What do you think of the new Green Marketing concept?

Green marketing is the marketing of products that are presumed to be environmentally safe.

According to the American Marketing Association, green marketing is the marketing of products that are presumed to be environmentally safe. Thus green marketing incorporates a broad range of activities, including product modification, changes to the production process, packaging changes, as well as modifying advertising.

Other similar terms used are Environmental Marketing and Ecological Marketing. Thus "Green Marketing" refers to holistic marketing concept wherein the production, marketing consumption an disposal of products and services happen in a manner that is less detrimental to the environment with growing awareness about the implications of global warming, non-biodegradable solid waste, harmful impact of pollutants etc., both marketers and consumers are becoming increasingly sensitive to the need for switch in to green products and services. While the shift to "green" may appear to be expensive in the short term, it will definitely prove to be indispensable and advantageous, cost-wise too, in the long run.

According to my view or I think it is one of the  easy method of marketing for various products but at the same time, it faces various challenges on this fast environment of competition and frequent change, the main challenges are as follows:  

1.It is a New Concept

It is still a new concept for the masses. The consumer needs to be educated and made aware of the environmental threats. The new green movements need to reach the masses and that will take a lot of time and efforts.

2.Need for Standardization

It is found that only5% of the marketing messages from “Green” campaigns are entirely true and there is a lack of standardization to authenticate these claims. There is no standardization to authenticate these claims. There is no standardization currently in place to certify a product as organic. Unless some regulatory bodies are involved in providing the certifications there will not be any verifiable means. A standard quality control board needs to be in place for such labeling and licensing.

3.Patience and Perseverance

The investors and corporate need to view the environment as a major long-term investment opportunity, the marketers need to look at the long-term benefits from this new green movement. It will require a lot of patience and no immediate results. Since it is a new concept and idea, it will have its own acceptance period.

4.Avoiding Green Myopia

The first rule of green marketing is focusing on customer benefits i.e. the primary reason why consumers buy certain products in the first place. Do this right, and motivate consumers to switch brands or even pay a premium for the greener alternative. It is not going to help if a product is developed which is absolutely green in various aspects but does not pass the customer satisfaction criteria. This will leadto green myopia. Also if the green products are priced very high then again it will lose its market acceptability.

 

 

by financing the firms, companies and business houses who encourage the use of technology to save our planet. banks can give them cheaper ROI on loans.Minimum use of paper, ans stationery in banks can cut the transaction cost and make them techno savy too. Banks should help in financing such activities which helps in reduction of solutions and saving our green belt and encouraging Agri Business.

The marketing of the products that is environmentally preferable is green marketing and is much importantly concerned with environment.  

Green Marketing, It is the marketing process which taking in consideration the " Friendly Environment" concept in terms of following the environmental advice's and rules