Yes, timing has its own importance while performing any stage of marketing. Because the market is evolving per second and there are different trends listing every now and then. A digital marketer or a simple traditional strategic marketer needs maintenance of their awareness in the modern market around.
Marketers always need to stay up-to-date and ensure they never miss the chance of promoting their products or services. To grab the attention of the world every marketer needs to be cautious of live trends and act accordingly. The marketer who understands the changing market and successfully achieves the target then he/she is a smart strategic planner and marketer. So, make sure you maintain your awareness. Keep up-to-date with what´s evolving in the commercial centre to maximise your success.
Maximise the success of your product
A decent product may not succeed whenever presented too soon or too late. Naturally, a decent marketing strategy idea can fail when it comes up too soon or too late.
An opportunity to present an item, service, or marketing strategy, ought to be affected by:
- The necessities and receptivity of the expected clients.
- The degree of rivalry (it is simpler to present an item when the request is high and supply is low).
- How “topical” the item or service is. In the event that the more extensive media is humming with talk about something when you dispatch it, you will stand out enough to be noticed.
- Contest in the media. If everyone is engrossed with major media occasions like a political decision, the Olympic Games, or a conflict. It will be far harder to acquire consideration from anybody.
Many experts suggest that you should never be the first to try a new idea. The first commit an error, and then often fail. The second business with a new thought will often be far more successful. If you wait too long though, you may miss your chance. The third may not be as successful as the second.
What to watch on time:
- Know about your opposition and their present item range, estimating technique, special drives (eg. publicizing, sites, online media, handouts, and so on)
- Search for changes being made by your rivals, or new players entering the commercial center.
- Consider changes and advancements in showcasing methodology made in other businesses. These can be adjusted to, and in the end spill over into your industry.
- Consider changes in proprietorship inside your industry (eg. at the point when huge organizations start to get tied up with other ventures, they can over the long haul, cause significant changes inside the industry they move into).
- Consider shut business sectors that come under tension when opened up.
One illustration of this would be that of a town in Spain which had handfuls of shoemaking organizations, and notoriety for quality shoes developed over many years. After Spain embraced the Euro and opened its shoe industry to rivalry from across Europe, this grounded shoe industry everything except vanished.
Staying alert doesn’t really mean that you need to change what you are doing, yet it may. Changes should be thought of and made all things considered, at the ideal opportunity.