SlideShare a Scribd company logo
1 of 4
Download to read offline
STRATEGY
SUCCESSFUL
MARKETING
STARTS WITH A
STRATEGY
315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com
MARKETING
WEBSITES
BLOGS
PODCASTS
SEO
SOCIALMEDIA
There was a time when nurturing
relationships involved scheduling
more date nights, and drips were
simply annoying plumbing issues.
Of course, as any savvy marketer
knows, in today’s world, nurturing
or drip marketing can be a
powerful tool to grow your
business, which involves
sending or“dripping”messages
to customers or prospects over
time. In other words, marketing ain’t what it used to be.
In fact, some experts say marketing is evolving faster
than universities can develop new courses to teach the
next generation of marketers—they are essentially
learning on the job.
What’s New (and What’s Not)
The most significant change that marketers face is a shift in power:
the buyer is now in control. Consumers gather information and want
relevant, personalized conversations on their own time frame. Thank-
fully, businesses have the tools to reach both existing and potential
customers on a one-to-one basis, understand where they are in the
buying process, and pull them in through engaging dialogue. Instead
of interacting with someone from your company, a customer’s first
touchpoint with your business is likely to be your website, an email,
or another form of inbound marketing. Therefore, it’s critical to have
your digital messaging“on point”to attract customers and guide them
through the buying journey.
Power Shift: Business is now buyer-centric. 86% of consumers
stated that using a search engine allowed them to learn some-
thing new or important that helped him/her increase his/her
knowledge about a product before buying.
(Pew Research Center, Search Engine Use, 2012)
Inbound marketing is promoting a company through websites, blogs, podcasts,
white papers, SEO, social media, and other forms of content marketing, which serve
to attract customers through the different stages of the purchase funnel. (Wikipedia)
STRATEGY
SUCCESSFUL
MARKETING
STARTS WITH A
STRATEGY
315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com
As John Rampton writes in Forbes,1
“Con-
tent is one of the most important ways
to get your company noticed these days.
Whether it’s by maintaining a blog, an ins-
tagram account, or videos, using content
to market your product can be extremely
helpful. However, everyone is starting to
get on the content marketing train, and
customers are bombarded with ads and
content more than ever. Therefore, you
need to make sure your content stands
out by maintaining a high bar of quality.”
Your goal should be to create content
that positively impacts your SEO (search
engine optimization) results and draws
customers in. This is important because
according to MDG Advertising, 57.4% of
B2B companies say SEO has the biggest
impact on their lead generation goals.
But wait, we’re getting ahead of ourselves
… let’s back up the proverbial search
engine and start at the beginning.
Before you can begin developing and
distributing content, you need a plan. As
much as the marketing landscape has
changed, there is one thing that remains
the same: the importance of an overall
marketing strategy. You may have the
best product in the world or the most
stellar service, but without effective
marketing strategies, no one will know.
Let’s face it, you can send out more
tweets than a bird sanctuary; you can
post, blog, and produce award-winning
videos and still not achieve the results
you want, which are typically better ROI,
higher sales, and business growth. Even
the most fabulous trade show or webinar
is meaningless if it doesn’t reach the right
targets at the right time, and there are no
means to follow up with prospects. The
truth is, without an overall plan, it’s highly
unlikely that you are optimizing your
resources. It’s a bit like shooting a bunch
of arrows into the sky and hoping they
hit the right targets—without injuring or
annoying anyone in the process.
A Well-Oiled Machine
It might be helpful to think of the market-
ing process as a large piece of machinery.
The machine represents a huge invest-
ment, and when it’s running properly
it produces efficiently. However, most
machines are made up of hundreds, if not
thousands of separate components. No
matter how state-of-the-art the machine
is, if one part is out of alignment, the
entire system is negatively affected.
In the same way, a great marketing strat-
egy requires each component to work
together, in tandem, to produce opti-
mal results. For instance, a well-defined
company vision or mission statement is
the power source that sets the machine in
motion. The vision shapes the long-term
goals, which, in turn, drive short-term
goals. Likewise, a company’s strengths
and competitive advantages, along with
a strong brand image, naturally mold the
central message, which triggers meaning-
ful content. This content, when delivered
to the right audience, at the right time,
turns leads into customers. Instead of
producing widgets, this marketing ma-
chine generates sales and growth.
Creating a Strategy
It may sound old school, but a good over-
all marketing strategy begins with the
basics. Remember the“four Ps”or market-
ing mix—product, price, placement, and
promotion? Today, some would add the
importance of a fifth“P”—positioning.
These are still relevant, because you can’t
market what you don’t fully understand.
Though marketing plans can differ greatly
from company to company, they generally
include the following elements:
1.	 Executive Summary. This section typi-
cally appears first, but is written last as
it summarizes the other elements into
a succinct analysis.
2.	 Business Description. This is some-
times referred to as the“elevator
pitch,”because it clearly and concisely
describes your business to others.
Therefore, an employee could deliver
this description to someone in an
elevator or perhaps waiting in line for
a latte.
3.	 Company Vision or
Mission Statement.
