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Latin American Market Development
1.
Created by Ana
Lucia Amaral A New Kind of Professional Latin American Market Development Ana Lucia Amaral Growth Hacker | Business Development, Sales, Marketing, PM and Language Engineer Specialized in Latin America A New Kind of Professional
2.
1PLAN Create a marketing strategy OPPORTUNITY Review
marketplace and set objectives ☐☐ 1. Review LATAM marketing capabilities associated with Global marketing ☐☐ 2. Review performance using KPI dashboards after customizing analytics for our business ☐☐ 3. Summarize customer insight in customer personas and customer journey maps ☐☐ 4. Audit brand and benchmark competitors ☐☐ 5. Review influencer outreach, co-marketing and intermediaries ☐☐ 6. Define SMART objectives with conversion spreadsheet models to quantify opportunity STRATEGY Create strategy Review how our digital proposition and communicate it using digital targeting techniques: ☐☐ Select target market segments and personas. Define digital targeting approaches ☐☐ Define our online value proposition (OVP) including review of business and revenue model, brand positioning and integration with traditional channels ☐☐ Review marketing mix for online options for the 4Ps - Product, Price, Promotion and Place ACTION Implement and manage digital marketing communications RECOMMENDATION o Structure our plan to define the opportunity, strategy and action o Associate the Global Marketing to be a Local Marketing o Investigate our LATAM Competitors o Implement our Local presence via digital branding o Share success o Find partners o Associate with the best brands o Speak their language and understand their culture Make smart approach and optimize our digital communications across all key customer touchpoints: ☐☐ Reach: Build our audience by integrating local marketing + sales training + branding ☐☐ Act: Using content marketing and persuasion to prompt brand interaction and leads ☐☐ Convert: Use conversion rate optimization to boost online and offline sales ☐☐ Engage: Develop customer loyalty and repeat sales LATAM Marketing / Business Development / Localization / Sales Integration Plan | www.analuciaamaral.com © 2016 Ana Lucia Amaral
3.
2REACH Grow our audience RECOMMENDATION INVEST IN
CONTINUOUS LOCAL MARKETING WITH GLOBALIZATION > LOCALIZATION PROCESS MANAGEMENT Ensure quality of communication Implement QA for ES/PT Create templates Training Branding Social Responsibility* (key impact in LATAM) Evaluate KPIs and KSIs GROWING REACH Reach involves building awareness of our brand, products and services on other websites and in offline media to build traffic to different web presences like your main site, microsites or social media pages. It involves maximizing reach using continuous inbound communications and planned campaigns to create multiple interactions using different paid, owned and earned media touchpoints. OPPORTUNITY Define our online/offline audience potential Set realistic targets for building traffic, awareness and social media followers ☐☐ Define dashboards to review effectiveness of current digital media in analytics ☐☐ Review current use of digital media and opportunities to improve ☐☐ Set VQVC (volume, quality, value, cost) objectives using conversion budget models STRATEGY Select the best communications options Our customer acquisition strategy should: ☐☐ Define key brand messages to grow audience awareness, familiarity and purchase intent ☐☐ Select relevant media and targeting ☐☐ Link to your content marketing strategy (Act) ☐☐ Prioritize channel media spend, summarized in a conversion-based media plan and budget ACTION Optimize our communications Work on optimizing Local Marketing via CAT Tools ☐☐ PR, influencer outreach and SEO ☐☐ Optimize MSO ☐☐ Create Style Guide/Glossary/Language Portal ☐☐ Review relevance of affiliate and partner marketing ☐☐ Local social media marketing optimization LATAM Marketing / Business Development / Localization / Sales Integration Plan | www.analuciaamaral.com © 2016 Ana Lucia Amaral
4.
3ACT Encourage brand interactions and
leads RECOMMENDATION DEVELOP A LOCAL CONTENT MARKETING STRATEGY A content marketing strategy will integrate our online communications to fuel lead generation and power inbound marketing to grow our reach INCREASING INTERACTIONS Act is short for Interact. It’s a separate stage from conversion since encouraging LATAM interactions on websites and in social media to generate leads is a big challenge for online marketers. It’s about persuading site visitors or prospects to take the next step, the next Action on their journey when they reach our site or social network presence. OPPORTUNITY Identify best options to increase lead conversion ☐☐ Review customer journeys by language/country and economic factors ☐☐ Review Local social media and mobile marketing platform engagement ☐☐ Define goals, events and dashboards for measuring customer interactions STRATEGY Prioritize content marketing and customer journeys ☐☐ Define customer personas ☐☐ Define content marketing plan ☐☐ Create website and market improvement plan including localization/transcreation ACTION Manage content marketing and lead generation ☐☐ Create local campaign plan, editorial calendar and outreach plan ☐☐ Create local content assets including video marketing ☐☐ Provide training for sales team, create templates, build employees branding LATAM Marketing / Business Development / Localization / Sales Integration Plan | www.analuciaamaral.com © 2016 Ana Lucia Amaral
5.
4CONVERT Increase sales through CRO RECOMMENDATION Set
up a CRO (Conversion Rate Optimization) program. Many businesses still don’t invest to optimize their websites to maximize online sales or referrals to other channels. Optimize > Localize > Integrate > Share Be there, be everywhere! INCREASING CONVERSION This is the conversion from lead to sale. It involves getting our LATAM audience to take that vital next step which turns them into paying customers. OPPORTUNITY Review focus to increase conversion to sale ☐☐ Economic issues are opportunity ☐☐ Review multichannel interactions to increase revenue ☐☐ Review LOCAL analytics and customer feedback STRATEGY Create an approach for conversion rate optimization ☐☐ Define online conversion rate optimization (CRO) approach ☐☐ Define how key online communications (search, email, social, mobile) drive sales ☐☐ Define offline integration paths to purchase ACTION Manage continuous improvement of conversion ☐☐ Implement CRO through test plan for AB and multivariate site tests and experiments ☐☐ Implement Local analysis ☐☐ Optimize LATAM ROPO behavior (Research Online-Purchase Offline) LATAM Marketing / Business Development / Localization / Sales Integration Plan | www.analuciaamaral.com © 2016 Ana Lucia Amaral
6.
5ENGAGE Build customer loyalty and
advocacy IMPROVING CUSTOMER ENGAGEMENT This is long-term engagement that is, developing a relationship with first-time buyers to build customer loyalty as repeat purchases using local communications on our site, social presence, email and direct interaction. I am also looking to build advocacy or recommendations through ‘word-of-mouth’. STRATEGY Define plan to improve customer retention and engagement ☐☐ Create LATAM customer engagement plan ☐☐ Create personalization and merchandising plan to keep LATAM consistency ☐☐ Create customer contact plan (email marketing and social media marketing) RECOMMENDATION Create a Customer Lifecycle Communications Plan Map all customer touchpoints to create a plan to use Marketing Automation to deliver personalized relevant messages by Email, Social Media and Web. OPPORTUNITY Review potential to increase customer activity levels ☐☐ Review customer loyalty and share success ☐☐ Participate in local events ☐☐ Review effectiveness of customer communications ACTION Implement online customer communications plan ☐☐ Implement and refine LATAM personalization rules (templates, social media, branding, etc.) ☐☐ Customer onboarding including event-trig- gered personalized emails and e-newsletters ☐☐ Manage social media and email campaigns for customer engagement and advocacy (in Spanish and Portuguese) LATAM Marketing / Business Development / Localization / Sales Integration Plan | www.analuciaamaral.com © 2016 Ana Lucia Amaral