Your Marketing Plan – What It Should Contain

Running a business without a marketing plan is a bit like driving a car with your eyes closed. Without a plan, you have no direction on how you are going to grow your business and no objectives or activities planned to trigger that growth. This is why companies, investors and leaders all place value in building a marketing plan. However, if you haven’t created a market plan before you may find the process overwhelming. I’ll be honest, if you complete this correctly, it will not be a quick project, you will definitely spend some time on this. A well-researched, strategic marketing plan may take several weeks to complete and will consist of hours of research. While you may continue to operate without a formal plan – it will end up costing you more time, money and resources in the long run.

Businesses with plans succeed, outperform competitors, and retain staff, more than those with no plan. Marketing takes time, money and preparation, but the benefits outweigh the work. A strong marketing plan will ensure you’re not only sticking to your schedule, but that you’re spending your marketing funds wisely and appropriately.

Your Marketing Plan Will Help You To:

  • Identify your competitive advantage and define your unique value proposition
  • Evaluate your mission and vision for relevancy
  • Focus on your strategic target marketsand their needs
  • Determine and focus on priorities
  • Acquire resources you need to implement your plans
  • Obtain the organization support at all levels
  • Set objectives and strategies for chosen segments
  • Define strategies, tactics and campaigns

I recommend following these 10 steps when creating your marketing plan and strategy that will helpg you achieve your goals for business growth.

  1. Begin With a Mission

Identify your mission as a company. A mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making for your business.

  1. Develop Your Target Market and Segmentation Strategies
  • Who are your target markets?
  • What industries do they represent?
  • What is the size of the company (or market)?
  • Why do they need your services or product?
  • What is going to make this company buy your services or product?
  • What is the channel of distribution for this market?
  • Who makes the buying decisions?
  1. Define Personas & Content
  • Do you know your buyer?
  • Do you know the company they represent?
  • Do you understand their company’s business?
  • Do you know their needs and requirements?
  • Do you know where they buy?
  • Do you know who makes up their decision-making or buying team?
  • Do you know their decision-making and buying processes?
  • Do you know how to reach them with your marketing and sales messages?
  • What are the key decision factors that make them choose one vendor over another?
  • Is the decision made around price, service, support, quality, or other factors?
  • Where do these personas go to source credible content?
  • What messages will generate the right response and what information will be most effective?
  1. Complete a SWOT (Strengths, Weaknesses, Opportunities, Threats)
  • What advantages or strengths do you have?
  • What do you do better than anyone else?
  • What do people in your market see as your strength?
  • What could you do to improve?
  • What should you avoid?
  • What are other companies/people likely to see as your weakness?
  • What are good opportunities for you?
  • What could threaten your business?
  • Where is the industry going?
  • What are your objectives as it relates to this target market?
  1. Identify Your Key Influencers
  • Social networks to drive mass impressions
  • Journalists
  • Academics
  • Analysts
  • Professional advisors
  • Websites
  • Industry associations
  • Referral sources
  1. Conduct A Content Marketing Audit
  • Review your existing collateral, content and thought leadership pieces
  • Decide which can be leveraged in new marketing campaigns
  • Identify content gaps so you know where to focus development and resource time
  • Align your content to achieve a marketing objective as well as serve a purpose in the buying cycle (awareness, consideration and decision)
  1. Set Your Marketing Objectives
  • Intended goals and results of your marketing plan, tactics and campaigns
  • Set the metrics (both business and marketing) to track and report on
  • If you’re not use to defining your marketing objectives use the SMART methodology (Specific Measurable Actionable Realistic Time)
  • Marketing objectives are ideally tied to business value including leads, revenue, ROI (Return on Investment), etc.
  1. Plan The Marketing Strategy
  • A detailed blueprint on how to achieve the marketing objectives
  • Strategies list which steps to take, specific action necessary to achieve each step and the expected timeline by which to accomplish each stage
  • Strategies will focus on the 4Ps of marketing: Product (Service), Promotion, Price, Place (Distribution)
  1. Define Your Marketing Tactics, Goals and Mix
  • Advertising
  • Branding
  • Directories
  • Direct marketing
  • Digital marketing
  • Public relations
  • Sales
  • Business development
  • Networking and referrals
  • Events
  • Sponsorships
  • Content
  • Communication
  1. Allocate Your Budget
  • Connect your budget to business value
  • Your marketing objectives and target audiences should help you allocate your spend accordingly
  • Research and capture the price of different marketing tactics (some are more affordable than others – depending on your objectives)
  • Your budget should influence the amount of leads that enter your sales funnel and result in increased revenue (noting that increased spend could decrease profit in the short-term)
  • Leverage benchmarks/best practices on target leads to meet goals
  • Review spend and result on an on-going basis 

