Ultimate Guide to Marketing Strategies: As a business owner, you’re always looking for ways to reach more consumers and grow your brand. In today’s digital age, one of the best ways to do this is through a well-executed digital marketing strategy. By engaging with your target audience online, you can build relationships, generate leads, and drive sales.
However, developing a successful digital marketing strategy can be a challenge. With so many moving parts and constantly changing best practices, it’s easy to get overwhelmed. That’s why we’ve put together this Ultimate Guide to Marketing Strategies.
In it, you’ll find everything you need to know about building an effective digital marketing strategy, from developing your buyer personas to creating killer content and powerful campaigns. So what are you waiting for? Get started today and see the results tomorrow.
What is a marketing strategy?
A marketing strategy is a plan for reaching a specific marketing-related goal (or goals) in a focused and achievable way. It takes into consideration what your business is currently doing well and what you’re missing in regards to the objective you set, so you’re more likely to accomplish it.
If you’re a small business and you’re unsure how to jumpstart your strategy, this digital marketing strategy template will help you get there. It includes actionable tips and templates to set you up for success.
Now back to this — are you confused about the difference between a marketing strategy and marketing tactics? We cover that below.
Strategy vs. Tactic
A strategy is your destination — it’s the achievable, focused plan for getting you to your target. Tactics are concrete and definable steps within your strategy that ensure you reach your objective.
Marketing or not, there are three parts of any strategy:
- A diagnosis of your challenge
- A guiding policy for dealing with the challenge
- A set of targeted actions that are necessary to accomplish the policy
Depending on the scale of your business, your marketing strategy may include several moving parts, each with different goals. With that said, working on your strategy can become daunting at times.
So, if you’re ever feeling overwhelmed about your marketing strategy, refer to these three steps to keep you focused on achieving your objectives.
Now, let’s look at digital marketing strategy.
What is digital marketing strategy?
A digital marketing strategy is a plan for establishing an internet presence through online channels such as organic search, social media, paid ads, and other web-based mediums such as your website. The goal of digital marketing strategies is to increase awareness about your business and attract new customers to your brand.
A strong digital marketing strategy helps your business achieve specific digital goals through carefully selected mediums. Similar to marketing strategies versus marketing tactics, “digital marketing strategy” and “digital marketing campaign” are also often interchanged. So, how do they differ?
We cover that in the following sections.
What is a digital marketing campaign?
Digital marketing campaigns are the building blocks and actions within your digital marketing strategy that move you toward a specific end goal.
For instance, if the overarching goal of your digital marketing strategy is to generate more leads through social media, you might run a digital marketing campaign on Twitter. You may share some of your business’s best-performing gated content on Twitter to generate more leads through the channel.
How to Create a Digital Marketing Strategy
- Build your buyer personas.
- Identify your goals and the digital marketing tools you’ll need.
- Evaluate your existing digital channels and assets.
- Audit and plan your owned media campaigns.
- Identify your goals and the digital marketing tools you’ll need.
- Monitor and report.
1. Build your buyer personas.
For any marketing strategy – digital or not – you need to know who you’re marketing to. The best digital marketing strategies are built upon detailed buyer personas, and your first step is to create them.
Organize your audience segments and make your marketing stronger with templates to build your buyer personas.
Buyer personas represent your ideal customer(s) and can be created by researching, surveying, and interviewing your business’s target audience.
It’s important to note that this information should be based upon real data whenever possible, as making assumptions about your audience can cause your marketing strategy to move in the wrong direction.
To get a rounded picture of your persona, your research pool should include a mixture of customers, prospects, and people outside your contacts database who align with your target audience.
But what kind of information should you gather for your own buyer persona(s) to inform your digital marketing strategy?
That depends on your business — it’s likely to vary depending on whether you’re B2B or B2C, or whether you sell a high-cost or low-cost product.
Here are some starting points that you can fine-tune and tailor to your particular business.
Quantitative and Demographic Information
- Location: Use web analytics tools to easily identify what location your website traffic is coming from.
- Age: Depending on your business, this may or may not be relevant information. But if it is, it’s best to gather this data by identifying trends in your existing prospect and contact database.
