Targeted Marketing vs Mass Marketing

Mass Marketing vs Targeted Marketing – What’s the Difference?

The simple explanation to define the difference between targeted and mass marketing is that mass marketing tries to reach as many people as possible, while targeted marketing attempts to reach a specifically defined and profiled audience. Both of these methods can be an effective route to market and can drive leads and sales for a business.

Mass marketing can be more expensive, the message must be stated in the most basic form to have the broadest appeal possible and can the result can become diluted. In the digital age, people expect to be spoken to on a personal level and a blanket mass marketing campaign could prove a costly exercise if not executed properly.

One example of mass marketing could be a direct mail door drop to a local area for a new restaurant opening in the area. They would blanket an entire catchment area and some of those residents would be potential clients for them, simply down to the postcode. Aside from the address, it’s not targeted but it could generate some results for the restaurant.

So how about targeted marketing?

Targeted marketing allows you greater flexibility, and the ability to speak to directly to your target market. This would usually be approached by learning more about your target market, their needs, wants and fears and then tailoring your marketing to speak to them directly.

Targeted marketing can potentially help you save time and money on your marketing and lead generation expenses. Instead of the expense of a high volume, scattered effect that mass marketing can often generate, targeted marketing allows you to clearly define your unique value to your target audience a more personal and effective way. Your strategy and planning must be comprehensive, great design, a clear message & great copy is essential. This means that more time may be required to create and develop very specific targeted campaigns to produce the results you require. If time is an important consideration in encouraging sales, targeted marketing planning may be prohibitive to getting your message out to your audience quickly enough.

Either method can be effective, taking into consideration the comments above, but defining the target market, getting the message right and being consistent will usually produce more consistent results.

Particularly in the digital space, we’d always recommend profiling your audience as much as possible to ensure that the digital marketing strategy, message and website design with your business and your client’s needs. Mass marketing is always an option, but it’s a lot riskier in getting the result right first time.

Coronavirus – Marketing Actions You Can Take Right Now

As the situation with Coronavirus keeps progressing with every passing day, it’s important you keep a level head. The virus is going to cause a shock to the economy, but businesses should be increasing their marketing activity at this time.

Not all marketing activity needs to be expensive but you should consider using your budget as wisely possible to maximise your returns. Face to face selling is pretty much going to have to stop, so you need to look at ways to ensure that you’re still making sales and trading at this tough time.

Here is a list of things you should be doing in the short and medium-term.

Short Term

 

Content planning – the first thing you do!

Before you start firing off emails and social posts, plan what you are doing. Do not just start with a scatter-gun approach to your communication. It needs to be coherent and support the business needs at this time. Think about your content plans and tailor it to the current climate. Your client’s needs will be different now than they were in January. Work out what you need in terms of sales and revenue, plan that into your calendar and make sure that this happens above all else. If you have fewer meetings to attend, great – use this to ensure that your marketing is done without fail.

Email Marketing

Good email marketing isn’t free, but you should be increasing the frequency of your emails to your clients. Keep them informed on your business plans in the short term and work in your offers from your content plan into your emails. Keep positioning your business as the experts – if the virus is having an effect on your wider industry, let your clients know. They will be thankful for it.

Direct Mail

At the time of writing this (18th March), it looks like the UK will be heading into a lockdown situation and most businesses will be forced to ask their staff to work from home. If you work in a Business to Business (B2B) environment – do not plan a direct mail campaign, your clients will not be in the office and won’t see it! Now, if you work in Business to Consumer (B2C) company – your clients are almost certainly going to be at home, and some might have more time on their hands to actually read what comes through their mailbox, rather than just scrape it off the doormat on their way in to make dinner for their kids. If you can tailor your offers as B2C business to resonate with consumers who are working from home, or looking to save money due to uncertainty then this could be a great opportunity for your business.

Social Media

Face a lack of face to face contact for yourselves and your team, social media communication needs to be increased over the next few months. Use social to communicate what’s happening in your business if there are due to be delays for your customers, but more importantly – use it to market your business. Follow your content calendar and plan communication that ties in with your offers you are sending via email, set the positive agenda for your clients about how you can help them and their needs at this time. If you’re in B2C and find that your customers cannot come to your restaurant or shop – tell them you’re still here for them and will deliver and do it via social media and email.

Not all marketing activity needs to be expensive but you should consider using your budget as wisely possible to maximise your returns.

