Before you start creating your strategies for growth, it’s important to know where your business stands in the local market. Do you even have room to grow? Have you saturated the market? Understanding your coverage locally will help you make informed decisions and data-driven business plans. Understanding Your Coverage: MicroMarket Analysis A MicroMarket analysis… Read more »
Even if you are receiving a strong response rate from your campaigns, you could be wasting precious marketing budget on unresponsive zones. These are areas you have been consistently targeting and have had zero response over the last few marketing cycles. If you are not analyzing campaign results by geography, they can be easily overlooked…. Read more »
Marketing campaign results are affected by many different factors from audience demographics to advertisement design, call to actions, and even geography. Whether its unique geographic features, demographic factors, economic differences, or seasonal influences, geography plays a key role in understanding your market and how best to reach the consumers within your territory. By studying geographic… Read more »
As you grow your business, it’s important to know what your market penetration is and how much potential there is for growth in your target area. Have you saturated the market or do you have room to reach more customers? It’s also critical to know the effectiveness of your current marketing. Are you marketing to… Read more »
In statistics class, students learn how to calculate values and to build statistical models. What they don’t teach you in class is how to transpose variables into extremely meaningful insights. If you want to take mediocre data and build out awesome client solutions, you need to learn to be creative. Data points by themselves may… Read more »
