Over the past few years, the cannabis industry has grown exponentially. At the end of 2016, California – along with Maine, Nevada, and Massachusetts- joined the ranks of other progressive sites and legalized the recreational use of cannabis. This move by California is projected to increase the value of the cannabis market to $20 billion in the next 4 years. In the next decade, it is estimated that the cannabis industry will be worth an astounding $50 billion, that is more than 8 times its current size!
The cannabis industry has come a long way from the days of homemade baked goods and nameless products on the shelf. As the experts in cannabis marketing and advertising, Marijuana Marketing Gurus can help you seize every opportunity this growing industry has to offer. In today’s market, it is becoming increasingly important to create a brand that engages with its community and maintains a strong presence in the marketplace. Below we have identified 4 key strategies you must invest in order to smoke the competition.
1. Invest in Innovative, Engaging & Educational Content Creation For Your Brand
From dispensaries to gourmet cannabis baked goods, the cannabis marketplace offers a vast array of choices for consumers. Because consumers have so much choice when it comes to cannabis products it becomes imperative for businesses to embrace the 4 elements of content marketing: email, social media, blogging, and video. These 4 elements help you create a community around your brand by engaging with your current and potential customers all at once. Not only do these elements add value to your brand, but they can provide you with valuable insight into who your audience is and what they want.
2. Invest in Photography
We have all heard the phrase a picture is worth a thousand words. Whether they are surfing the web or shopping the aisles of the local market, people see thousands of images a day. Which is why it is vital that the images you use in your branding catch the eye of every potential customer from the get-go.
Stock Photos Vs. Professional Photography
While there is a breadth of stock photo libraries out there, the images are often generic and do not reflect who you are as a business or the products you sell. By hiring a professional photographer to shoot photos of your team, your operation and your products you can show your customers exactly who you are.
3. Create Packaging That Is Both Aesthetically Pleasing & Meets Regulations.
For today’s savvy consumer the design of the packaging has as much to do with their purchasing decision as the quality of the actual product. In fact, 70% of all purchasing decisions happen at checkout. So it becomes essential for cannabis business to create packaging that appeals to consumers and easily distinguishes their brand from the competition. In addition, cannabis packing does come with all kinds of regulations you must adhere to, so it is vital to work with a designer who is well versed in the rules of cannabis packaging.
4. Always Keep Track of Your Analytics & Metrics
The number one mistake that any novice marketer will make is to set and forget their strategy. Without regularly checking in on your progress, there is no way to see if your strategy is working. It is vital to utilize tools like Google Analytics, Webmaster Tools, Facebook and Twitter publishing tools to track growth and analyze your audience’s response. It’s not enough simply to set and forget a marketing strategy without regularly checking in on your progress. Data is gold to marketers and can help you make informed decisions when developing your marketing strategy.
One of the biggest mistakes cannabis businesses make is not bringing on professionals to implement the strategies discussed above. At Marijuana Marketing Gurus, our experts will help you build your brand. Let our experts take your business to the next level. Call us today to speak to one of our consultants.