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marketing planning

image about making 2022 a great year

Are you ready for 2022?

By Marketing Performance, Marketing Plan, Uncategorized

image about making 2022 a great yearWith the new calendar year just a few weeks away, you really should be thinking. Thinking about what you are going to do to make 2022 a really successful one for your small business. Maybe 2021 has been a quiet one due to the pandemic. Maybe you were able to pivot your business to make this year one of your best ever. Whatever happened, 2022 is a new year and you cannot simply assume that you will get the same results by doing the same things. Here are the four steps you need to take to make 2022 a great year…

What worked in 2021?

Have you reviewed and measured your marketing performance for the last year? If not, it is time to start. By measuring your marketing performance, you can quickly make decisions about:

  • what to continue – because it is working.
  • what to review – because you believe it can work better
  • what to stop – as it is simply not working.

If you have had a really successful year, imagine what next year could be like if you cut out what marketing hasn’t worked and did more of what has been working!  Click here to our download ROI calculator.

If you haven’t let’s identify what channels haven’t worked so they can be reviewed or stopped. The time and money saved can be re-focused.

How many new clients did you acquire?

Not gross, but net new clients. Deduct the number you lost from the number you won.  Compare this to 2020. Is your net new client number higher or lower? Is it higher because you won more or lost fewer? The other way around if it is lower.

Which marketing channels did the new clients come through? How much did each new client cost? What is your lead conversion rate? What is the value of a new client (average)?

By answering these questions, you start to develop a picture of how much marketing you need to do in 2022 to hit your business goals.

Example:

  • Your business goal for 2022: increase turnover by £250K
  • A typical client spends £10,000 per year with you.
  • Last year you added 15 new clients, but lost 3
  • Your marketing spend was £30K

If the ratios stay the same, you will need a marketing budget this year of £60K – assuming the ratio of clients lost to clients gained stays the same, as does cost per client acquired.

Focus

What does your Ideal Client look like? If you look back at the clients you acquired in the last year, how many of them match the description of your Ideal Client?  If you are acquiring clients that don’t match this description, do you need to review that description or add another?

How many of the clients you lost last year matched that description? If they were a long way from being Ideal Clients, it may be that you simply weren’t able to properly meet their needs. There are times when you need to consider walking away from a sales opportunity if you cannot properly meet their needs.

Reviewing your Ideal client description, as needed, will help to re-focus your marketing messages so that they work more effectively. The marketing messages will be different for each Ideal Client you have as they have different needs and may use your products/services in different ways. Just in case you’re interested, this is one of our Ideal Client descriptions.

Planning your marketing

If you have followed the recommendations above, you will know what marketing worked for you in the last year. If they worked last year, it is likely they will work in 2022, so it is now simply a case of scheduling the activity into your marketing plan. Then decide whether to do the same amount, or more, of this marketing.

Now, what else will you be doing this year? If your growth targets are higher for 2022 than for 2021, you need to be doing more marketing in the coming year. You know what hasn’t worked, so what other marketing is likely to work?  If want to discuss this, give us a call on 020 8634 5911.

Do you have the time?

If you managed, or even did, your marketing last year, will you have the time to do it again in 2022?  If you are planning to do the same amount of marketing as you did last year, you probably have. If you are planning to do more, you may need some help. Of course, once the sales start coming in, more of your time will be focused on delivering what your clients want. Unless you have no need for a work/life balance (??), no worries. But if you do want some time away from your business (it is recommended), you need someone who can manage or do your marketing for you. Our Virtual Marketing Director service is ideal for owners of small businesses who don’t have time, but aren’t yet in a position to employ their own marketing team. Does that sound like you?

Why do all this?

Too many owners of small businesses spend too little time working ON the business, rather than IN the business. This leads to “stuff happening” rather than planned activity. As the old saying goes : fail to plan – plan to fail.  By investing a few hours in planning for 2022, you will see a significant uplift in performance and more growth.

If you would like to discuss your marketing budgets and plans, give us a call and let’s talk.

Tel: 020 8634 5911

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Marketing Planning – a case study

By A Helping Hand, Marketing Performance

This month’s blogs have all been around planning your marketing.  Obviously I’m going to say marketing planning is essential, but let me give you an example of what can happen when you do.

Case Study Ninja started in 2016 and I met Sarah, the founder, at a Croydon Tech City event.  For those of you who know Croydon (not the Kate Moss and Tiger Tiger version), you know if has a rapidly growing tech scene and is one of the fastest growing economies in the country. Croydon Tech City hold regular events aimed at new tech entrepreneurs, to help them launch and grow their business ideas.

As you must when networking, Sarah and I followed up our brief chat and business card swap with a further conversation.  I found out that she’d already been talking to other marketing agencies, but I still had an opportunity to pitch. Thankfully I won the work and we set about planning how to take Case Study Ninja to the world.

Who

We brainstormed who to target, why that person and the pains, needs and issues they had.  We matched how Case Study Ninja helps them to their needs and finally looked at the what would stop them buying.

How

The second session looked at what channels and how we would take Case Study Ninja to market. Of course, we considered what social media channels to use, but also what other online, and offline, channels would be used.

The Result

Case study Ninja now has over 70 clients and is thriving.  More detail can be seen in our case study here, but I recommend you also check out their website. If you use case studies as key evidence to help you win new clients, you should seriously consider using them.

Planning your marketing isn’t something you can leave to your marketing consultant. You must be directly involved, for a number of reasons:

  1. You know your business better than your marketing consultant will. Your input is vital.
  2. How will your consultant know what skills you have within the business, and what needs to be found?
  3. Have you been truthful about the budget you have available and what could impact that budget? If not, how can your marketing consultant know what is going to happen?
  4. Finally, you get more from your marketing being a success than anyone. It’s in your interests to be involved.

I hope this helps