10 Vital Things to Include in your Manufacturing Marketing Plan
Learn the Top Ten Things to Include in your Manufacturing Marketing Plan.
A manufacturing marketing plan is an important document for any industrial business, allowing it to set clear goals and projections for its sales and growth. Therefore, when creating the plan, it’s necessary to include three distinct areas of information.
First, companies must decide what product or service offerings they have and their target market. This should include long-term and short-term goals so the plan can adjust as the business’s customer base evolves.
Secondly, a good strategy should be included in any marketing plan – this should include a description of how the company intends to reach out to its potential customers and how it will motivate them to purchase.
Finally, resources should be allocated properly to facilitate the effective implementation of the plan– this includes budgeting for marketing materials, developing campaigns, and training staff on customer service procedures.
By including all these elements in the manufacturing marketing plan, businesses can ensure that they create a blueprint that will provide them with success models and lay the foundations for growth. By emphasizing these components, companies can maximize their potential by implementing successful strategies to achieve meaningful results.
With comprehensive planning, businesses can move confidently into the future with clarity and focus. Therefore, taking time to create an effective Manufacturing Marketing Plan is always a key step for any business that wants to succeed in today’s competitive market environment.
A couple of weeks ago, we put the first five steps of our manufacturing marketing plan into place.
We took into overall account strategy and then started to dive into the tactical underlying processes for each section. To recap, we discussed the importance of the following:
- Situational Review
- Current Marketing Report
- S.M.A.R.T Goals
- Buyer Personas & Target Audience
- Software Stack Selection
Snapshot
The first half of your manufacturing marketing plan must be airtight before moving on to the next step. Within the succeeding section, we will begin to review the significance of:
- Inbound Marketing Activities
- Outbound Marketing Activities
- Sales & Marketing Process Identification
- Marketing Budget
- Measure Return on Investment
6. Inbound Marketing Activities
Marketing has been relatively straightforward in its history. Inbound is simple industry jargon for a core activity base that results in a positive and constructive buyer’s journey. The buyer’s journey is the act of turning strangers into paying customers and even self-promoters.
Hubspot has done a great job breaking this process into four phases; Attract, Convert, Close, and Delight.
Inbound beds marketers operate around the same actions we take to build relationships. People will not inherently like or trust you, so giving them a reason is important. So, what are these activities that build a company’s authority and trustworthiness? Each of these could use their article to explain, but here is a quick run-through:
Attract Phase
- Blogging
- Social Networking
- Website Development
- Search Engine Optimization
These outlines have one thing in common: driving SPECIFIC traffic to your product or services. As a manufacturer, why would you want somebody on your site looking to purchase a pizza? The short answer is you clearly wouldn’t. The right people are the designated buyer personas we created previously.
Convert Phase
- Landing Pages
- Forms
- Call-to-Actions
Getting the right eyes on your website is great, but if these visitors aren’t submitting contact information, you miss out on the most valuable marketing currency. You must provide beneficial information or goods to which your target market will relate.
Not gaining a viewer’s information is the equivalent of watching a potential customer walk out of your brick-and-mortar storefront without a purchase.
Close Phase
- Marketing Automation Technology
- Inbound Email Workflows
- Sales & Marketing Alignment
You have the right target market and convert visitors into viable leads. Still, nobody is satisfied until you have paying customers coming in. Persuading leads to switching to purchasing your products is part creativity, part data analysis. There are an endless amount of marketing automation tools to support this process. These systems can be utilized for anything from lead nurturing, email marketing, contact tracking, content creation, and anything else you can imagine.
Delight
- Social Monitoring
- Surveys
- Smart Dynamic Content
If you forget about clients once they’ve handed over their payments, you’ll miss out on a great opportunity to upsell or cross-sell. Engaging with customers after the fact builds an invested fan base. Some of the best companies on Twitter are regularly connecting with their followers.
7. Outbound Marketing Activities
There are common debates on the differences between inbound and outbound marketing techniques.
Primarily, inbound is nurturing leads that have come to you organically, and outbound is generating new leads by actively getting out of your direct sphere of influence. Therefore, a comprehensive manufacturing marketing plan will consist of a combination of these actions.
