A-Z Popular Blog Marketing Search »
Marketing
 Advertisements
Marketing Guides
Marketing
Key Concepts
Sales

Marketing
Related Topics
Pricing

Promotion

Distribution Strategy

Branding

Marketing Metrics

Product Development

28 Examples of Marketing Principles

 ,
Marketing principles are the foundational elements of the marketing mix that can be crafted and controlled to improve value creation, delivery and capture. These all start with "p" and are alternatively known as the 7ps of the marketing mix. Each of the principles is listed below with examples.

Product

The value of your product or service to the customer. This includes how well the product serves customer needs and customer perceptions of the product.
A vehicle that is perceived as unusually safe.
A smartphone that is pleasing and productive to use.
A drill that has the features, performance and durability that carpenters and other tradespeople require.
A cosmetic product with few ingredients that is perceived as natural and healthy.

Price

Price is marketing gravity as customers will often chose the lowest price where they see no significant difference in quality. Even if you have a high quality product such as a luxury good, your price may dramatically influence sales volumes.
A fast food restaurant that can offer low prices due to the economies of scale achieved by its business.
An ecommerce site that offers lower prices for food than a major competitor.
A luxury chocolatier that purposely sets prices at the high-end of the market with a policy of never offering sales or discounts of any kind.
The cheapest drill that has all the features and durability required by tradespeople such that it is regarded as the best value on the market.

Place

Being at the right time and place to win the customer.
The only cafe on a popular beach.
A hobby shop in an obscure location such that only dedicated customers are likely to make the trip.
A small software company that secures a satellite office in a major banking district to be close to large customers and to have a high status address for business cards.
An ecommerce company with a large network of strategically located warehouses and customer service centers that allow it to offer faster delivery than most of the competition.

Promotion

The process of communicating your value to the customer.
An ecommerce seller who secures digital ads on an ecommerce site for searches related to their products.
A fast moving consumer goods company that pursues large global ad campaigns each year using mass media to build and sustain close to universal brand recognition.
A nightclub in a small university town that hires a promotion manager who knows thousands of people who know hundreds of people. The manager is able to single-handedly fill the club by promoting through social media and word of mouth.
A cafe that offers small but useful discount coupons to every customer with every purchase such that repeat visits increase and the cafe acquires more and more regular customers.

People

Your employees and the social processes that surround your product such as word of mouth.
An airline with unusually professional, patient, diligent and friendly staff.
A small software company with a head of sales who knows everyone in the industry such that they can regularly introduce high value opportunities and influence them to close.
A brand of snowboard bindings becomes popular amongst young freestyle snowboarders who have much influence on the culture surround the sport.
A cafe is able to retain a personable employee for the morning take-out rush for over a decade. This employee establishes rapport with customers and makes the morning coffee routine feel social and engaging. When the employee leaves, morning coffee sales go into a steep and prolonged decline.

Process

The processes that surround your products and services such as order fulfillment and customer service.
A fast food restaurant with processes that ensure food is consistent from location to location and from day to day.
An ecommerce company that warns a customer that an order will be late and apologizes in advance.
An airline with rigorous maintenance processes that contribute to a reputation for safety.
Users commonly know that the search box on a social media site is terrible. This broken functionality harms the business year after year but the business has no customer advocacy process to turn customer feedback into improvements.

Physical Evidence

The physical realities of your product or service beyond the product itself.
A hotel room that is far too hot for the average customer with insufficient ability to control the temperature.
An engagement ring that comes in beautiful and iconic packaging and ring box.
A boutique clothing shop carefully crafts every aesthetic element of the shop including obscure details such as mirrors that tend to create a positive reflection.
A jazz bar that serves every drink in expensive glasses that are correctly selected for the drink.
Overview: Marketing Principles
Type
Definition
The foundational elements of the marketing mix that can be crafted and controlled to improve value creation, delivery and capture.
Also Known As
7ps
Marketing Mix
Related Concepts

Marketing

This is the complete list of articles we have written about marketing.
Above The Line
Absolute Advantage
Active Customers
Active Users
Added Value
Adoption Lifecycle
Advertising
Advertising Strategy
Algorithmic Pricing
Alliance Marketing
Attribution Marketing
Augmented Reality
Backward Invention
Barriers To Entry
Below The Line
Bliss Point
Brand Awareness
Brand Engagement
Brand Identity
Brand Loyalty
Brand Recall
Branding
Bricks And Clicks
Business Operations
Business Principles
Business Strategy
Buyer Persona
Call To Action
Channel Conflict
Channel Management
Channel Strategy
Channel Structure
Churn Rate
Competitive Threat
Complex Sales
Conversion Rate
Corporate Governance
Cost Leadership
Cost Per Lead
Cross-Selling
Customer Advocacy
Customer Analysis
Customer Dissatisfaction
Customer Experience
Customer Interactions
Customer Issues
Customer Journey
Customer Loyalty
Customer Marketing
Customer Motivation
Customer Relationships
Customer Service
Customer Value
Demand Generation
Differentiation
Digital Channels
Digital Marketing
Direct Marketing
Drip Marketing
Figure Of Merit
Flat Pricing
Go-To-Market
Gross Margin
In-Store Marketing
Lifestyle Brand
Market Analysis
Market Environment
Market Intelligence
Market Power
Market Price
Market Research
Market Research Analysis
Marketability
Marketing Automation
Marketing Benchmarks
Marketing Campaign
Marketing Channel
Marketing Communications
Marketing Costs
Marketing Economics
Marketing Experimentation
Marketing Metrics
Marketing Mix
Marketing Plan
Marketing Principles
Marketing Strategy
Marketing Strategy
Marketing Technology
Marketing Theory
Media Planning
Merchandising
Niche
Omnichannel
Penetration Pricing
Personal Selling
Positioning
Positioning
Premium Pricing
Premiumisation
Price Discrimination
Price Economics
Price Leadership
Price Points
Price Sensitivity
Price Skimming
Price War
Pricing
Pricing Objectives
Pricing Power
Product Development
Product Differentiation
Product Identity
Product Launch
Product Management
Product Quality
Product-as-a-Service
Promotion
Promotion Strategy
Public Relations
Pull Strategy
Relationship Marketing
Remarketing
Sales
Sales Development
Sales Strategy
Scarcity Marketing
Segment
Soft Selling
Strategy
Sustainability
Switching Barriers
Target Market
Test Marketing
Through The Line
Time To Market
Traditional Marketing
Value
Variable Pricing
Visual Merchandising
Wallet Share
Word Of Mouth
If you enjoyed this page, please consider bookmarking Simplicable.
 

Marketing

A list of key marketing strategies.

Brand Values

An overview of brand values with a list of examples.

Brand Recognition vs Brand Awareness

The difference between brand recognition and awareness explained.

Customer Service Quality

An overview of customer service quality with examples.

Marketing Environment

An overview of the marketing environment with examples.

Customer Interactions

An overview of customer interactions with examples.

Marketing Management Examples

An overview of marketing management with examples.

Service Experience Examples

An overview of service experience with examples.

Customer Issues

A list of common customer issues.

Types Of Brand

A list of common types of brand.

Brand Voice

An overview of brand voice with examples.

Sales Strategy

A list of sales strategies.

Advertising Industry

An overview of the advertising industry with examples.

Marketing Theory

A list of weird concepts that are only used by marketing teams.

Positioning

An overview of brand and product positioning.

Drip Marketing

An overview of drip marketing.

Customer Retention

An overview of customer retention with examples.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map