In summary, follow these best practices:

  • Focus on your priority target markets and personas
  • Leverage your strengths and not your weaknesses
  • Don’t worry about having an in-depth plan or too many strategies
  • Make sure your marketing plans and budget is practical and measurable
  • Assign specific responsibilities and tasks to skilled people on your team
  • Plan, track, measure, optimize and redeploy
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6 Reasons You Should Invest In Market Research

Market research will allow you to properly execute your marketing strategy. Here are 6 reasons why you should invest in market research:

  1. Identify your potential market.
    1. Researching about your potential or existing market enables you to identify your consumer or understand what product would bring the most value to your target audience. It may also allow you to determine the limitations or flaws within your business, product or service, particularly within the lens of the market.
  2. Determine your price.
    1. Through research of the market, you’ll figure out the best price for your product(s), or more realistically, your profit margin. You need to manage both market and profit expectations when evaluating your pricing strategy.
  3. Minimize risk.
    1. Minimizing risks and make informed market decisions using your market research. This will allow you to create objective go-to-market strategies.
  4. Market to your target audience.
    1. Marketing research will allow you to promote your business or communicate with your customers more effectively and efficiently. When building your marketing strategy you should leverage the market and demographic information of your target audience to increase your in-market effectiveness. Communicated and engage with your target audience through surveys, online questionnaires, focus groups, mystery shops and even internal phone/personal interviews.
  5. Discover opportunities.
    1. Business is dynamic and market research can help a company realize and assess opportunities within the market place. By analyzing data and statistics gathered from market research, you can forecast or anticipate future market needs. First-to-market or a competitive advantage may be a result and a profitable one at that.
  6. In researching your market, you’ll overcome challenges by getting reliable answers. The answers shall serve as your key to create the right solutions for these challenges.

Market research can also provide you with the following information:

  1. Market share and trends
  2. The decision-making and sales process of your target audience
  3. Competitor profiling
  4. Customer service ratings (compared to your competition)
  5. Marketing and sales tactics that can retain prospects
  6. The most effective (or memorable) marketing tactics

Whether you are starting a small business or looking to expand your existing operation, you should utilize market research to help you create an actionable marketing and business strategy.

Strategizing Your Promotional Marketing Mix

In business or marketing strategy, you have probably heard of the “4 P’s” of marketing (Product, Price, Place and Promotion). The promotional aspect can also be described as the “Promotional Mix” and it determines what actions to take to reach your target audience. If you find yourself asking “How do I know what works?” the answer begins with your target audience. This blog post will help you to strategize your marketing plan and I’ve even included estimated costs.

Marketing Tactics

  1. Business Name

Your business and brand name is crucial to your success. ($1,000 – $8,000)

  1. Logo

Your logo should represent your company and your brand. This is a must-have and quality does count. An affordable solution is 99Designs. If design and creativity isn’t your strong suit then you should invest in an engaging logo. ($500 – $10,000)

  1. Slogan

This may be optional, but this short description can explain your unique value proposition to the market. ($500 – $5,000)

  1. Website

Developing a website can be almost free (e.g. from WordPress or another free online template) or a substantial investment. It all depends on your ability to build a website, develop a strategy, content, etc. It will cost less if you can write it yourself and supply the photography, but if you don’t want to build a website, you should hire someone who does. You can also save money by being involved in the planning and content selection. ($5,000 – $50,000)

  1. Content Marketing Schedule

Unless you’re ready to draft a content marketing plan you should probably enlist some help. Providing valuable content will help move your targets through a track-able process.

  1. Email Marketing

This will help you provide value and disseminate you content. Free templates can be set up with any number of online eNewsletter programs. ($50  – $20,000)

  1. Social Media

Set up your social media profiles (Facebook, Twitter, LinkedIn, Google+, YouTube, Instagram, Pinterest, etc.) and ensure they are consistent with your branding and messaging. You should be able to do this yourself, but make sure you’re on the right networks – correctly.

  1. Blogging

Writing a blog is free and easy to do once you’ve planned your content strategy. Creating a blog will help you keep your website content fresh.

