Explore tens of thousands of sets crafted by our community.
Marketing Strategy Development
36
Flashcards
0/36
Target Audience Identification
Defining the target audience is crucial for tailoring marketing messages and mediums to those most likely to purchase the product or service.
Unique Selling Proposition (USP)
The USP defines what makes the product or service unique and why customers should choose it over competitors, strongly influencing the brand’s positioning.
Market Research
Market research involves gathering and analyzing information about your market, competitors, and customers, guiding the marketing strategy with data-driven decisions.
SWOT Analysis
SWOT Analysis helps in understanding internal Strengths and Weaknesses, and external Opportunities and Threats, to identify strategic positioning and growth areas.
Marketing Objectives
Marketing objectives are short-term or long-term goals that are SMART: Specific, Measurable, Achievable, Relevant, and Time-bound, providing a roadmap for strategy execution.
Budgeting
Determining the marketing budget ensures that the necessary financial resources are allocated to various marketing efforts, affecting the scope and scale of activities.
Pricing Strategy
The pricing strategy is critical for defining how a product or service is positioned in the market and how it will compete with similar offerings.
Distribution Channels
Identifying and selecting appropriate distribution channels are crucial for ensuring that the product or service is accessible to the target market.
Promotional Mix
The promotional mix defines the blend of advertising, sales promotions, PR, personal selling, and direct marketing tools used to reach the target audience and achieve marketing objectives.
Content Strategy
Content strategy involves the creation and distribution of valuable, relevant, and consistent content to attract and engage a clearly defined audience.
Digital Marketing
Involves using digital channels such as social media, SEO, email marketing, and online advertising to reach customers in the digital space.
Branding
Branding encompasses the development of a company's brand, including name, identity, and image, to create a persistent, positive perception of the company.
Customer Experience
Enhancing the customer experience involves creating positive and memorable interactions with the brand throughout the customer lifecycle, leading to customer loyalty.
Marketing Automation
Marketing automation uses software to automate repetitive marketing tasks, increasing efficiency and personalization of marketing campaigns.
Influencer Partnerships
Influencer partnerships leverage individuals with a significant following to promote the product or service, tapping into their credibility and reach.
SEO Strategy
A SEO strategy involves optimizing the online content so that a search engine is likely to show it as a top result for searches of a certain keyword.
Social Media Marketing
Social media marketing is the process of creating content that is tailored to the context of each individual social media platform to drive user engagement and sharing.
Customer Relationship Management (CRM)
CRM is a strategy for managing a company's interactions with current and potential customers, using data analysis about customers' history with the company to improve business relationships.
Analytics and Metrics
Analyzing marketing metrics allows businesses to measure the success of their marketing strategies, optimize campaigns, and improve decision-making with real-time data.
Mobile Marketing
Mobile marketing reaches customers through mobile devices via SMS, MMS, email, social media, and apps, optimizing content for a mobile-first experience.
Email Marketing
Email marketing involves sending targeted and personalized messages to a selected group of consumers to promote products, services, or fundraising messages.
Public Relations
Public relations involves managing the spread of information between an individual or an organization and the public to maintain a positive image and build strong relationships with the audience.
Marketing Channels
Marketing channels are pathways to communicate with the target audience; decisions made here affect accessibility and perception of the product or service.
Brand Loyalty Programs
Brand loyalty programs are structured marketing strategies designed to encourage customers to continue to shop at or use the services of businesses associated with each program.
Event Marketing
Event marketing is the experiential marketing of a brand, service, or product through memorable experiences or promotional events.
International Marketing
International marketing involves tailoring marketing strategies to different geographic locations, taking into consideration cultural, legal, and economic variances.
Community Management
Community management is the practice of building, growing, and managing online communities around a brand or cause, creating loyal customer bases.
Conversion Rate Optimization
Conversion Rate Optimization (CRO) is the process of increasing the percentage of users who perform a desired action on a website, optimizing user experience for higher conversions.
Integrated Marketing Communication
Integrated Marketing Communication (IMC) is a strategic approach to ensuring that all forms of communications and messages are carefully linked together, providing clarity, consistency, and maximum impact.
Market Positioning
Market positioning involves establishing the identity of a product or service, relative to the competition, in the minds of the target audience.
Storytelling
Storytelling in marketing is about sharing the narrative of the brand or product in a way that resonates with the target audience, eliciting emotional responses and connections.
Video Marketing
Video marketing is a forward-facing marketing strategy that integrates engaging video into your marketing campaigns to promote your company, product or service.
Viral Marketing
Viral marketing is a business strategy that uses existing social networks to promote a product, relying on users to spread the message.
Ethical Marketing
Ethical marketing refers to the process by which companies market their goods and services by focusing not only on how their products benefit customers, but also how they benefit socially responsible or environmental causes.
Co-Branding and Partnership
Co-branding and partnership refer to a marketing strategy that involves the collaborative efforts of two or more brands to create a unique product or service and to leverage each brand's audience.
Sponsorship
Sponsorship in marketing is about providing support, financial or otherwise, to an event, activity, person, or organization, to align with and gain visibility from the association.
© Hypatia.Tech. 2024 All rights reserved.