Get All Access for $5/mo

The Four Pillars of Marketing Every marketing plan should incorporate these four critical elements.

  • Personal selling refers to sales done face-to-face, whenthe prospect is right in front of you. It includes retail sales,professional services selling and a healthy percentage of B2Bsales.
  • Advertising refers to paying for media space or time inwhich to sell your product at a distance.
  • Promotion is a short-term activity, directed at eitherthe distributor or the purchaser to boost sales for a limited timethrough special pricing or other offers. Of course, the goal is forthe short-term increase to lead to an incremental gain. Promotioncan include advertising and personal selling.
  • Public relations is the marketing effort you undertaketo expose your product to potential customers and other interestedparties through the press, trade media and special media-relatedevents.

Excerpted from Knock-Out Marketing: Powerful Strategies to PunchUp Your Sales

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

6 SEO Tips to Help You Rank in the New Era of Quality Content

What is the best SEO strategy after Google's March 2024 core update? Here's what you need to know.

Business News

Paramount Leadership Alludes to Layoffs If Merger Does Not Go Through

Paramount is awaiting approval on its merger with Skydance Media from majority shareholder Shari Redstone.