www.MarketingAdvisoryCouncil.com
Premier Marketing Strategies IS Our Top Priority!
Welcome to www.MarketingAdvisoryCouncil.com...
The MarketingAdvisoryCouncil.com was founded as a Premier Business Marketing Website to give you the latest Educational Experience with Intelligence, Strategies, Solutions and Resources for the 21st century.
The Educational Experience we make available here concerns Business and Internet Marketing Issues for the Internet and your Business.
If you’re looking for an organization like ours that finds and presents marketing strategies for you to implement then we hope you realize how fortunate you may be to find all of the marketing intelligence in one place like ours. We strive constantly to present to you professional 21st century Business and Internet Marketing Ideas. In addition, we fight for, promote, recommend, and support common, mutual and united marketing opportunities for businesses for the purpose of making sure they are successful as can be. If you want to gain the knowledge of professional markting techniques in one place, you’ve come to the right place!
We’ll give you the utmost educational experience on this
website for your success, along with the resources you can
count and rely on to help you achieve and conquer the
Marketing Opportunities you need in today's Business World.
We offer some of the best Idea's, Strategies and Solutions
available today in Marketing Development ever put forth
in one place that you won't regret! We Welcome You!
We look forward to hearing your comments, questions and anything on your mind. Feel free to let us know what you would like to see here in addition to what is being presented here. We want to include anything that is on your mind to make sure the issues you like are covered.
Thanks for stopping by. Save us as one of your favorite sites!
JW Davis / President
Email: admin@MarketingAdvisoryCouncil.com
Tel: 727.657.3339
COVERING...
* Online Marketing
* Direct Response
* Media
* Technology
* And Much More!
Marketing Strategy and Planning: The Road Map
Many small to medium sized businesses face a common struggle; a balancing act of plans, strategies, departments and decisions. All of the elements are present, all of the gears in working condition, but business isn't exactly booming at the pace it had anticipated or forecasted for. What exactly does this growth and sustainability require? In a turbulent economy teeming with congested airwaves and aggressive business practices, it's about standing out from the crowd. And surprisingly, your marketing strategy has a lot more to do with it than you might realize.
Conflicted business owners can overcome the masses and draw the customers that are right for their product by executing a stellar marketing strategy, not by yelling louder than their competitors or using neon banners on their storefront (or banner ads on your website). My point is, you don't have to be throwing yourself out there with a bunch of noise all the time. What you need to do is paint a vision for your business, your employees, and your customers. Make promises that nobody but you can keep, and then blow them away with your admirable businesses practices and superhuman skills.
Take a moment to consider this: marketing strategy is the single most important factor in determining the prosperity or deterioration of a business. That's a pretty substantial claim and I'm willing to prove its legitimacy. Marketing strategy distributes itself throughout all the facets of a business, whether intended by its creator or not. This is possible because the strategy is created and defined by the overall objectives of a specific business, and integrates these objectives with a company's unique vision and mission. Put simply, every level of a business should be oozing marketing strategy. Really!
Marketing Strategy
Does it seem far-fetched? Let's examine the relationship between marketing strategy and four key aspects of any business: market research, the marketing plan, corporate identity, and the economy. First, let's get the formalities out of the way and set forth a definitive explanation of what marketing strategy actually is. After scouring several websites for the official definition, I settled on a less-official but more effective description of marketing strategy:
Marketing Strategy:
A strategy that integrates an organization's marketing goals into a cohesive whole. Ideally drawn from market research, it focuses on the ideal product mix to achieve maximum profit potential. The marketing strategy is set out in a marketing plan.
While your marketing strategy is, essentially, a document; its purpose is far more load bearing. Included in the strategy should be your mission statement and business goals, an exhaustive list of your products and services, a characterization or description of your target clients, and a clear definition of how you integrate into the competitive landscape of your industry.
Marketing Strategy v. Market Research
This relationship establishes an order of operations: the first phase in any marketing or branding initiative is research. (See our white paper on this subject: Market Research for SMB's). No matter the scope of your research, whether it is a broad canvassing of your current client list or unveiling specific, detailed findings about your target market, the outcome will have a direct effect on your marketing strategy. It's imperative to find out everything about whom you are trying to reach. What generation are they in? How big are their families? Where do they live, eat, and hang out? How do they spend their free time and money? All of this information will influence and alter your marketing strategy.
Research alone will not benefit your business without a solid marketing strategy. Often, business owners narrowly define market research as the collection and organization of data for business purposes. And while that is technically an accurate definition, the emphasis lies not on the process of research itself, but the impact it commands on future decisions regarding all levels of a company. Every business decision presents different, unique needs for information, and this information then shapes a suitable and applicable marketing strategy.
Research can be a grueling, confusing, and tedious process. From establishing or cleaning out a database to creating surveys and conducting interviews, you can receive a lot of information about your clients and potential clients and wonder what to do next. Before beginning to formulate a strategy, the information and data collected must be organized, processed, analyzed, and stored. Rest assured, with a little creativity and a lot of effort, this will all be molded into a structured, effective, and easily adaptable marketing strategy. Furthermore, continuous and updated research will ensure your strategy is a current and relevant reflection of your target market, marketing goals, and future business endeavors.
