Marketing Strategy Tag

Marketing has dramatically evolved in the last 20 years. The rise of digital marketing and the exponential growth in marketing technology solutions are just a couple of things that have brought a new level of complexity—and power—into the hands of marketers. But, as the saying goes, “With more power comes more responsibility.”

Chief marketing officers and their teams are facing greater expectations to demonstrate results across their organization. Marketing investments are under continued scrutiny and organizations are being tasked to perform at higher levels with the same or fewer resources. The bottom line:  today, marketing organizations must demonstrate steadily increasing ROI while achieving higher levels of innovation, and team and client engagement.

So what?

 

Marketing organizations need to bring their A-Game. They must take steps to evolve their stack, processes, and strategy to keep ahead of the curve – and the competition. Wherever you are in your digital transformation, you should ask yourself:

  • Can you demonstrate how your marketing organization is aligned to the company’s strategy and driving real, measurable value for the enterprise?
  • Do you have the means to communicate full cost and ROI transparency to the CMO and business lines, and drive informed marketing decisions?

 

If you’re not confidently answering “yes” to these questions, here are the six steps you can take to build and bring your marketing A-Game:

 

1. Thoughtfully create your marketing stack

The number of marketing platforms has grown at an exponential rate, and it can be hard to know what the right strategy and tools are for your organization. Assess your current stack with these questions:

  • Can you qualify the value you get from each of your platforms and tools?
  • Are there gaps you can identify within your existing stack?
  • Could you possibly consolidate the number of tools you are using?

 

2. Build integrations

Like most companies, you likely have multiple systems of record. But it’s not effective to plan in one system, execute work in another, and host assets and deploy in others. Your holistic marketing story and accurate ROI reporting are critically important. Power your organization’s collaboration with integrations that seamlessly connect your stack to unlock and unify the data that enables these stories.

 

3. Organize your data & insights

Your stack is creating ever more data to manage. But the problem isn’t the data itself; it’s how to organize it in a way that leads to actionable insights. Define a best-fit data strategy for your stack. And with the right visualizations, your organization will be empowered with the ideas to make smarter marketing, business, and operational decisions.

 

4. Examine your existing processes – and do it often

Organizations and your marketing needs will continually evolve. Being comfortable may lead to a miss on an important technological advance that your competitors are employing.

  • Review your processes regularly to re-engineer and optimize them and to ensure they’re as efficient as possible.
  • Refine your organizational roles to maximize new capabilities.
  • Look into custom development options to create new automation opportunities within your organization.

 

5. Make change personal

Tools are only effective if you know how to use them and know why you’re using them. Equip your team with proven approaches and tools that affect lasting change. Discover methods that will influence behavior and allow your staff to understand the value of new capabilities. By encouraging your team to embrace change, you’ll drive operational excellence and create a model for the rest of the enterprise to follow.

 

6. Recruit an expert or find a reputable partner

Ultimately, bringing your marketing A-Game is complicated. It takes time, strategy, investment, and the right guidance to ensure you will have an ecosystem that positions your organization to win. In this process, don’t be afraid to recruit an expert for that industry or employ a technology partner to make strategic recommendations. Create a roadmap that aligns with your objectives, prioritize your specific initiatives and create the ideal marketing ecosystem for your organization. Your team will be able to focus on creativity and innovation, and you’ll watch your ROI (and credibility as a leader) soar.

 

Are you ready to bring your A-Game?

Through multi-city workshops, LeapPoint will provide senior marketing professionals a solution set that enables their organizations to align with corporate strategy and effectively and efficiently deliver value to the enterprise. We’ll showcase how to achieve these outcomes via a robust, intelligently integrated, set of best-of-breed cloud applications that holistically provide for this capability with effective governance.  All with the added benefit of actually making the end-user experience more efficient and effective.

Learn more about the marketing A-Game and register for an A-Game Workshop in a city near you at leappoint.com.

 

 

Your audience is distracted by the constant noise of the daily routine. Every moment of every day is filled with information that is loud, boisterous, and consuming. In the constant battle for attention, screaming ads and neon visuals saturate your audience’s gaze for the sole purpose of transforming that brief attention to sales conversions. The marketplace is thirsty for any sort of competitive advantage and, right or wrong, the loudest voice is typically the most common marketing instrument.

So how do you create consistency, boost your brand recognition, and prevent your story from becoming just another face in the crowd? A cohesive, well-organized approach to your marketing is the best way to achieve those goals. One that leverages the insights and power of integrated technology platforms to understand target consumer segments better, implement a personalized approach that speaks to individual affinities, and forms enduring bonds between the brand and customer.

