Value Innovation Consulting is a Saudi consulting firm specializing in providing innovative solutions and integrated consultations. We strive to deliver real added value to our clients by deeply understanding their needs and offering strategic approaches that enhance the efficiency and utilization of their operations.
By : Value Innovation Consulting Team
There are four main pillars for any project that we will briefly discuss, along with the most important questions you should ask before starting your business and again when writing your marketing plan. If you can't answer any of these questions, review your product or service thoroughly.
The main pillars are: (product or service, location or method of customer access, promotion and advertising, pricing).
Product or Service
Here are the three key questions regarding this:
Location or Method of Customer Access
Here, we refer to either the physical location or the method by which customers will access your product or service, as in tech-based projects.
There is a funny story that says McDonald's invests huge amounts of money in finding the right location, while Burger King saves those funds by opening branches next to McDonald's.
Promotion or Advertising
Pricing
(Considered one of the most important marketing tasks, not accounting, as many small business owners think.)
These four points and their associated questions form the foundation of marketing. You should never start a project or offer a product or service without answering them, no matter the reason. Good luck, insha'Allah.
