4 Questions you should ask while making your Marketing Plan
Imagine a scenario where your organisation is a startup and has just got series A funding from a great bunch of investors. You're over the moon and cannot start to work on the idea to market your product and share it across the country and later on with the world.
You're so over the moon with this achievement that now you're overwhelmed and don't know where to start from. You know that your operations are in order and other team members are setting up a meeting with the vendors who will start creating and assembling the products once you give them the consignment and green signal to start producing in bulk.
But and there is always a but, the major question is 'What about the marketing?'How are you going to create a buzz around your peers that you have something which is very valuable to them in their day to day lives and you should be their first option to knock their doors on.
Once, you have the strategy & the budgets in place, how does one go about allocating resources and building the actual execution plan? How do you decide how much to put in Advertising, Digital, Print, Radio and new age media?
Further, there are even more complicated questions, like do you want to put your money in Advertising or Consumer Engagement? What about Digital?
Well to start with, the steps to follow, in making a Marketing Plan are often quite straightforward. You start answering the following questions one by one:
- What’s my Campaign Objective?
- What will be the roles of Various Media Elements
- Mix of Advertising vs Consumer Engagement
- The Marketing Plan - Connecting the Dots
Let's get on answering these questions to form a structural methodology, one by one
What’s my Campaign Objective?
While there can often be several types of Campaign objectives, the most common ones are:
- To drive Salience
- To drive Consideration
- Or Persuasion
Now, frankly, all these objectives sound very similar but taking one at a time.
A Salience plan is usually a ‘maintenance plan’. You already have a strong brand that stands for something unique and you want to use this opportunity to keep the Brand and its proposition salient in people’s minds.
So the Salience plans are usually the simplest plans, you chase a medium with the highest reach and the most optimal cost & go ahead and blast your creative edits. So if Lux or a Cadbury Dairy Milk or a Coca Cola wishes to remind you, they will possibly build a Salience Plan.
The next kind of objective is where you need to push just a little harder. So you have a Brand with fairly good awareness but it’s either more expensive than competition or has benefits that are not as obvious.
In such cases just sharing your brand's message may not be good enough. That’s when you start looking at additional media elements to shift consumer behaviour. Hence, a Kellogg’s Breakfast Cereal, Gillette Mac 3 Razor Blades or Tropicana Juice might need to invest here.
And finally, the hardest working plans are those that need to drive Persuasion or impact actual purchase. Definitely, the hardest working plans are required here and action standards for the success of your campaigns are more black & white, in terms of Market Share Gain or Business Lift. So a Saffola World Heart Day, HDFC Life Insurance or an Automobiles Company may be making more of these plans.
Role of Media Elements
Next, we understand the various types of media elements at your disposal and the roles that each of them plays in helping your meet your Campaign objectives.
TV / Youtube
These are usually the highest reach and hence often the most impactful mediums. These are hence usually the lead media elements in any media plan. They offer you the highest reach at the lowest cost.
These elements are defined as High Reach but Low Engagement. As in, they are simply used to send out messages and not get receive messages. You view the content from these media devices, passively without actually getting any direct response from the consumer. These are usually great for Salience Plans.
Radio/ Social Media
Now, these make great secondary mediums of choice and are a great follow up medium to the lead medium. These mediums are often defined as Moderate Scale but High Engagement as you can really engage the audience through Polls, Call in Discussions, encouraging Conversations etc.
So if you have a complicated proposition, you can use these mediums to have an engaging discussion. Hence, plans that are driving Consideration usually invest here as well.
Print/ Outdoor/ Banner Ads on News Apps
These mediums are usually quite expensive and often only used when you have exhausted your kitty in the first two buckets.
These mediums have their specific advantages for example Print is great at providing detailed information about your product like in the case of a car or a property purchase. At the same time Outdoor is great at delivering a topical message, say a Range of Diwali Gift offers just before Diwali.
Having elaborately used Digital as a part of the types of elements, as Digital offers a versatile way of delivering the same tasks at mainline media with limited budgets, this is definitely a massive growing space. However, I have always found mainline media choices to be more effective, provided you have the investment scale required to invest in them.
The Mix of Advertising vs Consumer Engagement
The next piece to understanding is to figure out the mix of Advertising vs Consumer Engagement. While both sound very similar since at the end of the day, both are just about a Brand engaging with consumers.
However, the real difference between Advertising & Consumer Engagement is that Advertising is about sending out your Brands Proposition to the consumer. Expressing the Identity of your Brand and giving the consumer a unique reason to prefer your Brand!
And consumer engagement on the other hand is about figuring out what your consumer is passionate about & being able to participate in that conversation in a manner that’s expected from the Brand.
Now, Advertising is arguably more efficient and usually the first port of call. It can also be very efficiently executed by Scale mediums like TV & Youtube. This route is also the most efficient in growing Awareness & Brand Recall, especially for young Brands.
However, the moment your Campaign objective is more complicated or if you need to engineer Brand shift, the role of Engagement grows. Engagement is also a great way of building Brand loyalty and Brand love and hence a Brand that engages regularly have more stickiness in the minds of the consumer.
The Marketing Plan – Connecting the Dots
So now let me demonstrate how you will use the above thinking through a set of examples.
1. If you are a large Brand like Lux and you want to keep your brand Top of Mind, in your consumer's mind, you will regularly invest on TV through an edit which engages the consumer and a creative that is enjoyable to watch.
2. At the same time, if you are a challenger brand that needs to disrupt competition, and challenge existing vies of the consumer, you will possible rely on Radio or Digital to shake existing consumer views like Pepsi did in the US through their Taste Challenge where they challenged consumers on blind tasting Pepsi tastes better.
3. Again in terms of the more complicated services like Insurance, Real Estate or Automobiles, the consumer usually demands a lot of convincing, that’s where mediums like Print become very effective, given the amount of information expected.
4. For those times of the year, where you need to drive a massive amount of business in a very short period of time, topical, low scale mediums like Outdoor become very relevant like in the times of Diwali with a large number of Gifting & Clothing Brands communicating their offers.
5. Finally, you remember Ads only if they are really impactful, but a Consumer Engagement that you ever participated in, leaves a lasting impact and hence that’s where a Saffola World Heart Day, P&G Share the Load, Gillette Women against Lazy stubble comes in and can often leave a lasting and longer-term impact that often spurs Brand love & loyalty.
The Media teams in any organization, play a crucial role in helping the Brand team make and execute exciting Marketing Plans. However, the process is always collaborative & always starts with complete clarity on the Brand & Campaign Objectives.
These initiatives usually end with metrics that are studied for business impact and shifts in consumer behaviour. However, it’s crucial for marketers to build sustainable long term strategies that can be executed consistently for a lasting long term impact.
About the Author
Saurabh Bajaj is the Marketing Head for the Dairy Business at Britannia Industries Limited since September 2019. He is an alumnus of Delhi College of Engineering and completed his PGDM (MBA) from Indian Institute of Management Indore in 2004. He has since, spent over 16 years in the field of Sales & Marketing having worked for a decade with Mondelez from 2005 to 2015, then as the Innovation Head for Premium & Luxury Spirits with Diageo for 2 years, before joining Britannia.
Saurabh joined Britannia in Sep’17 as the Marketing Head for the International Business which has offices in Bangalore, Dubai & Kathmandu where he worked on several exciting Innovations & Activations across the Middle East and South Asia. Now, he is working on an exciting mandate to scale-up Britannia’s Dairy play across India & Bhutan. Recognized as 50 Best Marketing & Communication Professionals by White Page International in 2020 & as a DMA Trailblazer Rising Star CMO in 2001.