Defining the goals of your marketing strategy: some key tips
Defining a marketing strategy is essential for all companies. A strong marketing strategy influences both success and market positioning. When developing your strategy, remember to integrate the needs of both current and future clients.
Once you set up your strategy, take the time to punctually assess its efficiency and make some adjustments as needed to ensure that it keeps delivering the desired results.
Here are five key elements of a successful marketing strategy:
- Determine the business goals you want to reach with your marketing strategy: increasing sales, attracting new customers, repositioning your brand.
- Who are your current and future clients? How well do you know your target clientele? How and why do they purchase your products? How well do you know your clientele’s profile; are you able to segment your target market even more?
- In what ways does your company distinguish itself from the competition?
What are your strengths or your unique advantages over the competition? Do you know the emotional reasons for your clients’ purchases? Do you know what they buy from you and, more important, why? Answering these questions will help you find your optimal market position.
- What is the guiding principle of your communications?
Your slogans must summarize the advantages your products/services are offering and have to be attractive, convincing, and consistent. These elements should not be taken lightly: create a clear, pertinent, convincing marketing message.
- Which channels are best adapted?
Your goals are all set up. Now you need to know what channels you will be using to reach them. There are hundreds of them.
- And what about your budget?
List all the initiatives you want to undertake and estimate the relevant cost. Then, determine the ROI you’d like to generate for each of them.
We hope that these tips will be helpful! eMARK advantage is here to help you build your brand and to define an adapted and efficient marketing strategy.
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