I just read that USA airlines in the next couple of months will have 300 direct flights a week to Cuba. That statistic with the nearly a million passengers fall under Product, People, Place, Presentation and Promotion under the 9P's of marketing.
It's a new market for many companies.
In the competitive landscape, it's tough out there. For Cuba, its a great time to go.
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I am a senior Forensic Marketing Expert, Advertising/Marketing consultant with Londre Marketing Consultants, LLC plus I teach Marketing and Advertising. I own a copyright for this concept, the Nine P’s/9 P's ©2007, which augments the Marketing Mix (Product, Price, Promotion and Place) or the 4P’s by the American Marketing Association, Neil Borden and Jerome McCarthy in the study and practices of Marketing.
The Nine P's/9P's help identify marketing problems in a number of areas and help develop marketing’s objectives, strategies, tactics and solutions. The Nine P's are insightful. In Marketing. the "Customer," or potential customers are king, but are missing in the 4P's.Not one of the P's. It is definitely an important part in the 9P's of Marketing
I consult, teach and practice expert witnessing using the concepts, elements, components, parts and practices of the Nine P's/9P's of Marketing.
In the study and practice of Marketing, Marketing and Brand Managers develop plans, strategies and tactics. The Nine P’s include these important components:
- People:
- It's wide open to segment Cuba based on demographics, geographics, technographics, psychographics and behavior characteristics.
- Peope, one of the 9P's is about Segmentation and Targeting; add Positioning and you have STP.
- "People" or targeting has almost always been left out of the traditional "Marketing Mix." Almost every diagram includes the four P's with "Consumer" or "People" or "Potential Buyers" in the middle of the circle.
- There needs to be more focus on the "Customer," or "People."
- "People," market segments utilizing demographics, geographics, psychographics, behavioral characteristics and technographics are a vital component of the 9P's. Once a target market is chosen, the organization can develop its marketing strategies to target this market segment.
- There are still questions:
- Can the segments be accessed? The Cuba market can a wealth of marketing insights.
- For all products and services, Marketing strategies need to be adapted for the different tiers or segments. Instead of viewing the market as a uniform group of customers with similar potential. An organization or firm needs to view them as distinct groups or segments with differing potential.
- An example or two:
- With 300 different flights to Cuba, you can add consultants, guides, hotels, transportation services, dining options to the marketing decision making.
- Less than half (46%) of U.S. kids younger than 18 are living in a home with two married heterosexual parents in their first marriage. This is a marked change from 1960, when 73% of children fit this description, and 1980, when 61% did. 34% of children today are living with an unmarried parent—up from just 9% in 1960, and 19% in 1980. In most cases, these unmarried parents are single.However, a small share of all children— 4%–are living with two cohabiting parents. —Pew Research.
- Product
- Place (Distribution)
- Price
- Planning
- Promotion
- Here are some strategic questions under Promotion:
- To whom should you promote? People interested in Cuba.
- What should you promote? Travel options.
- How do you access and can you promote to a particular segment?
- What economic and discount levels should you offer?
- What form of promotion should you offer? Features?
- How frequent?
- Partners
- Presentation
- Passion
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