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
Change Strategy Jonathan Poland

Change Strategy

Change strategy is the process of planning and implementing change within an organization in a systematic and effective manner. It…

Examples of Tact Jonathan Poland

Examples of Tact

Tact is the ability to sensitively and skillfully handle a situation or conversation so as to avoid giving offense. It…

Economic Change Jonathan Poland

Economic Change

Economic change refers to shifts in economic conditions, such as changes in GDP, employment rates, and prices. These shifts can…

Restructuring Jonathan Poland

Restructuring

Restructuring is the process of reorganizing or reshaping an organization in order to improve its efficiency, effectiveness, or competitiveness. It…

Market Entry Strategy Jonathan Poland

Market Entry Strategy

A market entry strategy is a plan for introducing products and services to a new market. This can provide an…

Operating Agreement Jonathan Poland

Operating Agreement

An LLC operating agreement is a legal document that outlines the rules and procedures for a limited liability company, including…

Data Analysis Jonathan Poland

Data Analysis

Data analysis is the process of collecting, organizing, and examining data in order to draw conclusions and make informed decisions.…

Business Model Examples Jonathan Poland

Business Model Examples

A business model is a framework for capturing value. The term is most often applied to organizations who seek to…

Information Security Risk Jonathan Poland

Information Security Risk

Information security risk refers to the potential for unauthorized access, disruption, modification, or destruction of information. This can have serious…

Content Database

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

Advanced Economy Jonathan Poland

Advanced Economy

An advanced economy is a highly developed economic system that provides a high level of economic well-being and quality of…

Sticky Information Jonathan Poland

Sticky Information

Sticky information is information that is difficult to transfer. This is an analogy that information that knowledge “sticks” to people,…

Loss Leader Jonathan Poland

Loss Leader

A loss leader is a product or service that is sold at a price below its cost in order to…

Rebranding Jonathan Poland

Rebranding

Rebranding is the process of making significant changes to a company’s brand in order to alter the way it is…

Channel Pricing Jonathan Poland

Channel Pricing

Channel pricing refers to the practice of setting different prices for a product or service depending on the sales channel…

Remarketing Jonathan Poland

Remarketing

Remarketing is a marketing strategy that involves targeting customers who have previously interacted with a business. This is often done…

White Labeling Jonathan Poland

White Labeling

White label refers to products or services that are produced and designed by one company specifically for the purpose of…

Adoption Lifecycle Jonathan Poland

Adoption Lifecycle

The adoption lifecycle refers to the process by which customers adopt and become familiar with a new product or technology.…

Tactical Risk Jonathan Poland

Tactical Risk

Tactical risk refers to the potential for losses due to changes in business conditions in real-time. Tactics differ from strategy…