Relevance, Relationships & Revenue Successfully Integrating your K12 Market Strategy 1 EIA University, 2014 Building Relationships What does it take to grow your business in K-12 today? Great Product Strong Value Prop Brand Recognition Accessible Support Visibility Clear Prospect Audience Fans & Evangelists Copyright © 2014 Market Data Retrieval 2 The Importance of STORY Know your customer’s story and become part of it… Intertwine your story with theirs Use a mix of tools to become a relevant voice Copyright © 2014 Market Data Retrieval 3 How can you find the right mix of channels to become a relevant voice to your customer? Copyright © 2014 Market Data Retrieval 4 Define your market What does my customer look like? Segmentation at the rooftop level Historically, we’ve had a very building-centric view Enrollment, poverty indicators, and Title I funding drove marketing strategy from the rooftop down to everyone in the building A demographics-based approach can be useful in determining high-level targeting Copyright © 2014 Market Data Retrieval 5 Define your customer ASK: What does my customer look? More and more opportunity to understand the prospective buyer as a person Firmographics and psychographics can enhance demographics – Know not only who to market to but how to market to them Understanding behaviors can better position your marketing message Copyright © 2014 Market Data Retrieval 6 Harness all the data you can… Contact Demographics Occupational Financial Buying Behaviors Social Media Direct Marketing Channel Preference Advertising Receptivity Interests Copyright © 2014 Market Data Retrieval 7 …and get started with analysis Copyright © 2014 Market Data Retrieval 8 Understand educator behavior 64% of educators check their email on a wireless mobile device 77% of teachers make buying decisions based on personal recommendations 74% of educators purchase products for teaching online How does this research affect my strategy? Source: Digital Marketing Trends in the Education Market 2013: A Comprehensive Analysis of the 2011-2012 School Year Copyright © 2014 Market Data Retrieval 9 Use data to define your strategy and shape your tactics What is the profile of my best customers? – Use research to shape your go-to market strategy Where can I find them? – Use an integrated strategy to introduce your brand, invite them to engage, and build a relationship Copyright © 2014 Market Data Retrieval 10 Here’s an example… Who is today’s educator, and how can you engage with her using an integrated strategy? 11 Copyright © 2014 Market Data Retrieval 11 Meet Michelle Swan… • Bachelor’s degree • 24-year-old, single female • 3 years teaching third grade at Center School, Shelton, CT • Resides at 123 College Street, New Haven, CT • Rents condo • Heavy social media user, Twitter user, blogger • Uses Internet for professional and personal use – involved in iPad pilot program in her school • Median HHI $65,000$80,000 • Prefers to purchase online • Strongly influenced by social/mobile site/blogs/reviews • Prefers solicitations via email and mobile Copyright © 2014 Market Data Retrieval 12 Connect with Michelle at all her favorite touch points Michelle visits the WeAreTeachers Facebook page and sees a discount promotion on your product, with positive comments about it from other teachers. Michelle sees your Display Ads on various sites she visits throughout the day and remembers how helpful your newsletter was. Michelle reads a tweet from WeAreTeachers that links to an Infographic about classroom management…and it references your product. She Googles your company, visits your website, and signs up on your email list. Michelle gets your email newsletter, full of helpful teaching tips. She puts one idea to use in her class the very next day, with great results. Copyright © 2014 Market Data Retrieval 13 Over multiple impressions, Michelle develops a positive association with your brand Using the discount code from FB, she purchases your product and creates and executes a successful lesson with it. Now a loyal brand fan, Michelle: • Writes about her positive experience on her blog • Tweets her teacher friends about it • Likes your page on Facebook • Pins photos from her lesson— featuring your product—on her Pinterest board Copyright © 2014 Market Data Retrieval 14 So how can you make the most of every channel? Let’s talk about: Creating an effective presence at industry events and trade shows Maximizing email to generate and nurture leads Incorporating display advertising Social strategies and content marketing Copyright © 2014 Market Data Retrieval 15 Trade Show Strategies • Metrics • Presence • Social Media 16 Copyright © 2014 Market Data Retrieval 16 Get Serious About Metrics • Establish a metrics tracker and update every event • Define metrics to evaluate preand post-event activities as well as on-site • Establish a “Hot Lead” objective and track it Copyright © 2014 Market Data Retrieval 17 Assume Nothing About Your Team Exhibit You’ve