Managing Customer Value
Distinctive assets are unique elements brands use to establish their identity and differentiate themselves from competitors. They encompass a range of visual and auditory identifiers that consumers can instantly recognize and associate with a brand. Common examples include logos, colors, jingles, and even mascots. For instance, when you think of Apple, the sleek, minimalist Apple Read More …
Understanding the 60/40 Rule in Marketing Definition of the 60/40 Rule: The 60/40 Rule in marketing is a strategic budgeting framework that suggests allocating 60% of a marketing budget towards performance marketing initiatives while dedicating 40% to brand-building efforts. This balanced approach recognizes the need for immediate returns through measurable campaigns while nurturing a brand’s Read More …
Understanding your customer needs is paramount to success in the sales world. The ability to effectively uncover and comprehend these needs requires a skillset known as sales discovery. While many may view this process as simply asking questions, it goes far beyond basic information gathering. Mastering the art of sales discovery empowers businesses to connect Read More …
Problem-solving in sales strategy, where creativity meets logic and innovation fuels results. The essence of every successful sale lies in the ability to solve a problem, a talent that is becoming indispensable in the sales sector (The Center for Sales Strategy Blog). You may ask why problem-solving is so crucial. It’s simple. Businesses that master this Read More …
A Market Opportunity Map is a strategic tool used in business to identify potential growth areas. It helps companies visualize markets they can enter or expand within by analyzing different dimensions, such as customer segments, geographies, and product categories. The purpose of this map is to prioritize opportunities based on their attractiveness and the company’s Read More …
Brands must understand their potential growth avenues. It’s about more than retaining existing customers; it is about tapping into a wealth of existing opportunities with non-customers. Here, we look at the importance of targeting non-customers and the statistical evidence underscoring their brand growth potential. Article Sources: Oxford University Publications How Brands Grow: What Marketers Don’t Read More …