Recently, I moderated a panel discussion on guerrilla marketing. One reason I felt this was a really important, topical discussion is because guerrilla marketing is usually understood as a way of getting more with less. In an economic environment such as the one we are in now (i.e., a market downturn, recession, or however one wants to describe it), it is more important than ever to get the most from your investments. Yet, in general, marketing is not perceived as an investment—it is more likely to be seen as a cost.
Many organizations end up in a curious cycle: they spend on marketing when sales are up, then pull back on their efforts when sales are down. The cynical explanation for this is that sales is driving marketing (obviously the opposite of what’s intended). The more plausible explanation is that the marketing campaign was ill-conceived to begin with and the results of the campaign are difficult—maybe impossible—to track.
So, how do you create a meaningful, result-oriented marketing campaign that is measurable and works on a limited budget? Here are some of the more important aspects to consider:
- Start small and test, test, test. It is always difficult to guess if a certain campaign will work or not. Start small and grow the campaign as you find success. If your $500 test fails, it will hurt far less than if your $5,000 test fails. And if it works? It should be relatively easy to invest $5,500, especially if you are able to prove that its bringing in $3 for every $1 or marketing spend.
- Start with a media that provides easy tracking and quick turnaround to measure results. In my experience, I find that Google AdWords is one of the best places to build a campaign. One really important reason is that YOU control the budget; there are very few advertising arenas that allow you to choose how much you want to spend. Also, unless you have some experience doing this, I highly recommend hiring professional Google AdWords campaign management. There are many to choose from and they are probably more affordable than you think. But if you don’t know what you are doing, it could cost you a lot in both time and money.
- Think through the next 12 months or so and create a marketing campaign that would work throughout that time frame. Too often companies will put together a campaign for a specific moment, such as a trade show, and then that’s it. Sustain that momentum, reuse that content, video tape the event, upload it to YouTube, etc. Look for ways to harness the energy from previous efforts to work for you.
- Work with the end in mind. Know what is important (e.g., visitors who land on a specific page of your web site, number of leads, cost per visitor, etc.) and use that as an objective for your campaign. Then, build the strategy and tactics for the campaign around that objective.
For more ideas, watch the video clip below. It’s from the Austin Technology Council’s sales and marketing strategy session from last week on guerrilla marketing.
Posted by Matthew under Guerrilla Marketing & Video & Marketing Strategy & Business Strategy | No Comments »