animated model of Marketing Strategies
A marketing strategy is needed to enable you to attain your marketing goals. Your strategy should increase your visibility by making you stand out from your competitors. Ultimately, your strategy should deliver more customers and more sales, and allow you to retain customers.
Before developing your market strategy, you need to do some research on your customer base. This will enable you to match your business value to the right base.
Here are a few strategies to help you get started in the process:
Differentiation
It is important to differentiate yourself and your product from those of other firms in your industry. Any entrepreneur magazine will tell you that, in a competitive market, your brand should be unique in terms of being better. The difference in your product or brand should matter to your potential customers.
Marketing Segmentation
Segmentation allows you to focus on getting the attention of a specific segment of the market. Instead of trying to appeal to everybody, it will be more rewarding and more cost-effective to identify the different segments of your target market and determine who can get the most value from your product or service, and then craft a message that resonates with that particular market segment.
Join local business networks for marketing
You may not be the main feature of the entrepreneur news, but you can increase your visibility by joining local business networks. This will get business people to know you and what your business is about. In this way, they can mention your business to others and give you referrals. They will also allow you to participate in joint marketing activities.
Create your website, blog, and other digital assets
Digital assets are a good way to improve your cashflows. In today’s business environment, a website is indispensable to marketing because it allows your potential customers to locate you easily. There are numerous web development tools to enable you to create your website so you don’t need to budget for your website.
You can also increase your visibility by creating a blog. A blog allows you to reach a large audience and even gain a following of potential customers. A blog can be compared to an informal business magazine so you’ll need to write regularly about your business and its activities and how your business and product can solve the problems of your customer base.
Another digital marketing asset to consider is the drip sequence which enables you to send automated emails or reminders to your prospective customers.
Use SEO
Search engine optimization (SEO) will increase your brand visibility online. More visibility attracts more attention and traffic to your website and gives you more opportunities to gain customers. However, this strategy requires patience because you may have to wait months before you begin to get any traffic.
Use influencers
If you haven’t reached the level of using celebrities to market your products, you can at least make use of influencer marketing. Influencers may not be on the business news but they have devoted followers who hang onto their every word. For a small fee, influencers create great content to help you grow your brand.