By Alex Ford
CEO, FireRescue1.com
Embarking on an online marketing campaign without first having a
strategy is like charging into a fire without an attack plan. You
can rush in and throw a lot of resources around in the hopes
something will stick, but without a clear, well thought out
strategy, your chances for real, meaningful success aren’t very
good.
An online marketing strategy is a roadmap for positioning your
company so that those looking for your products are able to find
you at the moment they’re ready to make purchasing decisions.
That’s easier said than done, and it requires stepping back and
recognizing that, like it or not, the Internet has caused consumers
to change many of their core behaviors and habits.
Virtually everyone is online now, and many rely on the Internet as
a primary source for product information. A recent study found that
60 percent of U.S. consumers use the Internet to do product
research, with 20 percent of Internet users doing so on a given
day.
This shift in behavior has forced companies to adapt and come up
with new ways to reach their customers. But it has also created
tremendous new opportunities for a level of engagement and
interaction that can’t even begin to be approached by advertising
in traditional media.
The Internet has, to some degree, leveled the marketing playing
field in that it’s not just big companies that are able to buy
access to consumers via large advertising spends. There is a vast
array of tools for all companies to take advantage of, and web
savvy smaller companies have been able to achieve tremendous
results by cleverly utilizing these tools to address business
problems and approach their customers in interesting new ways.
The subject of how to develop an online marketing strategy is a
very broad topic, one that can’t possibly be deconstructed in a
single article. But at its most basic, it’s really about pairing
your identified objectives with the most effective online
advertising options, while adopting a consistent method for
evaluating its effectiveness.
Let’s focus on the four key questions that will help you evaluate
your marketing objectives and structure your company’s approach to
online advertising and marketing.
Question 1: What are my overall online marketing
objectives?
Simply being online isn’t enough. Before you begin spending money
on online advertising, you need to first clearly identify what you
want to accomplish and have a general understanding of how those
objectives fit in the online world. It is important that your
online strategy complements and reinforces your corporate marketing
objectives and offline initiatives.
Obviously, the bottom line with all marketing is driving business
and demand for your company’s products. But underneath that
umbrella sits a wide range of different objectives that factor into
your company’s overall success. These include:
Brand Building: A strong brand obviously can be one of a company’s
most valuable resources. One of the most common mistakes we see
from companies is disregarding the value of brand building. It’s
true – internet advertising carries with it the benefit of being
highly trackable. But there is a temptation to measure all ad
results by the number of clicks or leads they drive. Yet if you
don’t have an attractive or identifiable brand, it is tough to get
people to click on your ads.
Thought Leadership: Positioning your company as a true expert in
the market carries benefits well beyond those traditional brand
building initiatives can offer. When your customers view you as an
authority on a topic that relates to your products, it creates an
aura of trust and reliability that strongly registers when it comes
time to make a purchase decision.
The ability of the Internet to distribute information to a
targeted, highly relevant audience makes it an ideal venue for
thought leadership endeavors, be it a contributed article or
columnist sponsorship.
Interacting with Your Customers: Customer loyalty is primarily
forged through direct interaction with your customers before,
during and after the purchase. But consistent, ongoing
communication with them plays a big role in reinforcing that
loyalty. The Internet offers very unique opportunities to get
feedback from your customers, information that can be valuable for
everything from product development to formulating a marketing
strategy. It also offers ways to interact on an ongoing basis with
your customer base, whether that be through company newsletters,
blogs or promotional campaigns.
Driving Traffic, Leads or Sales: Getting people to your site and
getting them to take action is a critical component to many online
marketing campaigns. On your site, you control 100% of the content
and messaging. And while your web site isn’t the be-all end-all of
your online marketing strategy, it should have distinct and
measurable objectives for customers when they get there. These can
range from downloading a white paper to finding a sales rep or
distributor to purchasing a product.
Launching Products: Most of us know the importance of creating a
level of excitement in the market when you release a new product.
There are a number of tactics that can accomplish this, but a
coordinated online advertising campaign can be tremendously
effective in quickly spreading the word about your product as well
as communicating its benefits.
Differentiating Your Products: In a crowded marketplace, you need
to demonstrate that your products offer benefits that your
competitors’ products don’t. The fire market is especially
difficult, with many categories of products that appear very
similar on their face. The Internet is ideal for communicating
detailed information about your products and why they stand out
from the crowd.
Gathering Market/Customer Research: Collecting customer data is
something that many companies neglect. There is tremendous value in
having statistical knowledge about your target customer base;
anyone willing to take the time to submit information about
themselves is interested in what you have to offer, be it now or
later down the road.
