Anywhere Business October 2016 | Page 3

Quotes The Secret of business is to know something that know one else knows Marketing Failure Reasons Common reasons for product failures Some of the most common reasons for product failures typically fall into one or more of these categories: If One does not know to which port one is sailing, no wind is favourable       There is only one bos the customer. And they can fire everybody in the company form the boss on down, simply by spending there money elsewhere       Faulty concept of product design High level executive push of an idea that does not fit the targeted market. Overestimated market size. Incorrectly positioned product. Ineffective promotion, including packaging message, which may have used misleading or confusing marketing message about the product, its features, or its use . Not understanding the target market segment and the branding process that would provide the most value for that segment. Incorrectly priced—too high and too low. Excessive research and/or product development costs. Underestimating or not correctly understanding competitive activity or retaliatory response. Poor timing of distribution. Misleading market research that did not accurately reflect the actual consumer’s behavior for the targeted segment. Conducted marketing research and ignored those findings. To find out more go to our website A brand for a company is like a reputation for a person. You can earn reputation trying to do hard things well My Digital shop This has some great title that I have used to motivate myself into doing what I do…… I decided to have a shop as I could never lay my hands on the titles and have sourced the titled directly to Amazon in the US for your convenience! Have a browse