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Marketing vs Product, Product Cons, Conclusion - Coggle Diagram
Marketing vs Product
Marketing Pros
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Lower risk, more successful sales.
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Marketing Cons
More money will be needed to go to research of audience
- you will need to research wnats and needs of consumers
If you don't have enoguh resources you will have to hire marketing firms which will cost more money
- It also uses a lot of time
You will need to always keep up with the trends
- trends move on fast it is hard to keep up
- Company will losse it's uniquness
It is Tough to plan ahead the reaosn being you can't predict what cosumers wnats and needs will be next
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Narrow branding may occur when the company did not actually specifies the message and image of the product
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Product Cons
Some can tkae you product make it better na dother companies can do so and your company will be less known
Missed Marketing oppurtunities because when it comes to marketing thye cna give people feelings about prroducts and cause consumer to buy them but with the product approack you can't do that with the product approach.
Conclusion
In conclusion, we think the product approach would be better because chasing trends takes less time and money. It is also precarious because you cannot predict future customer wants and needs, which could lead your business to a lack of relevancy. In contrast, when it comes to the product you are creating something new, you do not have to keep following trends, and there is a possibility of great success and much less competition.