online marketing strategics
Marketing is strategic. To succeed, you need highly focused goals. You need a framework for a scalable, replicable framework. It doesn’t matter whether you’re a beginner or an advanced marketer — this fact will always hold true. If you run without direction, you’ll end up wasting two of your company’s most valuable assets: time and money.
The first step of successful online marketing is an understanding of your company’s exact needs and goals. You need relentless self-discipline. And laser focus.
This chapter is going to take a drastically different approach from most marketing guides that you’ll read. We’re going to start backwards, with the lessons that most experienced marketers take years to learn. We believe that this approach is the best way to:
(1) move your organization forward while
(2) saving time and
(3) saving money.
Here’s what you need to know, before you even think about running your first online marketing campaign. This chapter will put you light-years ahead of the crowd.
Average marketers think in campaigns. They work all week,
push out a campaign, then start again from scratch next week. That will only
take you so far. To get to the next level, you need to start thinking in
systems and build a marketing machine. This is the only way to 10x your growth
and then 10x it again.
Marketing
Starts with Your Customers
Before jumping into your online marketing strategy, have a conversation with your existing customers.
How did they find out about your product or service? What was the process that transformed them from interested prospects into paying customers? What do your customers value or care about?
Chances are that the answers to these questions have little to do with whether your customers found your company online or in-person. What you’ll likely hear and find most compelling are stories about how your business solved some of your customers’ most pressing problems.
Marketing is about human-to-human relationships and can happen through any online or offline medium. At the end of the day, your customers probably won’t remember whether they found your company through a click on a Facebook ad or through a referral from a friend.
How have you found some of your favorite companies, products, and services?
Develop Your
Customer Personas
There is no
such thing as a one-size-fits-all customer. Your buyers are highly diverse and
will demonstrate their own unique preferences, personality traits, and needs.
Your online marketing initiatives need to reach each and every one of these
customer segments.The first step to any marketing strategy is to establish your customer personas.
These are the behavioral, demographic, and psychological characteristics of your buyers. A quick way to get started is to complete the following worksheet.
Know Your
Buyers’ Paths to Sales
1. What are the most common
ways that prospects find out about your company?
Word
of mouth? Referrals?
Choose
marketing initiatives that amplify what’s already working. If you’re noticing
significant growth due to personal or professional references, you may decide
to implement a formalized referral program to incentivize more opportunities
for connections.
2. What are some of the
initial questions they’re asking?
Incorporate
answers to these questions into your company’s marketing messages, sales
pitches, and value propositions up-front. Anticipate what your prospects want
to know. This strategy will help you build a strong, mutual connection.
3. What is the typical
decision-making process for buying? What kinds of follow-up questions are they
asking, and what types of stakeholders are involved with conversations about
your brand?
Expect
this process to happen incrementally, over some period time. Your marketing
materials should guide your prospects through each stage.
4. How long does the
overall process last? About how much time does each stage take?
Every
marketing initiative should be measurable to assess ROI. You need to make this
judgment call at just the right time. If you measure too early, you may not
have enough data to truly understand the success of your initiative. If you
measure too late, your organization may lose money due to a delay in responding
quickly enough. The best approach is to be realistic about your timing. That
way, you won’t risk making decisions too late or too soon.
5. What are common reasons
why sales don’t happen? Cost? Lack of fit between your product or service and
your prospects’ needs?
Customer
drop-off can happen at every stage of the buying process. By addressing these
problem areas, your company will be well-positioned to keep prospects engaged
longer.
Evaluate Your
Company’s
Conversion Funnel
Keep in mind that conversion funnels vary between organizations and user segments. Your business will likely have more than one.
This
tool will help you visualize and understand user behavior at every stage of your
marketing. A portion of your website visitors will continue on to reach your
final marketing goal. An even bigger portion won’t.
Drop-off
at every stage of the funnel is normal. The key is to understand why drop-off
happens and to minimize it.
