IT ISN'T JUST ABOUT WHAT YOU DO
TRADITIONAL ADVERTISING
In today's advertising world, there are key elements and unique tools to manage and balance out the most successful marketing formula.
Clear objectives and action items will provide the wanted results when well planned, and most importantly, ensure that your plan becomes reality.
Segmentation
Your existing and potential customers fall into particular groups or segments, characterized by their 'needs'. Identifying these groups
and their needs through market research and market reports, and
then addressing those needs more successfully than your competitors, should be one of the key elements of your strategy.
Targeting & Positioning
You should aim to sell to the market segments that will be most profitable for your business. It is important that your product offering meets the needs of your chosen target market.
You should also create a marketing strategy that makes the most of your strengths and matches them to the needs of the customers you want to target. For example, if a particular group of customers is looking for quality first and foremost, then any marketing activity aimed at them should draw attention to the high quality of your products or service.
Promotional Tactics
Once you have created your marketing strategy, you must then decide which marketing activity or activities will ensure your target market know about the products or services you offer, and why they meet their needs.
There are many ways to achieve this - such as various forms of advertising, exhibitions, public relations, digital marketing and an effective 'point of sale' strategy. Try to limit your activities to those methods you think will work best with your target market, to avoid spreading your budget too thinly.
Monitoring & Evaluation
Monitoring and evaluating how effective your strategy has been a key element, yet often overlooked. This control element not only helps you see how your strategy is performing in practice, it can also help inform your future marketing strategy.
A simple approach is to ask each new customer how they heard about your business. Deeper analysis can come from questionnaires, focus groups and check on your clients’ behavior.
So... What now?
MARKET
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NOW YOU
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Tell us your idea.
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