Are you asking “what is usually the first step in the marketing strategy?” Read this article to learn the basics of marketing.
If you’ve owned a business for any duration of time, you know the universal truth of success – it all comes down to making sales. However, if consumers don’t know you exist, how would they know to come to you for your products or services?
How you market your business makes all the difference between running a thriving company and being one of the many small businesses that fail each year. But you probably already knew that. What you may be asking, however, is “What is usually the first step in the marketing strategy?”
That question is what we’re here to answer. Take a moment to get an in-depth look at what you need to do to get started on a killer marketing strategy.
What is Usually the First Step in the Marketing Strategy?
The first step of your marketing strategy is the same first step you took when creating your business. You must start with a plan.
However, this plan must be well-researched, thought out, and created with an emphasis on filling the needs of your potential customers. To optimize the planning process, which is usually the first step in the marketing strategy, you should ask yourself the following questions.
What Problem am I Solving?
To be relevant in the eyes of consumers, you have to be a problem-solver. What problem of theirs are you going to solve? How will you make their life easier?
Thinking in these terms will help you determine how to best attract the attention of potential customers. Put yourself in their shoes and think about their needs.
Who Is My Competition and How am I Different?
We are at the height of entrepreneurship, which makes for a bloated and heavily competitive market. While this is great for achieving the American Dream, it means you have to work harder to stand out. But what does make you stand out?
Set yourself apart from the competition. This can be offering lower prices, exclusive products or services, or simply marketing in a refreshing way. Regardless, you must stand out.
Who Is My Target Audience?
Next, determine who your target audience is. What demographic of the community will your products or services appeal to most and how can you advertise towards them directly?
What Message am I Trying to Get Across?
For a strong marketing strategy, you need a strong message. However, it must be clear, concise, and powerful all at the same time. Tell people why they need you and why you’re the best (without coming off as arrogant, of course).
What Is My Marketing Budget?
Your marketing budget will be a determining factor in how you go about advertising. Figure out how much you have to invest in this strategy before you get too deep into the process. Otherwise, you may find yourself with a fantastic sailboat with no sails.
What Marketing Platform Will I Use?
There are endless options when it comes to figuring out how to launch your marketing strategy. There are free options such as organic marketing on social media platforms and paid options such as PPC marketing, multi-channel marketing options, radio/TV advertising, etc.
How Can I Evaluate the Results of This Plan
When determining which platform to use, however, we highly recommend using one with analytic feedback. If you don’t have that option, you need to keep track of your results manually. Note any results you’re getting from the marketing strategy as well as time periods.
Looking for More Help?
Now that you’ve determined what is usually the first step in the marketing strategy and how to get started, you probably have a few more questions. Don’t worry, it’s perfectly normal, this can be complicated stuff. Feel free to seek your answers by checking out the rest of our articles before you go!