DuartePino Planning Series
If you want a more powerful year, upgrading and focusing on developing a solid marketing plan is more important than ever.
First, you need to work on the five essential components of that plan. Then, to beef it up, you should consider developing campaigns and programs aligned with your objectives, target market, and budget. Below are some tips to upgrade your marketing plan by identifying key enablers and strategic initiatives that can better prepare your company for business growth:
1. Review and Update Your Ideal Customer Profile – Look back at your best clients and identify the characteristics that make them profitable. It is highly recommendable to gather your sales and marketing team together for a series of planning sessions to get everyone aligned on who your ideal customer is. As a team, review their purchase cycle, including frequency and monetary value. Make sure your Ideal Customer Profiles are accurate and update them accordingly to reflect the kinds of customers you need to identify to reach your growth goals.
2. Document Your Customer Journey – Once the Ideal Customer Profile is updated, document their journey from prospect to customer. Your prospects take many small steps to become a buyer. It is crucial to understand their mission to eliminate any barriers in the process. Plot out every interaction to evaluate the efficiency of the process and the effectiveness of the related messages. The journey should not end with the purchase but with a proper onboarding program that culminates in new customer referrals.
Understanding the customer journey can open many opportunities for your business to be more efficient and effective, resulting in more satisfied and profitable customers.
3. Confirm Your Value Proposition – Ensure you are clear on what makes your company different from your competitors. It is essential to talk to some of your clients and find out why they chose your business and what could cause them to switch to buying from your competitors instead. Talking to your customers should complement your marketing plan with relevant key messages for each target market. The key messages should be based on how current customers perceive your brand, and the effective communication of your value proposition should persuade more prospects into customers.
4. Review Your Sales Process – If your goal is business growth, it is vital to evaluate your sales process and determine if it aligns with your marketing plan’s aggressiveness. Key questions include:
A. Is your sales process designed to close the quality and quantity of customers you need to reach your business goals?
B. Do all your sales reps follow the same process for managing prospects?
C. Is your CRM system set up to support your strategy efficiently and effectively?
D. Could you use other automated tools to make your sales process more efficient?
E. Is your sales process documented and shared as best practices?
After reviewing the process, ensure your marketing materials are designed to attract your Ideal Customer Profile and communicate your value proposition. Confirm that it complies with any new regulations, that your branding guidelines are being followed, and that your sales reps are using the latest version. Remember that the effectiveness of the materials depends on how your sales force uses them. This tactic is another excellent opportunity to align sales and marketing on the Strategic Plan.
5. Review Your Website and Online Marketing – Take a look at your website and social media presence to ensure it is designed to attract your Ideal Customer Profile. Are your branding and messaging strategies consistent? Are you engaging with the right audience? Is your content compelling and educational?
An effective digital marketing program should maximize the benefits of data assets, technology-focused initiatives, and various forms of digital media. At its core lies customer conversion rate optimization. Therefore, we propose to include a potent mix of growth hacking, inbound marketing, and content strategy techniques to grow through the purchase funnel in all plans for this year.
These tips can help you upgrade your marketing plan and prioritize the identified issues to develop a phased approach to tackling them over the next four quarters. Depending on your identified opportunities, you may need to develop tactical plans for each component. Perhaps there’s a lot of work, but it’s better to start the year knowing your possibilities and aligning your resources to achieve optimal business growth.
Fuel your business growth with a tech-savvy and strategic marketing plan. Our advisors help you see the bigger picture to discover possible opportunities you didn’t know. With a marketing-as-a-service approach, scale-ups and startups can focus on keeping the flame alive at the forefront of your business while our trusted advisors keep the fires burning behind the scenes. Contact us to learn more about what we can do for your marketing plan and strategy.