When designing your marketing strategy, using a marketing mix will help you address key issues in marketing your products and services. Focus on answering the following questions:
- How can you develop your products and services? Try to identify what makes your products and services different than your competition and try to better cater to customers’ wants and needs. You may also want to expand your products and services by offering additional, complementary products and services. Find partners to enhance your products, services and surpass customer expectations.
- Can you change pricing to a medium among market-based, cost-based, and value-based.
- Do your distribution options include online and in-store?
- Should you use or add owned, earned, and paid promotional channels for target marketing? Explore many avenues and channels to collect performance data and find out which ones work best.
- How do you build customer confidence? Do your business processes offer the best value for customers? Are your people well trained and skilled at providing customers with a superior experience?
- Is your in-store environment inviting to your customers? Are you making the most of the signage and layout?
- Is your customer in a cyclical relationship that includes post-sales communications and obtaining feedback to improve and enhance the next experience? Send after-sales emails such as purchase summaries with a satisfaction survey, letting customers know you value their business and want to improve your services.
- Is your website quick to load and easy to use? This could factor into customer engagement and search engine placement.
Data Gives Insight
Analyzing the data from your efforts tells you the areas most in need of improvement. Your business software should include tools that will make it easy to track this information and deliver reports. Your marketing and business strategies should have a common goal. You can make data-driven decisions from analytic and employ techniques that improve your marketing mix. You can also ask your customers where and how you can improve as part of building a lasting relationship.
Let Technology Work For You
Stay on the cutting edge of marketing. Technology, such as customer relations management (CRM) software may also include marketing management capabilities that can help you run your business more efficiently. There is no need to put your marketing mix on hold with marketing management software because it can facilitate automated posting at all your social media outlets and websites. You can make scheduled posts, interact with your audience by responding to questions and comments, and share your industry knowledge and expertise, even give advice through your content. You can add value through your content, support, offers, and bonuses to customers.
The Importance of Your Website
Your website is your online storefront and you want it to give the right impression. With the help of a web hosting service, businesses of all sizes can present a polished, professional appearance. A business can create a secure online presence with a few clicks and for a small fee, a web hosting service provides a domain name and storage for your website. Different web hosting services offer different features in their web hosting packages.
When considering a web hosting service, cost, guaranteed up-time and customer support may be among the features important to you. Some web hosting services may include features such as shopping cart processing and scripting support. Decide on the features most important for your business. Web hosting services store your website on servers. There are 4 common types of servers with different pricing and features:
Servers
- Shared Hosting services are usually the least expensive option. Your website is on a server with other websites. It may serve the needs of start-ups and small businesses with minimal traffic.
- A Dedicated Server host a single website and gives concentrated computational power for your website speed and better performance.
- Is Cloud Hosting (VPS) is similar to shared hosting in that many websites share a server. Virtual private servers are cloud-based servers that offer scalability, flexibility, and redundancy of cloud computing and businesses’ computational value.
- A WordPress server can be hosted on any of the above servers and is specifically designed and optimized to serve WordPress pages. Content creators, journalists, and bloggers use WordPress.
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