In today's day and age, marketing strategies are essential for a business to run smoothly and successfully. When these strategies become effective, they are the foundation of making a business succeed.
As stated in the blog ‘How an Effective Marketing Strategy can help your business grow’, having the right marketing strategy can be a make-or-break factor that determines the growth and success of your business. However, to be as successful as possible, businesses need to diversify their marketing platforms. Diversifying your approach allows your business to achieve long-term growth while introducing your product or business to a completely new market.
Here are our top reasons why you need to diversify your marketing strategy:
Reach a larger audience
Once you can diversify your marketing strategy, a larger audience will view your posts and content, giving you a much stronger online presence. Diversifying your marketing strategy allows for you to gain a following from individuals who have either never heard of your business or once overlooked your social media platforms. By combining different channels, such as blogs, websites, and social media platforms you will see successful results in the audience that has been reached. Being active on each platform also helps your business become well known as your target market sees posts and advertisements on every platform they click on.
Creating relevant and relatable content
Through having a variety of channels to post and reach out to potential customers, it allows your business the opportunity to create relevant and relatable content for every different channel.
Diversifying gives you a chance to try out many types of content to see what best suits each platform. You can post different videos, photos, and pieces of writing which then allows you to know what every platform needs and allows you to cater for exactly that. Once your posts become perfectly suitable for the channel it’s on, then your business's marketing strategy will become more and more successful.
Not to be dependent on one platform
It’s never a good idea to have your business on only one or two platforms. Although you might have gained a large number of followers on the channels you do have, what if something was to go wrong?
It’s not uncommon for social media accounts to be reported or deleted in the blink of an eye with no reasoning or justification. Imagine all your followings gone just like that. That is why diversification proves to be so vital in your marketing strategy. Don’t become dependent on just one platform, there are so many situations that can ruin your accounts. It is so important to have backup plans in case something fails. Although your target market may be based on one platform, it is always an advantage to your business to reach a larger target audience and broaden your market.
Helps to gain useful data
Through the diversification of your marketing strategy, you can collect and analyse a wide range of data that you wouldn’t otherwise have.
Your business may begin to receive different kinds of feedback, questions, and tips from different platforms and channels that allow you to adapt and thrive as a business. The more channels you have, the more data you will collect to analyse. Diversifying your marketing strategy not only will help you become more successful, but it will also help you steer clear of any issues such as your only social media account being deleted or hacked, which could lead you to promote your business from scratch again.
Although it may be an expensive and lengthy process, the long-term effects will definitely positively impact your business and marketing strategy.
Image Source: ShutterstockID 1100733734
No small business is complete without a marketing strategy.
Having a marketing strategy ensures that you can give your business the recognition it deserves. Many small businesses don’t deem a marketing strategy to be worth their time, but regardless of size, every business has something to gain through marketing. A well-developed small business marketing strategy will increase your brand awareness, improve your reputation, increase your conversion rate, boost your sales and maximise your visibility.
A marketing strategy workshop is a space for collaboration. Ideas are constructed, analysis is undertaken and critical decision making is implemented. Members from various departments can come together and understand how marketing influences their outcomes. This allows for more innovative and effective solutions.
Since workshops only happen occasionally be sure to take advantage of them to show the rest of the company just how important marketing is to success. This is your one chance to effectively demonstrate the impact of marketing on all departments of the business.
Making bold claims, sometimes to the point of looking ‘crazy’ to the general public, has become the marketing method of many highly successful modern-day entrepreneurs. Interestingly, the word entrepreneur can be defined in the Oxford dictionary, as “a person who makes money by starting or running businesses, especially when this involves taking financial risks.” While their methods may seem ludicrous at times, these unconventional marketing tactics often have surprisingly positive results.
A great number of lessons can be learnt from a few of today’s most ‘crazy’ entrepreneurs, particularly when it comes to rethinking your marketing strategy.
In a world saturated with mass advertising, it’s hard to stand out amongst the crowd. Everywhere you look you are met with out-of-home displays, television advertisements, social media promotions – it is integrated in our every-day life! As a consumer, it’s also sometime difficult to recognise and digest every marketing attempt and therefore only the ones that stand out are absorbed.
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As businesses across Victoria are returning to the office after six months working remotely, you could be forgiven for being a bit lost at first.