How to develop a marketing strategy?

How to Develop a Marketing Strategy?

November 16, 20244 min read

Developing marketing for small businesses can be tricky. It's important to understand the main purpose of a marketing strategy. Each of the four types of marketing strategies helps businesses like yours identify and target your ideal customers and create a plan to reach and engage with them. A simple marketing plan for small businesses provides the necessary tools to develop a solid marketing strategy that aligns with your goals and budget.

Identifying Your Target Market

Have you identified your target market yet? Determining your target market is one of the most crucial aspects of effective marketing. Without a clear understanding of who you are trying to reach, your marketing efforts may be wasted on a vast audience that has no interest in your product or service. Make sure you know exactly who your target audience is before investing time and resources into marketing.

How do you identify a primary market?

The first thing you need to do is figure out who your perfect customer is. Your ideal customer might be someone other than those currently buying from you. To find out who they are, you need to do some research, conduct customer surveys, and analyze current data.

When identifying your ideal customer, you should think about their:

  • Age

  • Gender

  • Career

  • Income

You should also consider the problem they are facing and the factors that influence their buying decisions. Gathering this information will help you develop customer personas.

As a business, you will likely have multiple target customers. Your ideal customer is the personification of your largest customer segment. But you should also create personas for the other target customers that make up a smaller portion of your customer base.

To create a persona for each customer, you can create a one-sheet that includes: 

  • Demographics

  • Characteristics

  • Likes

  • Buying decisions

  • Preferred communication channels

When I create a persona, I also give them a name, a photo, and a bio that describes their personality and interests; think of them as someone you are introducing to a friend. What would you say about them? This process will help you better understand your customers and tailor your marketing efforts to their needs.

PERSONA EXAMPLE

How to Write a Marketing Message for My Target Audience?

Crafting a message that resonates with your audience is key to creating any piece of content. You gotta make yourself stand out from the crowd by offering something unique. Your value proposition should be about your ideal customer, their problem, and how you can help solve it. Once you've got that down, creating a catchy tagline and writing copy that works for different channels becomes easier. Having a brand voice and messaging consistency highlights how you are the expert in your field and builds authority in SEO.

"Your value proposition is the core of your marketing message, defining what makes your offering unique and compelling." - Seth Godin

For example, my value proposition is, "Most small businesses cannot afford an agency or a dedicated marketing employee. DIY Marketing Strategies offers a community for small businesses to connect with like-minded professionals and learn marketing insights that help them dominate their market." 

When I'm sharing my message across different marketing channels, including social media, print, and video, I always keep this value proposition and tagline in mind: "Connect. Learn. Dominate Your Market."

How to choose the right marketing channels for my business?

generational photo

Knowing your target market is crucial in figuring out the best marketing channels for your business. You gotta go where your people are at, you know?

For instance, if you're trying to reach Gen Z, Facebook is not the go-to platform, but it's a good start for Gen Xers.

Another thing to keep in mind is that you don't have to do it all at once. As a small business, your time is precious, so focus on one thing at a time.

Whether you're a one-man band or have a huge team, the approach to your marketing strategy should be the same. However, you can customize your marketing tactics based on the time you have available. Don't try to please everyone, or you'll end up pleasing no one.

Effective communication is super important, whether talking about personal life or work. It helps you build strong relationships, achieve goals, and overcome challenges. So, you should always pay attention to what you say, listen carefully to others, and try to understand their point of view. Doing this allows you to become better communicators and enjoy more meaningful and productive interactions with everyone around you. Let's work on our communication skills and enjoy the benefits that come with it!

If you're a small business owner looking to improve your marketing strategies, we have just the thing for you. Marketing Mixology is your one-stop destination for in-depth marketing knowledge and community. Unlike other online marketing platforms, I offer a unique blend of downloadable content, expert-led videos, interactive forums, and exclusive access to me - an industry veteran of over 30 years experience. My platform provides a deep dive into marketing tactics, fosters a collaborative environment for sharing best practices, and offers unparalleled learning opportunities from a seasoned professional.

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Michele Delcoure

Michele Delcoure is a marketing strategist with over 30 years of experience across various sectors, including agencies, nonprofits, manufacturing, and publishing. She envisions a world where all small businesses feel empowered and equipped to tackle their marketing strategies, regardless of how they implement their plans. Michele has created two online communities, Marketing Mixology and Marketing Brewmasters, to help business professionals share industry-specific best practices. These platforms offer valuable resources like videos, articles, downloadable content, and Michele's online courses, which teach her exclusive Marketing Strategy Framework. All this enables professionals to apply effective strategies immediately, helping them dominate their markets while saving time and money.

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