Marketing in today’s highly competitive world is challenging. Standing out from the crowd of competitors can be difficult. And if you believe that you aren’t making an impact, ask yourself the following questions:
- Are you simply following the marketing trends?
- Are you trying anything and everything?
- Are you actually researching to figure out what is or isn’t working?
No? Then Houston, we have a problem.
While it’s even more difficult to compete in the digital arena, especially with big brand names, how then can a small business compete effectively?
Simple: You can’t be complacent and pray that you’ll become number one in your market. Your success will actually depend on the research and marketing plans you create and put into action.
You need to run your own race by getting back to and mastering the basics whenever you think about your marketing strategy. If you don’t do the basics well, you will never succeed with all of the advanced tools available now.
You can’t run before you crawl. Here are 5 marketing Tips that will help you to run your own race:
1: Look At Your Competition, but Don’t Obsess
You need to know who your competition is and what they are doing, but what you also need to do is know how you can do it differently and better.
2: Research + Analyze Your Industry
More than researching your competition, you need to research and analyze your industry. Do you know the the trends and what is happening in the next 6 months to a year? Being proactive about these things can actually help you be prepared before they happen.
3: Be Unique
Your offering must be different than that from your competitors. What’s “your juice”? You are at a disadvantage if it doesn’t stand out. Think about it.
Offer something different that can be seen as better than your competitors in at least one way. Maybe you are more affordable but offer more value, or you provide a different service. Either way, you need to have that one thing that makes you stand out.
You can also be unique in how you market yourself. You have to be if your product or service is exactly the same as your competitors.
4: Develop Your Online Brand + Image
In today’s competitive market, it is not enough to have cute business cards, brochures, and a website. You need to develop your brand and image. There are many ways to do this:
- Invest in a killer website. Even if this means outsourcing, please…just do it.
- Invest in Content Marketing and SEO Services.
- Create a company culture that will speak for you. That’s the power of building a solid brand.
- Develop a strategic business and marketing plan: implement, track, tweak when necessary (see break down below).
5: Create, Implement, Track and Tweak Your Business And Marketing Plan
No business will survive forever if they don’t take the time to do the basics right. Creating a business and marketing plan is where everyone should start. Then, implementing and actually utilizing, and tracking your plans and budgets.
One of the biggest mistakes you can make is not taking this part seriously.
Maybe you developed a budget, but then you never actually look at it until it’s too late. The same goes with your business and marketing plans – you create or hire someone to build them, but then you never follow through and actually use any of the strategies.
Most of these tips you know and I’m pretty sure, you’ve heard them before, but may have forgotten them.
Once you’ve mastered the basics well, you can branch off and kick more ass by breaking the rules from time to time. While it is not easy to be unique and run your own race, the fact is that that very statement is what will set you apart from the crowd.