Marketing to Stay Competitive in a Rapidly Changing Marketplace

The world of business has always been characterized by change… but it’s no secret that these days it seems like all that you learn today, and know tomorrow, will be outdated as quickly as the day thereafter. The world of business is changing more rapidly than ever before, and keeping abreast of the latest and most innovative marketing methods that offer a high return on investment is key not just for business growth, but business survival.

It’s true that some tried and trusted ‘old gold’ methods, like celebrity associations and television advertising still work, but it’s imperative that you’re on a par with current marketing trends like the host of social media options, and have a watchful eye for any market shifts. If you’re an internet marketer, then SEO will undoubtedly be one of your main considerations, and as this is your industry, you will know that you need to update your knowledge of indexing algorithms constantly. If you own a business and are trying to do your SEO yourself, then I implore you to do a little research on search engine indexing algorithms. They become outdated so quickly, and it becomes necessary to fulfill different criteria to increase your rankings. Keeping your knowledge current is essential if you want to keep ahead of the rest and get higher rankings.

You should also be on a constant lookout for new and creative ways to market and increase brand awareness. You need to consider that methods that might work for some businesses, may not work for others. Continually assess and re-assess your target market; look at what their interests are, what activities they engage in, and where they spend their time. This knowledge will give you solid pointers as to where you should be directing some of your time and energy.

Wherever possible, don’t become too heavily invested in any particular method until you’ve tested the waters and have done some pilot runs. Have a strategy to assess the results of your efforts or you could just end up throwing money away based on an impression of how well your marketing avenues are doing. If a specific strategy works for you, don’t just continue with it as is indefinitely. Explore all options, and look at how you can expand by building on the methods that work, and be sure to revisit previous marketing methods as well.

When working on your marketing plan of action, try to allocate approximately 20% of the time you have for marketing, and include research and testing of new strategies as a means to increase profits. Also take the time to review your products and/or services. It’s not enough to find the best marketing methods, you have to assess how your offer can be ‘spruced up.’

Another useful practice is to brainstorm all the ways in which you can diversify, and thoroughly research additional profit lines to make sure there’s a market for them. Think about added value that you can offer, re-makes, new-and-improved options etc. Even if what you offer is of excellent quality, it doesn’t hurt to add a bit of frosting, but be careful to consider options that complement and build on your brand, not that which will take a great deal of time and effort to gain brand traction in their own right. Ask questions like: what would attract new customers, retain old customers, and get you repeat business? If correctly implemented, a few strategic changes can go a long way.

It really is essential that you not fall behind on the latest techniques, that you keep up-to-date with your target market, be creative, continually assess your product lines and the return on investment of your marketing efforts, and you’ll be on your way to staying competitive in the shifting consumer landscape.

(c) 2015, Noleen Mariapppen

This article can also be found on: http://www.isnare.com/?aid=1922999&ca=Business

A quick note from the author: I am committed to seeing others succeed, both in business and personally, and I hope that this article has been useful to you. I value your thoughts, so if you have any comments or questions, please send me a message on Facebook  or through my website contact page, as I will continue to improve my resources based on your feedback. Don’t forget to Like & Signup on my Facebook page (Facebook.com/iamoleenm) and sign up on my website (noleenm.com) for e-book offers, free resources, articles and for information on consultancy services.

 

About the author: Noleen Mariappen is an entrepreneur, philanthropist, business consultant, speaker and author based in the UK, but working worldwide. With a background in Organisational Psychology, her career began as a management and business development professional, and included consulting on projects and for a variety of organisations. She has delivered training in a number of areas, as well as branding & marketing support, and facilitated networking and lobbying initiatives across sectors. Noleen’s quest for continual learning, development and improvement led her to gain expertise from some of the best in the world, and she has accessed training and support from the likes of Johnny Fratto, Jordan Belfort, JT Foxx, Damien Elston, Alex Mandossian, Michelle Mone, and many more. She is now a partner in multiple business ventures and one of her missions is to share what she has gained, through her contacts and experiences, and to support others on their journey to success. Noleen’s personal and financial growth is ongoing, and she considers herself extremely fortunate to have Johnny Lew Fratto, (owner of Beverly Hills Choppers among numerous other businesses), as her mentor, from whom she has learned an exceptional amount in a short space of time, and this too she intends to pay forward. She has also partnered with him and a few other respected colleagues in a worldwide branding organisation that will operate like no other, offering turbo-boosted brand recognition and publicity. For more information on Noleen Mariappen, please visit her official website www.noleenm.com, like on Facebook.com/iamnoleenm and follow @noleen_m on Twitter.

0 comments… add one

Leave a Comment

Articles

The Age of The Information Entrepreneur

This has been changing rapidly, and now, an increasing number of entrepreneurs are starting to use e-books as… Read More

10 Top Tips For A Successful Investor Pitch

If you’re an entrepreneur and passionate about what you do, you’ll know how it goes… you have a… Read More

10 Pointers for Hiring a Virtual Assistant

I am a wholehearted advocate for the use of Virtual Assistants and swear by them. The concept of… Read More

The Hidden Costs: 5 Key Considerations When Starting a Business

So, you want to start a business and are wondering where to begin and what it will cost…… Read More

A Super Strategy to Limit Leads that Go Cold

If you’re involved in any role that includes engaging with prospects and promoting your business’s products and/or services… Read More

Quotes

“Time is an opportunity. What will you do with yours?” ~Noleen M

“Every moment has the potential to be a defining one. It’s never too late to choose your moment.” ~Noleen M

“I have free will. I make decisions, take action and live with the consequences- good or bad. Those results are my destiny… brought into play by free will.” ~Noleen M

“Let your last complaint be your last complaint, and let everything be a lesson.” ~Noleen M

“Fill your life with people who at a mention, trigger good thoughts, and at a thought, trigger good feelings.” ~Noleen M

“Success is a choice. It’s what happens when you choose not to dwell in the space of your failures, but instead to learn from them, adapt, and move forward.” ~Noleen M

“In your pursuit of success, think of the why. Success is but a means to an end.” ~Noleen M

“Success is a balancing act between persevering toward our goals, and knowing when to let go of what no longer serves our purposes.” ~Noleen M

Contact Me

Your Name (required)

Your Email (required)

Subject

Your Message

Prove you're human
captcha