This explains what
your business is try-
ing to do. It can help
guide and inspire
employees and give
investors, partners, and customers a
feel for your overall goals. (It can also
be the theme for a really great
company party!)
STRATEGY
SUCCESSFUL
MARKETING
STARTS WITH A
STRATEGY
315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com
4.	 SWOT or SCOPE. For years, this
section was called the SWOT analysis
(strengths, weaknesses, opportunities,
threats). Today, there is an updated
approach that looks at:
		 •	 Situation—an analysis of internal 	
		 or external environmental factors 	
		 that may impact your business.
		 •	 Core Competencies—that 		
		 define your company’s unique 	
		 strengths and abilities, or the 	
		 basis for added value to custom-	
		 ers and competitive advantages.
		 •	 Obstacles—potential issues and 	
		 threats that could negatively 	
		 impact your business.
		 •	 Prospects—the possibilities 	
		 and opportunities, both
		 internal and external, that may 	
		 enhance sales or profitability by 	
		 leveraging your Core
		 Competencies.
	 •	 Expectations—the anticipated 	
		 developments, market conditions, 	
		 competition, etc. that could in-	
		 fluence or impact your plans to 	
		 meet the identified Prospects.
Whichever approach you use, the idea
is to take an honest assessment of your
business, identify opportunities and
advantages, determine your unique
selling position (USP), and then use this
information to derive a central marketing
message.
5.	 Company Goals—both long and
short term.
6.	 KeyPerformanceIndicators(KPIs)—
that measure
success for your
particular company.
When you know
how your business
is performing, you
can make adjust-
ments as needed.
7.	 Environmental Analysis—defines
your competition and identifies eco-
nomic forces, regulations, emerging
technologies, cultural trends, etc. that
may impact your business.
8.	 Marketing Objectives and
Performance—based on environ-
mental and SWOT or SCOPE analysis,
along with your company goals.
9.	 Marketing Strategies and
Implementation
		 •	 Outline the four Ps.
		 •	 Identify your target markets, using 	
		 demographic, psychographic, and 	
		 product usage research.
		 •	 Create an outline of activities, 	
		 responsibilities, and a timetable 	
		 for completion.
		 •	 Evaluation—also known 		
		 as “where the rubber meets the 	
		 road!”
		 •	 Prospects—the possibilities 	
		 and opportunities, both
		 internal and external, that may 	
		 enhance sales or profitability by 	
		 leveraging your Core
		 Competencies.
Obviously, this a brief overview of a
complex task. It requires input from many
departments, customer feedback, and
research. It may also be wise to enlist the
aid of an outside agency to develop an
overall strategy or perhaps revamp an
existing strategy (you know, the one in a
long-forgotten binder sitting on a dusty
shelf!). A third party can bring a fresh
perspective to the table and oftentimes
provide a“reality check”—offering
suggestions that employees can’t see (or
don’t dare comment on).
An Ongoing Process
Keep in mind, once you develop your
marketing strategy, you’re not done. An
effective strategy should provide a daily,
monthly, and yearly roadmap for your
business; gauge performance; and create
accountability. It should remain flexible
to changes within the marketplace and
may require tweaking, just like a ma-
chine requires regular maintenance. A
well-developed plan can also help outside
vendors, such as marketing automation
companies, build systems to match com-
pany goals.
Marketing has always been part art and
part science. It involves creative, inno-
vative thinking, as well as solid research,
data analysis, and metrics, because when
all is said and done, results should be
measurable. Marketing has also always
been multifaceted—we simply have
more tactics and channels at our disposal.
This abundance of choices makes an even
stronger case for having a clear direction,
because as Yogi Berra once said,“You’ve
got to be very careful if you don’t know
where you’re going because you might
not get there.”
STRATEGY
SUCCESSFUL
MARKETING
STARTS WITH A
STRATEGY
315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com
Case Study: Cisco, a network equipment
vendor, began experiencing a major turn-
around in 2012, after several rough years.
In an unprecedented move, Cisco’s CEO
at the time, John Chambers, changed the
company’s overall strategy. First he lowered
the cost structure, making the company
more competitive, and then he made the
company more “shareholder friendly” by
committing a return of at least half of the
company’s profits to shareholders.
1
“6 Marketing Tips for New Companies
from Successful CEOs,”by John Rampton;
Forbes, July 8, 2015.
Other Sources:
“5 Companies with Inbound Marketing
Strategies that Work,”by David Klein, 2012,
co-founder of Orange Line, a leading
inbound marketing consultancy.
MDG Advertising, 2013
Pew Research Center, Search Engine Use,
2012
Sample Marketing Plans, Houghton Miff-
lin Company
“SWOT Alternative—The SCOPE Planning
Model,”Get2Growth, 2015.
However, the most important factor, ac-
cording to Shaw Woo, a senior technology
analyst at Sterne Agee was “taking advan-
tage of the Cloud and mobile devices.” The
company made a switch from conventional
advertising to brand journalism, which is
helping consumers envision the potential
improvement Cisco’s products can bring
to their lives. For instance, the company
published a collection of My Networked
Life video documentaries on their web-
site and publicized them through social
media. The videos told stories of how young
professionals, entrepreneurs, artists, and
students are using connected technology to
achieve goals and realize dreams, helping
to reinforce the company’s “human” image.
Current video documentaries feature
customer success stories, highlighting how
Cisco can help companies stay ahead in a
rapidly changing digital world. The com-
pany ended its 2015 fiscal year with record
revenues of $49.7 billion.
CASE
STUDY