So get
together with your sales team, and go back to the drawing board (literally). Conversion
funnel diagrams are invaluable tools for piecing together a comprehensive view
of your prospects’ psychology and path to sales.
Whatever
you do, don’t copy other companies’ diagrams. Your conversion funnel should be
something unique to your company that your marketing leads develop in tandem
with your sales team — if you’re a business owner or entrepreneur, you’re going
to need to wear both hats.
One word of
caution is to be connections-minded. Whatever you do, don’t get bogged down by
anatomical details. The conversion funnel describes a process, but more
importantly, it’s a lens into the human-to-human relationships that your
company is building with your prospects. No matter what you read or what advice
you hear, remember that you are always,
absolutely, and undoubtedly talking about people.Conversion funnels are just as much about emotions as they are about logical decisions. Make sure that you evaluate, analyze, and pay close attention to both.
Know Where
Online Marketing Fits In
Companies
leverage online marketing to accomplish the following types of goals:
1.
Build
brand awareness about products, features, or services
2.
Engage
prospects at both ends of the interest spectrum – when they’re most intrigued
and when they’ve gone cold.
3.
Grow
business with existing customers and clients.
All three of
these aims funnel into the end goal of customer acquisition and growing
revenue.
Know
Your Marketing
Framework
Shooting darts in the dark is not a marketing strategy.
In the last
chapter, we introduced you to the most important rule in marketing. Know your
customers. Who are they? What do they value most? What inspires them? What
brought them to your brand? The list of questions goes on.Take off your marketer-goggles, and start perceiving the world through your most important stakeholder. Your buyer. That means listening more than talking — learning more than teaching or marketing.
It’s this vision that drives the web’s most successful marketing campaigns.
And after reading the last chapter, you’re more than convinced. You’ve deployed customer surveys and hopped on the phone with your most engaged buyers. You’ve written the most in-depth user personas on the planet.
What comes next?
Now, you need to build a scalable, sustainable marketing engine. Think about it:
- You wouldn’t build
a house without a blueprint.
- You wouldn’t start
a business without a business plan.
- You wouldn’t take a
road trip without your navigation system.
- You wouldn’t build
an online app without wireframing the UX.
- And you wouldn’t
spend six figures on a house without knowing what you’re buying.
Whether you’re spending $100 on Facebook ads or $100K on customer education videos, you need a carefully planned strategy. Trust what we say when we tell you that spray and pray is not an effective approach to marketing. Every marketing plan needs to start with the results that you want to achieve. ROI is not a guessing game.
Ignore the
Stereotypes, Think Like a CEO,
and Trust the Numbers You See
Here’s the thing. Online marketing is profit-driven. It’s not an investment, and it’s not an expense. When executed correctly, it works. We know it works because it’s possible to track anything and everything, all the way down to the source of the click that generated the sale. With the right tools and a little bit of creativity, you can prove the value of your marketing. Web analytics are just that robust.
Marketing should command the same amount attention and respect as any high-value business function. You just need to structure your programs around the goals that CEOs and CFO care about most — profits and revenue. As your company’s marketing team lead, the ball is in your court to communicate the value of the results that you’re generating.
The thing about executives is that they don’t care how much web traffic you’re driving. They care about the sales and new business that resulted from your marketing spend. That’s it. If you focus on reporting click data, social media shares, and email open-rates, you’ll have trouble inspiring buy-in from your executive team.
So here what you need to do:
Build a strategy that positions your marketing initiatives as an ROI generating, critical business function.
The problem is, marketers struggle to make this mission-critical connection. Take what marketing leader Andeas Ramos says about content marketing, a technique that we’ll review in chapter 7.
So far, I have not found a single case study that shows
content marketing is successful. I’ve searched the web; I’ve looked at dozens
of “leading websites”; I’ve talked to many people, incl. heads of agencies and
published authors. None of them have been able to give me an example of a
content marketing campaign that showed it was financially success, i.e.,
profitable. Not one.
