Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,670,019 members, 6,276,855 topics. Date: Thursday, 06 May 2021 at 04:47 PM

Emmapsky's Posts

Nairaland Forum / Emmapsky's Profile / Emmapsky's Posts

(1) (of 1 pages)

Business / What Is Marketing Goals And Setting The SMART Standards For Businesses? by emmapsky: 2:40am On Mar 03
In marketing communications, and market targeting can be a double-edged sword. On the one hand, continually raising goals can encourage the business to maintain growth in the long run.

But on the other hand, setting goals can also cause businesses to put the company's interests above the needs of customers.
So what are the marketing goals and how to set the right goals for SMART standards?

>>>>> Do you want to setup the right marketing goals for your business, contact <a href='https://www.elvisdigital.com'>
Elvis Digital, the best digital marketing agency in Lagos.</a>

What is a marketing goal?

Marketing goals are goals that a business wants to achieve in a certain period of time.
Often, marketing goals are goals that businesses set when promoting their products or services to potential consumers to achieve within a certain time frame.

In other words, the marketing goal is the marketing strategy in place to achieve the overall goal of the organization.
A company's marketing goals for a particular product can include increasing consumer product awareness, providing information about product features, and reducing consumer resistance to buy product or services.

Marketing goal, Setting up SMART standards goals.

Understanding the concept of a marketing goal, as I've talked about previously that Marketing goals are the goals a business wants to achieve in a certain period of time.

However, setting marketing goals isn't just limited to defining what the business wants to achieve.
But company management also needs to determine how its goals will be achieved and why your company wants to achieve them.

>>> You may be interested in: <a href='https://www.elvisdigital.com/what-is-seo-in-nigeria'>Full In-depth Guide To SEO In Nigeria</a>

Some popular marketing goals:

Increase Business Sales.

One of the most important goals for For-profit marketing organizations is to drive business growth and increase sales.

Marketing needs a good return on investment - meaning that the increase in sales will significantly outweigh the cost of marketing - of course, the business should specify these metrics.
It is often difficult for a business to just set a target of increasing sales by a certain percentage.
Therefore, the more specific the goal, the better.

Raising product awareness

The next marketing goal a business should consider is to raise customer's awareness of a product that has been in the market for a long time or to promote it to as many customers in the segment. Potentials know the better.

Establish a brand's position in the industry

A new organization would be difficult to get notice, esspecially if there are in a crowded market industry.

One of the examples of a new organizations with little public awareness might want to acheive is:

To be one of the top three brands in the industry, trusted by consumers.

To achieve this goal, businesses can run ads to potential customers and make them frequently visit your site.

>>> See more on: <a href='https://www.elvisdigital.com/social-media-marketing-nigeria'>All You Need To Know About Social Media Marketing In Nigeria</a>

Setting goals up for SMART standards, what it means.

SMART goals are realistic, quantifiable, and focused goals that the business can easily target.

If you're wondering what SMART Goal means?
it's an acronym that helps you define your business's goals with these characters:

In terms of marketing, a business should choose specific metrics that it wants to improve, like visitors, leads, or customers. Staff should also identify the categories each team member will work on, the resources they will have, and their action plan.

Measurable : Measurable,
If a business wants to evaluate employee progress, quantifying goals is a must, such as achieving X percent growth in visitors, leads, or customers.

Attainable - simply means - Can be achieved.
If your blog traffic increased by 5% last month, try to increase it to 8-10% this month, not lower. Based on analytical goals to set out goals is extremely important, businesses must completely consider this reason.

Relevant: - Related.
Your business goals should be related to current trends in the industry.

For example, did the company decide to run ads on Facebook to generate leads for more revenue?

Or can the business really significantly increase its organic reach on Facebook after many social media has increased it's cost of advertising?

If you are aware of these factors, you will be more likely to set realistic, achievable, and beneficial goals for the company.

Time - Limited time.

Sticking deadlines into goals and put more pressure on the team or employees to fulfill them, this helps the business to make consistent and significant long-term progress. If the business doesn't set a deadline, it will take too long to achieve long-term success.

Companies and Businesses needs to have a clear vision of what it is they want to achieve during settin up goals.
Without a clear vision, the business might suffer or fail.

(1) (of 1 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 44
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.