Setting the right prices for your audience and revenue goals is important when taking a product to market. The following questions will help you clarify your pricing model. To develop your pricing model, consider: What is the value you're offering to your target customers?Are there existing...
Have you heard? Phil Mickelson has sold his soul. Thatâs the news coming out of the usually relatively restrained sports section of the IndyStar, in the aftermath of the top PGA star and 16 of his colleagues choosing to participate in a non-PGA tournament. Never heard...
Choosing the correct channels can help your organization expand its offerings reach and revenue. You might include your retail store, Internet, a customer service call center, face-to-face salesperson, a trade show, a seminar, or a direct partner. Having a strong foundation in your channels can...
Understanding your productâs key features and benefits is the first step in defining your productâs unique value proposition. You must understand exactly how your product connects with your customers: the context of their use, the solutions it solves, and the benefits they derive. Here are some...
I donât need to tell you about the many incredible things Elon Musk has already accomplished. Tesla, SpaceX, STARLINK, and The Boring Company - are all groundbreaking brands, each is operating at the frontier of possibility. Now Elonâs buying Twitter with the stated goal of making the site a more trustworthy, functioning...
Obviously, thereâs a lot happening in the crypto community right now. Events are developing very rapidly, highlighting many conversations individuals and organizations need to have about the role crypto plays in their finances. Thatâs what we were talking about last week. At that time, our team was...
I was having a conversation with my good friend and colleague Marcus Thornton, Chief Marketing Officer of Scheels, about the challenges Netflix is facing. So itâs fair to say Netflix is not having the best time ever right now. Instead of achieving 2 million more...
Management guru Peter Drucker reminds us, âThe purpose of business is to create a customer.â The driving force behind this step is developing customer intelligence. You want to become masterful at generating actionable consumer insights through web surveys, focus groups, one-on-one in-depth interviews, in-store interactions, and more. Hereâs...
Every company wants to be in a position where its customers love and trust them. That's where profits are high and loyalty is strong - critical considerations for the long-term health of the business. But sometimes, companies make choices that diminish the relationship they have with...
No product is appropriate for every market. Clarifying your ideal target markets is a vital element in formulating your Branding strategy. Factors might include demographics, psychographics, ethnographics, drivers of need, buyer personas, online/offline, and geography. Remember you canât profitably pursue every market so you want to determine...