The Importance of Market Research in Marketing

It’s becoming more and more important for companies to understand their target audiences in today’s competitive markets.

That means companies need to conduct thorough research of their past, current, as well as potential customers to create more effective marketing campaigns and improve their solutions.

Fortunately, that information isn’t too difficult to obtain due to the development of tools, platforms, and technologies.

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Elements of a Marketing Plan

Companies should be using a marketing plan to contain one or more of their marketing strategies.

Marketing plans are simply a framework for where all of the marketing strategies will be created, and are used to help companies connect each of the strategies they’re going to be using back to the overall goals that a business has.

On the other hand, marketing strategies are used to describe how a company is planning to accomplish a specific goal inside of its marketing campaign. Companies need to have a marketing plan for their campaigns so they can reach their goals, engage with the target audience, and generate sales.

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Creating Newsworthy Stories

Companies that want to reach both media outlets and their own target audiences can greatly benefit from creating their own news stories. There are plenty of ways they can go about that, such as involving employees, creating a weekly or monthly newsletter with updates, partnering with others, and more.

These strategies are all great ways for businesses to develop their stories, share their opinions on current industry events, and promote their products as valuable and reliable resources for consumers.

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How are DTC Brands Surviving Inflation?

DTC brands are those that directly sell their products to consumers. They don’t use the traditional distribution channels of distributors, wholesalers, and retailers.

The direct-to-consumer model is also known as B2C (business-to-consumer), C2C (customer-to-customer), DTC (direct to consumer) and eCommerce.

The best way for DTC brands to survive inflation is by being transparent with customers about pricing, costs, and margins. Brands should be clear on what they’re selling and how much profit they’re making on each item.

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Which Companies Should Be Advertising on TikTok

TikTok gives companies a great opportunity to promote their products or services and increase the target audiences, and their return on investment given the large user base that’s currently counting over 1 billion active users.

However, the biggest challenge that the companies face on the platform is standing out from the crowd and ensuring that the right audience will see a company’s ad at the right time.

Fortunately, companies that want to get more out of their TikTok advertising campaign should be utilizing the right strategies.

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Utilizing PR for Media Coverage

With a strong public relations strategy that’s built around content, companies can meet their business goals more easily.

This type of strategy gives the PR team a reason to talk about the business with journalists and media outlets and can expand the reach of the piece of content to new potential audiences through earned media coverage.

It can also be useful in increasing back linking opportunities from authoritative websites which increases SEO rankings and efforts.

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Making The Complicated Simple

It’s not always easy for companies to truly develop content that will be clear and easy to understand for the target audience, as well as make it perform well at the same time.

Without having skilled writers that will be able to translate any technical jargon or concepts into language that’s easy for anyone to understand, businesses won’t be able to create any content programs, which end up directly affecting their ability to differentiate themselves in a crowded market.

Fortunately, there are a few things that companies can do to turn their complex ideas into things that are simple to understand through interesting and engaging content.

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Learning About Targeted Campaigns from H&M

Recently, the Swedish multinational clothing company H&M released a brand new collection of biodegradable baby clothes as a way to better target millennial parents.

This new clothes collection is a great way to better understand the brand’s overall strategy of trying to appeal to a brand new generation of parents that are unlike any of the other parents that have come before them.

With the new collection of compostable baby clothes, which is the first for the brand, H&M is trying to guide the public conversation toward more sustainability inside the fashion industry.

Additionally, the brand has started focusing on creating marketing campaigns that are targeted at millennial parents, simply by giving those new parents a lot more peace of mind regarding their purchasing decisions.

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