More Related Content

What's hot

Increasing sales in 2017
Increasing sales in 2017Increasing sales in 2017
Increasing sales in 2017Mark Burns
 
The Complete Guide to Developing a Marketing Budget
The Complete Guide to Developing a Marketing BudgetThe Complete Guide to Developing a Marketing Budget
The Complete Guide to Developing a Marketing BudgetRichard Hatheway
 
Building the Marketing Plan: A Blueprint for Start-ups
Building the Marketing Plan: A Blueprint for Start-upsBuilding the Marketing Plan: A Blueprint for Start-ups
Building the Marketing Plan: A Blueprint for Start-upsHubSpot
 
Marketing Plan Basics-101
Marketing Plan Basics-101Marketing Plan Basics-101
Marketing Plan Basics-101Ron Proctor
 
Marketing Plan Presentation Template 2018
Marketing Plan Presentation Template 2018Marketing Plan Presentation Template 2018
Marketing Plan Presentation Template 2018Demand Metric
 
The Optimal Marketing Agenda at Sales Kickoff
The Optimal Marketing Agenda at Sales KickoffThe Optimal Marketing Agenda at Sales Kickoff
The Optimal Marketing Agenda at Sales KickoffFour Quadrant LLC
 
52 Social Media Strategies To Explode Your 2014
52 Social Media Strategies To Explode Your 201452 Social Media Strategies To Explode Your 2014
52 Social Media Strategies To Explode Your 2014Clement Wong
 
Guide to developing_a_marketing_plan
Guide to developing_a_marketing_planGuide to developing_a_marketing_plan
Guide to developing_a_marketing_planKishore Pk
 
What Makes a Great Sales Playbook?
What Makes a Great Sales Playbook?What Makes a Great Sales Playbook?
What Makes a Great Sales Playbook?Carrie Morgan
 
The CMO's Guide to Marketing Org Structure
The CMO's Guide to Marketing Org StructureThe CMO's Guide to Marketing Org Structure
The CMO's Guide to Marketing Org StructureHubSpot
 
SIM Strategic Marketing forum 14-15 July
SIM Strategic Marketing forum 14-15 JulySIM Strategic Marketing forum 14-15 July
SIM Strategic Marketing forum 14-15 JulyINVITRO INNOVATION
 
Betting Industry Guide: How to Structure Your Marketing Team
Betting Industry Guide: How to Structure Your Marketing TeamBetting Industry Guide: How to Structure Your Marketing Team
Betting Industry Guide: How to Structure Your Marketing TeamThe Unit
 
