How To Implement A Winning Marketing Strategy To Your Advantage!

A Marketing strategy is crucial if you want to really succeed in your marketing. Amongst its advantages are:

1. Helping you to focus your marketing attention.

2. Better complete utilization of resources

3. Helps in increasing sales; and

4. A powerful resource of winning over your competitors.

Every company applies some kind of marketing strategies to maintain existing customers, attract potential customers and also to maintain and enhance their reputation in the market.

When designing a marketing plan, first a marketing strategy is taken into consideration. The marketing plan consists of steps to be taken so as to attain success in the implementation of the marketing strategy chosen. Big projects involve selection of different strategies at different levels. Usually a strategy consists of well-sketched tactics. They are meant to meet the needs and finally reach marketing objectives.

Each of the strategies has pre-calculated results because when a particular strategy is chosen at a particular level, its outcome becomes the goal of that particular level. If there is an absence of a well thought out strategy in a marketing plan it means it is supposedly lacking a good foundation. A reasonable marketing strategy should not only facilitate marketing goals, but also the action sequence of a campaign.

At regular time intervals the firm should analyze the marketing decision. This is done with the help of strategic models. The 3C’s model is usaully considered for this purpose. The 3C’s model determines the factors, which leads to the success of a marketing campaign.

There are three key parties involved in this model. These are:

>>> The corporation

>>> The customer; and

>>> The competitors.

The involvement of all the three key parties leads to positive results and this involvement is known as the 3C’s or strategic triangle.

The role of the corporation is to increase the strength of the company in the success critical areas, when compared to that of the competitor. The customer and his interest form the basis of any strategy. The competitor also plays a vital part. The competitor-based strategies are based on the functioning of business competitors like design and engineering, sales and servicing, and purchasing.

When making a marketing plan some particular strategies known as mix strategies are used. 4P’s model is used to calculate whether the plan is sticking to the strategies or not.

The four Ps stand for product, price, place and promotion. Products are goods produced by the company on a huge scale for the purpose of selling them and earning profit. Price is the money paid for a product by the customer. The price is based on many factors like competition, market share, customer perception and product identity. Place where the product is sold can be either physical store or store on the Internet. It is also known as distribution channel. To make the customer knowledgeable about a product, the marketer does promotion. It involves advertising, public relation and point of sale.

There are different types of marketing strategies based on some criteria. Some of the common marketing strategies are:

1. Market dominance strategies – Market dominance strategies are used to dominate the market. Examples of these are Challenger, Leader and Follower.

2. Porter generic strategies – Porter generic strategies are built on strategic strength or competing abilities and strategic scope or market penetration. Cost leadership, Market segmentation and Product differentiation are types of porter generic strategies.

3. Innovation strategies – Innovation strategies are meant to trigger the rate of product development and model innovation. It helps you as a business to incorporate latest technologies. Close followers, late follower and Pioneers are types of innovation strategies.

4. Growth strategies – Growth strategies facilitate the growth of the organization. Intensification, Diversification, Vertical integration and Horizontal integration are types of growth strategies.

5. Marketing warfare strategies are conjunction of marketing strategies and military strategies.

A marketing strategy or a mix of them is chosen only after thorough market research. A marketer should always be ready to face any kind of situations like if the strategy is changed in the middle, he should be able to perform another market research so as to choose the proper strategy, within a short period of time. This can be done easily if you have the experience.

Affiliate Marketing – Product Promotion

After selecting a product/service to promote, the next big challenge is to find people interested in that product/service. There are several methods you can use to market your product online.

Create a Website

You can promote your product by creating a webpage for it that you will optimize for the search engines and promote using different internet marketing methods, such as article marketing, social media marketing, and paid advertisements. Page optimization involves describing your product in at least 400 words and using “keywords.” Keywords are words that people use to find the product you are selling, and they can be found with the help of tools, such as Google AdWords: Keyword Tool and Wordtracker. The primary keyword should appear in the title of your article and a few times in the article body.

