Marketing to specific groups of consumers, or target marketing, is one of the most important concepts in marketing. Marketing channels are also used by companies to reach their consumers. As a result, decisions are often made without the consultation of the marketing strategy, and that means they are not likely to be in alignment with the strategy. Especially for small companies, one thing or another can come up that gets the business owner off track, and unfortunately, when that happens, marketing tends to move to the back burner.
Companies also create brands and these brands have an effect on people’s purchasing habits. When we skip over strategy and start executing based upon abstract marketing theory, we’re shooting in the dark hoping we hit something, but we rarely hit the thing we want to hit.
Yes, many old-school salespeople (or go-getter small business entrepreneurs) are quite capable of drumming up business on their own, and may even have some tried-and-true marketing tactics up their sleeve – but few have the time, skill, or technological resources to effectively capitalize on the true potential of their market.
Instead of bothering strangers, connect with your existing customers or people who have indicated interest in your services or products. Especially in the early days it’s easy to underestimate the time required for certain actions or miss some important actions all together.
Is Target Marketing Ethical?
A. Marketing merely reflects the needs and wants of customers. Marketing has relied on four marketing skills and tools and they are the sales force, advertising, sales promotion and marketing research, they must also use brand building, customer relations, telemarketing and others to make their product selling become reality.
Your marketing partner needs to be able to come up with a solid strategy and determine which tactics will best fit that strategy for your unique business. If you’re like most small and midsized companies, you and your team may not have the expertise or time to develop an ROI focused marketing and marketing communications strategy, plan or budget.
After seeing so many television commercials and advertisements both on the Internet and on newspapers I have concluded that some companies construct their ads to create a need in the consumer’s mind even if originally they were not interested in the product.
Maslow’s Marketing Filter
One of the basics of all marketing and advertising training is a teaching of “Maslow’s needs pyramid”. Without it, no strategy will be realized, which is why it’s crazy that so many companies create a business plan and then file it away in a binder on a dusty shelf. Nike teamed up with Michael Jordan to create marketing giant. Finally, distributing a pre-recorded message makes it possible to contact hundreds and thousands of people with just a fraction of the time it would take to make personal calls.
However, as an adult parent, I must assume some of the responsibility for buying products that are marketed to children. Without a sound strategy, companies struggle to keep up … Read More..