5 Common Marketing Mistakes To Avoid
Praveen Kumar
Marketing is a kind of big investment for all sized business. A powerful marketing plan not only brings you across the right customers, but it can also let everyone talk positive about your organization and your product or services. However, this marketing strategy should be properly planned and developed properly. Even a few flaws of your marketing plan can cause a big disaster in your business, costing your business millions of dollars in other expenses and huge loss of revenue. Here is a list of five common mistakes which most of the business owners make while marketing their business online:
1. Choosing wrong Target Audience
Always remember that you cannot sell your products or services to everyone. Generate an effective idea of the psychographics and demographics of your target market and focus at it effectively. If you have customers from different psychographic or demographic purchase from you, it acts as an additional bonus for your business. As soon as you start focusing on a definite group, its trends, interests and purchasing habits, you will soon understand its requirements. This will help you in providing a creative marketing solution to the users.
2. Lack of Testing and Market Research
Initial testing and market research are essential processes as they help in determining the overall performance of your marketing efforts. They also find out what exactly your existing customers and clients expect from your business. You should try to ensure that you execute your task accurately when in terms of testing your different prices, packages and offers, The next step is to obtain a feedback of your customers to analyze their reaction towards all your marketing initiatives.
3. Not Updating your Business Website
Maintaining and updating business profile reflect your business presence in front of your current and prospective customers. If you have a blog on your website, then, it should be updated as well. It can also help you in building trust and loyalty between you and your clients. Updated content on your website even helps your business in building domain authority.
4. Improper Positioning and focus area
Marketing is not just about building up a big organization while ignoring the most essential aspect i.e. brand awareness in this process. Try to generate a creative marketing plan which demands an instant and positive response from your customers. Improper market positioning and focus area could be avoided by following a genuine solution and positioning of successful marketing.
5. Losing your Repetitive Customers
Eighty percent of your business comes from your current customers and the remaining twenty percent is the outcome of your prospective customers you have attracted. Losing your current and repetitive customers can have a destructive effect on your business profits. This can cost you ten times the actual cost to sell your new customer than selling it to your current customer.
Conclusion
By avoiding the above stated common marketing mistakes, you can definitely increase the potential of your business growth and success rate. To know more about marketing strategies and latest digital trends of marketing, Contact us !
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Understanding Contentful: A Comprehensive Introduction
There's no denying that creating captivating content is the backbone of a website and business. But content creation is one thing, and website content management is entirely different. What's more important than the quality of content is how you present it. Even the most captivating content feels uninteresting when its presentation could be better and more thoughtful. A robust system enables organizations to overcome content creation, distribution, and scalability challenges. There are plenty of content management systems (CMS) you can choose from, and among the most brilliant options is - Contentful. Content creation often becomes a tangled web of disconnected tools and fragmented workflows, making maintaining consistency and streamlining processes challenging. Traditional content management systems may offer some relief but often need more flexibility and adaptability to evolving business needs. But these problems are easily bypassed with Contentful, an innovative CMS that has garnered immense applause for its modern architecture and flexible approach. It empowers businesses to create, manage, and distribute content seamlessly across multiple channels and devices. This blog aims to provide you with a comprehensive understanding of Contentful, equipping you with the knowledge to harness its full potential. Whether you're a developer seeking a flexible CMS solution, a content creator striving for a streamlined workflow, or a business owner aiming to deliver exceptional digital experiences, Contentful is your gateway to success. Furthermore, we will examine Contentful's extensibility, as it allows customization and integration with third-party tools, providing endless possibilities to enhance your digital experiences. 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It adopts a "content first" approach, allowing you to focus on creating engaging content and shaping meaningful experiences for your audience. Contentful's flexible content modeling system provides the building blocks to structure and organize your content in a way that aligns perfectly with your specific needs. Business problems that can be overcome with the help of a contentful company: Content Fragmentation: Traditional CMS often leads to fragmentation, where content is scattered across multiple tools and platforms. Contentful provides a centralized hub for all your content, ensuring it is organized and accessible in one place. Complex Content Distribution: Distributing content across various channels and devices can be challenging and time-consuming. Contentful simplifies content distribution by offering a decoupled architecture, enabling businesses to deliver content seamlessly to any digital platform. 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read more6 Set Up Essentials You Need to Complete Your E-Commerce Website
