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BOOTSTRAP
MARKETING
Brandon T. Luong, Founder
Guanxi Innovations
@BrandonTLuong
AGENDAAGENDA
‣ Brand-Marketing Strategy
‣ Marketing Implementation
‣ Analyze & Adjust
BRAND-MARKETING STRATEGY
BOOTSTRAP MARKETING
@BrandonTLuong
BRAND-MARKETING STRATEGY
A brand is the set of expectations, memories,
stories and relationships that account for a
consumer’s decision to choose one product
or service over another. If the consumer
doesn’t pay a premium, make a selection or
spread the word, then no brand value exists
for that consumer.
“
”- Seth Godin
BRAND-MARKETING STRATEGY
The aim of marketing is to
know and understand the
customer so well the product
or service fits him and sells
itself.
“
”- Peter Drucker
BRAND-MARKETING STRATEGY
Branding
‣ Strategy
‣ Sets company image
guidance
‣ Gathers consumer
intelligence second hand
Marketing
‣ Tactical
‣ Delivers company’s
message to target consumer
‣ Gathers consumer
intelligence directly from
source
vs
BRANDING VS MARKETING
BRAND-MARKETING STRATEGY
Bootstrap Marketing
noun
A tactical marketing plan giving the maximum ROI (Return on
Investment) at the lowest cost while aligning with the brand’s goals
BRAND-MARKETING STRATEGY
APPROACHES ON MARKETING PLAN
1 2 3
General Marketing Campaigns Product Marketing
‣ Year Round
‣ Relatively static
‣ Flexibility in adjust
‣ Set period of time
‣ Fast pace
‣ Long term planning
in short time
‣ Set period of time
‣ Fast/Slow pace
depending on
product
‣ Possibility of reusing
tactics again
BRAND-MARKETING STRATEGY
Ensure marketing reflects the brand
FIRST STEPS IN DEVELOPING MARKET PLAN
1 Outline the goal(s) of the marketing plan
Metrics to validate the resources used in marketing2
3
BRAND-MARKETING STRATEGY
Specific Measurable Attainable Realistic Timely
S M A R T
BE SMART AS TO REACH OBJECTIVES
*There are other frameworks you can use
BRAND-MARKETING STRATEGY
EFFECTIVELY CAPTURE CLIENTS USING CUSTOMER
PERSONA SCENARIOS
‣ Pit customer persona development to SMART framework
‣ Allows companies to understand who are their target audience, also discover
pivots sooner
‣ Gives insights on customers and how to persuade them to buy
‣ Lowers cost in customer acquisition, lifecycle and other costs
BRAND-MARKETING STRATEGY
CUSTOMER PERSONAS AND SMART LIMITS
UNNECESSARY EFFORTS
EX: Pick channels that are most relevant to your clients, and not profiles on every
single social network
BRAND-MARKETING STRATEGY
HEADER 2
EXERCISE
1) Identify company’s value, swag, culture and overall brand
2) Develop consumer persona
3) Select channels based on your targets’ behaviors
MARKETING IMPLEMENTATION
BRANDON T. LUONG
@BrandonTLuong
BRAND-MARKETING STRATEGY
STRATEGY MEANS NOTHING WITHOUT NUMBERS
‣ After establishing customer criteria, have metrics in place
‣ Know the real marketing cost: customer acquisition, lifetime value, marketing-
sales conversion, etc.
CAC =
MCC
CA
CAC – Customer Acquisition Cost
MCC – total Marketing Campaign Cost
CA – total Customers Acquired
BRAND-MARKETING STRATEGY
Real Formula for CAC
CAC =
MCC + W + S + PS + O
CA
CAC – Customer Acquisition Cost
MCC – total Marketing Campaign Cost
W - Wages
S – cost of all marketing/sales Software
PS – additional Professional Services
O – Overhead
CA – Customers Acquired
BRAND-MARKETING STRATEGY
Customer LifeTime Value cost
LTV = S x R x T
LTV = LifeTime Value
S – average value of a S
R – number of Repeated transactions
T – average retention Time in months or
years for a typical customer
BRAND-MARKETING STRATEGY
A/B TESTING HELPS MARKETERS PIVOT THEIR STRATEGY
‣ Altering colors or layout may increase engagement
‣ Reveal which method is most effective
‣ Enables marketers to change strategy on the fly
BRAND-MARKETING STRATEGY
IDENTIFY AREAS OF NEEDED MARKETING $
‣ Identify highest purchasing seasons according to market
‣ Budget total year, and how much goes into each
‣ Formula:
Budget = Digital + Physical + Software + Wages + Misc.
