Category: BDN
Everything You Need for 2016 Planning
Thanksgiving will be here in the blink of an eye. Christmas is just around the corner. If you have not already started to write next year’s marketing plan, it’s time to get started now.
If you plan to go it alone, and write the plan yourself, this guide will be invaluable. If it’s time to hire an outside firm, we have a resource for that, too.
Here, all of the helpful tools and information we’ve been sharing in 2015 have been consolidated into a master guide for 2016 planning. We hope it’s useful and welcome your feedback and ideas for improvement.
Let’s get started and take it step by step.
Step 1. Information & Understanding
It’s important to build on a foundation of solid knowledge, so you’ll want to do a complete situation analysis. Start by ensuring that you know everything there is to know about your organization’s products, services, channels, markets, and plans for the year ahead. Will there be new products or certifications? Improvements to existing products? New channels to market? Assess your competition and do an honest SWOT analysis. Interview key personnel in other relevant organizations. Conduct market research if appropriate.
Step 2. Establish Goals
Talk to management. Talk to sales. Take the time to uncover what matters to them. What do they expect marketing to contribute in 2016? What do they want marketing to contribute? Specifically, what are the sales goals and priorities for the year ahead? How can marketing create an environment conducive to generating leads and closing sales? Ensuring that marketing and sales work in partnership (using a CRM system for tracking) is more important than ever. It will benefit both organizations and your company as a whole.
Use what you learn to document 3-5 clear, specific, measurable goals. Here is a highly simplified example to kick off the process.
Goal: Grow legacy product sales by 5% to $100 million.
Market 1: Fixed-wing commercial, Domestic, $10M International, $30M
Market 2: Rotorcraft, military, DoD, $25M, International, $35M
Goal: Grow new product sales by 10% to $50 million.
Market 1: Military fixed wing products, $30M, International only
Market 2: Commercial fixed-wing products, $20M, Domestic, $15M, International, $5M
Goal: Launch a new certified product in Q3. Achieve first 10 sales by year-end.
Market: Commercial rotorcraft
Of course, your plan will delve deeper into each identified market, listing specific countries, sub-markets, and customer opportunities. You will also want to develop customer personas and ensure understanding of their pain points and your relevant solutions.
The steps that follow will then support each of these goals.
Step 3. Strategy & Messaging
This is where your experience, expertise and creativity fuse to ignite a strategy that will drive success.
Will you structure a traditional integrated marketing campaign? Will you make the leap to an inbound marketing program using marketing automation? Perhaps you will launch a dealer outreach program, or include a higher-level branding campaign to reposition your company in the hearts and minds of customers.
The possibilities are endless, and your strategy should be driven by your goals, markets and, in some cases, budget realities.
The right messaging and creative approach are critically important. You’ll want to develop compelling value propositions, supporting messaging and, if appropriate, a brand promise and “elevator speech.”
Your value proposition is the heart and soul of your marketing program, so spend time to get it right. When people read your value proposition they should have an “aha” moment and intuitively understand exactly who you are, what you do, and why they should care.
All of this, and more, is covered in the BDN Marketing Planner.
Step 4: Tactics & Tools
From social media and advertising to white papers and infographics, there are more marketing tactics and tools than ever before. Choose your tactics based on what you want to accomplish. For example, the tactics used to build awareness are different than those used to establish domain expertise. BDN has developed tools and kits designed to help you master the use of specific tactics, including: Digital, Public Relations, and Trade Shows.
Step 5: Budget & Measurement
A recent study by Forrester Research showed that on average, 2015 b-to-b marketing budgets make up 7% of revenue, up from 4% in 2014. In our experience, aerospace and aviation companies tend to spend less. We strongly encourage you to build your budget based on accepted b-to-b benchmarks, and show management how you will deliver a return on its investment. Ask for what you need to be successful instead of trying (often in vain) to get by with a budget built in a vacuum. This white paper & checklist should help.
Linking marketing investment to measurable results is imperative, so make sure you are known for outcomes versus outputs. Always develop metrics and a control process to justify the requested budget to management, and monitor performance of the plan. Marketing communications plans call for specific timeframes and specific performance standards — these are the metrics of your plan. Be sure to check out BDN’s Marketing Planner — there is a section devoted to measurement, with helpful tools and resources.
It’s no fun starting the New Year already feeling behind. So start planning now. You’ll be finished before the holidays and can start 2016 feeling in charge and in control.
Exhibiting At A Trade Show
Is your company ready to commit to taking a new approach to trade shows? If so, this document is a simple guide to help you get started. Adopting these principles and applying them at your company is the first step toward a more effective process and improved, measurable results. Consider this your manifesto for turning the tyranny of trade shows into a key component of business success.