With the internet becoming an absolute necessity, customers are switching to the next generation of shopping. E-commerce is the way of the world at the present time. The pandemic gave the industry a boost that took it to all nooks and crannies that were earlier left unexplored. The prevalence of the practice has cemented that people’s trust in online shopping is not a primary issue anymore. Getting customers to splurge on your website rather than a competitor's is the real challenge now. Your e-commerce site needs to strive to stay up-to-date and incorporate a number of crucial components if you want to draw in customers and generate revenue. Your e-commerce website needs to offer customers a strain-free shopping experience in addition to being aesthetically beautiful. You can keep your current clients and grow your business by bringing in new ones if you create an intuitive online store with a smooth checkout procedure on any device. Make sure to include these set-ups in your website. 6 Essentials For Your E-Commerce Website When redesigning or creating your e-commerce site, these are the 6 set up essentials that you need to take into account: 1. Is your Website User-Friendly? You will have a better chance of closing a sale right away if your site is simple to use. Visitors should feel welcome and encouraged to click on the products or groups of goods they are interested in buying from the site. In order for visitors to easily locate what they're looking for, categories and subcategories should be self-explanatory. Once the user types their query into the search field, all relevant items that are being sold should appear immediately after. 2. How Smooth are your Shopping Cart and Checkout Processes? It must be easy to add things to the virtual cart. Style or color preferences should be simple to examine and choose from. Customers prefer to see what they have put in their shopping carts as they browse other products, so make sure your design and layout allow the functionality for this. During checkout, avoid confusing customers. Most businesses lose their sales because they make their checkout process too tedious and long. The pandemic era has reduced everyone's attention span and patience. So, keep it simple and respect your customers' time. The customer should feel comfortable making purchases on your website. 3. Does your Website have Mobile Compatibility? Most of the online-using population has a smartphone. Nowadays, mobile visits frequently outnumber desktop visits. Simply because e-commerce is especially common in metro cities. With people constantly moving to get from one place to another, it is only logical that people use their mobile more frequently than their desktops. Your e-commerce website must be created and optimised for use across all platforms, not just desktop and laptop computers. 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read moreTen Must Skills You Should Look For In Your Virtual Marketing Officer
In recent times, the world has made a paradigm shift to digital platforms, and it has notably impacted the way businesses market their products or services. The proliferation of smartphones, the rise of the internet, and the influx of online shopping have played a huge role in changing the way we eat, talk, buy, research, and gather information. There are 5.112 billion unique mobile users and 3.484 billion unique social media users around the globe presently. With the advent of advanced tech, the only way for businesses to reach the top is through the course of these digital platforms and the charter of this course will be your marketing officer. However, developing an in-house team can strain your finances. Now, in such a scenario, Virtual Marketing Officers (VMO) are your best bet. A VMO works beyond the fundamental duties and envisions strategies that get you a competitive edge without draining your resources. Various types of technical and analytical skills continue to proliferate for VMOs in today’s day and age. Use of AI, incorporation of Machine learning, leveraging big data, all these new skills are gaining importance in the world of digital marketing and for the VMOs as well. With a VMO you get not only your Marketing Head but also a full-fledged team.Now, how do you make sure the VMO services offered by a firm are competent and scalable enough for you? To make things easier, we have compiled a list of the top ten skills that you will need to look for - Understanding of Paid Social Media With paid social media ads-spend reaching $43 billion by the end of 2020, it becomes crucial for your VMO to have a good hold on different types of social media advertising strategies. An ideal VMO will be well versed in paid social media advertising on popular platforms like Facebook and Instagram, especially when there are more than 3 billion companies that advertise on Facebook. A VMO should have an in-depth knowledge of both analytics and insights for all social media platforms and should be able to build a unique and engaging experience for your custom audience base, all the while, experimenting with his creative strategies. There is a myriad of cost-saving opportunities on social media platforms, and your VMO should be able to make the most out of them. Technical Competency No one can make it into the world of marketing without solid technical competency. A