He summarizes the steps that a meaningful content marketing
study should include. Even though he’s talking specifically about content
marketing, we feel that his tips are channel agnostic and can help boost the
success of any type of online marketing. Here’s what you do to prove your
marketing program’s ROI:
1.
State
the campaign costs
2.
State
the revenues that resulted directly from the campaign
3.
Describe
the tracking process
4.
State
the number of leads and sales generated from the marketing initiative
5.
State
the maximum profitable cost-per-lead (maxCPL)
or cost per acquisition (maxCPA)
6.
Use
statistically meaningful numbers — small sample sizes generate misleading
analyses
7.
Establish
a control group to benchmark the success of your campaigns
Spaner’s team
deployed an email marketing program. Whenever a magnet tool was downloaded, an
e-mail series on that topic was automatically deployed on a pre-determined
schedule.Here was the outcome of his marketing initiatives:
The reason why we’ve walked you through this methodology and example marketing campaign is because we want you to have a full, 360-degree view of what to expect from your marketing strategy. We want you to fully understand the types of results you should expect to see from your investment, so we won’t be shy about throwing information your way.
We want to teach you how to start with your big vision and work backwards to deploy the right initiatives. Keep reading to learn how.
Step 1: Understand
the Value of Timing
Put yourself in place of a customer, and think about the last time you shopped with your favorite online store.
Imagine that you’re shopping for an upcoming vacation. Weeks ahead of schedule, you have plenty of time to make a decision about what you need, but you still see some items that you like.
Within 24 hours, you begin seeing ads for those exact items in your Facebook feed.
It’s game on. You’re ready to buy.
To a casual observer, these promotional efforts seem like convenient coincidences. The reality is the polar opposite.
On the other side of the computer screen is a marketer who is carefully analyzing and responding to your behavior patterns. And it’s not just one marketer. They’ve built entire enterprise systems around the goal of moving customers through the purchase funnel.
The idea is simple: figure how to promote the right products
and brands to the right customers, maximizing revenue in the process. That’s
not a simple problem when you’ve got a
busy website along with 225 stores doing about $10B in sales annually
Whether you’re working for an enterprise brand or running a
small business, you need to remember one key lesson — that timing is absolutely
everything.
Banner
advertisements perform better when shown to audiences who’ve already expressed
interest in buying your product.
Coupon
codes are most relevant to customers who are interested in shopping with your
brand but reluctant (for some
reason or another) to pull the trigger on the purchase.
Email
marketing campaigns are most compelling for customers who’ve subscribed to your
product or brand.
When strategizing
your timing, you need to think beyond basic metrics like time on site, time of
day, day of week, or month of year. What you need to do is sync the timing of
your marketing campaigns to your buyers’ perspectives and psychology.That level of analysis will help your team deliver the right marketing message at just the right time.
Our recommendation is to study your favorite brands across the various marketing channels that they’re leveraging to connect with you. Before you keep reading this guide, try to answer the following question:
How are these marketing programs fitting together to effectively reach you and fellow prospective buyers?
We want you to answer that question before your keep reading this guide. Consider this to be your last exercise from the perspective of a consumer.
Step 2:
Establish
Your Core Marketing Goals
Without clear goals, marketing campaigns have the potential to be dangerous for your business.
If you’re not sure about what you want to achieve with your marketing, you risk wasting time and money — both of which are incredibly scarce resources for your organization.
So what are the types of goals that your business needs to achieve?
You need to focus on objectives that translate directly into ROI for your business.
For example, you may set a goal to acquire new users. Why? Because your business needs paying customers to remain sustainable and grow.
Another goal you might set is to boost shares and follows on Facebook. Why? Because social media engagement generates exposure for your brand. That’s why TOFU Marketing runs facebook ads. To build awareness and interest around its brand.
Let’s take a step away from social media. We’ll get to a more in-depth conversation in later chapters and don’t want to get too ahead of ourselves now.
Goals should be custom-tailored to your business’s revenue objectives. There is no such thing as one-size-fits all approach to determining marketing ROI. You need to really dig deep to understand what objectives your executive team cares about most. Revenue and sales. Your goals can be as straightforward as lead generation, a key framework for moving prospects down the sales pipeline.