Marketing Strategy v. Marketing Plan
In this relationship, the marketing strategy is essentially a guide to judge the performance and efficiency of a specific marketing plan. In simple terms, a marketing strategy is a summary of what you offer and how you are positioned in the market (in relation to competitors' products and services), and your marketing plan is an organized list of actions that you will enforce to achieve the goals outlined in your strategy. The plan will encompass the steps to a real-life application of a marketing strategy, bringing life to your mission and vision. It's your time to show and sell your products and services so that your target market can experience them in the presence that you truly imagined.
Often, businesses lack a balance of creative personality and logic personality. While a business owner might have the creativity to dream up a stellar product, business model, and brand, they may lack the entrepreneurship and discipline to bring it all to life through research, planning and execution.
Marketing Strategy v. Corporate Identity
It's no surprise that some of the most successful and recognizable companies in the world are those who establish distinguished, one-of-a-kind cultures that permeate through every channel of a business and reach customers on a human level. The culture of a corporation, its psychology, attitude, approaches to business, values and beliefs, lays the groundwork for a unique and compelling corporate identity. There is a powerful and undeniable connection between the health of these companies and the identities that their culture has provided.
These companies have discovered the delicate balance between a brand and a strategy, and how this symbiotic connection encourages visibility and growth. The relationship is simple: the marketing strategy represents where a company wants to go, and the culture determines how (and sometimes if) it will get there. Think of a corporate identity - the style, words, images, and colors - as the personification of your marketing strategy. The corporate identity is extended and applied in every phase of the marketing strategy, and plays a stylistic role in its execution.
Let's look at an example. Starbucks, until recently, didn't really have a marketing or advertising budget, per se. Starbucks started advertising in the New York Times and on TV in 2009, and very gingerly at that. Once a week it would print full-page ads in the Times, and on select channels it would air brief, lighthearted commercials.
Prior to, the company was able to very successfully promote itself and its products through word of mouth and slapping the 25-year-old logo on every cup its baristas cranked out, proving that even something as simple as a logo can deeply resonate with consumers. But it was the Starbucks' identity that its millions of customers were happily waiting fifteen minutes in line for. The infamous Starbucks cup rapidly became associated with wealth, leisure, high standards, and urbanites. From college freshman to corporate CEO's, people couldn't get enough.
Starbucks enforced its marketing strategy through clever, catchy campaigns, a genuine and human "front line" at the store level, and for the most part, acknowledging any mistakes or shortfalls that it might've run into. All of these actions are traits, portraying a deeply rooted culture that is exuded from top to bottom of the Starbucks hierarchy. And, love 'em or hate 'em, there's no denying their great success, even in a strained economy.
Marketing Strategy v. The Economy
The economy is an incredibly sensitive subject around the globe. What we've also noticed is that a lot of companies and business owners are using a depressed economic state as a reason (and in some cases, an excuse) for the shortcomings in their business.
For example, a big trend recently has been layoffs. Larger corporations are using weak economies as a reason to purge its staff and cut positions, when it knows just as well that that's exactly the opposite of what needs to happen. Or does it? It's become hard to tell. Is surviving a "depression" really as simple as, say, reassessing your marketing strategy? While an unstable economy is troubling, risky, and unpredictable, it's also an excellent test of the flexibility of your marketing strategy. Your strategy isn't set in stone...the whole purpose of designing a strategy in the first place is for smooth navigation through any given circumstance, whether good or bad.
Unfortunately, many CEOs and CFOs target their marketing departments first in lean times, while the reality is that it should be investing in these areas so that its marketing managers can adjust their strategy to survive-maybe even prosper, through tough times. An excerpt from the blog of R. Bruer, the owner and head of a strategic communications firm in Portland, Oregon, lays it all out:
"Most businesses treat marketing as a discretionary expense, making it an easy target for budget cutters. It's as if marketing is a luxury afforded only when times are flush. Less customer demand, less we can afford marketing, or so conventional thinking goes.
But really, can we ever afford not to market?
It's natural to want to preserve cash during a downturn. I was an employer for nearly 14 years, so I'm sympathetic. But the tendency is to make deep cuts in marketing when sales head south. Companies often start by reducing or eliminating outside expenses, such as advertising, events, sponsorships, research. And when that's not enough, they lay off marketing employees, sometimes the entire department.
The net effect of gutting marketing is to stifle generation of customer awareness, demand and retention just when these things are needed most. It's a penny-wise, pound-foolish decision."
Your Marketing Strategy
While marketing strategy isn't tangible, its role in business is just as dire as the product or service being offered. It's contribution bears significance through every phase of a business plan, from conception to execution and far beyond these four aspects of research, planning, identity and economy.
Marketing strategy will continue to fold itself into business plans as long as it is created and executed properly.
