Step 1: Identify Your Competitors Understand the Types of Competitors First off, it’s essential to recognize the different types of competitors you might face. You’ve got direct competitors – those who offer similar products or services. Then there are indirect competitors who might not be in your exact market, but they solve the same problem […]
Step 1: Research Your Market Understanding Your Audience One of the first things I always do when crafting a business plan is to dig deep into understanding the target audience. Who are they? What do they want? What problems can I solve for them? I usually start by creating customer personas that encapsulate typical clients
Hey there! If you’re stepping into the marketing arena after honing your business mission, I’m excited to share my personal insights on the next big moves to make. Let’s dive into five essential steps that will set your marketing plan on the right track in 2025! Conduct Market Research Understanding Your Audience First off, you’ve
Step 1: Discover Your Niche Identify Your Passion Finding a niche is like discovering a hidden treasure. For me, it started with my love for fashion and knowing what makes me excited. Taking a close look at what I enjoy can help me hone in on a specific area—be it sustainable fashion, plus-size clothing, or
Step 1: Identify Your Niche Understanding the Market When I first considered starting an online jewelry business, diving deep into market research was my first move. I dug into trends, consumer behavior, and what other jewelry brands were doing. It felt crucial to figure out where I could fit in amidst the saturation of the