Empowering small businesses through innovative marketing technologies: A blueprint for growth and competitiveness
International Marketing Management, Coventry University UK.
Review Article
World Journal of Advanced Research and Reviews, 2024, 24(03), 1696-1713
Publication history:
Received on 09 November 2024; revised on 16 December 2024; accepted on 18 December 2024
Abstract:
Small businesses are the backbone of the global economy but often face significant challenges in competing with larger enterprises, particularly in the digital age. This publication explores how innovative marketing technologies can empower small businesses to overcome these challenges, drive growth, and enhance customer engagement. By leveraging tools such as artificial intelligence (AI), customer relationship management (CRM) systems, social media analytics, and personalized marketing platforms, small businesses can transform their marketing strategies and achieve competitive advantage. The discussion begins with a broad overview of the evolving marketing landscape, highlighting the increasing importance of data-driven decision-making and digital-first approaches. It then narrows its focus to the specific needs of small businesses, emphasizing the cost-effectiveness and scalability of modern marketing tools. Case studies of successful implementations illustrate how technologies like AI-powered chatbots, programmatic advertising, and predictive analytics can streamline operations, improve customer experiences, and maximize ROI. Moreover, the publication examines the role of marketing professionals as strategic partners in guiding small businesses through the adoption of these technologies. It addresses potential barriers, such as limited budgets and technical expertise, and offers practical solutions, including collaborative training programs and access to open-source tools. Ultimately, this blueprint positions marketing innovation as a catalyst for small business success, advocating for a balanced approach that aligns technological adoption with core business values. The publication concludes by outlining actionable strategies for marketing professionals to empower small businesses, ensuring their sustained growth and competitiveness in an ever-evolving marketplace.
Keywords:
Small Business Marketing; Innovative Marketing Technologies; Customer Engagement; Digital Transformation; Marketing Strategy; Competitive Advantage
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0