What is a Good Marketing Strategy?

What is a Good Marketing Strategy?

Stop Guessing, Start Growing – How a Marketing Strategy Creates Business Success

Think of your marketing strategy as the compass your business needs to succeed. It’s your long-term plan to reach your goals via an understanding your customers’ needs and the discovery of a unique edge that makes you stand out from the crowd. It’s about who you target, how you reach them, and the overall message that makes them choose YOU.

What is a good marketing strategy? It’s a solid foundation that makes everything more efficient, from product choices to partnerships and promotions. And your success depends on it – so let’s start thinking strategically!

What Marketing Is, And What It Isn’t

Marketing is the bridge between your business and its ideal customers. It’s about understanding what those customers want, then creating products, services, and messages that answer those needs better than your competitors. This means pricing smartly, making your offerings easy to find, and building a compelling case for why someone should choose YOU.

Marketing isn’t just flashy ads or a slick website. Good marketing is the foundation that produces these things. It’s the research and strategy that ensures your sales team has the right tools and that your products are genuinely in demand. When done right, marketing fuels your entire business success.

Why do you Need a Marketing Strategy?

Without a strategy, you’re wandering in the dark, making guesses rather than informed decisions. A solid strategy is the key to:

  • Knowing Your Ideal Customer. So you can target the right people who need what you offer.
  • Creating Winning Products/Services. Develop offerings that solve real problems your customers face.
  • Smart Communication. Create messaging that resonates and brings in leads.

Without a strategy, you’re flying blind. You don’t know who you’re talking to, what they really need, or the best way to reach them. That’s a recipe for wasted money and missed opportunities.

A focused marketing plan makes everything work better. It aligns your entire business around your customer base for greater efficiency and stronger results

Create a Marketing Strategy in 7 Steps

Follow these steps to create an effective marketing strategy for your business:

Market Research

Step 1 – Set Clear, Measurable Marketing Goals

Start with the big picture: What are your company’s overarching goals? These are the foundation for everything that follows. Your marketing strategy exists to help you reach those broad brushstroke business objectives.

Now, translate those goals into specific marketing targets. Examples may include:

  • Gaining Market Share. “Increase market share in [region] by [percentage] within [timeframe]”.
  • Channel Focus. “Become the top-ranking resource for [topic] on [social media platform]”.
  • Customer Targeting. “Increase sales to [demographic] by [percentage] over the next quarter”.

Make your goals measurable. Use numbers, percentages, and deadlines so you can track your progress.

Why this matters: Without clear goals, your marketing becomes aimless. This step creates the roadmap for all your future strategic decisions.

Step 2 – Know Your Ideal Customer Like Your Best Friend

Your marketing goals tell you WHO you need to reach. Now, it’s time to dig deep and understand these people inside and out. This is where targeted market research comes in. Your goal is to answer:

Profiling Your Customers
  • Who are they? Demographics (age, location, income, etc.), interests, pain points.
  • How big is the opportunity? Is this market large enough and growing?
  • What’s the landscape like? Who are your competitors, and what are their strengths/weaknesses?
  • How do they act? Where do they hang out online? What influences their buying decisions?

The better you understand your target market, the more effective your messaging, product offers, and outreach channels will be. You’ll stop wasting time on strategies that don’t connect.

Need help? Here are some research tools:

  • Surveys and Interviews – Talk directly to potential customers.
  • Social Media Analytics – Tap into what your audience is already saying.
  • Competitor Analysis – See what’s working (and not working) for others in your field.

Step 3 – Key Pillars of Your Marketing Strategy

Each of these pillars needs to be addressed in detail:

  • Customer Focus: At the heart of everything is a deep understanding of your ideal customer’s needs, desires, and the problems your product/service solves for them.
  • Value Proposition: What makes your offering unique and better than the competition? Craft a clear, compelling message that sets you apart.
  • Channels & Messaging: Where does your target audience spend their time? Choose the right mix of platforms (social, email, website, etc.) and tailor your messaging to resonate on each.
  • Distribution & Access: How will customers get your product/service? Consider online sales, physical stores, partners, etc. Make the buying process as smooth as possible.
  • Customer Experience: This encompasses everything from the first ad they see to after-sales support. Strive for a seamless experience that builds trust and loyalty.

Step 4 – Tailor Your Offerings for Maximum Impact

Now you understand your ideal customer, it’s time to make sure your products or services are the perfect fit for their needs and desires. This means:

  • Reviewing Existing Product. Do they fully solve your target customer’s problems? Are there gaps or opportunities for improvement?
  • Feature & Pricing Alignment. Does the price match the perceived value? Are there features your customers want that are missing?
  • Packaging & Messaging. Does the way you present your product resonate with your audience? Does the messaging highlight the benefits most important to them?

Collaboration is key! Marketing shouldn’t dictate product development, but your insights are invaluable. Partner with product teams to ensure a customer-focused approach from design to launch.

Even the best marketing team can’t sell a product that isn’t a good fit for its target market. This step ensures your efforts are focused on offerings with a high potential for success.

Step 5 – Focus on Benefits, Not Just Features

Your customers don’t care about the bells and whistles of your product. They care about one thing: how does this make my life better? This is where identifying key benefits becomes crucial.

  • Translate Features into Solutions. Every feature should tie back to a real problem your customers face, or a desire they have.
  • Example. Don’t just say your software has “robust reporting.” Instead, highlight that it helps businesses “save hours on data analysis each week.”
  • Customer-Focused Language. Use their words, not industry jargon. Tap into their pain points and aspirations.

Features are forgettable. Benefits create an emotional connection that drives sales. Unsuccessful products often have cool features, but no clear answer to the question “what’s in it for me?” as far as the customer is concerned.

Step 6 – Positioning & Communication

At this stage, you know your customer and the benefits your product delivers. Now, it’s time to translate that into a compelling brand story that sticks.

  • Create Your Unique Position. What makes you the obvious choice for your target audience? Highlight your key differentiator (best price, easiest to use, most reliable, etc.).
  • Messaging That Resonates. Your website, ads, and every customer touchpoint should speak your ideal customer’s language. Focus on the problems you solve and the results you help them achieve.
  • Consistency is Key. Ensure your message is the same across all channels. This builds trust and recognition.

Need help? Consider these questions:

  • What’s the ONE thing you want customers to remember about your brand?
  • If a customer could only describe your product in 3 words, what would they be?
Develop Marketing Tactics

Step 7: Build Your Strategic Marketing Mix

You know your audience, you have a compelling message – now it’s time to decide how to get it in front of the right people at the right time. Here’s where you choose the optimal mix of channels and tactics:

  • Digital is Key. Website, social media, email marketing, and content strategy should form your foundation.
  • Targeted Approach. Where does your ideal customer hang out online? Focus your efforts there.
  • Traditional Still Has Value. Consider print, radio, or events if they align with your target demographic and goals.
  • Integration is Everything. Your tactics shouldn’t exist in silos. Ensure a consistent message and seamless experience across all channels.

Why this matters: The best strategy in the world won’t work if it doesn’t reach your target audience. A carefully chosen mix maximises your impact and your budget.

Need expert guidance? That’s where Outsource Your Marketing comes in. We’re your team of experienced professionals, ready to help you navigate the complexities of creating a marketing strategy. From targeted PPC campaigns to a full website overhaul, we tailor solutions to your specific needs and goals.

Ready to unlock growth? Call the OYM team today on 01234 900203 for a personalized consultation. Let’s build a marketing mix that delivers results.


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