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Digital marketing #DM
5
and strategy in a digital plan
objectives
SOSTAC® planning
model…
1
2
3
4
5
6
situation
objectives
strategy
tactics
action
control
corporate
marketing
digital
resources scheduling
Smith, 1990
5S’s
marketing mix
TOWS Analysis
Strengths Weaknesses
Opportunities
“Maxi-Maxi” Strategies
Strengths used to
maximise opportunities
“Mini-Maxi” Strategies
Minimise weaknesses by
taking advantage of
opportunities
Threats
“Maxi-Mini” Strategies
Strengths used to minimise
threats
“Mini - Mini” Strategies
Minimise weaknesses and
avoid threats
Weihrich, 1982
How to complete a TOWS…
How can we make the most of strengths and get around our weaknesses?
How can we capitalise on opportunities and minimise threats?
These are then considered in relation to each other…
…the surrounding boxes are populated with key findings
from the audit – and numbered
It is a simple tool used to generate strategic options or alternatives
The original model … developed by Heinz Weihrich, 1992
The TOWS matrix in action...
don’t over-complicate – it shouldn’t be a complicated process
It is there to help generate options and alternatives – it isn’t perfect
Make sure you show your thinking and make it work for you
Using the TOWS...
digital objectives...
avoid solely focusing on sales
help to determine/clarify position
help highlight the balance of tactics needed
provide a time frame
provide a means of evaluation and measurement
link back to marketing and corporate objectives
types of objectives…
Unique visitors, traffic, bounce rate, revenue, search percentage
leads, conversions from leads, page views, time, value per visit
sales, sales from leads, sales value, sales volume, average order value
active customers, brand mentions, sentiment, shares, virality
the 5S’s...
sell… grow your sales
speak… dialogue, participation and engagement
serve… add value
save… costs
sizzle… take your brand online
Smith, 2000
strategy… Segmentation
…can use ‘classic’ bases and variables for B2C and B2B
…often developed further as persona’s
online behaviour and digital media consumption is vital
…web/online/customer persona’s
targeting...
threekey approaches…
undifferentiated
differentiated
concentrated
positioning…
products can be positioned in the market by focusing on specific
factors such as…
features, benefits or advantages
solutions presented
specific usage (occasions)
positioned against other products
class disassociation
strategy… OVP
closely tied to the brand position
the reasons why the customer will click, register, buy and share
the intrinsic benefits from the site, content, service and functionality
…a further objective-linked strategic consideration
acquisition
conversion
retention
…how do we gain new customers?
…OVP and integration with other channels
…build relationships, develop advocates and engage
RACE model
Reach… building awareness offsite
Act… engaging audiences with site content and other web presence
Convert… achieve marketing goals… call to action
Engage… build relationships to retain customers
Chaffey and Bosomworth, 2012
Ansoff’s Growth Matrix
Market Penetration Product Development
Market Development Diversification
Existing
Existing
New
New
Porter’s Generic Strategies
Differentiation Overall Cost
Leadership
Focus
Uniqueness perceived
by customer Low cost position
Industry-wide
Segment only
…developing intelligent strategic objectives
Objective Substantiation Strategies to
achieve goals
KPI’s
Link to stage of
consumer journey
and SMART
Link to audit
findings and TOWS
options
Link to STP, OVP,
growth and
positioning
What will you be
measuring?
