Tuesday, September 1, 2015

Think B4 You Budget A Marketing Plan

It isn't what we've been ever told or what we've been habitually doing.

Based on business strategy and set goals, develop your marketing strategy while being obsessed with figures and numbers, plan your activities, make your marketing mix and lay down your marketing calendar as such. That's all true and essential, but my fellow marketer, what if you spent millions and achieved sales records for that fiscal year, and stood still confused about next year? Crisis happened or budgets cut-down, or market slowed down on response, or conversion just didn’t work. The What-IFs here can knock out your marketing expertise and leave you helpless on what to do next.

It has proven over the last decade that marketing of Talk to Crowd has shifted to the marketing of Listen to Crowd before you Talk to Crowd. And most of us have noticed GRP's fainting, bouncing rates are turning psychic and conversion rates un-determined…

Why? Because we're not listening, or just choosing what we're listening to.

Let's take a step back towards what marketing and communications is all about. We start with the consumer to validate Dipstick Studies, we start with the consumer to get indicative research, we start with the consumer to design, to price, to showcase and to promote. Today, featuring the evolving mix, our channels should be reset to factory settings (Basics of Marcom).

As a conclusion adding on the basic budgeting components:

Manpower, Marketing Research, Marketing & Communication Activities, Channel marketing, Acquisition & Retention, Telemarketing and the business related additional variables.

I've laid down the main functions for any brand marketing and communications activities as in the picture above. Let's apply those 12 to rule our marketing and communications activities plan development. We'll be achieving enough sales, awareness, positioning and engagement empowered by the vital element "Listening", so we comply with what the consumer wants and reach him in his ecosystem. Where he drives, where he travels, sites he visits, movies he watches, buzz he follows, applications he's used to, social platforms where he's active, and deep into his personal life where he's mostly indulged.

It will take you double the efforts at the start of initiating such a marketing communications structure; however, eventually if not immediately you'll be satisfied with results. It's as simple as dealing with your girlfriend or your wife; you need to listen carefully and remember what she said, because you don't want to mess with that, believe me.

No for Talking before Listening, never again.

And let's call it the Marketer's "Ear Drum Strategy", and if we all agree on it, let's talk later about differential listening in marketing and communications.

Think b4 you budget a marketing plan... Listen First.

Please place your comments and questions below; let's make this article worth spreading.

Appreciate your time reading and analyzing.

Truly,
Omar Youssef

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