Educating the Market: Often, the single biggest hurdle you’ll face
in selling your product is getting your customers to appreciate why
they need it and what problem it solves. This is especially
significant in the fire market, where many departments are rooted
in tradition, have small budgets and may be reluctant to embrace
new technologies. Being able to communicate what the problem is and
how your product solves it is vital, and there are excellent tools
across the internet – from microsites to contributed articles – for
accomplishing this.
Question 2: Which online marketing tools and tactics best match
my marketing objectives?
After identifying your objectives, it’s time to survey the online
marketing toolkit and determine which best accomplish them.
Below I have included a subset of some of the most popular tools
and which objectives they address:
Banners: Banners are easy – they can be quickly created, easily
deployed, and bring straightforward statistics. Think of them as
the billboards on the site of the internet highway. Banners are
visually appealing and reinforce branding, but communicate very
little specific information about your product and generally offer
little incentive to click on them. And the fact that banners often
aren’t configured to appear in content-specific locations means
many of the clicks they do receive are not especially targeted.
That said, banners are a useful tool for creating visibility for
your company and products. Whether they are clicked on or not,
banners allow site visitors to see your brand displayed
prominently, creating name recognition that helps come purchase
time.
Objectives Addressed: Brand Building, Product Launches, Product
Differentiation
Cost per Click (CPC): A “CPC” campaign simply involves placing
advertisements on the results pages of search engines (Google,
Yahoo and MSN). In essence, you open an account with each, develop
a list of relevant keywords (eg. “fire apparatus” or “fire
vehicles”) and create ads for those keywords.
While CPC advertising offers little brand-building benefit, it is
great at driving measurable clicks to your site. It begins driving
traffic to your site immediately, it’s easy to make changes on the
fly, and it serves as a good diagnostic tool to test the ability of
your site to convert traffic into dollars. If conversions are low,
you can modify the site and get immediate feedback.
Objectives Addressed: Driving Traffic, Sales or Leads
Email Blasts: Blasts typically aren’t especially targeted unless
your marketing partner has closely segmented its email list, and
they can be expensive. However, they reach a wide audience
directly, drive clicks and sales, and are a good way to achieve the
“big splash” effect with an announcement, promotion or product
launch.
Objectives Addressed: Driving Traffic, Sales or Leads, Product
Launches, Gathering Market/Customer Research
Email Newsletters: Communicating regularly with your customers via
e-newsletters is a great way to foster loyalty and brand
engagement. This can be done by advertising in an existing
e-newsletter or through your own company newsletter. If you’re
collecting customer emails in an organized manner (which you should
be), you have the foundation for an e-newsletter campaign. The
effort required in consistently creating and distributing
e-newsletters can be significant, but it pays off by engaging your
customers with the latest product and company information.
Objectives Addressed: Interacting with Customers,
Market/Customer Research, Launching New Products, Driving Traffic,
Sales and Leads
Product Content Sponsorships: Anytime you can position yourself
next to resources your customers are using to make purchase
decisions, it is enormously beneficial. By being visible in a
product research section that relates to your product, you are
connecting the dots for them between a product need and a product
solution – namely, yours. People seek out specific product
informational resources because they are genuinely interested in
purchasing or researching those products, so you are not only
receiving highly targeted clicks, but you’re also associating your
brand with products they’re interested in.
Objectives Addressed: Product Launches, Differentiating Your
Products, Driving Traffic
Press Releases/Contributed Articles: Write and distribute press
releases whenever you have news to communicate to the market. Many
firefighting media entities will post them online at no cost to
you, and they achieve the dual benefit of both communicating your
news and also generating search engine value.
Contributed articles aren’t directly promotional like press
releases in that they don’t mention your product specifically, but
by demonstrating expertise in a subject relevant to your product,
you position yourself and your company as an authority.
Objectives Addressed: Thought Leadership, Product Launches, Educate
the Market
Microsites: A very narrowly focused Web site that addresses a
specific business problem and offers specialized information or
promotions. While they fall on the more expensive side of
advertising options, microsites have the potential to reach
customers in a unique, engaging way with specific content that also
reinforces your marketing objectives. For a fire service-focused
microsite example, check out
www.PPE101.com.
Objectives Addressed: Microsites are so flexible, they can address
any objective; however, they are particularly well suited for
Thought Leadership, Product Differentiation, Educating the Market
and Brand Building
Search Engine Optimization (SEO): Search engine optimization (SEO)
simply refers to taking steps to make sure your site appears high
in non-paid search results on Google, Yahoo and MSN. SEO is a
longer term strategy; if you operate in a crowded marketplace and
are battling for highly competitive keywords, it could take a long
time to move up to the top rankings, so be patient and
diligent.
There are a few basic SEO tips, such as using popular and relevant
keywords, generating content for your site and participating in
link exchanges with other web sites. But given the complexity of
SEO, it’s highly beneficial to either hire someone with specific
knowledge or work with an SEO firm.
Objectives Addressed: Driving Traffic, Sales or Leads
Question 3: Which media partners are at my disposal and how do I
evaluate them vis-a-vis my objectives?
Anytime you’re marketing to a trade audience, it limits the number
of media partners available to you. But the fire service does have
a decent number of different options that reach various segments of
firefighters and EMS professionals, and Google and Yahoo! offer
cost-per-click options for fire service-related keywords.
Depending on your budget, it may be beneficial to try limited
campaigns across a number of different sites. But before committing
to any significant level of spend, be sure you’re confident that
your media partner is able to meet your objectives.
Here’s what you should be looking for from your media partners:
Reach: It sounds like a no brainer, but it is important to make
sure that your media partner reliably reaches your target
customers. Just because a site has a recognizable brand doesn’t
mean it has an engaged online audience. How many unique visitors
per month do they receive? What is the makeup of their audience?
How many page views per visit do they receive? Are they visited by
a high percentage of decision makers? Do they have narrow content
on their site that the people you are trying to reach would find
interesting or compelling?
Track Record for Creativity: Any online advertising beyond banners
or blasts requires creativity and an eye toward current trends.
What types of projects have your potential media partners completed
successfully in the past? Chances are the more interesting and
innovative advertising options a site offers, the better handle on
internet marketing they have.
Breadth of Offerings: If a site offers nothing but banners and
directory listings, it limits your ability to reach your customers
in a meaningful way. The best media partners have a wide range of
options for online advertisers and will work with you to match
those options to best fit your objectives.
Customer Service: Online advertising requires close monitoring and
optimization. The level of immediacy and flexibility of the
Internet creates exceptional opportunities to get the most bang for
your buck. But this doesn’t happen without exceptional customer
service on the part of your media partner. I personally believe
that any vendor offering online advertising needs a dedicated
customer service group that regularly communicates with all
sponsors and not just a sales rep who takes orders and manages
campaigns. Also, online advertising is still relatively new and a
good media partner should go above and beyond in helping to provide
education on the subject. Don’t be shy - ask questions of your
partners and see what they have to say.
Question 4: What is the right level of spend?
Executing an online marketing strategy is going to be resource
intensive whether you’re investing internal resources like time or
new hires or spending money with online media partners. One of the
best salespeople I know had a technique he used when negotiating
with customers. He would say, “You can pick two of the three –
cheap, fast or high quality. If you want it cheap and fast, it
isn’t going to be high quality. And if you want something high
quality and fast, it isn’t going to be cheap.”
This analogy applies perfectly to online advertising. You can
execute incredibly successful campaigns with little or no money by
using content and taking advantage of viral marketing, but it takes
time and is not easy due to the level of expertise and internal
resources required.
Although your marketing options online are far more cost effective
than those in traditional media, highly successful campaigns that
quickly create exceptional results cost money. If you’re having a
hard time committing large chunks of budget to online advertising,
that’s OK – you have the ability to test drive a lot of different
options without going headfirst into any one item.
I recommend testing strategies and creative at a low to moderate
level of spend to see how they fit your objectives and then being
ready to quickly increase that spend as you become comfortable with
results and performance. Although level of spend differs based on
your objectives and strategy, current best practice (taking into
account the shift of budgets across all industries from print to
online) suggests that companies should spend between 20 and 35
percent of their marketing budgets online.
As you can see, there’s a significant amount of thought that needs
to go into developing your online strategy. The most important
point to take away from this article is that a successful online
marketing strategy MUST complement and support your overall company
objectives and marketing strategy. There are so many options to
consider as you decide where to invest your resources. These range
from your own web site to search engine optimization to advertising
on a leading industry portal. If you do not have a clear
understanding of where your company wants to go, it makes it very
difficult to sort through and maximize your investment online.
As they say, the devil is in the details. We’ll begin drilling down
into specific tactics starting with the next column, Online Video
as a Marketing Tool.
And feel free to contact me with any specific questions about how
to develop or refine your online marketing strategy at
alex.ford@praetoriangroup.com