The state of Alaska's budget woes have reached the tourism industry. Despite near record visitor numbers and a thriving industry, critical state marketing support for the industry has dwindled from upwards of twenty million dollars to to a mere 1.5 million dollars.
Many of our clients are asking about how they can retool their own marketing programs in response to this situation. Here are some digital strategies to consider:
1. Do you have the right business intelligence?
Of course, businesses look at overall revenues, profit margins, etc. but there are other important ways of tracking your marketing program. Evaluating which analytics you review to support your marketing objectives is an important first step.
You need a fuel gauge in your car to know if you're running out of fuel, right? Just looking at miles traveled will not tell you if you are in danger. Are you looking at mere website traffic to determine your digital success? Rethink your Key Performance Indicators (KPIs) and find the ones that give you actionable information. Some examples of KPIs we use with some clients are engaged visitors (sessions of x page views or more), shopping cart abandonment rate, average order value and more.
2. How is your website conversion rate?
Is your site optimized to maximize bookings? An incremental increase in your conversion rate is one of the biggest ways you can improve your digital marketing performance. Analysis tools like heat maps, exit surveys or landing page optimization testing can help you find areas of opportunity. Google Analytics has multiple ways to measure conversion, and spending a little on development to get this information can pay big dividends.
3. Are you spending your digital advertising in the right places?
U.S. department store merchant John Wanamaker is credited with the quote, "I know half my advertising is working; I just don't know which half." With digital advertising & marketing, this is no longer the case. Conducting an ad cost analysis (i.e. cost per conversion by advertising medium) can prevent you from throwing money at a poor performing tactic and underspending on something really valuable. For example, when executed properly, paid search advertising can have the lowest cost per acquisition of almost any other type of advertising. If you have an effective paid search program but not maximizing your spending, you are losing cost effective conversions.
4. Is your site mobile optimized?
So many travelers are making decisions on where to eat, what to do and even where to stay once they have already arrived at their destination, and they are mostly using mobile devices to make these bookings. If your site is not optimized for mobile yet, it is time to bite the bullet and make the investment. Yes, it is a capital expense that may feel like a lot, but is the most important part of conversion optimization you can undertake.
5. It is time to professionalize your social media presence.
Playing around with social media and seeing if it can contribute to your marketing program is a thing of the past. The size of audiences on social media now easily rival audiences in other areas, such as search. Developing a coordinated social media strategy in alignment with the rest of your marketing as well as exploring paid social advertising options will enhance your overall program and increase its impact. As with all marketing, with digital, the whole is greater than the sum of its parts. Synergy and consistent message among all tactics - search, display, email, social - can have a disproportionate impact and huge bang for the buck.
So, if you are looking for ways to leverage your marketing program further to make up for State of Alaska marketing program support, here are some ideas to start with. Do these resonate with you? Any other comments on digital opportunities you see? Please share in the comments!