How to know my business and customers

Before jumping on the Digital Marketing bandwagon, are you well prepared? Are you ready to kick off your marketing plan for the brand new year? Ask this. Do I know my business and customers well?

If you know both yourself and your enemy, you can win a hundred battles without a single loss.
Sun Tzu

The strategic marketing approach focused on creating and distributing valuable, relevant and consistent content. Your strategies are more important than technological tools. Begin with the analysis stage will lead you to two quality points. Know where my business is and where you are heading.

Know Your Business : SWOT Analysis

Based on the analytics, you identify your strengths and your primary business problems. Then imagine where your business is five years from now. Last but not least, analyse your competitors and future market.

Airbnb gives tourists another accommodation option during the holidays. The service also helps homeowners to earn extra income. Hotels felt it is a major threat to their business. However, it proves otherwise today.

Customer Analysis

Next, you identify your audience demographics based on geographic location, age, gender and interests. Take a good look at your customer database. The data speaks for itself.

As a tour consultant, I clearly know which customers have strong interests in cruise trips and exotic tours. I could identify which ones are students, newlyweds, business owners, professionals etc.

Keeping a close relationship with your customers enables you to identify your customer’s pain points. Then tailor your content with offerings to solve those pain points. This would eventually drive profitable customer action.