BRAND-MARKETING STRATEGY
HEADER 2
EXERCISE
1) Review customer persona
2) Create several “Facebook Ads” for A/B testing
3) Class poll to see which ads are more effective
Constraints:
- Header is 25 characters
- Body is 90 characters
*Disclaimer: Facebook has an image – text ratio of 20%, but who cares for this exercise
ANALYZE & ADJUST
BRANDON T. LUONG
@BrandonTLuong
ANALYZE & ADJUST
‣ Review the numbers to adjust the plan
‣ Monitor and comprehend analytics as to avoid the red
‣ Ensure digits are align with goals
DON’T EFF UP; ADJUST ACCORDING TO NUMBERS
SUMMARY
‣ Frameworks are your friends
‣ Thy shall know the numbers
‣ Strategy  Implementation  Pivot  Repeat
‣ Body Level One
‣ Body Level Two
‣ Body Level Three
‣ Body Level Four
‣ Body Level Five
‣ Body Level One
‣ Body Level Two
‣ Body Level Three
‣ Body Level Four
‣ Body Level Five
THANKS!
‣ Body Level One
‣ Body Level Two
‣ Body Level Three
‣ Body Level Four
‣ Body Level Five
BRANDON T. LUONG
‣ Body Level One
‣ Body Level Two
‣ Body Level Three
‣ Body Level Four
‣ Body Level Five
‣ Brandon@guanxiinnovations.com
‣ @BrandonTLuong
‣ Luong.webflow.com

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Bootstrap Marketing

  • 1. BOOTSTRAP MARKETING Brandon T. Luong, Founder Guanxi Innovations @BrandonTLuong
  • 2. AGENDAAGENDA ‣ Brand-Marketing Strategy ‣ Marketing Implementation ‣ Analyze & Adjust
  • 4. BRAND-MARKETING STRATEGY A brand is the set of expectations, memories, stories and relationships that account for a consumer’s decision to choose one product or service over another. If the consumer doesn’t pay a premium, make a selection or spread the word, then no brand value exists for that consumer. “ ”- Seth Godin
  • 5. BRAND-MARKETING STRATEGY The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself. “ ”- Peter Drucker
  • 6. BRAND-MARKETING STRATEGY Branding ‣ Strategy ‣ Sets company image guidance ‣ Gathers consumer intelligence second hand Marketing ‣ Tactical ‣ Delivers company’s message to target consumer ‣ Gathers consumer intelligence directly from source vs BRANDING VS MARKETING
  • 7. BRAND-MARKETING STRATEGY Bootstrap Marketing noun A tactical marketing plan giving the maximum ROI (Return on Investment) at the lowest cost while aligning with the brand’s goals
  • 8. BRAND-MARKETING STRATEGY APPROACHES ON MARKETING PLAN 1 2 3 General Marketing Campaigns Product Marketing ‣ Year Round ‣ Relatively static ‣ Flexibility in adjust ‣ Set period of time ‣ Fast pace ‣ Long term planning in short time ‣ Set period of time ‣ Fast/Slow pace depending on product ‣ Possibility of reusing tactics again
  • 9. BRAND-MARKETING STRATEGY Ensure marketing reflects the brand FIRST STEPS IN DEVELOPING MARKET PLAN 1 Outline the goal(s) of the marketing plan Metrics to validate the resources used in marketing2 3
  • 10. BRAND-MARKETING STRATEGY Specific Measurable Attainable Realistic Timely S M A R T BE SMART AS TO REACH OBJECTIVES *There are other frameworks you can use