Interactive Marketing ~ business development process (selling steps included!)
Interactive Marketing ~ business development process (selling steps included!)Interactive Marketing ~ business development process (selling steps included!)
Interactive Marketing ~ business development process (selling steps included!)Lynn Holley III
 
Marketing Strategy Versus Marketing Plan
Marketing Strategy Versus Marketing PlanMarketing Strategy Versus Marketing Plan
Marketing Strategy Versus Marketing PlanInsivia
 
Pf found sample_mkt_plan
Pf found sample_mkt_planPf found sample_mkt_plan
Pf found sample_mkt_planNoor Mazriha
 
Business Strategy & Alignment to Project Management
Business Strategy & Alignment to Project ManagementBusiness Strategy & Alignment to Project Management
Business Strategy & Alignment to Project ManagementJonathan Donado
 

What's hot (20)

Increasing sales in 2017
Increasing sales in 2017Increasing sales in 2017
Increasing sales in 2017
 
The Complete Guide to Developing a Marketing Budget
The Complete Guide to Developing a Marketing BudgetThe Complete Guide to Developing a Marketing Budget
The Complete Guide to Developing a Marketing Budget
 
Building the Marketing Plan: A Blueprint for Start-ups
Building the Marketing Plan: A Blueprint for Start-upsBuilding the Marketing Plan: A Blueprint for Start-ups
Building the Marketing Plan: A Blueprint for Start-ups
 
How To Write A Killer Marketing Plan
How To Write A Killer Marketing Plan How To Write A Killer Marketing Plan
How To Write A Killer Marketing Plan
 
CMO_FA
CMO_FACMO_FA
CMO_FA
 
Marketing Plan Basics-101
Marketing Plan Basics-101Marketing Plan Basics-101
Marketing Plan Basics-101
 
Marketing Plan Presentation Template 2018
Marketing Plan Presentation Template 2018Marketing Plan Presentation Template 2018
Marketing Plan Presentation Template 2018
 
The Optimal Marketing Agenda at Sales Kickoff
The Optimal Marketing Agenda at Sales KickoffThe Optimal Marketing Agenda at Sales Kickoff
The Optimal Marketing Agenda at Sales Kickoff
 
52 Social Media Strategies To Explode Your 2014
52 Social Media Strategies To Explode Your 201452 Social Media Strategies To Explode Your 2014
52 Social Media Strategies To Explode Your 2014
 
GTM Plan Strategy - Digital Marketing
GTM Plan Strategy - Digital MarketingGTM Plan Strategy - Digital Marketing
GTM Plan Strategy - Digital Marketing
 
Business Marketing Strategy Development
Business Marketing Strategy DevelopmentBusiness Marketing Strategy Development
Business Marketing Strategy Development
 
Guide to developing_a_marketing_plan
Guide to developing_a_marketing_planGuide to developing_a_marketing_plan
Guide to developing_a_marketing_plan
 
What Makes a Great Sales Playbook?
What Makes a Great Sales Playbook?What Makes a Great Sales Playbook?
What Makes a Great Sales Playbook?
 
The CMO's Guide to Marketing Org Structure
The CMO's Guide to Marketing Org StructureThe CMO's Guide to Marketing Org Structure
The CMO's Guide to Marketing Org Structure
 
SIM Strategic Marketing forum 14-15 July
SIM Strategic Marketing forum 14-15 JulySIM Strategic Marketing forum 14-15 July
SIM Strategic Marketing forum 14-15 July
 
Betting Industry Guide: How to Structure Your Marketing Team
Betting Industry Guide: How to Structure Your Marketing TeamBetting Industry Guide: How to Structure Your Marketing Team
Betting Industry Guide: How to Structure Your Marketing Team
 
Interactive Marketing ~ business development process (selling steps included!)
Interactive Marketing ~ business development process (selling steps included!)Interactive Marketing ~ business development process (selling steps included!)
Interactive Marketing ~ business development process (selling steps included!)
 
