Question

MIXTAPE SOCIAL: BUILDING BRANDS FOR ATHLETES AND COMPANIES - is advertising and marketing industry.

Discuss clear and concise issue(s)/problem(s) relevant to marketing strategy; be as specific as possible; sub-issues may be identified.

Answer 1

Issues or problems relevant to the marketing strategy.

1. What is a marketing strategy

Answer: An advertising methodology alludes to a business's general approach for arriving at forthcoming buyers and transforming them into clients of the items or administrations the business gives. It is a long haul, forward-looking methodology with the central objective of accomplishing an economical upper hand.

2. Issues or problems relevant to the marketing strategy.

Answer:

Problem 1: Inexperienced or Understaffed

Problem 2: New Marketing Trends

Problem 3: Interpreting marketing report data

Problem 4: Lack of Communication

Problem 5: Closing the Sales Loop

So, let’s discuss in detail,

* Inexperienced or Understaffed

As the showcasing field develops and turns out to be progressively mind-boggling, there is something else entirely to know, more to do, and more to follow. While you may begin with what resembles the ideal advertising group, gaps can start to show up where there is an absence of information or ability. These outcomes in below-average promoting procedures and horrible showing. Completely think about how conceivable it is that your group may need to see a few changes before significant advertising results can begin to show up.

* New Marketing Trends

As new patterns show up available, it tends to be hard for advertising supervisors to monitor the progressions and actualize them in their own procedures. While grasping these progressions would be to their advantage, staying aware of everything new in regards to online life, website architecture, UI, and significantly more can be very overpowering.

* Interpreting marketing report data

Some promoting directors do not have the information important to decipher showcasing report information. Without this data, they can't realize which advertising methodologies to pursue. This can diminish their ROI as they keep on using an excessive number of techniques, not knowing which one is performing best, or can radically harm their battle in the event that they are not utilizing the right procedures to their maximum capacity.

* Lack of Communication

While there is a twirl of things going on (web journals are posted, sites are refreshed and the showcasing technique advances) it is significant that all outcomes and happenings are conveyed to the remainder of the group. Showcasing administrators that don't have a working framework for gathering, sorting out, deciphering, and conveying their battle information to the remainder of the group are sick prepared to break down and improve their advertising technique. inadequately gathered information or absence of information can cause poor and awkward correspondence between promoting chiefs and their bosses

* Closing the Sales Loop

Investing the exertion without getting results can be one of the most debilitating things a promoting group will understand. You could have spread out a technique that is by all accounts functioning admirably, and your traffic and the lead tally has gone up, however, your client check won't move. Here are two potential zones where things are sneaking past.

3. Sub-issues of marketing strategy

Answer: * Don’t know how to explain the product or service you want to sell

* Not detecting your market portion

* Lack of commercial departments

* Invisibility of business

* Not having a proper marketing plan