
Marketing strategies are a tool businesses use to outline their campaign and marketing models. Marketing strategies are important for generating leads and driving business. Marketing strategies seem to be very similar with marketing plans, but the strategy takes a closer look than the plan. Marketing plan is an overview of your marketing initiatives, and the marketing strategy is how you will achieve your plan. Here are some suggestions on effective business-to-customer marketing strategies.
(1) Social network and viral marketing
Social media marketing focuses on providing the users with information they found valuable and wish to share across their social media. Social media shares of content will increase the visibility and traffic of the company’s website. The sharing of content, videos and images will also increase the efficiency of Search Engine Optimization (SEO), which will increase the relevancy in search results within search engines such as Google and social media. Social media marketing is very effective during the COVID-19 pandemic situation, where people use social media more frequently than before.
(2) Paid media marketing
Print marketing shows that a company has put a bit more effort in and because of this makes them appear more trustworthy about what they do. The appearance of a company’s credibility is usually the deciding factor on whether a customer will choose to use your services or not. So, try to print more marketing to reallyPaid media is a tool that a company uses to push their website’s traffic through paid advertising. It is usually being done in the form of digital advertisement, such as search engine ads, display ads on industry websites, and social media ads. One of the most common methods used in paid media is pay-per-click (PPC), where the company will pay to prioritize their website link on the top of the search engine results, and the company will pay the search engine or any related third party for every click on the link.
(3) Email marketing
PrintEmail marketing is an automated process that targets specific customers with the goal of affecting their purchasing decision. The success of email marketing is measured by the open rates and the click rates. Therefore, strategy comes into play, especially when it is used as a component in a larger internet marketing campaign. You will need an effective strategy to turn the reader into a consumer.
(4) Direct selling
Direct selling is a strategy that markets and sells the product directly to the consumer. In this model, the sales agent will build a face-to-face relationship with the customer to demonstrate and explain the product. It is usually done away from the retail setting, usually it will be done somewhere relaxing, for instance, at the customer’s home or coffee shop. This strategy is commonly used by direct selling organizations such as Amway and Atomy.
(5) Co-branding marketing
Direct selling is a strategy that markets and sells the product directly to the consumer. In this model, the sales agent will build a face-to-facCo-branding marketing is a strategy in which at least two brands join together to promote and sell a single product. The brands lend their collective credibility to increase the perception of the consumer on the product or service, so they will be more likely to purchase it. It is very common to see today that two brands work together and introduce a collaboration product to promote the popularity of the brands, especially collaborating with an artist.
Conclusion
There are still many different marketing strategies besides what is listed here. When it comes to marketing strategies, there isn’t a one-for-all solution. How to select a most suitable marketing strategy depends on your business nature and business needs. Choosing a correct marketing strategy is important in reaching your targeted customers effectively.
TRANSFORM YOUR BUSINESS TODAY!
Realizing the importance of digital transformation, The Malaysian government has introduced various initiatives to encourage SME digitalization. The Malaysia government through the Ministry of Finance (MOF) is working together with Bank Simpanan Nasional, SME Bank, and Malaysia Digital Economy Corporation (MDEC) in managing the grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalization in daily operations.
Get your Matching Grant up to RM 5,000 with SME Digitisation Initiative now, for any Digital Media Marketing & Video Production services from SBS.