Marketing Strategy Versus Marketing Plan
Marketing Strategy Versus Marketing PlanMarketing Strategy Versus Marketing Plan
Marketing Strategy Versus Marketing Plan
 
Pf found sample_mkt_plan
Pf found sample_mkt_planPf found sample_mkt_plan
Pf found sample_mkt_plan
 
Business Strategy & Alignment to Project Management
Business Strategy & Alignment to Project ManagementBusiness Strategy & Alignment to Project Management
Business Strategy & Alignment to Project Management
 

Similar to Successful Marketing Starts With A Strategy

Topic 4- Planning and Preparation .ppt
Topic 4- Planning and Preparation .pptTopic 4- Planning and Preparation .ppt
Topic 4- Planning and Preparation .pptJaySears2
 
Start Right -Finish Well Product Launch Process
Start Right -Finish Well Product Launch ProcessStart Right -Finish Well Product Launch Process
Start Right -Finish Well Product Launch Processjerianasmith
 
2019 Industrial Marketing Planning Kit
2019 Industrial Marketing Planning Kit2019 Industrial Marketing Planning Kit
2019 Industrial Marketing Planning KitAndrew Flynn
 
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...VINCE FERRARO
 
Creating Success as a New Sales Manager
Creating Success as a New Sales ManagerCreating Success as a New Sales Manager
Creating Success as a New Sales ManagerLeadScorz
 
2021 Industrial Marketing Planning Kit
2021 Industrial Marketing Planning Kit2021 Industrial Marketing Planning Kit
2021 Industrial Marketing Planning KitChristianJHaight
 
2020 Industrial Marketing Planning Kit
2020 Industrial Marketing Planning Kit2020 Industrial Marketing Planning Kit
2020 Industrial Marketing Planning KitChristianJHaight
 
2021 Industrial Marketing Planning Kit | GlobalSpec
2021 Industrial Marketing Planning Kit | GlobalSpec2021 Industrial Marketing Planning Kit | GlobalSpec
2021 Industrial Marketing Planning Kit | GlobalSpecChristianJHaight
 
How to become an entrepreneur.pdf
How to become an entrepreneur.pdfHow to become an entrepreneur.pdf
How to become an entrepreneur.pdfSmartSkill97
 
Creating Success as a New Sales Manager
Creating Success as a New Sales ManagerCreating Success as a New Sales Manager
Creating Success as a New Sales ManagerLeadScorz
 
Brand matters: Anatomy of a successful B2B Brand Communications Plan
Brand matters: Anatomy of a successful B2B Brand Communications PlanBrand matters: Anatomy of a successful B2B Brand Communications Plan
Brand matters: Anatomy of a successful B2B Brand Communications PlanDelia Associates
 
Business Plan is a document required at the time of funding your business or ...
Business Plan is a document required at the time of funding your business or ...Business Plan is a document required at the time of funding your business or ...
Business Plan is a document required at the time of funding your business or ...ymandhanya
 
Competitive Analysis 2020: A Go-To Guide for Marketers
Competitive Analysis 2020: A Go-To Guide for MarketersCompetitive Analysis 2020: A Go-To Guide for Marketers
Competitive Analysis 2020: A Go-To Guide for MarketersCbitss Technologies
 
Strategic Modern Marketing Workbook
Strategic Modern Marketing Workbook Strategic Modern Marketing Workbook
Strategic Modern Marketing Workbook Veronica Stenberg
 
Chapter 7 MEASURE At the beginning, a startup is little more than .docx
Chapter 7 MEASURE At the beginning, a startup is little more than .docxChapter 7 MEASURE At the beginning, a startup is little more than .docx
Chapter 7 MEASURE At the beginning, a startup is little more than .docxmccormicknadine86
 
Marketing Plan.ppt
Marketing Plan.pptMarketing Plan.ppt
Marketing Plan.pptAnup597384
 

Similar to Successful Marketing Starts With A Strategy (20)

Topic 4- Planning and Preparation .ppt
Topic 4- Planning and Preparation .pptTopic 4- Planning and Preparation .ppt
Topic 4- Planning and Preparation .ppt
 
Start Right -Finish Well Product Launch Process
Start Right -Finish Well Product Launch ProcessStart Right -Finish Well Product Launch Process
Start Right -Finish Well Product Launch Process
 
2019 Industrial Marketing Planning Kit
2019 Industrial Marketing Planning Kit2019 Industrial Marketing Planning Kit
2019 Industrial Marketing Planning Kit
 
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...
Chapter 8 - SECRETS TO BUILDING A WORLD-CLASS BUSINESS THROUGH LEADERSHIP MAR...
 
