Creating a Successful Marketing Strategy

“Satisfying needs and wants through an exchange process”- Philip Kotler on the phenomenon of marketing.

Here are some essential pointers to keep in mind when creating a successful marketing strategy for any business, regardless of its size, shape or composition.

Define the product / service Make explicitly clear what it is that you are offering, and on what terms that product or service is offered.

Know your target market Learn as much as you can about who you are targeting with your product or service and what their likes and dislikes are.

Know your competition Learn from your competition. Have a look at what they are doing and where they are most active and get some pointers. Most importantly, work out what they are doing and do it better!

Identify a niche The most successful products fulfil a need that nothing else does. Find your niche group and target it effectively.

Generate product awareness Just because your product or service has been born into the marketplace doesn’t give it a right to be known about. Find as many avenues as you can to market your business and do it with aplomb.

Engender credibility Never underestimate the power of word of mouth and make sure that your customers have nothing but the best to say about you, starting from day one. Reputations stick- make sure yours is pretty.

Keep consistent Ensure that everything about your business is consistent, from the messaging to the product you are offering, through to the service you are offering people.

Know when to step back Especially if the business is yours and let marketing professionals do what they do best! You may have conceived, carried and born this business all on your own but there comes a time when you have to let go and listen to good professional advice!