Category: Business

Brand Vs Business Model

You may be asking yourself why a book about digital marketing strategy has a chapter about business models and brands. There’s a good reason for that. You can’t really begin to determine your content marketing strategy until you determine how your company generates revenue and retains loyal customers. After you understand that, you’ll know what your customers find valuable in terms of products and content. You’ll be able to deliver the kind of content that keeps your customers engaged and buying. 

Oddly enough, some companies don’t really understand the business they’re in. That may sound counterintuitive, but it’s true. Your company could be one of them. Many managers fully understand what their product does, but not what “job” (or jobs) it does for their customers. If you don’t know what job your customers are hiring your product to do, you won’t fully understand what your customers want.

Let’s start by defining two important concepts: business model and brand. After looking at the meaning of each of these concepts, you’ll find it easier to effectively address each one. 

  1. Your business model: Your business model describes how you make money. This concept is inward-facing, meaning that you look inside your company to see what drives your revenue. You consider operations, suppliers, and all the things that go into delivering a sound product.
  2. Your brand: Your brand is what your company means to your customers. Regardless of how you make your money, your brand is defined by the connections it makes in the minds of your customers. You take into account things like customer data, retention, and buying habits to determine what your brand stands for. You can declare what your brand means to your customers, but you can’t make them believe it. They tell you. On social media, this message is amplified a hundred-fold.

Looking to explore this further. Give us a call for a free consultation and we will help you along the way.

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The Digital Express

The growth and evolution of technology has been of monumental proportions in the past century. From mechanical typewriters to face detection software that lets you select your favorite Snap Chat filter (‘flower crown’ anyone?), it is undisputable that humankind deserves more than a pat on the back.  The World Wide Web, one of the pinnacles of technological development, revolutionized the digital age and opened doors that vastly transformed our lifestyle from entertainment, education and business.

The growth and evolution of technology has been of monumental proportions in the past century. From mechanical typewriters to face detection software that lets you select your favorite TikTok filter (‘flower crown’ anyone?), it is undisputable that humankind deserves more than a pat on the back. The World Wide Web, one of the pinnacles of technological development, revolutionized the digital age and opened doors that vastly transformed our lifestyle from entertainment, education and business.

Kenya has shown promising prospects of growing internet penetration with a penetration rate of 42% as of January 2022 (Source: https://bit.ly/3sHvM97 ). That’s a pool of over 23.35 million users online! With the advent of faster internet speeds brought on by 5G (Source: https://bit.ly/3G7oMYV ), this number is bound to keep climbing. Any business that’s hungry to acquire more customers will realize that this is a profitable opportunity to pounce on. Digital marketing is the new ‘black’, and if you haven’t wholly embraced it yet, you may need to rethink your firm’s marketing approach.

Search Engine Optimization, Social Media Marketing and Email Marketing are just some of the techniques that can increase awareness of a firm’s product offering, enhance consumer interaction and boost a company’s brand visibility. Interactive tweets, informative e-newsletters or crisp pictures accompanying your Instagram captions; are attractive to potential customers and will certainly garner a memorable impression.

The digital marketing cosmos is ever-changing with innovative applications and software updates being released thick and fast, a flexible strategy is necessary to ensure your firm is abreast with the latest online marketing tactics.  The ability to generate accurate results of marketing campaigns and to measure customer engagement are just some of the perks of online marketing. Plus, it’s economical for firms; as digital marketing typically costs less than traditional forms of advertising. It is possible to reach a wider audience and not have to burst your firm’s marketing budget on advertising. That means more dinero at your disposal for sprucing up your office or buying extra workplace supplies (or even just throwing epic office parties).

Don’t get left behind. Disembark from the old-fashioned advertising steam engine and board the shiny speed train of digital marketing.

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