Becoming Marketing Active: The Fulcrum Guide to Getting Started with Business Marketing – In the first part of our guide to becoming marketing active F2F Marketing firm in navi mumbai, we looked at some of the reasons that drive a business to start marketing (if you missed part one, check it out here). But once you’ve made the decision to embark on a marketing strategy for your business, what next? Where do you start and what steps should you take to ensure a smooth and successful process? As is so often the case in business (and life!), preparation is key. So before rushing into any kind of marketing, it’s important to take the time to plan, research and strategise for success. In order to create an effective marketing strategy, you need to develop a thorough understanding of your market, your competitors and your business itself. This means getting back to basics and equipping yourself with all the information you need to identify marketing activities that work for your brand. 1) Research your target market How much do you know about the target audience of your product or service? We’re not just talking about age, sex or occupation (though, of course, you need to know these too). To have the best chance of reaching your target market, you need to dig deeper and find out exactly what drives them towards purchase. What kind of triggers are they most likely to respond to? Which elements of the marketing mix have the most impact on them? How will your product or service benefit them? Understanding these aspects of your target audience will enable you to position and market your brand accordingly, so comprehensive market research is essential. It’s often easier (and more cost-effective) to outsource this type of research to a professional agency who will be better placed to obtain the information you need. 2) Analyse your competition In order to stay ahead of your competitors, you need to know who they are, what they’re doing and how they’re doing it. Once you’ve identified who your key business competitors are, look into the marketing methods they’re using and the way in which they have positioned their brand. What channels and platforms have they chosen to market their business? How are they promoting their brand and its products/services? Consider which elements are crucial to your own business and how you can position your brand in order to get ahead. 3) Define your objectives What do you want to achieve from your marketing activity? Whether it’s to increase your revenue, establish your business in a new market segment or improve brand awareness, setting clear, measurable marketing objectives is vital in understanding what steps need to be taken in order to achieve these goals. Make sure that each identified objective is specific (how much do you want to increase revenue by?), achievable (is it realistic?) and has a timeframe for accomplishment (are you aiming to achieve this goal in three months or a year?). You also need to make sure that your marketing objectives tie in with your overall business objectives. 4) Understand your business You may think you have a pretty good understanding of your business, but it’s surprising what insights can be achieved when you conduct a thorough SWOT analysis (strengths, weaknesses, opportunities, threats). Be rigorous, be meticulous, and above all be brutally honest. Is a lack of staff training letting your business down? Are your prices too high to compete in today’s market? Arming yourself with this knowledge is invaluable in developing a marketing strategy that leverages your company’s strengths and addresses those areas which need to be improved. In the next instalment of the Fulcrum guide to becoming marketing active, we’ll be looking at the raft of marketing channels available and helping you to identify which ones are best for your business. If you have something to share on this topic, why not get in touch? Leave your comments below…

F2F Marketing firm in navi mumbai

Experience Marketing What We Can Learn From Birds & Bees

So, what are the marketing lessons can we take away from this successful story of natural experiential engagement?

SEPARATE BUT NOT DISCONNECTED.
The Yao tribesmen and the greater honeyguide birds are two completely different species – about as dissimilar and disconnected as you can imagine. This is in parallel to how brands and their target stakeholders are also thought of as being different “animals.” The birds in this case are free-living creatures in the wild – with their own interests and pursuits. The Yao tribesmen are looking to achieve their objectives in order to grow. Marketers and stakeholders almost always have different needs and wants, but they can form authentic relationships built around mutually beneficial experiences.
MUTUALLY BENEFICIAL.
Finding an authentic and natural commonality is vital for marketing success. In this example, not only was there a mutual benefit in the functional sense of securing food for life, but there seems to also have been an equally important emotional benefit resulting from the unique inter-species communication, friendship and relationship. For every brand seeking to create a relationship with consumer, customer or employee stakeholders – there is ALWAYS a common ground incentive that will naturally connect and inspire engagement.
EXPERIENCE MATTERS.
According to the research presented in the article, Yao hunters found their targeted beehives 54 percent of the time, versus just 17 percent when not assisted with honeyguide collaboration. This amazing, inter-species relationship has achieved results that are three times more successful than when working separately. In nature, just as in marketing, it’s always about the experience. A natural, authentic experience that connects brands with stakeholders through shared passions will most often achieve win-win results.
LONG TERM SUSTAINABLE GROWTH.
According the article, scientists suggest the relationship between Yao tribesmen and the greater honeyguide bird species could be “more than a million years old,” which would absolutely meet anyone’s definition of long term. Growing brands takes time. While rapid acceleration is often required and attempted, creating a sustainable relationship with stakeholders built on mutually beneficial motives will drive steady, incremental growth. When you consider that the oldest brands in the world “only” date back to the 16th and 17th centuries (brands like Cambridge Press, Bushmills and Barclays), this “million year” example of sustainable growth can only highlight the simple elegance and long term approach of nature.

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F2F Marketing firm in navi mumbai