You may have seen that there are numerous producers of the same product in your area, but some of them sell their wares quickly and effectively while others must wait for clients to enter their stores.
Many of them have interpersonal communication skills. They are knowledgeable about the products they are offering as well as how to interact with customers. And they do it in a really unique way. They attract a sizable number of loyal clients as a consequence of their polite behaviour and effective communication, which aids in the smooth operation of the firm. Other elements, including appropriate conduct and effective communication, have an impact on a company's sales. Working on these 4Ps brings a business closer to its customers and helps improve product and company sales. 4Ps concept in our agarbatti business.
Product: The product that a company offers to its clients is the good or service. A product should satisfy the customers' specific needs or establish a market among the customers, making them believe they need the product. For example, offering a broad variety of agarbattis with different fragrances and uses that are in great demand from customers.
Price How much money will the customers pay for a product? The answer to this question describes the second P of the 4Ps. While pricing a product, we need to consider the following:
- How much should be the price of the item?
- At what price are other competitors selling the item
- Is the more significant section of customers have the ability to pay that price
Place: Any firm must consider location as a key component. If you want to offer your product to end consumers directly, you must choose a location with good visibility and a healthy volume of foot traffic. The majority of homes regularly utilise agarbatti. Therefore, it would be advantageous to set up your retail stores next to a residential area. Here, the Agarbatti maker will decide where to sell the product and how she will deliver the product to the arranged place. The agarbatti maker should consider the following:
- Accessibility of people to the place where the shop located
- Considering local competitors who are running the similar shop
- Displaying the agarbattis so a customer can easily access her preferred stuff or beautifully placing varieties of agarbattis in order so customers can easily
- Find the agarbattis of their choice.
Promotion includes advertising the product and making good relations with people using practical communication skills. Here, the seller should:
- Talk with the people who will buy the product and explain why they need it and why they should pay a specific price.
- Pay full attention to the customers and listen to them carefully.
- Give some price discounts to customers who are buying a larger quantity.
- Advertise your product through a sign board and banners in different places in your locality.