The product conception deals with the product and its characteristics. Various aspects, such as whether the product represents a new development or further development, which functions it serves, how it is designed, what sizes and amounts are to be distributed, the desired quality of the product, its image and position on the market, and its corresponding services and warranties are hereby determined. On the completion of a product’s development, its technical factors and functionality are tested.
In the second column of the marketing mix, prices and conditions for the product are set. At this point, the production and distribution costs, as well as customer service fees must be calculated. It is also important to consider the target audience and market range, in order to determine what price is appropriate for the customer. The calculation also takes other factors into consideration, such as discounts, quantity premiums and payment conditions.
The distribution policy determines the manner in which the product reaches the customer. The essential differences between direct and indirect distribution are ascertained. The main focus of direct distribution is placed on available personnel and their fees, whereby the main focus of indirect distribution is placed on independent distribution channels and regulation. Details, such as storage, transportation and facilities are also resolved.
Im Bereich Online Marketing ist hier vor allem auch der Online-Vertrieb interessant. Konkret Shopsysteme im Internet und die Technik dahinter, die für einen reibungslosen Ablauf und die optimale Darstellung der Produkte sorgt. Wichtige Bestandteile sind in diesem Schritt auch das Content Marketing, die On Page Optimierung des Shops und die Conversion Optimierung, die dafür sorgt, dass Produkte tatsächlich gekauft werden.
The communication policy, or product promotion determines the advertising methods and measures for sales promotion and tentative private sales. At this stage, advertising channels and PR methods are ascertained and a budget is set. Here, it is important to consider the particular audience targeted by the individual advertising channels in the communication strategy.
