Date: August 2022

A marketing plan is a vital aspect in successfully launching a new product or service. It acts as a blueprint in ensuring your target audience is well educated on your expertise, with the overall aim to generate leads and increase overall sales. All companies are aware of the importance of having a business plan, yet many ignore the plethora of benefits a marketing plan will bring to your business.

Oftentimes, these terms are used interchangeably…

But they actually mean two different things.

Think of it like this…

You are a military leader and about to go war, you would obviously need to prepare all the necessary machineries, weapons, equipment, troops, and the perfect combat strategy to penetrate your opponent’s defences.

The approach to how you are going to tackle the enemy’s defences will be different for each opponent (your competitors), hence this describes your marketing strategy, it lays the foundation before you attempt to do anything.

So, it is essentially like your strategy on how to win the war with your limited sources and capabilities.

Every business has defined goals and objectives set in place. Some businesses aim to bring in sales, income, revenue, while some look at achieving clicks, likes, traffic and visitors to a store or a website. Needless to say, there are so many important factors to make note of when drafting a marketing strategy for any business. But the real question to ponder upon is: Are your business goals aligned with your marketing strategy?

As marketers, when creating a strong marketing strategy, the need to dive deep into all the components of the strategy including sales is paramount. There has long been a challenge that sales and marketing don’t talk enough to each other, and no marketing strategy is effective without understanding the sales process and in particular, sales enablement and the role it plays in reaching key goals.

I’m a boss. Sometimes I have good days, and sometimes I have bad days. The energy of winning a deal or doing something uber creative sends me to the moon and when there are setbacks or I’m thinking about the weekend, I am quite possibly on ‘go slow’. You can imagine then, why I see ‘quiet quitting’ as just another marketing term for people to ignore and move on from.

A B2B marketing technology stack or ‘tech stack’ is a term for technologies used by B2B companies to help them automate, perform and report on various marketing activities efficiently across different channels. The combination of tools that are most suited to your business can vary depending on your industry, business size, budget, and your goals as well as priorities.

Customer loyalty is one of the most essential elements in marketing. Customer loyalty schemes generate an observant, long-term relationship between customers and the business. In other words, loyalty schemes are designed to maintain existing customers to stay and keep purchasing goods from your business. This blog discusses whether loyalty schemes are effective for business growth.

My story about how I began interning at Marketing Eye is probably not very different from most. I arrived in Melbourne in February this year as an international student to complete the second half of my Master of Publishing and Communication degree. From the course name itself, you can probably guess that marketing was not one of the core subjects involved. My course and subjects revolved mostly around the publishing industry and communication via digital media.

For the many companies that hire external agencies or freelancers to develop marketing strategies, there is something that you each should be aware of – marketing strategies don’t implement themselves.

While you are 414% more likely to be successful with a documented marketing strategy in place according to CoSchedule.com, this can only be true if you actually ensure that the right resources, talent and budget is allocated to the execution of the marketing strategy.

If you’re trying to build awareness or gain exposure for your brand on the search engine, but you don’t know where to start, or you struggle to rank on the top of the result page, Pay Per Click might be the answer for you. Pay Per Click or PPC, is a model of digital marketing in which advertisers pay a fee each time the ad is clicked. So, rather than attempting to earn visits to your website organically, PPC is a way to buy visits to your site.