4 Strategies to Beat Your Marketing CompetitionThe bigger they are, the harder they fall, but don’t get crushed in the melee. When it comes to taking on the competition, it’s important to keep your eye on the prize.
4 Strategies to Beat Your Marketing Competition
The bigger they are, the harder they fall, but don’t get crushed in the melee. When it comes to taking on the competition, it’s important to keep your eye on the prize.
If they’re not nipping at your heels, they’re eating your lunch. When it comes to the competition, you probably know all the cliché and the stories behind them. And while the cliché may be true, it’s important to remember the moral of their stories.
If your focus is on battling your competitors, you may just lose the war. It’s not about beating the competition, it’s about winning more business.
1. Take Down Goliath: Marketing Agencies
Don’t let the deep pockets of the big-box stores, franchises, national brands, and more-established local businesses intimidate you. Whatever your budget, you can use it effectively to take down even the biggest giant. It’s how you spend your marketing budget, not how much you spend.
2. Win the Ad Arms Race
If they’re running a half-page ad, you should run a full page. If their commercials run once an hour, yours should run twice. Right? If you’re looking to win the biggest ad spend award, that’s the path to victory.
But being bigger doesn’t necessarily mean being better. When it comes to advertising, the most effective weapon in your arsenal is strategy. It’s not about running the most ads or using the most tactics-it’s about reaching the right audience. That’s the key to winning more business (and yes, beating the competition in the process). Everything from how you advertise to the content of your ads should be driven by who your audience is and where they are.
3. Stay Ahead of the Marketing Pack
To throw another cliche your way, you need to stand out from the crowd to reach your target audience. Once you understand your target demographics and their behavior, you can start thinking about how to capture their attention. From up-and-coming Millennials to ready-for-retirement Boomers, there is no magic bullet when it comes to selecting advertising tactics. It takes an integrated marketing strategy, with a variety of messaging and ad formats to reach consumers at every stage of the buying cycle. Finding the right media mix is how you keep your brand top-of-mind with current and prospective customers (and how you edge out the competition).
4. Consistently Raise the Bar in Marketing Strategy
Despite death knell that’s been tolling for close to a decade now on traditional media, vehicles like print are still thriving. The death was more of an evolution. Traditional media is moving into a support role as digital tactics move to the forefront.
The rise of digital marketing is giving advertisers more opportunities to reach consumers than ever before. From banner ads to pop-ups, digital advertising is everywhere. But if you want to connect with consumers and inspire action, you have to raise the bar with innovative, interactive ad formats. Whether it’s the unlimited reach of mobile, the captivating pace of video, or the in-depth coverage of branded content, our digital ads perform better and make a lasting impression.
We can help!
Are you ready to win? We’ve got the insight, strategy, and tactics you need to reach your target customers in meaningful ways (and eliminate the competition). Contact us online to get started.