At a high level, a marketing strategy uncovers your audience needs and helps develop your product, positioning, price and promotion in relation to these needs.
Agencies such as Clue are more commonly engaged to help with the promotion of product or services. To do so we still uncover audience insights with a focus on how to reach and prompt them to take action, be that visit your website and/or store. We then optimise the path to purchase and implement tactics to increase customer lifetime value.
A marketing strategy will increase profitability by getting more people to buy more from your business.
This is measured with return on advertising spend (ROAS), cost per acquisition (CPA) and customer lifetime value (CLV).