- Income: It’s best to gather sensitive information like personal income through persona research interviews, as people might be unwilling to share these details via online forms.
- Job Title: This is something you can get a rough idea of from your existing customer base and is most relevant for B2B companies.
Qualitative and Psychographic Information
- Goals: Depending on what challenge your product or service solves, you may already have a good idea of the goals of your buyer persona. Cement your assumptions by speaking to real customers and internal sales and customer service reps.
- Challenges: Speak to customers, sales and customer service reps, and any other customer-facing employees to get an idea of the common challenges your audience members face.
- Hobbies/Interests: Ask customers and those who align with your target audience about their hobbies and interests. If you’re a fashion brand, for example, it’s helpful to know if large segments of your audience are also interested in fitness and well-being to inform future content and partnerships.
- Priorities: Talk to customers and target audience members to find out what’s most important to them in relation to your business. For example, if you’re a B2B software company, knowing your audience values customer support over a competitive price point is very valuable information.
By combining all of these details, you’ll be able to create buyer personas that are accurate and highly valuable for your business.
2. Identify your goals and the digital marketing tools you’ll need.
Your marketing goals should always be tied back to the fundamental goals of your business.
For example, if your business’s goal is to increase online revenue by 20%, your marketing team’s goal might be to generate 50% more leads via the website than the previous year to contribute to that success.
Use a high-level marketing plan template to outline your annual marketing strategy, identify top priorities, and more.
Download the Template
Whatever your overarching digital marketing goal is, you must be able to measure the success of your strategy along the way with the right digital marketing tools.
For instance, the Reporting Dashboard in HubSpot brings all of your marketing and sales data into one place, so you can quickly determine what works and what doesn’t to improve your strategy for the future.
3. Evaluate your existing digital channels and assets.
When reviewing your existing digital marketing channels and assets to determine what to incorporate in your strategy, it’s helpful to first consider the big picture — this will prevent you from feeling overwhelmed or confused.
Gather what you have, and categorize each vehicle or asset in a spreadsheet, so you have a clear picture of your existing owned, earned, and paid media.
Owned, Earned, Paid Media Framework
To do this effectively, use the owned, earned, and paid media framework to categorize the digital “vehicles,” assets, or channels you’re already using and decide what’s a good fit for your strategy.
This refers to the digital assets your brand or company owns — whether that’s your website, social media profiles, blog content, or imagery. Owned channels are what your business has complete control over.
This can also include some off-site content you own that isn’t hosted on your website (e.g. a blog you publish on Medium).
Earned media refers to the exposure you earn through word-of-mouth marketing. Whether that’s content you’ve distributed on other websites (e.g. guest posts), PR work you’ve been doing, or the customer experience you’ve delivered. Earned media is the recognition you receive as a result of these efforts.
You can earn media by getting press mentions and positive reviews as well as by people sharing your content via their networks (e.g. social media channels).
Paid media refers to any vehicle or channel you spend money on to catch the attention of your buyer personas.
This includes things like Google AdWords, paid social media posts, native advertising (e.g. sponsored posts on other websites), or any other medium through which you pay in exchange for increased visibility.
Since you have a better grasp of what this framework entails, let’s look at an example.
Say you have an owned piece of content on a landing page on your website that’s been created to help you generate leads. You know you want to incorporate different parts of the framework rather than just working with owned, earned, or paid media alone.
To amplify the number of leads the content generates, you make an effort to ensure it’s shareable so your audience can distribute it via their social media profiles. In return, this will increase traffic to your landing page. This is the earned media component.
To support your content’s success, you might post about the content on your Facebook page and pay to have it seen by more people in your target audience.
This is how the three parts of the framework are able to work together — although, it’s not necessary for success. For instance, if your owned and earned media are already both successful, you might not need to invest in paid. So, evaluate the best solution to help you meet your goal, and then incorporate the channels that work best for your business into your digital marketing strategy.
Now you know what’s already being used, you can start to think about what to keep and what to cut.
Keep track of your paid media efforts with this free Paid Media Template.
Download the Template
4. Audit and plan your owned media campaigns.
At the heart of digital marketing is owned media — and it almost always comes in the form of content. That’s because nearly every message your brand broadcasts can be classified as content, whether it’s an About Us site page, product descriptions, blog posts, ebooks, infographics, podcasts, or social media posts.
