Business Growth

Marketing ROI: Is it Guaranteed?

Screen Shot 2018-02-06 at 12.06.14 PM.pngIf there’s one question I hear most often from business owners, it’s “how can you guarantee a ROI for marketing?” It’s a fair question, indeed, but one where the answer isn’t clear-cut. Undoubtedly, it’s good business sense to expect a return when you invest in something for your business; but when it comes to marketing, there are various factors business owners need to consider before axing a tactic that yields a low ROI.

Consider these factors when deciding if your marketing dollars are being spent wisely:

  1. What strategy or technique did you use?
    Marketing is a practice that incorporates many different tactics and techniques, and some strategies will have a direct ROI while others will not. For example, if you’re launching a lead generation campaign on Google AdWords, you can directly track the leads coming in from this source, while comparing the profit made from these leads against your budget. You’ll be able to clearly determine if the ROI is there or not. A similar approach can be used for trade shows. Did the revenue made from the show at least cover the cost of the booth and any other expenses it took to attend? Lead generation campaigns will be easier to track, but even still, some level of leniency should be applied when determining ROI. As I’ll explain, not all conversions are immediate, and this is something you definitely need to take into consideration.On the other hand, marketing practices such as branding or content marketing won’t necessarily yield a high ROI for your business. Does this mean these practices aren’t worth your time or investment? Absolutely not. These types of marketing tactics are important to keep your brand relevant and relatable for customers. No one likes a stale brand, and you should think of these tactics as a support to your lead generation campaigns.
  1. Is your pipeline robust?
    There’s value in building your pipeline. For every customer that converts into a lead, there are dozens, hundreds, or even thousands of other customers that come into contact with your brand and marketing messages. Some, if not many, of these other customers will result in future sales. That’s why consistent communication with both your current and potential customers is so important. Traditionally, it takes seven touches before someone notices and engages with your marketing message. It’s also why having a strategic marketing mix is vital to your marketing success, so customers are exposed to your brand through various mediums.Even if you have a transactional business, a well-defined brand experience will increase the chances of repeat business. And don’t forget: every customer is an influencer.

So to answer the question of whether marketing ROI is guaranteed: it depends. As business owners, it’s important we see the value in all facets of marketing that may not exactly yield a high ROI; however, I would highly recommend that past marketing initiatives be used for guidance when developing future marketing budgets. If you require assistance with developing a budget or marketing mix, contact CreativeWorks Marketing today!

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Setting Your Marketing Goals for 2018

shutterstock_578273836With 2018 now in full force, it’s likely you have your strategic business goals prepared and ready for execution. Hopefully, the marketing aspect of your business received just as much love during strategic planning sessions for this year, but in the off chance it didn’t, or if you’re looking to optimize your marketing plan for the new year, read on!

When setting your marketing goals for 2018, I highly encourage you to consider these points. In doing so, you’ll have a robust plan that is easily understood, integrative, and ready for execution:

  1. Identify what did and didn’t work in 2017

Like anything in life, it’s best to learn from your shortcomings; the same mentality should apply to your business and how you market it. Begin by reviewing any marketing or campaign-specific data you may have from the year prior. This data may stem from Google Analytics or any other web analytics tool your company may use, social media analytics, email marketing results and lead tracking (web or otherwise). Upon reviewing the data, ask yourself these questions:

  1. Where did these leads come from? Did they result from a campaign or organic search?
  2. Was the messaging tailored to a unique audience?
  3. Was my website, landing page, or collateral optimized for conversions?
  4. Did customers interact with my brand the way I intended them to? Did I follow-up with them as often as I should have?

You may notice that while you had great campaign ideas, the execution was off. Slight tweaks of the same campaign based on answers to the above questions could result in an entirely different outcome!

  1. Consider your resources

As small businesses, we often don’t have the luxury of having a marketing department or team. Your marketing team may only consist of a coordinator or manager, or perhaps even just yourself! Bearing that in mind, make 2018 the year you introduce automation to your business. With automation, you’ll provide your marketing personnel with more time to focus on tasks that really matter, such as strategic planning and business development.

