Marketing is a tricky business. Even when you have had a whole marketing department and company executives review an advertising campaign, there might still be something missed, and customers may still end up offended by it. On the flip side, if you don’t do enough of the right type of marketing, then your customers won’t remember your brand or feel a lasting loyalty to the company. There are so many mistakes to be made, but you can avoid them if you have the right tools.
Get tips from machine learning
Machine learning is a computer’s ability to research and analyze data about your customers, how they interact with your business, and what they do and don’t like that you are doing. The computer can do this in real time, meaning you can change your campaign on the fly if it isn’t getting a very good response. On top of that, working with a machine learning startup will also give your company many recommendations on what types of content your customers want to see and what type of voice they will respond to the best. It’s very helpful and will help avoid many marketing mistakes.
Individualization is key
One of the best ways to avoid problems with marketing is to focus more on individualization instead of mass marketing. People respond better when you call them out by name instead of just yelling an order number or when you market to them in a way that is personal to their situation. A young mother is more likely to respond to an ad about motherhood than a college student. By marketing to each individual and their situation separately, another thing that can be easily done with the help of machine learning, you’ll avoid many marketing mistakes.
Building loyalty with current customers
Many businesses make the mistake of focusing solely on finding new customers and avoid any kind of relationship building with current customers. There are many reasons why this is a bad idea. First, it costs six to seven times as much money to get a new customer than it does to retain a current one, and a current customer is also much more likely to make a purchase than a new one. Someone who already knows and loves your product will stay forever and keep using it as long as you keep the relationship strong.
The other thing to consider is that word of mouth marketing is the best kind there is. So, even for products people only purchase once in a while like a house, mattress, or couch, having a good relationship with them is a good idea. Yes, they will come back to you the next time they want to make a purchase, but more importantly, they will give recommendations to their friends. Do not make the mistake of focusing only on new customers instead of current ones.
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