Content helps convert your website visitors into leads and customers while improving your brand’s online presence. And when this content is search engine optimized (SEO), it can boost your search and organic traffic.
Whatever your digital marketing strategy goal is, you’ll want to incorporate owned content. To start, decide what content will help you reach your goals.
If your goal is to generate 50% more leads via the website than last year, your About Us page is most likely not going to be included in your strategy, unless that page has somehow been a lead-generation machine in the past.
Here’s a brief process you can follow to work out what owned content you need to meet your digital marketing strategy goals.
Audit your existing content.
Make a list of your existing owned content, and rank each item according to what has previously performed best in relation to your current goals.
For example, if your goal is lead generation, rank your content according to which pieces generated the most leads over the last year (such as a blog post, ebook, or site page).
The idea here is to figure out what’s currently working, and what’s not so that you can set yourself up for success when planning future content.
Identify gaps in your existing content.
Based on your buyer personas, identify any gaps in the content you have.
For example, if you’re a math tutoring company and know through research that a major challenge for your personas is finding effective ways to study, create some.
By looking at your content audit, you might discover that ebooks hosted on a certain type of landing page convert really well (better than webinars, for example).
In the case of this math tutoring company, you might make the decision to add an ebook about “how to make studying more effective” to your content creation plans.
Create a content creation plan.
Based on your findings and the gaps you’ve identified, make a content creation plan outlining the content that’s necessary to help you hit your goals.
This should include:
- A title
- A goal
- Promotional channels
- Why you’re creating the content
- The priority level of the content
This can be a simple spreadsheet, and should also include budget information if you’re planning to outsource the content creation, or a time estimate if you’re producing it yourself.
5. Audit and plan your earned media campaigns.
Evaluating your previous earned media against your current goals can help you get an idea of where to focus your time. Look at where your traffic and leads are coming from (if that’s your goal) and rank each earned media source from most effective to least effective.
You can obtain this information using tools like the Sources reports in HubSpot’s Traffic Analytics tool.
You may find a particular article you contributed to the industry press drove a lot of qualified traffic to your website, which boosted conversions. Or, you may discover LinkedIn is where you see most people sharing content, which increases traffic.
The idea is to build a picture of what types of earned media will help you reach your goals (and what won’t) based on historical data. However, if there’s something new you want to experiment with, don’t rule it out just because it’s never been done before.
6. Audit and plan your paid media campaigns.
This process involves much of the same process: You need to evaluate your existing paid media across each platform (e.g. Google AdWords, Facebook, Twitter, etc.) to figure out what’s most likely to help you meet your current goals.
If you’ve spent a lot of money on AdWords and haven’t seen the results you’d hoped for, maybe it’s time to refine your approach, or scrap it altogether and focus on another platform that seems to be yielding better results.
Use this free guide for more on how to leverage AdWords for your digital marketing strategy.
By the end of the process, you should have a clear idea of which paid media platforms you want to continue using, and which (if any) you’d like to remove from your strategy.
7. Bring your digital marketing campaign together.
You’ve done the planning and the research, and you now have a solid vision of the elements that will make up your digital marketing strategy.
To review, here’s what you should have solidified so far:
- Clear profile(s) of your buyer persona(s)
- One or more digital marketing-specific goals
- An inventory of your existing owned, earned, and paid media
- An audit of your existing owned, earned, and paid media
- An owned content creation plan or wish list
To provide a better understanding of what digital strategies entail, check out the following list of basic marketing strategies commonly utilized by teams across a range of industries.
Digital Marketing Strategies
1. Publish a blog.
Blogging is one of the primary ways you can market your business digitally. While a few dissenting voices claim that blogging is “a massive waste of your time,” it’s still a major play for businesses that want to attract customers who are genuinely interested in their products and services.
Why? Because well-written, well-researched blog posts often answer an urgent need for a potential customer. For instance, HubSpot sells marketing software, and our users are typically marketing professionals who create plans, campaigns, and editorial calendars for their employers. For that reason, the topics on our blog directly address these needs:
Don’t blog just because; blog with the intent to solve for the customer. To effectively do so, it’s important to understand your target audience and their pain points. That way, you can write highly targeted content that’s genuinely helpful for readers.
