What are the 4 Ps of Marketing, Marketing Mix or Marketing Composite

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4 Ps of Marketing, Mix Marketing or Composite Marketing
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Os 4 Ps of Marketing, also known as Marketing Mix ou Marketing Composite, are the basic 4 elements that make up any marketing strategy to reach an audience: Price, Square, Product e Promotion.

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See in this article:
Definition of 4 Ps in Marketing
4 Ps - Price
4 Ps - Square or Point
4 Ps - Product
4 Ps - Promotion
Understanding the Marketing Compound in Practice

4 P's Marketing Mix

Definition of 4 Ps in Marketing

The Marketing Mix concept was created by the teacher Jerome McCarthy in his book "Basic Marketing", Released in 1960. The method gained in the following years with Philip Kotler. As the name already says, these are the fundamental marketing definitions that a company must make to achieve a certain target AudienceFrom the positioning chosen.

The construction of the 4 Ps of Marketing, or Marketing Mix, is relatively simple. But it must be supported by a deep knowledge of the market in which it is acting. For example, a neighborhood of alternative culture in Rio is totally different from São Paulo and so on. Before showing a case, let's take a closer look at the definitions:

4 Ps - Price

Refers to how much and how it will be charged to the customer. In this regard, the product can be cheap or luxury. It can be charged once or monthly. Among other strategies such as psychological price, pay as much as you want, auctions, etc.

Usually the price is assigned to a company's financial strategy, but it is not the case. It is clear that the sale of the product must be profitable, but it is the cost element of the company that needs to follow the price defined by marketing, Not the other way around. Imagine, for example, a hamburger with a high cost structure. If she puts the price at $ 200 to pay the bills, she will probably sell 0 units because she will lose all the customers to the competition.

The most important thing about pricing is knowing that its volatility is directly linked to market positioning. A company that intends to have a position similar to that of the competition, has its price defined by the market itself. A company that can differentiate ends up having a more elastic price strategy.

Returning to the example above, the hamburger. Think of an establishment that hires a renowned French chef to make their hamburgers. Maybe she can charge $ 200.

4 Ps - Square or Point

A square refers to the contact points of the target Audience with the product or service. The principal is the place where the sale will be made. In this case, it can be online or in physical stores. In many cases, it is interesting to think about using complementary services / product squares. For example, sell sports equipment at clubs or gyms.

The square also refers to media channels where the product will be exposed. Planning for this component of the marketing mix will be completely connected to the target audience. After all, what good is offering the product in places or channels where potential buyers are not? That is, before closing the strategy of the square, it is very important to understand part of the daily life of the public in question.

4 P's Marketing Mix

4 Ps - Product

Within the concept of the marketing mix, the definition of product refers much more to intangible aspects than to technicians. There are some branding attributes that can be passed in the use experience of a product or service.

An important practice in product definition is to try to understand which audience-valued attributes are ignored by the competition. Without leaving aside the positioning chosen by the company. For example, the Nubank credit card managed to grow in a market only with great players with an experience of use according to the chosen audience.

The public in question is composed of Millenials, the generation that today possesses up to 30 years and handles very well with technology. The whole experience of the product was thought according to the demands of this public. Easy to understand rates and fees, easy to use application in which everything is solved, extract with friendly names and extremely personal and quality service.

All attributes of the product should be thought in terms of the marketing strategy. From the main functionalities to the packaging, including the delivery methods and deadlines.

4 Ps - Promotion

A promotion refers to the entire scope of dissemination strategies used by the company. Not only the channels, but the communication that will be passed on to the target audience. The personality of the brand and the language that will be used are also very important points in the marketing plan.

Will the company in question have more or less serious communication? Optimistic or "ground-floor"? It will depend a lot on who you want to communicate with. A simple example that we define in LIGHT is not to use many terms in English in our communication. When we use it, we are always trying to explain them, so it is 100% accessible to any entrepreneur.

In terms of promotion channels, may involve digital marketingsuch as sponsored links, social networks, email marketing, etc. And offline strategies such as print ads, radio, television, among other possibilities.

