Friday 1 March 2019

Digital Strategy Session at the Hong Kong General Chamber of Commerce

There's no question that, in the contemporary landscape, a big part of your marketing strategy is digital. Consumers and companies alike are almost always online-- and you wish to be able to reach them and observe their behavior where they spend the most time.

However when you're growing a service, it seems like this ever-evolving landscape can quickly end up being overwhelming. There's already enough to do-- how are you likewise expected to produce, fine-tune, and preserve an agile digital marketing strategy?

Download our complete guide to developing a digital marketing strategy that works here.

We've compiled a list of 7 digital marketing methods that marketers can adjust to help their teams and businesses grow, along with a refresher course on the meaning of digital strategy and marketing projects.

Your digital marketing strategy is the series of actions that help you achieve your business goals through thoroughly selected online marketing channels. These channels consist of paid, earned, and owned media, and can all support a typical campaign around a specific industry.

The term "strategy" might seem intimidating, however developing an efficient digital transformation strategy doesn't need to be challenging.

In easy terms, a strategy is just a plan of action to accomplish a preferred goal, or several goals. For example, your overarching goal might be to generate 25% more leads by means of your site this year than you drove in 2015.

Depending on the scale of your organisation, your digital marketing strategy may involve several digital techniques-- each with different goals-- and a lot of moving parts. However coming back to this easy method of thinking about strategy can assist you stay focused on conference those objectives.

What is a digital channel strategy?

A digital marketing strategy is a plan including a variety of channels to increase sales, awareness, growth and engagement for a product, service or brand. ... Cross-channel methods, where channels integrate for better outcomes (e.g. aligning link building and web content with SEO).

Despite our simplification of the term "strategy," there's no doubt it can be hard to get going actually constructing one. Let's see what a digital marketing project appears like, and after that, we'll jump into those seven foundation to assist you develop a reliable digital marketing strategy to establish your organisation for online success.

It's easy to puzzle your digital strategy with your digital marketing projects, but here's how to distinguish the two.

As we have actually currently laid out, your digital strategy is the series of actions you require to help you achieve your overarching marketing goal. Your digital marketing campaigns are the building blocks or actions within your strategy that move you towards meeting that goal.

For example, you may choose to run a project sharing some of your best-performing gated material on Twitter, to generate more leads through that channel. That campaign belongs to your strategy to generate more leads.

Here a few other well-known examples of digital marketing campaigns and the methods they utilize.

GoPro
Delta Airlines
Geico
Wayfair
Mastercard
ETF Securities
Red Bull

1. GoPro
Digital strategy: Earned media, user-made video

GoPro is famous for its amazing point-of-view design action video, all taken from the business's timeless fisheye lens. What you may not know is that so much of the video content you see on its YouTube channel wasn't made by GoPro, however rather by its most loyal users.

By occupying its YouTube channel with user-made video material, GoPro has encouraged a whole fanbase of outdoorspeople to take incredible video of their adventures and publish it online-- typically with credit back to GoPro. This continuous digital marketing campaign has actually promoted making use of video to get the word out about the GoPro product line-- and a great deal of the material is produced by the customers themselves.

Check out the video listed below, which GoPro republished, granting the video's original shooter with being among the best videos in its classification.

2. Delta Air lines
Digital strategy: Owned media, Twitter stories

You would not consider an airline company as a leader in imaginative digital marketing, however do not undervalue the stories they can tell on social media (emphasis on "stories").

Delta Air Lines is a respected user of social networks, specifically on its Twitter deal with. The brand utilizes this account to engage possible travelers in a variety of manner ins which are both timely and mentally promoting. Last month, in honor of Breast Cancer Awareness Month, the business began sharing personal stories from Delta staff members straight through the business's Twitter feed

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3. Geico
Digital strategy: Paid media, YouTube Preroll ads

All you require to hear is the word "Geico" to bear in mind you can conserve 15% or more on your vehicle insurance coverage. However even a business with such a memorable tagline can run the risk of irritating its buyers if its marketing project is too longwinded.

That's why Geico launched a series of preroll ads on YouTube that confess to the ad's brevity in the videos themselves.

Preroll ads are a kind of paid content on YouTube where you pay YouTube to roll 15- to 20-second advertisements ahead of videos that have the same audience as the marketer. While some business attempt to squeeze as much messaging as they can into that brief slot, Geico has actually taken the opportunity to tease itself for using up your time in the first place. In this way, its YouTube preroll commercials are really amusing.

4. Wayfair
Digital strategy: Owned media, Instagram tags

Wayfair, a furnishings and decor merchant, has a truly ingenious Instagram strategy. Let's simply say its photos aren't simply images.

