Week 3 - Role of Marketing and Its Value

Marketing can be a very helpful tool for a small business or a large company. It can help you stand out and create a successful business. It builds brand awareness, increases sales, and engages customers. However, the type of marketing strategy is really important if you want to be successful. A business has to find the right marketing formula that works for them. If they find the right one then the business could grow to newer heights. In the video for week 3, the narrator says that there are three distinct areas where you need to be successful if you want to grow your business. The first area of marketing and growth a business should focus on is demand generation and it’s the process in which a company increases demand for its product. They can sponsor events and just try to make people aware of their business and demand their products or services. The second area of marketing and growth a business should focus is sales conversion. It’s the pro...