What is the marketing process?
Marketing process: The marketing process is a systematic approach used by the marketer to understand their market and consumer and their market goal. The marketing process has 5 steps.
1. Understand the Marketplace: businesses must be well aware of the composition of their market; this is for providing fundamental information about the target market, source of income, purchasing power, etc.
2. Develop a marketing strategy: identifying the audience’s needs, wants, and demands is critical for developing a marketing strategy that satisfies the needs of the customer.
3. Constructing and integrating a market plan: After developing a market strategy, construct a market plan that helps to grow your business.
4. Built a profitable relationship: In this step, you will contact your audience and build a relationship with your target audience. A good relationship with your customer will help build a good relationship.
5 Capturing value from the customer: After all these processes, the last step is taking feedback from your customer. Customer feedback is very important for us
beautifully explained
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