Creating Success as a New Sales Manager
Creating Success as a New Sales ManagerCreating Success as a New Sales Manager
Creating Success as a New Sales Manager
 
2021 Industrial Marketing Planning Kit
2021 Industrial Marketing Planning Kit2021 Industrial Marketing Planning Kit
2021 Industrial Marketing Planning Kit
 
2020 Industrial Marketing Planning Kit
2020 Industrial Marketing Planning Kit2020 Industrial Marketing Planning Kit
2020 Industrial Marketing Planning Kit
 
2021 Industrial Marketing Planning Kit | GlobalSpec
2021 Industrial Marketing Planning Kit | GlobalSpec2021 Industrial Marketing Planning Kit | GlobalSpec
2021 Industrial Marketing Planning Kit | GlobalSpec
 
How to become an entrepreneur.pdf
How to become an entrepreneur.pdfHow to become an entrepreneur.pdf
How to become an entrepreneur.pdf
 
Creating Success as a New Sales Manager
Creating Success as a New Sales ManagerCreating Success as a New Sales Manager
Creating Success as a New Sales Manager
 
Strategic market management gt
Strategic market management gtStrategic market management gt
Strategic market management gt
 
Brand matters: Anatomy of a successful B2B Brand Communications Plan
Brand matters: Anatomy of a successful B2B Brand Communications PlanBrand matters: Anatomy of a successful B2B Brand Communications Plan
Brand matters: Anatomy of a successful B2B Brand Communications Plan
 
Business Plan is a document required at the time of funding your business or ...
Business Plan is a document required at the time of funding your business or ...Business Plan is a document required at the time of funding your business or ...
Business Plan is a document required at the time of funding your business or ...
 
Competitive Analysis 2020: A Go-To Guide for Marketers
Competitive Analysis 2020: A Go-To Guide for MarketersCompetitive Analysis 2020: A Go-To Guide for Marketers
Competitive Analysis 2020: A Go-To Guide for Marketers
 
EntrepreneurShip
EntrepreneurShipEntrepreneurShip
EntrepreneurShip
 
Marketing Optimization
Marketing OptimizationMarketing Optimization
Marketing Optimization
 
Strategic Modern Marketing Workbook
Strategic Modern Marketing Workbook Strategic Modern Marketing Workbook
Strategic Modern Marketing Workbook
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Chapter 7 MEASURE At the beginning, a startup is little more than .docx
Chapter 7 MEASURE At the beginning, a startup is little more than .docxChapter 7 MEASURE At the beginning, a startup is little more than .docx
Chapter 7 MEASURE At the beginning, a startup is little more than .docx
 
Marketing Plan.ppt
Marketing Plan.pptMarketing Plan.ppt
Marketing Plan.ppt
 

Recently uploaded

social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroductioninfoshraddha747
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management NotesKiranTiwari42
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfCIO Business World
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?Partnercademy
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...Ahrefs
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
Exploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfExploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfadult marketing
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and usesbhavanirupeshmoksha
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsCristian Manafu
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFarrel Brest
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisjunaid794917
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software SolutionsDevherds Software Solutions
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingDaniel
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxGeorgeCulica
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingShauryaBadaya
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 

Recently uploaded (20)

social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroduction
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management Notes
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdfMost Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
Most Influential HR Leaders Leading the Corporate World, 2024 (Final file).pdf
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
Exploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfExploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdf
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and uses
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media Trends
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview Assignment
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysis
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate Marketing
 
Codes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptxCodes and Conventions of Film Magazine Websites.pptx
Codes and Conventions of Film Magazine Websites.pptx
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet Marketing
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 

