SOSTAC Model for Digital Marketing
The
SOSTAC model was originally devised by PR Smith in the early 1990’s. The SOSTAC
model is used to strategically plan and design a digital marketing campaign. SOSTAC
is a straightforward step by step plan to building a marketing campaign. The
acronym stands for Situation, Objectives, Strategy, Tactics, Action, Control.
1)
Situation Analysis:
This is the first stage
of the plan. It involves looking at where you currently are in terms of
marketing. It will provide an overview to the company. A good place to start to
determine
the company’s position would be to first look towards the customers. This can
be done through digital marketing communication such as online surveys, a Facebook
campaign or Google Analytics. The company must find out exactly what the
breakdown of customer demographic is for the various platforms and how exactly they
interact with the brand?
Secondly
a company must assess its competition and see where exactly they are in
comparison. By looking at what their competition is doing in their digital
marketing campaigns the company can improve their marketing campaign by
improving on the ideas of their competitors or bringing their campaigns up to
par with their competitors.
Thirdly a
company must assess its capabilities with budgeting/ resources etc, in other
words can the company provide what its marketing campaigns promise to provide?
Can the company sustain a consistent marketing campaign? And, what would the
extent of the digital marketing campaign be?
Finally,
a company should perform a Strengths, Weaknesses, Opportunities
and Threats (SWOT)
analysis to create a comprehensive look at the company which highlights their
advantages and disadvantages as a business as well as figuring out where the
company is exactly.
Questions
to ask and areas to analyse during this stage include:
-
Where are we now?
-
How are we performing?
-
Who are our customers right now? (Customer
segmentation etc)
-
Which digital channels are they using? ,
Are we using the correct communication & distribution channels?
-
What are our distinctive competition
advantages and what are their key differentiators?
-
How effective is our marketing mix?
-
What uncontrollable event(s) or trend(s)
can impact business? (PEST Analysis - political, economic, socio-cultural and
technological)
2) Objectives:
Stage two is listing and defining the
objectives of the marketing campaign. ‘In order for objectives to be
successful, they need to be ‘SMART:’ specific, measurable, actionable, relevant
and time-bound and should include the 5 S’s objectives: Sell, Serve, Sizzle,
Speak, Save.’ - https://www.smartinsights.com/digital-marketing-strategy/sostac-model/.
This stage is all about using the
information from Situation Analysis to create objectives. Objectives should
generally be specific, measurable, accurate, realistic and timely (SMART)
rather than broad or vague so that they are easy to measure and to highlight whether
or not the target goal has been reached. The objectives must be measurable.
This is very important as otherwise how will the company determine if the
campaign is a success or a fail. Having a strict objective (such as timeframe) to
achieve also allows you to quickly figure out if the campaign is performing
well or not and might require a major change of course in order for it to get
back on tract. An example of a specific measurable objective: To increase
online engagement through Facebook by 10%. This will be measured by the amount
of new likes over the timeline of one month.
Some
other general questions to look at may be:
-
Where do we want to go?
-
What is the business mission?
-
What are the business objectives?
-
What are the marketing objectives? – Business
development.
-
What are the Marketing Communication
Objectives?
A breakdown of the SMART objectives, a few
questions to ask may include:
-
Do they fit the certain criteria?
(Specific)
-
Can you monitor progress and confirm
achievement? (Measurable)
-
Can you realistically do it? (Actionable)
-
Are they realistically attainable? (Relevant/
Reasonable)
-
Incorporate deadlines into the objectives.
(Timed)
3) Strategy:
For stage three,
Strategy, the main question is ‘How do we get there?’ This involves analysing the
information gathered during stage one, Situation Analysis, in order to
determine how to meet the Objectives from stage two.
The
company will develop a structure for the digital marketing campaign. It
comprises of a plan
of action to achieve the objectives. This strategy must address the company’s
objectives. The strategy is created by determining what must be done.
Firstly the company must determine Targeting. This is who exactly the
company plans to target with their digital marketing campaign i.e. children,
young teens or adults?
The second stage is the
proposition the marketing campaign is making towards the consumer it is
targeting. These propositions are composed of a ‘Marketing mix’, such as, what
the product is?, the price of the product?, how much promotion the product is
receiving?, and where exactly you can acquire the product?. Both the
proposition and marketing mix is used in an attempt to entice the consumer to
buy the product.
Next is the brand strategy, your
company’s brand identifies your company’s product/ service so that it is
distinct from other sellers in the market. Branding is essential in order to
capture a large share of the market and instill a sense of customer loyalty and
trust. A good brand image would be instantly relatable to the product/service
you are trying to sell to your customers. One such example is Coke Cola. Their
brand image is instantly recognizable and there can be no doubt in what exactly
they are selling to their consumers
Next stage
is online representation. This stage takes into account what kind of online
presence you currently have in the form of a website, blog, social media and
search engines optimisation and looks at what exactly it is your currently
doing with these forms of online promotion. This ties into the next point of
the type of online content a company puts out.
