Creating a Marketing Strategy · Elements of a Marketing Strategy 1. Target customers 2. Unique...
Transcript of Creating a Marketing Strategy · Elements of a Marketing Strategy 1. Target customers 2. Unique...
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Penny Leff, Agritourism CoordinatorUC SAREP
Creating a Marketing Strategy
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A good marketing strategy will:
• Identify your target customers
• Identify how you will reach your customers
• Identify how you will retain your customers
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Elements of a Marketing Strategy
1. Target customers 2. Unique selling proposition 3. Pricing and positioning strategy 4. Call to action – offers 5. Marketing materials – collateral6. Promotions strategy7. Online marketing strategy8. Partnerships9. Referral strategy10. Retention strategy11. Finances of marketing
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Target Customers
• Who are your customers?
• Age, gender, income, family grouping?
• Their interests?
• Their wants and needs related to your product?
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Unique Selling Proposition (USP)
• What distinguishes your product from competitors?
• What do you do better than your competitors?
• Short & easy to remember
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Pricing and Positioning Strategy
• How should your product be known? Premier? Low Price?
• Pricing and positioning need to be aligned
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Call to Action – Your offers
• Special deals
• Secure new customers
• Bring previous customers back
• Free trials, packages, discount offers
• Not always needed, but infrequent use can stimulate quick growth jolt
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Marketing Materials - Collateral
• Use to promote your product
• Includes website, brochures, business cards, flyers
• Select which materials you need based on your target market
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Promotions Strategy
• “How” you’ll reach new customers
• Consider various tactics:
• Trade shows, farmers’ markets and events
• News releases leading to articles & blog posts
• Familiarization tours for influencers
• Social media
• Paid ads (print or online)
• Which ones most effectively reach your target
customers and fit within your budget?
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Online marketing strategy
• Updates to keep website fresh, clear, mobile-friendly, easy to navigate
• Key words to optimize your website
• Email newsletters or regular blog posts?
• Social media strategy – which channels work best to connect you with your target audience?
• Who will manage social media?
• How will you schedule your postings?
• Paid online marketing?
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Partnerships and Collaborations
• Identify other businesses & organizations you can work with to help reach new customers or inspire existing customers
• What do your customers do before and after they visit you?
• Are there opportunities to enhance your offerings through partnerships?
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Referral Strategy
• Your current customers are your best promoters!
• One customer refers a new customer – adds up
• Determine when to ask customers for referral
• Will there be a reward for referrals?
• How will you encourage and use reviews & testimonials?
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Retention Strategy
• Costs less to keep existing customers
• Consider opportunities to increase their spending with you – Additional products? Events?
• Offer a loyalty program?
• Stay in touch! – newsletters and social media
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Finances of your marketing strategy
• List costs of each section of your strategy (include time!)
• Use to determine return on investment
• Use to set goals and track achievements
• Living document to adjust to changing market trends and to manage your marketing budget
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Marketing Strategy Summary
• Your roadmap
• Living document
• Use to make targeted decisions that work for your business
• Be persistent and track results
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Thank you!
Questions?
Contact:
Penny Leff, Agritourism CoordinatorUC Sustainable Agriculture Research & Education [email protected]
(530) 752-5208