What Is A Digital Marketing Strategy?
Introduction
A digital marketing strategy is part of a larger business plan that outlines how to reach its overarching business goals using digital channels.
A digital marketing strategy must be tailored toward specific company key performance indicators (KPIs). Core elements of creating a successful strategy include:
Digital channels.
Target audience and regions.
Core messaging components.
Budgets.
As part of a digital marketing strategy, specific channels are identified to target the company’s ideal customers and lead them toward conversion.
These channels can include (but are not limited to):
Search engines.
Social media platforms.
Email.
Websites.
Apps.
How To Create A Digital Marketing Strategy?
STEP 1
Identify Target Audience And Build Personas
What to consider when identifying a target persona:
Demographics
Behaviors
Interests
Pain Points
STEP 2
Conduct Competitor Landscape Analysis
Key components of competitor analysis:
What competitors are bidding on relevant keywords you'd like to target?
How are competitors messaging their target audience?
What channels are competitors advertising on?
How do competitors rank organically compared to you?
How much are competitors' monthly digital ad budgets?
STEP 3
Determine Necessary Digital Marketing Channels
Don't put all your eggs in one basket - Diversify the digital channels & meet your customers where they are.
Each channel should include its KPIs, as they all serve different purposes.
Identify a proper measurement platform like Google Analytics to measure marketing dollars & channels.
STEP 4
Create Content & Unique Value Proposition Plan
Create Content & Unique Value Proposition Plan
Plan your content for each channel.
Don't start from scratch. Create a consistent, reusable, and reworkable messaging framework for each channel.
Make sure your offering is unique & differentiated in the market.
STEP 5
Execute & Optimize Digital Marketing Strategy
Launch your digital marketing strategy.
Ensure your digital marketing strategy is ongoing, fluid, and based on performance & market shifts.
Continuously monitor & analyze campaigns for effectiveness. Include daily, weekly & monthly checkpoints in each channel.
Conduct monthly reports and quarterly business reviews (QBRS). Adjust/pivot strategy based on findings, if necessary.
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