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How the Nuances of Vertical vs. Niche Market Approaches Impact Your Growth Strategy

Vision Edge Marketing

The two most prevalent strategies are: vertical and niche. The important nuances between vertical and niche growth strategies have implications for the solutions you create and how you go to market. Let’s clarify what we mean by these two terms, because we regularly hear the term “niche” used to define a vertical market.

Verticals 224
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A guide to the wedge marketing strategy

MKT1

Meaning, early-stage marketing strategies that don’t focus on an acute pain for a specific audience segment will definitely fall flat in 2024. Given this, we recommend using a wedge marketing approach in the early days, and expanding from this initial niche over time—whether you have a horizontal or vertical product.

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Does Your Growth Strategy Need an Intervention?

Vision Edge Marketing

Market Development : Entering new markets or reaching new customer segments. For example, an industrial machinery manufacturer might invest in product development by designing and introducing more efficient and environmentally friendly equipment, catering to the growing demand for sustainability.

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How Niches Provide New Growth Opportunities for Business

Vision Edge Marketing

Niches are segments of a larger market that have own unique needs, preferences, or that makes it different from the market at large. Companies pursing niches, need strategies that organize a product, associated content, and offers around this specific specialized segment. The hotel industry helps illustrate this idea.

Verticals 181
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Decipher the Ecosystem Map to Unlock Growth Possibilities | What’s Your Edge?

Vision Edge Marketing

For example, in the smartphone industry, app developers, device manufacturers, operating system providers, and telecom companies form a complex ecosystem where their success is interlinked. Then take these three steps using the data, customer feedback, industry trends, and competitor strategies.

Jigsaw 197
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The customer data platform market

Martech

One factor driving this trend is the increasing importance of customer experience (CX), which is improved through timely data gathering, AI-assisted segmentation and the personalization of interactions. Twilio Segment Twilio Segment serves both B2B and B2C organizations.

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The Impact of COVID-19 on B2B Marketing Plans: Tech vs. Non-Tech

Webbiquity

The abrupt shutdown of vast swaths of economy and the entire live events industry, to help slow the spread of the novel coronavirus, has dramatically impacted plans for B2B marketers. The dot-com meltdown and recession in 2000 impacted every sector somewhat, but hit the tech industry hardest by far. Tech was impacted far less.