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What is the importance of marketing strategy?

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Adobe Certified , Microsoft Certified Trainer with 9 years of experience

Marketing is one of the most important aspects of a business yet is often underestimated, especially within the startup world. Most startups are tight on resources and often want to get straight to selling. Although an understandably standard action, it can waste significant amounts of time and money. Most...
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Marketing is one of the most important aspects of a business yet is often underestimated, especially within the startup world. Most startups are tight on resources and often want to get straight to selling. Although an understandably standard action, it can waste significant amounts of time and money.

Most sales staff face the burdens of bringing in leads and converting them. However, having the right tools and support can significantly increase their chances of closing a deal. As important as a sales team is to an organization, a well-versed marketing expert can effectively impact a business in several ways.

Although marketing may not close deals directly, when done right, it is the most powerful tool a brand can use to present its image and engage with consumers. This leads to supporting the sales team by bringing in qualified leads and helping close deals.

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Knowing your target customer is the single most important job of any marketer, and it's a job that never ends. While it's something you should work on every day of the year, it's critical to document what you've learned about your customer over the course of the year.
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Professional with 30 years experience in Well Known Corporates and Top Education Institutes.

The Marketing strategy helps you stay in sync with your customer base, develop the right products for them and determine how you communicate information about those products. Without a defined strategy you won't know who your customers are, you won't develop the right products, and you'll waste money...
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 The Marketing strategy helps you stay in sync with your customer base, develop the right products for them and determine how you communicate information about those products. Without a defined strategy you won't know who your customers are, you won't develop the right products, and you'll waste money promoting them.

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Learn from 15+ yrs of Film & Media Professional, Mumbai

A well-defined marketing strategy is crucial for guiding businesses in achieving their goals by outlining clear objectives, target audiences, and effective approaches to promote products or services.
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