Figure 1-1: The marketing wheel of fortune.
Seeing the Big Picture
Marketing is a nonstop cycle. It begins with customer knowledge and goes around to customer service before it begins all over again. Along the way, it involves product development, pricing, packaging, distribution, advertising and promotion, and all the steps involved in making the sale and serving the customer well.
Following the marketing wheel of fortune
Every successful marketing program — whether for a billion-dollar business or a solo entrepreneur — follows the marketing cycle illustrated in Figure 1-1. The process is exactly the same whether yours is a start-up or an existing business, whether your budget is large or small, whether your market is local or global, and whether you sell through the Internet, via direct mail, or through a bricks-and-mortar location.
Just start at the top of the wheel and circle around clockwise in a never- ending process to win and keep customers and to build a strong business in the process.