To launch a successful campaign is to apply a set of strategic activities to promote a brand, product, or service. A well-executed marketing campaign helps a company boost its sales and gain new customers. You achieve this by raising brand awareness and enhancing customer loyalty.
However, not all marketing campaigns are successful, and the return on investment isn’t always guaranteed. In fact, some marketing campaigns do more harm than good to organizations and lead to losses. Therefore, planning a marketing campaign properly for the desired conversion rate is important.
Here are the top 10 factors to help you hit the ground running with the perfect marketing campaign.
1. Define Your Goal
An organization doesn’t run a marketing campaign for the sake of it. The goals must be defined during the planning process, and the whole campaign must be tailored toward achieving those goals. Use the SMART goals model in your campaign:
- S – Specific. Have focused, precise, and understandable goals for your campaign — for example, a specific goal of increasing your sales by 2%.
- M – Measurable. Create goals that can be quantified.
- A – Achievable. Create goals that can be attained. Do not punch above your weight.
- R – Relevant. Create marketing campaign goals that make sense to your organization’s general goals.
- T – Time-bound. Put a timing to your goals.
2. Come Up with a Budget
Even though marketing can be done on zero budget, like using user-generated content, most marketing campaigns come with financial baggage. The percentage of gross income used for marketing differs from organization to organization. Therefore, according to the financial needs of your marketing campaign and your organization’s marketing policy, come up with the most affordable but efficient budget.
Before deciding on a budget, consider the desired Return On Investment (ROI). The rule of thumb is that the budget should not exceed the return on investment.
3. Define Your Target Demographic
It’s important to define a specific target audience for your marketing campaign. This principally depends on the prime users of your product or service. From a large demographic, you can do market segmentation, dividing the market into clusters with similar needs. This will help you develop a detailed and personalized message tailored to the targeted group in the marketing campaign.
Additionally, identifying your target audience helps you choose a tone and channel that is more relatable to the demographic. For example, targeting young people through social media is more effective.
4. Choose Your Marketing Team
This may be the most critical factor in launching a successful marketing campaign. Your marketing team is involved in the marketing campaign, from design to implementation to post-campaign analysis. Therefore, it means that the results of a marketing campaign depend heavily on their expertise.
Choose creative and innovative marketing personnel that can disrupt the market. Also, having the right personnel needed for the contemporary marketing campaign is crucial. This includes an SEO expert, social media manager, graphic designer, and writer. If you don’t have a team in place, you can look up marketing professionals on Leadar for the best talent.
5. Define Your Message
The message in your marketing campaign affects your target audience’s decision. A good marketing campaign message contains the following:
- Value proposition — informing the target audience about the value they get from buying your product or service.
- Call to action (CTA) — a message telling your audience what they should do and in turn, convert a prospective client into a customer. For example, “Try for free” or “Buy now”. This can also be in the form of hashtags, for instance, #ShareACoke.
- Story — sharing a narrative that will resonate with the audience and inspire them to buy your product or service.
Your message should contain an emotional appeal, scarcity, humor, etc. Ensure your audience understands the message by personalizing it, being precise, and using the right tone.
6. Choose the Communication Medium
Your choice of medium to use depends on several things.
- Target audience. For example, use social media if it’s a youthful audience.
- Content. Use radio for content that doesn’t need visuals; use social and broadcast media for visual content.
- Affordability. If TV ads are expensive for your campaign, leverage cheaper digital methods.
- Reach. The number of people you intend to reach may dictate your communication medium. For example, an international Coca-Cola campaign must use TV and radio stations, magazines, and newspapers.
In some scenarios, you may have to go with a media mix, for example, blending TV, radio, newspapers, and digital ads.
7. Research
Marketing campaigns can be expensive and difficult to execute at the same time. Since a lot of money is typically at stake, you must conduct deep research on whatever you want to do throughout the campaign. For example, conduct a competitive analysis to determine what your competitors are doing right or wrong in their marketing campaigns. This will help you have the blueprint for a successful campaign while avoiding costly mistakes.
Besides, research the current market to develop a campaign that will resonate well with your prospects.
8. Execution
After planning, this is the stage where the campaign is deployed through different communication channels. Remember to follow the plan as discussed by your marketing. However, the most important aspect of the execution stage is supervision. Assess the events that unfold with the rollout of the campaign messages in the chosen media. During this assessment, conduct campaign optimization wherever necessary. Campaign optimization involves adjusting the marketing campaign to improve its performance.
9. Promote Your Campaign
To help your marketing campaign reach its maximum potential, ensure it reaches as many people as possible. Here’s what you can do to achieve great returns:
- Share your campaign on social media (start with your loyal customers)
- Pay for promotional messages of your campaign
- Collaborate with other organizations in your campaign
- Conduct product activations
- Do a parallel PR campaign
10. Analysis
After completing a marketing campaign, you will need to analyze its performance. Therefore, set aside quantifiable measurements, like key performance indicators (KPIs), before you launch your campaign. For example, setting a KPI of raising $10,000 by the end of a campaign will help you tailor your strategies to this goal.
Conclusion
Every company needs a marketing campaign, especially to boost its sales. Therefore, this requires a competent team to help you strategize on money, message, and execution. A well-planned campaign is easier to manage and stands a chance to surpass your ROI. That said, the above tips should guarantee you hit your marketing goals and stay ahead of the curve.
Hey Guys! My name is Richard Andrew. I am a contributor to the Strategy Watch. I have finished my graduation with a major in Economics. My interest areas are Economics, Financial Analysis, Stock Analysis, and Business Strategy.