Medium Term

Search Engine Optimisation (SEO) 

If your website is good in terms of usability for your audience then SEO is certainly something to consider now to exploit a medium-term gain when things improve in the economy. If your competitors are cutting back on their SEO budget, now is the time to steal their position in the rankings by spending money on SEO and pushing your own site up the ranking positions. It’s not an overnight fix – this is a minimum of a 3 to 6-month investment to gain when things get good. Don’t look to SEO to gain unless you are planning to stick with it for that time frame, you’ll be wasting your money on something that you could spend better on something else.

Website

If your website is looking tired, and you have been thinking of updating it, consider doing it now. Your competition will be cutting back on spending in all areas and if you can use this 3 month period to spend time on your business to develop your online presence via a new website, it would mean you are in a fantastic position to capitalise when things become good again. Launching with a new site will send a fantastic message that you a strong business to potential clients and it will help to drive leads and sales for you.

Events

We all know this isn’t going to last forever, and once the mist starts to clear and we know when public gatherings will be allowed to happen, events will be an opportunity to get new clients and grow your business. Keep an eye out for events that are on in your industry or other general business events and plan to book them. Event planners will be looking for customers, so there will be some deals to be had.

If You Need Us, We Can Help

We’re here to support our clients and other businesses. If you are planning marketing activity over the next few months, we’d love to hear from you. Let’s plan out your options and work with you to grow your business during this period and into the future.

Contact us or call us on 01455 557766

Why The Coronavirus Outbreak Means You Should Not Stop Marketing

With the recent outbreak of the Coronavirus that has swept into Europe, there is no doubt that there will be some disruption to businesses. We don’t fully know exactly how this is going to pan out, but as people in the business community, we should be prepared. There will be costs to look at, but marketing activity should be one that stays constant, or if your business can allow – increase spending. This is likely to be a short-lived problem and you should be planning for the short term, but also when things return to normal.
Here are some of the reasons why:

1. You must communicate with your clients about your plans to deal with any disruption

Even if you are in the business of selling hand sanitiser and toilet roll, then this will have some impact on your supply chain or in the event of a lockdown situation, you might not have all of your team available. Once you have planned how you will manage the situation, you should clearly communicate this to your clients to put their mind at ease that you will still be able to service their needs, or what the disruption may mean for them in the short term.

Make sure you keep to the facts, don’t waffle and be clear with your clients what this means for them.

2. What you are selling may need to change. You’ll need to let your customers know.

Without effective communication – via whatever channel, email, direct mail, social media or phone you must communicate with your clients about what your business is selling at that moment in time. Some of your best product lines may be out of stock due to supply issues. No problem, let your clients know what you have instead – and ramp up the communication to your audience. Keeping sales momentum going at this time is key to making sure that your business remains strong and comes out of the other side.

3. What you are selling or how you sell may need to change in the short/medium term

If the outbreak reaches the point where your customers are not able to come to your premises to buy from you, you’ll need to adapt quickly to make sure that you are able to get to them or you are able to deliver. Don’t assume that your client knows. If you haven’t told them you’ll need to let them know – send an email, promote it on social media. If your budget allows, send a direct mail as well – it’s likely that the mail from other businesses will be reduced in the coming weeks, so your offer is likely to stand out from the crowd in a less busy letterbox.

Some of your weaker competitors will be cutting back across their businesses, including marketing.

4. Some of your competitors will be cutting spending and marketing activity

One of the key reasons to keep your activity going or ramp it up is that some of your weaker competitors will be cutting back across their businesses, including marketing. If they are doing that, it’s likely that they will not make it out of the other side – this leaves a great opportunity for you to pick up customers from these businesses as they fall away. By keeping your marketing going, you show that you will be around for the long haul.

5. You will need to create special offers

In times of crisis, businesses and consumers are likely to want to reduce their spend. It is imperative to make sure that they keep spending what budget they have with you. Make special offers for existing clients only – make sure that they feel special and wanted by you. Once you have crafted your offers, produce regular communications and get them out there, and follow them up with your sales team, if you have one.

6. Face to face selling might not be possible for a while

If your business relies on face to face selling and movement of people is restricted, then this might not be possible for a while. If that’s the case, you’ll need to think fast about how you want your customers to buy or how you are going to make sure that they are able to buy from you. In the UK – networking events are already being cancelled, if this is a source of leads for your business, how are you going to replace that?

Don’t know where to start? We are here to help.

Hopefully, these points will help you think about how you are able to keep marketing at this time. Take some time to plan out what you need to say immediately to your customers, and work out your plan for the coming months. If you need help, we’d love to assist you with your email, print or online marketing. Contact us here