What Is Your Best Market Opportunity?
The world is full of opportunity! The challenge
is discovering current and future market needs which aren’t already being met.
If someone else is already meeting the need, then how are you different? Can
you do it faster, better, or cheaper? If not, we’ll explore better
opportunities or discuss how you can differentiate yourself to compete.
What Do You Know About the Opportunity?
You have a great idea, and that’s a
great place to start! Now, it’s time to be honest about what you know about the
market and opportunity. This is your situational analysis, and it’s a lot of work.
During this phase, we dig into market research and explore all of the things
which impact your potential success. We look at your company structure and
capabilities, your potential collaborators, your potential customers, your
competition, and the context – or the world – in which you’ll need to do
business. The context includes political, legal, social and economic factors
which can impact how you do business.
What Does It All Mean?
Once we’ve uncovered the necessary
information, we conduct careful analysis. It’s a lot like putting together a
jigsaw puzzle. There’s a lot of data laying in front of us. We figure out how
to piece it together to create a logical picture and make sound business
decisions.
Where Do You Go From Here?
This is the fun part! Once you have a
clear picture of the best market opportunity, we develop a strategic plan. This
plan becomes your roadmap to success. In the plan, we clearly define the
following:
·
Vision and Mission
·
Situational Analysis
·
Market Segmentation
·
Objectives and Goals
·
Positioning
·
Business Model Strategy
·
Product or Service Offers
·
Price Strategy
·
Place Strategy (how your
offer goes to market)
·
Promotional Strategy
·
Key Risk Factors and Control
Plan
·
Budget and Forecast
·
Success Metrics
How Do You Get It Done?
Implementing your plan is hard work. I’ll
work with you to ensure you have the business processes, organization and key
contacts necessary to successfully implement you plan.
If you have more questions about what we
do, or just want to bounce some marketing questions off from me, visit www.marketingflexibility.com or
email me at kris@marketingflexibility.com.
No comments:
Post a Comment