Planning a Successful Marketing Strategy
5 Ms of Marketing Your Business’. These ensure success of your marketing and ultimately your business growth. The 5 M’s are…
- Market: You need to determine who your target market is, and ask yourself ‘who needs what you have?’. The next step is to understand as much as you can about your target market so that you can tailor your marketing accordingly.
- Moment: Timing is so important in the success of marketing. It’s crucial to pick a time when your target market will be influenced by your marketing.
- Media: There are many different media through which you can communicate to your target market. By understanding how your target market behaves you can choose the one which will be the most effective.
- Message: Your Unique Perceived Benefit (UPB) should be the core of your message. You should use your UPB to stand out from your competitors and communicate why your target market should buy your product or service.
- Method: Your method is about how you are going to communicate your message to your target market, and what systems and strategies you are going to implement to achieve your goal.