modern-day VMO is required to have a thorough knowledge of modern-day technologies as they are an essential part of today’s digital world. Any marketing team works along with professionals from various domains ranging from business intelligence and content creation to web development and data analysis. A VMO must understand the correlation of work between all these people to make the marketing efforts successful. You will be surprised to know that almost half of the modern-day marketing professions require technical skills along with field experience and the same should be expected from your VMO as well. Data Analysis If you keep tabs on the digital world, you might be familiar with the word big data, a hot topic of debate for marketers. However, it is not just big data that is being paraded down marketing alleys but also the usage of available data within an organisation. The efficiency of analysis of the said data can significantly increase the chances of success for your marketing campaign. An ideal VMO knows exactly how to leverage data and draw out strategic campaigns. Indeed, a VMO can never become a data scientist, but he is required to have a basic understanding of different types of data and how to utilise the insights and patterns drawn from it. Knowledge of AI and Machine Learning With the AI market growing to become a $190 billion industry by the end of 2025, there is no surprise that it has made its way to marketing as well. Go by Gartner’s Hype cycle for digital marketing and advertising and you will realise that all the expectations related to the incorporation of AI in digital marketing have reached new heights in the last year. By taking advantage of modern-day technologies like machine learning, a VMO should be able to easily achieve marketing-specific goals like tracking real-time customer experience or keeping tabs on spending across various channels. In addition to this, AI can be used by the VMOs to streamline automated content tagging and personalisation on a real-time basis. Source: Unsplash Email Marketing A VMO should be a remarkable email marketer as for every $1 you spend on email marketing, you get $42 in return, and this is one of the highest ROI generated from any digital marketing campaign. The VMO should have comprehensive knowledge of creating an enticing email marketing campaign, and they should be well versed in building a quality email list as well. The attention span of emails is concise, and that’s why the VMO will need to be good at making people succumb to opening the email and clicking on the CTA. Video-Based Marketing Videos are the new king of content. Videos on the digital platforms generate 12 times more share than any other type of content, and therefore, your VMO needs to be exceptionally good at social video marketing. A VMO will need to don scriptwriting and advanced video production as well. Your potential VMO should be well versed in creating videos that don’t only engage the audience but also create leads. In addition to this, a VMO also needs to have a basic understanding of how videos work on different types of social media platforms. Mobile Marketing With the introduction of the Mobile-First Index by Google, you must already be aware of the importance of strengthening your digital presence on mobile devices. Therefore, a VMO needs to master the art of mobile marketing to stay relevant in the industry. An impeccable VMO will have the know-how of strengthening your presence on mobile platforms and optimising the website so that users on different mobile devices can easily view it. Knowledge of Drip Marketing Campaign When it comes to lead generation, inbound marketing can do wonders. Numerous marketers can easily come up with a unique CPC campaign. But, what you need to look for is a marketer that can examine the incoming data and build a robust drip marketing campaign. Building a drip marketing campaign is all about personalisation and well-written communications. So, make sure that your VMO is not only good at creating the CPC campaign but is also able to use drip marketing in the best possible way. Account-Based Marketing Approach The world of marketing is being led by account-based marketers where the right message is sent to the right person at the right time, and this is why ABM is proving to be successful. A VMO needs to be thorough with his ABM approach and be able to channel the given resources to make the best out of it. With the use of ABM, VMOs can push the marketing campaign to not only a single person but to several decision-makers in the buying process. Customer Data Security, Privacy, and Data Governance The involvement of some of the biggest names in data breaches has made people lose trust in companies for protecting their information; This is the main reason why only 25 percent of the people believe that a company can handle its data with ethical responsibility. If you don’t want to lose your precious data, go for a firm that has the right knowledge to act as the most vital guardian of the private information of its customers. In addition to this, a comprehensive understanding of cybersecurity hygiene and usage of critical customer data is also a crucial aspect to look for in your VMO. An ideal VMO can act as a magic wand for your business and this is why you need to analyse potential VMOs on the parameters as mentioned above properly. The skills of VMOs have evolved a lot in the past couple of years and the need to move beyond the fundamental skills has risen. Saffron Edge offers the best VMO services with qualified marketing professionals backed by a team of exceptional content writers, market analysts, and much more. Connect now to know more. ...
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