Testing Business Growth Ideas



Action Plan for Testing

Action Plan for Testing

Introduction

Testing is a company that offers an impact product, test, to impact buyers, test. In order to sell more of their product, we have developed an action plan that focuses on the IMPACT acronym and includes sections on unique viral content ideas, innovative conversion ideas, channel selection, SEO keywords and content ideas, and unique social media opportunities.

IMPACT Offering

The IMPACT acronym stands for Interest, Margin, Potential, Attract, Competition, and Tenure. For Testing, the IMPACT offering is:

  • Interest: Test is a unique product that helps impact buyers measure the effectiveness of their campaigns.
  • Margin: Test has a high profit margin due to its low production costs.
  • Potential: There is a large potential market for Test, as many impact buyers are looking for ways to measure their campaigns.
  • Attract: Test is a simple and easy-to-use product that appeals to impact buyers who want to measure their campaigns without a lot of hassle.
  • Competition: There are some competitors in the market, but Test stands out due to its simplicity and low cost.
  • Tenure: Testing has been in business for several years and has a strong reputation in the industry.

IMPACT Prospect Persona

The ideal IMPACT prospect for Testing is:

  • Name: Sarah
  • Age: 35
  • Job Title: Marketing Manager
  • Industry: Technology
  • Goals: Sarah wants to measure the effectiveness of her company’s marketing campaigns and make data-driven decisions.
  • Pain Points: Sarah is frustrated with the complexity and cost of other measurement tools on the market.

5 Unique Viral Content Ideas

Here are five unique viral content ideas that Testing can use to promote their product:

  1. Infographic: “10 Reasons Why Test is the Best Way to Measure Your Campaigns”
  2. Video: “How Test Helped One Company Increase Their ROI by 50%”
  3. Blog Post: “5 Ways to Measure Your Campaigns Without Breaking the Bank”
  4. Social Media Campaign: “Share Your Success Story with Test and Win a Free Year of Service”
  5. Webinar: “How to Use Test to Make Data-Driven Decisions”

5 Innovative Conversion Ideas

Here are five innovative conversion ideas that Testing can use to turn prospects into customers:

  1. Free Trial: Offer a free trial of Test to new prospects.
  2. Money-Back Guarantee: Offer a money-back guarantee to new customers who are not satisfied with the product.
  3. Referral Program: Offer a referral program to existing customers who refer new customers to Test.
  4. Upsell: Offer premium features or services to existing customers who are looking for more advanced measurement tools.
  5. Bundle: Bundle Test with other marketing tools to offer a complete marketing solution to customers.

Channel Selection with Examples

Here are some channel selection examples that Testing can use to reach their target audience:

  • Email Marketing: Send targeted email campaigns to potential customers, highlighting the benefits of Test.
  • Content Marketing: Create blog posts, infographics, and videos that educate potential customers about the importance of measuring their campaigns and how Test can help.
  • Social Media Marketing: Use social media platforms like LinkedIn and Twitter to connect with potential customers and share content that promotes Test.
  • PPC Advertising: Use Google AdWords and other PPC advertising platforms to target potential customers who are searching for marketing measurement tools.
  • Trade Shows: Attend industry trade shows and conferences to connect with potential customers and demonstrate the benefits of Test.

5-10 SEO Keywords + Content & Link Building Ideas

Here are five SEO keywords and content/link building ideas that Testing can use to improve their search engine rankings:

  • SEO Keywords: marketing measurement tools, campaign measurement, impact measurement, data-driven decisions, marketing analytics
  • Content Ideas: Create blog posts, infographics, and videos that educate potential customers about the importance of measuring their campaigns and how Test can help.
  • Link Building Ideas: Reach out to industry influencers and ask them to share your content on their social media platforms or link to your website from their blog.

Unique Social Media Opportunities

Here are some unique social media opportunities that Testing can use to engage with their target audience:

  • Social Media Contests: Hold a contest on social media platforms like Facebook and Instagram, asking customers to share their success stories with Test and offering a prize for the best story.
  • Live Q&A Sessions: Use Facebook Live or Twitter Chat to host live Q&A sessions with industry experts and answer questions about measuring marketing campaigns.
  • Social Media Advertising: Use social media advertising platforms like Facebook Ads and LinkedIn Ads to target potential customers who are interested in marketing measurement tools.


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The Old vs the new

Business Growth Strategies

Old Business Growth Strategies – The Marketing Team Concept

Whether a business has ten employees or ten thousand, its separate departments or divisions dictate how day-to-day business functions. When looking at profitability and growth, the focus is often the marketing department. This team holds ultimate responsibility for branding and promoting the business and its services.

Odds are, your marketing team receives a product or service concept from the design or engineering department with very little background. Their task is to promote your product or service and bundle it up in a package that the sales team can work with.

Today’s concept of the marketing team puts your product or service on a conveyor belt through each of your company’s departments. Each department receives a turn but only interacts during the hand-off. This approach to marketing teams compartmentalizes each department, breaking down the processes that create the most opportunity for growth.