Successful Marketing Starts With A Strategy

  • 1. STRATEGY SUCCESSFUL MARKETING STARTS WITH A STRATEGY 315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com MARKETING WEBSITES BLOGS PODCASTS SEO SOCIALMEDIA There was a time when nurturing relationships involved scheduling more date nights, and drips were simply annoying plumbing issues. Of course, as any savvy marketer knows, in today’s world, nurturing or drip marketing can be a powerful tool to grow your business, which involves sending or“dripping”messages to customers or prospects over time. In other words, marketing ain’t what it used to be. In fact, some experts say marketing is evolving faster than universities can develop new courses to teach the next generation of marketers—they are essentially learning on the job. What’s New (and What’s Not) The most significant change that marketers face is a shift in power: the buyer is now in control. Consumers gather information and want relevant, personalized conversations on their own time frame. Thank- fully, businesses have the tools to reach both existing and potential customers on a one-to-one basis, understand where they are in the buying process, and pull them in through engaging dialogue. Instead of interacting with someone from your company, a customer’s first touchpoint with your business is likely to be your website, an email, or another form of inbound marketing. Therefore, it’s critical to have your digital messaging“on point”to attract customers and guide them through the buying journey. Power Shift: Business is now buyer-centric. 86% of consumers stated that using a search engine allowed them to learn some- thing new or important that helped him/her increase his/her knowledge about a product before buying. (Pew Research Center, Search Engine Use, 2012) Inbound marketing is promoting a company through websites, blogs, podcasts, white papers, SEO, social media, and other forms of content marketing, which serve to attract customers through the different stages of the purchase funnel. (Wikipedia)
  • 2. STRATEGY SUCCESSFUL MARKETING STARTS WITH A STRATEGY 315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com As John Rampton writes in Forbes,1 “Con- tent is one of the most important ways to get your company noticed these days. Whether it’s by maintaining a blog, an ins- tagram account, or videos, using content to market your product can be extremely helpful. However, everyone is starting to get on the content marketing train, and customers are bombarded with ads and content more than ever. Therefore, you need to make sure your content stands out by maintaining a high bar of quality.” Your goal should be to create content that positively impacts your SEO (search engine optimization) results and draws customers in. This is important because according to MDG Advertising, 57.4% of B2B companies say SEO has the biggest impact on their lead generation goals. But wait, we’re getting ahead of ourselves … let’s back up the proverbial search engine and start at the beginning. Before you can begin developing and distributing content, you need a plan. As much as the marketing landscape has changed, there is one thing that remains the same: the importance of an overall marketing strategy. You may have the best product in the world or the most stellar service, but without effective marketing strategies, no one will know. Let’s face it, you can send out more tweets than a bird sanctuary; you can post, blog, and produce award-winning videos and still not achieve the results you want, which are typically better ROI, higher sales, and business growth. Even the most fabulous trade show or webinar is meaningless if it doesn’t reach the right targets at the right time, and there are no means to follow up with prospects. The truth is, without an overall plan, it’s highly unlikely that you are optimizing your resources. It’s a bit like shooting a bunch of arrows into the sky and hoping they hit the right targets—without injuring or annoying anyone in the process. A Well-Oiled Machine It might be helpful to think of the market- ing process as a large piece of machinery. The machine represents a huge invest- ment, and when it’s running properly it produces efficiently. However, most machines are made up of hundreds, if not thousands of separate components. No matter how state-of-the-art the machine is, if one part is out of alignment, the entire system is negatively affected. In the same way, a great marketing strat- egy requires each component to work together, in tandem, to produce opti- mal results. For instance, a well-defined company vision or mission statement is the power source that sets the machine in motion. The vision shapes the long-term goals, which, in turn, drive short-term goals. Likewise, a company’s strengths and competitive advantages, along with a strong brand image, naturally mold the central message, which triggers meaning- ful content. This content, when delivered to the right audience, at the right time, turns leads into customers. Instead of producing widgets, this marketing ma- chine generates sales and growth. Creating a Strategy It may sound old school, but a good over- all marketing strategy begins with the basics. Remember the“four Ps”or market- ing mix—product, price, placement, and promotion? Today, some would add the importance of a fifth“P”—positioning. These are still relevant, because you can’t market what you don’t fully understand. Though marketing plans can differ greatly from company to company, they generally include the following elements: 1. Executive Summary. This section typi- cally appears first, but is written last as it summarizes the other elements into a succinct analysis. 2. Business Description. This is some- times referred to as the“elevator pitch,”because it clearly and concisely describes your business to others. Therefore, an employee could deliver this description to someone in an elevator or perhaps waiting in line for a latte. 3. Company Vision or Mission Statement. This explains what your business is try- ing to do. It can help guide and inspire employees and give investors, partners, and customers a feel for your overall goals. (It can also be the theme for a really great company party!)
