Listen to the podcast or read the edited transcript below:
Summary: We’ll explore why quick fixes often fail and discuss the importance of building a solid marketing foundation.
In this discussion, we’ll cover:
– The misconception of viral content as a marketing strategy
– Essential components of a strong brand strategy
– Importance of defining your Unique Selling Proposition (USP)
– Creating detailed buyer personas and understanding your audience
– Maintaining brand consistency across all platforms
– Conducting effective competitor analysis
– Adapting your strategy in a changing market
This podcast will give you an insight into a true need for you to build an integrated marketing approach, where success comes from a combination of tactics rather than a single miraculous solution.
Spolier Alert: There’s No Silver Bullet in Digital Marketing
If we had clocked marketing, we wouldn’t be sitting here today.
We’d now be multi-millionaires living in our villas in Bali.
So there’s no one single “answer” to marketing, and there’s no silver bullet. It’s about trying to build those fundamentals, test and adapt.
I think having a single strategy you can work towards to build out those elements and what they look like is a massive part of that.
The misconception that this one thing will completely revolutionise your business. Here’s where you may think, “Sometimes that does happen, right?”
True, many businesses get this viral piece of content, and they do get this amazing silver bullet, but it’s often by accident. It’s often completely luck. And it’s more about the other things working behind that make that a reality.
So let’s break this down, and instead of searching for a silver bullet, remind ourselves of the essential Components of a Strong Brand Strategy.
Defining Your Purpose and Mission
Brands must start with a purpose, mission statement, and the values behind it, such as who they are and why they operate.
More importantly, as an audience and consumer, we want to know and learn about a brand’s story.
How did you start? What’s the story behind your company?
Having that as the foundation behind your actions is powerful. It needs to be compelling and interesting, and it needs to be real as well.
Identifying Your Unique Selling Proposition (USP)
What is that one thing you and your business do that sets you apart from others? What is that one thing that your company does that no other business does?
Take it even further – what’s something your business does that no other company in the world does?
Is it the way that you deliver your service? Is it a certain methodology that you have? Is it just your level of service? What is that USP that really defines who you are as a brand?
Developing Your Visual Identity
The other essential part is your brand’s visual identity and design.
When people look at your brand, it makes up who you are. Having that consistent visual identity across all elements of where people will see it also makes sense.
Logos, colours and fonts are examples of things that help build your business’s visual identity.
Understanding and Researching Your Audience
This is the biggie, as you don’t have a brand without a target audience and a consumer of your product or service.
Get very detailed with your buyer persona.
Try to think about that 40 to 50-year-old male who enjoys surfing on the weekend and works as a chief technology officer at a SaaS company.
Those little details can help build out what that person is, who that person is, what they’re doing on a day-to-day basis, and what kind of pain points they’re facing that will then turn into your ideal customer profile.
Mapping the Customer Journey
When we’re working through a buyer persona, I also always think about the buyer’s journey they’re actually going through.
How did they first find out about your brand? What type of content resonated with them? What kind of sparked that interest?
Then, you need to figure out a way to build trust with your product or that service or build on that desire that attracted them to you in the first place.
This buyer journey will change over time as new digital platforms come into play, your competitors change, and your product/service and customer adapt. So keep this agile and review it often.
Stay away from the ‘this used to work well’ mentality.
How Do I Research My Audience & Buyer Journey?
Don’t overthink this part – start interviewing people in a focus group style and getting some surveys out to current customers and customers you’d love to have one day.
Connect ‘pain points’ and ‘who you’re talking to’ and ‘how you’re solving a problem’ is a good way of looking at audience segmentation.
Ask your audience questions and discover where and to whom those pain points appeal. Then, start to work backwards to try and say, “Hey, this is my target audience,” or “These are the personas that I’m looking for.”
The Risk of Too Many Personas
We suggest you have two or three core personas.
We’ll even give these personas a real name and choose a cheesy stock image, so they actually have a face.
That helps with making sure you’re reminding yourself that these people exist when you’re building your marketing plan or content.
Then, break that down even further and put these personas into subsections. And that’s obviously getting pretty detailed.
But the more details you can get, the better.
When you’ve got some key or core buyer personas that you’re working towards, then once you understand these audiences better, you realise that they often peel out into their own subsections, which we frequently see with our clients.
Competitor Analysis: Learning from the Market
Conducting a SWOT and Competitor Analysis
A comprehensive SWOT analysis is a great place to start when looking at your strengths versus the weaknesses you need to be aware of, alongside the threats you’ve acknowledged and what opportunities lay before you.
Then, analysing your competitors is a massive advantage to your business.
You need to be able to understand what their USP is so that you can start to look at what your USP is in comparison to that.
You can also use strategies and ways to make yours resonate better, feel better, and be more comprehensive to your target audience.
Analysing Competitor Marketing Strategies
Do some spying on your competitors. There’s a lot of data available to you if you’re willing to search for it.
The thing that I’m looking for is using tools like the Facebook Ad Library. Here, you can have a look at the amount of creative content being used by your competitors, which tells us, okay, clearly, they’re going after a specific persona, and that persona is on Facebook.
We can look at the ads on there and the language used. We can look to see how long the ads have been running, which clearly shows us what ads are doing well and converting well for them.
We can also tell if they’re actively involved in this account because many different creatives are being tested – which tells us that it’s a channel that’s making them money.
So we’re looking at all those different things to get some ideas.
And that’s just Facebook. Remember that we also have Google Search, where there are a lot of tools where you can crawl a business website and see what potential keywords they’re actually getting traffic from.
Using the Google ad library, Google will also tell you what ads they have running.
So we can get an excellent understanding about where potentially they’re investing their marketing and try and learn as much as we can about what they’re doing or how we can differentiate from what they’re doing to make sure that we are reaching our core persona.
Entering a Competitive Market
So, you’re doing your audience research and know you’re in a competitive market. How do you stand out?
Focus on YOUR unique selling point and niche.
Go right back to the start of this article and work out what makes you different, and combine this with your tight audience persona.
If you can niche down to focus on your core persona, that means that your advertising dollar is going to be much better spent.
You can go to Facebook, Instagram, LinkedIn, TikTok, or Google and be able to define your audience, even down to 34 to 40-year-old males who like surfing and work as CTOs in SAAS businesses.
Then, combine that audience with creative content that clearly defines your unique selling point (USP).
For example, we met with a client last week, and one of their USPs is the aesthetics of their product. And they’re looking for a tight consumer looking for a much more aesthetically pleasing product, than what’s on the market already.
Staying Agile in a Changing Market
Remain agile, always. Markets will change. Your audience will change. Season also changes.
But I think we can go back to those fundamentals and have that USP, audience, and marketing plan ready. So when you do get flustered or you get slightly out of control, you can always focus back on that.
You can always refer back to it, change and tweak as you need to, but it’s your foundation blocks. Then ensure that all the execution tactics return to those key foundations.
Every piece of content should relate to your brand’s tone of voice, personality, audience and USP.
Obviously, that’s what we do at Done by Nine. It’s our bread and butter, trying to work through different USPs, find who a client’s customers are, their key personas, and their competitors, and build the foundations.
So if that’s where you need help – we’re ready to assist when you are.those strategy pieces at the start and keep reiterating, keep testing and keep trying new things as well.