Monday, January 31, 2011

Applying the Marketing Mix to the job market

A substantial part of finding a job is coming up with the right questions and finding the answers about your own personal ambitions along with what your future employer wants as well. Using the marketing mix is a great way to come up with the important questions before your job search starts so finding the right fit becomes simpler. Just as marketing executives use the marketing mix to promote products and services, job seekers can apply these four elements to there job search. The marketing mix is made of the "four P's" which are Product, Place, Promotion, and Price.

Product- The product in this instance is you, your skills, knowledge, and abilities that you are trying to sell to potential employers. It is arguably the most important of the 4 P's because without yourself it obviously would not be possible to apply price, promotion, and place. It is very important to ask yourself what your strengths and weaknesses are because  those questions will come up in the job interview and also can be used when looking for a job that will fit well. Finding characteristics that make you unique among competition for a job is very important so you will stand out like listing prior jobs, education, leadership skills, and accomplishments.

Place- There are several questions you need to ask when talking about the Place that you work. First you need to figure out a location that will make you happy. Do you want to be New England? Out West? Down South? At is also important to realize what type of job that you want. Would it be better for you to always be on the go? Or would a more traditional office job be more appropriate? When I have looked for jobs in the past how far it was away from my house was one of the most important aspects because of how expensive gas was. If my job was more then a hour or so away it would make it very difficult to accept the job.

Promotion- Figuring out how to market yourself well will increase your chances of getting the job and help you realize if the occupation is the right place for you. Promotion is done after you figure out the questions about yourself so you can then market what you have to offer that will be beneficial to your possible future employers. It is all about convincing them that you are the best fit for the job. Promoting should take a lot time and thought to efficiently sell yourself. Expressing your strengths and weaknesses will help the employer know if it is you that he wants because he is basing his decision on what you bring to the table.

Price- The price is basically finding out how much you want to charge for your knowledge, skills, and ability. It is not entirely in your control because a job that pays less then what you expect still pays more then no job at all. Especially in the times of this economy people are willing to accept less money for work and employers know that. It is important to figure out your opportunities for the future as well the present. Is there a chance of a pay raise? What do I have to do to increase my salary? If there is commission on selling a product that will motivate your that much more to work harder and achieve your peak performance.You cant over price yourself, but you need to know a reasonable price of what your worth for your work.

The marketing mix is a great way to help yourself figure out what you want from a job and how to express that to potential future employers. It involves the controllable factors in which you need to find a job. Product, Price, Promotion, and Place are factors that will put in on the right path to find a job.

Which of the 4 P's do you feel is the most important when putting yourself in the job market?

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