Research on your industry and competitors will enable you to develop and formulate a proper, pliable strategy.
From here, your marketing plan will act as a guide that will bring your strategy to life, attaining and exceeding the goals outlined, all while establishing your corporate culture and identity. Remember, the culture piece works two ways. Your culture helps to form the strategy, and following that strategy will reinforce your culture. Lastly, your strategy must be both strong and flexible enough to withstand the most difficult or unpredictable of circumstances, such as an economic depression, new trends or competitors in your industry.
Strategy is a small piece of a much larger picture. It can all be overwhelming at times, sure, but it's part of the adventure. With dedication, organization, and a champion marketing team (ahem! B&A), the pieces will come together with ease, allowing for the truly awesome personality of your business to shine, and profits to follow shortly thereafter.
Web: www.MarketingAdvisoryCouncil.com
JW Davis - Founder/President
Email: MarketingMostWanted@gmail.com
Office: 727.657.3339
Please Feel Free
To Contact Us Anytime
We Would Love To Hear From You!
Marketing for the 21st Century...
Marketing Education, Intelligence, Issues, Strategies & Solutions
Directories - Lists - Special Reports - Resources - WhitePapers
Online Marketing: A Comprehensive Overview
Online marketing, also known as digital marketing or internet marketing, utilizes digital channels to promote businesses, brands, products, and services to potential customers. It encompasses a wide array of strategies and techniques, including:
Social Media Marketing: Engaging with audiences and promoting content on platforms like Facebook, Instagram, X (formerly Twitter), LinkedIn, Pinterest, TikTok, and Snapchat.
This includes both organic (unpaid) strategies like creating shareable content and paid strategies involving running targeted ads.
Search Engine Optimization (SEO): Optimizing website content and structure to rank higher in search engine results pages (SERPs) and attract organic (unpaid) traffic. This involves keyword research, content optimization, technical SEO improvements, and off-page SEO tactics like building backlinks.
Search Engine Marketing (SEM): Utilizing paid advertising programs like Google Ads or Bing Ads to display ads in search engine results, typically on a pay-per-click (PPC) basis.
Content Marketing: Creating and distributing valuable, relevant, and consistent content (blog posts, articles, videos, infographics, etc.) to attract and retain a clearly defined audience and drive profitable customer action.
Email Marketing: Building and nurturing an email list to send promotional messages, newsletters, updates, and personalized offers to customers and potential customers.
Influencer Marketing: Partnering with individuals who have an established online following to promote products or services to their audience.
Affiliate Marketing: Partnering with other websites or individuals to promote products or services in exchange for a commission on sales generated.
Video Marketing: Utilizing video content (short-form videos, webinars, product demos) across platforms like YouTube, TikTok, and social media to showcase products and engage with audiences.
Web Design: Optimizing website design for user experience and conversion, ensuring it's easy to navigate, mobile-friendly, and visually appealing.
Display Advertising: Placing banner ads, video ads, or interactive ads on third-party websites to reach a wider audience.
Benefits of online marketing
Global Reach and Accessibility: Connecting with customers across borders and time zones, expanding market reach beyond geographical limitations.
Cost-Effectiveness: Often more affordable than traditional marketing methods, allowing businesses to control spending and maximize ROI, according to WebFX.
Measurable Results: Tracking key metrics like conversion rates, ROI, CTR, and website traffic provides insights into campaign performance and allows for data-driven adjustments, according to Meltwater and Adobe for Business.
Precise Audience Targeting: Utilizing online data and tools to target specific demographics, interests, and behaviors, reaching the most relevant audience.
Enhanced Customer Engagement: Facilitating two-way conversations with customers through social media, email, and other platforms, building stronger relationships and loyalty.
Flexibility and Adaptability: Allowing for real-time adjustments to marketing strategies and campaigns based on data and market trends.
Improved Conversion Rates: Delivering personalized and relevant content to engaged audiences at the right stage of their buying journey, leading to higher conversion rates compared to traditional marketing.
Building an online marketing strategy
Define your goals: Clearly outline what you want to achieve with your online marketing efforts (e.g., increase sales, generate leads, build brand awareness), making them Specific, Measurable, Achievable, Relevant, and Time-bound (SMART goals).
Identify your target audience: Research and create buyer personas to understand their demographics, interests, behaviors, and pain points.
Choose the right channels: Determine which platforms your target audience uses most frequently and where they are most likely to engage with your content.
Develop your content strategy: Plan the types of content you'll create and the messaging you'll use to address your audience's needs and interests.
Set your budget and resources: Allocate funds for advertising costs, content creation, and labor costs, ensuring they align with your goals and available resources.
Execute and optimize: Launch your campaigns, track your performance using relevant metrics (KPIs), and continuously adjust your strategy based on the results, according to WebFX.
Tools and software
A variety of tools and software are available to assist with online marketing efforts, including:
By understanding the various components of online marketing, businesses can develop and implement effective strategies to reach their target audience, drive growth, and achieve their marketing goals in today's competitive digital landscape.
