Over the last 10 years or so, marketing has moved more towards digital, thanks to the prevalence of fast wifi connections, smartphones, social media and data analysis. In today’s hyper-connected world every business should have a digital marketing strategy.
In it or on it?
Most businesses tend to utilise digital marketing channels, however many businesses don’t have an actual digital marketing strategy. Building an effective digital marketing strategy involves gaining insights from data in order to make informed marketing decisions. The end goal is to understand your customer’s digital experience in order to maximise new business / sales opportunities for your firm.
Doesn’t have to be complicated
A digital marketing strategy doesn’t have to be overly complicated. Depending on the size of your firm and the budget that you have available, your digital marketing strategy could be as simple as leveraging social media channels and having an effective website.
Look at the data
Data analysis forms a key part of your digital marketing strategy. You can use free tools such as Google Analytics in order to understand the profile, location and number of visitors to your website and social media pages. You can gain insights from your data – such as “on average, it takes 150 views of your social media posts to generate 1 new business enquiry.” Using this example, lets say that your target is to generate 10 new business enquiries per week. That means that you need to achieve at least 1500 views per week in order to generate the required number of enquiries. Setting this type of objective forms the basis of your digital marketing strategy.
Know who you are reaching out to
In order to create a truly effective digital marketing strategy, you need to understand your potential customers. Start by creating a profile of your target customers. Look at the demographic data – age, location, gender, etc. Then dig a bit deeper and identify the problems that you and your business can try to solve for these potential customers.
Engage with your connections
Don’t forget to identify the profile of the people who influence your customers. These will be the influencers that your digital marketing strategy should target, in addition to your potential customers and existing client base.
Right place right time
Finally, choose the media that is most likely to be used by your target customers. For example, if your customers are business people, perhaps LinkedIn is a more effective social media tool for reaching your target audience than Facebook or Instagram.
Don’t be shy
Come along to the Accelerator Club and see how other businesses are dealing with the social media challenge. We learn from each other!