Why is Strategy the first corner we cut when we run out of time?
It is a familiar tale. The holidays take over and from mid-November to January any work that you are able to accomplish is a bonus. Then, for most of us, January brings a quiet spell. Our consumers are recovering from end-of-year expenses and business sales take a subtle dip. February and March come and go and with a blink of an eye you find yourself in April. You are comparing sales to last year and perhaps are not at the benchmark you intended to be. You place an ad in a local newspaper. You call your web developer to make a few updates to your website. You remember that you have a Facebook page and, after a few failed login attempts, reset your password and begin a flurry of posts. May is now at hand and you place a few more ads with a few more local papers and wait patiently for 31 days to see the results from your newly instated marketing efforts. Sales are average but there is no distinct impact from your newspaper ads and Facebook isn’t bringing in any leads. What do you do now?
Many new clients that we meet with around this time of year will recount a similar situation. The frantic feeling of ‘I’ve tried everything!’ only to realize that their sales have not improved from last year, or worse, they are lower. Our job is then to retrace the steps and find out what pieces of their approach are not working. We look into frequency, outlets/platforms, targets, keywords, etc., but I will tell you, nine out of ten times the culprit is the same – the strategy, or perhaps, lack of strategy.
Why is it that when we feel like we have run out of time and money, the first corner we cut is the strategy? I say ‘we’ because I was as guilty at doing this as any other person. We get into this panic mode and start throwing spaghetti on the wall hoping that SOMETHING will stick. We feel like we don’t have a minute to stop, breathe, regroup and develop a strategy. Strategy has come to feel as though it will take months to develop and finetune. Why?
There is a lot of strategy that goes into a business so I will narrow this down specifically to marketing strategy. It is no secret that a strong and effective Marketing Strategy takes time to develop. It also requires access to a business plan and the long-term and short-term goals of the business. Additionally, you get into things like annual budget, how results will be measured, the anticipated ROI, the target audience, the messaging, etc. Marketing strategies are overwhelming. It’s true. But I submit that you will lose more time and money driving blind than developing a strong and targeted map to success.
The tricky part is that life and business do not stop so that you can develop a plan. We must learn to work and strategize simultaneously. Ideally, you would spend your business’s quieter times working on strategies. But if you are reading this anytime after May, chances are you are moving full steam ahead. Don’t skip the strategy!
Create an interim plan. This plan will take you through your busy season and up to your next lull where you will have the opportunity to develop a broader and more in-depth marketing strategy. The interim plan should only take you a few hours – yes, it is important that you make time for this. Answer questions such as;
Once you have created your interim plan, anything new that comes up should be run by this plan to make sure it fits within the goals you have set out to accomplish. This will prevent the spaghetti method from taking shape and save you money in the long run.
Please hear me when I say, the interim plan does not replace your need for a Strategic Marketing Plan. When you have the opportunity, I strongly encourage you to sit down by yourself or reach out to us at Vivid Creative to help you develop a marketing strategy that supports your overall business plan/strategy. This may take some time and may seem cumbersome but I promise you, it is well worth your time and will save you money in the end.
Have questions or comments about strategies and interim plans? We would love to talk with you! Contact us at firstname.lastname@example.org.