Here is an example from NewsCred, a company that helps organizations license content from premium publishers. The company has published an informative homepage to educate audiences about its product. At the bottom of the page is a call-to-action to encourage interested prospects to request more details. This is the absolute first step required to convert interested audiences into paying customers
For CrazyEgg, a core goal of the company blog is to drive free-trial sign-ups. This banner follows users as they scroll through blog content:
But you can’t ignore your business either. To select the right goals, you need to take the following three steps:
1.
Identify
your customers’ needs
2.
Identify
your business’ needs
3.
Connect
the dots so that your company and customers are seamlessly aligned
Here
is an example of how Speak2Leads, a platform that helps sales teams respond to
their leads faster, has established that balance into a cohesive brand
positioning (which they call a
pitch). I (Ritika)
helped the company prepare this to help unify the company’s messaging across
communication platforms. This is a concept we’ll cover in chapter 3.
Step 3: Start
by Asking Questions
In research, statistics, and analysis-driven classes, professors call this concept ‘the research question”, a concept we’ll talk about in chapter X when we dive into your analytics strategy.
1. What are your company’s
strategic goals right now?
Are
you hoping to promote visibility or generate leads to your business? Or maybe,
you’re hoping to do both. What’s important to consider is that some marketing
programs are better fits for your specific goals than others. That’s why you
should understand what your company needs right now. It may make sense to focus
on traffic generation efforts first and then invest in an explainer video in a
few weeks. Especially as you’re just starting out, you may need to stagger your
marketing spend.
2. How much can your
company afford to invest in marketing upfront?
It’s
very rare that you will get your marketing system right on the first go. You
need to run tests to see what works before committing to scaling your programs (chapter 7). The good news is
that you can get started with $100 or less. This level of spend will help you
generate actionable learnings, which you can reinvest in refining your
marketing strategy. The bad news is that without direction, $100 here and there
can quickly add up. At the very beginnings of your marketing program, you’ll be
taking an upfront loss to gather learnings.
3. Who are your internal
stakeholders?
Answer
this question to help your team understand what results you need to drive and
how to communicate results as effectively as possible.
4. What types of results
can we realistically expect to achieve?
If
you think that marketing with transform your brand into an overnight Hollywood
success story, you’re dreaming. Viral campaigns don’t happen by accident. They
require careful, behind-the-scenes planning. Marketing isn’t magic. You need to
set direct and tangible expectations that align with the resources you’re
willing to commit to your marketing programs. A good way to start answering
this question is to research case studies from brands with business models and
budgets that similar to yours. Remember that you need to do more than just
replicate campaigns that you like. You need to adapt your marketing approach to
your business’s exact needs.
Take the case
of Speak2Leads. This company is
trying to solve a key problem in the CRM world — that organizations take too
long to connect with their leads and prospects.As an early stage startup, Speak2Leads as one core need — to acquire as many high-potential leads as possible.
A key challenge that Speak2Leads faces is that the product is relatively novel. Many of the company’s prospects are problem-aware but don’t necessarily know which solutions are most valuable to pursue. Speak2Leads is tough to describe into a few short and sweet sentences, which is why the company’s marketing team has decided to send prospective customers directly to the product demo page:
Rather than leaving your customers hanging to simply ‘figure it out,’ take a lesson from Speak2Leads to make the customer acquisition process as interactive as possible.
Step 4:
Connect the Dots with Your Customers
Marketing should follow the consumer purchase cycle. These are the steps that prospects take to become customers and that customers take to become repeat buyers.
It’s best to compartmentalize campaigns into the following key categories:
Awareness
- Connect new
prospects with your brand.
- Make sure that
existing customers are looped in regarding new products and services.
Engagement
- Keep new prospects
interested in your company, products, and services.
- Make sure that
existing customers continue to re-engage with your marketing materials and
rely on your company as a trusted resource.
