Digital marketing is crucial for businesses to connect with target audiences, build trust, and achieve measurable goals through various channels.
There is no doubt that digital marketing has become so much more complicated, yet so much more important in the last couple of decades. But, there are a tonne of undeniable benefits when it comes to investing your time and money in to a solid digital marketing strategy.
It can help you to:
So where do I begin, you ask?
Let’s discuss some tips to figure out how to master your own digital marketing strategy.
Starting with an honest “SWOT” analysis will help will help you to analyse your business, focusing on internal strengths and weaknesses and external forces that are beyond your control.
It can help you to answer questions like:
What are we doing well?
What resources, knowledge and talent do we have?
What are your advantages do we have over our competition?
Where can we improve?
What do we receive the most complaints or negative comments about?
What stops us from making sales?
What opportunities have we not addressed?
Are there any emerging trends that we can capitalise on?
Is there an under-served segment in our audience?
What external obstacles do we face that could block progress?
Are there potential financial or political issues that could impact our business?
How do you truly know if you’re growing if you’ve set no goals?
Set some clear, specific and measurable goals.
Have you ever heard of SMART goals?
Specific, Measurable, Achievable, Relevant, Time-bound.
This is the best rule of thumb when you’re setting goals. That’s right, you need to know what you’re going to do, when, in what amount of time, but don’t go too crazy! Bigger goals take longer, so keep it achievable.
You might be looking to gain 30 new Facebook followers next month or are aiming to increase your website traffic by 20% this year.
Only you know what is achievable.
One of the absolute best things about digital marketing is that you can be so specific about WHO you want to target. Therefore, knowing who your target audience(s) is pretty important, well, actually, it’s critical.
If you’re a new business you would think about what problem your product(s) or services(s) solve and who you created them for. However, if you’re an established business you might take a look at who your current customers are and you might even think about looking outside of the box and think about who else might find them valuable.
Where are your customers located? How old are they? What are their interests and values? Why would they want to buy from me and not my competitor? These are questions that can help you to define your audience(s) in to segments using demographics, geographics, psychographics and behavioural characteristics.
There’s always going to be competition, but, that’s not always a bad thing.
Find your competition, direct and indirect, and look at what they are doing. What do you do better? What do they do better? How can you improve or further distinguish your brand?
Analyse their products, services, pricing, location, marketing strategies and even their customer reviews.
Use this knowledge to strengthen and improve your business.
Deciding on what marketing channels to utilise is important.
The majority answer will come from who your target audience is and what your goals are.
Remember when we discussed defining your goals earlier? Are your goals about creating more brand recognition or creating a stronger brand loyalty? Focus on utilising appropriate social media platforms. Or, do you want to drive more traffic to your website and boost your conversion rate? In this case, you might focus on SEO and PPC. It’s not always a black and white decision, and different forms of digital marketing have a number of advantages.
Social media marketing elements that you can (and should) utilise:
Pay-per-click advertisements can be seen as a shortcut to the top of Google (or other search engine) results. The great thing about PPC is that it’s cost effective. You don’t have to pay until someone clicks on your ad, but impressions (brand recognition!) are free. PPC is targeted, fast and you have the ability to retarget potential and likely customers.
Although PPC ads seem simple, you need to make important decisions in order to catch the attention of the right customers. What keywords will you target? What ad groups are you interested in? What’s the best way to get conversions, not just clicks?
Email marketing is a great strategy for established businesses. Have you ever been offered a cheeky 20% off your first order? All you have to do is sign up! This is a great way to start or continue building that data base of customers that you desperately want to communicate with.
It’s proven that email marketing improves sales (if you do it the right way).
How can you do this?
Make sure that you are continually optimising your website so that it is found by the right searchers. SEO is crucial to your website visibility, and it is an on-going process that needs to be revisited regularly.
To conduct SEO you need to focus on:
We all have to work within our means, right?
When creating a budget we have to consider a number of elements.
Who will be responsible for Digital Marketing tasks? Are there tasks that can be performed by current talent. Are there tasks that will need to be outsourced?
Consider the costs for:
Additionally you will need to decide on how much you would like to allocate to paid advertisements on social media and PPC. Hint- it’s always a good idea to allocate some of the budget for experimentation with ad copy, styles and visuals.
When planning your calendar, you always want to be planning at least a couple of months in advance.
We all know that conjuring great ideas and executing them takes time!
When it comes to social media platforms, they love consistency. In fact, people do too. In general, you also want to stay at the front of customer’s minds (but not so much that you’re just plain annoying).
With this in mind, decide when you are going to schedule your communications and create a calendar with your ideas. From here, you need to ensure that you create the content well in advance so that they are scheduled and released on time.
A lot of digital marketing is about learning your audience and constantly testing.
There is always an opportunity to learn. How can we improve?
Analyse your results monthly. Learn what is isn’t working. Notice what your audience is responding to and what they have barely noticed. Think about where you need to spend more time. Every month won’t be the same. Some months will be crazy (think of the Christmas build up) and others will tick along.