Marketing Strategy Article

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      I don’t know about you, but each month I receive hundreds of email solicitations promising to deliver thousands of new website visitors overnight.  I put those in the same file as the “do nothing and earn $10,000 per week from home” advertisements.   Just as Wall Street has learned, the Internet hasn’t changed all the rules.  Successful marketing campaigns still require creativity, planning, and old-fashioned sweat.   Money isn’t the secret ingredient.  The beauty of guerrilla marketing is it forces businesses to think creatively and leverage every available resource.

      Too many times, a business will base a marketing strategy around a budget, instead of the end goal.  Unfortunately, too often it shows.  Whether it’s a million-dollar TV spot during the Super Bowl, a new business-to-business product launch, or a banner ad campaign for a small website, we’ve all seen examples of misdirected marketing.   Although many won’t admit it, there’s just as much wasteful spending on Madison Avenue as in Washington D.C.  Effective marketing campaigns are won or lost in the tactics, not in the budgets.  It is critical to develop marketing campaign strategies from a tactical, or guerrilla, perspective, regardless of budget.

Identify the End Goal. 
      Start with identifying the end goal of your marketing campaign.   What event or “call to action” are you trying to accomplish?  Is it to sell more widgets through your offline sales reps?  Are you trying to generate more affiliate revenue from your website?  Are you trying to register more visitors through your website?   Are you trying to keep your company’s name in the minds of past and prospective customers?

      Okay, now keep working backwards from a tactical perspective.  What will quantify your end goal?  What’s your benchmark for success?   As an example, let’s assume your end goal is to register more website visitors.  This means you want more visitors to submit their name, email address, demographic information, or possibly other information.  It doesn’t take much thought to realize how valuable that would be.  For our purposes, let’s say our goal is to increase website registrations from 0.5% to 2% of total visitors. 

Cause the Reaction. 
      Now, ask the question of why your website visitors would give their personal contact information.  The short answer is a bribe.  Users need to perceive a value or benefit of offering their contact info.  Common benefits include getting access to special website content, receiving special promotions from the company, or free subscription to an email newsletter.  Other examples are membership for loyalty programs, personalized website content, registered-user sections of the website, free email accounts, or product giveaways or contest entries.  Some of these tactics will require larger budgets.  Some simply require a little creative thinking about ways you can leverage things of value at your company.   Evaluate the talents and strengths of your internal employees, including that quiet kid in the mailroom.   Do the same with your outside suppliers, marketing partners, and even your best customers.  A little brainstorming can spark great ideas for incentives you can offer to registered website visitors.  For example, you could create an email newsletter with informative features about the production of your product, a spotlight of how your top client uses your product, industry-related cartoon drawn by the mailroom kid, and a special offer from one of your partner companies.  

The Medium.  
      How and where do you promote your campaign (i.e. free newsletter)?  Think through the communication outlets that will not require out-of-pocket cash.  These include every “point of contact” with customers and prospective customers.  For example, you could add a promotional flyer with product shipments, a blurb on the company’s incoming phone greeting, a text ad on every outgoing email and fax, promo graphics on your delivery trucks, and other internal outlets.  The costs associated with most of these activities can be absorbed into existing expenses.

      Next, go back to your suppliers, clients, and partners.  Are there some ways they can help?  For example, could you include a promotional flyer in their own product shipments in exchange for banner advertising space on your website?   They may want to place advertising or contribute a feature article in your email newsletter.     Keep brainstorming.  You may be able to exchange banner ads or newsletter content with one of these partners.  Best of all, this marketing relationship may turn into other joint ventures down the road. 

      Okay, now it’s time to evaluate any available budgets for pay-based marketing.  Of course, you can always buy print ads, place banner ads, send direct mail, or other traditional advertising.  However, first ask yourself what ways can best complement the no-cost, “guerrilla” marketing tactics previously discussed?  For example, is it logical to jointly purchase print ads, send direct mail, jointly write a feature article for a trade magazine, or share booth space at the next tradeshow, with one of your partners?  All of these will cost money.   However, sharing costs will maximize budgets and further strengthen industry partnerships.  

The Measurement.  
      Well, your campaign is a success…or is it?  A critical component of every marketing activity is measuring its performance against the activity’s objective.  The form of measurement needs to be designed and developed PRIOR to launching the campaign.  Ideally, quantitative variables, such as new registrations for an email newsletter, should be used.  Other examples of quantitative measurements are tracking volumes for phone numbers published only in certain print ads or mail pieces, or monitoring sales volumes for a particular advertised product. 

      Some marketing campaigns don’t lend themselves to those type of black-and-white results.  Your company may undergo a campaign to reposition its brand, counter negative publicity, or other objectives unrelated to lead generation and sales volumes.  This can be can be especially complicated if these types of awareness campaigns are launched simultaneous to more quantitative sales campaigns.  For example, awareness campaigns may include the same website address as the sales-focused print ads.  How do you really know if the awareness campaigns are working?   Some ways to counter this confusion include the following:

  • Stagger the timing of the campaigns and minimize the overlap of multiple campaigns

  • Aggressively track how prospective customers heard about the company, including manually tracking by sales reps, customer service reps, website inquiry forms, and other points of customer contact

  • Perform both a pre-campaign survey and a post-campaign survey to evaluate changes in general awareness, brand perception, or other objectives.  While this requires higher costs, it is very effective in judging PR and awareness campaigns.

      A pitfall for some businesses is looking only at closed sales to evaluate effectiveness of a marketing campaign or entire strategy.  Marketing and promotion is an important step in business development, but not necessarily the only critical element.  All points of customer contact, including sales representatives and the entire sales cycle process, needs to be analyzed and well aligned to any marketing activities.  Sales and customer service teams need to be fully invested in all marketing campaigns.  It is not enough to notify these teams about an upcoming advertising campaign, since its success will rely heavily on their performance.  Again, the impacts and measurement of a campaign should be done PRIOR to the launch. 

      Marketing doesn’t need to be complicated.  However, successful marketing does merit careful planning.  The critical expense is not the graphic design fees or placement costs.  Those are the easy parts.  Devising a campaign that is misaligned with sales channels or achieves misdirected goals is the biggest waste of money.  Don’t throw money at the problem.  Step back, think like a prospective customer, and walk through your internal sales cycle.  Do this frequently and consistently throughout your entire organization.  A good marketing plan is a living, evolving documentdon’t kill it by locking it away in dusty file cabinet!

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