed, for me even with the best products, they are liable to go down the drain without a proper marketing strategy in place. Your example yields the importance of getting your message to the right audience and capitalizing on leads that are real. Instead, it relies heavily on an enormous amount of followers who don't do much in terms of real engagement.

An effective marketing activity goes beyond mere visibility, it builds trust and relationships with a potential customer. What you notice about the appeal of this game after partnering with a good advertising agency is just a powerful reminder that marketing strategies can lead to huge growth. It's not always a matter of how much money is being spent but rather how a right message is done and finding the right settings in which to share it.

At the end A great marketing strategy can take a good product to the next level. Therefore, it becomes inevitable for any business aiming for competitive advantage

Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
For many brands, this percentage can exceed 30% of the company's general expenses. There are brands that allocate much higher percentages to continuous marketing campaigns. This cost increases according to the increase in competition in the market, and its main goal is to keep the brand in people's minds and not forget it because of the existence of other competing brands. Other companies rely in their industry on the scarcity of products and they do not need to conduct marketing campaigns because the demand for their products is high and does not stop and they do not have competitors and the market is able to support all producers.

It's a very relevant issue, the costs distributed among different industries marketing and how it affects most brands that might have to spend a greater percentage of their budget on marketing just in order to sustain a level of awareness and remain competitive with a rise in competition. It's even more crucial investment to keep in mind when there is a surge in competition so that you don't get left behind.

Whereas, companies in niche markets with high demand can exploit the scarcity of nature. and is not going to require an intense marketing campaign. However, producing loyalty as well as establishing identity is productive to manage volatility in a market.

It reflects the necessity of a customization of the marketing system. What might work for one brand doesn't necessarily have to work for another. A golden mean has to be achieved between quality of product and marketing effort.
hero member
Activity: 2338
Merit: 757
Top-tier crypto casino and sportsbook
September 25, 2024, 05:05:57 PM
#33
Companies or projects need some catchy ways of getting the attention of the masses. Some does it through organic way of gaining followers and users and most does spend a lot of money to market the projects or products that they have.

With channels that are everywhere with the use of internet and someone who knows how to maximize the exposure and engagement of these companies really gets to enjoy the effectivity of it and converts it into sales.

And that is why it is not surprising if companies spends from thousands to millions of dollars into marketing because that's probably just 10%-20% of their income and are convertible into sales profits in gross.
For many brands, this percentage can exceed 30% of the company's general expenses. There are brands that allocate much higher percentages to continuous marketing campaigns. This cost increases according to the increase in competition in the market, and its main goal is to keep the brand in people's minds and not forget it because of the existence of other competing brands. Other companies rely in their industry on the scarcity of products and they do not need to conduct marketing campaigns because the demand for their products is high and does not stop and they do not have competitors and the market is able to support all producers.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 25, 2024, 04:46:38 PM
#32
Marketing is the only way to reach potential audience so without it there no way of selling your goods is possible no matter how quality it is and also it's important to keep reminding the brand value even if the company is already established all around the world and the best example can be cocacola which is a beverage that's known to more than 95% of the world's population but why they still spend millions of dollars on advertisement which sums up the significance of marketing is important for being successful.

Advertising is indeed vital in reaching out potential customers, as the presence of it will entice those non-consumers to try the product or the services. As it will create curiosity if they are seeing it more often, what they will do is find out what it is.
And just look at those brands that are still popular today, their ads never seems to go away. They always make sure they have some sort of activity for their consumers.
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