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Marketing leaders reported how their growth dollars were allocated among four key areas over the last year: market penetration, product/service development, market development, and diversification (shown in the Product-Market Growth Matrix below). Marketers spent on average 55.1% on diversification.
This type of pricing is straightforward and ensures you cover your costs, but it may not always align with the market's willingness to pay. If you're aiming for brand sponsorships or B2B services, research the common objectives and pain points of potential clients in your niche.
B2B buyers want more control over buying processes in a recession, and this market won’t feel the effects of a recession as quickly as B2C businesses would. These habits are ever-changing based on your customers’ preferences and needs (no matter if you’re B2B or B2C). Conducting marketresearch.
Business to Business (B2B) Business to Business (B2B) describes businesses that sell products or services to other businesses. Business to Consumer (B2C) Business to Consumer (B2C) describes businesses that sell products or services to consumers. They may be run on search engines, social media or on other websites.
A meaningful percentage of marketers, entrepreneurs, and executives are in what we like to call “The Brand Cult.” Have you ever met someone who’s been drafted into a cult? Did you know it’s possible to be in a cult and not know it? They’ve been taught the best (aka: “the most well known”) brand wins. […].
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