  1. Signage

Signage will let the market place know that you exist and help people easily you’re your location(s). ($500 – $50,000+)

  1. Directories and Classified Ads

Whether online or in a newspaper, these should be a cost-effective method to list your company in it’s target industry. People searching for specific items can locate your ad by category. ($25+/each)

  1. Community Newsletters

If your goal is to reach a specific community, than community papers may provide you with a cost-effective tactic, however readership varies. ($50 – $500/ad/size)

  1. Outdoor Advertising

This tactic will increase your local presence. Outdoor advertising covers a variety of media, including lawn signs, bus benches (0 – $200/month), shopping mall signs, billboards and building sponsorships. ($5,000 – $50,000+)

  1. Videos

Videos are an extremely important, especially within your content marketing strategy. They can be used in a variety of mediums including both digital and traditional marketing tactics.  ($2,000  – $50,000)

  1. Search Engine Optimization (and Outsourced Content Creation)

Your company and it’s digital assets need to rank highly. Enlisting the services of an expert will save you time, which will allow you to get back to business. ($1,000 – $5,000/month)

  1. Radio

This brand awareness tactic will increase your presence with commuter traffic, especially in rural communities. ($3,000 – $10,000/month)

  1. Television (TV)

Advertising on local (or national) television can greatly increase your brand awareness and increase recognition. (Estimate $1,000 – $10,000/month + production – you need a solid 30 second spot)

  1. Newspapers

Newspaper (local or national) can help build local, immediate attention and over a period of time can increase brand visibility. ($2,000+/month – depending on ad size)

  1. Promotional Products

These are branded items that you send (or give) away to gain (and retain) attention. In Calgary I recommend Level2, however there any many choices in every city.

  1. Direct Mail

Targeted, local direct mail can be effective if there is a valuable offer or create that stands out. This can also be applied to eNewsletters or digital marketing. ($0.5 – $3/ household is consistent depending on the creative you are mailing)

  1. Digital

There are many new online advertising channels to consider. Start with Search Engine Marketing (SEM), which is essentially your online search traffic that should relate to your company, product or service. Then look at display advertising, which is the online version of billboard advertising, layered in with retargeted and behaviour ads. Next think about social media advertising (YouTube, Facebook, Twitter, LinkedIn). If you’re confused by the above let me know and I can help. While marketing budgets may vary they are also affordable and track-able. ($25/day+)

  1. Customer Relationship Management (CRM)

A CRM system, emails and phone calls will help you manage current relationships, increase referrals and attract new prospects to be clients. If you don’t have a sales process or strategy you will not generate new business. ($25/month+)

  1. Recommendations, Success Stories and Celebrity Endorsements

Some of these are free or earned and others are not – however all will help you increase credibility within your market place. Always be aware of the risk.

Build Your Promotional Marketing Mix

Choose your promotional marketing tactic based on your target audience. This includes the volume, type, and geography of the target customers you are trying to reach. Depending on your marketing strategy (or objectives), choose the method that is the most direct and provides the most value. Your target prospects need to engage with your market for it to be a success. Forecast and plan your marketing budgets to ensure that you allow enough budget to carry your campaign throughout completion. Don’t be afraid to take a chance. Just be sure to measure the results of your marketing.

How & When to Start Marketing Your Product: 4 Tips

“How and when should I start marketing?” Many companies and new entrepreneurs can easily get hung up on that question. Whether it refers to determining when to start marketing your product or service to customers, or figuring out the correct market in which to launch, the following 4 steps will help guide your through the process.

  1. Product Knowledge

You need to frame the product/technology as it relates to your proposed product timeline and evaluate what stage it currently resides. Doing so defines the timing of when you should go to market and who would be the ideal target within each of the product’s stages.

If you aren’t sure where your product stands, consider the following points:

  • Are the primary features still being developed?
  • Are there enough features to let someone test and give meaningful feedback?
  • Are you ready to present your product and find a first beta tester or even customer?
  • Where does your product reside in the product life cycle? Each of these stages varies in length and directly affects how you market and what your timing is.
    • 1. Development
    • 2. Introduction
    • 3. Growth
    • 4. Maturity
    • 5. Decline

Product knowledge will assist you with your marketing messaging as well as increasing your competitiveness within the market place.

  1. Marketing Strategy

Your marketing strategy should plan out the approach you will take to reach potential prospects. Define your target audience and know the best marketing medium, channel and budget for each persona.

