Studies have shown that assessing your prospects and business strategy for the next year is most efficiently performed during Q3 of the current year. Marketing is no different! That way, you have a majority of the year’s data to base some decisions on - while still having some breathing room before the end of the year. As we make our way to the end of Q3, here are some questions you can ask yourself when planning for next year’s strategy.
Marketing is a broad term that encompasses many strategies and platforms used to promote a product or service. Within marketing, there are numerous myths and misconceptions that could ultimately be harming the potential growth of your business. Here are four common ones:
Marketing and advertising are one in the same
While marketing and advertising often go hand in hand, they are not the same! Marketing is usually defined as the overall strategy toward promoting your business, while advertising is a term used to describe a paid form of messaging, such as paid social media ads or Google Ads. Without advertising, the impacts of your marketing may be limited. Without a marketing plan in place, your advertising dollars may be wasted. A combination of both is usually the sweet spot!
Interactive marketing is a rapidly growing trend in the world of digital marketing. Consumers are often overwhelmed with advertising messages in this day and age and, as a result, marketing techniques like banner ads and pop-ups are becoming less effective.
Interactive marketing is a type of marketing that engages consumers and encourages them to participate in the marketing process. By providing an interactive experience, you can increase engagement, build brand awareness, and create a more memorable and shareable experience for your audience. To get you started, here are some examples of interactive marketing you can consider for your marketing strategy:
When you think about marketing for your business, things like your website, emails, social media, and TV and radio advertising might come to mind. But what about live events? Event marketing is a unique way that businesses can personally connect with prospective and current customers and stand out from the competition. You can use events to showcase your products or services, demonstrate your skills, or raise general brand awareness.
When you think of the phrase "spring cleaning," you might think of finally tackling those home projects you've been putting off for awhile. But don't forget that your marketing strategy can also benefit from spring cleaning. It's important to keep your marketing plan, materials, and messaging up to date to stay in front of your audience and get ahead of the competition. While this might seem like a daunting task, here are a few actionable steps you can take now to get started:
The world of digital marketing is ever-changing. New technology is putting creativity far ahead of its time and changing the game of digital marketing and advertising. The name of traditional advertising has changed as social media has become a leading source of marketing and advertising products and services. Digital marketing trends are heavily influenced by evolving technology, social and cultural trends, and design trends. What is popular right now? What are people talking about? 2023 is predicted to bring many changes to the marketing and advertising world. Here is what you can expect in the year ahead:
Getting the appropriate message to the appropriate audience will always be priority #1 in marketing, but gone are the days of that being the end of the process. Today, consumers are overwhelmed with the sheer number of options of products and services out there, and markets in all industries are more competitive than ever. Now, audiences (whether consciously or subconsciously) note not only the quality of your advertisement but their experience of being advertised to.
As we head into the new year, you might be looking ahead to what's next for your business. Before you start planning, however, it's important to take a step back and evaluate the current state of your business, and by extension, your marketing strategy. Conducting a year-end marketing audit will help you identify what is and isn't working, along with potential marketing avenues for next year. While this isn't a comprehensive checklist, here are a few steps you can take to get started: