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Executing a Pull Marketing Strategy Kevin Krason CEO, Biznet Internet Solutions

Executing a Pull Marketing Strategy

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Presented at Big-Detroit’s January event "How to Attract and Retain Customers: Executing a Pull Marketing Strategy"

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Page 1: Executing a Pull Marketing Strategy

Executing a PullMarketing Strategy

Kevin KrasonCEO, Biznet Internet Solutions

Page 2: Executing a Pull Marketing Strategy

Agenda

• Pull Marketing Defined

• Digital Marketing Solutions

• Strategy

Page 3: Executing a Pull Marketing Strategy

Traditional Marketing…

Page 4: Executing a Pull Marketing Strategy

Traditional Marketing is Dead

Page 5: Executing a Pull Marketing Strategy

Outbound vs. Inbound MarketingOUTBOUND (Push) INBOUND (Pull)

Telemarketing Search Marketing

Trade Shows Blogging

Direct Mail Social Media

Email Blasts RSS/Content Syndication

Print Ads / Press Releases Articles, Ebooks, White Papers

Television / Radio Videos / Presentations

Inbound Marketing is desired, impactful, targeted, and extremely cost effective.

Page 6: Executing a Pull Marketing Strategy

Change in Ad Spending by Medium2008 to 2009

Media Type % Change

Television -9.7%

Magazine -20.5%

Newspaper -25.5%

Internet Display Ads 8.2%Radio -26.2%

Outdoor -14.6%

According to marketingcharts.com, “US Ad Spend Plunges 14.2%; Only Online Posts Growth”

Page 7: Executing a Pull Marketing Strategy

Forecast: US Interactive Marketing Spend, 2009 to 2014

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Top online marketing thought leaders stress the importance of Inbound Marketing

Seth Godin: Content Marketing is the only marketing left.

Rohit Bharagava: The real secret to great marketing is creating compelling and useful content.

Brian Clark: Online, great content is effective advertising and smart marketers are the new media.

David Meerman Scott: Getting customers used to mean interrupting people with product messages. Today it’s all about compelling content.

Page 9: Executing a Pull Marketing Strategy

Inbound Marketing is more Cost Effective

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Search Engine Marketing(SEM)

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Americans conducted 15.7 billion searches in August, 10.3 billion on Google

comScore Explicit Core Search Share Report*August 2010 vs. July 2010

Total U.S. – Home/Work/University LocationsSource: comScore qSearch

Core Search Entity

Share of Searches (%)

Jul-10 Aug-10 Point Change

Total Core Search 100.0% 100.0% N/A

Google Sites** 65.8% 65.4% -0.4

Yahoo! Sites 17.1% 17.4% 0.3

Microsoft Sites 11.0% 11.1% 0.1

Ask Network 3.8% 3.8% 0.0

AOL LLC Network 2.3% 2.3% 0.0

Page 12: Executing a Pull Marketing Strategy

Organic (SEO) vs. Sponsored (PPC)

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Search Marketing is Economical

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SEM Growth Factors

Growth driven by:• Increasing advertiser focus on accountability and ROI• Increase in small to mid-sized businesses using SEM• Greater consumer usage of search utilities• Better targeting and niche offerings• Increase in competition

Page 15: Executing a Pull Marketing Strategy

Organic Search Ranking Factors:

Content and Relevancy

Page 16: Executing a Pull Marketing Strategy

Know Your Stats?

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Organic Search Pros

• No cost-per-click on search engines• Greater credibility• Produces 75% of clicks resulting from

search engines

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Organic Search Cons

• No guarantee of link placement on search results page

• Limited keyword use, dependent on content

• Requires writing skill to properly incorporate terms

Page 19: Executing a Pull Marketing Strategy

Pay-Per-Click Pros

• Tracking• Instant results• Real-time keyword changes• Any budget• Geo-demographic targets

Page 20: Executing a Pull Marketing Strategy

PPC Cons

• Price of keywords• Competition keyword use• Determining which words to purchase

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Technical Site Optimization (often called SEO)

•Optimize each page with keywords

Some places keywords are used:• Titles• Copywriting• Headers• Meta tags• Image tags• Site map

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Measuring Tools

Website Traffic (Google Analytics)User Demographics (Quantcast)Search ResultsPage Rank (PR) Alexa Rank Backlinks Indexed Web Pages

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Content Marketing

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What is Content Marketing?

The art of listening to your customers wants and needs and the science of delivering content to them in a compelling way.

Page 25: Executing a Pull Marketing Strategy

Content Marketing ContinuedDeveloping and sharing relevant and valuable content to educate, earn trust, and engage customers with the objective of driving profitable actions

• Creates thousands of links from external credible websites back to your website

• Improves your website's reputation and credibility with search engines

• Improves your rank on search engines• Presents you as a thought leader in your industry• Provides potential customers with value• Drive Website Traffic• Generate New Leads and Sales

Page 26: Executing a Pull Marketing Strategy

Common Content Types

• Videos • Articles • News Releases • PowerPoint Presentations • How-To's• White Papers • Wiki Material • Blog Posts

Page 27: Executing a Pull Marketing Strategy

Content Marketing: Measuring Reach

• 1 in 3 articles goes viral =Distributed to more than 10,000 sites• Impressions range from 0 to millions depending on publishing property• Website statistics will identify referral sources - can quantify resulting traffic

Page 28: Executing a Pull Marketing Strategy

Content Marketing Program Elements: Measurement & Reporting

• Online brand mentions

• Breadth of content distribution

• Influence on Search Engines

• Impact on website traffic

• Website rankings

• Leads

• Sales

Page 29: Executing a Pull Marketing Strategy

Content Marketing Example

1,220 External Properties Linking Article to ProductSource: Google

Page 30: Executing a Pull Marketing Strategy

Social Media Marketing(SMM)

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What is Social Media?

