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

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

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.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.