Online markets are the largest business markets with the largest client base. However they are relatively uncontrolled and need adequate and need careful planning to be able to achieve the set out objectives. Most often the not the objectives that have been set out are not met because along the way the focus is normally lost or rather shifted especially when the online market turbulence and challenges set in. this highlights the need to find the right balance between the online market and the objectives set out for the market to avoid failure to meet to the market and the objectives set out for it. To successfully strike the balance therefore the following need to be done:
1) Identify the products to be marketed locally and those for the global market
Marketing is based on the availability of goods and services which are to be marketed. A company ought to identify whether the products in its possession are supposed to be consumed by the local market or the global market. This will help in the determination of a marketing strategy as well as the production scale. Products are tailor made to suit the needs of the target market and this highlights the needs to identify the target market of the goods and services based on their components. Once this identification exercise has been done then the marketing plans are made and implemented with relative ease, effectiveness and efficiency.