Picture this: you’re a couple of weeks into executing your network or client’s strategic plan and you suddenly hit a major roadblock. Maybe some of your marketing campaigns aren’t performing as well as you expected or you’ve come across an unexpected drop in metrics and you’re not sure what to do.
The changing nature of performance marketing means that setbacks are not uncommon. But even if your projects and plans are meeting expectations, that isn’t good enough — there’s still room to learn and grow. It is sometimes scary to stop and reassess your strategy, but taking a breather and giving yourself time to really think about what you’re doing can make the difference between just sliding by and creating kickass campaigns that blow everyone out of the water.
We’ve broken down three ways to improve your strategic thinking.
1. Strategic Thinking Focuses on Your Customers
It’s easy to get caught up in the numbers (budgets, metrics, KPIs), but it is so important to stop and remind yourself of who you are trying to target with your campaign. Finding the right publishers to partner with helps keep you on the right track while you adjust and improve an email marketing program, social media buy, or Google AdWords campaign. Research and focus on where your customers are spending the most time, and let that data guide your decisions.
For instance, let’s say you’re targeting millennials on mobile, and you notice that conversion rates on a landing page are higher after they’ve clicked through an email instead of through a Facebook ad. Listen to the numbers, not your preconceived notions of what works for millennials.Stop and remind yourself of who you are trying to target with your campaign. Click To Tweet
2. Experiment, Fail, and Experiment Again
Don’t maintain the status quo just because “that’s how we’re supposed to do it.” Explore new ways of trying different things and you just might find the key to improving your ROI. Experiments can range from changing the copy or image design to running different promotions such as a “Deal of the Week”, which adds a sense of urgency to the campaign. When it comes to landing pages, for example, there are many ways to A/B test: the CTA, header copy, and layout design all contribute to conversion rates.
As you test, make sure that you do two things:
1) Make the experiments different enough that the results matter. Changing only one word in a headline won’t give you any valuable insights.
2) Evaluate and eliminate options with a robust tracking platform — you’ll start to find patterns that can provide valuable insight into what is or isn’t working.
3. Stay on Top of the Emerging Trends That Matter to You
Marketers are constantly bogged down with “the latest trends that are going to change your life and make your boss love you.” The changing landscape is both a blessing and curse. Marketers are empowered with better and more useful digital tools, but they’re also bombarded with trying to keep on top of emerging trends. Instead of becoming frustrated with trying to keep up with everything, figure out which areas of performance marketing you want to specialize in. Then, become the expert in that area, and apply those learnings to your campaigns. Successful strategic thinking will give you a marketing plan that will include layers of tested performance marketing tactics, along with new out-of-the-box thinking that will make you stand out.
How do you improve strategic thinking? Share your thoughts in the comments below.
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Hannah is the HasOffers Product Marketing Manager. Aside from her marketing role at TUNE, she is thrilled to be involved with both the TUNE Women and TUNE House programs. Outside of work you can find her exploring new places, obsessively capturing every moment of her puppy's daily life, and sampling all of the great local beers and wines Seattle has to offer.