Once you have your strategy in place its time to decide what tactics are most important to the success of that strategy. For example, a company might decide to focus on four main tactics for the year: blog creation, a website re-vamp, SEO improvement and custom list development for email campaigns. While they may still want to work on their social media strategy and PR, for the year in question, they will devote the majority of their budget towards the four main tactics listed while continuing to allocate smaller budgets towards social media and PR, to keep them running. In addition, tactical calendars will be needed to help lay out the specifics of each tactic. For example, an editorial calendar will be needed for the content blogging strategy.
For most businesses, tens of thousands of search terms are used by people looking for the stuff they sell. understanding your total universe of search terms is fundamental to establishing an appropriate budget. If the widget manufacturer identifies 100,000 relevant search terms, there may be only enough money in the budget to attack 5,000 of them. It therefore becomes critical to know which terms to pursue – and which to ignore.
Merkle is a global performance marketing agency with over 25 years of experience. Headquartered in Maryland, Merkle has offices in Shanghai, London, Barcelona, Chicago, Atlanta plus 20 other locations throughout the world. Merkle was recently acquires by the Dentsu Aegis Network, and the agency delivers data-driven, technology-enabled marketing solutions to large corporations. Learn more here.
Matt Bowman and Thrive Internet Marketing is the best web development firm we have worked with as a company. Demilec USA has gone through this process a couple times before and the Thrive team was far and away the best one we have worked with. We came in on budget and on time. We really appreciate their creativity as well as their customer service. Thank you again.
Forty percent of this traffic equates to nearly 30,000 very targeted and niche specific potential customers visiting your website each month. With window tinting not being a cheap service this could result in thousands or hundreds of thousands of extra profits each month. Above you can see an example of how traffic from search engine optimization and link building services helped increase sales by 57% for one of our customers.
Explain how the pricing of your product or service is competitive. For instance, if the price you plan to charge is lower, why are you able to do this? If it's higher, why would your customer be willing to pay more? This is where the "strategy" part of the pricing strategy comes into play; will your business be more competitive if you charge more, less, or the same as your competitors and why?
Your marketing department might encompass digital marketing, print advertisement, ppc management, website optimization, visual identity/branding, event marketing, etc. As a digital marketing agency, this marketing plan discussion will focus mostly on the digital marketing aspect, but the strategies and concepts in this post can be expanded to encompass your entire marketing department. For today’s marketers, creating an integrated marketing plan that includes social media marketing, content marketing, email marketing and SEO — all tenets of a strong digital marketing, or inbound marketing strategy — is necessary in order to attract and convert buyers in a digital age.
There can be considerable benefit in comparing these figures with those achieved by other organizations (especially those in the same industry); using, for instance, the figures which can be obtained (in the UK) from `The Centre for Interfirm Comparison'. The most sophisticated use of this approach, however, is typically by those making use of PIMS (Profit Impact of Management Strategies), initiated by the General Electric Company and then developed by Harvard Business School, but now run by the Strategic Planning Institute.
The only way to start a business venture with confidence is to develop a good marketing plan—one that's backed up with facts and research. This document clearly shows how you'll attract customers to your product or service and persuade them to buy. The marketing plan also builds confidence with financial institutions, showing lenders that your business has a good chance of being successful.
All of this advice stems from starting an agency by yourself. If you have a partner or two that want to do it with you, then it changes things quite a bit. With that being said, the profits are going to be split and you’re going to have to either charge higher rates or take on more clients to make it mutually beneficial to the point where it’s better than having a normal day job. Just something to keep in mind.
If you don't know the difference between head terms and long-tail keywords, let me explain. Head terms are keywords phrases that are generally shorter and more generic -- they're typically just one to three words in length, depending on who you talk to. Long-tail keywords, on the other hand, are longer keyword phrases usually containing three or more words.
You probably know the profile of your most valuable prospects and the sales process your company uses to convert them from leads to opportunities to customers. However, as your company grows, you won’t know each prospect’s unique situation, and one message won’t work for all. You’ll need to customize your marketing approach by creating buyer personas.