Your marketing strategy needs to include the following elements:

  • Product & Consumer
  • Price & Costs
  • Place & Convenience
  • Promotion & Communication

4marketingPsandCs

Also consider these points when building your marketing plan:

  • Who your product or service will serve
  • Where to reach these people
  • How to reach these people
  • How to best do the above given the resources you have
  1. Competitive Landscape

To be successful and truly stand out to your target audience, it is crucial to have a deeper understanding of the competitive landscape. Figure out who the top competitors are, along with their value proposition and core messaging. Can your product or service thrive in the market place? All products, services and companies have competitors so be sure you conduct due diligence. I recommend starting with some web searches then building from there.

  1. Messaging

After you have developed your marketing strategy and understand the positioning of your product in it’s competitive landscape, the final component is to define the messaging. Your messaging is the compilation of the first 3 steps, but positioned in a compelling manner. It must be creative, catchy, engaging, memorable and most of all convert-able (leading to new business). If you are to be successfully noticed by a prospect, your messaging must be timely, relevant, and personalized.

Provide value and think about your unique value proposition. Consider the use of comparative language. Are you faster, bigger, sleeker, or cheaper? Your product knowledge, market strategy and competitive knowledge should help you to create messaging that will engage your target audience.

The 4 steps I’ve outlined will help you determine when or how you should market your new product or concept. It should begin developing an actionable marketing strategy that will allow you to under stand your product/service and it’s target audience. This also includes conducting market and competitor research as well as creating engaging messaging. These tips will allow you to properly plan your strategy and execution, which will be the key to your success.

10 Tips for Creating an Engaging Business Blog

Business blogging is a powerful tool which when used correctly, can impact your marketing significantly. Here are 10 recommendations on creating a successful business blog:

  1. Set Goals
    Have complete knowledge about your content marketing, social media and blogging goals. Make sure the goals are specific, measurable and achievable.
  2. Define Your Target Audience
    Defining your target audience personas will help you create valuable content based on their content interests. Be consistent and appeal to their pain points.
  3. Plan with a Content Calendar
    Great blog posts don’t spring up out of the blue without proper planning. An established content calendar helps ensure regular, streamlined content flow through the year.
  4. Create a Content Marketing Plan
    Increase your visibility by creating content. If your content is good, increased visibility will translate into views and leads. Promote your blog through cross promotion initiatives on social media, your website and online paid advertising. Also incorporate social sharing buttons on your blog pages for increased distribution and engagement.
  5. Assign Adequate Resources
    A successful blog needs resources: to generate quality content, for creative work (images, design, formatting etc.), to work on the editing and marketing your content.
  6. Work on Content Optimization
    Your blog is a major contributor to your search rankings. Optimize your content by using relevant non-brand keywords. Integrate your blog’s URL into your company site URL which helps in branding and further search optimization. Also, make it easy for people to access your blog from your website and vice versa. Lastly, structuring your content into short paragraphs will help visitors read your content.
  7. Brand Your Blog
    Ensure your blog is consistent with your brand identity, including brand colors, logo, font etc.
  8. Connect Your Blog to Relevant Product/Service Pages
    Make it easy for blog readers to find your products linking your blog pages to the right products/services with a persuasive call-to-action and hyperlink.
  9. Include visuals
    Balance the presence of text on your blog with adequate visuals including photos, video and presentations.
  10. Measure Performance
    Track your blog’s effectiveness by measuring important performance metrics including the amount of traffic, leads and sales generated. Also measure the extent to which your blog is helping you cut costs in search and customer service.

15 Tips on How to Create a Successful eCommerce Website

Every website needs visitors and customers. Websites are specifically designed to serve customers. An effectively designed eCommerce website experiences high conversion rate and brings the desired profit for a business. However not all the web designers understand how to make the eCommerce websites conversion-friendly. Below are 15 tips to help you build a successful eCommerce website.

  1. Identify your prospects 
  2. Have simple navigation 
  3. Use high resolution product images (or stock photos)
  4. Include valuable product details
  5. Employ simple, clear and visually engaging call to actions (CTAs)
  6. Feature product and/or service videos 
  7. Have 24/7 visibility into your shopping cart 
  8. Offer free shipping as an option
  9. Avoid distractions 
  10. Leverage landing pages to feature valuable content, products and services  
  11. Offer special discounts or sales clearly
  12. Display your contact information easily and visibly
  13. Consider multiple transaction options
  14. Feature an effective and useful Site Search: Advanced
  15. Keep the site simple, engaging and focused on providing value 

Building an eCommerce website could be a challenging task, but the tips given above offer great help even to a newbie web designer. Try to improve the usability and shop-ability of eCommerce website that you are designing. Keep in mind that building a website is a never-ending process. You’ll need to keep updating your website on a continually ongoing basis.

