Marketing is one of the strongest pillars of business. A business might work without a proper marketing strategy.
An efficient marketing strategy has always been one of the most important reasons for the success of a business.
The advancement in technology has changed the dynamics of marketing strategies but there is no chance of a decrease in the importance of marketing.
With the advent of eCommerce, certain changes in marketing dynamics were observed but the fundamental rules of marketing are still intact.
B2C (Business to Consumer) industry has gained a lot because of the rising trend of eCommerce.
However, for any business from any industry, having an effective ‘Marketing Mix’ is really important.
The overall trend of business online has transformed marketing into digital marketing.
Fundamental rules for marketing are similar in the case of digital marketing as well. Marketing strategies were based on 4 components for a long time ago.
These 4 components were called the 4 Ps of marketing. The 4 Ps rule still stands true in the case of digital marketing.
These 4 P’s are Product, Promotion, Price, and Place. We will discuss how these 4 P’s are still working in digital marketing and how a business could build its digital marketing strategy around these 4Ps.
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The detailed discussion of 4 P’s with respect to digital marketing is given below: