The 4-step marketing strategy – How to stand out from your competition in the minds of your ideal customer  

With the current obsession around marketing tactics, it has become increasingly harder to figure out the best marketing strategy for your business.

From hacks and quick fixes to the next big idea and new trending platforms. It is harder than ever to decide the right direction for your marketing. 

In order to help alleviate some of the marketing confusion, I’ve created a definitive outline for you in this post, 4 concrete steps to the perfect marketing strategy. You can use this article to help you create a clear marketing message, direction, and plan.

The 4 steps needed to create a perfect marketing strategy in 2022;

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Customer Focus

First, you need to narrow your focus to somewhere around the top 20% of your clients. This doesn’t necessarily mean that you chuck the other 80%, but experience tells me that if you are working with customers and clients today, some percentage of them are not profitable for your business. 

The majority of your customers are actually detractors from your business because they didn’t have the right problem or they didn’t have the right business situation for your product to solve. 

Think about your client base today and rank them into groups by profitability with your most profitable customers at the top. You want to think in terms of profitability because profitability is linked to an ideal client fit.

Typically a client is a profitable client because they received value, they had a great experience, their problem was solved, and they referred your product to others. If you understand who your profitable clients are you can start to do two things;

First, you can generate more business from that top 20% of customers because that top 20% want to do more business with you. It is far easier and less costly to continue to do business with people who already trust you vs trying to gain a new person’s trust. If you focus your efforts on creating an amazing experience for those clients who already trust, get value, and are referring you to others. You could actually build our business around serving and attracting them and no one else. 

Second, if you know who they are and what brought them to you, you can begin to build the ideal customer persona for your business based on historical data and profitability. Then you can design your marketing around that customer persona and attract more of the ideal customer, more of the top 20%.

When building your customer persona you want to organize your customer base into three customer groups; must-have, nice-to-have, and ideal.

For example, a remodeling contractor must-have customers who own a home that they want to remodel. Imagine that same remodeling contractor works with his wife who is an interior designer. Now customers who are looking to remodel and redesign their home go in their nice-to-have bucket. Next, that husband and wife decide they want to focus the business on high-quality materials and modern home design. Now their ideal customer owns a home they want to remodel and redesign with a modern theme and is in the top 10% income bracket.

Ask yourself, what are those ideal customers for you? Who are your must-haves, nice-to-have, and ideal customers? My ideal customer workbook contains the same tools and worksheets Duct Tape Marketing uses to create our ideal customers. 

Solve the problem

Now that you know who your ideal customer is, the next step in creating the perfect marketing strategy is to figure out what problem you are actually solving for your customers. 

The truth is, nobody wants what you sell. They just want their problem solved. So instead of just selling a product, communicate to them that you understand and that you get their problem. Help them see that your product or service is the solution to their problem. That is when they will start to listen to you and begin to trust you. 

So how do you do this?  

– You create a core message that promises to solve that problem. 

For example, public universities have a problem. In many cases, their funding is dictated by their graduation rates. How many students graduate is directly correlated to the funding that universities receive and therefore what they must charge for tuition. They are constantly looking for ways to curb tuition rates. So we have a client that provides scheduling software for universities. We went and talked to the universities that used this company’s software. They confirmed that the software worked well, but what they really loved was the great data and analytics the software provided. It allowed for more efficient scheduling and ultimately made tuition more affordable. We discovered that this software company makes great software, but they also make tuition more affordable. Tuition cost was the differentiator, the problem that they were solving.

Now, you are probably asking yourself, how do I do this for my company? How do I know the problem I am solving? What you need to do is get on the phone or in-person and talk to your ideal clients and ask them; how did you find us in the first place, what made you hire us, why did you stick with us? 

Those are some questions you can start with, but be sure to go deeper in your line of questioning. Have your customers go into detail with their answers. Don’t just ask, “Were you happy with my service?” Instead ask, “Can you tell me a specific time when we provided good service and what we did to make it such a positive experience?”

After enough of these informational interviews, you are going to start hearing themes that are addressing the real problems that you solve. 

Another great resource is Google reviews. But instead of just paying attention to five-star reviews, read the actual reviews line by line. When people voluntarily turn to a third party like Google and leave a glowing review it is an indicator that they have been thoroughly impressed. You have exceeded their expectations. You have solved their problem. 

What is the real problem that you are solving? That is what you need to uncover. And once you know it needs to be what you lead with for all of your messaging, it is your core message.

Create an end-to-end customer journey

A lot of people talk about the customer journey like it’s a funnel. As if we create demand through this funnel. We shove them through this funnel process, they pop them out the other side, and voila that’s the end of the journey. Well, that is not at all true, at least not anymore.

In just the last five years, marketing has undergone many changes. The thing that has changed the most about marketing is how people choose to become customers. That marketing funnel and that linear path no longer exist. The customer journey today is holistic and nonlinear. You no longer see an advertisement for a product, visit the store, and purchase that product. The steps between awareness and purchase are diverse and varied and oftentimes intertwined. People make decisions about the products and the services that they buy out of our direct control. Marketing today is less about demand and more about organizing behavior. 

This obsession with funnels and funnel hacking and tactics is really driving a lot of challenges for small businesses. First and foremost, we have to understand how to guide people on the journey that they want to go on. 

I know it is hard to keep up when it seems like there’s some new thing that we have to do as marketers every single week. There is so much we have to do across so many platforms just to stay relevant, look at the data.

61% of mobile searchers are more likely to contact the local business if they have a mobile-friendly website. So we’ve gotta really look at our websites and all these different devices.

87% of potential customers won’t consider a business with low ratings. Now there are all these sites where people are able to go and leave reviews about our brand. And we have no control over that narrative.  

64% of consumers say watching a video on Facebook has influenced a purchase decision. So not only do we have to be on all of these channels. Now we have to mold all of our content to the exact same way or to the specifications and algorithms of the platform of the month.

92% of consumers will visit a brand’s website for the first time, for reasons other than making a purchase. Our website is not there to just take orders. It provides a service as well.

So I get the obsession with tactics and channels, but with this constantly changing landscape how can you possibly stay up to date? The answer lies in rethinking the customer journey. 

86% of buyers will pay more for a better customer experience and 83% of business owners claim their main source of new business is referrals. These stats prove that the customer journey does not end at the point of sale. There is profitability in focusing on what happens after somebody becomes a customer.

This leads me to the third and linchpin element of the perfect marketing strategy; the marketing hourglass. 

If you think about the hourglass shape the top of the hourglass borrows from the traditional sales funnel idea. After all, you have to get some percentage of the market out there to know about you and an even smaller percentage to realize that they are an ideal client for your business.

For so many businesses, that’s where it stops right at the throat of the hourglass. But with the marketing hourglass, the excitement really needs to happen again, after the sale.