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Business Opportunities: Marketing
❎ Problem Spaces
In Problem Spaces, we share — guess what — the most common problem spaces we’ve encountered in our community research. We describe them in-depth and share examples of people who had specific problems within this space. In this format we focus more on quality than quantity: we will cover fewer problems but in more detail.
Today, we’re diving into a space that most entrepreneurs can relate to one way or another: Marketing.
As more and more businesses go online, competition intensifies. As a consequence, great marketing becomes an essential ingredient for success. At the same time, marketing is extremely complex and demanding. Marketing online communities are full of questions and complaints, but, as always, Reddit and the likes have limits in terms of responding to these challenges.
We hope you enjoy this report on business opportunities around Marketing and we’re looking forward to hearing from you.
🎯 Finding a Marketing Strategy
Problem: Every business is different, and so is the right marketing strategy
As with most other online communities, you will find posts concerned with smaller but highly specific problems, and others concerned with more general issues in marketing. Unsurprisingly, the specific problems & solutions rarely get a lot of attention (but, on the upside, not a lot of competition either).
In this context, a Redditor’s suggestion to create a GitHub for marketers for these types of problems sounds pretty interesting.
What stood out even more to us, however, is the level of complexity of the more general type of questions. Based on what we’ve read, great marketing needs a great strategy first. And great marketing strategies consist of a number of heterogeneous elements, ranging from technical to psychological to design-related areas of expertise.
Coming up with the right strategy is a huge challenge for marketers, and there could be different approaches to help them. For example, one could create a platform that connects marketers with experienced strategists, set up a 1on1 coaching business, or even build a (really) smart tool.
🤔 Transitioning between positions
Problem: Many marketers are insecure about transitioning between agency, freelancer, and startup
There are a number of reasons why so many marketers consider transitioning between agency life, freelancing, and start-ups. Some want more freedom while others want to have more concrete tasks. A desire for the latter is often grounded in the ambiguity of a marketer’s job that seems to create a need for emotional support.
Then there are marketers who can’t stand dealing with clients day in and day out, while others are bored by the overly technical aspects of their specific job.
While Reddit can offer some advice and a friendly ear, there seems to be demand for more. Solutions could range from a space for emotional support to a collection of resources or an advice business offering potential analysis & concrete tips for applications.
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