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Showing posts from December, 2022

What Is Government Marketing?

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A government market is a market where the buyer are federal, state, and local governments. Governments buy all trending things from the private sector. Governments purchased the same types of products and services as private sector buyers, plus some more curious products such as aircraft carriers, fighter jets, tanks, spy satellites, and nuclear weapons. An amplifying trend in the last few decades has been the deploy of traditional government services to private firms, such as prisons. With a GSA Schedule, a company can easily access a wide network of federal, state, and local agencies looking to buy goods and services. But great chance doesn't come without competition. While a company part of a new pool of contractors, they still have to compete with other companies for business, and be proactive about advertising your solutions to government agencies. Institutional and Government Markets Institutional and government markets are generally mentioned together. However, they have int

Marketing to the Federal Government: How to Reach the Most Lucrative Market

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The federal government is the largest customer in the world, purchasing billions of dollars of goods and services yearly. With spending on the rise, federal agencies are searching for businesses to provide the best products and services for the lowest cost. For companies looking to break into marketing to the federal government , a comprehensive marketing strategy is essential. To get started, businesses must understand the unique customer which is the federal government. The federal government is diverse, with different customers having different needs. Agencies may range from a small local office to a large, complex organization like the Department of Defense. It is important to understand the nuances of each agency, as well as the rules and regulations that govern their purchasing decisions. Businesses must also develop an understanding of the federal government’s procurement process. Federal agencies use a formal process to purchase goods and services, and businesses must unders