How well do you understand your target customer? If you can’t answer this question, or if your answer is “not well,” then your franchise marketing plan might be lacking. Learn how to create a successful franchise marketing blueprint in this article.
The franchising industry continues to expand, with around 300 companies opting to franchise each year. This industry also provides jobs to more than eight million people. However, competition for customers in this sector is fierce, making franchise growth a challenge.
To stand out and increase your return on investment, you’ll need a solid digital marketing strategy, which includes a well-structured franchise marketing plan.
What is Franchise Marketing?
Franchise marketing involves activities aimed at growing your business. This can include digital marketing, public relations, and more. The primary goal is to boost brand awareness and increase revenue for your franchisees.
Franchise marketing typically breaks down into two main areas:
Operational Franchise Marketing
This includes the marketing efforts by both you and your franchisees to attract and retain customers. Examples include:
– Search engine optimization (SEO)
– Email marketing
– Social media marketing
– Pay-per-click (PPC) advertising
Franchise Development Marketing
This covers the marketing you, as the franchisor, do to sell additional franchise locations to prospective franchisees, helping to expand your franchise business.
Though these categories can overlap, the ultimate goal remains the same: to grow your franchise business.
Key Elements of a Franchise Marketing Strategy
Your franchise marketing strategy plays a vital role in advancing your brand. Here are some essential components your strategy should include:
1. Identify Your Target Customer
Before developing your marketing plan, you must understand your audience. Having the best franchise won’t help if you don’t know who you’re targeting. Successful franchise marketing relies heavily on identifying and narrowing down your audience, which helps maximize your return on investment.
If you’re new to franchising, analyze the customer base of similar franchises to gather insights. Review comments on their blogs or social media profiles to understand potential customers better. This information will help you build buyer personas and create targeted content.
2. Understanding Digital Marketing Platforms
Whether you’re a franchisor or a franchisee, you must be familiar with different digital marketing channels. These range from search engine marketing to social media.
It’s important to determine which platforms align best with your brand. For example, a bakery franchise might thrive on social media, while that might not be as effective for a cloud computing franchise. Choose your channels based on what you’re selling and who your target audience is.
3. Establish a Budget
Without setting a clear budget, you could overspend on marketing. Your marketing budget should reflect your available resources and end goals.
Since it’s unlikely that you’ll have the funds to do everything at once, you’ll need to prioritize. Be sure to include costs for market research, product development, and public relations, not just promotional materials and ads.
4. Be Consistent
Consistency is critical in franchise marketing. While different platforms may require different approaches, such as using text on Twitter and videos on Facebook, your branding must remain consistent.
Both franchisors and franchisees should maintain uniformity in logos, colors, fonts, and tone. This may involve creating a brand manual that ensures everyone is on the same page. Consistency helps build a strong brand identity, which is essential for increasing brand awareness and credibility.
Creating a Franchise Marketing Plan
When building a franchise marketing plan, remember that it serves you, your franchisees, and your overall business goals. Here are six steps to create an effective plan:
1. Create Clear Brand Guidelines
Your franchise marketing plan must include clear brand guidelines, which should be part of your franchise manual. These guidelines should cover your franchise’s identity, including history, vision, values, mission statement, appearance, and operational instructions. Consistent branding across all locations is essential for success.
2. Know Your Target Audience
Franchises often have different customer categories with varying demographics. Instead of marketing to everyone, focus on those most likely to be interested in your brand. Also, remember that you’re marketing not just to customers but to potential franchisees. Adjust your message accordingly for each group.
3. Utilize Local SEO
Local marketing is essential for franchise success. Each franchise location should have its own landing page and business listings, optimized for the local market. While the franchise brand may be well-known, it’s crucial to establish each location on a local level.
4. Direct Mail Is Still Effective
While digital marketing is vital, don’t overlook direct mail. It remains a powerful tool, especially for local franchises. Direct mail can effectively target your customer base, as not everyone relies on online marketing.
5. Personalize and Automate Your Marketing
Personalized marketing grabs the attention of potential customers. People appreciate feeling valued, and personalization can help create that connection. Automation can simplify your efforts without making them impersonal. This way, you can focus on delivering tailored content to your target audience.
6. Share Your Story
Effective storytelling is one of the most powerful marketing tools at your disposal. A compelling story showcases your authenticity and helps build trust and loyalty among customers. While offering low prices is appealing, it’s your story and values that should make customers choose you.
Wrap-Up
Creating a successful franchise marketing plan starts with understanding your ideal customer. Through research, you can determine who they are, where they can be found, and how to connect with them.
Once you have this information, you can build a strong brand identity that increases brand recognition and drives profitability. Keep conversions in mind as they will play a major role in your long-term success.