Friday, September 17, 2010

Building a Marketing Strategy

A marketing strategy is an ever evolving business building initiative. The planning and execution of a marketing strategy, when done by experts, is a well researched, well thought out plan.

Strategies can be the answer to creating growth, capitalizing on opportunies, and provide comfort and assurance in a time of economic downturn. There are a number of major steps in the ongoing planning and execution of a marketing strategy. Marketing professionals need to continuously monitor these steps that are used to create a strategy.

Who is your target market(s)? Narrowly define these groups.

What is your point of differentiation and how are you communicating it?

What are your short and long term tactics/goals that bring your marketing strategy to life?

Execute these tactics.

What are the indicators that need to be tracked to determine if your individual tactics and strategy as a whole are working?

Analyze.

It is natural and responsible to change or alter course based on the results. Many factors, some of which are out of your control, can cause a need for the change.

Edge builds and execute marketing strategies for many clients.

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