Digital Marketing Tactics Strategies
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The document discusses how to specify digital marketing tactics and strategies. It recommends defining business goals and key performance indicators, conducting market research to understand customers and competitors, and specifying required resources and financials. It then outlines various paid digital channels that can be used, including Google AdWords, Facebook ads, Twitter ads, LinkedIn ads, Instagram ads, and email campaigns. It emphasizes the importance of evaluating metrics like lifetime customer value and cost per acquisition to determine which channels will provide the best return on investment. The document uses a hypothetical fashion e-commerce store example to demonstrate how to create initial data and set limited test campaigns to obtain metrics when real data is not yet available.
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Digital Marketing Tactics Strategies
- 1. DIGITAL MARKETING HOW TO SPECIFY TACTICS & STRATEGIES
- 2. Our main aim as Digital Strategists or Digital Marketing Managers, is to ensure the optimum tactics that will drive to Generation of Leads and Sales or/and maximize the Brand Awareness. Where and how we START. What we have to consider. What we have to FOCUS or AVOID. How we choose the BEST options. How we choose the BEST Digital Channels. How we Measure the value of our Strategy. Those are only some of MAIN CONCERNS we face. The STEPS we have to follow, MUST BE: • 22 Main Concepts • Specify our market - products – customers • Analyze each digital channel’s data and their Opportunities • Match digital channel’s Opportunities with Defined Goals & KPIs • Compare generated data & Re-position the Strategy & Tactics
- 3. • 23
- 4. • 24 #1 DEFINE YOUR BUSINESS GOALS & KPIS Set Goals (Prioritize Business Objectives) Define Key Performance Indicators (KPIs) (e.g. Generate Leads/Sales, Brand Awareness/Engagement) G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 5. • 25 Make a Buyer Persona Research Make a deep Competitor Analysis Research (expl. Get to know your Customers and how your business stand in the Market) #2 MAKE YOUR MARKET RESEARCH G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 6. • 26 Create your Digital Marketing Financial Projections Identify required Digital Marketing Roles #3 SPECIFY RESOURCES & FINANCIALS Have clear Answers to Questions like: what Budget you will need, who will Plan, Execute & Measureexpl.( ) G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 7. • 27 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 8. • 28
- 9. 29 WHERE TO EXPOSE YOUR BUSINESS PAID DIGITAL CHANNELS TO USE FACEBOOK ADS EMAIL MARKETING INSTAGRAM ADS LINKEDIN ADS TWITTER ADS GOOGLE ADWORDS G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 10. • 210 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S GOOGLE ADWORDS Bidding: PPC, PPM, PPA, ePPC Networks: Search, Display, Mobile, Partners Targeting: Geographical, Device, Industry Ideal for: Conversions (Search), Brand Awareness (Display) ADVERTISING METHODS TOP #5 BENEFITS * Pay Per Click (PPC), Pay Per Million (PPM), Pay Per Acquisition (PPA), Enhanced Pay Per Click (ePPC) * Measurable Cost Effective Maximum Relevance Highly Targeted Remarketing
- 11. • 211 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S GOOGLE ADWORDS 1. CUSTOMERS SEARCH 2. RESULTS APPEAR 3. FIND COMPANY’S AD
- 12. • 212 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S GOOGLE ADWORDS FACTS & OPPORTUNITIES Over 100 Bn Searches per Month 2.3 M average Google Searches per Second 33% of Total Digital Revenues, occur from AdWords Average CTR for Google Ads: 3.16% First Ad’s CTR for Google Ads: 7% + Over 1.2 M Businesses advertise on Search Network 54% Successful generated Leads from AdWords For every $1 spent on AdWords, businesses generate $2 in Revenue Average CPA for AdWords Search Ads: $59.18 Average CPA for AdWords Display Ads: $60.76 Average Conversion Rate for Search Ads: 2.70% Average Conversion Rate for Display Ads: 0.89%
- 13. • 213 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S FACEBOOK ADS Bidding: PPC, PPM Ad Types: Promote page, Increase engagement, Collect leads, Boost posts, etc. ADVERTISING METHODS TOP #5 BENEFITS * Enhance Audience Targeting Low Spending Cost Extensive Analytics (Insights) Improved Brand Awareness Large Mobile Audience Targeting: Geographical, Interest, Behaviors Ideal for: Brand Awareness, Social Engagement * Pay Per Click (PPC), Pay Per Million (PPM)
- 14. • 214 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S FACEBOOK ADS TARGETING OPTIONS ADVERTISING TYPES
- 15. • 215 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S FACEBOOK ADS FACTS & OPPORTUNITIES Over 1.65 Bn Active Monthly Users Users spend on Facebook average 20 min. per day 22% of Total Internet Time, spend on Facebook (mobile) Friday Posts usually receive the Highest Engagement Facebook average Advertising Revenue per user is $11.96 Average CTR for Facebook Ads: 0.9% Average CPC for Facebook Ads: $0.64 Average CPM for Facebook Ads: $7.29 75% of Brands promote their Facebook Posts 3 M Businesses advertise on Facebook
