In this engaging discussion, Michelle Warner, a business designer and strategist known for her expertise in marketing strategy and bootcamp teaching, shares insights on her evolving approach to marketing. She delves into the crucial distinction between relationship marketing and traffic marketing, emphasizing the need to align your strategies with your business goals. Listeners will discover how she balances deep connections with the necessity of reaching larger audiences while promoting her new bootcamps. Michelle also highlights her role in the 'Make Marketing Suck Less' summit.
Understanding the sequence of actions in marketing is vital for effectively aligning strategies with your unique business model.
Michelle Warner's shift from relationship marketing to a balanced approach illustrates the need for adapting marketing strategies according to product changes.
Deep dives
Sequence Versus Strategy in Marketing
The podcast emphasizes the importance of centering on sequence over strategy in business decision-making. Rather than focusing solely on implementing specific marketing strategies, understanding the order and steps of actions is crucial for success. This sequence-based approach encourages entrepreneurs to identify their own unique path rather than adhering strictly to prescribed strategies. By recognizing the significance of the sequence, business owners can create a marketing plan that is more effective and tailored to their individual needs.
Understanding Relationship and Traffic Marketing
A clear distinction is made between relationship marketing and traffic marketing within a continuum. Relationship marketing centers on building authentic connections through strategies like referrals and conversations, while traffic marketing focuses on reaching a broader audience through mass marketing techniques. Each marketing strategy can be placed somewhere on this continuum, which helps entrepreneurs align their marketing efforts with their product mix. Understanding this alignment is critical; using the wrong marketing strategies can lead to inefficiencies and frustration.
Adapting Marketing Strategies to Product Mix Changes
The speaker shares a personal shift in their marketing approach due to changes in their product offerings, illustrating the application of sequence over strategy. By transitioning from a one-on-one business model to incorporating boot camps, the need for a more balanced marketing strategy emerged. This transition requires a blend of relationship and traffic marketing to effectively reach potential customers, reflecting the natural alignment of the product with marketing tactics. The episode encourages listeners to evaluate their own marketing choices in light of their product mix to ensure alignment and effectiveness.
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Aligning Marketing Strategies with Business Offerings
Do you struggle to decide your marketing strategy? Do you know if you want to reach as many people as possible or just your target audience? Michelle Warner, a business designer and strategist, discusses a shift in her marketing strategy. Previously focused on one-on-one work and relationship marketing, she’s now transitioning to teaching more bootcamps, which requires a higher volume of leads. This shift means she needs to balance her marketing strategies, incorporating more traffic marketing alongside relationship marketing to align with her new product mix.
Michelle explains the difference between relationship marketing (deep, authentic connections) and traffic marketing (mass outreach) and stresses the importance of aligning marketing strategies with your business model. She also highlights her involvement in Michelle Mazur’s summit, "Make Marketing Suck Less," which aims to help businesses find suitable marketing strategies.