Instagram offers business an opportunity to show their fans a more intimate side of the brand, raising the drape on business to flaunt the staff members and occasions that make the organization what it is. For Wayfair, however, Instagram isn't simply a culture play-- it's a purchase page.

Using Instagram's item tags, Wayfair has taken some of its prettiest home interior shots on Instagram, and tagged them with product and price labels. It's a digital marketing project that shows individuals exactly just how much each product in the picture costs, assisting Wayfair create purchasers right from its Instagram account.

5. Mastercard
Digital strategy: Owned media, Travel blog

Mastercard bases its brand on the stories and experiences that cardholders go on. But what great is a travel-based brand name without a travel-based digital marketing project to opt for it?

Priceless Cities, Mastercard's travel blog, offers readers a travel resource to accompany the credit cards that help pay for these readers' destinations. It's a pretty good idea, as it enables the company to better align itself not simply with the important things its customers buy, but with the locations its consumers go.

6. ETF Securities
Digital strategy: Paid media, LinkedIn Sponsored Material

ETF Securities is a small, property management service based in Australia accommodating wealth supervisors and financiers in Europe. Because the service they supply is so complex, the business found where its clients hung out the most-- LinkedIn-- and sponsored paid content on this platform that drives more interest in investments and helps clients make smarter financial decisions.

With this digital project, ETF Securities saw 95% year-over-year growth in its LinkedIn followers.

7. Red Bull
Digital strategy: Owned media, Lifestyle news

Red Bull has become more popular for its sponsorship of extreme sports than the energy drink it sells. It's a natural suitable for the kinds of people the drink attract. However instead of creating digital material on the energy drink industry, Red Bull records its audience with short articles and videos all about the most recent happenings in the severe sports community.

In this digital marketing project, Red Bull teaches us that what you sell isn't constantly the ideal material strategy. Rather, it's the way of life that your consumers live.

It's important to keep in mind that even if a campaign runs over the course of a couple of years, it does not make it a strategy-- it's a strategy that sits together with other campaigns to support a bigger marketing strategy. For example, ETF Securities (cited above) hosted a project to increase its fans on LinkedIn, using the digital strategy of sponsored material (a kind of paid media). This one strategic project might be one small part of a larger digital marketing strategy that serves to generate more leads for one of its products or business lines.

Now that we've gotten to grips with the essentials of digital strategy and digital marketing campaigns, let's dig into how to construct your strategy.

Develop your purchaser personalities.
Determine your goals and the digital marketing tools you'll require.
Examine your existing digital channels and possessions.
Audit and plan your owned media projects.
Audit and prepare your earned media projects.
Audit and plan your paid media projects.
Bring everything together.

1. Build your buyer personas.

For any marketing strategy-- offline or online-- you require to know who you're marketing to. The best digital marketing strategies are built upon detailed buyer personas, and your primary step is to create them. (Need help? Start here with our totally free buyer persona set.).

Buyer personalities represent your perfect consumer( s) and can be produced by looking into, surveying, and interviewing your service's target market. It is very important to keep in mind that this details must be based upon real information wherever possible, as making assumptions about your audience can cause your marketing strategy to take the wrong instructions.

To get a rounded image of your personality, your research study pool must include a mix of customers, potential customers, and individuals outside your contacts database who align with your target market.

However what sort of info should you gather for your own purchaser personality( s) to inform your digital marketing strategy? That depends upon your services, and is likely to differ depending on whether you're B2B or B2C, or whether your product is high expense or low cost. Here are some starting points, however you'll wish to fine-tune them, depending upon your particular business.


Why is digital strategy essential?

The Importance Of A Digital Strategy. A digital marketing strategy is a vital tool for your organisation. ... Focusing on a specific audience and determining that audience's requirements, interests and pain points, will help deliver a more efficient plan in attaining your marketing goals.

Quantitative (or Demographic) Info.

Location. You can utilize web analytics tools like Google Analytics to easily recognize what area your website traffic is coming from.
Age. Depending upon your company, this might or may not be relevant. It's finest to collect this data by recognizing patterns in your existing possibility and client database.
Earnings. It's best to collect delicate details like individual income in personality research interviews, as individuals might be unwilling to share it via online forms.
Task Title. This is something you can get a rough idea of from your existing client base, and is most pertinent for B2B business.

Qualitative (or Psychographic) Info.