Click here to read the full white paper. And don’t forget to download our comprehensive guide to more than 300+ A&D industry shows. It’s free!
Trade Show & Event Quiz
Regardless of your specific marketing and sales role, attending and possibly organizing trade shows and events is likely part of what you do. But how much do you know about accepted best practices in event planning, attendance and measurement? Take this quick (but not easy) 5-question quiz to see if you make the grade.
Advertising Planning
While digital strategies are growing in popularity, print advertising in industry trade publications is still being used by many aerospace, defense and aviation marketers. As a service to the industry, BDN continues to make available this directory of more than 300 niche publications.
The directory was last updated in 2015, so if you’d like to suggest an update or addition, please contact us here.
To download the directory, click here.
To learn more about digital advertising, click here.
Planning for 2016
Take your 2016 marketing to the next level with a comprehensive marketing plan.
We’ve created an easy-to-follow step-by-step guide that encompasses strategy, audience definition, goals and objectives, creative messaging, channels and tactics, and budget and measurement.
Download our A&D Marketing Planner now and get started.
Your 2016 Marketing Budget Checklist
Budget is always an important driver when developing marketing plans and strategies. You need to be sure to allocate funds for each tactic and resource necessary to execute your plan and to ultimately achieve your objectives. Use this Budget Checklist to get you started on the right path for 2016.
Budgeting for 2016
Budget is always an important driver when developing marketing plans and strategies. But how much should your company really be investing in marketing? How much do other companies spend, and how are budgets being allocated? What can you expect in return?
There is no one-size-fits-all answer, but this industry-specific guide to budget planning, including trends, benchmarks and best practices, is a great place to start.
Click here to read the full whitepaper.
Aerospace Marketing Predictions for 2016
With one more year of focused aerospace marketing experience under our belts, it’s time for annual predictions.
What can aerospace marketers expect in 2016?
The answer is just as complex as the question, and it ranges from significant disruption and uncomfortable levels of change, to more of the same from businesses failing to think and act differently. Here are three big predictions, and a quick hit list of five more.
The Change Imperative
We’ve yet to meet an aerospace, defense or aviation business that is not risk-averse.
But when it comes to marketing, unwillingness to change may now be the biggest risk of all, because the most successful marketers have a whole new set of skills, all rooted in technology, and businesses that don’t adapt will be left behind. For many marketers, the change is not easy, with 34 percent of B2B marketing executives telling Forrester Research that they are “overwhelmed” by the pace of change, and 97 percent saying the pace will only accelerate. We fully expect more of the same in 2016.
Modern marketing is not a collection of trade shows, brochures and ads. And it’s not just a clever tagline or eye-catching design. In 2016, more aerospace marketers will acknowledge that modern marketing is a technology- and data-driven effort, and they will begin connecting the dots between activity, investment, and revenue — while many others will continue to be all talk and no action.
Sadly, marketers who don’t change will find that their jobs are in jeopardy. And businesses that don’t change, especially small firms unwilling to invest in new ways of doing business, won’t survive.
Still not convinced? Gartner predicts that by 2017, chief marketing officers will spend more on technology than chief information officers. It’s inevitable. It’s a turning point. And it’s a brilliant opportunity for aerospace marketers to update their skills and lead the way.
3 things you can do now ….
- Brush up on your digital marketing knowledge with BDN Digital Marketing Guide.
- Use technology to better understand your audience. Check out BDN’s blog on Analytics: 3 Easy Tools To Start Using Now.
- Think outside the box with your marketing. Explore BDN’s 10 Unique Ways to Out-market Your Competition.
Follow the Leader
We’ve just established that aerospace, defense and aviation businesses are risk-averse. Yet there are a few bold visionaries not afraid to challenge the status quo. XTI Aircraft, for example, is developing a unique new VTOL aircraft and raising capital, in part, through crowdfunding, a business aviation first. While industry insiders were second-guessing both the aircraft and the unconventional approach to fundraising, XTI was forging ahead, improbably generating over $10 million in expressed interest in just six weeks with the extensive use social media and public relations outreach programs that generated buzz and coverage on a global scale.
XTI’s willingness to try something new was rewarded publicly and tangibly. As a result, BDN says to expect the unexpected in 2016, with more aviation businesses stepping out of their comfort zones to test new ways of doing business.
Demand Generation
HubSpot’s Marketing Skills Handbook reports that the No. 1 marketing skill manufacturing businesses seek is demand generation. That means manufacturing firms want marketers who can deliver leads, and with today’s digital technologies this is well within reach. HubSpot predicts, and BDN agrees, that “as technology continues to become increasingly crucial to marketing success, education and training are only going to become more important for marketers and the companies who hire them. We anticipate that certifications, in particular, will grow more common for marketers to differentiate them from others in the hiring pool. We also expect that marketing automation certifications will become more common over the next five years.”
As marketing seeks to more measurably drive demand, inbound marketing is taking off. Inbound marketing focuses on providing quality content that entices new leads to come to you. Inbound techniques enable your target audiences to find you at the right time — precisely when they are seeking knowledge and resources to inform their buying decision.
To start enhancing your skills now, and give your employer what he or she really wants, take a look at HubSpot’s Inbound Certification or expand your horizons with Lynda.com for online video training. Both are excellent resources and well worth a look.
Parting Shots
Less print. More digital. Apologies to printers everywhere, but there will be less of you next year. From advertising to collateral, print is gradually going away.
New horizons in social media. Aerospace marketers are already moving beyond LinkedIn, Facebook and Twitter, and are embracing platforms like Pinterest, Instagram, Periscope, Vine, and Reddit, among others.
Content is king. Content drives good SEO and leads, and aerospace marketers know it’s important. But few have the staff or writing bench strength to support the ongoing development of substantial content in the form of blogs, white papers, infographics, etc. The industry will continue to struggle with the content challenge in 2016.
Bad PR. As schools produce fewer trained journalists, the quality of public relations will continue to decline. That means there will be more embarrassing news releases touting “our brand new website,” and fewer substantial announcements with meaning and context.
E-commerce. It’s a growing force in the B2B world, and it’s coming to aerospace, defense and aviation. If you’re not using it already, get smart and get going.
There’s more! For even more predictions, including virtual reality and the Internet of Things, see this HubSpot blog, “7 Game-Changing Marketing Trends to Tackle in 2016.”
15 Free Resources for Smart Aerospace Marketers
We polled our staff, and asked everyone to share their go-to and must-read free resources with our readers and subscribers. Below is a list of BDN’s top 15 free resources for smart marketing. Do you have a favorite tool that we missed? Let us know!
Sales & Marketing Resources
Sales Benchmark Index: Several of us subscribe to this blog for its no-nonsense, results-focused approach to sales and marketing improvement. I look forward to receiving SBI’s actionable ideas and information about what really works, all based on research and data.
The Agency Post from Hubspot: This is pure gold. Yes, it’s designed for agency professionals, but I promise you’ll find it useful. Plus, its sister blogs for sales and marketing seem to know exactly what I need before I need it, and every topic is packaged and presented in just the right way.
Lenskold: Don’t waste time on vanity metrics. To master the art of marketing measurement, learn from the best. The Lenskold Group website is a bit dull, and it takes time to navigate, but it’s the place to be if you’re serious about marketing for results.
Unbounce: A favorite resource for landing page education, this company is really doing it right with content — and their sole focus is landing pages. One of their main contributors, Oli Gardner, is amazing in showcasing his personality because he’s just really honest about his expertise. Love it.
Contently: Smart content articles and resources. Very intrigued by the level of thought and examples used in the resources they offer.
Quicksprout: Real marketing advice that is actionable.
Convince & Convert Newsletter: Easy-to-digest digital marketing content delivered via email.
Digital Resources
Google Analytics: A great tool to analyze traffic coming to your website. Just by placing one snippet of code on a website, marketers are able to see the traffic numbers to their website, learn about where their traffic is coming from, and analyze visitors’ behavior on the website.
Google Alerts: By signing up for Google Alerts, a user can be notified when a news story is published about a particular company or topic. It’s a great way to monitor conversation on the Internet and identify trends and opportunities.
The Moz Toolbar: This handy toolbar provides a quick way to analyze a website for technical and SEO information. It offers insight into the on-page SEO elements (page title, meta description and keywords, etc) and the technical elements like the IP address of a page and the site load time.
HootSuite: Plan social posts and content ahead of time across multiple platforms with this social media tool. Also a great way to follow other social influences and social conversation relevant to your company.
SumoMe: Website plug-in that helps capture lead information by displaying advertisements strategically. SumoMe has various other features as well including HeatMaps, showing user hotspots on your website, and social sharing, helping to get your brand noticed.
Photo Resources
Wikimedia: This site, also from the Wikimedia Foundation, hosts all manner of media. Here’s an excerpt from their Welcome page: “Wikimedia Commons is a media file repository making available public domain and freely-licensed educational media content (images, sound and video clips) to everyone, in their own language.” It is not aerospace-centric, but has many aerospace-related items.
