Tag: marketing strategy - Page 2

During economic downturns, consumer behavior often shifts as priorities change and discretionary spending decreases. For retailers, this means rethinking and adjusting marketing strategies to remain relevant and competitive. This comprehensive guide explores how to pivot your retail marketing strategy effectively during a market downturn, ensuring that your business not only survives but also lays the groundwork for future growth when the economy rebounds.

As the end of the financial year looms, marketers across various industries are shifting into high gear. This period is critical not only for closing out the year’s accounts but also for planning and strategizing for the year ahead.

Here are the 6 areas that marketers are focusing on during this crucial time.

Atlanta, known for its diverse population and growing senior demographic, presents unique opportunities and challenges for aged care and retirement living facilities. As these facilities seek to establish themselves or maintain their relevance in this competitive market, implementing strong marketing strategies, engaging in rebranding initiatives, and updating digital platforms are essential.

This blog explains why these elements are crucial and how they can be effectively applied to thrive in Atlanta’s market.

It has been almost two years since ChatGPT started the AI revolution that spread throughout the Internet. Software and applications that incorporate AI, also known as Artificial Intelligence, have proliferated across various domains to support and optimize tasks. As a result, it has become widely used throughout the world, be it in academics, work, or daily life.

With the marketing sector experiencing rapid shifts, reaching your target audience and raising awareness about your cause is crucial for any non-profit organization. But working with a tight marketing budget can make things challenging to compete with larger businesses for online visibility. 

Kanye West's Super Bowl marketing strategy is not just a prime example but a complete masterclass for using event-driven marketing, strategic pricing, and consumer psychology to achieve extraordinary sales figures. This approach, while unique to his brand's persona and market positioning, offers invaluable insights for businesses aiming to refine their marketing strategies for heightened impact and profitability.

In marketing, confusion lies between two critical concepts: Marketing Strategy and Marketing Planning. As a consultant who doesn't shy away from controversy, let me be blunt: if you're confusing the two, you're not just misunderstanding a couple of buzzwords, you're fundamentally misdirecting your marketing efforts. This isn't just a small word mix-up; it's a huge mistake that could be eating into your time, resources, and market share. So, let's discuss these concepts, understand why recognising the difference is crucial, and consider what you need to keep in mind. 

The Blue Ocean Strategy is a business theory and a book by W. Chan Kim and Renée Mauborgne that challenges companies to break out of the "red ocean" of fierce competition and create their own "blue ocean" of uncontested market space. Here's a breakdown of what this strategy entails and whether it's something your small business should consider.