Marketing vs Product

Marketing Pros

Product Cons

Builds customer loyalty when your service or needs meets the consumer specification

Attract customers when it's modified with customers' preference

Conclusion

Companies can react more quickly to market trends.

Lower risk, more successful sales.

Product Pros

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Marketing Cons

Less competition

Can potentially be very sucessful

At first it would not be necessary to keep up with the trends

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Some can tkae you product make it better na dother companies can do so and your company will be less known

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

Employess will be more happier because they are less frustarted consumers
consumers are happy becayuse tey are getting what they want and since workers are happy thye will be more nicer to consumers


Costumer feedback is efficient because they know what they wnat whne it comes to these products tailored to them so they can easily inform what the cmapny needs to change baout their product

Higher risk for failure as you are not creating a product that the public demands

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.

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.

Narrow branding may occur when the company did not actually specifies the message and image of the product