Knowing Your Target Audience
Your company must employ modern strategies to survive. Whether your running a contest or giving away some kind of free gift; tapping into the right target audience is a core strategy your company must find. For example, if your trying to sell ice cream, you are not going to try and market it to Eskimos during winter. Your company should market to kids and adults in the summer. This is a simple analogy of course, but it does get the point across.
This correct targeting will bring more profits through increased conversion rates because you showed your brand and company to the right people at the right time. Learning demographics and doing research before marketing your product or service should be done first and foremost. Know your competition, what are they doing?, what are they offering?, are they successful with what they offer? Just asking some of these questions can start you off on the right foot. You must also keep in mind that not all companies have the same size of targeting potential. Some products and services do not fit all.
Other Areas of Change in Marketing
The mobile industry is growing at a high rate and will continue to increase more and more of the next four years. There are currently more mobile users available than any other device. Tapping into mobile market is the next big thing and actually, it is already here. If you are a business owner and have products and services to offer then make no mistake about it; get going now. Mobile markets have higher conversion rates, can put your company in front of customers no matter where they are located and have been shown to generate faster response’s and sales than most areas of the internet.