"Marketing on the Cheap... The Good & Bad News"

Post on 01-Dec-2014

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Every marketing strategy, from television advertising to a Twitter feed, has benefits and drawbacks. Television advertising may cost a lot, but you'll get any results you're going to receive - quickly. Whereas a Twitter feed is going to take a lot of time and attention over a long period of time to see any measurable results. It's all about understanding if you have more time than money, more talent than money, or more money than time & talent. Use this presentation to guide you through the some of the most powerful "cheap" marketing options.

Transcript of "Marketing on the Cheap... The Good & Bad News"

Marketing on the “Cheap”

The Good News & The Bad News

Melinda A. Caughill, Vice President of Marketing & Strategy

Is “cheap” marketing right for you?

Every marketing strategy — cheap or not — has BENEFITS...

... and DRAWBACKS.

Do you have the SKILLS TO DO THE WORK?

The best way to choose “cheap”

1. Start by taking a look at your organization.

What is your MARKETING BUDGET?

Do you have TIME TO DO THE WORK?

How well do you KNOW YOUR AUDIENCE?

Does your marketing have a DEADLINE?

2. Compare your organizations needs with the fundamental elements needed for a successful marketing campaign.

CRAFT A COMPELLING OFFER

SELECT A TARGET AUDIENCE

DEVELOP A CAMPAIGN CONCEPT

WRITE YOUR COPY

DESIGN YOUR PIECE

PRODUCE YOUR PIECE

DELIVER YOUR PIECE

MEASURE THE RESULTS

The “Cheap” Options• Social Media/Web 2.0• Guerilla Marketing• Search Engine Optimization• Paid Search Advertising

• Public Relations• Email Marketing• Networking

• Cold Calling• Simple Direct Mail• Ask for Referrals

Social Media/Web 2.0

A category of web sites that is based on user participation and

user-generated content.

What is it?

Social Media/Web 2.0

Blogs (Web Logs)

• Mass marketed withBlogSpot,WordPress,and eBlogger

• Personal Blogs

• Business Blogs

What is it?

Social Media/Web 2.0

Podcasting

Audio or video programs thatare educational, informational,promotional, entertaining, etc.

What is it?

Social Media/Web 2.0

Micro-Blogs• Twitter –

A cross between texting,online chatting, and blogging

What is it?

Social Media/Web 2.0

Social Networking• Personal sites like

Facebook, MySpace

• Professional sites likeLinkedIn, Plaxo

What is it?

Social Media/Web 2.0

Social News• User-submitted

• User-ranked

What is it?

Social Media/Web 2.0

User Reviews• On sites devoted to

only user reviews

• On sites selling products

What is it?

Social Media/Web 2.0

User Provided Content

• Wikis

• Video

What is it?

Social Media/Web 2.0

• Participation is free

• Reach a wide audienceMessage spreads virally

• Impress business peersAttract media attention

The Good News

Social Media/Web 2.0

• Difficult to target

• Very hard to measure ROI

• Successful participation takes a great deal of time

• Use caution when making a sales pitch

The Bad News

Social Media/Web 2.0

• Start by just “listening”• Try it for:

✴ Public Relations✴ Audience Research✴ Customer Relations✴ Test Marketing

Suggestions for Use

Search Engine Optimization

The process of improving the volume and quality of traffic to a web site from search engines via “natural” or “organic” search results.

What is it?

Search Engine Optimization“Natural” or “Organic” Search Rankings

Search Engine OptimizationHow do you do it?

• Identify your AUDIENCE• Determine your KEYWORDS• Write PAGE TITLES• Create HEADINGS• Utilize INTERNAL LINKING• Employ IMAGE TAGS• Use BOLD & ITALIC TEXT

Search Engine OptimizationHow do you do it?

Learn more at:• podcast.neo1seo.com• www.seomoz.org

Or:• Sign up for “7 Simple Steps to Basic

Search Engine Optimization” at www.third-person.net

Search Engine Optimization

• Highly targetable

• Once completed, it works foryou 24/7/365 – absolutely free

• Sell, sell, sell

• The results are easily tracked with free web site analytics software

The Good News

Search Engine Optimization

• You must know your audience

• Can require programming skills

• Learning, testing, and monitoring SEO can be time consuming

• Search engines work on their own schedules – not yours

The Bad News

Search Engine Optimization

• If a majority of your target audience is online, begin an SEO program now

• When you create a new web site or redesign an existing site, engage in SEO

• If you have someone on staff who has basic programming skills, involve this person in SEO

• Beware of any SEO provider that promises 1st page results fast

Suggestions for Use

Paid Search Advertising

A method of placing text advertisements on web pages showing search engine query results. Ads can also be placed on other web sites publishing related content.

What is it?

Paid Search Advertising

Paid Search Advertising

• Highly targetable• Sell, sell, sell• Whether your budget is $1 or $1,000,

you only pay when you get clicks.• The results are easily tracked with search

engine analytics programs• Get on the first page of search results

today.

The Good News

Paid Search Advertising

• Don’t bother if you have a substandard a web site

• Understanding, monitoring, and adjusting a paid search campaign can be very time consuming

The Bad News

Paid Search Advertising

• When you can’t seem to get a good organic ranking, paid search allows you to have a place on the first pages of search results.

• Use unique ads, landing pages, and offers for each unique target audience.

• Test... tweak... repeat• Forget trying to get a #1 ranking. Shoot

for being 4 or 5 on page 1. You’ll pay a lot less for the same results.

Suggestions for Use

Other “Cheap” MediumsThe more traditional options:

• Public Relations• Email Marketing• Networking• Cold Calling• Simple Direct Mail• Ask for Referrals

Thank you!

Melinda A. Caughill, Vice President of Marketing & Strategy