Or, if finances permit, expand your marketing team. Get specific with what you need. Do you require a generalist who can complete as many different tasks as possible, or is a specialist of some sort what you require? You may consider hiring a marketing agency that has all of the above and more, and can be more cost-effective than hiring an additional full-time staff member.

  1. Be realistic

First things first, yes, all companies want to grow and make more money; however, it’s important to remain realistic with the amount of growth you achieve and how quickly you attain this growth. Remember, good marketing takes time. While you’ll want to see a direct impact on your ROI, the fact of the matter is, revenue growth from new leads and customers will not be noticed until the next quarter or even later on in the year; or, years to come. Of course, this all depends on the type of business you have and the industry you’re in, but the importance remains that you should be focused on building your funnel at this time.

What are you waiting for?

I too often hear from business owners how they require assistance with marketing their business, yet it somehow is always placed on the back burner. By setting your marketing goals now, you’ll have a clear and concise plan that you can refer to throughout the year. If you require assistance with developing a marketing plan or executing marketing tasks, give CreativeWorks Marketing a call today!

Influencer Marketing: Is it Right for Your Business?

CWM Aug 1We all know that in the digital world the only thing constant is change. It seems that every day I hear about a new social media platform emerging and with it a new “superstar”. These “superstars” are not famous for anything except their ability to influence online buyers making them in some ways just as or more powerful than that of actors, actresses and athletes. They have millions of followers on various social media platforms who hang on their every word and accept what they say as gospel. Leveraging these influencers to promote your product or service can be extremely lucrative for your company, but is it right for your business? I’ve outlined below some information on influencer marketing and a few tips to get you started.

What is influencer marketing?

If you are wondering what is influencer marketing; it engages key individuals with large followings to leverage influence among their followers. In essence it’s about having a person of influence drive your brand’s message to a larger market in a way that’s perceived to be authentic and organic. As people ignore traditional ads in ever increasing numbers, the most lucrative opportunity for companies looking to drive brand awareness and sales is influencer marketing.

Does influencer marketing work?

When an influencer speaks about a product or service it comes across as a genuine recommendation, not an ad or marketing campaign. It’s believable and people respond.

  • 94% of those who used influencer marketing believe the tactic to be effective (Lingia’s State of Influencer Marketing Survey)
  • Influencer marketing’s top benefits entail creating authentic content about their brand (87%), driving engagement around their brand (77%) and driving traffic to their websites or landing pages (56%) (Lingia’s State of Influencer Marketing Survey)
  • Marketing-induced consumer-to-consumer word of mouth generates more than twice the sales of paid advertising. And of those that were acquired through word-of-mouth had a 37% higher retention rate (McKinsey)
  • Twitter reports that 49% of consumers seek purchase guidance from social media influencers
  • 40% of Twitter users said they had made a purchase as a direct result of an influencer’s Tweet
  • 20% said that a Tweet from an influencer inspired them to share their own product recommendation

Now that you know what influencer marketing is and that there are solid stats to support that it does work if done properly, stay tuned until next blog when I’ll outline a few tips on how to get started.

In the meantime, if you have any questions about the power of influencer marketing contact us today!

5 Tips to Increasing Your Business’s Online Reputation

feedback-1977986_960_720With almost all business being conducted online it’s no wonder that businesses, not just individuals, are concerned about what the ‘online world’ is saying about them. From sites where employees can review their managers to social reviews speaking about brand experience, businesses today need to consider adding reputation management to their online marketing mix.

Reputation management, or online reputation management (ORM) as it’s also referred to, controls how others see you when they look for you online. It allows you to take control of the online conversation. A multi-pronged process, reputation management analyzes, establishes, protects, restores and monitors your brand’s image online. Negative items online can seriously impact your company’s reputation. Reputation management can bury the negative material found on the Internet, defeating it with more positive material to improve your credibility and customers’ trust in you.

