The marketing world is a like a can of spaghetti. Entangled, complex to see a route through, but delicious when you can see the bigger picture.
As a small business owner, where do you start? Lots of people offering advice, and it just gets confusing. Not wanting to add more confusion into the mix, but heres a snazzy infographic.
The 5 key points are self explanatory, and believe me, there is a lot more….
In-Depth Market Research: Knowledge is power. Thorough market research lays the groundwork for understanding your audience and carving out your competitive edge. Don’t let a lack of data steer you off course.
Strategic Resource Allocation: Your resources are your arsenal. Allocate them wisely to fuel your product launches, marketing initiatives, and sales strategies. Missteps here could mean missed opportunities.
Calibrated Pricing Strategy: Price with precision. Find the sweet spot where value, competitiveness, and profitability intersect. It’s delicate, but get it right, and your market share will thank you.
Aligned Sales Strategy: Ensure your sales and marketing messages move in lockstep. Alignment is the linchpin of clarity, both in the market and within your team, safeguarding against lost sales.
Impeccable Execution Timing: Time it right. Market entry is as much about ‘when’ as it is about ‘why’ and ‘how’. Too early or too late can cost you dearly in this fast-paced arena.