Midsized Company Marketing Communications Budget Planning

This is the time of year when most companies, brands and nonprofits are involved with developing their marketing communications plans and budgets for next year. This is not an easy task in any year but, whether you’re already deeply involved in the process, or just starting, the task is even more challenging this year given the continuing global and economic uncertainties.

More than ever, increased accountability and scrutiny of the decision-making process is a necessity for improving marketing communications ROI. Customers, whether existing or new, have a multitude of choices for evaluating and selecting a product or service, so it’s extremely important to be on the same page with them.

What follows recommends a three-pronged approach to help you develop a budget and plan to profitably impact your marketplace.

Understand Your Customer Target Audience
Like most managers, you probably believe you fully understand the wants and needs of your customers, as well as their knowledge of your brand. But with so many new methods available to customers for comparing your brand to competition, are you really sure?

Is it smart to plan and commit your precious marketing communication dollars to what you think you know about customers? Maybe it would be a lot smarter to learn directly from them what they want, and how you stack up to their needs.

Ultimately, that means market research. Whether you’re a B2B, B2C or a nonprofit marketer, now is the time to learn from your customer.

  • What attributes or qualities are important to them in selecting a brand? Beyond price, what other factors influence their purchase decision?
  • How do they rate your brand versus competition? What are your strongest and weakest attributes, and what do you need to improve?

Wouldn’t you feel more secure in your decision making if you had concrete answers to these questions before you develop, much less commit to, budgets? And don’t forget about making sure you understand your employees or distributors. They’re your first line of brand advocacy. Their beliefs may not line up with your customers’ beliefs, and could lead to lost opportunities or lost sales. Look before you leap.

A Marketing Communications Audit Can Sharpen Your Message
Once you completely understand your customer, the next step is to focus on your message. The single greatest source of leverage you have is the quality of messaging, whether it’s a television commercial, a post on a Facebook page, your website, articles, blogs or whitepapers. When messaging fails to deliver, it’s usually not the platforms that fail, but rather the lack of integrated focused brand communications.

A marketing communications audit, conducted by outside consultants who don’t have a vested interest or an ax to grind, can – like a financial audit – be an enormous benefit. It will tell you whether all of the creative elements you employ – subject matter, graphics, copy, and tone and manner – are working together with one clear and meaningful message to your customers, as well as your employees.

An additional benefit of a marketing communications audit is its ability to help determine your communications mix and resulting budgets. For instance, based on customer needs, perhaps more should be spent in content marketing, with articles and blogs, and less in paid advertising, consumer promotions or coupons. Just make sure all of your messaging is saying the same thing to meet those customer needs. It’s a matter of reinforcing the image you want to convey and trust in your brand.

Consider Marketing Communications Consultants
No one is doubting that smart, dedicated people have been involved in developing your marketing communications budget and plan. But, if you’re like most midsized companies, your people are probably stretched to the limit.

Consider partnering with an established, senior level consultant to help your team develop, refine and, if appropriate, implement your programs. Above all, make sure a consultant has extensive experience across disciplines, industries and brands, and isn’t trapped by “this is the way we’ve always done it” thinking. An apolitical team, with a willingness to “tell it like it is”, with fresh eyes can be a major asset to your profitable growth.

In today’s unsettled environment, an upfront focus on developing budgets and plans can go a long way to improving marketing communications ROI.

Affiliate Marketing Network Program – Tips on Getting Accepted to an Affiliate Network

To make the most money, and to provide value to your site visitors, you want to partner with the best affiliate marketing networks. Unfortunately, it can be difficult to get accepted into some of them. Here are three tips on getting accepted to an affiliate marketing network.

Start by having a professional looking website. Have at least ten pages of content along with an about page and a privacy policy. To increase your chances, you might want to keep it free of all advertisements while you apply to affiliate marketing networks. At the very least, make sure there are no popups or flashing banner ads.

Use an email from your domain. Instead of using Gmail or another free email provider, take the time to make and use an email from the domain you are applying from. This shows that you are a serious marketer and proves that you own the domain that you put on the application.

Finally, consider picking up the phone and calling the affiliate marketing network. You can do this after you apply, or just use it in case of rejections. By calling, they know that you are an active marketer who is planning on taking the time to sell their products. Be professional while on the phone and don’t be pushy. Give details about how you are going to promote them and ask for tips on getting accepted into their network. While this phone call isn’t guaranteed to change their mind, it does make you stand out above all the other applications.

Doing these three things, along with fully answering the application, will ensure that you are accepted to some of the best affiliate marketing networks.

Should Your Business Be Using Facebook in Your Marketing Communication Strategy?

Introducing new and innovative marketing concepts into your existing marketing communication strategy can give the most confident of business owners more than a few sleepless nights, however, anyone who knows anything about marketing knows that you need to be where your customers are to sell your products or service and right now your customers are on Facebook. So while it may seem a little overwhelming and risky to go ahead and introduce Facebook into your marketing communication strategy, the marketing strategy of allowing yourself to get down there with your clients to learn more about their needs, and how you can better serve them, leaves the impression with your clients that you are truly interested in earning their business and money as well.

If you are unsure if your business should use Facebook in your marketing communication strategy here are a few reasons why you should:

1. 350 Million and growing

Facebook has proudly announced recently that they had passed 350 million members, meaning, if it were its own country, it would be the third largest in world. What better way to utilize a free marketing tool?

2. 100 Million U.S. Users
With over 100 million US users you are introducing yourself to the entire US nation of consumers in one location, with the potential for them to read about your business what you have to offer, clients can leave comments, and you can introduce a FAQ page from your site as well. This is the top leader in social networking today.

3. An hour a day

On average there will be an hour a day per Facebook user. This is more face time than any radio or billboard ad that you would spend thousands if not millions of dollars on for advertising, yet another great reason to introduce Facebook as your business marketing communication strategy.

4. Nearly 80,000 Sites Using Facebook Connect

Now your clients do not have to get online (at a PC) in order to get to Facebook or see posts, advertisements or apps. There are over 80,000 different locations online, and phones that offer the Facebook app. Currently Facebook is leading over Google as the main website as well; Just another reason to introduce your business marketing communication strategy to Facebook.

With these four reasons, introducing Facebook into your businesses marketing communication strategy becomes less of a risky undertaking. Not only is Facebook free for personal and professional use, you will be saving fistfuls of cash that would normally be spent on advertising, while raking in the profits from any new clientele you can earn through Facebook.

If you’re still harboring any doubts about whether or not to introduce Facebook into your business marketing communication strategy than perhaps you should log into your Facebook account and check out your competitors Facebook page and see what you are missing out on.

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