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editorial content Archives - Syneka Marketing

Setting Effective Marketing Budgets

By | Advice, Advice for Businesses, Advice for Not-for-profit Organisations and Charities | No Comments

As the new financial year approaches, it is timely to consider how you can set a marketing budget that will achieve your goals over the next twelve months.

Budgets are a measurement tool that ensure you can adequately manage revenue and expenditure. Similarly, you also need to identify how you will measure the impact of your marketing activities.

Setting a marketing budget may seem like guesswork, but with the right information you can set a realistic budget.

  1. Firstly, ensure you have clearly defined goals for the next twelve months. A business plan should be guiding the development of your business, supported by a marketing plan that shows how to achieve these outcomes. These plans should identify the actions that will be undertaken each year.
  2. Secondly, you need to consider how you will achieve these outcomes. While your strategic plans should identify potential actions, these need to be reviewed to ensure that they are relevant and achievable. A marketing audit can assist by providing a health check on your marketing activities.

Consider how customers find your businesses and interact with your products or services. Are you leveraging these marketing tools as effectively as possible? For example, are you integrating these activities to save time while extending your reach?

Instant time savings can be created through integrating your website updates with social media, providing a consistent approach while also providing ongoing activity. Offline materials can be streamlined through a consistent identity guide that determines the visual elements of collateral like brochures and leaflets.

Consider the budgeted amounts for each of these materials and their value in attracting and retaining customers.  Do these marketing activities assist in not only obtaining customers, but also other goals, such as differentiating your products or services?  For example, speaking at conferences or providing editorial content may not generate immediate sales, but can build longer ongoing credibility and demonstrate expertise.

Also don’t forget that word of mouth referrals are a form of marketing. What actions can you undertake to encourage recommendations? Asking people to refer your products and services is always a good start and may prompt someone to take action.

Knowing how you measure your marketing activities will assist in setting effective budgets that will guide the financial performance of your business.

 

Pro Bono Australia: Awards Show Positive Impact of NFP Marketing

By | Advice for Not-for-profit Organisations and Charities, News | No Comments

Syneka Marketing has received significant media coverage following our nomination as State Finalists in the Australian Marketing Institute’s Excellence in Marketing Awards.

Our work with Volunteering Western Victoria demonstrates the positive impact that can be created through marketing.  We successfully transformed Wimmera Volunteers into Volunteering Western Victoria, positioning the organisation as a regional peak that can confidently engage stakeholders in the region.

Pro Bono Australia is a community for people engaged in the not-for-profit and community sectors.  We have worked closely with Pro Bono Australia, providing editorial content on marketing and it is great to see our nomination covered in Pro Bono Australia’s Featured News:

Awards Show Positive Impact of NFP Marketing

A Melbourne marketing agency is a Victorian finalist in awards that recognise the role of marketing to create positive social change. 

Syneka Marketing is a finalist for the Australian Marketing Institute (AMI) Awards for Marketing Excellence for its work in developing a new vision for a regional Not for Profit volunteer organisation.

Syneka is a Victorian finalist for the ‘Marketing on a Shoestring’ category. The submission outlined the results of a marketing plan for Volunteering Western Victoria, a Not for Profit based in Horsham, which assists volunteer-involving organisations, as well as providing community based transport for the frail aged and people with disabilities.

Effective marketing does not need to be costly,” Syneka Marketing Managing Director Alex Makin said.

“Our work with Volunteering Western Victoria (VWV) resulted in a marketing plan that created a new vision, reinforced by a new brand and identity.”

“The marketing plan elevated us into a peak organisation, that empowers communities and supports volunteers,” VWV CEO Julie Pettett said.

“We have been able to deliver new initiatives, like our Volunteering Recognition Awards, which had over 200 attendees.

“Community feedback in regard to the marketing plan has been overwhelmingly positive.

A recent survey to evaluate its effectiveness, confirmed that volunteers have noticed ‘the new branding’, a proactive approach and a greater presence’ for the organisation.”

“Our confirmation as a finalist shows the positive impact that can be created through marketing, and how we as marketers can create social change,” Mr. Makin said.

Details are available at: www.probonoaustralia.com.au/news/2013/09/awards-show-positive-impact-nfp-marketing