- 16. • 216 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S TWITTER ADS Bidding: PPC Ad Types: Tweet engagement, Website clicks, Followers, Leads on Twitter, App install ADVERTISING METHODS TOP #5 BENEFITS * Low Spending Cost Build Followers Audience Tweet Engagement Fast Lead Generation Large Mobile Audience Targeting: Keyword, Interest, Tailored Audiences Ideal for: Brand Awareness * Pay Per Click (PPC)
- 17. • 217 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S TWITTER ADS FACTS & OPPORTUNITIES Over 310 M Active Monthly Users 130.000 active Twitter advertisers 80% of Active Users, access via Mobile 208 is the average number of Followers There are 1.3 Bn Twitter Accounts 86% of Twitter Ads Revenue come from Mobile CAMPAIGN TYPES
- 18. • 218 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S LINKEDIN ADS Bidding: PPC, PPM Ad Types: Sponsored Content, Text Ads ADVERTISING METHODS TOP #5 BENEFITS * Best B2B Marketing Business Oriented Approach Extensive Analytics (Insights) Enhanced Audience Targeting Job Post Listing Targeting: Job, Industry, Company, Seniority Ideal for: Brand Awareness, Career Path, B2B * Pay Per Click (PPC), Pay Per Million (PPM)
- 19. • 219 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S LINKEDIN ADS SPONSORED CONTENT BOOST YOUR COMPANY'S CONTENT ACROSS ALL DEVICES TEXT ADS START GENERATING LEADS IN MINUTES
- 20. • 220 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S LINKEDIN ADS FACTS & OPPORTUNITIES Over 400 M of LinkedIn Users 35% of users, access LinkedIn every day 39% of users, PAY via Premium accounts More than 300 M Businesses have set LinkedIn Page The average Monthly Time Spent on LinkedIn is 17 min. 41% of LinkedIn visits via Mobile Over 25 M LinkedIn profile views per day 200 Conversions per min. occurring on LinkedIn 1 out of 3 Professionals has LinkedIn profile
- 21. • 221 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S INSTAGRAM ADS ADVERTISING METHODS TOP #5 BENEFITS Bidding: PPC, PPM Ad Types: Promote page, Increase engagement, Collect leads, Boost posts, etc. Enhance Audience Targeting Low Spending Cost Extensive Analytics (Insights) Improved Brand Awareness Large Mobile Audience Targeting: Geographical, Interest, Behaviors Ideal for: Brand Awareness, Social Engagement * Pay Per Click (PPC), Pay Per Million (PPM) *
- 22. • 222 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S INSTAGRAM ADS PHOTO ADS VIDEO ADS CAROUSEL ADS
- 23. • 223 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S INSTAGRAM ADS FACTS & OPPORTUNITIES Over 500 M of Instagram Users 60% of users, log in Instagram daily 30% of Internet users, are now on Instagram Younger than 35 years old are 90% of Instagram users The average Monthly Time Spent on LinkedIn is 17 min. 80 M of Photos are shared daily 48.8% of Brands are on Instagram, 70.7% by 2017 Instagram clocks over 3,5 Bn likes every day The avg. Engagement per Post has grown by 416% 70% of most used #hashtags are Branded
- 24. • 224 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S EMAIL CAMPAIGNS Payment: Free, List, Sends Type: Newsletter Email ADVERTISING METHODS TOP #5 BENEFITS * Guaranteed Reach Leverage Existing Content Personalize Messages Spread Brand Awareness Targeted - Measurable Targeting: Job, Industry, Company, Seniority Ideal for: Brand Awareness, Conversions * Paid Services, depending on Mail List Size or Email Sends/month
- 25. • 225 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S EMAIL CAMPAIGNS GREAT EMAILSGREAT EMAILS
- 26. • 226 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S EMAIL CAMPAIGNS FACTS & OPPORTUNITIES For every $1 spent, Email Marketing generates $38 Personalized Emails improve CTR by 14% and conversions by 10% (avg) 83% of B2B marketers use email newsletters Employees spend 13 hours each week in their email inbox Email marketing drives more conversions than any other marketing channel, including search and social A message is 5x more likely to be seen in Email than in Facebook Email marketing has an ROI of 3800% 72% people prefer to receive promotional content through Email, compared to 17% who prefer social media
- 27. • 227 Now you have a first Idea, of Digital PAID Channels you can use. But… in Which & How much will you Invest ? G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 28. • 228
- 29. • 229 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S GETTING STARTED If we want to determine which Digital Paid Channel, Return us more on Investment, we must evaluate Data: • Lifetime Value of Customers The net dollars a customer is worth to you from the moment they become a customer to the moment they are no longer a customer • Cost per Acquisition How much are you willing to spend to acquire a new customer • Total Campaign Cost How much does in total cost a Campaign (includes set-up, landing page design, ad expenditures, etc.) • Total Click-Through-Rates How many Clicked from how many Showed • Total Conversions & Conversion Rate How many Converted (Purchased, Signed-Up, etc.)
