Showing posts with label marketing strategy. Show all posts
Showing posts with label marketing strategy. Show all posts

Sunday, 18 March 2018

Focus on customer user experience - SHS ADVISORY GROUP

Customer experience is nothing but an experience that an individual customer gets when he interacts with a product in particular environments under certain conditions. Customer user experience can be evaluated by using several business techniques.
It involves huge number of customer involvement in business.
Quality of products & services plays an important role in customer involvement.

Why customer is so important for business?

Business is meant for customer use. If customer satisfaction increases, automatically the business reaches to new heights.

How can we increase sales in business?

The main marketing strategy used in business sale are
- Cross selling
- up selling

Cross selling:-
 Cross selling is a business technique that invites customer to purchase related items to make a profitable sale

Up selling:-
Up selling is a business technique that invites customer to purchase higher end product to make a profitable sale 

Thus the combination of cross selling and up selling is used to maximize the business profits.

Friday, 9 March 2018

SHS Advisory group- business consulting companies on market strategy

The group of consumers, customers, clients and the distinction between need and want, from the perspective of product and service functionality, ownership and use value and meaning branding, dependence and performance perception, brand value and competitive advantage marketing communications projection of ideas and concepts to target markets is collectively known as marketing strategy.

There are number of tools that are using by different companies while expanding its market from nation to global. One of the important tools for strategic planning is SWOT analysis.

Here S represents strength
Here W represents weakness
Here O represents opportunity
Here T represents threat.

Thus SWOT analysis is mandatory for a company, if a company want to remain and want to get success in market for long period of time. 

Scenario planning also plays an important role in marketing strategy. In scenario planning, organizations can look at a preferred prospect condition and observe what they have to perform to obtain to that end.

ROI (Return On Investment), cash flow, market share and maximize profits are the four main objectives effected from prices.
 
The psychological contract must tell about the role & responsibilities of employees and should give information about the roles & responsibility of employees.