worked hard to create a lovely exhibit—now get out. HEADS UP Talk to anyone, but don’t encourage everyone. Copyright © 2014 Market Data Retrieval 18 Social Media: Include or Stay Home If you aren’t integrating social media domains into your events strategy, you might as well stay home Leverage communities to drive traffic on-site and online Get involved with event/association communities Invite third parties to contribute to your social media content Copyright © 2014 Market Data Retrieval 19 Making the Most of Your Digital Channels Copyright © 2014 Market Data Retrieval 20 Email Marketing A marketer’s bread and butter Educators’ preferred channel Copyright © 2014 Market Data Retrieval 21 Percentage of Teachers Purchasing an Educational Product or Service as a Result of an Email Advertisement Source: Digital Marketing Trends in the Education Market 2013: A Comprehensive Analysis of the 2011-2012 School Year Copyright © 2014 Market Data Retrieval 22 Amount Spent by Teachers Who Purchased Educational Products as a Result of Email Advertisements Source: Digital Marketing Trends in the Education Market 2013: A Comprehensive Analysis of the 2011-2012 School Year Copyright © 2014 Market Data Retrieval 23 Direct Marketing Channel Preference Source: Digital Marketing Trends in the Education Market 2012: A Comprehensive Analysis of the 2010-2011 School Year Copyright © 2014 Market Data Retrieval 24 Channel Effectiveness Source: Digital Marketing Trends in the Education Market 2012: A Comprehensive Analysis of the 2010-2011 School Year Copyright © 2014 Market Data Retrieval 25 Best Practice: 3 Checks • What is the campaign’s goal? • What is “success”? • Does your call-to-action support the goal? Copyright © 2014 Market Data Retrieval 26 Best Practice: Design and Landing Page Optimization Important Aspects of Email Design • Images • Image Suppression • Mobile Increase in opens on mobile devices since 2010 -Return Path “Email Mostly Mobile” Infographic Copyright © 2014 Market Data Retrieval 27 Best Practice: Targeting Works Open Rate 14.0% 12.7% 12.0% 12.0% Click-Through Rate 11.3% 9.8% 10.0% 9.7% 8.8% 8.2% 8.0% 7.6% 6.0% 6.0% 4.3% 4.0% 2.0% 3.6% 3.2% 2.6% 2.6% 2.4% 2.3% 1.9% 1.4% 0.0% Copyright © 2014 Market Data Retrieval 28 Best Practice: Nurture Leads Responder Triggers engage your responders for maximum conversion! 4x Click Rate! Copyright © 2014 Market Data Retrieval 29 Web Advertising A natural digital extension Amplifies campaign reach Easy real-time optimization Copyright © 2014 Market Data Retrieval 30 Display Advertising…Natural Extension of Your Existing Strategy Web advertising is a low-risk strategy that supports your overall marketing plan and boosts the performance of your campaign Increased reach Brand/product awareness and favorability In-progress campaign testing In-progress campaign optimization Strong metrics and measurability Copyright © 2014 Market Data Retrieval 31 Web Advertising Optimization Tactics Design Use animation Clear, well-written message or hook Strong call-to-action Simple design elements Landing Page Design connectivity Call-to-action actualized Brief, clear, concise messaging Confirmation Page Use conversion tracking Copyright © 2014 Market Data Retrieval 32 Wrapping Up Walk before you run Define measures of success up-front Lean on your marketing partners’ expertise Copyright © 2014 Market Data Retrieval 33 Content marketing is the backbone of an integrated strategy A robust content strategy can… • Build brand awareness and interest • Establish thought leadership • Extend the reach of all your channels 34 Copyright © 2014 Market Data Retrieval 34 How? With a winning formula. relevant content + multiple repurposed iterations + multiple channels = Relationship development and audience engagement 35 Copyright © 2014 Market Data Retrieval 35 …and the more engaged your audience is, the more likely they will be to think of you when it’s time to buy 36 Copyright © 2014 Market Data Retrieval 36 Make It Real. Make It Relevant. Build Relationships. • Is not about products or services Real relevant content… • Speaks directly to customers’ needs, solves their problems, or gives them information they need to overcome challenges • Focuses on building a Relationship, not making a sale 37 Copyright © 2014 Market Data Retrieval 37 Check out our products for new teachers! 38 Copyright © 2014 Market Data Retrieval 38 5 Classroom Management Tips for New Teachers 39 Copyright © 2014 Market Data Retrieval 39 Tip: Real, Relevant content doesn’t always have to be yours! Use your social channels to share valuable content from other sources For every 1 piece of your original content posted, share 3 to 4 pieces of relevant content from other sources 40 Copyright © 2014 Market Data Retrieval 40 Get the most out of every piece of content: Repurpose Step 1: Create real relevant content Step 2: Create another iteration of that same content Step 3: Repeat Step 2 41 Copyright © 2014 Market Data Retrieval 41 Create stronger Relationships: Propagate content in various forms across multiple channels Build every channel strategy around real, relevant content, such as: • Incorporating user-generated content into your email newsletter or blog • Highlighting article content or research in email and direct mail campaigns • Creating a survey-based infographic and sharing across all your social platforms 42 Copyright © 2014 Market Data Retrieval 42 Did you know…? The most popular reasons for visiting these sites are exchanging ideas (39%) and obtaining free resources (38%). The most frequent cited reason for doing so is to get coupons or discounts. 