To
fully grasp the importance of marketing you must be aware of two essential traits.
First, brand management. Brand management enables proper planning on techniques
to position your brand while carefully choosing a target audience. Second, Internet
marketing. Internet marketing is now the keystone for advertising using social
media through the use of Facebook, LinkedIn, and other social media sites.
Brand Management is vital in marketing. Without proper
management new products would fail and existing products would crumble over
time. Developing an image and position is half of the battle. Brand managers,
“are the key persons to plan, develop and implement marketing initiatives and
activities for their brands or products(Advertisers, 2014)."
“The Internet has drastically altered the way in which
information is shared, and has had a profound impact on marketing (DeMers,
2013)." Advertising products on the Internet allows a larger diversity of people
to view your products, which increases product awareness. With more and more
people surfing the web on Facebook, LinkedIn, Twitter, and even Google, it allows
the product to constantly be in the view of someone. The Internet opens to the
door to fresh ideas, which enables the world to see and not just a select audience.
Without proper use of brand management and the use of the
internet, new products are at a high risk of failing. However, with the proper
use of these two traits it creates endless possibilities for a product to
succeed. Creating new keys for the product to be locally and even globally known
with your distinct brand.
References
Advertisers, A. o. (2014). Brand Management Fundamentals.
Retrieved from ANA: http://www.ana.net/training/course/id/BMF
DeMers, J. (2013, September 17). The Top 7 Online
Marketing Trends That Will Dominate 2014. Retrieved from Forbes:
http://www.forbes.com/sites/jaysondemers/2013/09/17/the-top-7-online-marketing-trends-that-will-dominate-2014/