DALSEC

Business & Marketing 

Conducting thorough research to uncover potential opportunities, clearly identifying your target market, crafting a distinctive value proposition, and selecting the most effective channels are essential steps in successfully marketing your business.

Conduct market research

  1. Profile your target markets

Identify your unique selling proposition (USP)

Develop your business brand

Choose your marketing avenues

Set your goals and budget

Nurture your loyal customers

Monitor and review

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"Embark on the journey to a brighter future by following these straightforward steps."
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Conduct market research

Market research is a key part of developing your marketing strategy. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to undertake an initial sales forecast, monitor market trends and keep an eye on what your competition is doing.

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Profile your target markets

Trying to promote your product or service to everyone can be costly and ineffective. Grouping or segmenting your potential customers based on certain characteristics will help to focus your marketing efforts.

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Identify your unique selling proposition

A USP is the unique reason your customers buy from you and not your competitors – it’s what makes your business stand out from the crowd. It is important to define what you do differently and be able to convey that to potential customers. Commonly, this reflects your special knowledge or skills.

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Develop your business brand

Every business, regardless of size, is likely to need a brand. A brand is more than a logo, colour or tagline. A well-articulated brand emotionally connects with your target customers and conveys who you are, what you stand for and what you can deliver.

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Choose your marketing avenues

While there are many available, consider your target audience when you are determining which to use.

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Set your goals and budget

Marketing goals will help you to define what you want to achieve through your marketing activities. Your goals should be SMART: specific, measurable, attainable, relevant and time-based.

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Nurture your loyal customers

Your customers are the key to your success so it is important to look after them and encourage loyalty. Providing exceptional customer service can keep people coming back and set you apart from your competitors.

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Monitor and review

It is important to regularly monitor and review your marketing activities to determine whether they are achieving the desired outcome, such as increased sales. Initially you should review your marketing plan every three months to ensure your activities are supporting your strategy. Once your business becomes more established review your plan when you introduce a new product or service, if a new competitor enters the market or if an issue arises that affects your industry.

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