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Using Your Competitors’ Knowledge to Build Your Business

The Lead Agency

Furthermore with the increasing use of the internet for buying and researching products and services, you need to bear in mind that you’re not just competing with your immediate neighbours, but also those online.

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Does Your Growth Strategy Need an Intervention?

Vision Edge Marketing

The ability to adapt , differentiate , and stay ahead of the competition is often rooted in the feedback and suggestions of the customers. In addition to their likelihood to continue to buy they also serve as referrals and recommenders for your business. Lower Churn and Customer Acquisition Costs : Happy customers are a powerful asset.

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20 B2B Marketing Strategies That Will Deliver Success In 2021

Marketing Insider Group

One of the most common ways to get started is by using your marketing agency or internal committee to identify your top five to ten competitors and conduct a SWOT analysis for each. Marketers must begin to understand the various roles that are involved in the buying process and create content specific to them. Focus on the Buyer.

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From efficacy to efficiency: 2024’s B2B marketing revolution

Martech

You can start with a SWOT analysis, but the point here is to identify your company’s “must-win” scenarios and learn how to wield this like a weapon. This analysis can offer insights into potential areas for differentiation and improvement. Optimize marketing mix strategy This is about making buying easier for buyers.

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The Brand Development Process Demystified

Stevens & Tate

Brand development process is being able to influence your audience to believe that they are buying into an adventure, an identity. Your analysis should be able to answer the WHY question- why a customer should buy from you and not somebody else. SWOT analysis has been commonly used to give a clear picture of company characteristics.

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7 Essential Metrics for Brand Health Tracking

Digilant

Category Funnel The Category Funnel serves as a comprehensive tool for understanding a brand’s strengths and weaknesses at various stages of the customer’s buying journey. One simple, yet effective approach for this assessment is a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).

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How to Build a Sales Territory Plan with a Buyer-Centric Approach

Zoominfo

A product development team, on the other hand, may need to use big data analytics and the Internet of Things to differentiate their customer experience and engagements. Look at past win/loss analysis data per region to develop a SWOT analysis on each major local competitor. These pain points represent an opportunity in the IT market.

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