You Your target Your message Your media Laser focused marketing in the digital age Mary Charleson, MBA Marketing educator and strategist www.charleson.ca www.fiveminutemarketing.com YOU 1
what do you do? how are you different? USP (your unique selling proposition) 2
what do I do that my competitors don’t, that my target market cares about, that is not easily copied? 3
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3 common traits of successful new business ventures 1. Respond to unfulfilled need of a defined target group. 2. Few or no primary competitors. (At least not yet!) 3. Responded to societal trends. USP What do you do that your competitors don’t, that your target market cares about, that is not easily copied? Also consider: What product or service do you sell? What problem do you solve? Why are you important to them? How are you unique? 6
worksheet time! YOUR TARGET 7
Who is your target? How would you describe them? Where are they? why segment a market? 8
product promotion distribution price how to segment a market? 9
demographic psychographic geographic behavioral demographics 10
ethnicity religion income age gender demographics education family structure occupation http://www.youtube.com/watch?v=owGykVbfgUE 11
https://www.youtube.com/watch?v=VdyCh5dPkRA psychographics 12
social class values (lower, middle, upper) beliefs psychographics self image lifestyle personality (recreation, hobbies, saver) (gregarious, ambitious, quiet) 13
geographic 14
city country region geographic online vs offline urban vs rural climate 15
behaviour consumption status benefits (never, frequent) (quality, economy, service) attitude towards loyalty (enthusiastic, positive, (not, somewhat, devout) indifferent, negative) behaviour readiness to buy purchase occasion (unaware, aware, informed, (staple, special) interested, intending) use frequency (light, medium, heavy) 16
https://www.youtube.com/watch?v=ZUG9qYTJMsI YOUR TARGET demographic psychographic geographic behaviour 17
worksheet time! YOUR MESSAGE 18
What is your message? Is there key messaging for different target segments? 19
YOUR MESSAGE keep it simple think like customer - WIFM? tie to USP worksheet time! 20
YOUR MEDIA YOUR MEDIA be creative be unique be where your customers are 21
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http://www.youtube.com/watch?v=MIx DPwyxsBc 23
sticky spread 24
THEN THE FUNNEL 25
NOW THE DECISION JOURNEY 26
YOUR MEDIA print ad? direct mail? outdoor? radio? tv? online? social media? Magazines : engage, involve • Create credibility • Full colour • Involve readers, ads do the same • Regional editions • Reprint ads for posters, press releases • Costs: $1,200 - 5,000 regional 27
Newspapers : inform • Major focus for small business • Local readership • Credibility, timely • Consistency key, frequency • Get help with creative • Costs: $100 - 5,000 Radio : get personal • Relationship with customer • 2 types: foreground (news/talk), background (music) • Track: ask where heard? • x 3 name mention in :30 sec spot • Afternoon drive, morning drive • Concentrate spots eg: Thurs - Sat • Outside writer, station can produce • Cost: $60 - 340/ :30 sec spot 28
TV : demonstrate • Effective but fragmented • On-line tie in? • Cable stations, low cost stations? • Fringe, late night lower cost, ROS • Only effective if use enough. Enough is expensive! • Outside writer, station can produce • Cost: $60 - 5,000/ :30 sec spot Outdoor : remind • Billboards, transit shelter, bus • Combine with other media • No more than 6 words • When? New to area, unique promotion, translates to billboard • Outside designer • Cost: Billboard $3500 / Shelter $1600 / Bus $500 /4 weeks + art • 3 - 6 locations, 12 week minimum 29
Outdoor http://www.youtube.com/watch?v=NKhf-tH6PdI Direct Mail : careful aim • Critical leads: make the sale • Advantages: measurable, targeted, personalized, highest response rate • 4 elements: list, offer, copy, graphics • 3 secrets: pick list with care, structure offer so hard to refuse, plan a profit • 60% scan or read / 31% read some / 9% don’t read • Best months: Jan, Feb, Oct Worst months: June, March, May • Update list: 10% go bad/year 30
Online : combines benefits of all media • Permission based email • Newsletters • Online sales • Websites, blogs, Facebook, Google+ • Banner, button ads, sponsored posts, video, blogs • Targeted, measurable, affordable, engaging 31
71% of online adults use Facebook. Of those: - Women: 77% - Men: 66% - 18-29: 87% - 30-49: 73% - 50-64: 63% - 65+ 56% 26% of online adults use Instagram. Of those: - Women: 29% - Men: 22% - 18-29: 53% - 30-49: 25% - 50-64: 11% - 65+ 6% 32
23% of online adults use Twitter. Of those: - Women: 21% - Men: 24% - 18-29: 37% - 30-49: 25% - 50-64: 12% - 65+ 10% 28% of online adults use LinkedIn. Of those: - Women: 27% - Men: 28% - 18-29: 23% - 30-49: 31% - 50-64: 30% - 65+ 21% 33
28% of online adults use Pinterest. Of those: - Women: 42% - Men: 13% - 18-29: 34% - 30-49: 28% - 50-64: 27% - 65+ 17% FB Personal FB Page 34
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Optimize for mobile browsing 38
Public relations : instant credibility • Authority, free, remembered • Can’t buy it, no control, no assurance of accuracy • Least expensive, most time consuming • Reprint publicity - display in office, website, direct mail Public relations : instant credibility • To get publicity you must have: • 1. Imagination to generate news monthly, publicize • 2. Influential media contacts to offer news to • 3 Persistence to follow through and get coverage wanted 39
Public relations : instant credibility • How to get news? • 1. Announce something new or unique • 2. Stage an event • 3. Connect your offer to what is news right now • 4. Survey results • 5. Controversial claim • 6. Something funny / unusual Public relations : instant credibility • If you’re interviewed: • 1. Practice, get coaching • 2. Know what makes you different (USP) • 3. Practice communicating your message • 4. Identify 3 main points, bring questions back to these 40
Content marketing : the future Content marketing : the future 41
http://www.youtube.com/watch?v=8gper3YkzMg YOUR MEDIA be creative be unique be where your customers are 42
You Your target Your message Your media Laser focused marketing in the digital age Mary Charleson, MBA Marketing educator and strategist www.charleson.ca www.fiveminutemarketing.com fiveminutemarketing.com charleson.ca mary@charleson.ca 43
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