Marketing Play
What is a Marketing Play?
A marketing play is a strategic action or set of actions designed to achieve marketing goals, similar to strategic moves in sports to win a game. It involves leveraging data, personalizing campaigns, collaborating with sales, and more to drive leads and revenue.
Crafting Effective Marketing Plays
When it comes to generating leads and driving sales, there are several effective strategies that marketing teams can employ. These include:
- Leveraging B2B intent data to identify in-market accounts and run targeted campaigns.
- Running highly personalized email marketing campaigns aimed at ideal buyer personas in under-engaged and under-penetrated accounts.
- Collaborating closely with sales teams to run targeted sales automation and engagement campaigns, ensuring diligent follow-up through email, social outreach, and phone calls.
- Enriching inbound leads to provide more personalization data points and insights, enabling sales teams to convert leads more efficiently and quickly.
- Executing pre-event marketing campaigns to drive more leads and ROI from tradeshows.
Examples of Successful Marketing Plays
Let's explore three examples of successful marketing plays that have driven results for businesses:
- Leveraging B2B Intent Data: This strategy involves using B2B intent data to identify accounts actively researching solutions in your category or industry. By analyzing behavioral signals, businesses can pinpoint which companies are in the market for their products or services, allowing for a targeted campaign tailored to these in-market accounts. The outcome is more effective engagement and potentially higher conversion rates, optimizing resource allocation and improving ROI on marketing campaigns.
- The Platform Play: This approach involves a company at the top of the market thinking broadly about success and value, enlisting others in the industry to help defend its market position instead of going at it alone. It's about getting all market players involved in the company's goals without directly challenging anyone. Successful companies that have utilized the Platform Play have intertwined their success with the success of their whole industry, ensuring long-term market leadership by collaborating with other market players rather than confronting them directly. Examples include DoCoMo and Amazon.
- Creating New Products in the Market: Marketing is integral to introducing new products and services by analyzing consumer behavior within the broader economy. It involves not just listening to what people say they want but also innovating in ways that meet unarticulated needs. This approach to marketing and product development has led to significant technological and societal shifts, such as the widespread adoption of automobiles and smartphones, driven by leaders like Henry Ford and Steve Jobs who excelled in creating market-changing products without direct consumer input.
Marketing Plays vs. Sales Strategies
Marketing plays and sales strategies, while distinct, are closely intertwined and complement each other in driving business success. Marketing plays focus on generating leads and creating opportunities in the pipeline through targeted campaigns and leveraging data.
On the other hand, sales strategies concentrate on converting these opportunities into actual sales through direct engagement and follow-ups.
Key Components of a Marketing Play
When crafting a marketing play, there are several key components to consider:
- Market Assessment: Evaluate your market position, competition, and unique strengths to identify opportunities and challenges.
- Strategy Selection: Choose the right strategy based on market conditions and your capabilities, such as directly competing with a single competitor, creating a broader ecosystem, or targeting niche market segments.
- Value Proposition: Develop a clear value proposition and market offering that resonates with your target audience and differentiates you from competitors.
- Implementation and Adaptation: Execute the marketing strategy, focusing on the chosen competitor or market segment, and be prepared to adapt based on market response and changing conditions.
Other terms
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Simple Object Access Protocol Application Programming Interface
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Application Performance Management
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Nurture
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Referral Marketing
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Content Rights Management
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Branded Keywords
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Lead Enrichment Software
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Batch Processing
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GTM
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Direct Mail
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User Interaction
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Sales Script
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Total Addressable Market (TAM)
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Outbound Lead Generation
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Data Pipelines
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Supply Chain Management
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WordPress
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Revenue Forecasting
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Video Prospecting
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Docker
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Annual Recurring Revenue (ARR)
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Customer Buying Signals
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Order Management
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B2B Marketing Attribution
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End of Day
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Progressive Web Apps
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Channel Sales
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Email Cadence
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Intent leads
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Real-time Data Processing
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Average Selling Price
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Microservices
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Marketing Performance
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Compounded Annual Growth Rate
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Demand Forecasting
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Small to Medium-Sized Business
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Customer Data Management (CDM)
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Lead Routing
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B2B Data Enrichment
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CRM Analytics
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Sales Development
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Request for Information
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Sales Operations Management
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Lightning Components
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Segmentation Analysis
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Horizontal Market
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Firmographic Data
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Touchpoints
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Email Verification
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Trademarks
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Deal-Flow
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Remote Sales
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Revenue Intelligence
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Value Statement
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Brand Loyalty
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Sales Territory Management
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Sales Operations
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Buyer Intent
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Sales Pipeline Reporting
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Reverse Logistics
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Account-Based Everything
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Ransomware
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Opportunity Management
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Funnel Analysis
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Audience Targeting
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Average Order Value
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Programmatic Advertising
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Buying Process
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Latency
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Shipping Solutions
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CSS
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Sales Engagement
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Account-Based Advertising
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Cloud Storage
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Custom Metadata Types
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Account-Based Marketing
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White Label
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Representational State Transfer Application Programming Interface
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Business to customer
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Integration Testing
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Sales Quota
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Sales Pipeline Velocity Formula
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Voice Broadcasting
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B2B Demand Generation
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Marketo
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Data Security
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Mid-Market
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Customer Lifetime Value
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SDK
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B2B Data
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Ramp Up Time
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Business Intelligence
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Trusted Advisor
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Business Intelligence In Marketing
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Serviceable Obtainable Market
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Geo-Fencing
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Service Level Agreement
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Trade Shows
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Data Appending
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