A survey done by Search Engine Journal found that the majority of small businesses* do not have a marketing plan developed.
Why is this? It may be because it’s difficult to set aside time for planning, or perhaps the business owners don’t know where to begin.
But the investment in planning will pay off. So, if you're one of those business owners that is considering developing a market plan that will enable you to reach your longer term objectives - or maybe have one but it is a couple of years old - here are five reasons why many consider market planning as one of the key ingredients for success.
5 reasons why you should develop a marketing plan:
1. It helps you think through your goals and values so you can align your marketing efforts.
You then can formulate marketing objectives and initiatives that help your organization achieve its mission.
For example -- your goal may be to become the leader in your area of expertise, increase profitability, or have a well-compensated and loyal employee base. Or perhaps you want to be able to give support to your local community or plan to sell your business in a few years. Whatever your objectives are, the planning process will help you see if your goals are feasible and serve as a structure for actions to move towards attaining them.
2. It helps you understand your customers and competitive situation.
Marketing plans usually include an industry overview, target market demographics, marketing objectives, and specific tactics that will be used.
3. It helps you focus.
There are many marketing tools and opportunities; it’s easy to become distracted and lose sight of your intended business goals. Having a plan acts as a compass - it will help you see where you want to go and assure you that you are heading in a direction aligned with your goals and core values.
For example -- you may have some great new ideas for your business that you’ve been wanting to try. If they are included in the planning process, you’ll be able to consider how they fit in, and the ideas won’t be forgotten or be thrown in as an afterthought.
4. It helps you establish tasks, timelines, and milestones.
A good marketing plan includes clearly defined objectives and tactics; outlining these makes it easier to identify the tasks that need to be done, who should do them, and when they need to be done. This will help you get the most out of promotions and seasonal or local events.
5. It will help make the most of your resources.
Once you know what you need to do, you can develop a budget and prioritize spending. You may also identify areas in which you’ll require financial assistance, or better yet, eliminate those activities that are costing you time and money but are not effectively driving your business towards your vision. Having a well thought out marketing plan shows you mean businesses.
Set aside some time to create a sound marketing plan for your business – you’ll be glad you did!
If you are having a hard time getting started or just need someone to help solidify your planning, Contact us for a market planning template.
* businesses with fewer than 50 employees
This blog continues our exploration of how to maximize the effectiveness of your webinar.
For more webinar tips, check out our previous blog.
You’ve probably heard the words recycle, reuse applied to packaging and other items -- and they apply to marketing content, as well!
A webinar’s life doesn’t have to end when the last participant logs off. It’s common to send a recording to everyone who registered, so even if they didn’t attend the live broadcast, they can view the content.
But wait -- there is more you can do to get a better return on the effort you've put into the webinar!
1. Post the webinar recording on your website
You can add the recording to your website as new content.
There are several ways to approach this.
* You can use a dedicated page for webinars, so visitors can easily find your webinar archive from the search bar. This can be a collection of videos embedded on a single page or even a branded channel.
* Or you could host individual webinars on blog pages and add a summary to your video presentation.
2. Create a blog post or two around webinar topics
If you have a blog, this is a good place to reuse your information. Especially if you have details that might be hard to remember, like step-by-step instructions or useful links. If your webinar includes an expert from outside of your organization, you can ask them if they would guest post. If they agree, you’ll not only have their expertise, but it will also help increase your site’s reach if they share the post with their network.
3. Use the Q&A and poll questions
Capture and examine the questions asked by participants during the webinar. They are an indicator of where your audience may want additional information. If you have a number of questions, you can organize and use them for follow-up blogs or emails. In addition, your target audience might be interested in the results from polls taken at the webinar. Poll results makes handy “bite-sized” content that can be shared on social media, blog posts, or as a callout in an eBook.
4. Create an eBook or report
Some topics are complicated or have associated information that can be made into an in-depth report or eBook. The eBook could follow the presentation outline or explore a specific area in more depth. If you plan ahead, you can offer it in your webinar follow-up communications. If the information in the report is unique and valuable to your target market, you can also try using it as gated content for lead generation.
5. Create branded graphics
Any new or convincing data, insights, or quotes covered by your webinar should have easy-to-understand visuals. Make the slide content into graphics using colorful images that are compatible with your brand. Individuals like sharing graphics with compelling data or strong quotes, and these bits of content are great for catching your audience’s attention while they’re scrolling on their feed. You can even add a hook, like “What do less than 50% of small businesses have?”
6. Cut your content into short clips
Identify informative, entertaining moments from your webinar and turn them into short video clips.
How short? This depends on the content and the audience, but remember attention spans are shrinking, and individuals want content that delivers the message quickly. In a recent Facebook test, the 6-second video emerged as an ideal ad length.
You can use the clips in follow-up emails to encourage no-shows to view the recording, or on social media with a link to the full recording.
7. Repurpose the content for your next conference or presentation
Review the feedback from the webinar – if it was well-received, and the topic/format works, you may want to use it for a future event. If you received any suggestions, adjust/update the slides to optimize the presentation.
Planning ahead can help you make the best of your webinar content. So when you are preparing for your next webinar, think about reusing and recycling!
*What do less than 50% of small businesses have? Answer: A marketing plan -- we'll cover that in our next blog.
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Webinars have been around for many years and the pandemic amplified their importance as a marketing tool. Zoom and other webinar applications have made it easier to host -- and increased the number and variety available. They are everywhere!
While this is great news for continual learners, it makes it even more critical to communicate and deliver value to the participants. While a thoughtful and educational webinar can add to an organization's reputation, a poorly planned one may not attract a large enough audience to get an ROI. And a thinly veiled sales pitch advertised as a webinar can even hurt your brand.
If you are new to webinars, or feel you're not getting the results you expected, check out these tips.
Before you begin, evaluate if a webinar is the best tactic.
Think about your objective: is it long term, like thought leadership/brand building or shorter term, like lead generation? Is this the best way to reach it? Would an alternative tactic, such as a whitepaper or video accomplish the same goal?
Then, consider your target market:
If you have found a topic that aligns with your objective and target market, list the “takeaways” – what the participants will gain from attending -- you can add this to your invitations.
Then, while you are composing your slides, check out these 7 tips for successfully delivering your webinar.
Tips for successful delivery:
1) Keep your slides simple and interesting
3) Keep introductions brief and hold any overt sales pitches until the closing remarks.
4) Speak clearly -- use terms your audience can understand, and when necessary, define technical jargon
5) Bring the participants into the conversation
6) Keep a handle on the logistical details
7) Plan to follow up
After the webinar, use the audience feedback to make your next webinar even better.
Throughout the process, remember that you are trying to create value for the attendees so they will have a positive perception of your organization.
Watch for our next post on ways to repurpose your webinar content, or better yet, subscribe to our e-newsletter!