Answer:
In the case of Dylan Parker who wants to market his silver selling business he needs to consider the following strategies;
1. Do more research on the cost that go with the mining and related costs of extracting the silver.
2. Do research on the market price of silver and maybe provide a better service at the same price or adjust his price slightly lower than the market price to gain customers
3. Determine the target customers. Knowing the socioeconomic status of his customers will go a long way in his dealings with his potential customers
4. With all this information he can go on an advertising campaign that targets his audience
5. Market his product via social media and online platforms. Most people nowadays have an access to the internet using either a computer or a smart phone. Some of these people form the prospective customers.
6. He should use all the branding techniques to create his own trusted brand.
Step-by-step explanation:
Marketing alludes to a procedure that utilizes various tools whose aim is attract a wider audience . The strategy is always to transforming the target audience to customers. A good marketing campaign procedure contains the organization's incentive, key brand information, information on target client socioeconomic, and other significant components.
An effective marketing campaign should be deeply rooted in shifting the perception of the target customers in such a way that they view that product of a higher value than other products of a similar nature in the market. Once the campaign convinces the mind of the potential customer, we can say that the company has a competitive advantage over the other products in the market and thus a higher probability of transforming the prospective consumers into customers.
In the case of Dylan Parker who wants to market his silver selling business he needs to consider the following strategies;
1. Do more research on the cost that go with the mining and related costs of extracting the silver.
2. Do research on the market price of silver and maybe provide a better service at the same price or adjust his price slightly lower than the market price to gain customers
3. Determine the target customers. Knowing the socioeconomic status of his customers will go a long way in his dealings with his potential customers
4. With all this information he can go on an advertising campaign that targets his audience
5. Market his product via social media and online platforms. Most people nowadays have an access to the internet using either a computer or a smart phone. Some of these people form the prospective customers.
6. He should use all the branding techniques to create his own trusted brand.