7 Tips For Creating A Winning Marketing Strategy
One of the biggest mistakes any business would make is not having a marketing strategy.
Whether you’re a small business owner or part of a larger marketing team, It’s critical as it sets the foundation for everything you do and increases the ROI of your efforts.
Let’s dive into the steps you need to develop an effective winning strategy!
Market research is an essential part of marketing. You need to research and understand the business environment, the problem you are solving, etc
Keep your nose in your competition’s business
Learn about your competitors. Carry out a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis, go deep into their products, services, communication framework, etc.
Know your Target Market
Who are your potential customers? Who are you speaking to? It’s important to figure these out so you don’t end up throwing stones into the ocean!
Set clear Objectives and KPIs
Your marketing objectives should be clear and SMART
(Specific, Measurable, Achievable, Relevant, and Timely) If not, you are just working on games and vibes!
Have a clear activity plan for how you want to achieve your objectives and timelines.
Have a Budget
Little money? Plenty of money? State it and break down how you want to spend it
Lastly, conduct a post-evaluation to measure success or failure. How will you rate yourself?