Goals. Depending on the need your service or product was produced to serve, you may already have a great idea of what goals your persona is seeking to attain. However, it's finest to seal your presumptions by speaking with consumers, in addition to internal sales and customer care representatives.
Challenges. Once again, talk to customers, sales and client service representatives to get a concept of the typical issues your audience faces.
Hobbies and interests. Talk to consumers and individuals who align with your target audience. If you're a fashion brand, for instance, it's useful to understand if large sectors of your audience are likewise thinking about physical fitness and wellness, as that can help inform your future material creation and collaborations.
Concerns. Talk to customers and individuals who line up with your target market to learn what's most important to them in relation to your organisation. For instance, if you're a B2B software business, understanding that your audience values customer support over a competitive rate point is really valuable info.

Take this info and develop one or more rounded personalities, like Marketing Molly below, and guarantee they're at the core of your digital marketing strategy.

2. Recognize your goals and the digital marketing tools you'll require.

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Your marketing goals ought to constantly be connected back to the fundamental goals of the business. For example, if your company's goal is to increase online income by 20%, your goal as a marketer might be to generate 50% more leads through the site than you did last year to contribute towards that success.

Whatever your overarching goal is, you require to understand how to measure it, and more vital, really be able to determine it (e.g., have the right digital marketing tools in place to do so). How you determine the effectiveness of your digital strategy example will be different for each business and depending on your goal( s), however it's crucial to guarantee you have the ability to do so, as it's these metrics which will assist you change your strategy in the future.

If you're a HubSpot consumer, the Reporting add-on in your HubSpot software application brings all of your marketing and sales information into one location, so you can rapidly figure out what works and what doesn't.

3. Evaluate your existing digital channels and properties.

When considering your offered digital marketing channels or assets to incorporate into your strategy, it's valuable to very first think about the bigger picture to avoid getting overloaded. The owned, made, and paid media structure helps to categorize the digital 'automobiles', possessions, or channels that you're already using.
Owned Media.

This refers to the digital possessions that your brand name or company owns-- whether that's your site, social networks profiles, blog content, or imagery, owned channels are the things your organisation has complete control over. This can consist of some off-site content that you own, however isn't hosted on your site, like a blog site that you release on Medium, for example.
Earned Media.

Rather simply, made media describes the exposure you have actually earned through word-of-mouth. Whether that's content you've distributed on other sites (e.g., visitor posts), PR work you've been doing, or the consumer experience you have actually delivered, earned media is the recognition you receive as a result. You can make media by getting press discusses, positive reviews, and by other individuals sharing your content on social media, for instance.
Paid Media.

Paid media is a bit obvious in what its name recommends-- and refers to any automobile or channel that you invest loan on to catch the attention of your buyer personas. This includes things like Google AdWords, paid social networks posts, native marketing (like sponsored posts on other websites), and any other medium for which you directly pay in exchange for presence.

Gather what you have, and categorize each lorry or asset in a spreadsheet, so you have a clear image of your existing owned, made, and paid media.

Your digital marketing strategy might integrate components of all 3 channels, all working together to assist you reach your goal. For instance, you might have an owned piece of content on a landing page on your website that's been developed to assist you generate leads. To enhance the variety of leads that material produces, you may have made a genuine effort to make it shareable, meaning others are dispersing it by means of their personal social networks profiles, increasing traffic to the landing page. That's the earned media component. To support the material's success, you might have published about the material to your Facebook page and have paid to have it seen by more people in your target market.

That's precisely how the 3 can work together to help you fulfill your goal. Naturally, it's not compulsory to utilize all three. If your owned and made media are both effective, you may not require to buy paid. It's everything about evaluating the best service to satisfy your goal, and after that integrating the channels that work best for your service into your digital marketing strategy.

Now you understand what's already being utilized, you can begin to think of what to keep and what to cut.
4. Audit and prepare your owned media projects.

At the heart of digital marketing is your owned media, which basically constantly takes the type of material. Every message your brand name broadcasts can normally be classified as material, whether it's your 'About United States' page, your product descriptions, post, ebooks, infographics, or social media posts.

Content helps convert your site visitors into leads and clients, and helps to raise your brand's profile online-- and when it's optimized, it can likewise increase any efforts you have around search/organic traffic. Whatever your goal, you're going to need to utilize owned content to form your digital marketing strategy.

To construct your digital marketing strategy, you need to choose what content is going to assist you reach your goals. If your goal is to create 50% more leads through the website than you did in 2015, it's unlikely that your 'About Us' page is going to be included in your strategy-- unless that page has actually in some way been a list building maker in the past.

It might most likely that an ebook gated by a form on your website drives far more leads, and as a result, that might be something you wish to do more of. Here's a brief process to follow to work out what owned material you require to meet your digital marketing goals:
Audit your existing content.

Make a list of your existing owned content, and rank each item according to what has formerly carried out best in relation to your existing goals. If your goal is list building, for instance, rank them according to which created the most leads in the last year. That might be a particular article, an ebook, and even a particular page on your website that's transforming well.

