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.

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7 Benefits of B2B Social Media Marketing

To be competitive in the marketplace today your company needs an online strategy and presence. Social Media, if implemented correctly, can offer customers immediacy and can drive customer engagement, increase quality leads and result in higher ROI. B2B marketers need to realize that even top business leaders socialize with their family and friends online. While demographics still apply to social media, they are far less rigid. Generally speaking, everyone is using social media, using it for business, socializing, shopping, research and much more.

Below are the 7 B2B social media marketing benefits

1. Engagement

Be the B2B business that engages with people. If they get to know you, they may want to do business with you. You can achieve this by creating video demos, company news and customer stories. Building trust can help increase interest and, ultimately, engagement.

2. Interest

Social media provides lots of data that can give B2B companies insight into buyer personalities and motivations. Analytical tools, data and interest can help you target specific communities and create content that drives interest.

3. Traffic and Leads  

Creating and implementing high-quality strategy will allow you to create content that will attract leads. Consistent strategy should also drive traffic that converts leads into actionable sales. With the ability to segment audiences you should be able to extend your reach and your number of leads. 

4. Thought Leadership

This buzz word represents the ability to create B2B content that creates a positive impression on your potential (and existing) clients. Examples can include articles, webinars, documents, tools, etc., which demonstrates your credibility and expertise.  

5. Networking 

While social media interactions may not directly land your next client, it can build your network of valuable contacts. This online network may help expose you to new opportunities, attract a new employee or provide a quality referral.

6. Savings 

Every B2B company likes savings money, especially when it comes to marketing. Using the right tools, businesses can launch, measure and modify your social marketing campaigns immediately. Now compare this to your experience with expensive, traditional marketing. Analyzing data and results will help you gain feedback quickly allowing you to adjust your campaigns to make them more impactful.

7. Relevance 

As more companies embrace an active online presence and implement social media marketing your company needs to stay relevant. Failing to participate can make your company seem less credible and that you’re behind the times. Both companies and consumers research and measure brand profiles through their online visibility and activity. Don’t let your company become a brand that is irrelevant or out of touch.

Start your social media marketing today. For assistance, feel free to engage with me online.