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Marketing Mix (4Ps and 7Ps).
The marketing mix is the combination of instruments a company uses to position an offer in the market. The classic model names four areas, the 4Ps: Product, Price, Place and Promotion. For services it is extended to 7Ps, adding People, Process and Physical Evidence.
Marketing Mix (4Ps and 7Ps) — Explained in Detail
The 4P model goes back to the American marketing professor E. Jerome McCarthy, who formulated it in 1960. The basic idea: marketing is more than advertising. An offer only works if product, price, distribution channel and communication fit together. An excellent campaign is of little use if the price does not suit the target group or the product is not available where customers are looking.
In 1981 Bernard Booms and Mary Jo Bitner extended the model for services with three further Ps: People (those who deliver the service), Process (how the service is delivered) and Physical Evidence (what makes the invisible service tangible, such as premises, website, quotes, photos of references). For trade businesses, fiduciaries, agencies or practices, these three points are often more important than the classic four.
An example for a Swiss restaurant: Product, a lunch menu with two options. Price, a fixed price including a drink. Place, tables on site and collection with online ordering. Promotion, a Google Business Profile with an up-to-date menu, a mention in the newsletter. People, a team that serves within 45 minutes. Process, online booking in three steps. Physical Evidence, photos of the dishes on the website. Only together do these decisions add up to a coherent offer.
In online marketing, the marketing mix is a useful checklist. Before budget flows into ads, it is worth asking whether the problem really lies in promotion — or in the price, in the enquiry process or in the website as 'physical evidence'. A page without prices, without references and with a long form has a mix problem, not an advertising problem. For an SME the marketing mix usually fits on a single page; in implementation, conversion rate optimisation helps make sure the website matches the offer.
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Digital Marketing ConsultingFrequently Asked Questions About Marketing Mix (4Ps and 7Ps)
Product, Price, Place (distribution) and Promotion (communication). They form the classic marketing mix model after E. Jerome McCarthy.
The 4Ps plus People (staff), Process and Physical Evidence (tangible proof such as premises, website or documents). The model was developed for services.
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