FIRST FIVE MARKETING

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Talking strategyโ€ฆ

Coming up with strategic direction for your business (or indeed someone else's!) can be difficult. ๐Ÿ˜ฃ

We had a lot of DM's about yesterdays post, it seems it really helped to break strategic thinking down like this. ๐Ÿง 

As requested, another way to take a look at strategy is the ๐—ช๐—ต๐—ฎ๐˜/๐—ช๐—ต๐˜†/๐—›๐—ผ๐˜„ whilst using these 3 component parts...

๐—ง๐—ต๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ - What obstacle are you trying to overcome?
๐—ง๐—ต๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ - Why are consumers behaving that way?
๐—ง๐—ต๐—ฒ ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป - How do you present a solution in a scalable & commercial way?

An example from a sportswear brand might be...

๐—ฃ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ - Brand X is a category leader in running footwear, but increasingly big Corps are seen as reckless manufacturers who endanger the environment. โ™ป๏ธ

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ - Data shows that Gen Z are steadily switching to more sustainable products even if they're less cost effective, a standing accelerated largely due to the pandemic fuelling a renewed global community conscience - an opinion, more often than not, proudly shared within their social communities. ๐Ÿ“ฑ

๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป - As part of product campaign offer customers exclusive access to new footwear for exchanging old running shoes in store, create sharable social content as part of pick up to benefit from social media advocacy. ๐Ÿ‘