Digital Marketing is an ever-changing field. The speed at which technology is transforming calls for a disciplined approach to tackling business challenges.
In order to get your business started and then stay ahead of the competition, conducting a SWOT analysis is absolutely necessary.
It is a method of structured planning that can be applied to a business, a product, industry, place or even an individual for that matter.
In the field of Digital Marketing, applying SWOT analysis while starting your business or assessing a product could help you understand where you stand and how to capitalize on the vast amount of opportunities within your industry.
SWOT analysis needs to be done even before you consider spending any money on a marketing campaign.
So let’s find out a little more about what SWOT analysis is and how we can apply it in the Digital Marketing spectrum.