43 Copyright © 2014 Market Data Retrieval 43 Example: WeAreTeachers & Volunteer Spot Sometimes 2 is better than 1! – What brands add strength to what your brand represents? Goal: Both brands wanted to demonstrate brand leadership to related audiences through the creation of relevant and valuable content 44 Copyright © 2014 Market Data Retrieval 44 People love data and facts Step 1: Research survey to each audience 1. Brands collaborated to develop one survey altered for their audience of teachers or parents 2. WeAreTeachers compiled the results 3. Both brands worked together to determine key findings 45 Copyright © 2014 Market Data Retrieval 45 Step 2: Content development to support multiple channels Checklist Hook • Headlines • Bullet points Graphics • Repurpose for distribution channels Copy • SEO friendly CTA Review for best practices 46 Copyright © 2014 Market Data Retrieval 46 Step 3: Distribute & Promote! Post, publish, email, share, pin, tweet…etc. 47 Copyright © 2014 Market Data Retrieval 47 Example: “Smart Screen Time” Goal – Brand awareness – Engagement – User-generated content Content Strategy – Data/stats on how teachers and parents can be smart about screen time – Facebook poll on teachers’ favorite apps 48 Copyright © 2014 Market Data Retrieval 48 Distribute & Promote! Post, publish, email, share, pin, tweet…etc. 49 Copyright © 2014 Market Data Retrieval 49 Expand the social reach of your content with PR efforts Even with little to no marketing budget, you could: Identify bloggers and journalists that would most be interested in your content Start outreach with sample content so they know your area of expertise and can come to you when they need that information Create a page on your site or a quarterly “tip sheet” for bloggers and journalists Copyright © 2014 Market Data Retrieval 50 Anatomy of a Successful Marketing Plan Key Steps in the Educational Marketing Space Copyright © 2014 Market Data Retrieval 51 Anatomy of a Successful Marketing Plan 1. Planning • Defining the goals of the campaign • Segmentation strategies • Marketing channel mix • Defining any testing goals • Understanding the full value of the marketing effort • Establishing benchmarks Copyright © 2014 Market Data Retrieval 52 Anatomy of a Successful Marketing Plan 2. Execution • Timing • Versioning • Campaigning • Lead Nurturing Copyright © 2014 Market Data Retrieval 53 Anatomy of a Successful Marketing Plan 3. Measuring Results • Email • Social Media • Display / Ad Words • Ecommerce • Lead Gen / Lead Quality • Sales Copyright © 2014 Market Data Retrieval 54 Activity Break into groups to generate your own marketing case study! 55 Copyright © 2014 Market Data Retrieval 55 Anatomy of a Successful Marketing Plan Case Studies Copyright © 2014 Market Data Retrieval 56 Background Classroom magazine that engages students while presenting them with high-quality nonfiction content and comprehensive teacher planning materials and a digital edition Strong direct mail strategy using highly segmented, modeled lists Email historically only used as a renewal mechanism Copyright © 2014 Market Data Retrieval 57 Goal: Test New Channels TFK wanted to test new channels for driving customer subscriptions Direct Mail Email Web Ads Social Media Integrated Approach for TFK: • Continue to use DM • Test email as acquisition channel • Use targeted online display advertising to boost overall response • Increase Social Awareness Copyright © 2014 Market Data Retrieval 58 Plan at a glance • Integrated plan leveraged online and offline • Each step was reviewed and optimized + 1 week + 5 days + 5 days + 1 week + 30 days Start Copyright © 2014 Market Data Retrieval 59 Lead Process Valuable Content Inform Convert Copyright © 2014 Market Data Retrieval 60 Integrated Success • Double digit growth! • Established social benchmarks. Sharing was “priceless” • Email/DM tag team drove subs Email Direct Mail Web Ads Web Ads Web Ads achieved above average clicks/ conversions Social Copyright © 2014 Market Data Retrieval 61 What’s in your marketing plan? • • Q&A MDR help you with your go-to-market strategy! Contact us at: • • • • [email protected] Derek Fairfield, MDR Product Manager Stephanie Nash, MDR Marketing Manager We’d love to hear from you: 800-333-8802 Copyright © 2014 Market Data Retrieval 62
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