developing a strategic marketing plan for small businesses

22
Strategic Marketing Kristin Slice, MA

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Marketing can be overwhelming for any small business owner. Learn where to start and how to determine what tool is perfect for your business. We review the most common tools and the pros and cons or each.

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Page 1: Developing a Strategic Marketing Plan for Small Businesses

Strategic Marketing Kristin Slice, MA

Page 2: Developing a Strategic Marketing Plan for Small Businesses

Marketing Stats • 60% of small business plan on increasing their

use of networking, speaking and tradeshows in 2012.• In 2010, use of print advertising dropped by

33%; use of print Yellow Pages declined 18 %; and use of direct mail decreased 26 %. • 51 percent of local merchants get at least one

online marketing sales call a week, with 10 percent getting called almost on a daily basis.

Page 3: Developing a Strategic Marketing Plan for Small Businesses

Everything I learned about marketing…

Page 4: Developing a Strategic Marketing Plan for Small Businesses

A Different World

• Relationship Building • People Purchase Differently • Value Based

43% of consumers report doing some type of research before they buy (AMP Agency)

• Leveraging Tools and Resources• Creating System • Not focused on Pure Lead Generation

Page 5: Developing a Strategic Marketing Plan for Small Businesses

Inbound marketing-dominated organizations experience a 61% lower cost per lead . (Hubspot, 2012)

Page 6: Developing a Strategic Marketing Plan for Small Businesses

Watcha got there? I’ll take it!

Marketing versus Sales

Page 7: Developing a Strategic Marketing Plan for Small Businesses

Marketing Strategy

What is the purpose of your car ?

Where are you going?

Engine- Sales

Marketing – The Body

Page 8: Developing a Strategic Marketing Plan for Small Businesses

Marketing Strategy

Engine- Sales

Without the proper strategy your marketing could look more like this….

Page 9: Developing a Strategic Marketing Plan for Small Businesses

Marketing Strategy

• Goals• Target Audience • Unique Value Message• What tools are going to be the most effective? • Do all of the tools work together?

Page 10: Developing a Strategic Marketing Plan for Small Businesses

Example: Guille

• Background• Problem• Goal • Solutions • Results

Page 11: Developing a Strategic Marketing Plan for Small Businesses

Marketing Tools

Advertising

• Definition • When it is the most

effective? • Common mistakes

Page 12: Developing a Strategic Marketing Plan for Small Businesses

Marketing Tools

Direct Mail• Definition • When it is the most

effective? • Common mistakes

Page 13: Developing a Strategic Marketing Plan for Small Businesses

Marketing Tools Website

• Definition • When it is the most

effective? • Common mistakes

Page 14: Developing a Strategic Marketing Plan for Small Businesses

Marketing Tools Social Media • Definition

• When it is the most effective?

• Common mistakes

Page 15: Developing a Strategic Marketing Plan for Small Businesses

Good Marketing / Bad Marketing

Page 16: Developing a Strategic Marketing Plan for Small Businesses

Good Marketing / Bad Marketing

Page 17: Developing a Strategic Marketing Plan for Small Businesses

Good Marketing / Bad Marketing

Page 18: Developing a Strategic Marketing Plan for Small Businesses

Good Marketing / Bad Marketing

Page 19: Developing a Strategic Marketing Plan for Small Businesses

Good Marketing / Bad Marketing

Page 20: Developing a Strategic Marketing Plan for Small Businesses

Results

• Create a Strategy • Find Resources and

Research • Execute Campaign

(6-7 touches) • Call to Action / Ask for

Business • Monitor and Repeat

Page 21: Developing a Strategic Marketing Plan for Small Businesses

Conclusion

Page 22: Developing a Strategic Marketing Plan for Small Businesses

Conclusion