When you’re just starting out this may not be the best option as you will want to grow your network, but over time you will realize that having larger clients is far more beneficial to you for a number of reasons. The downside is if you decide to conduct business fully on a percentage of spend model because there are many internal factors within businesses that are going to dictate budget. Some of these factors are within your control (results) but many others are not (internal decisions, seasonality, other costs). You don’t want to get into a situation where your client is spending a very small amount per month and you are only getting 10% of that with the expectation of being on calls and putting the time into it.
The transaction price, or amount customers pay when they buy from you, can dictate your success. For example, if your average customer transaction is $100 but your competitor’s average customer transaction is $150, they will generate more revenues, and probably profits, per customer. As a result, they will be able to outspend you on advertising, and continue to gain market share at your expense.
Dion Marketing, a strategic marketing firm, specializes in amusement, hospitality, retail and destination marketing with services including marketing, advertising, public relations, graphic design and website design. This Jacksonville advertising agency has over two decades of experience and several marketing awards of excellence for clients nationwide. Dion Marketing focuses on quality and results, with a responsive, hands-on approach.
Paid search is another crucial tool of digital marketing. Take, for example, Google AdWords, the dominant platform for pay-per-click (PPC) advertising. Basically, you get ad space on SERPs, and Google gets paid whenever someone clicks on your ad. It’s a great way to complement search engine optimization (SEO) tactics, especially if your business is new and you want to see instantaneous returns on your marketing budget. AdWords is a highly flexible and measurable tool, and you can expect profits to outpace costs as you continue to increase your budget.
Model your social ads after your best paid search ads. In the same sense that Quality Score determines AdWords placement, Relevance Score controls Facebook ad placement. It stands to reason that ad copy that performs well on Google SERPs will do well on social, too. Plus, using similar messaging across platforms improves the cohesiveness and visibility of your brand presence.
While we’re here, let me elaborate a bit on SEO. When executed consistently and appropriately, SEO practices improve the SERP rankings of your website; if you conduct rigorous keyword research and publish great content that is relevant to whatever keywords people are searching, your website will perform better in the organic results. As Google continues to tweak the algorithms that determine the relative importance of different ranking criteria, SEO best practices change, too. Stay up to date with the WordStream blog to learn how you can maintain high organic traffic.
Friendemic is an online reputation management and social media marketing agency founded in 2010. Headquartered in Salt Lake City, UT and with offices in Dallas, TX, San Diego, CA, and Cookeville, TN, the team of 50+ uses proprietary software to help clients monitor their online reputation 24-7. They also create and manage social media campaigns and content to generate leads – mostly for clients in the automotive industry.
The first step in creating your buyer personas is to brainstorm who they could be. Once you have your full list, identify the ones who have similar needs or roles and consider merging them. From here, prioritize your list of personas by considering their impact on the final purchase decision, their relationship to your company, and the size of the audience persona group. Once you’ve finished brainstorming, create your actual personas.
#Marketing topics Who is looking for what topics? How does it vary with geography and size of company? What are the top surging marketing keywords at smaller marketing and advertising businesses? Is there any correlation between that and the keywords used by large enterprises? Learn these and more with our latest #MartechAdvisor #QuickTeck #infographic.
An insurance and financial services company hired Rise Interactive to help attract new customers. The insurance company worked with a traditional marketing agency previously but was unhappy with the results. Rise Interactive created a paid search campaign and tracked progress for the insurance company. These efforts improved the insurance company's bidding process for paid search campaigns to ensure that results were getting better commensurate with budget increases.
The marketing budget is usually the most powerful tool by which one can determine the relationship between desired results and available means. Its starting point should be the marketing strategies and plans, which have already been formulated in the marketing plan itself; although, in practice, the two will run in parallel and will interact. At the very least, a thorough budget may cause a change in the more optimistic elements of a company's business plans.