How To Implement A Strong Defensive Marketing Strategy To Protect Your Brand & Market Position
Every day new brands are emerging in the market. Some are bringing in fresh new products while some are launching competitive products of higher quality, better features, and lower costs with the hope of confiscating the existing market leader. But the question is, how are you going to safeguard your brand and market position? In this blog, we are going to discuss what defensive marketing strategy is, its importance, and how to implement your own defensive marketing strategy. Let’s dive into the details. What Is Defensive Marketing? The actions that a brand, primarily a market leader, takes against its rising competitor in order to protect the market position of its products, profitability, market share, and mindshare is known as Defensive Marketing. In case a brand fails to protect its market position, then they are liable to lose some of its consumers to the competitor. Or, in the worst-case scenario, they might lose their whole business. This reason alone is enough t...