Integrated Platforms Create Consistency

An integrated marketing platform is a streamlined technology solution that caters to every stage of the marketing process, from strategizing and design to implementation and metric analysis. It’s an end-to-end, one-stop-shop that maximizes efficiency and effectiveness through seamless integration of data, innovation, and thought. In simpler terms, think of an integrated platform as a car that carries all the stages of the marketing process in a single vehicle. That vehicle is tasked with transporting those marketing components along the customer’s journey to arrive at the same destination — an impactful, successful campaign. If each of those passengers were to take separate vehicles, the likelihood of latencies in the process dramatically increase.

Traditionally, marketers have relied on different components from independent vendors, each of which might have done a tremendous job at their specific tasks but, as is often the case with segmented technology, those components don’t communicate well with one another. In the digital landscape, where margins for error shrink by the day, those traditional models are prone to information silos and communication gaps — detours and potholes forming along the customer’s journey. Naturally, such inefficiencies don’t lend themselves to the flexibility and foresight demanded by a modern, digitally-driven campaign. The segmented, disparate components of those traditional marketing pipelines can lack the free-flowing data and ideas needed for an agile campaign that can pivot on a moment’s notice and continually gauge impact. Integrated platforms, however, afford brands that seamless marketing required to successfully engage the modern consumer, creating a smooth, consistent, unified approach to the entire breadth of a marketing campaign.

The Bigger Picture

While each stage of the marketing process — strategy, testing, bidding, distribution, metric analysis — benefit individually from an integrated platform by shared data and effective communication, it’s the bigger picture that gains the most impact. It’s not the loudest voice that will provide the most significant engagement, conversions, and ROI for an enterprise. Instead, it’s the personalized touch running throughout a brand’s message that forms connections with the audience. In fact, 71% of customers now prefer customized ads and campaigns that speak to their unique interests and passions.

An integrated marketing platform gives brands and agencies the tools needed to create and maintain that personalization. With so many audience segments, each with unique and widely-varying affinities, information silos can be the death knell for companies wanting to engage at the individual level. Thankfully, as powerful as the particular components of an integrated platform is with their designated responsibilities, the platforms themselves are greater than the sum of their parts. In such a crowded and competitive environment, use integrated technology to tell a compelling story rather than the loudest one. Your campaign ROI and bottom line will thank you.

Three ways to know if agile marketing is right for your business

With the growing competition in the marketplace, brands from every sector are looking for new ways to be innovative and rise above the fray. Innovation means not only a willingness to implement change but also an openness to trying new approaches to doing business.

For marketers, this can be exceedingly challenging. Marketing professionals in top businesses across the globe are constantly keeping tabs on changes in their industry and working to identify new ways to get ahead of the competition. This includes studying marketing trends, analyzing the wealth of data that is currently available about consumers, and tapping all available resources to launch new marketing campaigns.

With the highly competitive nature of today’s global economy, it’s difficult to know what strategies can help your business beat the competition. That’s why marketing professionals are turning to agile marketing. This concept, which was born in the information technology industry, has implications for the business world. Agile marketing offers a new way of thinking about business, with concepts that can be applied across the organization to produce better outcomes.

If you want to know if agile marketing is a good fit for your business, take a look at your company and ask yourself these three questions.

How easily does your business respond to change?

While many marketers rely on techniques that are tried and true, this method calls for something entirely different. To take advantage of agile marketing, companies need to monitor the success of their business activities and be prepared to change. This method of marketing calls for validated learning over conventional thinking, prioritizing the kind of customer engagement that has the data to back it up. You’ll need to create marketing plans for both the short-term and the long-term, as well as the middle ground, and make adjustments as you go, using the insights gained from digital marketing analytics.

Agile marketing is best when teams can be flexible in their marketing work and quick to adapt. There is still a role for managers to play, but the business will need to be flexible in order to accommodate changing priorities. With this approach, small marketing experiments can take businesses further than large initiatives that can’t be adjusted down the road.

Can your team identify and adapt to customer desires?

At its heart, agile marketing is about putting the customer first and responding proactively to the changing habits and desires of consumers. This means you’ll need to view your relationship with customers as a collaborative one, where their input on your products, services and marketing efforts hold just as much weight as the expert opinions on your own team.

