Full Digital Marketing Strategy for Berkshire Hathaway
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Transcript of Full Digital Marketing Strategy for Berkshire Hathaway
FULL DIGITAL MARKETING STRATEGY
BERKSHIRE HATHAWAY
THE BIG IDEA
Bring Berkshire into the 21st Century Update the website, social media pages, blogs, possible display
advertising / SEO
Information-Based Exposure No need to “sell” a product, sell the company Become a hub for entertainment and insight for our vertical
Recruitment Best use of marketing is to bring in new, fresh talent
TARGET AUDIENCE
The Established Investor
The Movers and Shakers that can make an immediate difference
40- & 50-somethings with experience
The Young Talent
The best & brightest from universities and 1st jobs
Top recruits to build Berkshire Hathaway for the future
Easily molded to what they need to become
SPECIFICS
• Website
• Social Media
• Blogging
• Things We Don’t Need
WEBSITE
Current Website (screenshot from previous slide) The design and layout have not been updated. Ever. So bland to look at that it is almost a deterrent Makes those newcomers ask “Is this the real official site?”
New Website Simple, with updated navigation and a proper format & design Informational, with links to owned assets, social media, blogs, etc. More immersive and engaging content
SOCIAL MEDIA
Create/update presence across all platform Facebook, Twitter, LinkedIn, Instagram, YouTube, etc.
Compare Below
BLOGGING
The Reason: Offers an easy way to bring people into our attention with engaging
content that can also display our prowess as a company Very high engagement for those who are actively subscribed
The Benefits: Reaches out to a much younger
crowd, the young talent we need Doesn’t feel like typical, “you
should buy this good” advertising Brings in only the audience that is
relevant to us
THINGS WE DON’T NEED
SEO/SEM We’re big enough that we don’t need to be “found”
Display Advertising Limited use if any, we’re not retargeting for a product
or good
Mobile App There isn’t much that can be accomplished besides
slightly better mobile optimization, not a priority
KPI / METRICS
Simple Metrics Simple measurements and tools like unique monthly visitors,
cookies that track website visitation frequency, log-in applications to improve engagement and track further metrics
Interpreting the Data These simple things will show us how engaged visitors are and how
much they’re coming back Gives us an idea of strong our strategy is
BUDGET
Our net income for 2014 was $20B
Most established companies use 5-10% of net income of Marketing/Advertising Budget
We could use 0.00025% of our net income to create a $5M budget and more than accomplish this