Wants Based vs. Needs Based Marketing Plans
Did you know that digital marketing strategies differ between industries? While many industries may use similar platforms, it’s crucial to determine whether your business is wants-based or needs-based before diving in. Ask yourself, “Are my products or services based on wants or needs?” For example, selling furniture, desserts, or clothing falls into the wants-based category, while services like roofing, plumbing, or auto repair are classified as needs-based. Understanding your business type is essential for developing an effective marketing plan.
Wants-Based Businesses
For wants-based businesses, effective marketing tactics include social media, email targeting, and text message targeting. These approaches yield the best results when coupled with the right creative content, timing, and audience targeting. Investing time in research and planning will significantly enhance your company’s marketing strategy.
Needs-Based Businesses
If you operate a needs-based business, your customers are likely already searching for your services on Google. Your goal is simply to be present in relevant searches. There are several effective methods to achieve this:
1. Search Engine Optimization (SEO): Ensure that your website is well-organized and displays all the services and products you offer.
2. Google Ads: Utilize Google Ads to elevate your online presence and outpace your competitors.
3. Directories: Verify that your contact information and operational hours are accurate online. It’s also essential to claim your business online to establish ownership.
Regardless of whether your business is wants-based or needs-based, incorporating elements of creativity, branding, and direct marketing can be beneficial. Aim for visibility across multiple platforms, but prioritize the platforms that are most appropriate for your industry.
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