What is marketing finance?
Marketing includes all business activities involved in the flow of goods and services, and it is not merely a process of buying and selling. It includes exchange (buying, selling, pricing), physical (assembling, transport and handling, storage, processing and packaging, grading and standardization) and facilitating (financing and risk-bearing, market information, demand and supply creation, market research and advertising) functions.
There are four P’s of marketing that forms a high conception: the right product (or service) in the right place, at the right price and the right way promoted. The primary purpose of marketing is to identify your products and services with the people of interest. By doing so correctly, you will get a profit. If you are already in business, you have your products and services to offer, location to distribute (it also can be online area) and price depending on capitalized total cost, but hardly every entrepreneur is conscious of the promotion needs.
Business Loans for Marketing
Apart from the fact that you have already invested into goods circulation, you still have to have to finance for marketing by establishing a long-term marketing budget that would be separated from day-to-day costs. There are sound business reasons for getting a merchant cash advance or small business loan for marketing and advertising expenses.
- You may be able to haggle over the better prices
- You can attract new customers faster
- You can put on sale new products or services successfully
- You can invest in market research
- You can leave behind your competitors and be a leader in your industry
- You can employ an expert or agency for a marketing campaign
- You will not need to hinder your capital
The Advantages of Advertising Funding
Advertising is part of company status. In a competitive environment, your great products and services may not find their client, if they are not well-promoted. There are reasons why a company should spend money for:
- Reminding your existing customers and informing prospective ones of your products and services benefits;
- Promoting your business to customers, investors, and others;
- Familiarizing with products;
- Brand recognition.
Getting funds for advertising may seem useless for somebody, but not for a true business person. An alternative lending company such as 800fund.com can help you to set a marketing budget that fits your business goals and provides a high return on investments.
Marketing and advertising are a key component for small business expansion. That is why 800fund.com helps every business with loans for marketing and advertising expenses. The process is easy to the maximum: A simple application, a lot less paperwork than banks require and fast approval process. Once you are approved, you can receive money into your account pronto. 800fund.com understands small business needs and the importance of marketing and advertising for its growth.