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Entrepreneurship

Marketing Communication for the New Venture

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Marketing Communication for the New Venture

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Paid advertising would be an effective approach in communicating and connecting with the customer segment regarding the venture. Digital tools could be used in carrying out the paid advertisement. The digital approaches would be helpful in creating custom market segments that are precise as well as will enable identify customer preferences through tracking their online behaviors. Additionally, digital channels boost customer engagement and undertaking a cost-effective test campaign. Display ads would be the digital approach applied for marketing communications.  These display advertisements will be placed on the top as well as on the sides of several websites offering diverse content. Through the display ads, consumers will develop a subtle message regarding the venture gradually within their minds.

Initial prospecting of the display ads will be carried out with the purpose of attracting masses to the venture. It will involve filling the business’s data pools, which will allow for enhanced marketing efforts in the future. Since the venture anticipates the audience and consumers to constantly keep changing, the display ads campaigns do not create assumptions during the prospecting phase. Also, data targeting will be applied in creating the display ads. Through data targeting, first, as well as third party data is used in getting to a unique narrowly-specified audience that is more likely to engage with the advertisement. One of the audience segments that could be targeted is one that is similar to the business’s offline media. Additionally, strategically retargeting the display ads would be an effective tactic to get to the audience. The retargeting will be achieved by tracking the visitors who visit the landing page and differentiating them from the ones who have completed a requested action. Such a strategy will assist in getting to the visitors who skipped submitting the form.

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