Thursday, December 4, 2014

What Is A Constraint In Marketing

A variety of marketing constraints can hinder the marketing process.


Marketing constraints can impact any element of the marketing mix -- product, price, place or promotion. Constraints are factors that hinder the organization's ability to achieve marketing success. Common constraints include products that do not meet the market's needs, prices that do not adequately represent value, lack of access to the product and ineffective promotion.


Products That Don't Meet Market Needs


Products cannot be developed in a vacuum. They need to reflect the needs and desires of the marketplace. Products that do not meet market needs represent a marketing constraint that will ultimately impact sales. Even if initial sales are high, negative word-of-mouth can drive future sales downward. Consequently, it is important for marketers to take steps to truly understand what consumers value and to produce products and services that reflect these needs.


Prices That Do Not Adequately Represent Value


Pricing is as much an art as a science. There are a variety of methods that can be used for pricing products and services, from cost-based pricing to pricing what the market will bear. Importantly, low prices are not necessarily the best and will not necessarily lead to higher sales. Prices must reflect value to the target audience and must also align with the organization's brand. Price points for Hyundais and BMWs, for instance, reflect their different brand identities.


Lack of Access to the Product


A key constraint for marketers is the ability to get the product into the hands of the target consumer. A high-quality product at a good price point that is not readily accessible will obviously have a negative impact on sales. Marketers must carefully plan and implement their marketing efforts to ensure that ample product is readily and conveniently available to consumers. This means working closely with all distribution channels, whether traditional bricks and mortar or online.


Ineffective Promotion


Marketers' promotional materials must clearly reflect the attributes of the products and services being sold to consumers both in terms of their content and design. Promotions that are not targeted to the appropriate audience or delivered through communication channels that reach target audiences represent a significant constraint. In addition, promotions that over-promise or inflate brand or product attributes can result in significant dissatisfaction for consumers. The dissatisfaction that results when brand promises do not match product/service attributes results in negative word-of-mouth that can represent a significant constraint.

Tags: products services, impact sales, meet market, meet market needs, negative word-of-mouth