Article Marketing

Article marketing is mainly done through article directories. The idea is to inform the readers about the usefulness of the product and encourage them to follow the link provided to purchase or learn more about it. The inclusion of keywords in the article (title and body) is also important to enable people to find your article. You do not have to write a separate article for each directory. When submitting the article, you should carefully select the category, sub-category (if applicable), and keywords.

Video Marketing

Creating videos about your product can also help you find buyers. Google, the leading search engine, directly indexes videos, so your video can show up in the search results besides the text results. In the video, you should inform the viewer about the product and how they can get. You can provide your affiliate link in the video description and ask the viewers through the video to click that link to get the product. A good way of saving time when creating videos is to simply narrate the points mentioned in the article submitted to the article directory.

Slide Sharing

Slide sharing is a simple affiliate marketing technique. All you have to do is present the article you have written for article directory submission in the form of slides. You can use a tool like MS Power Point to create the slides. Slideshare.net is a site where you can upload you slides for free.

Social Media Marketing

Social media is widely used for product promotion these days. Promotion on sites such as Twitter and Plurk can bring traffic to your target site. Social bookmarking sites, such as Digg, Delcicious, and Diigo, can also be used for promotions.

Paid Advertising

Paid advertising in the form of pay-per-click advertising is used by many affiliates for internet marketing. All of the top search engines display per-per-click ads. Google AdWords is the most popular pay-per-click program. It allows you to bid on ad positions related to a keyword and make your ads appear in specific regions, if you like. Paid advertising enables you to display your site besides the top search results, without promoting it through other means or search engine optimizing it.

Finding Affiliate Marketing Products – Five Factors to Keep in Mind

First, Decide What Type Of Hot Selling Products You Want To Promote:

This is the most important step of the process. Informative how to ebooks have always been hot sellers, and software products that make advertising easier is even hotter. But marketing systems that train people how to market are just now becoming the hottest thing in online marketing. There are thousands of products to choose from on the Internet. Just be wise in your decision making.

Second, Do The Research On The Products You Want To Promote:

See if you can find out how long this product has been on the market and how well it is doing in sales. Check to see if you can contact the owners of the products. Go to their websites and look for contact information like email addresses, phone numbers, or a place to submit support tickets. If there is nothing for you to contact them by to get more information then find another product. But, if there is contact info ask a general question and see if you get a timely response or a response at all. If you get no response at all then find another product. If a response is given then move on to factor number three.

Third, Find Out What You Are Paid In Commissions Before You Start Selling:

Keep in mind that as an affiliate you are given either a flat commission or a percentage of the sales price. Try to find products that sell for at least $50 or pay at least 30% of the sales price. You don’t want to promote a product that sells for $15 and pays 30% in commissions. A product that sells for $50 usually pays at least 30% in commissions. If they’re Click Bank products, make sure the 30% is the net commission not the gross commission you’ll receive. Click Bank has a formula for figuring out the commission. You can find out more information on that in Click Bank’s FAQ section. Most products at Clink Bank pay between 30-75% in commissions.

Fourth, Try To Find Products That Have Marketing Materials For You To Use:

Some products give these to you when you login to your affiliate login in page, others suggest you use some of the text on their sales page, or you can make your own. But try to find products that have sales ads, banners, classified ads. If your ads are from the affiliate product make sure you change some to the wording so your ads stand out from others who are promoting the same products.

Fifth, Find Products That Give You Proven Methods To Advertise Your Products:

It’s fine if you can find products that fit the first four factors in finding affiliate products to promote, but what good is finding them if you do not know where to promote them? You have to have proven methods that will bring targeted traffic to your website. Ask the owner of the products what he/she suggests as the best advertising method. Find out what others are using to market their products.

So, you find products that are hot sellers, find out if you can contact the owner, find out what you’re paid in commission before you start promoting, find out if they have marketing materials, and find out if they give you the names of places to advertise the products. Now if you can find three products of good quality as described above you could make really good money online over time. Finding affiliate marketing products to promote does take some research but is well worth the trouble.