Google: Did you know usable, free, images are available from Google? On a page of search results, choosing “Images” as a category (below the search bar) will display images matching the search criteria. To narrow the search to free items, clicking on the “gear” button on the right side (in line with the categories), you select “advanced search” and in the resulting page, in the bottom-most field, labeled “usage rights” choose “free to use, share or modify, even commercially” from the drop-down menu. Then press the blue Advanced Search button — the result will be the same Images window as before, but the results should be usable per that search criterion. However, care should still be taken to review any usage requirements associated with each item, such as attributing the creator.
DoD: The go-to resource for military images. Be sure to fully understand usage rights and how the images may or may not be used for commercial or marketing purposes.
Bonus! Six More Photo Resources
Here are six more photo resources you may find useful, but remember, these are not free.
Airliners.net: You’ll find a nice variety of images and aircraft. Many tail spotter images, and loads of others, too. Good if you’re trying to find obscure aircraft. You work directly with the photographer. Cost per image is quite reasonable.
Air Team Images: Nice variety of images. Once again, good if you’re looking for specific make or model of aircraft. Team is good to work with, quite responsive, and costs are very fair.
Shutterstock: Good for general backgrounds, icons, and some aviation images. Image packs or subscriptions are available.
Ing Image: Some general aviation/aerospace images, and a good resource for contemporary people and environment photos. Purchase images through credit packs or subscriptions.
Corbis Images: Lots of aerospace images, not necessarily aircraft specific. Royalty-free images are available, but you need to watch for rights-managed and editorial-only usage requirements. Can be pricey. But you get what you pay for.
Getty Images: Beautiful, contemporary images. Lots of aerospace resources. Royalty-free imagery is available, but be aware of rights-managed usage and editorial-only imagery. Once again, depending on the image, it can be pricey.
How Selective List Building Drives Results: A BDN Case Study
Building and using lists for targeted marketing outreach programs is important to your marketing program, but where is it all leading?
Is everyone on the list subjected to a one-way onslaught of interruptive sales messages? Or are you using a permission-based approach where the target actually wants and welcomes the information and messages they receive? And what about the legal and ethical implications of your email-based marketing program?
Legitimate email marketing providers will not allow the use of purchased lists, and though it is permitted under CAN-SPAM laws, you can still be labeled a spammer if recipients complain. The solution is to provide great content and allow your target audience to opt in or subscribe. That’s exactly what BDN has done with our own email marketing, and our experience helps illustrate the approach.
One of our favorite blogs explains that that “the difference between a lead and a subscriber is akin to the difference between a date and a marriage. Both are important relationships, but one often requires more commitment than the other.”
They go on to say that a subscriber is much more valuable than a lead because subscribers have made a commitment and are actively engaging in a relationship with you. A lead, on the other hand, is completely non-committal, always keeping you at arm’s length. One is likely to buy from you in the future and the other — not so much.
BDN is making a move from interruptive to permission-based marketing, and here’s what we have learned.
In one month our company has built a list of qualified leads, and it’s growing rapidly. We are reaching fewer people overall, but the people we do reach actually want to hear from us.
In the past, when we sent our messages to a large, unqualified list of industry marketers , the results were uninspiring — although list building has to start somewhere.
Our performance was poor, with significantly below industry average rates for opens and click-throughs, and an above-average number of unsubscribe requests.
Here’s where we are today. In just one month we have built a list of 70+ qualified leads and our performance is top notch.
- Our open rate (58%) is 37% above the industry average of 21%
- Our click-through rate (24%) is 22% above the industry average of 2%
- We have had no unsubscribe requests. The average is .53%
- We are ranked as a great quality sender with no spam complaints, and no hard or soft bounces.
What’s more, thanks to the new list, web traffic has skyrocketed. The first email alone brought 57 new visitors in just one day, and the momentum continues to build.
Tips and Tricks to Gain Subscribers
- Install SumoMe. BDN has collected 23 email addresses in less than a month using the free version of the app. (We could upgrade and would probably collect more)
- Gate content on your website and include an opt-in button
- Promote on your homepage
- Promote in email signatures
- Promote at the bottom of eblasts
- Promote on social media
- Add a list builder to Facebook
For more information about the difference between leads and subscribers, see this SBI blog. This BannerView article has more information about the legal and ethical implications of email marketing. For more analogies about how marketing is like dating, visit BDN.
You might also be interested in Do You Have What It Takes To Succeed With The Aerospace News Media? or Is It Time To Hire An Outside Marketing Firm?