2. Advertise on specific platforms (e.g. Google Ads, Facebook Ads, or Instagram Ads).
An organic blogging strategy is only a portion of the story. It’s just as important to implement non-organic plays, such as paid advertising. Not only will this help you drive more brand awareness, it will also help you reach audiences who can’t find your business organically yet.
This is an important strategy to implement when you’re still growing your blog and not yet getting as much traffic as you want. There are a few types of advertising you should consider adding to your digital strategy:
Nearly every platform has an option for you to advertise — either through a display network (such as Google’s) or through its built-in ad system (such as Instagram’s, Facebook’s, and LinkedIn’s self-serve advertising portal).
Here’s one example of an ad on LinkedIn:
The benefit of advertising is that it’s not dependent on a content or SEO strategy. You simply need to write a few lines of copy, decide on imagery, and launch your advertising campaigns. To ensure that your campaigns are a success, you’ll want to create an advertising plan that outlines who you’re targeting, which channels you’ll be using, and how much you plan to spend.
We recommend downloading the following template to create your plan.
Featured Resource: Advertising Plan Template
Download this Advertising Planning Kit
3. Offer free educational resources.
Your digital marketing efforts don’t stop when you get people to visit your website or click on your ads. You also need to offer them additional value in exchange for their email. While the gated content is free, users “pay” with their contact information. This practice is called lead generation, and it’s essential if you want the opportunity to nurture visitors into eventual customers.
To offer free resources, you would create a landing page that offers a single educational resource: an ebook, a guide, a template, or a kit. Think about what your customers need in their day-to-day to do their jobs successfully. Create a resource that will help them do just that. Here’s an example from HubSpot:
Follow landing page best practices to ensure the visitor is driven to download the resource for free. Limit the use of navigation menus, remove extraneous information, and remove buttons and links that lead out of the landing page. Their only option should be to download the educational content.
4. Search engine optimize your digital content.
SEO is one of the most important plays you can make in your digital strategy. It will help you rank for keywords related to your products and get more eyes on your blog content, as well as your educational offers.
If your product pages aren’t earning traffic, SEO is your best bet to get those pages in front of those who are searching for those products and services. To ensure that your content engages and converts users, it’s important to invest in an on-page SEO strategy.
Not sure how to get started? Download our starter pack below.
Featured Resource: SEO Starter Pack Download Your Free SEO Pack
5. Create an online giveaway and/ or contest.
Giveaways and contests are another way to generate brand awareness online and boost your digital strategy. In exchange for a free product, you’ll get hundreds, if not thousands, of new followers and leads who can be nurtured to become customers.
This method is specially useful if you sell a consumer product or if you provide a service with physical deliverables. For instance, a beauty brand might choose to give away beauty products, while a photographer might choose to give away a free portrait session. Businesses that might not benefit from this strategy include B2B businesses or manufacturers — though you can certainly spin it to serve your needs, like including one free box of product for the first customers to sign up for your mailing list. That’s one potential example.
6. Organize a webinar.
If you don’t feel like a contest is a right fit for your business, then webinars are the next best choice — especially if you’re a B2B company. They’re essential for educating the public about your products and services, as well as giving interested leads an opportunity to hear about your offerings straight from a company representative. That way, they can ask questions and get answers in real time.
Sell a complicated product? Then consider creating a dedicated webinar page on your website, where you list both upcoming and past webinars. Your customers will be able to access educational content that benefits them, and prospects will be able to learn more about your products in a more interactive format than a simple blog post or case study.
7. Produce a podcast.
Audio marketing has been on the rise — all you have to do is look at the ways Clubhouse and Twitter Spaces have gone head-to-head to earn market share. While platforms such as Clubhouse are different from podcasting, the idea is the same: You get to educate and engage an audience while they’re on the go. All they need is a device that plays audio.
For inspiration, check out the HubSpot Podcast Network:
Podcasts can become an essential element in your digital strategy, allowing you to reach people on platforms other than search engines and social media channels. Plus, it’s a much more unplanned, natural medium — though of course you should plan each episode carefully and ensure you’re delivering content that actually serves your readership.
