Blog How to Create an Effective Marketing Strategy for Your Startup Company Jeethu Vijayan April 29, 2020 Comments are Closed 0 It is great to concentrate your efforts to bring up a start up company. As it sounds, it’s not an easy task to make your dream come true. For any construction to be strong it should have its core basic to be strengthened with the accurate resources and procedures. Similarly for a startup to grow it requires some well defined strategies to guide the process. Marketing strategy is a significant one among them as this is the process working behind the revenue earned. Business works in an ever changing dynamic environment, and you must be flexible to that change. Being a part of this digital era, Indian firms could transform their conventional way of implementing the marketing strategy into digital platforms. Marketing strategies fundamentally aim in creating more awareness, consideration and preference for our product among the consumers which inturn leads to an increase in the proportion of probable consumers in the market. Digital platforms which make use of the social media platforms and ads serve our products to consumers at their good times which enhances the effect. It is simple to move with the flow as the best digital marketing company in India could plan and implement the most suitable and tailor cut digital marketing strategy for Startups who are new in the market. For implementing the plans effectively, the process needs to follow an order, involving all those significant steps in that. It may include: Identify your target market Not all products meant for all. There will be a portion of consumers for whom your product will be the most appropriate one to satisfy their needs and delight them. You could lead a segment of consumers only where your products could stand unique. Find that segment of consumers, who may be grouped on various characteristics. Concentrate your efforts on that segment in order to achieve a high degree of consumer awareness, consideration and preference which makes you capable to earn a brand name that could help in expansion. Conduct market research Make a research to find the significant consumer needs which are yet un addressed by any firms. Identify solutions to address that needs. Create plans and actions to give rise to some unique and innovative products and services which are capable to meet consumer demands. Produce and market the products by using the available resources optimally in such a way that our competitors are far behind us to come with related products. Keep on looking for innovations and creative ideas to win consumer minds which could keep your market share high. Analyze your competition Know your strong areas which are powerful enough to grab opportunities and create an extra advantage of them. Keep an eye on your weaker areas and prepare in advance to withstand downpours which you may face in the growth stages of your startup. Being a startup plan in advance and forecast the opportunities and threats before the industry which you belong to. This is essential to harvest the most from the opportunities and incur fewer loses from threats than your competitors Come up with a realistic budget Formulate strategies by listing the available resources and ensure their optimum utilization. As a startup we may have constraints to raise enough funds and lack of adequate resources. But compensate all these deficiencies with creative ideas along with proper forecast and allocation. Finance being the fuel factor must be considered in each and every level of implementation. Create your distribution channels Startups have to generate awareness among consumers to inform them about our new brand. For this you can create a website and social profiles in those social media channels where your product could gain more popularity among the most probable section of consumers who may need that. Producing organic content on these platforms will be cost effective which could increase the traffic and visitors likely to get converted to consumers. Grow your email list Making personalised communication with the consumers through emails helps in attracting, switching and retaining them. For any Startups it is a better idea to send promotions, new product information, discounts and offers to the consumers after categorising them into different stages or consumer lists. Figure out what type of content you’ll publish Content is a significant factor in the digital Marketing strategy for Startups as it discusses what we sell and why. Blogs, infographics, videos, newsletters and more are the different ways through which we deliver our content. Know which channels are most preferable in the target segment and start with that and progressively add the rest. Choose the best types of campaigns that will speak to your audience about how your startups differ from similar firms. Also include the most creative and influential content. Test and measure all your campaigns You must make a close analysis of how your campaigns work. Look at your social media engagement in each platform and conversion rates. Note from where do these conversions arise and concentrate in these areas. Check the data points such as open rates, click rates, bounce rates and more. Analyse the existing campaigns with advanced tools like Google Analytics to know the most effective campaigns and the ones which are not. Make necessary improvement and run the campaigns after setting some benchmarks to follow. Marketing strategies formulated once need to be updated timely as your firms never remain as Startups. And while you grow your target audience, competition level, degree of budgets, number of distribution channels and campaigns will be on rise. You must get updated in technology and strategies to be an effective and innovative brand. And to have a great marketing strategy choose the best startup marketing company in India who could know where you are and could guide you to reach where you want to be.