Conquering the Competition with Advanced Targeting Tactics.
Jim from JXM
Jim Pond, Co-Founder of JXM, delivered a powerful presentation on how financial brands can outpace their competition using advanced targeting tactics. In this engaging talk, Jim dives deep into the reality of the competitive landscape, emphasizing that winning in marketing often means strategically breaking existing customer relationships.
He shares insights on identifying who to compete against and avoid, ensuring marketing dollars are spent effectively. Jim outlines practical steps like constructing competitive insights matrices and leveraging social media for real-time opportunities. His talk is packed with actionable advice to help financial brands survive and thrive in a fiercely competitive market. This is a must-watch for anyone looking to gain a strategic edge and drive significant growth for their brand.
Listen to the full talk on Spotify
Session attendees learned about the following:
Understanding the Competitive Landscape: Marketing is often a zero-sum game, where gaining a customer typically means another competitor loses one.
Strategic Competitor Targeting: Identify who you can and cannot compete against to ensure your marketing dollars are spent effectively.
Competitive Insights Matrix: Develop a matrix to analyze competitors' strengths and weaknesses, aiding in strategic decision-making.
Social Media Monitoring: Use social media to identify competitors' weaknesses and quickly capitalize on opportunities.
Product and Service Benchmarking: Conduct thorough benchmarking, including mystery shopping, to understand competitors' service levels and product offerings.
Opportunity Value Scoring: Create a scoring system for potential opportunities, considering positive and negative factors.
Custom Targeting Strategies: Tailor your marketing campaigns to target specific competitors using varied media types and ad placements based on their weaknesses.
Leverage First-Party Data: Use internal customer data to build targeted campaigns to break into competitors' primary relationships.
Advanced Geofencing: Utilize techniques to target competitors' branch locations while minimizing employee overlap.
Proactive Campaign Management: Regularly monitor and adjust campaigns, focusing on manual optimization to outperform automated systems and maximize effectiveness.
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