What's your strategy for multi-channel marketing campaigns?
Vijay Balakrishnan
Chief Marketing Officer | Business Strategy, P & L Owner, Brand Management & Restaging, Marketing Transformation, Change Management Ex Tata Consumer Products (Tata Tea), Tata Coffee, Tetley, Airtel, Docomo and Cambridge
??Creating a successful multi-channel marketing campaign, especially for a strategic product launch, requires careful and dedicated planning.
Without a framework and measurable metrics, failure costs can be significant and even fatal if it's a product launch.
a. The first and most crucial step is to define your goals—are you launching a new product? Is it a re-launch? Or is it to target a market problem—falling market share, awareness deficit, or a significant shift in marketing mix elements like pricing, distribution, etc?
b. Define your audience and, by extension, your segments. Knowing your TAM, its buying behaviors, competitive positioning, USP, and compelling differentiation is imperative for defining your marketing channel mix or creating an attribution model for measuring impact. Your creative strategy must strongly underpin the GTM. The role of each channel must be clearly defined, including mass media, digital media, PR & events, and so on.
c. Once this is done, run it past key stakeholders like sales & distribution and customer care, who will play a critical role in fulfilling demand & helping realize the " moments of truth" for your customers. So selecting the channels and attributing monetary & media weights to your campaign's goals is super important.
d. Maintain consistent brand messaging & tone of voice, whether offline or digital. Brand and marketing directors may commit the cardinal mistake of choosing different creative routes or execution for channels. A consistent multi-media messaging impact and content strategy is crucial for greater comprehension and message recall, leading to desired actions from your TA/ Segments.
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If you have an external communications or brand partner, working with them closely through well-written briefs and desired campaign impact is also a key success factor.
e. Depending on the nature of your campaign, whether it's B2B or B2G or individualized for high-value accounts, using data and analytics to increase relevance and engagement should be very well thought out. It would be prudent to do A/B testing of the creative campaign before a mass rollout. This will avoid expensive mistakes and avoidable campaign recalls or mid-corrections later.
f. If you have created one, allocate budgets and channel optimization/ fertility ratios in your attribution model, so you have a clear understanding and insights into which channels provide you better yields and, more importantly, why. One of the easiest mistakes is not tracking campaign data & analytics through dashboards daily or relying on a 3rd party to do this for you.
g. Finally, have a measurement and reporting dashboard to track various phases of your campaign—ideally, prelaunch, launch, and postlaunch.
A Kanban board or any impactful analytics tool would be a huge plus. Have a daily stand-up with your team and biweekly with your other stakeholders to monitor progress, budgets, and results.