  • 3. STRATEGY SUCCESSFUL MARKETING STARTS WITH A STRATEGY 315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com 4. SWOT or SCOPE. For years, this section was called the SWOT analysis (strengths, weaknesses, opportunities, threats). Today, there is an updated approach that looks at: • Situation—an analysis of internal or external environmental factors that may impact your business. • Core Competencies—that define your company’s unique strengths and abilities, or the basis for added value to custom- ers and competitive advantages. • Obstacles—potential issues and threats that could negatively impact your business. • Prospects—the possibilities and opportunities, both internal and external, that may enhance sales or profitability by leveraging your Core Competencies. • Expectations—the anticipated developments, market conditions, competition, etc. that could in- fluence or impact your plans to meet the identified Prospects. Whichever approach you use, the idea is to take an honest assessment of your business, identify opportunities and advantages, determine your unique selling position (USP), and then use this information to derive a central marketing message. 5. Company Goals—both long and short term. 6. KeyPerformanceIndicators(KPIs)— that measure success for your particular company. When you know how your business is performing, you can make adjust- ments as needed. 7. Environmental Analysis—defines your competition and identifies eco- nomic forces, regulations, emerging technologies, cultural trends, etc. that may impact your business. 8. Marketing Objectives and Performance—based on environ- mental and SWOT or SCOPE analysis, along with your company goals. 9. Marketing Strategies and Implementation • Outline the four Ps. • Identify your target markets, using demographic, psychographic, and product usage research. • Create an outline of activities, responsibilities, and a timetable for completion. • Evaluation—also known as “where the rubber meets the road!” • Prospects—the possibilities and opportunities, both internal and external, that may enhance sales or profitability by leveraging your Core Competencies. Obviously, this a brief overview of a complex task. It requires input from many departments, customer feedback, and research. It may also be wise to enlist the aid of an outside agency to develop an overall strategy or perhaps revamp an existing strategy (you know, the one in a long-forgotten binder sitting on a dusty shelf!). A third party can bring a fresh perspective to the table and oftentimes provide a“reality check”—offering suggestions that employees can’t see (or don’t dare comment on). An Ongoing Process Keep in mind, once you develop your marketing strategy, you’re not done. An effective strategy should provide a daily, monthly, and yearly roadmap for your business; gauge performance; and create accountability. It should remain flexible to changes within the marketplace and may require tweaking, just like a ma- chine requires regular maintenance. A well-developed plan can also help outside vendors, such as marketing automation companies, build systems to match com- pany goals. Marketing has always been part art and part science. It involves creative, inno- vative thinking, as well as solid research, data analysis, and metrics, because when all is said and done, results should be measurable. Marketing has also always been multifaceted—we simply have more tactics and channels at our disposal. This abundance of choices makes an even stronger case for having a clear direction, because as Yogi Berra once said,“You’ve got to be very careful if you don’t know where you’re going because you might not get there.”
  • 4. STRATEGY SUCCESSFUL MARKETING STARTS WITH A STRATEGY 315 East Eisenhower Pkwy. | Ann Arbor, MI 48108 | 800-722-2264 | www.spryideas.com Case Study: Cisco, a network equipment vendor, began experiencing a major turn- around in 2012, after several rough years. In an unprecedented move, Cisco’s CEO at the time, John Chambers, changed the company’s overall strategy. First he lowered the cost structure, making the company more competitive, and then he made the company more “shareholder friendly” by committing a return of at least half of the company’s profits to shareholders. 1 “6 Marketing Tips for New Companies from Successful CEOs,”by John Rampton; Forbes, July 8, 2015. Other Sources: “5 Companies with Inbound Marketing Strategies that Work,”by David Klein, 2012, co-founder of Orange Line, a leading inbound marketing consultancy. MDG Advertising, 2013 Pew Research Center, Search Engine Use, 2012 Sample Marketing Plans, Houghton Miff- lin Company “SWOT Alternative—The SCOPE Planning Model,”Get2Growth, 2015. However, the most important factor, ac- cording to Shaw Woo, a senior technology analyst at Sterne Agee was “taking advan- tage of the Cloud and mobile devices.” The company made a switch from conventional advertising to brand journalism, which is helping consumers envision the potential improvement Cisco’s products can bring to their lives. For instance, the company published a collection of My Networked Life video documentaries on their web- site and publicized them through social media. The videos told stories of how young professionals, entrepreneurs, artists, and students are using connected technology to achieve goals and realize dreams, helping to reinforce the company’s “human” image. Current video documentaries feature customer success stories, highlighting how Cisco can help companies stay ahead in a rapidly changing digital world. The com- pany ended its 2015 fiscal year with record revenues of $49.7 billion. CASE STUDY