New Marketing Mix Concept: SAVE

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New Marketing Mix Concept: SAVE

We are familiar with the concept of 4P of marketing, Product, Place, Price and Promotion.
We are finding that these are no longer the same and it's time to replace them by a new marketing mix concept: SAVE:
- SOLUTION replacing Product: Do not define offerings by there features, functions and technological superiority, but by the needs they meet.
- ACCESS replacing Place: Don’t focus on individual purchase locations or channels. Develop an integrated cross channel presence that considers customers' entire purchase journey.
- VALUE replacing Price: Don’t stress on how price relates to production cost, profit margin or competitors price. Articulate benefits relative to price.
- EDUCATION replacing Promotion: Don’t rely just on advertisement, PR, and personal selling.
Provide information relevant to the customers specific needs at each point during the purchase process.

		Comments Rating
		3 Jaap de Jonge Editor, Netherlands
	SAVE Marketing Mix Concept Thanks for contributing this new marketing acronym. It is actually very similar to the SIVA Model. A plus of the SAVE model seems to be that it's easier to remember. Anyhow, everybody can pick his own choice.