3 Signs Your Marketing Strategy’s Due a Shakeup

It’s easy to get stuck in a rut when it comes to promoting your products and services and, if you’re not careful, your marketing methods may end up letting your company down. To ensure your campaigns are doing justice to your products and services, it could be time to reassess your marketing strategy. Here are three signs that your current techniques may benefit from some tweaking.

  1. Your approach hasn’t changed for a long time

The old adage ‘if it ain’t broke, don’t fix it’ may sometimes be appropriate in business, but when it comes to marketing, it’s important to adopt a more forward-thinking approach. Even if you’re satisfied with your current level of sales, switching up your tactics could lead to significant increases in custom and give a major boost to your bottom line. So, if there are certain promotional techniques that you haven’t yet tried, now could be the time to give them a go. For example, if you aren’t taking advantage of face-to-face sales, harnessing the power of this approach may yield impressive results. The direct connection that this form of marketing allows you to make with your target audience could dramatically increase your sales. Bear in mind that you don’t have to run these campaigns yourself; you can turn to the experts instead. For instance, if you get help with this form of field marketing from Appco, the company will manage the campaign on your behalf, leaving you to get on with your other tasks.

Whether you’re not yet making the most of direct sales, social media campaigns, sponsorship opportunities or any other form of marketing, it’s worth researching your options to see if you could benefit from incorporating the techniques into your strategy.

  1. You’re not getting a good ROI

It’s all too easy to splurge on marketing initiatives, but how often do you stop to ask yourself how much value your campaigns are really adding to your company? If you’re a bit blasé when it comes to calculating the return on your investment, there’s a risk you’re wasting resources. To ensure you’re not throwing money away on ineffective tactics, it’s important to put in place systems to help you establish how beneficial particular methods are. For web-based campaigns, this could involve using conversion tracking tools to see how profitable certain ads are. Google Analytics is a good example. This free tool helps you see how people interact with your website.

In general, finding ways to track which marketing campaigns drive customers to your products or services should help you work out whether particular approaches represent a good ROI.

  1. Your rivals are reaching out more effectively

If your rivals are outperforming you in terms of sales and consumer reach, something isn’t working with your promotional efforts. Haemorrhaging market share to your competitors can be a frustrating feeling and if you don’t take steps to stop this, your business’ long-term survival may be at stake. Doing some research into the techniques adopted by other companies could provide you with valuable insights into where you may be going wrong and how you could improve your strategy.

Ryan

I decided against the 9 - 5 grind so I can travel around the world and share my journey. Love people, music, writing and enjoying life. Share your thoughts.