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What is a marketing strategy?

A marketing strategy is something that many businesses struggle to create but it is incredibly important to help ensure the success of your marketing activities and to ensure that the money that you might be spending on this, or the staff time being used is maximised and worthwhile. There are Marketing Strategy Consultants who can help with the creation of these documents and who can help support you with a number of different marketing activities along the way.

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There are a number of key elements that need to be included in a marketing strategy document and these include the following:

Goal Setting

Knowing what your business vision, mission and values are is important for you to be able to work out what your marketing goals are. This might require you to look at what you ultimately want to achieve out of your business for a while. You can then use this information to track back and look at what marketing activities need to be completed in order to help you move closer to these business goals. Where possible you should make these goals as specific as possible and set measurable parameters and dates next to them. This then allows you to be able to monitor the success of these and adjust things along the way if needed.

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Target Market

It is important that you know who your target audience or audiences are. This allows you to target your marketing efforts at these people in particular. It can be difficult to identify who you think your customers are and one of the best ways to achieve this is to look at who currently buy products and service from you and look at any similarities that they may have. This will allow you to buildup a picture of who the types of people are that use your products and services. You can then start to look at the ways in which they find out about your business and what their buying personality is.

Marketing Methods

This is where you identify the methods that you want to use to market your products and services and can include digital marketing such as a website and social media channels as well as print marketing and radio and television adverts. The methods that you use should be those that are most appropriate for your target audience and that will help to bring you closer to achieving your marketing and wider business goals. There are lots of ways that you can market a business and it is important to understand what you are using each method and you don’t have to use all of them or use them in same way as your competitors do.

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