Managing Customer Value
The advent of digital technology has completely transformed the landscape of marketing. Today, marketing is deeply entrenched in optimization, which seeks to refine and streamline strategies to achieve the best possible outcome. The endless pursuit of precision and efficiency has led marketers to increasingly rely on return on investment (ROI) and mathematical modeling to guide Read More …
Traditional sales distribution strategies for equipment manufacturers Traditional sales distribution strategies for equipment manufacturers have often relied on intermediaries such as dealers and distributors to reach customers. These intermediaries are crucial in the distribution process, from warehousing and logistics to marketing and sales. However, this traditional approach can present challenges for manufacturers, such as limited Read More …
One of the most critical aspects of any business planning is effectively using the marketing budget to develop growth strategies. This entails investing wisely in marketing channels aligning with your overall business objectives and tracking their performance. This approach allows businesses to examine their growth in relation to their marketing efforts, thereby allowing them to Read More …
When you think of how marketing functions in a modern organization, you probably don’t picture it as a cluster of interconnected hubs; most organizations are structured to have clear roles and responsibilities assigned to specific individuals or departments. But that’s exactly what CMCs are: an organizational structure that can help companies achieve strategic advantages in Read More …
The first step in the laddering process is identifying your product’s or service’s primary benefit or values. Ask probing questions such as “why would you choose this product or service?” and “why is this important?” to understand the customer’s motivations. Once you have identified the primary benefit or value, create a category ladder to identify Read More …
Every business wants to ensure success, and one of the key areas to focus on is crafting an effective distribution channel plan for your marketing framework. When planning your distribution channels, you need to be sure that it fits in with the unique value proposition of your business and allows you to reach your target Read More …