Top 5 Marketing Questions Your Business Should Be Asking

Nowadays, everyone is trying to manage a business and brand that sticks. Businesses and marketers are very busy with multiple channels, campaigns, metrics, projects, and deadlines. To stay competitive, business and marketers should be asking themselves these 5 questions.

  1. Who are your target audiences or personas?

This is Marketing 101, but you’d be surprised how easy forgetting about this fundamental question is. Approaching every project thinking first and foremost about your audience should be second nature. This would also be why your company exists. You’ve missed the market if you’re not targeting or providing value to a specific target or persona.

If you’re just getting started, establishing audience personas will take some due diligence and a fair amount of market research (try your CRM or client files). But it’s well worth the effort if your campaigns are to have the most impact.

  1. When is the right time to provide value?

After creating target personas you need to understand their job details and where they spend their time looking for information. When you identify your audiences’ primary job responsibilities you can zero in on the various pain points they face daily. With that knowledge, you can tailor your message to fit what your audience needs.

Also, your target audience will inevitably spend time looking for new information and consuming content. You need to know where this so you can provide informative and quality content. That is where your brand’s message also needs to be.

  1. What is keeping your audience up at night?

Even if we don’t want to, we all take our work home with us from time to time. These concerns can offer insight into how to reach different customers. While this may not be easy, by doing some strategic research, you can learn a lot about your audience’s needs. This will help you to provide valuable content and deliverables to your personas.

  1. What will make you stand out from the crowd?

The marketing market is saturated. This is why you need to see a piece of marketing a few times before it resonates. People experience a steady flow of content from multiple sources: emails, social media posts, traditional advertising, and many other channels. Keep it short, sweet and simple. This is how your message will stand out.

Keep your audience’s attention by having a clear, focused message about the solutions you can provide that will address their pain points. Be sure you provide value and consider offering an incentive.

  1. What action do you want your audience to take?

The call to action (CTA) is could be considered to be the most important part of any marketing message that your audience receives. Use 1, maybe 2, CTAs at a time. If you have multiple CTAs, your audience will likely become distracted and confused and less likely to convert. Make sure the CTA is easily visible and engaging follows through with the action it presents.

Marketing: How to Break Through the Noise

The market place – any market place – is noisy and crowded. Marketing has moved towards a content, value-driven strategy where companies are competing (even more so) for market attention. Below are my recommendations on how to cut threw the noise.

  1. Build a marketing strategy

Be sure to include the following elements:

  • Strategy: Start with a business strategy that addresses your target customer, market, technology and business needs
  • Products and services: Have a quality offering that meets customer needs (both stated and unstated) better than the available alternatives
  • Target audience: Understand as much as you can about your prospects and customers – who they are, what they need and want, and how you can best provide value
  • Competitive and market analysis: Understand the market in which you compete, including as much as possible about the industry and competitors
  • Brand: Build a strong brand and reputation in the minds of all key audiences – customers, partners, employees, shareholders, the local community, and others
  • Communication: Effectively communicate the value you provide so as to generate demand
  • Sales and distribution channels: Provide the right tools to enable those who sell and recommend your product to be successful
  • Operations: Deliver, track, and analyze your marketing efforts to understand what’s working and where changes should be made
  1. Think digital

If you’re not thinking digital first, you’re already behind. Be able to develop and deliver targeted digital campaigns that will provide an increased return on investment (ROI). Measure and track your digital marketing and make executable improvements, while focusing on lead generation.

  1. Create alignment

Marketing will succeed or fail based on your planning and execution. Alignment along internal and external stakeholders will increase the performance (and results) of your marketing strategies. Even some of the most creative marketing initiatives can fall flat if you don’t have alignment.

Have consultative and collaborate conversations between marketing team members and business stakeholders to create alignment. Review to make sure you have the resources (and budget) available to execute your strategy. Great marketing initiatives fall short if they are not provided sufficient resources. Have you thought about the technology required to execute your strategy? You need to. Exploring opportunities here also aligns with executing a successful digital marketing strategy.

Marketing needs to have a strategy is you want to successfully cut through the noise and have a valuable impact in the market place.

4 Ways to Make Social Media Marketing Easy

A few years ago businesses weren’t exactly convinced that they should be spending time on social media. In 2015 there’s no denying that social media must be considered part of your marketing strategy. Getting started on social media may seem complicated, difficult or confusing, however these 5 tips should help make it more manageable.

