What is a Good Marketing Strategy? – The Ultimate Guide with a Complete List, FAQs, & More
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The marketing strategies that are used to drive marketing campaigns can be the difference between such campaigns succeeding and failing.
Oftentimes, the marketing strategies a brand uses will depend on what goals they want to achieve and whether they are short-term or long-term goals.
You have to be able to identify what type of strategy would work best given the state of your brand at any given time and what goals you want to achieve.
Quick Summary
In this post, we will discuss how marketing strategies work and what are the components involved in a successful marketing strategy.
There are certainly some practices you can adopt to ensure that your implemented marketing strategies are a success. We’ll talk about these practices and also talk about some pitfalls that you should look out for and how you can avoid them.
So without further ado, let’s get started.
What is a Marketing Strategy?
A marketing strategy can be described as a collection of techniques utilized by a brand that enables it to achieve a certain set of goals.
Different marketing strategies that a brand adopts are used to help it achieve goals such as:
- Increasing brand awareness
- Increasing conversion rates
- Gaining an edge over the competition
And much more.
Naturally, some goals are more short-term while others are long-term. Depending on the nature of the goal(s), different types of marketing strategies are implemented.
In today’s digital age, effective marketing strategies are changing every day and it’s important for you to keep up with trends in order to stay relevant.
Oftentimes, companies that are just starting up can reach a stage where they feel stuck. In order to generate revenue and become a competitive part of the industry, they need to market themselves. However, they may not have the budget needed for a sizable marketing campaign.
While this may seem like an impossible scenario, the truth is that there are a ton of different marketing strategies that can be successfully operated on a shoestring budget. You just need to know what to look out for in order to conduct them in an effective manner.
Check out our complete on all you need to know about marketing strategy HERE.
What Makes a Successful Marketing Strategy?
When it comes to start-ups and new businesses, it’s important to understand one thing first: If you have a lot of budgets to work with, obviously, you’ll have an easier time.
Not to say that money solves everything but it can certainly be a big help with marketing efforts if you have the budget for it. However, if you don’t have the budget for it, then you must be willing to put in the time.
When you don’t have the money for marketing efforts, the only other thing you can replace it with is time. Just remember that it will take a while before you begin to see the fruits of your marketing efforts. The most important thing is that you stay consistent and stick with it.
Here are some marketing strategies you can adopt to ensure your business achieves success:
Start a Blog for Your Business
Most businesses and brands out there have a blog for themselves. If your business does not have a brand, you should definitely start one right this instant.
Why?
Well, because it can be a great tool that can help build brand awareness, make your brand more discoverable online and introduce it to audiences that may be interested in it. It’s a great way to organically increase your reach and find new customers.
Many people feel that blogging is dead now and not a lot can be gained from having a blog. The fact of the matter is that the people who say that don’t know how to set up an effective blog.
If you know what you’re doing, your blog can help your website rank extremely high on search engine results. If you can achieve that, it can do wonders for your discoverability as well as for your credibility.
When you write content for your blog, ensure that you put in the effort so that it actually provides genuine value to your readers. Don’t post thin or duplicated content just because you feel that’s something that will do well.
Study your competitors and assess what topics they are not writing about. You can then capitalize on this and write about topics that people are looking for but can’t find within your specific niche.
This can be an effective marketing strategy as you create value for your customers that none of your other competitors have. This increases the number of visitors to your blog on a regular basis and thus, can do wonders for your brand image.
If you continue to provide value to your blog visitors, this will then increase your authority and the trust people have for you within your specific niche. Hence, whenever your brand comes out with a product, many people will buy it since you built that trust through your blogs.
Utilize Search Engine Optimization
When you start a blog, of course, you want to consider all of the SEO practices that are currently being used by professionals.
It’s important that you structure your blog in a way so that it’s easy for a search engine to index it and log it. Not only that but you must also ensure not to perform keyword stuffing and have your content properly formatted.
In addition to following the best SEO practices, you can also utilize different keyword explorers available online to build a set of keywords that you can use within your content. Please note that these keywords should be placed organically within your content and should not feel forced.
Where do I look up relevant keywords for my blog?
It’s actually super easy. There are many different keyword explorer tools available online such as:
- Ahrefs
- Moz Pro
- SEMRush
And more.
They have paid subscriptions but they also have free trials that you can use to populate a list of keywords that could be useful to you for a couple of months. All you have to do is type in a keyword related to your niche and the explorer will generate numerous relevant keywords.
You want to look for keywords that have a low keyword difficulty and a high search volume. These are words that are being searched for by your target audience but have not been utilized too much by your competitors.
Hence, if you use these keywords within your content, there’s a high chance they’ll help your blog rank higher in search engine results.
It’s a good idea to make a list of all the relevant keywords you want to use so that nothing gets missed out when you actually write the content.
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Utilize Social Media
Indeed, there are many businesses in operation today that were solely built from the ground up on social media. In today’s day and age, with over 4.62 billion people on some sort of social media platform, it would be foolish not to utilize it for marketing campaigns.
When you first start with a marketing campaign on social media, it can definitely seem intimidating. However, it’s important to stick with it because you’ll find that it gets easier as you keep posting consistently.
Consistency is the key when it comes to social media.
Remember that people on the internet have very short memories. If you stop posting, people will forget about you and your brand pretty quickly. Hence, it’s important that you have a social media content marketing plan ready before you start to post on it.
That way, you can stick to your schedule and ensure that posts get published consistently and regularly.
If you have a website or blog for your brand, you can also link to it within your social media posts. This can be a great way to redirect traffic from social media platforms onto your brand website.
From here, you could redirect them to sales and maybe even get them to convert.
When you post your brand’s messaging and content on social media, it can oftentimes be difficult due to character limits that many platforms have. Character limits prevent you from posting more than a certain number of characters within a single post.
This can be annoying, especially if you want to add a link to your website’s landing page. One of the marketing tactics used to solve this problem is to use a link shortener. This shortens the link to the website and enables more characters to be part of the brand messaging.
To shorten your landing page link through Pixelfy, register an account and log in.
Step 1: You’ll be at the dashboard page once you log in.
From the dashboard page, you can look at insights about previous links that you shortened in the past.
You also have access to the fast shortener box that allows you to quickly shorten any link of your choice.
Step 2: To shorten your landing page link, simply copy it and paste it into the fast shortener box.
After you paste it, you should be taken directly to the next page where you’ll receive the shortened link.
If you do not automatically get taken to the next page, simply click on the Shorten button so that you are manually redirected.
Step 3: On the next page, you’ll get the shortened link to your landing page. You can copy it and use it within your social media posts whenever you want.
Any time you want to look at insights for it, you can navigate back to the dashboard page on Pixelfy.
In the end, all of the successful marketing strategies we have provided above all have one thing in common, they all require a thorough understanding of your target audience.
When it comes to blogging, you need to be aware of what topics to tackle that can genuinely provide value and generate interest within your target audience.
With SEO, you must know what relevant keywords to use and in what context in order to attract and captivate your target audience.
With social media, you need to be aware of what type of messaging to use as well as which social media platforms to use in order to have successful marketing strategies. The best marketing strategies take place on the target audience’s platforms of choice.
Want to learn how to create a digital marketing strategy? Check out our complete guide HERE.
What is a Good Marketing Strategy? – Conclusion
We’ve provided some of the components that a good marketing strategy consists of.
This is in no way an exhaustive list but it’s definitely a place from where you can start. As long as you work to build an authentic relationship with your target audience, you’ll eventually get to a point where you can create a good marketing strategy without even thinking about it.
If you have any more questions, please reach out to us in the comments section below. Check out our website for more content like this.