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There are several ways to control costs and increase conversions in a marketing plan. One way is to focus on targeting the right audience. This can be done by conducting market research to understand who your potential customers are and what they want. Another way is to optimize your marketing channels. This means using the most effective channels to reach your target audience. Additionally, you can use data analytics to track the performance of your marketing efforts and make necessary adjustments. Lastly, you can also consider automating some of your marketing tasks to save time and resources.
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For any strong marketing plan, execs should first assess their organization's current position in the marketplace. This competitive analysis slide compares your organization against two main competitors to evaluate performance across editable criteria like product line, location, and price point. Rated from 1 to 10, execs can score and plot themselves across relevant categories for an average score at the bottom. (Slide 3)
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Have your organization’s marketing efforts stalled out with overpriced ads and harder customer conversions? A strong marketing plan helps control cost...