The Old Way of Going to Market

The Growth Team Concept

On the surface, it might seem apparent that the marketing department and customer service department have nothing in common. One deals with promoting your business and streamlining advertising and branding. The other handles incoming business and diverts it as necessary.

However, the new growth team concept takes into consideration the commonalities between the two departments and creates ways for each to benefit the other. Letting customer service staff in on some marketing secrets helps them develop a better angle from which to approach guests. Feedback from customer service personnel can help the marketing team tailor their campaigns and zero in on specific target markets.

In the old model, marketing and customer service were steps away from one another, and likely never interacted at all. This is also true of other teams which would benefit from more overlap, including tech support, sales, and even product designers.

The marketing team concept sequesters those brilliant marketing minds away from other influential forces within your business. With each department focusing on its own role at each product stage, no one is looking at the bigger picture and considering how to best meet company needs.

What’s in a Growth Team

Involving all departments throughout the product or service development process is vital to growth. Rather than separate departments focusing on their own goals, a growth team brings all those collaborators together.

Letting each department exert its own influence allows for changes to product or service design, preventing failures due to not only engineering issues but also customer preferences. While each department has a specific contribution to the end product, bringing them all together breaks down barriers in the creative process.

Based on company consultations, here are a few key points to consider about each respective department within your organization and their strengths in a modern growth team strategy.

  • Leadership– As the main decision-makers in your organization that start the ball rolling when it comes to designing new products or rolling out new services, leaders also need to listen for feedback that can impact the success of new or existing products.
  • Engineering– When preliminary plans become a reality, engineering teams may prefer to sacrifice function for form. Marketing, sales, and tech influences can keep product development moving forward.
  • Marketing– This team’s responsibilities lie in generating leads and creating a cohesive branding package for your organization and its products, but true feedback comes from support personnel who hear directly from customers.
  • Sales– Proffering the product with its complete marketing package to customers and sealing the deal isn’t always straightforward. Sales staff need to understand the product and its nuances to promote it to customers better.
  • Tech– Tech’s responsibilities are more than resolving email glitch issues. They can have valuable input that pertains to the function of processes and products, plus connectivity solutions that make a product a referral source.
  • Support– As the main point of contact with the customer, the support or service department has the unique ability to direct customer feedback along the appropriate channels. Ensuring that those channels receive the feedback is a huge challenge in the current marketing team structure.
New Business Growth Team

How to Create a Growth Team

Keeping an open mind is the first step in creating a functional growth team that sends your profits soaring. Unconventional solutions can come from unexpected places, but hopefully, those places are your company’s department teams.

Establishing a collaborative round-table type setting where all departments have representation alters the assembly-line structure that the old marketing team was part of. Rather than piecing things together as the product concept moves along, the original concept takes on adjustments in its beginning stages.

Growth teams follow a five-stage process that groups multiple departments based on the product and customer needs at each stage. These recommendations aim to keep the right people in the know for optimal outcomes in both earning leads and closing sales.

Product/Service Design

In the initial design stages, all departments (leadership, engineering, marketing, sales, tech, and support) need to have a voice. This can avoid major errors that lead to stunted sales and complete marketing flops. Each department offers its unique perspective of the product in question and improves on it before it reaches the customer.

Awareness

Generating awareness for a product or service is a task that’s not just for the marketing team anymore. Sales and tech departments can also lend their expertise on how best to showcase products for lead generation.

Combining ad analytics with online sales support, for example, helps address defined customer groups. Integrating social media allows companies new ways to perform outreach and capture leads. Without tech and sales, marketing is aiming into a void and hoping to hit the right target.

Nurturing

The next step in generating customer interest and nudging them closer to a purchasing decision depends on the abilities of the marketing, sales, and tech teams. Feedback at this stage allows for adjustments to the marketing pitch that the team uses and the technology that generates feedback.

Tech personnel can utilize website analytics to suggest changes to marketing techniques based on client interest (or disinterest), allowing your company to modify its approach on the fly rather than after months of failure to close on a sale.

Acquisition

The moment of sale requires more than sales staff who have a way with words. Part of selling effectively involves understanding what the organization is selling, and what problems and challenges arise after the sale. Sales, marketing, support, and tech staff must communicate to decipher whether customers are satisfied or not, and why.

While sales staff might consider a successful sale a job well done, the tech department’s data and the support staff’s feedback may tell a different story. Considering all these viewpoints gives a well-rounded look at what’s happening after the sale. Plus, when a product or service itself serves as a referral source, the true measure of the product may lie in its analytics after the fact.

Support

All businesses strive to improve their processes, services, and products. The ideal way to begin this improvement is through accepting customer feedback and acting on it. This demands that support, engineering, marketing, and sales reconvene to hash out any remaining issues.

For example, support can transmit feedback to engineering, who can then make improvements to the product to customer specifications.

The Bottom Line

The modern business growth strategy concept is an adaptive approach to teamwork and department integration regardless of your industry. Transitioning to this feedback-loop strategy not only unites your company’s separate divisions into one team, but it also stands to boost your profits over time. There is some great info at Growth Hackers as well.

Here is a video that breaks this whole thing down.