The importance of reputation management

Reputation management should be a top priority for any business. You’ve worked hard to build your business but one negative review can negatively impact your company’s reputation and bottom line. We all know that your buyers turn to the Internet when looking for a business and/or to read reviews about your business. And they believe what they read, take a look at these stats:

  • When looking for a local business, 97% of people read online reviews (BIA Kelsey)
  • 92% of users will use a local business if it has a 4 star rating (BrightLocal)
  • 88% of consumers say they trust online reviews as much as personal recommendations (Forbes)
  • 72% of consumers say that positive reviews make them trust a local business more(BrightLocal)
  • Two out of three people see the Internet as the most reliable source of information about a person or a business (Edelman Insights)

Now that you know the stats on how important it is to your business, here are a few tips I’d like to share with you about how to increase your business’s online reputation:

  1. How do you identify and monitor the issues? You’ll need the talent and resources to identify and monitor your company’s reputation on an ongoing basis, as this is not a one-time deal to defeat any negative material and create and promote positive content that will give your company a great online image. At CreativeWorks Marketing we provide Reputation Management Services and can help identify and monitor your online reputation.
  2. What is your company’s online reputation? The first thing we need to do is to determine how others see you when they look for you online. Is your brand and image being perceived in the way that you had envisioned? We scour, search and monitor websites, social media platforms and review sites on an ongoing basis.
  3. We get your story out there. The best way to promote a positive image or to counteract a negative comment is to get your story out there. Positive, accurate content is needed on an ongoing basis to create and/or improve your online presence – blogs, videos, podcasts, ebooks… You control the story.
  4. Promote your company on social media. LinkedIn, Twitter, Facebook… You need to be where ever your customers live. And social media sites will help your search engine results rankings which can positively impact your online reputation.
  5. Search engine optimization (SEO). SEO is very important to reputation management. It can be used to help potential customers find you and to emphasize positive information about your company. SEO is an excellent tactic when trying to bury a negative comment. The negative comment is pushed down and supplanted by positive content, minimizing or eliminating its effect.

Don’t take a chance with your company’s reputation! CreativeWorks Marketing can identify and monitor your online reputation, deal with any negative material found on the Internet and promote a positive image that will inspire customers to do business with you. We know how important your business is to you and we will make every effort see that your reputation is stellar and that you control your digital footprint. Contact us today.

How To Make Podcasts Part of Your Winning Strategy

In my previous blog post, I went over some of the key advantages of using podcasts as part of your marketing mix. Now I’d like to share with you 5 tips on how to incorporate podcasts into your marketing strategy.

1) Understand Your Strategy

Before you dive in head first, take a minute to understand how podcasting will fit in with your overall marketing strategy. Podcasts are great when they are used in addition to your company’s already-established brand, but they may not be the best method to get a new company up and running.

2) Differentiate Yourself from the Noise

Let’s face it; there are a lot of podcasts out there. You may be wondering how you are going to stand out. My suggestion to you is to come up with unique and engaging information. Do you have an interesting angle on a certain topic? Do you know any industry thought leaders you could interview? Imagine the types of content that would keep you engaged, and deliver that to your listeners.

3) Provide Great Conversations

It’s all about the content you deliver, but we can’t forget about how you deliver that content. In my experience, using a conversational tone works much better than simply dumping information onto your listeners. Consider having two speakers on your podcast, and try drafting your script as a question-and-answer style. This will make your podcast more accessible to your listeners.

4) Use Your Resources

Podcasts are all about the audio, so when it comes to choosing the right recording equipment, it’s crucial you don’t cut any corners. I suggest investing in a high quality microphone, good audio software, and a headphone. As you can probably imagine, this can get a little pricey. It may be a good idea to evaluate whether you want to invest the money and energy in creating your own content, or outsource it.

5) Promote Your Content

Just because you’ve finished recording doesn’t mean the process is over! The last step in creating a podcast is sharing it with your audience. Promoting your content won’t take you too long, but it will make all the difference. Some great ways to promote your podcast include: encouraging subscriptions, sharing it on your social media channels, and promoting it through email marketing.

Podcasts really have become an invaluable tool for marketers. I encourage you to consider adding podcasts to your marketing mix – it may just be your business’s next big thing.

To find out more about how you can use podcasts in your marketing strategy, contact CreativeWorks Marketing today.

Lately, We Just Don’t Communicate

Imagine your business is about to launch a new campaign. You are sending out an e-blast to give your customers 20% off their next purchase. You’re confident this will be one of your company’s most successful ventures to date. On the day of the launch, your office is flooded with emails and phone calls regarding your new offering, and while you’re ecstatic, your team is frantic. But why?

