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Using Your Competitors’ Knowledge to Build Your Business

The Lead Agency

By understanding exactly who your competitors are, and what they are offering, you are best positioned to set your prices competitively and to market your products and services in a way that stands out. If you want to ‘win’ the customer, you have to think about brand positioning.

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Maximizing Business Success: 5 Strategic Methods for Collecting Valuable Insights

Heinz Marketing

Focus groups and interviews delve deeper into qualitative aspects, unveiling nuanced opinions and attitudes. Anticipating future market shifts involves analyzing economic forecasts , industry reports , and expert opinions. Social media listening tools provide real-time feedback, tapping into the pulse of public sentiment.

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Why Is Market Research Important for Any Product or Service Launch?

SmartBug Media

When it comes to launching a new product or service , having a thorough understanding of what people are looking for, along with their opinions and attitudes about your brand, can be integral in creating an effective marketing strategy.

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Why Customer Feedback is Valuable and 5 Tools for Collecting It

Navigate the Channel

Feedback goes far beyond just opinion. Demographic information isn’t usually what customers lead with when they praise a company, or challenge it, but demographic, including geo-demographics, can help provide insight into where and how you position your products. (True for any company.) and post-purchase queries, such as brief surveys.

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What Is B2B Market Segmentation? Know All the How’s & What’s

Binary Demand

Gaining a comprehensive understanding of B2B market segmentation targeting and positioning is paramount for companies striving to bolster their competitiveness and profitability. Customize your marketing mix (product, price, place, and promotion) to each segment and communicate your value proposition effectively.

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Make Each Dollar Count: How to Maximize Marketing Budget in 2024

Oktopost

Analyze their marketing strategies, customer feedback, and market positioning to identify potential gaps for your brand. Social Media Listening : Monitor social media platforms to gauge customer sentiments, opinions, and discussions related to your brand and industry. But all marketing tools and platforms come at a price.

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Brand Research for Professional Services: What Every Executive Needs to Know to Grow Their Brand

Hinge Marketing

Research gives firms an evidence-based foundation on which to build a solid strategy — including data-driven brand positioning and messaging. When facts replace opinion, it’s easier to gain consensus. Experiencing downward pricing pressure. Focus groups. Focus groups are rarely the right choice.