Hi friends here I am shearing my experiences about 5K marketing challenge.In which we have to do marketing activities for seven days,for this challenge foundation will give us 5000/-rs, from that investment we should make a profit of 2500/-rs.
In this 5k challenge i was in a group of three members.Mahesh.VK, Shiva kumar Yadav and I decided to sell T-shirts, Shirts and Jeans pants from branded companies like Reebok, Nike and Puma.Before a week we experienced marketing by move marketing module where we earned 135/-rs profit in three hours from 500/-investment. In 5k we must make profit and we had a huge challenge in front of us. even though we made 3840/-rs profit in that we deducted our expenses of 700/-rs.
In this 5k challenge we sold T-Shirts, Shirts,Caps,Umbrellas,Jeans pants and Boiled Eggs. This challenge was very needful to understand the market and it's need. through this we learned the marketing skills,like Identification of proper place,product and time to sell the product.
Marketing needs patience and confidence. Marketing is stand on four p’s,
1) Price
2) Product.
3) Place.
4) Promotion.
First We must to understand the customer wants, then we can should start the business. Good relationship with customers will also help us to increase our business. The main part is getting customers, but maintaining the customers for long time also a big challenge, it requires lot of networking and listening skills.
Through this I learned many things. Pricing of our products depend upon market situation, Quality products will always get marketed easily. Mainly we developed skills like Patience, Confidence, Convincing, and negotiation.
Here I have posted some pictures of our 5k marketing please go through it.
In this 5k challenge i was in a group of three members.Mahesh.VK, Shiva kumar Yadav and I decided to sell T-shirts, Shirts and Jeans pants from branded companies like Reebok, Nike and Puma.Before a week we experienced marketing by move marketing module where we earned 135/-rs profit in three hours from 500/-investment. In 5k we must make profit and we had a huge challenge in front of us. even though we made 3840/-rs profit in that we deducted our expenses of 700/-rs.
In this 5k challenge we sold T-Shirts, Shirts,Caps,Umbrellas,Jeans pants and Boiled Eggs. This challenge was very needful to understand the market and it's need. through this we learned the marketing skills,like Identification of proper place,product and time to sell the product.
Marketing needs patience and confidence. Marketing is stand on four p’s,
1) Price
2) Product.
3) Place.
4) Promotion.
First We must to understand the customer wants, then we can should start the business. Good relationship with customers will also help us to increase our business. The main part is getting customers, but maintaining the customers for long time also a big challenge, it requires lot of networking and listening skills.
Through this I learned many things. Pricing of our products depend upon market situation, Quality products will always get marketed easily. Mainly we developed skills like Patience, Confidence, Convincing, and negotiation.
Here I have posted some pictures of our 5k marketing please go through it.
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