The
content a company puts out and the engagement it measures looks at what content
your current forms of online media are putting out and tries to see what it can
improve or do differently in order to captivate an audience. Content can be
changed to be more relevant, interesting or helpful while the company’s
engagement can come through forms such as YouTube or Facebook or by developing
new platforms to speak from such as new popular mediums such as Twitter.
Once the
content has engaged a customer the company then must devise a way to keep the customer’s
attention once you have achieved it through your advertising campaign. This can
be done by creating consistent high quality content that is engaging and
important to the consumers wants or interests such as frequently uploading to
the chosen platform ie: Facebook.
Retention
of a consumer’s attention is important as it means you will not have to spend money
in the future in order to regain their attention thus it is cost effective and
good for your long term strategy to keep a consumers attention once it has been
attained.
Questions to consider include:
-
Customer Segmentation, How will the market
be divided up?
-
Market Targeting, Which segments of the
market do we decide to focus on?
-
Market Position, How do we wish to be
perceived in each targeted segment? How do we wish to be positioned?
4) Tactics:
Stage four, Tactics, is
about how to implement the strategy from stage three. Tactics are small
tasks carried out to implement the overall strategy that has been pre-planned.
E- Tools are used to implement these tactics, these e-tools can be such things
like developing a blog for the company that can act as an online source of
information or as a newsletter allowing customers to find out what your company
is doing by giving you there e-mail addresses. Social media sites such as
Facebook or Twitter should also be used.
Businesses and
organisations use Facebook to set up fan pages in order to spread their brand
image and connect with fans cheaply while issuing statements on upcoming
products or digital marketing campaigns. The above E-Tools are essential
for conducting a comprehensive digital marketing campaign by using various
forms of communication mediums and rich media.
The tactics, however, must be
simple to follow and precise so that a level of consistency can be established
by anybody overlooking the implementation of the tactics. An example of a
precise tactic would be; posting content on social media twice a day, every day
at 10 am and 8pm highlighting the product/ service. In comparison a vague
tactic such as ‘post to Facebook everyday’ , is not optimal.
-
How do we implement the strategy?
-
Which communication tools do we wish to
use?
-
How do we plan to use them?
-
What message do we wish to communicate to
the target market?
-
Is there consistency across the different
communication tools?
-
Is there sufficient/ necessary resources/
budget available?
5) Action:
In Stage five we look at the ‘Details of
the tactics, who does what and when?’ – (Smartinsights.com). This may be the
most important stage as poor actions can potentially ruin a well thought out
digital marketing strategy.
The action stage involves putting into
motion the tactics from stage four. Action is how these tactics are carried
out. How an action is performed is essential in how well it will be received by
the consumers. It is important to assign these specific actions to people
within the company. This will give each person a role to play in the
implementation of the action. Providing a deadline will also help keep people
on track.
-
How will performance be recorded?
-
Who is going to do what?
-
When are they going to do it?
-
What are they going to do?
-
What is the allocation of resources for
this? (Budget, People)
-
What are the key performance measurements
for Strategy, Objectives and Tactics?
6)
Control:
The final stage is to plan how we are going to monitor
performance and measure whether we’re meeting the objectives. Control
is the overseeing of the strategy and tactics of the digital marketing campaign.
This stage is used to measure, monitor, review, update or adjust the campaign, if
needed.
Control
can also be used to change certain aspects of the digital marketing campaign in
order to improve it if these certain aspects are not working. The campaign can
be measured and monitor by using Google Analytics and Google Adwords, with this
the company will be able to access customer feedback more easily such as site
traffic etc.
This
feedback from Google Analytics and Google Adwords can help to further refine
and make improvements for future digital campaigns. For instance “Wispa”
created by Cadburys was brought back after the bar received large amounts of consumer
support from sites such as Facebook and Twitter. In this way a strong digital
marketing campaign and strong internet presence can be essential to becoming a
profitable, successful company by providing information and a large degree of
control that companies that still rely on traditional marketing cannot match.
Lastly, a contingency plan can be created for the advertising
campaign to fall back on if the campaign is a complete failure and needs a
major restructuring in order to be successful.
-
What are the KPI’s and which monitoring
and reporting tools will you use?
-
Do the action performance measurements
relate to the outlined objectives?
-
Frequency of measurement?
-
Review of measurement?
-
Resources for measurement?
-
Responsibility for measurement?
-
Actions on variance?
Comments
Post a Comment