There is some overlap here and there, but the most typical outbound marketing activities are:
- PPC Advertising
- Email & Direct Mailing
- Guest Appearances
- Print, TV, & Radio Advertising
- Events & Tradeshows
- Press Releases
- Social Media (a cross between inbound and outbound)
Inbound marketing builds a foundation to launch marketing campaigns, while outbound marketing is a leaf in the stream, only there as long as you continue to pay for it. Nonetheless, it helps to communicate messages to a wider audience. Any healthy marketing plan will have a mixture of both inbound and outbound.
8. Sales and Marketing Process Identification
Numerous variables to balance our day-to-day motions often get overlooked or forgotten altogether.
That is why creating a sales and marketing process is on our list. It’s time to figure out what measurable, scalable, and actionable activities will lead a business to the best process for its pursuits. The process you build should have a clear and unifying purpose for all future sales and marketing efforts.
Begin thinking of your marketing as a constant flow of connected actions. Marketing will not be beneficial in sporadic, one-off projects. If continuity is the goal, marketers need to outline each project’s steps to complete all future efforts.
Layout your marketing projects in a process roadmap format. This valuable tool creates repeatability, team alignment, and visibility to find improvements. Think about where each plan starts, who is responsible, what steps are involved, and the checks & balances in between.
Be detailed and thorough so that the next person to view your process can work through it without outside instruction. Here is an example of what Matrix Marketing Group goes through:
How-To: Setting up the client’s new Facebook Page
Account Manager (5 mins)
Find a name that is free on every social platform
Use Name Checker
Account Manager (10 mins)
Create a Business page & add administrators
Account Manager (30 mins)
Complete the ‘About’ Section with detailed business information
Website URL should be the first thing listed
List other social channels predominantly used
Fully complete all Fields (founded date, site(s), products, services, company mission, overview, and description)
Account Manager (30 mins)
Create Cover Photo & Profile Photo
Correct Image Sizes To Use Here
Account Manager (15 mins)
Add Industry Appropriate CTA
Account Manager (10 mins)
Add company milestones & KPIs discussed with the client.
Account Manager (15 mins)
Find pages to like that match ICP and Buyer Personas
Account Manager (15 mins)
Add to/Create Social Media management account – confirm with the client beforehand.
Hootsuite
Buffer
Account Manager (10 mins)
Publish the first status update/wall post
Are these steps perfect? Probably not, but they provide a solid base for the account managers to start their Facebook Page creation process. They are meant to be adaptable to the situation but still easily understood.
9. Marketing Budget
The average small to mid-size company spends, on average, 10 – 15% of yearly revenue on its marketing. Of course, with mega-corporations like Coca-Cola, that comes out to a cool $2 billion budget. It’s hard to compete against that kind of cold hard cash, so we marketers with a tighter budget have to be extremely conscientious of what leads our efforts are generating and where the focus should be shifted.
Either way, all organizations go through the same budget allocation process, regardless of size or industry. If you rewind to the third step in our manufacturing marketing plan, you’ll remember the S.M.A.R.T Goals we discussed. Are you focusing on lead generation, product awareness, content creation, or another combination? These goals that you set up should have a strong influence on where your marketing budget is spent. Think about the different inbound and outbound marketing activities best suit your objectives and map that to an allocated master budget.
Here is an excellent example of estimated items by month and the actual comparative spend. This master budget is meant for a broad picture view, a 3,000-foot screenshot. You can always blow out each category under new tabs to get more definitive granularity.
10. Measure Return on Investment
If you don’t measure your marketing’s ROI, you have a serious problem. In all honesty, you are thrusting money into a mysterious pit with no real solutions or advancements coming from your troubles. It almost seems counter-intuitive; marketing budgets are tighter than ever, yet a large chunk of B2B markets doesn’t measure their results!
The process doesn’t have to be difficult, either. Begin by selecting an analytics tool; the most widely used is Google Analytics. I highly suggest you take the training course and become certified if this is the tool you choose; it is an incredibly in-depth solution. Add a tracking code to the company’s website, and you’re ready to start tracking results.
Then define the KPIs that matter to your campaign progression. At Matrix Marketing, we track over 80+ metrics for our operations, which are always evolving. There’s no need to track all these metrics at once. Just pick the most relevant ones for your business.
The best part of the entire manufacturing marketing plan we have laid out is that once you have collected the ROI data, you can use it to go back to the start, find the weak points and readjust accordingly.
Today’s marketing is all about trial and error, with data points to back everything up. Go to the beginning, fix the items that didn’t work, and walk through the steps again.
What would you add to your manufacturing marketing plan to make it stand out from the crowd? Drop us a line below in the comment section for additional tips and tricks!
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