Industry Research Reveals Why Localized Marketing is Critical to Success
Learn how your business can harness the power of localized marketing across your portfolio.
A recent Forrester Consulting study, “The Localized Marketing Imperative: How Multi-Location Businesses Can Harness the Power of Local,” includes findings from a survey of multi-location marketing leaders that are involved with managing their firms’ brand at the local level.
The study found that decision-makers appreciate localized marketing’s value, but few have realized its full potential.
Obstacles that Stifle Localized Marketing Ambitions
While every multi-location marketer would choose to have a strong localized marketing strategy for their business, this is not always the case. There are a lot of obstacles that can prevent businesses from getting their localized marketing efforts up to standard, or beyond. If you’re aware of the obstacles that your business could face when it comes to localized marketing, the more likely you are to be able to overcome them.
Some of the most common obstacles multi-location marketers encounter include:
- A lack of location-specific insight
- Difficulty balancing local and national needs
- Organizational silos
- Insufficient resources to scale localized marketing
How to Attain Success Through Localized Marketing
While there isn’t a one size fits all outline for achieving success, data from the study found that there were specific tactics that helped improve localized marketing for multi-location marketers across the board. The survey asked respondents what actions they could take to improve their localized marketing efforts, and the single most impactful tactic listed was to clearly define localized marketing responsibilities for corporate/national and local teams.
To achieve organization at both the corporate and local level, multi-location businesses must choose from three different organizational models outlined in the study:
- Primarily centralized: In this model, corporate marketing owns all or most of both local and national marketing including the planning, creation, execution, measurement, and optimization efforts.
- Primarily decentralized: In this model, individual locations own all or most of the local marketing strategy. While this approach is likely to result in a strong local presence, there is a greater chance for misalignment with the corporate marketing strategy and overarching business goals.
- Hybrid: The hybrid model is as you would expect, a combination of the two mentioned above. It requires seamless coordination and sharing across corporate and local owners made possible with the right technology. Respondents agree: The hybrid model is ideal for optimizing local content while preserving company-wide consistency.
How Comprehensive Technology Platforms Can Help
If your multi-location business is not yet using the hybrid model mentioned above, it’s time to consider a comprehensive technology platform for your marketing efforts. Technology platforms have proven to be effective when it comes to localized marketing.
In fact, 71 percent of those who have a solution that can aggregate and manage all localized content across locations and sites report a positive impact on their localized marketing efforts as a result.
When asking respondents what mattered most when looking for a comprehensive technology platform, the following areas were mentioned most frequently:
- Set and manage service-level agreements (SLAs) around response times and post frequency.
- Claim and manage local (non-owned) search pages.
- Measure local marketing effectiveness.
How to Get Started Improving Your Localized Marketing Strategy
Now that you know the pain points when it comes to localized marketing and have learned how to attain success, it’s time to get started. A localized marketing strategy can unlock tremendous business and customer value for those brands that tackle it effectively. When planning your next move regarding your localized marketing strategy, make sure to clearly define your localized marketing responsibilities, identify and close capability gaps, use local customer interactions as an opportunity to improve your customer experience, and educate and support your stakeholders.
If you follow these guidelines, you should be on your way to a winning localized marketing strategy.
For a more in-depth look at the study, download it here.