Face to Face networking or Word-of-Mouth Marketing

in a virtual world

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What is Social Media?

• Engagement and relationship building with prospective customers in a virtual environment

• Uses online tools to share and discuss information and experiences with others

• Integrates technology and social interaction through words, pictures, videos and audio

• Builds relationships and trust as users share stories and experiences

• Uses conversations through networking to share experiences, links, and information about a company, product or service

• Must provide value to be effective

Page 33: Executing a Pull Marketing Strategy

What can Social mediado for you?

• Identify and create prospects• Create brand awareness• SEO via link building• Public relations services• Relationship and network building• Establish thought leadership• Create Business Leads

Page 34: Executing a Pull Marketing Strategy

Social Media is for B2B and B2C

Source: HubSpot State of Inbound Marketing Report

Page 35: Executing a Pull Marketing Strategy

Social Media Tools

• Blogging, micro-blogging, & RSS (open platform, Wordpress, Blogger)

• Wikis, & web office tools (Internal or public)• Social networks, (such as Facebook, MySpace,

LinkedIn, etc)• Social bookmarking, social news sites (such as

Digg, StumbleUpon, Reddit)• Online photo sharing, (such as Flickr &

PhotoBucket)• Podcasting/videocasting, (YouTube, iTunes, etc)

Page 36: Executing a Pull Marketing Strategy

50% of Social Media activity happens on properties you’ve never heard of.

Page 37: Executing a Pull Marketing Strategy

Social Media: Quick Facts

• 75 % of US Adults use social media• 49% of social media (SM) users log on daily• 31% agree SM is more credible than ads• 61% research purchases with SM• 36% use SM for purchasing decisions• 40% are talking and learning from specific orgs• 25% of users “feel better” about companies using SM• 89% of users use SM more/same as last year

Source: CNW Group and Leger Marketing

Page 38: Executing a Pull Marketing Strategy

Social Media is a Key Driver inBrand Awareness and Affinity

Page 39: Executing a Pull Marketing Strategy

Social Media: Measuring Reach• 75% of US Adults use Social Media• 70% of US online Adults are “spectators” of social media content• Each Social Media “creation” equates to 10+ quality impressions

(ex. 1,000 engagements= 10,000 impressions)

Creators 1,000 Conversationalists 1,375Critics 1,542Collectors 833J oiners 2,458Spectators 3,208

Total Impressions 10,417

Social Media Impressions

Page 40: Executing a Pull Marketing Strategy

Social Media Process

Three phases of an end to end program:• Listening: Discovering real-time, relevant, impactful conversations• Measuring: Monitoring, analyzing and tracking those conversations• Engaging: Active dialog with customers and tracking/ tagging comments for further use

Listening Measuring Engaging

Page 41: Executing a Pull Marketing Strategy

Social Media: Measurement & Reporting

• Social Media Engagements/Influence

• Online brand mentions

• Influence on Search Engines

• Impact on website traffic

• Website rankings

• Leads

• Sales

Page 42: Executing a Pull Marketing Strategy

Content

Social Media

Maximizing Inbound Marketing: Search, Content and Social Media

In order to effectively use inbound marketingyou must leverage multiple channels!

Search

Page 43: Executing a Pull Marketing Strategy

Strategy

Page 44: Executing a Pull Marketing Strategy

Strategy

• Business Objective• Budget• Measure of Success• Resources

Page 45: Executing a Pull Marketing Strategy

Business Objective

• Sales & Marketing Initiatives• Process Automation• Ebusiness• Communication (including information and

education)• Customer Service

Page 46: Executing a Pull Marketing Strategy

Project Objective

Know your Target Audience

Page 47: Executing a Pull Marketing Strategy

Budget

• Can you quantify your objectives financially?

• What is the lifetime value of a new customer?

• How much are you willing to pay to obtain that customer?

• What is your annual sales goal?• What is your average profit margin?• What can you afford to invest?

Page 48: Executing a Pull Marketing Strategy

Measure of Success

• New Sales• Prospect and client lists• Customer service ratings• Web traffic• Time Costs• Marketing Costs• Postage• Staffing costs

Set G

oals

Page 49: Executing a Pull Marketing Strategy

Resources

Internal:

Sales Manager

Marketing Manager

External:

Digital Marketing Partner

Web Developer

Advertising & PR Partners

Page 50: Executing a Pull Marketing Strategy

Thank you!

Kevin [email protected]/kevinbiznetLinkedIn.com/in/kevinkrason