By implementing agile marketing, you’ll be able to discover a clean customer profile and learn a lot about what consumers want from your company. This will take a higher priority than business predictions, because the marketing method centers on meeting customer needs and adapting the marketing to better suit the customer. This could mean changing marketing and media platforms, using more direct campaigns, adding value to products and services, or adjusting your business plan to suit consumer needs. It may also mean new processes, evaluations and surveys, and reiterations of existing business marketing strategies. They key is to keep the changing desires of the customer at the center of the work you do.

What resources within your organization can support agile marketing?

Before you begin the journey into agile marketing, ask yourself if your business is ready for agile marketing. Take a look at the leaders and teams within your organization, and determine whether they adapt well to change and whether they have the tools they need in order to make major adjustments. Managers and marketing professionals at every level will need to feel empowered to respond to customer opinions, and your business will need to have a high degree of flexibility in order to make agile marketing work.

As a team, you will still need a strategic vision, but you should plan to revisit the vision at each major milestone, in order to determine whether the new strategy is working. You’ll also need to make sure you are properly staffed to handle frequent releases of updated products, services or materials. Your team should be prepared to work collaboratively and with a high degree of respect for one another, while also moving through several learning cycles in order to find out what tactics are most effective. You’ll also need to have team members on staff who can provide support, provide a thorough understanding of data analytics, and keep in frequent contact with the customer. The data will help reveal possible steps forward and the customer feedback will tell you if you’re new approach of agile marketing is working for them.

Agile marketing calls for flexible leadership, business and marketing innovation, and a commitment to the customer, all driven by data and evidence of changing trends. It will require constant change, reliable problem-solving, and agility from the entire team. The end result for teams who can successfully implement agile marketing is a competitive advantage that is unique to the company, which will lead to enhanced customer appreciation and loyalty.

One of the enemies of long-term commercial success is complacency. While last year’s bottom line might have made your stakeholders happy, this year represents a completely different challenge. For long-term success in the digital age, you need to be sure that all your digital channels are performing.

Whether it’s your social media channels or your websites, your online marketing tools need to be continually monitored. Not only do these tools need to reach your target audience, but they also need to deliver conversions. There are five digital marketing analytics that can show you which sites are successful or where they need improvement.

 

1. Traffic

Traffic is perhaps the most obvious marketing analytic large businesses need to be fully aware of. But this isn’t just a counting exercise. To effectively tailor your various marketing messages to the relevant audiences, you need to know exactly what is bringing traffic to your websites.

There are five channels that should be tracked on an ongoing basis: organic, direct, referral, social and paid. In the early days of the internet, organic traffic was the most important, as it refers to the users who arrive at your website after using a search engine for a particular keyword. But as the likes of Google makes manipulating search results more and more difficult, referral, social and paid channels have become increasingly significant.

 

2. Conversions

While high levels of traffic are always desirable, they can count for very little if people land on your website and quickly lose interest. Attracting traffic is only the beginning of the digital marketing journey. Once visitors have arrived, you need to convert them to customers or active engagers.

Increasing conversion rates involves a range of different measures, including the use of calls to action, effective contact forms, multimedia, visual storytelling and content with value. If your website isn’t turning visitors into customers, you have a real problem — which is why monitoring conversions is so important.

 

3. Engagement

You may have created a slick, professional and effective commercial for your social media channels, but it will count for nothing if people don’t see it. There are many reasons why people don’t see certain ads, including the time they are released and what is happening in the world when they are running. In some instances, consumers are either tuning out these messages or simply switching them off.

Measuring engagement usually refers to the likes, shares and comments your messages accrue on social media channels. When people actively engage, you can be reasonably sure that they’ve received your message. But then the message is missed, engagement statistics can often help you to understand why.

 

4. Click-Through Rates

Click-through rates usually pertain to pay-per-click ads (PPC). They are a measure of how many times your ads are clicked in relation to how many times they show up on consumers’ screens (impressions). Low click-through rates can indicate several deficiencies in your marketing strategy, including an irrelevant landing page, a weak offer or an inappropriate target audience.

 

5. Site Loading Speed

Internet users are now more impatient than ever before. According to Kissmetrics, people will simply hit the “back” button if a site they’ve landed on takes more than three seconds to load. The best tool for measuring site speed is Google PageSpeed Insights. Not only does this free service give you your website’s official loading time, it recommends how to resolve any issues.

Identifying the most important digital marketing analytics and monitoring them on an ongoing basis is crucial to the health of your bottom line. But when you identify potentially damaging issues, responding quickly with the help of marketing specialists is absolutely vital.