Conversion –
increase average
order value to £30
per customer
Increase in
disposable income
Increased desire for
product
Position as luxury
against key
competitors
Differentiation
through features
OVP – exclusivity
% of unique visitors
responding to
promotions
References and reading
Armstrong, G & Kotler, P. (2008) Marketing- An Introduction. 9th ed Pearson
Education: London
Dibb, S., Simkin, L., Pride, W.M. & Ferrell, O.C. (2012) Marketing: Concepts
and Strategies. 5th European ed. Houghton Mifflin: Abingdon
Ryan, D. and Jones, C. (2009) Understanding Digital Marketing: Marketing
Strategies for Engaging the Digital Generation London: Kogan Page
Wilson, M.S., Gilligan, C., (2005), Strategic Marketing Management,
CIM/Elsevier
http://www.smartinsights.com/digital-marketing-strategy/sostac-model/
http://www.smartinsights.com/digital-marketing-strategy/race-a-
practical-framework-to-improve-your-digital-marketing/
http://www.enterprisebucks.co.uk/wp-
content/uploads/2014/09/digital-marketing-plan-template-smart-
insights1.pdf

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Digital marketing plan using SOSTAC and TOWS

  • 1. Digital marketing #DM 5 and strategy in a digital plan objectives
  • 3. TOWS Analysis Strengths Weaknesses Opportunities “Maxi-Maxi” Strategies Strengths used to maximise opportunities “Mini-Maxi” Strategies Minimise weaknesses by taking advantage of opportunities Threats “Maxi-Mini” Strategies Strengths used to minimise threats “Mini - Mini” Strategies Minimise weaknesses and avoid threats Weihrich, 1982
  • 4. How to complete a TOWS… How can we make the most of strengths and get around our weaknesses? How can we capitalise on opportunities and minimise threats? These are then considered in relation to each other… …the surrounding boxes are populated with key findings from the audit – and numbered It is a simple tool used to generate strategic options or alternatives
  • 5. The original model … developed by Heinz Weihrich, 1992
  • 6. The TOWS matrix in action...
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  • 8. don’t over-complicate – it shouldn’t be a complicated process It is there to help generate options and alternatives – it isn’t perfect Make sure you show your thinking and make it work for you Using the TOWS...
  • 9. digital objectives... avoid solely focusing on sales help to determine/clarify position help highlight the balance of tactics needed provide a time frame provide a means of evaluation and measurement link back to marketing and corporate objectives
  • 10. types of objectives… Unique visitors, traffic, bounce rate, revenue, search percentage leads, conversions from leads, page views, time, value per visit sales, sales from leads, sales value, sales volume, average order value active customers, brand mentions, sentiment, shares, virality
  • 11. the 5S’s... sell… grow your sales speak… dialogue, participation and engagement serve… add value save… costs sizzle… take your brand online Smith, 2000
  • 12. strategy… Segmentation …can use ‘classic’ bases and variables for B2C and B2B …often developed further as persona’s online behaviour and digital media consumption is vital
  • 15. positioning… products can be positioned in the market by focusing on specific factors such as… features, benefits or advantages solutions presented specific usage (occasions) positioned against other products class disassociation
  • 16. strategy… OVP closely tied to the brand position the reasons why the customer will click, register, buy and share the intrinsic benefits from the site, content, service and functionality
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  • 21. …a further objective-linked strategic consideration acquisition conversion retention …how do we gain new customers? …OVP and integration with other channels …build relationships, develop advocates and engage
  • 22. RACE model Reach… building awareness offsite Act… engaging audiences with site content and other web presence Convert… achieve marketing goals… call to action Engage… build relationships to retain customers Chaffey and Bosomworth, 2012
  • 23. Ansoff’s Growth Matrix Market Penetration Product Development Market Development Diversification Existing Existing New New
  • 24. Porter’s Generic Strategies Differentiation Overall Cost Leadership Focus Uniqueness perceived by customer Low cost position Industry-wide Segment only
  • 25. …developing intelligent strategic objectives Objective Substantiation Strategies to achieve goals KPI’s Link to stage of consumer journey and SMART Link to audit findings and TOWS options Link to STP, OVP, growth and positioning What will you be measuring? Conversion – increase average order value to £30 per customer Increase in disposable income Increased desire for product Position as luxury against key competitors Differentiation through features OVP – exclusivity % of unique visitors responding to promotions
  • 26. References and reading Armstrong, G & Kotler, P. (2008) Marketing- An Introduction. 9th ed Pearson Education: London Dibb, S., Simkin, L., Pride, W.M. & Ferrell, O.C. (2012) Marketing: Concepts and Strategies. 5th European ed. Houghton Mifflin: Abingdon Ryan, D. and Jones, C. (2009) Understanding Digital Marketing: Marketing Strategies for Engaging the Digital Generation London: Kogan Page Wilson, M.S., Gilligan, C., (2005), Strategic Marketing Management, CIM/Elsevier http://www.smartinsights.com/digital-marketing-strategy/sostac-model/ http://www.smartinsights.com/digital-marketing-strategy/race-a- practical-framework-to-improve-your-digital-marketing/ http://www.enterprisebucks.co.uk/wp- content/uploads/2014/09/digital-marketing-plan-template-smart- insights1.pdf