To begin an effective strategic marketing strategy, it is
imperative to know your customer, as well as your
competition. Knowing what your target audience is, and
knowing who your target customer is, will be the first step
towards developing a marketing strategy. Once you have
identified your audience, you can then begin to tailor your
marketing strategy, including your collaborative marketing
efforts.
Who is your customer?
You can start by making a series of imaginary profiles of
your potential clients and customers, asking specific
questions such as:
- What is the age range of my potential clients?
- What is their income range/
- What are their lifestyles and hobbies?
Depending on the product you are marketing, your phantom
client profile will vary. The motivation here is to think
of the customer as an individual, rather than as an
amorphous group of unknown clients. Once you identify a
potential client profile, it will be a more natural process
to tailor a marketing scheme.
An effective marketing plan begins with thinking
specifically in terms of whom your market is, and who you
are trying to entice to use your products and services. An
advertisement, email or website display will vary greatly
depending on whether you are targeting college age,
financially conservative students, middle income families
with small children, or single, young professional adults.
The same series of advertisements is likely to appeal to a
diverse variety of clients than a variety of ads tailored
specifically to reach an audience. The same product may
very well be suitable for a variety of clients, but the
same product is less likely to sell to a varied consumer
base with the same marketing strategy.
Don't reinvent the wheel
Knowledge of your competitors' marketing scheme and how
they market their products is almost as important as being
able to identify your prospective clients. There is a lot
to be learned from studying a competitor, especially if
they are a well established business with a solid marketing
strategy.
Marketing is the way to get your products
noticed—this is why it is an essential aspect to a
successful business. If nobody knows about you, how can
they purchase your wonderful goods and services?
Build upon what has proven successful
If you know of a business in your industry that has catchy
marketing ads, it is a good idea to try to understand what
they have done to be successful. This is important for two
reasons: you don't want to exactly replicate another
marketing strategy, and you want your advertisements to
stand apart from what is already being produced. This will
help you to develop and tailor your marketing scheme to
your target audience, in a way that is different from your
competition—and get you noticed!
Awareness of how similar businesses in your industry
approach marketing will help you develop the edge you need
to target your own clients. Intimate knowledge of who these
prospective clients are will set you in the right direction
for developing a successful marketing strategy that is
unique and specific to your business. Knowing your target
market, and how the market is targeted by others in your
industry, will put your business on a successful path for
growth and recognition. Based upon this knowledge, you can
even choose a synergistic competitor and create a
collaboration marketing campaign.
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Christian Fea is CEO of Synertegic, Inc. A strategic
Collaboration Marketing consulting firm. He empowers
business owners to discover and implement Integration,
Alliance, and Joint Venture marketing tactics to solve
specific business challenges. He demonstrates how to create
your own Collaboration Marketing Strategy to increase your
sales, conversation rates, and repeat business.
Contact: christian@christianfea.com
http://www.christianfea.com