The idea here is to find out what's presently working, and what's not, so that you can set yourself up for success when preparing future material.
Determine gaps in your existing material.

Based on your purchaser personas, recognize any gaps in the material you have. If you're a math tutoring company and have discovered in your audience research that a person of your personality's most significant obstacles is finding interesting methods to study, but you don't have any material that talks to that concern, then you may look to create some.

By looking at your material audit, you might find that ebooks hosted on a particular type of landing page transform really well for you (far better than webinars, for example). In the case of this mathematics tutoring company, you may make the decision to include an ebook about 'how to make studying more fascinating' to your material development strategies.
Develop a content production plan.

Based upon your findings and the spaces you've determined, make a material production plan outlining the material that's required to assist you strike your goals. This should include:


Title
Format
Goal
Marketing channels
Why you're producing it (e.g., "Marketing Molly struggles to discover time to prepare her blog material, so we're producing a template editorial calendar").
Concern level (to help you choose what's going to provide you the most "value").

This can be an easy spreadsheet, and need to likewise include budget plan information if you're preparing to outsource the material production, or a time quote if you're producing it yourself.
5. Audit and prepare your made media projects.

Examining your previous earned media against your current goals can assist you get an idea of where to focus your time. Look at where your traffic and leads are originating from (if that's your goal) and rank each made media source from most efficient to least reliable.

How do I produce a digital strategy for my company?

Define Your Goals. Before you get going with any plans, initially define your goals.
Know Your Secret Channels.
Develop a Content Strategy.
Produce a Calendar.
Put Whatever in Motion.
Display and Step.

You can get this information from tools like Google Analytics, or the Sources Reports in your HubSpot software.

You may find that a specific article you contributed to the market press drove a great deal of certified traffic to your site, which in turn transformed truly well. Or, you may find that LinkedIn is where you see the majority of people sharing your material, which in turn drives a great deal of traffic.

The idea here is to develop a photo of what made media will help you reach your goals, and what won't, based on historic information. However, if there's something brand-new you want to try, don't rule that out just because it's not yet attempted and tested.
6. Audit and plan your paid media projects.

This process includes much of the same process: You require to assess your existing paid media throughout each platform (e.g., Google AdWords, Facebook, Twitter, and so on) to find out what's likely to assist you fulfill your current goals.

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If you've been spending a great deal of money on AdWords and have not seen the results you 'd expected, possibly it's time to fine-tune your technique, or scrap it altogether and focus on another platform that appears to be yielding much better results. (Have a look at this complimentary AdWords guide for more on how to take advantage of it for company.).

By the end of the process, you need to have a clear concept of which paid media platforms you wish to continue utilizing, and which (if any) you 'd like to remove from your strategy.
7. Bring all of it together.

You have actually done the preparation and the research study, and you now have a strong vision of the elements that are going to make up your digital marketing strategy. Here's what you ought to have up until now:.

Clear profile( s) of your purchaser personality( s).
Several marketing-specific goals.
A stock of your existing owned, earned, and paid media.
An audit of your existing owned, earned, and paid media.
An owned content development plan or wish list.

Now, it's time to bring all of it together to form a cohesive strategy file. Let's review what digital transformation strategy suggests: the series of actions that are going to help you accomplish your goal( s) using internet marketing.

By that meaning, your strategy file ought to draw up the series of actions you're going to require to attain your goals, based upon your research to this point. A spreadsheet is an effective format-- and for the sake of consistency, you might find it easiest to draw up according to the owned, earned, and paid media framework we have actually used up until now.

You'll also require to prepare your strategy for a longer-term period-- typically, something like 12 months is an excellent beginning point, depending upon how your company is set up. That way, you can overlay when you'll be carrying out each action. For example:.

In January, you might start a blog site which will be constantly upgraded as soon as a week, for the entire year.
In March, you may launch a brand-new ebook, accompanied by paid promo.
In July, you might be getting ready for your greatest organisation month-- what do you want to have observed at this point that will affect the content you produce to support it?
In September, you might prepare to focus on made media in the form of PR to drive extra traffic during the run-up.

By taking this technique, you're also creating a structured timeline for your activity, which will help interact your strategies to your associates-- not to mention, perhaps even assist keep you sane.
Your Path to Digital Marketing Strategy Success.

Your strategy file will be really individual to your organisation, which is why it's almost difficult for us to create a one-size-fits-all digital marketing strategy design template. Remember, the function of your strategy file is to map out the actions you're going to take to attain your goal over a period of time-- as long as it interacts that, then you've nailed the basics of creating a digital strategy.




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