For the past few months, I've had the honor of developing market entry strategies for a variety of brands.
One thing that stood out during this creation was the uniqueness of each brand and their ecosystem
It was so interesting to see how these different ecosystems interact.
"One of the reasons why most marketing strategies fail relies on how often we generalize a market," I realized.
We approach each market without first gaining a thorough understanding of the market's major elements.
Elements like;
- How best you can communicate and the language of communication
- How they interact and engage
- Their purchasing power(Your target audience)
- What has changed in your market this year?
- What has changed with your competitors? What are they no longer doing?
In a nutshell, you should have a clear understanding of your market
Don't use the strategy you used last year in your previous industry on this new one.
You will save yourself some energy
This is from my experience and my journey
Make sure you learn from it and avoid similar mistakes in the future, or even improve the quality of knowledge you already have.
Meanwhile, you can share your experience too.
What do you think about this?
You can share it in the comment box
Thank you.
Congratulations @blissfash! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 20 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!