marketing plan

Performance Marketing v. Brand Marketing: What is the Right Combination?

Performance Marketing v. Brand Marketing: What is the Right Combination?

Good marketing contains multiple components that consider both the long-term and short-term success of your business. Performance marketing is the short-term, easier to measure marketing tactics that include, pay per click ads, discount offers, etc. Brand marketing is the long-term, brand building efforts that can be more difficult to measure. Examples of brand marketing are TV, radio, and sponsoring the lanyards at an event. Healthy marketing includes both performance and brand marketing. Building brand awareness takes time, effort, and/or monetary investments in the brand. Depending on the type of business and the market you’re entering, it can be more difficult to build brand awareness and you may need to lean on performance marketing before your brand marketing efforts pay off.

Brand marketing is accretive, which means that it builds upon itself over time. Each brand marketing action helps to form the overall brand experience and the brand equity with the customer. Many household brands have built their name and reputation with long-term investments in brand marketing. It’s hard to separate the Coca-Cola product from the Coca-Cola brand at this point and a lesser brand might not have gotten away with a misstep like New Coke.

How Can I Use Digital Marketing to Promote My Business?

How Can I Use Digital Marketing to Promote My Business?

Whether you have an online business or a brick and mortar location, digital marketing can help drive revenue for your company. Digital marketing can help put your business in front of customers who would not otherwise find you. I typically recommend that clients spread out their marketing budget across various digital channels, but you can leverage digital in whatever ways make the most sense for your business. Detailed below are some of the options available as digital marketing channels. This is a quick guide to help you make decisions about where you spend your digital dollars.

Review Your Marketing Efforts and Plan for Next Year

Review Your Marketing Efforts and Plan for Next Year

Tracking your marketing campaigns while they run is always a good idea. Tracking campaigns allows you to make changes midstream, especially for social media and other digital campaigns. It is also a good idea to compare all of your campaigns at the end of the year to measure the results against one another and determine what you want to run again v. what was not beneficial. December is a great time to review what worked and didn’t work in your marketing for the current year and to create a plan for the year ahead. If you do the comparison review first, you can use the things you learned this year to make next year even better for your business.

Prioritize Your Launch Projects with a Launch Plan

Prioritize Your Launch Projects with a Launch Plan

When you are launching a new business, or even a new product, it's easy to get overwhelmed by the details involved with a marketing launch. If you create and follow a launch plan, you will be able to record your internal goals, requirements, and accomplishments. You will also ensure that you reach your potential customers with the right media placement and in other locations where they are active. I use the same marketing launch plan for nearly every project, and create separate plans for other aspects of the business, such as production and logistics.