marketing channel

Marketing Channel

Marketing Channel Jonathan Poland

A marketing channel is the way that a company reaches its customers to sell its products or services. Marketing channels can include a variety of different methods, such as retail stores, online platforms, direct mail, or direct selling. The choice of marketing channels depends on a number of factors, such as the type of product or service being sold, the target market, and the available distribution channels. By choosing the right marketing channels, a company can reach its customers more effectively and efficiently, and can maximize the impact of its marketing efforts.

Retail
Distributing products and services through locations that you own and operate.

Retail Partners
Selling to retailers.

Franchising
Distributing through retail locations that you have significant control over but don’t own. For example, a car manufacturer may sell through a network of authorized dealers who need to meet a variety of conditions to quality.

Direct Marketing
Establishing a direct relationship with customers with techniques such as personal selling or digital commerce.

Wholesale
Partnering with wholesale businesses that have their own distribution networks.

Agents/Brokers
Using agents and brokers to represent you in distributing your product to wholesalers, retailers or customers.

Value Added Reseller
Distributing products or services to partners that incorporate it into their own offerings. For example, a bicycle tire manufacturer may sell primarily to bicycle manufacturers.

Here are some steps you can take to set up a marketing channel:

  • Identify your target market: The first step is to identify the specific group of customers that you want to reach with your product or service. This will help you to determine which marketing channels are most likely to be effective in reaching these customers.
  • Research your options: Next, research the different marketing channels that are available to you, and consider the pros and cons of each one. Look at factors such as the cost, reach, and effectiveness of each channel, and consider how well they align with your target market and your business goals.
  • Develop a plan: Once you have identified the marketing channels that are most likely to be effective for your business, develop a plan for how you will use each one. This should include specific goals, tactics, and metrics for measuring success.
  • Implement and monitor: Implement your marketing plan and monitor the results. This will allow you to see how well your marketing channels are working, and to make any adjustments that may be necessary to improve their effectiveness.

By following these steps, you can set up a marketing channel that will help you to reach your target market and generate sales for your business.

Learn More
Innovation Metrics Jonathan Poland

Innovation Metrics

Innovation metrics are tools used to assess the innovation efforts of a company. It can be challenging to accurately measure…

Cell Production Jonathan Poland

Cell Production

Cell production is a manufacturing approach that involves organizing work into small, self-contained units or cells. Each cell is responsible…

Tactical Planning Jonathan Poland

Tactical Planning

Tactical planning is the process of developing specific strategies and actions to achieve the objectives of an organization. It involves…

Business Constraints Jonathan Poland

Business Constraints

Business constraints are limitations or factors that can impact an organization’s ability to achieve its goals and objectives. These constraints…

Labor Specialization Jonathan Poland

Labor Specialization

Specialization of labor involves dividing work into specific roles or tasks, with the goal of improving productivity, efficiency, quality, and…

Manufacturing 150 150 Jonathan Poland

Manufacturing

Manufacturing is a critical phase in business development, especially for companies that produce physical goods. The synergies between manufacturing and…

Military Contracts 150 150 Jonathan Poland

Military Contracts

Military spending contracts are agreements between a government or its defense department and private companies or suppliers for the provision…

Ways of Thinking Jonathan Poland

Ways of Thinking

Ways of thinking refer to the mindsets and approaches that individuals use to form their ideas, opinions, decisions, and actions.…

Value of Offerings Jonathan Poland

Value of Offerings

Value is a concept that refers to the usefulness, worth, and importance that customers assign to products and services. This…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

What is an Intermediary? Jonathan Poland

What is an Intermediary?

An intermediary is a person or organization that acts as a go-between or intermediary for two or more parties in…

Collective Intelligence Jonathan Poland

Collective Intelligence

Collective intelligence refers to the ability of a group to solve problems, make decisions, and generate new ideas more effectively…

Grand Strategy Jonathan Poland

Grand Strategy

A grand strategy is a comprehensive and long-term plan of action that encompasses all available options and resources in order…

Bankability Jonathan Poland

Bankability

Bankability is a term used to describe the ability of a project or venture to secure financing from a lender…

Risk 101 Jonathan Poland

Risk 101

Risk evaluation is a crucial component of the risk management process. It involves assessing the potential impact and likelihood of…

Factor Market Jonathan Poland

Factor Market

The factor market, also known as the input market, is the market where the factors of production are bought and…

Target Audience Jonathan Poland

Target Audience

A target audience refers to the specific group of individuals or consumers that a business or organization is trying to…

Tactical Planning Jonathan Poland

Tactical Planning

Tactical planning is the process of developing specific strategies and actions to achieve the objectives of an organization. It involves…

Organizational Capital Jonathan Poland

Organizational Capital

Organizational capital refers to the intangible assets and resources within an organization that support its operations and enable it to…