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Connect, Cultivate, Convert --- A New Marketing Model

IQ
February 05, 2013

Connect, Cultivate, Convert --- A New Marketing Model

“Connect, Cultivate and Convert” is an elegantly simple, easy to communicate model that can serve as the framework for your marketing planning.

IQ

February 05, 2013
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  1. Copyright © 2013 by IQ Agency CONNECT, CULTIVATE, CONVERT A

    Model for the New Marketing January 2013
  2. Copyright © 2013 by IQ Agency TABLE OF CONTENTS 2

    A New Model Connect Cultivate Convert 1 2 3 4 02 04 16 24
  3. Copyright © 2013 by IQ Agency 6 Getting noticed has

    always been the job of advertising, but it’s the most costly marketing you will do, so make every penny count.
  4. Copyright © 2013 by IQ Agency 7 THE NEW MARKETING

    Piece by piece the internet has changed everything about buying and selling
  5. Copyright © 2013 by IQ Agency 8 • In the

    past advertising was used to get awareness, make the pitch and deliver qualified buyers • Now you can do most of it better in digital channels • So advertising doesn't have to carry the value proposition anymore • Its job is to drive people to digital channels DRIVE TO DIGITAL
  6. Copyright © 2013 by IQ Agency 9 * McKinsey &

    Co THE JOURNEY Forget the funnel. The consumer journey to purchase is very different now.
  7. Copyright © 2013 by IQ Agency 11 MAP THE JOURNEY

    • The Consumer Decision Journey tells you which “Connect” tactics are best • Plot the Consumer Decision Journey for each target audience segment • Identify the key touch points, then decide where and how you should engage. • The Consumer Decision Journey is your guide throughout the customer lifecycle. * McKinsey & Co
  8. Copyright © 2013 by IQ Agency 12 GETTING ATTENTION Consumers

    are more demanding and ads alone are not enough anymore.
  9. Copyright © 2013 by IQ Agency 13 PAID MEDIA* •

    Traditional media develops brand, but is less directly responsive • Digital media connects the viewer immediately with a click • Search captures already active prospects and should be at the top of the list • Use the Consumer Decision Journey** to select tactics * banner ads, TV, radio, print **Copyright McKinsey & Co.
  10. Copyright © 2013 by IQ Agency 14 OWNED MEDIA* •

    SEO drives search on owned site, mobile and social • Social is highest influence and trust in purchase research • Brand Ambassadors spread awareness * brand website, blog, Facebook and other owned social sites
  11. Copyright © 2013 by IQ Agency 15 EARNED MEDIA* •

    Earned is not only press - Social is also earned since consumers really own it • Transparency earns trust, trust earns reputation • More likely to create viral and Word Of Mouth * press, social mentions on non-owned social sites
  12. Copyright © 2013 by IQ Agency 17 STEP TWO: TURN

    AWARENESS INTO BRAND PREFERENCE
  13. Copyright © 2013 by IQ Agency 18 Most people are

    not ready to buy, they need to be cultivated. If a brand waits until the buyer is ready it’s too late. If preference is created, conversion is easier when the time comes.
  14. Copyright © 2013 by IQ Agency 19 BRANDS ARE NOT

    IN CHARGE Consumers are the boss so the only way to win is to super serve them.
  15. Copyright © 2013 by IQ Agency 20 EXCHANGE VALUE •

    Relationship/Dialogue is the result of value exchange • Exchange content for consumer information • Use that information to make your brand more personally compelling • Content only works if the target consumer considers it valuable
  16. Copyright © 2013 by IQ Agency CAPTURE & LEARN •

    Accumulated data informs personalized marketing • A CRM* program learns about consumers over time • A CRM database is a critical marketing asset • Content driven permission email is the heart of a CRM program * Customer Relationship Marketing 21
  17. Copyright © 2013 by IQ Agency 22 POWER TO THE

    PEOPLE Social communities empower the individual with knowledge and influence
  18. Copyright © 2013 by IQ Agency 23 ENABLE TRUST •

    Social marketing is cultivation • Compelling content influences social communities • User Generated Content (UGC) and social customer service are key
  19. Copyright © 2013 by IQ Agency 26 Convert prospects into

    qualified leads and deliver to sales. Convert customers into brand ambassadors.
  20. Copyright © 2013 by IQ Agency 27 SALES MACHINES The

    next best thing to a great salesperson is a great digital experience
  21. Copyright © 2013 by IQ Agency 28 FOCUS YOUR WEBSITES

    ON CONVERSION • You have the most control of your pitch on your brand websites and your social sites. • It’s where you can make your most compelling case
  22. Copyright © 2013 by IQ Agency 29 THREE PRIMARY SITE

    MISSIONS • Shepherd prospects through the value proposition and deliver leads to sales • Capture prospects who don’t buy into your CRM program and Marketing Automation • Quickly siphon off all other constituencies to an appropriate experience
  23. Copyright © 2013 by IQ Agency 30 MARKETING AUTOMATION •

    Marketing Automation cultivates individual relationships with prospects • It tracks activity at the individual level on your website, blog, email etc. • Each event adds to the profile of the prospect • Supports attribution
  24. Copyright © 2013 by IQ Agency 31 MAKE CONVERTS Give

    your customers reasons to be happy and then ways to spread the joy
  25. Copyright © 2013 by IQ Agency 32 BRAND AMBASSADORS •

    Brand Ambassadors spread their enthusiasm and create new prospects and customers • Enable, equip and motivate these ambassadors to spread their opinions • Enable sharing of User Generated Content on your sites and in social networks
  26. Copyright © 2013 by IQ Agency 33 CONTENT IS KING

    ...Queen and the entire court. Brands are in the content business like it or not.
  27. Copyright © 2013 by IQ Agency 34 THE NEW CURRENCY

    • Content is the currency of digital channels • Includes video, apps, tools, games, contests, articles etc. • Content is part of every stage: Connect, Cultivate and Convert • Invest in a content strategy
  28. Copyright © 2013 by IQ Agency 35 STRONG CONTENT EQUALS

    STRONG BRAND • Content must be engaging, informative and entertaining – often at the same time • Brands must constantly publish new content to stay fresh and top-of-mind • This is a big challenge
  29. Copyright © 2013 by IQ Agency 36 DATA RULES But

    the value is in deciphering what the data means
  30. Copyright © 2013 by IQ Agency 37 THE HUMAN ANALYST

    • Metrics are the fuel that powers the system • Analytics are the interpretation of metrics by analysts • Analysts find the story in the data • Analytics enable consumer/ product insights, optimization • Better attribution & ROI
  31. Copyright © 2013 by IQ Agency 38 THE DASHBOARD •

    Combining data from multiple sources into a dashboard gives you a holistic view • A dashboard gives planning and strategy a long view • Integrating analytics reveals hidden trends and insights
  32. Copyright © 2013 by IQ Agency THANK YOU For more

    information Call 678-449-2004 www.iqagency.com