Mass media was hot on the telephone’s tail, of course. Print, radio, and television enabled (and continue to enable) advertisers to communicate their messages to millions of eyeballs and eardrums at any given time. What’s more, with the rise of mass media emerged the capacity for cross-channel marketing: the advertisement of the same brand or product across different media outlets. That’s more exposure to more consumers who are more likely to convert and spend their money.
In the new world of inbound marketing there are a handful of strategies that are paramount. These strategies can also be useful when researching competitors. Using email and social media, and surveying the content landscape, will give you an immense amount of knowledge about your competition. Here are some quick tips on understanding who you’re up against:
Weber Shandwick is a leading global PR company and a unit of Interpublic’s McCann Worldgroup. The agency was the only public relations agency included on Ad Age’s Agency A-list in 2014 and 2015 and the only PR firm designated an A-List Agency Standout in 2017. They have 77 cities across 31 countries and serve as agency of record for Sealed Air Corporation, American Cancer Society, Covered California, the Maine Lobster Marketing Collaboration, Excedrin and Ragu.
If you were to explain what you do as a marketer to a 5-year-old and a grown man/woman, would you do it in the same way? Would it take the same amount of time? Would you use the exact same words? You would probably use some examples or analogies, but different ones in each case. That’s called essential intelligence and also goes by “defining your audience”.
A marketing plan is a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year. It describes business activities involved in accomplishing specific marketing objectives within a set time frame. A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals. A marketing plan has a formal structure, but can be used as a formal or informal document which makes it very flexible. It contains some historical data, future predictions, and methods or strategies to achieve the marketing objectives. Marketing plans start with the identification of customer needs through a market research and how the business can satisfy these needs while generating an acceptable return. This includes processes such as market situation analysis, action programs, budgets, sales forecasts, strategies and projected financial statements. A marketing plan can also be described as a technique that helps a business to decide on the best use of its resources to achieve corporate objectives. It can also contain a full analysis of the strengths and weaknesses of a company, its organization and its products.