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5 Steps to a Powerful Digital Marketing Strategy

Written By: Medpow

It’s time to stop panicking about next year or next month and start crafting a plan that can pack a powerful punch. We’ve selected the 5 most important steps that you, the decision maker should take to ensure that your digital marketing efforts create a real impact on your bottom line. 
1. Know What You Want (& Set the Objective)
Nail Your Mission: 

  • Define your business’ overall mission/objective first – your digital marketing mission must fit into your grand plan.
  • Answer this question: what is the overriding objective you want your digital marketing efforts to achieve (for example do you want to position your company as the go-to online provider for computer parts in Europe)? This is your mission.
Set & Measure Your KPIs:
  • Get specific with your KPIs by identifying the figures you will be held accountable for achieving.
  • Get realistic with your KPIs by analysing your previous digital marketing efforts first – this will ensure you aim for a positive increase on your current results, while helping you to avoid setting your expectations too high.
 
2. Analyse Your Past (& Learn From Your Mistakes)
You don’t have to (and shouldn’t) go into the planning period in the dark. Analyzing your digital marketing strategy’s past success and failures can help focus you on setting the best KPIs for your business. You, therefore, might want to complete step one and two together.
Choose a time period you’d like to  analyse  (it’s best to set this time period as the same length of time you plan for your new marketing strategy) – for  example  decide on whether you’re going to  analyse  the previous year, quarter or month.
How to Analyse:
  • Determine the time period you would like to analyse and set your Google Analytics calendar to match this timeframe.
  • Try out Google’s Benchmarking Reports in your Analytics account to compare your progress to your competitors.
  • Don’t forget to analyse your competitors’ marketing strategy too – create an analysis spreadsheet of their online activities (you can use SEMrush to identify the SEO strategy of a competitor, i.e. what keywords are driving the largest volume of organic traffic to their website. It can also be used to compare the organic and paid traffic of different websites so again quite useful to see how aggressive they’re being with their paid spend.)
  • Ask yourself this question at regular intervals: is there anything else I need to analyse that I haven’t thought of before – e.g. should I be testing the times I post my content or the types of images I use?. Remember Who You’re Talking to (& Speak Their Language)
Don’t let the planning take away from the people you’re trying to reach. You already know who your audience  are  (at least we hope you do) but sometimes they’re the first thing a digital marketer can forget amidst the KPI setting, budget fretting  and  channel selection.
You’re not going to make this mistake – not this time.  Instead  you’re going to put your audience at the heart of your digital marketing strategy, cater to their emotional needs and satisfy their deepest desires. How? Through the creation of well fleshed out and well thought out personas, of course.
4. Identify Your Means (& Stick to Your Budget)
Three things are important for identifying your means: these are your budget, your digital channels and your team (or people). It is important to take stock of all of your resources before deciding on what else you might need for the next period.
For example, now is the perfect time for creating an audit of your existing digital channels and to decide whether you’re going to outsource specific sections of your digital marketing and whether you need to set budget aside for a new hire or two.
5. Make the Plan (& Don’t Stick to It)
‘Create a plan and don’t stick to it? But, but, what do you mean?’ Before the panic sets into the most  organised  of digital marketers let me explain…your plan is never going to be perfect from the outset. Not every assumption you make is going to be correct.
And although you’ve taken every care to craft a carefully constructed plan based on a set of insightful assumptions and analysis you still can’t predict exactly how your customers will behave. It is, therefore, essential to continuously measure and monitor the performance of your digital marketing strategy and to change elements where needed.
Create Your Digital Marketing Calendar:
  • Try creating your timeline using Google Calendars – that way you can share it with your team members and allow them to edit it where necessary.
  • Highlight the key campaigns you’ll create and promote throughout the year and allocate a timeframe for each.
  • Document the digital channels needed to ensure the success for each campaign.