Closed-loop marketing has been the exclusive domain of major corporations until very recently. Smaller companies with limited resources can now also reap enormous benefits from it. Closed-loop marketing is the process by which market intelligence learned during a marketing campaign is fed back into the strategy and plan; resulting in more focused targeting, more effective messaging, and improved resonance.
Until the past couple of years, closed-loop marketing could only be achieved through expensive, labor intensive market research. Imagine being able to automatically feed your prospects’ reactions to your marketing content back into your strategy, messaging process and choice of delivery vehicles. It isn’t just doable… it’s within the reach of even the smallest companies. What follows is a brief overview of the Closed-loop Marketing Process. In subsequent CMI posts I’ll dive down into each of the processes and show you step by step how it’s done.
1. Research
At the launch of any marketing campaign, it’s ALWAYS a good idea to make sure you have a realistic understanding of your product, the marketplace, your value proposition and competitive positioning. In this closed-loop process, I’m depicting a research step only at the inception. The process itself will automatically deliver new, deeper market intelligence as you roll it out.
2. Strategy
A clearly defined strategy is essential to the success of your content marketing campaign.
- What are the objectives for the campaign?
- Who are your prospects?
- What industry are they in?
- What roles and titles do they have?
- What business pains are your targets experiencing (related to your solution)?
- How will your product or service solve those problems?
- What are the resulting benefits?
3. Buyer-Centric Processes
You can’t build relevant and useful content unless you know exactly who you’re talking to. Refine your definitions of target prospects from Step 2 into actual personas (representative individuals). Construct a map of the steps that your prospects go through in making a buying decision. Prospects have different informational needs depending on where they are in the buy cycle. Message maps identify the key messages that must be successfully communicated to prospects to move them to the next step in the buy cycle. Click on this hyperlink for more detail on Message Maps.
4. Editorial Calendar
Content marketers are publishers. Publishers develop editorial calendars to give them a road map of where their publication is going – which topics are going to be covered and when. Today we publish in many different formats. Look at your message map and determine how best to deliver your content (via blogs, case studies, emails, magazine articles, podcasts, presentations, videos, web pages, webinars, white papers, etc.).
5. Content
Prioritize using all the information you’ve gathered in the preceding steps, and start building your content piece by piece. You don’t have to create everything from scratch. Odds are you can find existing in house or third party materials that are appropriate and effective. Don’t just appropriate the content, Curate it. That means you acknowledge the source, and then put the content into context by explaining how it relates to your solution. Optimize with SEO key phrases.
6. Promotion and Socialization
Once the content is built, you need to let your target prospects know that it exists. If you have a permission-based email list, or blog subscribers, you can deliver your content directly. Otherwise you need to pull your targets to where your content is located online, or push it to where your targets are congregating in social networks.
7. Feedback
Google Analytics, click thru tracking in emails, social media monitors and other tools enable you to cost effectively see how your targets react to your content.
- Where do they immediately bounce off a page?
- Where do they linger and learn?
- Which pieces do they forward, post, or tweet about?
- Where do they convert and take your desired action?
- What do they have to say in their blog comments?
For more on this, see Scott Frangos’ CMI post “How to Get Results After Creating Compelling Content”.
8. Document
To leverage the valuable information you’ve collected in the previous step, you must gather the information, organize it, and store it where you can search it and sort on it. The more information there is (and tools like Google Analytics can generate tons of it), the more you’ll need automation in the form of an integrated Customer Relationship Management (CRM) system.
9. Analysis
Once you have the market intelligence you’ve gathered in a format that’s easily manageable, it’s time to measure how you did. This is an analysis process that translates the market intelligence into action items to course correct and tweak your campaign.
- Where did you do well?
- Where could you have done better?
- What should you change regarding your target descriptions, personas, message map, vehicles and content?
Today’s buyers are moving targets. Their needs and issues are constantly evolving. The economic environment is always changing. Technologies are continually being developed and upgraded. So it makes sense that our marketing campaigns should also morph in an attempt to keep up.
Closed-loop marketing is ideal for B2B marketers who need to nurture prospects over extended periods of time. By continuously analyzing customer responses and refining your communications process and messages, you can adjust your campaigns to deliver highly targeted, relevant and effective marketing content.
I’m a contributor to the Content Marketing Institute blog. This blog post first appeared there:
http://www.contentmarketinginstitute.com/2011/04/content-marketing-improvement/
Look for my blog posts on the steps of the Closed-Loop Content Marketing Process and on Content Curation at CMI.
the gurus… everybody knows it. Smaller businesses just don’t have the resources available to create relevant and useful content on an ongoing basis. They start out with good intentions. They write a few blog posts, get increased traffic and some comments; but the real business payback doesn’t occur until after months of consistently publishing compelling content. Content that people consume because they want to… because there’s value in it.
content strategy and a blog post (editorial) calendar for a client this week. They didn’t understand the need for this step. I convinced them that what seems like an additional task will actually save significant time and effort over the long run. It is SO MUCH easier to come up with useful and relevant content each week when you’ve taken the time to map it out up front.
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