4 P's Marketing Mix

Understanding the Marketing Compound in Practice

The definition of the marketing compound is essential to strategic positioning the company and achieve impact the public right. Although it is simple, for many people it is still an abstract concept. So let's show a practical example with a well-known product of all of us: bottle water.

4 Ps Marketing Mix - Signal Water

a) Water sold in traffic jams

Have you seen the above situation? So, this is the typical street vendor bottling scene. Let's see the 4 Ps of marketing applied to this market?

Target market: customers who are dead of thirst in traffic jams or football stadiums.

Product: mineral water with easy access.

Price: between R $ 2,00 and R $ 3,00 (depending on the competition among the street vendors).

Square: the biggest traffic jams and queues for establishments.

Promotion: the watermark is ignored. Promotion made by the street vendor screaming or holding posters.

What are 4 Ps in Marketing, Marketing Mix or 1 Marketing Composite

b) Perrier water

The photo above is one of the Marketing campaign of Perrier. Let's go to their marketing mix?

Target market: segment of high consumption customers.

Product: the most naturally carbonated water in the world.

Price: between R $ 5,00 and R $ 15,00 (depending on the square)

Square: restaurants, markets and luxury nightclubs.

Promotion: advertisements with Dita Von Teese, burlesque dancer.

And, Who is right?

Both are right. The definition of Marketing Mix has to do with positioning within the market and with the harmony between all the elements. What the company can not do is deviate from its marketing strategies to obtain short-term income. For example, try to sell expensive products in places that devalue it. Or products for women with promotions for men, and so on!

This post has clarified how you can use the 4 Ps of Marketing Mix in your company? Meet the Mix Marketing Worksheet and start implementing the methodology in practice.

4 P's Marketing Mix

Excel Spreadsheets

42 COMMENTS

  1. Thanks for the content, it helped me a lot, similar to what I'm seeing in the course. The associations to bring clarity were great.

  2. First of all I would like to thank you, this article was very useful to me, I really liked how the explanations were clear, it helped me a lot in assembling my bimonthly research, the marketing matter, your student from the IFMT-campus diamond, of the integrated technical course to high school, and have the subject of Marketing. I am sincerely passionate about Marketing, and so thank you again for the article.

  3. Thanks for the clarification, I'm from Physical Education was looking for information for a test.

  4. thank you for finding such work on the marketing mix and marketing mix.

  5. Hi Diego, there is no defined rule and you can even adapt items to your reality if you think it makes sense. In general, I think that PRODUCT would be the characteristics of the film (cast, professionals involved, film genre, etc.), SQUARE may be where this film goes, sales channels, etc. PRICE may involve issues such as cost of it, pricing strategy and projected values ​​to gain and ultimately PROMOTION may involve promotional strategies for advertising.

  6. The post looks great! Helped me a lot. Now about 4p's when it comes to a movie already produced, how would it work? I appreciate the response.

  7. Thanks for the feedback. Everyone here at LIGHT is happy to see that our content has helped.

  8. Very good even LEANDRO ... You need to be in Universities and Technical Courses, to pass this practical knowledge where a great majority, is much short of didactics ... Congratulations ... It helped your knowledge a lot ...

  9. I'm glad you helped Cynthia. If you have any questions just let us know. Hugs

  10. Very bananas the post! It has helped a lot in my study in this area.

  11. Very good indeed. I am doing a paper with the COMPOSITE MARKETING theme needing content.

  12. Hi Julio, the 4 Ps of Marketing was initially created by McCarthy and has undergone some more recent changes going to 6 Ps, etc.

  13. Thanks for the compliment Vicente. If you are interested in more content just let us know!

  14. Thanks Eduardo for the strength, if you have any specific content you are interested in marketing just tell me.

    Hugs

  15. Hi! Could you tell me when this post was posted? I want to use it as a reference in an academic paper. Thanks

  16. I'm about to present a TCC work with the MARKETING theme and this text, my life was great to have found ... Thanks.

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