Designing a Marketing Strategy: DIY or Hire the Experts?

For many small business owners, developing a well-planned marketing strategy places them firmly ahead of the competition. However, many businesses fail to establish a fully realized strategy, preferring instead to generate a few well-intentioned ideas they hope will magically come together. Unfortunately, hoping to “fake it until you make it” rarely turns out well, especially if your small business has limited marketing resources.

Applying careful consideration and foresight when developing your small business marketing plan can provide a strategic advantage against your less organized competition.  But, even the best initial marketing strategies typically have one thing in common: They’re not very good.

Finishing a first draft never leaves you with a perfected version of what you’re hoping to create. Sherlock Holmes was originally named Sherrinford Hope in the first draft of Arthur Conan Doyle’s beloved detective series, who was then accompanied on his adventures by the good Dr. Ormond Sacker. (Hope and Sacker sounds like a real estate law firm, especially when compared to the iconic Holmes and Watson.)

Point is, the first draft of your marketing strategy will rarely be perfect. Creating a successful strategy requires taking a step back, identifying your most glaring mistakes and patching those areas to create a more comprehensive plan that actually meets your small business marketing needs.

Here’s what to keep in mind.

Work From Facts, Not Assumptions

In most cases, your initial small business marketing plan will be based on assumptions. While some of these assumptions may be based on experience or even some data, the vast majority of them will be based on what you believe correct rather than concrete information on what will actually benefit your business or its target audience. For example, you might think your customers will like a certain type of campaign (witty, educational, informative or downright crazy) because YOU like that type of thing.

Step outside your bubble!  Don’t assume your potential customers will like something just because you do.  If you’re basing the majority of your marketing plan on pure speculation, rather than data or intuition based on years of experience, your foundation for success becomes highly questionable.

Stay Open to Change

Staying too ridged to your initial marketing plan is a major hurdle many small businesses need to overcome when creating a successful strategy. It’s easy to fall into the trap of placing too much faith in the work you’ve already done and not fully consider what alternative strategies might offer a better return on investment.

Successful small business marketing strategies require constant testing, and a willingness to make changes and optimize wherever possible. While there will be times where the first draft of your marketing campaign will prove successful, don’t be complacent. There’s always room for improvement.

Accept Your Limitations

If you have no experience in the creation or implementation of a marketing strategy, you’re going to have little idea of whether your strategy is actually working. If you did, you wouldn’t be working off the first draft of a marketing strategy. You’d have previous experience to draw upon and data to work with. How can you minimize failure? You have two options: Learn by trial and error or hire a team like SK Consulting to handle your marketing strategy. We have the knowledge and know-how needed to help create, plan and execute a marketing strategy that will enable your business to better connect with your target audience and increase sales.

However, if you’re ready for the challenge and the steep learning curve that comes with creating your own small business marketing campaign, we can walk you through the steps.

SK Consulting wants you to have control of your marketing.  We teach our clients how to develop and implement a strategic, effective marketing plan.  If you need help conceptualizing and promoting your brand, contact us today!