  1. Be Simple

Don’t sign up for every social media account. You should research and be selective on which accounts you start. This way you can focus your time and effort creating a strong social media presence on a channel that resonates with your company. The more accounts you have to manage, the more your time will be divided, and the more likely it is you’ll do a poor job across the board. You might also want to reserve your brand name on the major social networking sites, even if you don’t plan to use it. Choose 2 or 3 sites where you feel you’ll get the largest return on your investment. Be sure to select the networks where your customers spend the most time or where they engage the most.

  1. Schedule

You don’t need to spend hours everyday on social media. Be efficient and schedule content in advance. Commit to a few hours a week (actually put it in your calendar) to draft new content and source valuable content to share. Leverage tools like Hootsuite or Buffer to schedule updates to multiple profiles in one place.

  1. Integrate

If you want to see results, then you need to integrate. Make sure you’ve integrated your social media plan with your marketing strategy. This means integrating into your brand, messaging, campaigns, cross-channel marketing, advertising, content strategy and much more. Finally, link your profiles to your website, digital properties, customer relationship management (CRM) system. You can also cross purpose content across platforms.

  1. Monitor

Monitor brand, industry and competitor mentioned. Social media provides a unique opportunity to stay connected to content and opinions that are important to your target audience. Be sure to monitor any reviews or mentioned of your business. Paying attention will provide you with opportunities to join into the conversation, provide a point of view and hopefully some value. Use monitoring tools to track any mention of your company, brand social media handles as well as keywords related to your target audience. Monitoring will also provide you with the ability to adjust your strategy and implement improvements.

If you plan out your approach to social media it will be less daunting. Stick with it and you will see results from your effort.

5 Things to Consider Before You Start Marketing (or Advertising)

Marketing and advertising isn’t easy and it usually isn’t cheap. While you can find cost effective tactics you there are 5 things to consider before you start marketing.

  1. Set Objectives & Benchmarks

You need to know what your objectives are and what benchmarks (if reached) will make your marketing tactics or campaigns successful. This can include impressions, visitors, clicks, leads, conversions, cost per lead/conversion, etc. Knowing the specific results you want from each campaign will allow you to take the guesswork or emotion out of your decisions and invest in what marketing tactics perform.

  1. Align Marketing with Sales 

Before you start advertising, think about who, what, where, when and how you generate a sale. This will determine when and where you want to advertise. Without alignment, you won’t generate any revenue or return on your marketing investment. You should also think about capacity and inventory. You don’t want to advertise unless you can deliver.

Consider these questions and they will help you determine the appropriate marketing medium mix:

  • How many calls, leads and emails can me (or my team) effectively handle in a day/week/month?
  • How do you handle each incoming lead?
  • Do you make outbound phone calls?
  • Have you conducted sales training?
  • When do you receive the most leads or sales?
  • Is there seasonality to be considered?
  • What marketing mediums generate the highest quality of leads?
  • Who converts the most leads and where do they come from?
  1. Plan Your Messaging & Creative

Marketing performs best when you provide value and are focused around solving an issue or a need. Your creative and messaging should focus around your customers. Don’t hard sell or only talk about yourself. Create benefit-worthy messaging to help increase the results of your marketing.

Consider these questions when planning your messaging or creative:

  • What key issues are important to them?
  • Is there a point of view to consider or address?
  • What emotions or feelings do they experience before, during and after converting from a lead to client?
  • Can you provide unique value?
  • Is there a competitive position to take?
  1. Find the Best Marketing Mix

Consider a variety of marketing strategies and tactics. This includes local advertising (TV, radio), outdoor (billboards, transit), direct marketing, digital (display, PPC, SEM), social media, mobile, etc.

Marketing Strategies to Consider:

  • Radio works well in commuter markets from 6 AM to 6 PM. It requires very little production cost, and you can change your message in hours
  • TV works well in the evening (7 PM to 12 PM) and can provide increased emotional branding, however production costs are quite high
  • Outdoor advertising works well when generating local brand awareness, however you need to be in market for a few months to generate results
  • Direct mail works if you have a small area to target and you can create something that will stand out in the mail
  • Digital marketing can be cost effective, flexible, and highly measurable/trackable
  • Social media is an important tactic, which will help drive awareness, leads, and prospects to your business
  • Everyone is spending more time on his or her mobile devices, so don’t forget about that medium
  1. Implement, Test & Measure

Testing will help you improve and fine-tune your marketing efforts. Think about this before you launch a campaign to so you track it and measure results. Review monthly or quarterly and decide if you need to end the campaign, renew, refine, etc.