Your Competitors are NOT the enemy!
Tracking what your competitors are doing will keep you up to date with market trends and more critically help you identify gaps and opportunities in your market sector that you could potentially exploit.
It is essential you keep your marketing strategy up to date with clearly defined objectives, a marketing plan and routine analysis of progress.
The 10 Key Marketing Strategy Components
Clearly defined product/service
Your unique selling point
A simple to comprehend and engaging “elevator” pitch
Your brand values
Identifiable brand images
Your ideal client profile
SWOT analysis
How you will promote your business online and offline
Pricing strategy
Competitor analysis