Incorporating Competitor Analysis in Your MSP Marketing Strategy
MSP marketing can be costly, but you can see the necessary ROI you need to justify both it and your business. You should, in fact, expect to see a certain level of upsells, conversions, and lead generations. How much you see will depend on how carefully you cultivate your strategy. Factors to consider include the following:
Knowing the Market Intimately
What kind of market share are your competitors working with? Figuring this out means figuring out what the overall market share of your locality is, how many competitors there are, where the overlap is, and what opportunities you’ve really got at your behest.
When it comes to MSP marketing, you have to be advised pertaining to whether high or low-cost providers represent competitors, or some combination of both. You’ll need to know the pain points of your niche audience and how you can best address them. Additionally, figure out how competitors are pricing things, distributing services or products, and what distinguishes them from other competitors.
Determining Competitor Selling Techniques
Your competitors will have a sales process. This will result in sales at a certain level, which you may want to attain to depending on your MSP’s size. You can look at their turnover year-to-year and month-to-month to likewise inform your objectives. You’ll also want to see whether they have a competitive advantage, and what that is. Know how they discount things, as well, so you can compete.
Figuring Out the Sort of Marketing Competitors Employ
What kind of marketing are they bringing to the table? Are they using blogs? Do their blogs have infographics, text, animation, or video elements? Are their online materials available across multiple diverse platforms? Do they provide data to buyers? Figure out what competitors are providing prospects in terms of marketing.
Enhanced Marketing Strategy
Your MSP marketing is effective when your departments seek to know the market intimately, understand competitor techniques in terms of sales and marketing, and apply lessons learned to operations going forward.