Optimum Click Ltd.’s Post

"What makes good marketing?" Daniel Erdei and Miklós Molnár discussed this topic. Although this video is too short to cover everything, Daniel's experience shows that most businesses don't have a plan and lack strategy. Usually, there are multiple reasons, but the lack of planning and strategy is a clear sign that many other elements are missing. It's very rare that businesses don't have a marketing strategy while everything else is well documented, managed properly, and researched adequately. Other common issues are: - Poor Market Research - No real market need for the product/service - Misunderstanding target customers - Not enough market size - Overestimating initial sales - Lack of clear business model - No unique value proposition - Underestimating competitors - Not understanding customer acquisition costs - Market changes Marketing strategy alone won't fix everything, but it's a key piece in the puzzle to keep your business functioning.

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