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Version Wireless: SWOT Analysis

Satisfactory Essays

Everyone knows the “Can you hear me now” guy that was the lead promoter of Version Wireless. In recent commercials that same guy is now on the competitor side. This is one example of marketing. Sprint decided to take the one marketing strategy that Version had to offer in order to gain more customers. Marketing is basically the idea of promoting or advertising a product or business in order to gain customers. Marketing is used everywhere and comes in different forms and fashion. In order to market a brand, product, or a business, one might consider first figuring out the main elements of marketing. One thing to consider is developing a SWOT analysis. A SWOT analysis is a chart which explains company strengths, weakness, threats, and opportunities. With this a company would be able to figure out what are the strong qualities, what qualities that they need to improve, and what the competition can offer. After developing a SWOT analysis, one must think about what product or brand that the company trying to sale and must also know everything about the product. In order for a product to sale, a company must know the ins and outs of products. Another element would have to be budgeting, like anything in order to market something you must set a budget and not go beyond that budget. To get the best advertisement or promotion would …show more content…

Building a relationship with pervious customers or new customers, would make the marketing process much easier. If a company already have a good standing with a customer, then it would be easier for the company to market a new product to that customer. A healthy relationship with a pervious customer can also bring new customers for the simple fact of word of mouth communication. If a pervious company is happy with the company that means that customer will tell their friends about the company and bring business to the

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