MARKETING STRATEGIES FOR INDUSTRIAL PRODUCTS
There are some
strategies which I would prefer to do marketing for these types of industrial products-
STRATEGY
NO-1
Key things to consider
when marketing these products are:
- As a marketer for these kinds of industrial applications or
products, a lot of focus needs to be placed on reinforcing the BRAND NAME .
Sounds simple – but a number of PR and marketing professionals go off on a
tangent promoting this benefit or that feature and forget to focus on
pushing the strongest feature an industrial product has – its brand name.
just for example When a widget breaks, the engineer doesn't go onto the
internet and type in that he is looking for an a widget that does XYZ – he
types in the brand name of the widget that's damaged and then tries to
find who his closest local supplier of the same widget is. It's not
particularly exciting from a marketer's point of view – but imperative if
you want the brand to be found.
- Your keywords and brand name are coming up consistently well
in search engines and you are getting referrals and website traffic, this
means the strategy is paying off. So I would prefer to do online marketing
first from various industrial products seller like
www.tradeindia.com and many more are there to sale your
products and promoting your brand.
STRATEGY NO-2
If your agency or
marketing manager can put a well-presented CASE STUDY OR PRESENTATTION in front
of 20 of the right consumers, presented in a format and language that is easy
to understand, you may find your return on investment is better than if it were
simply blanket editorial or advertisement in any publication and newspaper which
might consider using your article as a space filler.
STRATEGY NO-3
I know that the links
to four marketing strategies mainly are
- Market Penetration,
- Product Development,
- Market Development
- Diversification.
So as per these strategies firm selling industrial products or services
like your company tries to find new business opportunities, various marketing
mix activities can serve to limit or enhance the chances for success.
These activities
include-
- Training
Existing/New Sales Staff,
- Better
use of Capacity
- Hiring
additional Sales Staff
- Selling
present offerings to New Markets with present distribution channels
- Adding
New Outlets, channels or offices
- Changing
Trade Promotion Spending
- Changing
Advertising Spending
- New
Product Development
- Competitive
Pricing of the product line
- Launching
a new Advertising Program
- Need
for providing technical information about the product to salesman & consumer
- Customers
to be contracted are fewer in number.
- The
channels of distribution involved are shorter & quicker
- Necessity
for a direct contact between producer and user especially for rendering
'pre-sales' and 'after-sales' services.
STRATEGY NO- 4
Personal
Salesmanship is, therefore, highly needed in the industrial goods market.
Whether it is the selling of raw materials or supplies or selling the capital
equipments, the services of an efficient a trained salesman are inevitable. He
must have technical knowledge of his customer's production processes. He should
also have the ability to convince the customers of the savings resulting form
the purchase of the equipment or material he wants to sell. It is also his duty
to provide sample for 'trial running'. The nature of the salesman's job is dependent
on the buying situation.
STARTEGY NO -5
SOME PROMOTIONAL
OFFER
- Provision of guarantees
- Free goodies
- Increase credit period
- Quick Transportation System
- Personal attention
- After sales service
- Provide free samples
How to
do advertising
Still, advertising
is meaningful as the demand for industrial goods. It is concerned with
conveying information about a product or a service, and the company producing
that product to potential buyers. In the case of consumer products
advertisements are given through all the possible media. But in the case of
industrial products this method cannot be applied as the number of buyers is
small. In other words, the type of media used will depend largely upon the
market and the type of media used will depend largely upon the market and the
type of product.
- In an industrial market environment, radio
or television advertising can seldom be justified,
- Other mass media such as
national and trade press are often effective.
- Where, government departments
and public authorities are the main product outlets,
- Direct mail of high quality product
literature would be apt.
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