Reflecting over the first quarter of 2009, I’ve spoken with small business owners, medium business owners, large global business leaders, brand managers, entrepreneurs, agency VPs, PR experts, client marketing executives, adverting executives, social media gurus, writers/bloggers and of course – IT and technical wizards (whew…) who are all energized and thirsty to move the needle forward.
Now that the second quarter is underway, are you maneuvering towards your goals and effectively moving the needle forward or just idling on fumes? With a sour economy still looming, budget cut hangovers are still pounding in every ones heads and resources are “busting-at-the-seams.” Yet, many savvy businesses are staying ahead of the competition by learning from and embracing the maturing “new media” technologies – cultivating well planned digital marketing, digital advertising and social strategies.
A well-executed digital strategy can drive businesses forward. Advertising can help you with the ability to connect with your target audience across multiple digital touch-points. Content marketing helps you become an authority on topics that will allow you to have “a shelf-life of years” out on the web. Social strategies can build one-to-one relationships that help your enterprise grow credibility and relevance over time. In addition, if done correctly a well-executed digital strategy can aide in building brand champions and hand raisers that facilitate your message – genuinely.
Traditional or poorly executed digital methods that lack effective measurability to track an accurate ROI can be painful. In addition, many times they can even fall short of providing valuable baseline data benchmarks and reliable consumer insights for future use.
Is New Media New?
So, when it comes to “new media”, is the media new or is it how the technology is maturing that is – in fact – new? It has matured – nicely – sort of, since I graduated from college nine years ago.
So Today, What Is New Media…?
For the later part of the 20th century, we can simply define new media as the emergence of networked information and digital communication technologies. When I was in college in the late nineties, I used every aspect of the web that was available at that time from early social communities (e.g. CollegeClub.com) to search engine research. (An MSU professor first told me of Google in 1999.)
New media today is “all growns up” Or is it? We continually see the maturation process happening on a daily basis. Content relevancy is rising and digital communication is flowing “over capacity” at times.
In many digital strategies discussions, people can become awestruck (at times), when I speak: conceptually, technologically, metaphorically and even literally in the same conversation. How is that possibly – you might wonder… Well, it can be a blessing (and a curse at times) but as a motivated marketer with a creative side and an actively analytical mind – I just fit right within the digital space. It also helped that I double-majored in Communications and Psychology after striving to be an Engineer the first to years of my college career.
Is digital a realistic approach for our brand?
We have a saying at SmartFinds, “We take a rational approach to an irrational medium,” which was coined by our colleague, Gene Brady, in the Fall of 2008. As is the case in any good creative, marketing, social or advertising strategy, the first step is developing a strategy based on solid business objectives and intense research – or “listening.”
Recently, I was talking with a friend about a social strategy and as I was speaking on this “listening” business he stated, “yeah, but you’re not actually “listening,” you or your marketing team is reading stuff on the Internet.” I said to him… “Shhh… listen…, with the expertise of our analysis software and technology tools, can’t you hear the sweet music of ones and zeroes playing 24-7?” Is your brand in harmony, out of tune or not even audible on the web?
Finally, don’t just throw your time or budget away!
Don’t think that you need to do everything at once. Develop your plan with solid business objectives. The new media flow begins with a review of the business objectives. Followed by – Research, Strategy and Planning to derive trustworthy marketing, advertising and/or social objectives.
For example, at a high level, – approaching an effective digital marketing program requires:
Industry Research – In developing your strategy, we need to understand your business, your products and services to provide solid gap analysis to guide you to get the results you need and catapult you ahead of your competitors.
Market Research – We must answer all questions that will allow us to reach your target market. This includes analyzing items such as, key phrases searched, the volume of those searches and competition that is out there. We will also find websites, forums, blogs, communities, micro communities, et al. – to learn (“listen”) how your target audience uses the Internet.
Competition Research – We generate Internet metrics about your site with the public information such Page Rank, Traffic Rank, Link Popularity and Keyword Density. These metrics not only allow us to perform technical marketing (including SEO) but also give us guidelines and goals to reach for a content marketing campaign for sustained presence within the Internet community.
Competitor Research – You need to distinguish between Competitors and Competition online. Competitors are companies that provide the same products and services with the potential of acquiring business away from you. Competition – Any web page that happens to have the same keywords or phrases that are part of your content marketing campaign. Competition research gives us information why a certain web page is ranked, while Competitor research will help us identify how well the competitors are actually performing on the Internet.
Strategy Development – Analysis of the research data helps determine the type of content marketing needed. It helps to guide the changes needed on your website for visible text or the effectiveness of the campaign as your brand is marinating on the Internet.
Business Plan Development – Does the strategy have potential to increase revenues? How much revenue can it potentially increase short term and long term? Based the campaign objectives and your profit margins we can provide you with an estimate for the return on your investment into your own company.
Are you already embracing new media to help drive business forward? Need help getting started? What are some of the pain points in your business world today? Let us know what’s working for you or what questions you may have. Remember, at SmartFinds Internet Marketing, “We take a rational approach to an irrational medium; and we are dedicated to one thing: helping you drive business through Internet marketing.”