leadit marketing: what goes in a marketing plan
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What Should Go Into A Marketing Plan?
Presented by Shannon Prager
President, Leadit Marketing
AGENDA
• About Leadit Marketing
• About Me
• Why a marketing plan is important
• What could go in to your marketing plan
• Deep dives into each area of a marketing plan
• A few best practices
• Leadit Marketing’s approach
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
ABOUT LEADIT MARKETING
• Integrated B2B demand generation services provider
• Focused on lead generation and campaign execution
• Optimizing the lead flow through marketing
automation and process improvement
• Focus on Sirius Decisions Waterfall Methodology
• Concentration in technology sector
• Founded in 2008
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
ABOUT SHANNON PRAGER
• 16 years of B2B technology marketing
experience
• Broad range of marketing expertise:
• Demand Generation
• Lead generation
• Public relations
• Analyst relations
• Inside sales
• Field marketing
• Customer relations
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
WHAT A MARKETING PLAN COULD INCLUDE
• Mission Statement
• Target Markets/Segmentation Strategies
• Buyer Personas
• Messaging/Offerings by Segment
• SWOT Analysis
• Market Influencers
• Content Marketing Audit
• Marketing Objectives and Strategies
• Marketing Tactics
• Expected Results/Goals
• Marketing Budget
• Messaging Platform
• Competitive Analysis
• Existing Marketing Audit
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
WHY A MARKETING PLAN IS IMPORTANT
• To identify sources of competitive advantage
• Evaluate your mission and vision for relevancy
• Focus on your strategic target markets and their needs
• To help determine and focus on priorities
• To get the resources you need to implement your plans
• To obtain the organization support at all levels
• To set objectives and strategies for chosen segments
• To gain commitment towards goals
• To define strategies, tactics and programs
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MISSION STATEMENT
What is the purpose of a mission statement:
• A mission statement should guide the actions of the
organization, spell out its overall goal, provide a path,
and guide decision-making
Three parts to your company mission statement:
• To determine your purpose
• To determine your business
• To determine your values
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
TARGET MARKETS/SEGMENTATION STRATEGIES
Begin with a focus:
• Who are your target markets?
• What industries do they represent?
• What size company do they represent?
• Why do they need your services?
• What is going to make this company buy your
services?
• What is the channel of distribution for this market?
• Who makes up the buying team?
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
BUYER PERSONAS
Then get even more focused:
• Do you know your buyer?
• Do you know the company they
represent?
• Do you understand their company’s
business?
• Do you know their needs and
requirements?
• Do you know where they buy?
• Do you know who makes up their buying
team?
• Do you know their business processes?
• Do you know how to reach them with your
marketing and sales messages? Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MESSAGING AND OFFERINGS BY SEGMENT
• What is the buying process for these customers?
• What are the key decision factors that make them
choose one vendor over another?
• Is the decision around price, service, support or quality,
etc.?
• Is price more important than product/service and why?
• Is product/service more important than price and why?
• Where do these segments go for information about
your services?
• What messages will generate the right response and
what information will be most effective?
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
SWOT ANALYSIS
• What advantages do you have?
• What do you do better than anyone else?
• What do people in your market see as your strength?
• What could you do to improve?
• What should you avoid?
• What are other companies/people likely to see as your
weakness?
• What are good opportunities for you?
• What could threaten your business?
• Where is the industry going?
• What are your objectives as it relates to this target
market?
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MARKET INFLUENCERS/SOCIAL NETWORKING
Identifies key influencers and social networks that
influence your buyers.
This could include:
• Social networks to drive mass impressions
• Journalists
• Academics
• Analysts
• Professional advisors
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
CONTENT MARKETING AUDIT
Inventory of existing content and marketing assets
• Identifies what can be leveraged in new marketing
campaigns
• Identifies content gaps so we know where to focus
development/resource time
• Each asset will be aligned to a Marketing Purpose (ex:
Thought Leadership, Education, etc.) and Buying Stage
(ex: Awareness, Consideration etc.)
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MARKETING OBJECTIVES AND STRATEGY
Marketing objectives determine where your want to be and
how you are going to get there.
Marketing Objectives:
• Intended goals of a company’s marketing campaigns.
• Marketing objectives are often listed as Specific
Measurable Actionable Realistic Time sensitive (SMART)
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MARKETING OBJECTIVES AND STRATEGY
Marketing objectives determine where your want to be and
how you are going to get there.
Marketing Strategy:
• A detailed blueprint on how to achieve the marketing
objectives
• Strategies list which steps to take, specific action
necessary to achieve each step and the expected
timeline by which to accomplish each stage
• Strategies will focus on the 4Ps of marketing: Product
(Service), Promotion, Price, Place (Distribution)
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MARKETING TACTICS/GOALS
• Identifying the components of your marketing mix:
• Advertising
• Sales Force Promotion
• Direct Marketing
• Public Relations
• Social Networking and Monitoring
• Partner Events
• Industry Events
• Association Marketing
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
BUDGET
• Research and capture the price of different marketing
tactics
• Allows you to add up all that you need to do to
accomplish your marketing plan
• Will provide benchmarks/best practices on target leads
to meet goals
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
Your marketing plan could also include the following:
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MESSAGING PLATFORM
The foundation for all future communication
• Corporate positioning statement
• Supporting key messages
• Supporting proof points
• Customer value proposition
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
COMPETITIVE ANALYSIS
Assessment of strengths and weaknesses of current and
potential competitors
• Determines who your competitors are
• Ranks products/services in terms of value and target
markets
• Identifies strategies used by each competitor to
achieve their objectives
• Evaluates how each competitor markets themself
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
EXISTING MARKETING AUDIT
• Independent audit of your existing marketing
environment
• Reviews roles/responsibilities of current marketing
team
• Reviews current marketing objectives and strategies
• Identifies problem areas and opportunities
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
MARKETING PLAN BEST PRACTICES
• Focus on selecting only a few target markets
• Play to your strengths and not your weaknesses
• Having too many strategies is worse than having none
at all
• Make sure your marketing plans and budget is practical
and measurable
• Assign specific responsibilities and tasks to specific
people
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883
NEED HELP WITH YOUR MARKETING PLAN?
We do this for a living!
Shannon Prager
P: 214-228-7883
www.leaditmarketing.com
Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883