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Why Your Business Needs a Marketing Strategy

Why Your Business Needs a Marketing Strategy

Posted on Jul 18, 2017 by

There are many complex components that make up a well-developed marketing strategy, and without direction, these components will have no connection to one another, and thus lose purpose. Your business’ marketing efforts can get lost in the shuffle of aimless ads and marketing tactics all too easily if your strategy is not well devised. A marketing strategy’s purpose is to bind each component seamlessly; to connect the dots of your objectives, audience, and methods all in a cohesive manner.  

Objectives

Addressing your business objectives enables you to map out exactly what you are striving for and keeps you on track to reach and exceed these goals. Setting clear objectives that include long and short term goals also gives your work purpose as your metrics of success are kept in the back of your mind. By including objectives in your marketing strategy, you allow the output of each of your marketing tactics to be sewn together with a common thread. Whether these objectives be tangible, like profits and shares, or abstract goals ranging from increasing overall awareness of your organization to more transparent customer relations, beginning your marketing strategy with a concentration on objectives is a crucial starting point.

Audience

Identifying your target audience is imperative to your marketing strategy. Knowing the demographics of who are you talking to, what their interests are, what they want, and who they follow on social media sets the tone for all of your marketing outputs. Creating segments and personas for each segment is vital in fully understanding who you are targeting. In doing so, you can offer valuable information to the right prospective customer at the right time, and ultimately increase conversion rates.

Method

Knowing who your target audience will be of no use if you don’t know where to reach them. Social media is a great tool if you know which platform to use for specific messages. By analyzing the personas of each segment and tying them in with your objectives, it becomes clearer as to which method of marketing will resonate with your prospective customer.

Identifying and analyzing your objectives, audiences, and methods are three prominent points to be discussed in the realm of your marketing strategy, but every market strategy is different. The bottom line is, that no matter what your marketing strategy entails, it is crucial to have a plan. A plan sets your marketing in efforts in motion. Being able to give your tactics of marketing a cohesive direction to follow, a uniform audience to reach, and the appropriate medium to do so, can take your business to the next level. If you would like more information on developing a digital marketing strategy, click here.

Alyssa Zucker

Public Relations student at UT Austin; Social Media and Marketing Intern at HMG Creative; California native, coffee addict. Follow her on Instagram @alyssazucker

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