Marketing Mix of Facebook
Marketing Mix of Facebook
Marketing Mix of Facebook
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PRODUCT: Product refers to a physical product or a service or an idea which a consumer needs and for which he is ready to pay. Physical products include tangible goods like grocery items, garments etc. Services are intangible products which are offered and purchased by consumers. Services may involve also an innovative idea on any aspect of operation. Products is the key element of any marketing mix. PRICE: Price is the amount charged for a product or service. It is the consideration paid by consumers for the benefit of using any product or service. Price fixation is an important aspect of marketing PLACE: Place is another important element of marketing mix. Once the goods are manufactured, packaged, priced and promoted, they must be made available to the consumers. Activities related to placing the products are covered under this element of marketing-mix. It consists of decisions relating to channels of distribution and physical distribution.
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PEOPLE: People refer to all people directly or indirectly involved in the consumption of a service, example employees or other consumers,
PHYSICAL EVIDENCE: Physical evidence refers to the environment in which the service is assembled and in which the seller and customer interact, combined with tangible commodities that facilitate performance or communication of the service. The physical evidence of service includes all the tangible representations of service such as brochures, letterhead, business cards, reports, signage, internet presence and equipment.
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WEAKNESS ES
Vista or XP Harder To Customize Harder To Judge by First Impressions No shortcuts on the Profile page Viral Potential Restricted Advertising Designs Flash Distractions
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THREATHES
Competition: MySpace Cheaper technology Maturing categories, products, or services Product substitution Controls what people see Spamming/Spam No email controls Commercialized if sold
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THANK YOU
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