2.4 Choose a Strategy
Now that we have walked through all the factors that may have an impact on your choice, we want to summarize them below:
- 1.Social Skills
- 2.Marketing Skills
- 3.Technical Skills
- 4.Motivation & Discipline
- 5.Social Opportunities
- 6.Geographical Opportunities
- 7.Business Related Opportunities
- 8.Time Limitations
- 9.Financial Limitations
- 10.Risk Tolerance
All these criteria will guide you towards your personalized strategy.
While brainstorming, you will likely end up with multiple candidates and various versions of ideas.
Make sure to note all of them down!
It is helpful to have many options to choose from. In case you get weak results out of your preferred choice, you will quickly be able to switch towards backup plans.
We recommend to not limit yourself to a single strategy. It is very difficult to assess how successful something will be before doing actual trials. Make sure to let your options compete with each other until one of them stands out.
There are endless ways to execute the same strategy. Let's take distributing flyers as an example. For every variable, there are multiple options.
Variable | Option 1 | Option 2 |
Location | On the Street | In Universities |
Referral Code Format | QR Code | Shortened Link |
Flyer Visuals | Abstract Graphics | Text-Based |
Flyer Size | Single DIN-A5 | Small Brochure |
Paper Quality | Cheap & Many | Quality & Few |
Distribution Time | In the Morning | On Evenings |
You can quickly come up with hundreds of different combinations. Changing a single variable can have a significant impact on the overall performance. This is why you will need to find out what works and what doesn't by trial and error (more on that in section 4).
Make yourself aware of this complexity when choosing your top strategies. Some will be more straightforward than others.
If you have two competing strategies with otherwise similar characteristics, make sure to prioritize the more straightforward one. Feel free to consult with us if you are unsure.
We have outlined a number of core strategies that may function as drafts for your individual solution, or even as inspirations for new ideas. You can access them below.
We recommend to follow the process below to ensure maximum creative output:
- 1.Brainstorm about your options before going over the core strategies linked above. This will allow you to fully unleash your own creative potential and avoid a situation where your mind falls back to the already conferred options. Being unbiased is important for your first brainstorming session. Make sure to take as detailed notes as possible.
- 2.After completing step 1, proceed with the link above. Identify which of your ideas are outlined and which may be completely unique to you.
- 3.Based on the new input from step 2, do another round of brainstorming. Merge your previous ideas with newly acquired methods and settle on a few selected "finalist" strategies.
Last modified 3yr ago