Decision
- Reach new prospections
at the key points of decision, when they may be considering a competitor
over you.
- Reach prospects
when they are considering a product but unsure of whether to buy it now or
later.
- Connect with
existing customers when they are shopping around for add-on products and
services.
Retention
- Promote long-term
brand loyalty.
- Connect with
existing customers when they are shopping around for add-on products and
services.
- Prevent drop-off
and churn at all stages of the purchase cycle.
Remember this framework, as we’ll use it to guide our marketing channel discussions in later chapters. Feeling lost? Fear not. This discussion is a segway to the next few chapters, which focus on traffic acquisition and conversion optimization. Let’s get to it.
Key Takeaways
Before you move
on to the next chapter, be sure to remember the following concepts:- Every marketing
campaign needs to be part of a goals-driven framework. Know what your
company wants to achieve before just jumping in with a test or marketing
spend. Be as educated and strategic in your decisions as possible, even if
your intent is to simply try something new or learn.
- Remember that
timing is everything. Strong marketing frameworks are built around
delivering the right message to the right audiences at exactly the right
time. Do not underestimate the power of this statement.
- Start by listening
and asking questions. Learn what your customers need, and take the time to
understand your company’s most pressing priorities. The marketer’s job is
to create connections between your brand and customers.
- Remember that your
marketing initiatives will fall into the following core areas: awareness,
engagement, decision, and retention. Understand which of these four
functional areas are most important to your business and why. Make sure
that your marketing campaigns align with the goal that are most important
for your business to achieve right now, in the medium term, and down the
road.
Tell
Your
Brand’s Story
Human-to-human
connections are the heart and soul of business. At the end of the day, you’re
dealing with people — your company is solving problems, alleviating pain
points, and providing delightful customer experiences. Revenue is something
that happens as a byproduct of a sound business model and a positive customer
experience.Storytelling is a powerful technique for building relationships. It’s an age-old concept that brings people together and keeps them engaged. It doesn’t matter where in the world you’re based or how much funding your startup has.
Good stories give big voices to small ventures. That’s why it’s mission-critical that companies take the time up front to fully develop their approaches to storytelling.
Good writing and content strategy makes products, and the marketing of those products, much better. When we do our jobs well, the things we launch are easier and more fun to use. We’ve seen how changing copy can positively impact sign-ups, engagement and sentiment.
Storytelling and marketing go hand-in-hand. Just think about it. Whether you’re producing infographics, writing copy for a Facebook ad, or writing a free online guide (like this one), you need to capture your audience’s attention.
On a daily basis, consumers (yourself included) face advertising overload. Marketers are constantly competing for their prospects’ and customers’ attention. More likely than not, your brand will be buried under spammy advertising messages.
How can you make your brand stand out? Storytelling.
Chapter 3 is an all-inclusive guide that explains why your brand should prioritize storytelling and how your organization should get started. This is not fluffy stuff, either. Storytelling is a powerful and actionable marketing technique. Convinced? Let’s get to it.
Forget about
marketing
This may sound
counterintuitive, but it’s the key to successful marketing. Stop thinking like
a marketer. Stop trying to sell your product, and instead, focus on developing
human interest. Answer the question of why people should care about what your
company has to say.That means being persuasive and appealing to emotion.
Brand stories are not marketing materials. They are not ads,
and they are not sales pitches. Brand stories should be told with the brand
persona and the writer’s personality at center stage. Boring stories won’t
attract and retain readers, but stories brimming with personality can.
Whatever you
do, don’t be boring.
Do not let the words on your page hide the personalities behind your
organization.Share more than what you sell. Share your strengths, weaknesses, and how you arrived at where you are today. One way to do this is by participating in the storytelling ecosystem. Just as you’re looking for customer testimonials and case studies, make sure to pay it forward — like what Buffer did for KISSmetrics:
Be conversational
Authenticity is
crucial to copywriting. If you’re overly formal or on guard, you’ll lose trust
with your audience. And that’s because consumers can sense disingenuous
messaging from miles away. From awkward stock photos with fake customers to
false promises, empty messaging can only hurt your brand.Be real instead. Be human.
