leadit marketing: what goes in a marketing plan

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1 What Should Go Into A Marketing Plan? Presented by Shannon Prager President, Leadit Marketing

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Page 1: Leadit marketing: What goes in a marketing plan

1

What Should Go Into A Marketing Plan?

Presented by Shannon Prager

President, Leadit Marketing

Page 2: Leadit marketing: What goes in a marketing plan

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

Page 3: Leadit marketing: What goes in a marketing plan

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

Page 4: Leadit marketing: What goes in a marketing plan

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

Page 5: Leadit marketing: What goes in a marketing plan

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

Page 6: Leadit marketing: What goes in a marketing plan

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

Page 7: Leadit marketing: What goes in a marketing plan

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

Page 8: Leadit marketing: What goes in a marketing plan

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

Page 9: Leadit marketing: What goes in a marketing plan

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

Page 10: Leadit marketing: What goes in a marketing plan

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

Page 11: Leadit marketing: What goes in a marketing plan

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

Page 12: Leadit marketing: What goes in a marketing plan

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

Page 13: Leadit marketing: What goes in a marketing plan

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

Page 14: Leadit marketing: What goes in a marketing plan

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

Page 15: Leadit marketing: What goes in a marketing plan

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

Page 16: Leadit marketing: What goes in a marketing plan

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

Page 17: Leadit marketing: What goes in a marketing plan

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

Page 18: Leadit marketing: What goes in a marketing plan

Your marketing plan could also include the following:

Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883

Page 19: Leadit marketing: What goes in a marketing plan

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

Page 20: Leadit marketing: What goes in a marketing plan

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

Page 21: Leadit marketing: What goes in a marketing plan

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

Page 22: Leadit marketing: What goes in a marketing plan

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

Page 23: Leadit marketing: What goes in a marketing plan

NEED HELP WITH YOUR MARKETING PLAN?

We do this for a living!

Shannon Prager

P: 214-228-7883

[email protected]

www.leaditmarketing.com

Copyright Leadit Marketing LLC www.leaditmarketing.com | P: 214-228-7883