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	<title>HIBC &#187; customer perspective</title>
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		<title>How can we revise the marketing mix 4Ps to be more customer focussed?</title>
		<link>https://www.hibc.co.uk/the-marketing-mix-4ps/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-marketing-mix-4ps</link>
		<comments>https://www.hibc.co.uk/the-marketing-mix-4ps/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 22:01:08 +0000</pubDate>
		<dc:creator>Keith Allsopp</dc:creator>
				<category><![CDATA[blogs]]></category>
		<category><![CDATA[buying mix]]></category>
		<category><![CDATA[Keith Allsopp]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketing mix]]></category>
		<category><![CDATA[customer perspective]]></category>
		<category><![CDATA[product management]]></category>
		<category><![CDATA[product marketing]]></category>
		<category><![CDATA[product strategy]]></category>

		<guid isPermaLink="false">http://www.hibc.co.uk/?p=808</guid>
		<description><![CDATA[I want to take a swipe at the traditional 4Ps of the marketing mix which business schools have considered &#8220;de rigeur&#8221; for decades. We are all familiar with the marketing mix 4Ps: Product, Place, Promotion &#38; Price, with Physical Evidence,   &#8230; <a href="https://www.hibc.co.uk/the-marketing-mix-4ps/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>I want to take a swipe at the traditional 4Ps of the marketing mix which business schools have considered &#8220;de rigeur&#8221; for decades.</p>
<p>We are all familiar with the marketing mix 4Ps: Product, Place, Promotion &amp; Price, with Physical Evidence,   often added as an optional extra (some will add a couple more Ps).  I&#8217;ll happily discuss the marketing mix and how we can use these headings to shape our approach to the market and I&#8217;m not suggesting we should abandon them entirely.  But, and here&#8217;s the swipe, these are approaches from the supplier side.  What about the customer perspective?</p>
<p>Yep, radical as it may seem we need to view these elements from the customer perspective.  I suggest that for each P also consider what I call &#8220;the buying mix&#8221;.  Let&#8217;s apply some letters (this is not original, but can&#8217;t recall where I got it from during my studies all those years ago) and &#8220;A&#8221; will do nicely:</p>
<p>Product: <strong>Acceptability</strong> &#8211; how acceptable to your target customer(s) are the products or services: do they do meet the buyers&#8217; requirement(s).<br />
Place: <strong>Availability </strong>- where and how readily can your customer(s) get their hands on your products or services.<br />
Promotion: <strong>Awareness </strong>- how and how easily can your customers find out about  your products and how to get them.<br />
Price: <strong>Affordability</strong> &#8211; you may think it is a good and fair price but can your target customers actually afford it.</p>
<p>Just to make sure we haven&#8217;t missed any, let&#8217;s also take Physical Evidence&#8230;how about <strong>Aesthetics</strong> or <strong>Appearance</strong>&#8230;which offer a differentiation from whether a product does the job by adding the very important elements of fashion, smell or  cleanliness (quite important for a restaurant don&#8217;t you think!).</p>
<p>So, for a really customer focussed approach, think <strong>buying mix 4As and marketing mix 4Ps</strong>.</p>
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