5 Growth Strategies to Bounce Back Strong in the Year of the Ox


5 Growth Strategies to Bounce Back Strong in the Year of the Ox

Even as countries across the Asia Pacific are making preparations for a historic roll-out of COVID-19 vaccines, authorities are staying vigilant about safe distancing measures. This means that more consumers than ever will be shopping online during Chinese New Year (CNY).

In 2021, the annual event, also known as Lunar New Year or Spring Festival, will fall on February 12 and kick off the year of the ox, an animal on the Chinese zodiac which represents diligence, strength, and resilience. 

With all the repercussions you’ve trudged through this past year, how do you gain the momentum and expertise to bounce back in 2021? 

Despite the challenges 2020 dumped on us, we can still come out strong. Here are the best ways to grow your business. Use each tip to help your team stay rooted in strategy, intuition, and hope.

Budget Well & Plan Accordingly

First things first, what’s your 2021 marketing budget looking like? While it’s good to have ideas on strategies you’d like to pursue, you also need to be realistic and determine if they’re even feasible with your budget.

Take a look at your 2020 revenue to see how aggressive you’d like to invest this coming year. For guidance, use a trusted marketing budget calculator to sort out your budget. From there, you can identify how to allocate that money to different marketing channels (SEO, social media, PPC, etc.). 

Don’t hesitate to tap into industry research while you’re crunching the numbers. It can help ensure you’re investing in the right places and on track to grow. And who knows, the findings might also provide ideas on how to build more agile strategies for 2021. 

Make Sure Your SEO Is Up & Running

In today’s digital world, taking an agile approach often means investing more in online channels. This can give your business the extra boost it needs to consistently stay connected with your customers—no matter what circumstances arise. 

A good place to start? SEO. Ninety-three percent of experiences begin with a search engine. Not to mention, SEO leads have a 14.6 percent close rate compared to 1.7 percent for outbound leads (radio/TV ads, direct mail, etc.).

Think of SEO as the fuel to your business’ engine—you need it to consistently attract the right customers and stay miles ahead of your competition. 

Here are a few tips to stay on top of your SEO efforts: 

Think about search intent

One of the most essential 2021 marketing trends is search intent. Google is getting better and smarter as we speak. Though keywords still play a pivotal role in search rankings, search engines are looking at the intent—why is someone searching for this phrase? Focus on this as you build out your content.

“Alexa, where’s the nearest cookie shop?“ More and more Google searches are being done this way. In fact, 76 percent of smart speaker users perform local searches on a weekly basis. Instead of simple search words, opt for full question phrases in your SEO practices.

Think about your local audience/searchers

If you’re a business that provides products/services in specific geographic areas, local SEO is a must. Otherwise, your business will pop up in Google for the wrong audience. So start by ensuring your local citations are in good shape and your information is consistent across all listings.

Personalize through Automation

Eighty percent of consumers are more likely to buy from businesses that offer a personalized experience—it invokes authenticity and trust. But we understand establishing this is easier said than done. 

When you have numerous leads, how the heck do you make each person feel special? Not to mention, how do you consistently stay connected with them without wanting to pull your hair out? 

The answer is marketing automation. Automation software enables both your sales and marketing team to look at your buyer’s journey and identify ways to streamline and customize your marketing campaigns. Better yet, it allows you to automate the following tasks: 

  • Segmentation: Are your leads in different stages of the buying process? With the right automation software, you can easily group them by key characteristics. That way, you can send out personalized messages to each group to better nurture your leads. Marketers who use segmented email campaigns see a 760 percent increase in revenue.
  • Lead-scoring: Lead-scoring is another way marketing automation allows you to step up your personalization game. You set up a lead-scoring model that assigns a value to each of your contacts. The values prioritize them, which enables you to invest your time and effort in the folks who matter the most. This method can bring a serious boost to your lead generation game.

Let Your Data Do the Talking

Are you tracking the performance of your campaigns? More importantly, are you monitoring them to help guide your decisions? 

Setting up SEO, social media, and marketing automation strategies are great, but to really boost your revenue, you need to let the data do the talking.

Here are a few tools to consider to help you make sound decisions in 2021: 

Google Analytics

This free tool tracks and monitors key metrics like site traffic, bounce rates, conversions, and click-through rates. These numbers can help your team discover what’s working and what isn’t and make the necessary adjustments. You can also integrate AdWords into Google Analytics to measure your PPC campaigns.

HubSpot

This platform not only lets you execute marketing automation tactics, but it also tracks key metrics of your marketing and sales campaigns. For example, you can implement A/B testing to find the types of call-to-actions (CTAs) that bring in the most conversions.


Establish the Right Connections

In addition to investing time in each employee, you also need to think of the big picture. This might involve finding ways to bridge gaps between teams and looking to resources outside your organization. 

Reach out to your colleagues

Web development, design, sales, content, the list goes on. These teams play a large role in your marketing efforts. Remember, an impactful marketing strategy is a collaborative one; it involves the skills and expertise of various teams. So take a moment to analyze how your teams work. Do you need to bridge any gaps? Reach out to your colleagues. Give them the opportunity to share their strategies with others. And from here, find ways your teams can productively work together to drive better results.

Reach out to thought leaders within your industry

Thought leaders can be influencers and/or people you look up to in your industry. Don’t hesitate to be proactive and reach out to them. For example, if you come across an article or video that really resonates with you, leave a comment for the writer or connect with them via LinkedIn. This can potentially lead to guest blogging or backlink opportunities. Not only will you gain a valuable connection, but you’ll also get a chance to elevate your online authority. Win-win.

Conclusion

Uncertainties still lie ahead, but with the right team to help safeguard your business and a solid set of strategies, you can have better peace of mind. Here’s to a fresh start and bouncing back in the Year of The Ox.

Author Bio:

Callbox Singapore Marketing Manager - Katrina ChuaKatrina works as the Marketing Manager at Callbox Singapore. She helps companies in Asia Pacific countries increase their business revenue through lead generation and appointment setting services. Follow Katrina on Twitter, Facebook, and Google+.
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