Featured Resource: How to Start a Podcast Download Your Free Guide
8. Create an email marketing campaign.
Email marketing is one of the most important digital strategies you can implement today. It gives you plenty of opportunities to nurture customers who are highly interested in your products. After all, you wouldn’t be subscribed to a newsletter of a brand that doesn’t interest you, and a business isn’t supposed to email customers who haven’t signed up to its mailing list, anyway. Not unless it wants to risk diminishing email deliverability.
You can earn subscribers through your blog, through contests, and even through webinars. Any time someone gives you their email — and every time they give consent to receive communication from you — you have full permission to target them with an email marketing campaign.
Featured Resource: Email Marketing Planning TemplateDownload Your Free Template
Now it’s time to bring all of this together to form a cohesive marketing strategy document. Your strategy document should map out the series of actions you’re going to take to achieve your goals, based on your research up to this point.
Let’s discuss how our digital strategy template can help.
Digital Marketing Strategy Template
While a spreadsheet can be an efficient format for mapping your digital marketing strategy, that approach can quickly become messy and overwhelming.
To plan your strategy for the long-term – typically between six to 12 months out, you need a reliable digital marketing strategy document. But, where to start? With our free digital marketing plan template.
This template will walk you through your business summary and initiatives, help you build your target market and competitor information, and flesh out your marketing strategy — including your budget and specific channels and metrics.
Use this digital strategy template to build out your annual digital marketing strategy and tactics. By planning out these yearly plans, you can overlay when you and your team will be executing each action. For example:
- In January, you’ll start a blog that will be continually updated once a week, for the entire year.
- In March, you’ll launch a new ebook, accompanied by paid promotion.
- In July, you’ll prepare for your biggest business month — what do you hope to have observed at this point that will influence the content you produce to support it?
- In September, you’ll focus on earned media in the form of PR to drive additional traffic during the run-up.
This approach provides a structured timeline for your activity which will help communicate plans among colleagues.
Finally, here are some examples of digital marketing campaigns and their strategies to inspire you.
Digital Marketing Campaign Examples
1. Béis: Paid Ad
Travel accessory brand, Béis, recently launched a social media campaign to announce feature updates to one of its products. And they did it in the best way: by showing instead of telling.
In a 34-second clip, the brand showed how their product performed before and how it performs now following some changes to the material.
This is a fantastic campaign as it not only highlights an improvement on a product but it also shows customers that the brand is constantly iterating and improving. Secondly, they make sure to include captions in the video to ensure that it’s accessible without sound.
2. Omsom: Social Media
Asian food brand Omsom leverages its TikTok profile to share behind-the-scenes content, recipes, and culturally relevant content.
In a recent video, the brand’s co-founder shared how it sources one of its key ingredients and how they chose the more difficult route to preserve the integrity of the food.
@weareomsomhere’s why we choose to make our lives harder as food founders! #business #sourcing♬ original sound – Omsom
Here’s what Omsom did right: They highlighted their brand’s values while still building excitement around the product.
Sharing behind-the-scenes content is a great way to connect with your audience and share details that will simultaneously highlight your mission and/or values.
3. The General: Paid Advertising
After reports that consumers thought the brand was untrustworthy due to its low-budget ads, The General decided to revamp its entire marketing strategy.
In a commercial featuring basketball superstar, Shaq, the brand addressed the elephant in the room and introduced a new-and-improved look.
In addition, they also emphasize their credibility by mentioning how long they’ve been in business and how many people they’ve helped.
By addressing negative perceptions head-on, brands can not only change how consumers view them but also show that they are in tune with their target audience.
Grow Better With Marketing Strategies That Improve Your Digital Presence
Your strategy document will be very individual to your business, which is why it’s almost impossible for us to create a one-size-fits-all digital marketing strategy template.
Remember, the purpose of your strategy document is to map out the actions you’re going to take to achieve your goal over a period of time — as long as it communicates that, then you’ve nailed the basics of creating a digital strategy.
If you’re eager to build a truly effective strategy to help grow your business, check out our free collection of content marketing templates below.
This post was originally published in October 2019 and has been updated for comprehensiveness. Source link