marketing planning techniques webinar 140313
TRANSCRIPT
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Welcome to Digital Marketing Planning Techniques Webinar
Thursday 14th March 2013
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Welcome
Your webinar presenter today is:
Red Barrington
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Digital Marketing Planning
Digital Marketing Planning Techniques
Learning Outcomes
• Understand the steps involved in, and the process for developing, a digital marketing plan
• Understand the potential barriers that affect digital planning • Understand the importance of reporting and measuring on a digital
marketing plan
Digital Marketing Strategy
An Digital Marketing Strategy will aim to:• Provide direction to Internet marketing activities• Analyse the organisation’s external environment and internal resources• Articulate digital marketing objectives and support marketing objectives• Selection strategic options to achieve digital marketing objectives and
create a sustainable competitive advantage• Include strategy formulation such as STP and specification for the
marketing mix
• Specify how resources will be deployed and the organisations will be structured to achieve the strategy
Provides a consistent direction for an organisations digital marketing activities so that they integrate with other marketing activities and support its objectives
Provides a consistent direction for an organisations digital marketing activities so that they integrate with other marketing activities and support its objectives
What is Digital Marketing Planning?
• If digital marketing is using digital technology and devices effectively to reach existing and potential customers to engage, inform and communicate
• Then…Digital Marketing Planning involves using the correct methods and systems to determine how we will achieve this and link it to the organisation's overall strategies and objectives
A Digital Marketing Planning Framework
Chaffey, 2008
RACE
• This Planning framework is based on the SOSTAC approach; however, it has been adapted for Digital Marketing
• This key difference is rather than using the 7 P’s, the RACE acronym is used to focus on tactics that Reach, Act, Convert and Engage digital audiences
Smartinsights.com
Situation Analysis
Chaffey, 2012
The situation analysis should include:•Macro environmental factors•Micro environmental factors•Internal factors•SWOT
What Information Do we need
Effective marketing decisions are reliant on information in four main areas:
• Information about your own business
• Information on customers
• Information on other organisations
• Information on the marketing environment
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Understand the Trends
Source: http://www.keyworddiscovery.co.uk/Source: http://ubersuggest.org/
Tools to try:
•Google Trends •Ubersuggest•Google Keyword Tool•Keyword Discovery•Hootsuite•Tweetdeck•Alexa•Google Alerts
Objectives
Objectives – 5 S’s
• Sell – Grow sales• Serve – Add value• Speak – Get closer to
customers• Save – Cost savings• Sizzle – Extend the brand
online, reinforce brand
Chaffey, 2012
1. What are the sources of the company's sustainable competitive
advantage?
2. How will a company position itself against competition in the
market over the long run to secure a sustainable competitive
advantage?
3. Does it have the resources and value chain to be able to support
this?
4. What are the key strategic priorities?
5. What trade offs have to be made?
Strategy Answers the Following Questions
Strategy: Marketing and Product Development Strategies
Ansoff’s Matrix can help organisations
think about how online channels can
support marketing objectives and
suggest innovative use of the
channel to deliver newproducts and more
markets
Chaffey, 2012
Segmentation, Targeting and Positioning
The most important decisions at this stage are:
•Segmentation/target strategy as an organisation’s online customers will have differing characteristics, needs and behaviours to offline customers •Positioning strategy as competitors’ products and service offerings will differ in the online environment
Chaffey (2012)
Sell• Reach during buy-mode• Sense and Respond to increase lifetime value
Speak• Research needs • Inform and build
relationships through e-mail
Serve• Provide online
content and services
Save• Sell and service
more efficiently
Sizzle• Differentiate our brand
The Online Value Proposition: How To Deliver Value?
VALUE FROMCUSTOMERS
VALUE FROM
COMPANY
Cost• I want the best deal• Be cheaper to own
.
Convenience• Save me time
• Be faster & simpler
Content• Help me decide
• Make my life easier
Customisation• Tailor it for me
• Personalise my recommendations
Choice• Fit my unique needs
• Making the right choice
Community• I want to belong
Chaffey, 2007
Tactics – The Marketing Mix
Tactics - RACE
Actions
Who does what and when?
•Gantt Chart
•Responsibilities and Structures•Resource Allocation•Marketing Activity Plan •Social Media Activity Outline
•Policies
Identify Your Resources
Control
Goal setting
Performance Measurement
Performance diagnosis
Corrective action
CONTROLWho?
MEASUREWho?
When?How?
REVIEWWho?
When?
Chaffey, 2004
Key Measurements for Digital Media
Media Measurements available
Websites • Traffic • Frequency of visits• Pages viewed per visit• Referrer • Conversions
• Browser used• Geographic location• Bounce rates• Seasonality
Blogs and social media • Traffic• Frequency of visits• Pages viewed per visit• Comments
• Likes/retweets • Subscribers• Fans/followers• Track backs• Posts/words per post
Advertising & promotional campaigns
• Traffic (Impressions)• Clicks and click-through rates• Conversions• Seasonality • Referrer• Promotional codes used
Key Measurements for Digital Media
Media Measurements available
Email campaigns • Subscribers• Bounce rates (emails not delivered due to incorrect details)• Emails delivered• Number of emails opened• Clicks and where users clicked• Conversions
Mobile websites and Apps • Traffic• Frequency of visits• Pages viewed per visit• Referrers• Subscribers• Device used (screen resolution)• Bounce rates• Geographic location
Campaign Measurement
Step 0.
Step 1.
Step 2.
Step 3.
Step 4.
Step 5.
Step 6.
Volume = Unique visitors / Reach (%)
Quality = Conversion rate
Cost = Cost per Click (CPC)
Cost per acquisition (CPA)
Campaign ROI
Branding metrics
Lifetime value
Measures used for setting campaign objectives or assessing success
Sop
hist
icat
ion
Chaffey, 2012
Monitoring Tools
• Culture – is it external or internally
• Politics
• Too much analysis, not enough action
• Resource issues – human, financial, time
• Skills and technology
• Fear and lack of knowledge
• Inability / Lack of willingness to change fast enough or at all / or
to challenge existing ideas and processes
Barriers to Planning
Questions?
Thank you
Additional resourcesDigital marketing strategy:
http://www.davechaffey.com/Internet-Marketing/10-steps-to-developing-a-digital-strategy-4th-edition-of-internet-marketing-book/
Digital marketing strategy and plan template: http://www.smartinsights.com/blog/digital-marketing-strategy/digital-marketing-planning-template
Internet Marketing planning using SOSTAC: http://www.davechaffey.com/guides/internet-marketing-strategy-e-marketing-strategy/
http://www.smartinsights.com/managing-digital-marketing/capability-performance-review/sostac-marketing-plan-infographic/
Goals for Digital Marketing
http://www.smartinsights.com/goal-setting-evaluation/goals-kpis/goals-for-your-digital-marketing/
How to write a digital marketing plan
http://webyogi.co.uk/how-to-write-digital-internet-marketing-plan/
The State of Digital Marketing
http://mrmarketingservices.com/the-state-of-digital-marketing-2012/
The Digital Marketing Plan
http://connectedculturebook.com/digital-marketing-plan/
Use Ansoff Matrix to identify your growth strategy
http://www.hjmbd.ie/use-ansoffs-matrix-to-identify-your-growth-strategy/
Mind View Gantt Chart
http://www.matchware.com/en/special/gantt-chart.php
PR Smith’s The SOSTAC® Guide to writing the perfect plan
http://www.amazon.co.uk/SOSTAC%C2%AE-Guide-writing-perfect-ebook/dp/B0063GDKMA