Displaying items by tag: market research
Every small business dreams of achieving stronger profit margins, but it’s not always easy to turn that dream into a reality. Most business owners may struggle to know where to start or how they can begin improving their bottom line. If you’re really serious about achieving stronger results for your brand, then it’s time to enlist the help of a brand research agency in Denver.
Running a business can often feel like you’re sailing a boat: everything has to line up just right. You need the right equipment, an efficient sail, a sturdy design, tranquil waters, clear skies, and a breeze at your back. If all the elements line up perfectly, then it’s smooth sailing to your destination. And even if just one thing fails to line up, your boat won’t go anywhere. It’s the same situation for your small business. If even just one piece of your business is out of alignment, you can struggle to retain customers or make sales. It can be incredibly difficult to pinpoint the issue that’s impacting your brand. Through effective Denver market research, you can identify the problem in your business model and adjust it for a smoother sailing business.
In the great state of Colorado, there are currently over 560,000 small businesses. Each day that number increases a little more with the establishment of new small businesses. More businesses mean more competitive markets. If you hope to succeed amid steep competition, your business needs to specialize and hone in on a specific niche. That’s often easier said than done. The perfect niche can be elusive and many struggle to find the right niche for their specialty. You can simplify this process by working with a leading market research agency. When you let the pros conduct your market research in Denver, you’ll get the key insights you need to support your business success for years to come.
If you want to know what the next generation of marketers are thinking, go to their college and take their questions. On Wednesday, January 18th, that’s what I did when I participated in a panel of market research and analytics experts for the University of Denver.
A lot of today’s marketing is focused on millennials (which is what most of us at FiG are considered), which makes total sense, as our generation is in its prime for consumerism. There are almost 90 million millennials and they account for nearly $1.3 trillion dollars in yearly retail spending.
Denver marketing agency FiG Advertising is happy to announce we will be working with Active Rx on a marketing audit and plan.
Fight to Win Promotions is a Colorado and Texas based Mixed Martial Arts fight promoter. They felt that they provided a top tier experience to a dedicated audience that would provide potential sponsors a significant advertising opportunity. Like many local and regional fight promoters they had some fan clothing vendors and the occasional bar sponsoring their events but felt they could do better.
There are many ways to promote your business. Advertising is one of the most efficient ways, but only if you choose the right avenue; otherwise you will find yourself burning money fast. Which media should you choose for Advertising? That's the million dollar question! Here's how to choose where to advertise:
Last time, we discussed how to find your niche. This time we'll discuss how to keep your niche from rivals. Once you discover your business niche, in this quickly developing competitive environment, you have to protect it.