Pretend that you’re talking to a new friend over drinks or coffee — not giving an academic presentation in 1862. If you talk down your customers and prospects (or show any indication of lack of respect), they’re going to stop listening immediately.
Honesty and transparency are important in brand storytelling.
Yes, you’re crafting ‘stories,’ but they need to be rooted in the reality of
your brand, products, and industry.
Don’t dwell
over whether or not you’re using perfect grammar. You can always hire a
copywriter for that. Stop worrying about the occasional misplaced commas. Focus
on developing your messaging instead.Conversational writing also means keeping it short. Write what you want to say. Get it all on paper. Then cut it. And cut it again. Stop trapping yourself into the mentality that you need a minimum word count to convey information effectively.
Write what you feel like writing — with the exception that you can’t let your stories get too long and unwieldy. Too much writing on a blog post or webpage will make your readers feel distracted or lost. Say what you need to say in as few words as possible. There’s no need to try to sound smart. If you build a great product, your customers and prospects will perceive your company as incredibly smart.
The main culprit, in my view, is the loathsome college
essay. Only in college are we forced to write a paper at a certain length. We
develop strategies that balloon our paragraphs so we can fill out eight, 10, or
12 pages. You don’t need to write a lot or use big words to sound smart.
Choose Your
Words Wisely
What you say is
just as important as how you say it. Make sure you’re using the tone, voice,
and communication style that your audiences value most.How do you know what this should be and what words you should choose?
Jump back to chapter 1, where we walk through the art meets science of knowing your audience.
If you’re speaking to an audience of millennials, for instance, they tend to embrace a casual, conversational tone and style — more so than an audience of baby boomers would.
Again, unless you were a college English major (like Ritika was), the concepts of voice, tone, and style are really vague. How the heck do you put it all on paper?
What you need is a styleguide to provide instructions for all of your on-site and off-site brand communications. Get started by completing the following template:
Example
Brand Styleguide
1.
Goal of website section:
Jot
some notes about what your website visitors should hope to accomplish when
visiting your website.
2.
Audience:
Who
do you expect to be engaging with these specific website sections?
3.
Core concepts to be reinforced:
What
do you want your audiences to feel after visiting this section of your website
or piece of writing?
4.
Tone:
What
emotions should come across after somebody reads this story or section of your
website?
5.
Perspective:
Do
you want your writers to communicate in the first, second, or third person? Who
is telling the story?
6.
Voice
Should
the language be conversational, formal, or somewhere in between?
Your brand
styleguide and message architecture can be custom-tailored to any form of
multimedia, beyond writing. Whether you’re producing infographics, brand
videos, e-books, or blog posts, your plans will ensure that your messaging is
consistent across mediums. Writing is only one form of online communication.
Make sure that you invest the time in energy in creating structure behind
everything that you produce online.
Key Takeaways
- Human-to-human
connections are the heart of marketing. Brand storytelling is a technique
that can reinforce these bonds.
- Stories can give
your brand a powerful voice, regardless of whether you’re running an
enterprise organization, small business, or startup.
- Storytelling is
medium-agnostic. Tell your story through blog posts, customer help
centers, about pages, videos, or infographics.
- You need to
formalize your brand story to build connections both on and off your site,
especially if your company is actively building a PR strategy.
- Storytelling is
more than what you say explicitly. It’s how you communicate your message
and how you connect with your target audiences.
- Storytelling
concepts are vague, abstract, and tough to plan. Rely on card sorting
exercises, message architecture maps, and brand styleguides to articulate
your strategy and scale it across teams.
- Brand stories are
cross-functional commitments that should guide your entire organization.
Your sales team, engineers, product managers, executives, and entry-level
professionals should all have a hand in articulating your brand’s
messaging.
- Who defines your brand? Your customers. Study and truly understand what they’re saying about you. Identify patterns, and hold these concepts as close to your heart as possible.
online marketing strategics
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