  • 11. BRAND-MARKETING STRATEGY EFFECTIVELY CAPTURE CLIENTS USING CUSTOMER PERSONA SCENARIOS ‣ Pit customer persona development to SMART framework ‣ Allows companies to understand who are their target audience, also discover pivots sooner ‣ Gives insights on customers and how to persuade them to buy ‣ Lowers cost in customer acquisition, lifecycle and other costs
  • 12. BRAND-MARKETING STRATEGY CUSTOMER PERSONAS AND SMART LIMITS UNNECESSARY EFFORTS EX: Pick channels that are most relevant to your clients, and not profiles on every single social network
  • 13. BRAND-MARKETING STRATEGY HEADER 2 EXERCISE 1) Identify company’s value, swag, culture and overall brand 2) Develop consumer persona 3) Select channels based on your targets’ behaviors
  • 14. MARKETING IMPLEMENTATION BRANDON T. LUONG @BrandonTLuong
  • 15. BRAND-MARKETING STRATEGY STRATEGY MEANS NOTHING WITHOUT NUMBERS ‣ After establishing customer criteria, have metrics in place ‣ Know the real marketing cost: customer acquisition, lifetime value, marketing- sales conversion, etc. CAC = MCC CA CAC – Customer Acquisition Cost MCC – total Marketing Campaign Cost CA – total Customers Acquired
  • 16. BRAND-MARKETING STRATEGY Real Formula for CAC CAC = MCC + W + S + PS + O CA CAC – Customer Acquisition Cost MCC – total Marketing Campaign Cost W - Wages S – cost of all marketing/sales Software PS – additional Professional Services O – Overhead CA – Customers Acquired
  • 17. BRAND-MARKETING STRATEGY Customer LifeTime Value cost LTV = S x R x T LTV = LifeTime Value S – average value of a S R – number of Repeated transactions T – average retention Time in months or years for a typical customer
  • 18. BRAND-MARKETING STRATEGY A/B TESTING HELPS MARKETERS PIVOT THEIR STRATEGY ‣ Altering colors or layout may increase engagement ‣ Reveal which method is most effective ‣ Enables marketers to change strategy on the fly
  • 19. BRAND-MARKETING STRATEGY IDENTIFY AREAS OF NEEDED MARKETING $ ‣ Identify highest purchasing seasons according to market ‣ Budget total year, and how much goes into each ‣ Formula: Budget = Digital + Physical + Software + Wages + Misc.
  • 20. BRAND-MARKETING STRATEGY HEADER 2 EXERCISE 1) Review customer persona 2) Create several “Facebook Ads” for A/B testing 3) Class poll to see which ads are more effective Constraints: - Header is 25 characters - Body is 90 characters *Disclaimer: Facebook has an image – text ratio of 20%, but who cares for this exercise
  • 21. ANALYZE & ADJUST BRANDON T. LUONG @BrandonTLuong
  • 22. ANALYZE & ADJUST ‣ Review the numbers to adjust the plan ‣ Monitor and comprehend analytics as to avoid the red ‣ Ensure digits are align with goals DON’T EFF UP; ADJUST ACCORDING TO NUMBERS
  • 23. SUMMARY ‣ Frameworks are your friends ‣ Thy shall know the numbers ‣ Strategy  Implementation  Pivot  Repeat
  • 24. ‣ Body Level One ‣ Body Level Two ‣ Body Level Three ‣ Body Level Four ‣ Body Level Five ‣ Body Level One ‣ Body Level Two ‣ Body Level Three ‣ Body Level Four ‣ Body Level Five THANKS! ‣ Body Level One ‣ Body Level Two ‣ Body Level Three ‣ Body Level Four ‣ Body Level Five BRANDON T. LUONG ‣ Body Level One ‣ Body Level Two ‣ Body Level Three ‣ Body Level Four ‣ Body Level Five ‣ Brandon@guanxiinnovations.com ‣ @BrandonTLuong ‣ Luong.webflow.com