SEC-S20W5 | My Business Ideas | Advanced Marketing Strategies

_{Hello Everyone
This is @max-pro from, #Bangladesh}

Assalamu Alaikum friends. Hope you all are well. By the grace of Allah I am also well. Today I came to participate in the wonderful engagement contest hosted by @dove11. This week's topic is SEC-S20W5 | My Business Ideas | Advanced Marketing Strategies. So I will discuss this wonderful topic in detail and present it to you. So let's get started, stay with me.

Are you innovative? Innovative entrepreneurs regularly add new products according to the needs of their customers and find new markets.

Yes, I think entrepreneurs should be innovative because they come up with new ideas, products or services that bring change and development to society. Innovative entrepreneurs are not only successful on their own, but they also bring massive positive change to society and the economy.

Pixabay

The question sentence provides a general description of the work of innovative entrepreneurs and their business strategy. Innovative entrepreneurs primarily focus on innovation and continuous change. They work in different ways to meet the needs of their customers.

• Entrepreneurs regularly introduce new products or services to meet the changing needs of customers. Through this process they can attract customers through continuous innovation.

• Entrepreneurs look for new markets to expand their businesses. This allows them to reach out to different regions or populations, which increases their sales opportunities and increases business profits.

Are you adopting or imitating other business ideas? Businesses in this category try to add their strategies to the existing market trends and implement them successfully.

Source

I think about adopting or imitating other business ideas. This means I choose ideas that have already been successful or are in line with current market needs. These businesses usually analyze existing trends and customer behavior to adapt their strategies according to the respective market needs.

Successful implementation means that they are able to implement their strategies correctly. As a result they are entering new markets, increasing profitability or meeting the needs of an existing customer base. Hence this process involves analyzing competitors' strengths and weaknesses, adopting innovative approaches and adapting to market variability.

Do you have in-depth knowledge of your target customers and offer them something of value? More importantly, do you offer your services at the right time, in the right places, and in the right way to grow your business?

Yes I have deep knowledge of target customers and offer them something of value. I need to make sure I have a deep understanding of my target customers' needs, problems and what would be of value to them.

Right Time : My service or product should be offered at a time when customers are ready for it. It depends on the season, industry trends or customers' own decision making time. For example, how do I present my offer at the right time?

Right Place : How and where I offer my services is also important. I need to be present on the platforms or places where my customers are present. But be it online or offline. The code will specify how I promote my advertisement or promotion in the right channel.

The Right Way : The way to communicate with customers should be one that they can relate to. Choosing the right marketing language, medium and presentation method. I need to give examples where I present my services in a way that is relevant to my customers.

Do you analyze your potential customers and act accordingly? A successful businessman should keep a close eye on the demand and act accordingly with a changed strategy.

Source

This statement is a very important business principle. The first condition to be a successful trader is to keep a keen eye on the needs of potential customers and the changing market conditions. The first step is to understand the customers well and focus on their needs. For this you need to work based on market research, analysis of buyer behavior, understanding competitors' strategies etc.

I think market and customer needs change with time. That is why a trader needs to make strategic changes according to a specific plan so that he can survive and succeed in the market. So come up with new products or services and always offer quality solutions to customer.

A successful businessperson's job is not only to meet current needs but also to anticipate future needs. That's why you need to be aware of trends or future trends and prepare yourself according to customer expectations. So to be successful in business it is very important not only to sell products but also to understand customer sentiments, solve their problems and move forward strategically. So I have answered all the above questions from my point of view. Hope you all like it.

So I am Inviting my lovely Steemian friends @patjewell, @stef1, @solaymann to Participate in this Competition.