CASE STUDY

Quantzig’s Marketing Mix Optimization Helped an Electrical Appliances Dealer Improve Business Efficiency by 30%

Nov 22, 2018

Need for a Marketing Mix Strategy for Businesses

Developing the right marketing mix strategy is crucial for businesses to succeed in today’s competitive business scenario. This makes recognizing the marketing mix elements and selecting the right steps crucial to business success. There are two basic steps involved in developing a marketing mix strategy:

  • Identifying the overall intent of the marketing strategy
  • Recognizing the target audience

Every marketing mix element consists of a well-balanced amalgamation of the four key factors, also known as the 4P’s, which help develop a well-defined marketing mix strategy. The key to success, however, lies in determining the perfect balance of these factors, which ultimately depends on fulfilling customer demands while achieving business goals.

Get in touch if you are looking to gauge the incremental value of all your online and offline marketing investments with marketing mix modeling solutions.

Electrical Appliances Market Analysis

The electrical appliances market is expected to witness significant growth over the next couple of years owing to the rising disposable income and high demand from rural areas. The increasing demand for electrical household appliances such as air conditioners, refrigerators, and washing machines can be attributed to the improving living standards and rising number of households across the globe. Uniform growth is predicted in the developing markets while rural regions are set to outdo the trends due to the developing lifestyles and rising purchasing power.

The increasing pace of change in the global market for electrical appliances stems from a number of trends such as increased consumer power, digitalization, sustainability, consolidation, and growing middle class. Such changes are placing demands on investments and economies of scale, but also open the door of possibilities for companies operating in the electrical appliances industry.

Do you need insights on which marketing mix of programs and campaigns will help you achieve your goals and meet your budget? Request a FREE proposal today!

About the Client

The client is an American household electrical appliances manufacturer and supplier. The company employs 44,000 people, working in 108 local subsidiaries worldwide.

Predicaments Faced

The client, a renowned household electrical appliances manufacturer, and supplier, wanted to develop a precise marketing strategy to assure business growth and expansion. The client’s marketing mix strategy proved to be obsolete in today’s rapidly transforming marketplace. Hence, they wanted to balance out the use of the fundamental marketing elements and devise an effective strategy that meets the needs of the customer while maximizing business value. Hence, they approached the experts at Quantzig to help them develop a robust marketing mix strategy.

Request a FREE demo to gain comprehensive insights into the benefits of leveraging our marketing mix optimization solutions.

Solutions Delivered

The solutions and recommendations offered by the marketing mix experts at Quantzig helped the client enhance their brand image and popularity across economies. Also, the changes incorporated into their marketing mix element helped them keep track of the key marketing mix elements while strengthening the need for businesses. However, by identifying the key marketing mix elements and by devising the right marketing strategy, the supplier of the electrical appliance was able to prevent the worst crisis and stay ahead of their peers. Furthermore, with our help, the client was able to cut down on their marketing spend by optimizing their campaigns.

Why Quantzig?

Quantzig, with over 15 years of expertise, has supported clients across the globe with end-to-end data modeling capabilities to leverage analytics for sound decision making. We believe that the strength to tackle the actionable data is what drives a company towards success.

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Case Studies

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.