- 30. • 230 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S THE MEANING OF LIFETIME VALUE & CPA Budgeting and Percentage of Ad Spending, has to be defined as a function of how much revenue are we getting and how much are we going to invest. Ad Spend (CPA, Lifetime Value)
- 31. • 231 We assume that: 1. 70-75% Conversions & Generated Leads approach. (from above, better suit: Google AdWords and Email Marketing) 2. 25-30% Brand Awareness & Engage approach. (from above, better suit: Facebook Ads) 3. The average Women’s Fashion Dress price is $ 100. (you can make a research or you know your industry’s values) 4. We consider that a woman will buy from our store in her life, an average of 6 dresses. So, the estimated Lifetime value is $ 600. (Simplified Calculation of Lifetime Value) 5. We assume that we are willing to pay about 15% for New Customers Acquisition. So our Estimated CPA is $ 90. (Extremely high value of CPA, but we are going decrease it) THE ASSUMPTIONS (NOT EXISTED DATA) Let’s say we want to launch a Fashion Dresses e-commerce store, but we don’t have enough data to plan our Digital Strategy. G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 32. • 232 THE METHODOLOGY (CREATING OUR FIRST DATA) As we don’t have existed Data to Measure and Compare them with our Assumptions, we have to create them. So, we will set for Limited Time, Limited Budget Campaigns, for each of AdWords, Facebook and Email Marketing. G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 33. • 233 We set the Same Period for each Campaign (eg. 10 days) We set the Same Budget for each Campaign (eg. $200) THE METHODOLOGY (CREATING OUR FIRST DATA) We’ll measure the Same Metric (CPA) and compare with our Assumption G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S
- 34. • 234 MEASURE COST PER ACQUISITION (10 DAYS AFTER) G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S Facebook Ads (CPM): Impressions: 1.000 Total Cost: $200 CPM: $200 Conversion Rate: 1.3% Google AdWords (CPC): Total Click-Throughs: 216 Total Cost: $200 Conversion Rate: 1.9% Email Campaign: List Size: 1.000 names Total Cost: $200 Response Rate: 3% Conversion Rate: 8% FROM THE ABOVE DATA, WE CAN CALCULATE THE REAL CPA Converted Visitors: 4.1 REAL CPA: $48.78 Converted Visitors: 2.2 REAL CPA: $90.91 Converted Visitors: 2.4 REAL CPA: $83.33
- 35. • 235 HOW TO DEFINE THE BUDGET PLAN FOR EACH PAID MEDIA G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S Now we can manage the Ad Spending, considering the MAXIMIZE of Revenue by REDUCING the Ad spending lose GOOGLE ADWORDS 70% OF TOTAL BUDGET (EG. $1.400, FOR $2.000) EMAIL CAMPAIGN 17% OF TOTAL BUDGET (EG. $340, FOR $2.000) FACEBOOK ADS 13% OF TOTAL BUDGET (EG. $260, FOR $2.000)
- 36. • 236 G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S CONCLUSION Some interesting facts : • We defined which Paid Method return more Revenues • In this case, Google Ads, reduced CPA to half • During this Test period, we had ROI: 145% • Planning the Budget, we can achieve a ROI: 1865% • We have to re-calculate often the generated cpa
- 37. • 237 CHECKLIST FOR CONVERSION RATE OPTIMIZATION G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S Create the Ideal Landing Page (CTAs, short forms, telephone, etc.) Add in personalization tokens and smart content Structure your Ad Campaign, according to Standards that ensure optimum Quality Score Create High Quality Content (Images, Videos, Infographics etc.) Choose your subject line and sender name carefully (for Email Campaigns) Create Emotional Engaged Posts to promote Make a deep Keyword Research and create Ad-Groups with as few and Relevant Keywords Consider Copyrighting and Ad-Text efficient Make your Website Mobile Friendly and keep Mobile and Desktop Ads separate Create different Campaigns, each targeted by Behaviors, Industry & Interests Make use of Remarketing Lists and focus to Special Offers Create and Evaluate many A/B Tests variations
- 38. • 238 Will be updated soon…( )
- 39. G E O R G E Y F A N T I S H O W T O S P E C I F Y D I G I T A L T A C T I C S & S T R A T E G I E S WHAT’S NEXT Marketing Psychology Behavioral Analysis of Consumers Customers Acquisition (Effective Strategy Technics) DON’T MISS OUT ... How to create Buyer Personas for your Business See also…
- 40. DIGITAL MARKETING & STRATEGY MANAGER Giorgosyfantis.gr George Yfantis info@giorgosyfantis.gr twitter.com/GiorgosYfantis linkedin.com/in/GiorgosYfantis HOW TO SPECIFY DIGITAL TACTICS & STRATEGIES slideshare.net/GiorgosYfantis