Key issues to review
1. Mindmap of key issues and deliverables in a digital strategy
We have created this summary mindmap that can be downloaded by Expert members as a clickable PDF and edited as a Mindjet Mindmap.
2. Prezi visual summary of process featuring the templates for context
3. Detailed checklist list of advice on each issue
These notes can also be read in the downloadable version of the Mindmap.
“If you fail to plan, you plan to fail”.
You plan to succeed with digital channels if you have:
• SMART objectives based on marketplace analysis
• Strategies aligned with objectives
• Integration between online and offline activities
• Sufficient allocated resource
Output(s)
Digital marketing capabilities audit. There are two options here. Basic and Expert members can complete our interactive healthcheck.
Expert members can complete a spreadsheet-based capability audit
This is a situation analysis reviewing how your customers use digital channels integrated with traditional channels.
Output a: A marketplace map summarises customer types, customer search behaviour, key influencer types and intermediaries
Output b: Create a digital channel SWOT in TOWS format to summarise the key issues you need to manage for digital channels. It’s available as part of the Digital Strategy toolkit download.
The TOWs format enables you to brainstorm and select strategic options.
Every company is on a journey to improve their digital competence – it will take more than a year and will be ongoing. Your vision should highlight the benefits digital transformation will deliver to the customer and the company summarised using top-level goals with the 5Ss.
Output: Summary of vision or defined as 5S
Specific commercial objectives from digital channels should be set based on quantitative modelling of direct online sales (online revenue or profit contribution) and indirect (offline revenue contribution).
Output: A key part of summarising strategy – a table aligning SMART RACE objectives with strategies and KPIs to be tracked
A conversion-based channel model is recommended to make them quantitative.
Your analytics system should be customised so that you can track KPIs through goals with values attached to them.
Output: A summary table of RACE KPIs to include on dashboard, covered in the strategy qualification and Delivering Results guides. Will form custom reports in Google Analytics as described in our GA guide.
Digital channels give new opportunities to target niche audiences with existing or new propositions.
Priorities for targeting markets and audiences should be defined.
Output: Table summarising targeting options with different online media channels – Paid-Owned-Earned. The digital strategy course workbook has a summary of key approaches
The Online Value Proposition reinforces key brand messages from 7Ps and highlights the reasons why audiences should engage with a brand and be influenced to buy and share.
Output: Definition of OVP
You can read about this in the strategy section of our 7 Steps Guide to Digital Strategy.
A business case and budget defines the internal resource (head count), external agency resource and capital Expenditure.
Output: Business case / cost benefit analysis and budget for activities.
Digital transformation applies most to larger companies, it describes how they will refine their internal and external processes and workflows.
Output: Table summarising the 7S applied to digital marketing.
There is an example in our 7 Steps strategy guide.
The plan to transform to social business is similar to that for digital transformation.
We have identified it separately since Social media communications are a key part of digital transformation, indeed marketing transformation. Treating social media as a channel is ignoring its potential and importance.
Output: Social media marketing or social business plan
Ensure you have appropriate controlled spend of online media through budgeting for Paid-Owned-Earned media investment with a conversion-based budget model.
Output: Digital communications budget – available to Basic members and Expert members.
Search marketing still gives huge opportunities to develop awareness, preference and sale for many types of companies.
Define an integrated search strategy based on a prioritised gap analysis based on consumer keyphrase behaviour.
Output: Integrated search targeting and investment approach
This is covered in our 7 Steps to SEO and AdWords guides.
Take advantage of online network connections by identifying key influencers and complimentary partners and then developing proactive management of these.
Output: Influencer or partnering plan
Output: Your lead generation plan defines:
• Key engagement devices to generate leads
• Key profile fields to help define customers
• Lead scoring to help assess customers
• Lead maturation processes through behavioural targeting
Define conversion funnels and pathways within site design based on Top Customer Tasks and the value of content.
Digital marketing often encourages the creation of silos, especially in large organisations. Integration planning will help develop:
• Seamless customer journeys from online to offline
• Co-ordination and collaboration between internal and external teams
See post on ROPO approach for reviewing
Content is the a online asset which plays a role across RACE, so it needs to be proactively managed through a content marketing strategy or plan which sets out:
• Priories for content investment, for example using the Content Marketing Matrix.
• Scheduling content through editorial calendar
• Search Engine Optimisation of content
• Outreach to spread the word about content
• Analysing and optimising content effectiveness
CRO is Conversion Rate Optimisation. Your CRO plan sets out a schedule for tests to improve to increase conversion rate and value generated via your digital marketing during customer acquisition.
Output: CRO plan and schedule of Experiments.
Merchandising is traditionally an Ecommerce activity, although best practices aren’t described much.
We believe they are of wider relevance.
Output: Merchandising plan defining updates to Products, Promotions and Content to support campaigns.
Understanding loyalty drivers through determining Satisfaction and Net Promoter Score is crucial to encouraging repeat sales and recommendations. It often has insufficient attention with the focus on Acquisition and Conversion.
Output: Customer Loyalty plan
As referenced in Issue 10, Social media underpins many of these other activities, so it needs an overall plan and integration with most digital marketing activities.
Output: Social Media Plan
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