While your campaign was crafted to a tee, the internal communications to your staff informing them of the upcoming campaign and its details were non-existent.

There are two sides to any marketing campaign. External marketing allows you to get your message across to your intended audience, and internal marketing allows you to effectively market your campaign within your organization. In order for any marketing campaign to be successful, you need to create a plan for both.

We all know that running a new campaign can be time-consuming and we get wrapped up in the details and often don’t take the time to keep our staff up to date. In order to ensure a successful campaign however, you’ll need to bring your staff up to speed so they know how they are impacted and what, if anything, they need to do.

Here are a few key tips on how to effectively prepare your staff for an upcoming marketing campaign:

Give Advanced Notice

After working with your marketing team to develop a new idea for a campaign, share it with your staff. If a new campaign is being implemented without staff members knowing all the details, it’s easy to get the message confused. Sharing your ideas for the new campaign will allow staff to prepare, and will also encourage them to contribute their own thoughts and ideas towards the new campaign.

Provide Supporting Materials

After giving your team the heads up about the new campaign, it’s time to get ready to launch. Depending on what kind of campaign it is, you will need to provide your team with supporting materials that will allow them to carry it out as you had intended. For example, if you are promoting a new service for your clients and they are encouraged to call in and inquire about it, prepare a script for your front line staff. If calls should be directed to your sales department, then the person answering the phone needs to know where to direct the call. The more informed they are, the increase in likelihood of a successful campaign.

Measurement Matters

It’s one thing to let your staff know about a new campaign; you also need to follow through with them about it. Ask them how the campaign is going; are they getting a lot of calls/emails/website requests? If your team is dealing with customers directly, you need to communicate with them effectively so you can measure the success of your new campaign.

Share Success

Your campaign has just ended and of course, it was a hit! Share this success with your team. Not only will sharing the success encourage your employees, it will also give you a chance to evaluate what went well, and discuss how you can create an even stronger campaign the next time around.

In order to effectively market any campaign to your customers, you need to be prepared to market it internally as well. Keep your staff in the loop when launching your next campaign; you’ll be surprised at the difference it makes.

Analyze This! Why Your Google Analytics Matter

If there’s one thing I’ve come to learn about my clients, it’s that they expect results. Many of my clients place a lot of value on measurement, and I am often asked, “How were our leads this quarter compared to last? Are we seeing value from the amount we put into new content on our site?” I find it interesting that a lot of business owners and marketers are unclear of the value they can receive from their Google Analytics reports.

At CreativeWorks Marketing, we dedicate the last week of each month to compiling and analyzing Google Analytics data. Google Analytics is a free tool in which you are able to monitor the traffic to your website in terms of audience demographics, behaviour, referrals and more. Like any good tool, you get out of it what you put into it. A simple Google Analytics report is only valuable when analyzed to help you understand what it means to your business.

The analyzed data is central to your business as it allows you to understand what is and isn’t working on your site so you can implement strategic, not just tactical, initiatives. While many web companies offer Google Analytics reports as part of their services, few of them supply much other than the raw data itself. Being able to read and fully understand what is being told through the data is imperative to your marketing success.

I have worked with multiple clients over the years that receive monthly analytics reports from their “web person” and disregard the information due to a lack of understanding. By ignoring the information provided in each analytics report, you might be missing key information about your business. Variances in online behaviour are important to determine problems and identify trends.

Google Analytics go above and beyond recording how many people have visited your site, it can also help to identify “unusual” behaviour. For example, when one of our clients was the victim of a website scam, we were able to identify new visitors to the site that came from suspicious sources. Finding out this information and alerting our client was imperative to the security of our client’s site, and without Google Analytics we wouldn’t have been able to act as fast as we did.

Analytics are a key part of the marketing process, and website analytics are only one form of such data. If your business is on digital platforms, you need to make sure you have clear analytics reports that also include relevant data on your social media efforts, and ideally include summaries and recommendations for adjustments and changes for improvements.

If you are investing your time and money into a robust website, it’s important that you have an understanding of how your audience is using it. Ask your marketing agency to provide a detailed analysis of your digital assets and explain what changes, if any need to be made. The goal of truly understanding website behaviour is using analytics to its fullest potential.