Do you want to be successful in online marketing? Do you want to have a successful online business in general? Then you need solid expertise in marketing. As simple as that. What are my sources? I mainly follow the basics of marketing management by Christian Homburg from the University of Mannheim - Mister Homburg just has it Of course, I restructure some things, bring in my personal experience, leave out unimportant things and, as always here in the monkey blog , the scientific ramblings are “translated” for you to be easily understandable! It's a luxury, isn't it Okay, let's dive right in then... What is a market.
The market is the place where supply (that's what I offer) and demand (that's what I want) meet. More precisely, this is where the supply of products meets the demand for these products. And this is exactly how the prices of the products are formed . The weekly market in your area can be Israel phone number list used as an example. There are, for example, the farmers and offer monkey-sized bananas (offer) ;). Then you come as a customer, visit the market and would like to buy bananas demand.
The price is then determined (as long as there are no regulations or agreements) by how many bananas the farmers offer on the week and how many visitors to the market want to buy bananas. When bananas are scarce but demand is high, prices can be high. If there is a lot of bananas but little demand, then prices must be low. As just described, the meeting can take place at a real location (weekly market, supermarket, sales fair) or at a virtual location (Internet, telephone). The 5 players in the market : demander Offerer distributors State institutions advocacy Now you surely want to know who these actors are and what exactly they do? No problem, just keep reading demander.