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Why do tech scaleups need a digital marketing strategy?

08.12.2021

Reaching the right buyers. Scaling your revenue base. Gaining market voice over competitors. Whatever your business goals, a (well-executed) digital marketing strategy will help you forge the path to get there. 

It’ll be no surprise to you that the technology sector is highly competitive. In 2022, there were almost 34,000 scaleups in the UK alone. And as of 2024, there are 67 million companies on LinkedIn. Hit and hope simply won’t cut it. In order to successfully compete, you need a clearly defined marketing strategy in place to support your business strategy. 

If you want to reach the right audiences, and move the needle, then you need a well-researched and targeted approach. For technology scaleups, a unique positioning or accurately forecasted marketing goals could be the difference between taking off and losing out. 

So, what can a digital marketing strategy do to help you reach your long term goals? 

Strategy, direction, and definition   

Many scaling companies are forced to leave a marketing strategy behind in favour of hitting near-term targets, maintain delivery, and overcome unexpected obstacles.  

But a clear direction is not an afterthought or a luxury. A marketing strategy is a driving force behind your business objectives, helping you define your proposition in your audience’s eyes, maximise your reach and, therefore, accelerate your growth. Without one, you’re missing out on opportunities to deliver your product or services to the people who need it. 

In short, a marketing strategy just as essential a component of a business as a revenue forecast or product development roadmap. The right marketing strategy can provide:  

  • Greater visibility of market opportunities   
  • A scalable roadmap for development  
  • Access to audience insights 
  • Defined target buyers and personas 
  • A clearly articulated value proposition  
  • Valuable external perspectives and analysis 

Greater visibility of opportunities  

A great marketing strategy doesn’t just help drive lead generation. It supports clear direction, growth and visibility into other areas too. 

A clear marketing strategy aligns communication and company direction across your internal departments. In turn, a marketing strategy supports you to consistently communicate your business value to the marketplace of potential investors and possible acquirers.   

It also delivers invaluable insight into potential market opportunities. To develop a successful strategy, businesses need to conduct extensive research and understand not just their current positioning, but their competitors, goals, buyer circles, personas, messaging, and much more.  

This work gives you and your teams an understanding of what you can reasonbly achieve and what you’re all working towards. 

A scalable roadmap for development  

It’s true that marketing is instrumental to encouraging a business’s growth, but it also goes far deeper.   

A long-term marketing strategy can provide a scalable infrastructure that grows alongside you. Looking ahead ensures that you have a well-structured plan for executing your business plan. If you want to achieve buy-out in five years, a long-term marketing strategy can keep you on track with this mission. 

With regular KPIs, and resources for testing and reporting on performance, you can ensure every marketing activity is helping you get closer to your business goals. 

Access to audience insights 

Marketing comes with a suite of useful analytics that can inform not just your digital marketing campaigns, but your overarching business strategy.  

SEO tools like SEMrush or Google Search Console can show you what organic search terms are driving your audience to your website. Google Analytics can help you identify which pages have the highest conversion rates, and therefore what your biggest sellingpoint or highest selling services are. HubSpot’s engagement platform tells you detailed information about your sales qualified prospects, their engagement with email marketing and their decision-making role. 

RELATED: The stages of scaleup marketing

All of this information gives you insight for not just marketing activity, but new business strategies. For example, which new audiences are ready for targetting, what channels are the most effective sales tools, or which services are the most sales-ready. 

With the right tools, your digital marketing strategy and business roadmap can support one another’s success. 

Accurately define and use your buyer profiles 

Startups can get away with a ‘pray and spray’ targeting model for a while, but scaleups must be more targeted. With a well-structured strategy, your campaigns will be tailored for each platform, digital marketing channel, and audience. When you’re targeting your key buyers specifically, you’ll see that you end up delivering greater value and getting better results.  

As a result, you can more effectively pursue leads, track conversions, reach new potential partners, and strengthen existing revenue streams.   

Marketing campaigns are your chance to extend your reach and build brand awareness. Correctly tailor your marketing activity, and your reputation and your commercial growth will thank you.   

You may also like: How to attract investors while scaling up 

Clearly articulate your value proposition  

Make sure your audience can understand your value at a glance.  

Your team might understand the importance of parallel processing or implementing ETL structures, but what about your prospects/investors?   

With the tech landscape constantly advancing and new innovations coming out every day, your target audience might be unable to interpret your value if it’s hidden behind layers of technical jargon.   

A clear marketing strategy can leverage audience-specific approaches to transform your offering. When reading bespoke messaging, tailored to their knowledge or pain points, prospects will better relate to your unique selling points.    

This matters now more than ever, as the tech market becomes increasingly competitive, and the margin for error draws ever finer. 

Get a valuable external perspective  

A marketing strategy gives you the opportunity to look at your company from the outside in. It forces you to step outside your bubble, and think about your strengths and weaknesses from an outsider’s point of view. This is valuable exercise to complete on a regular basis, ensuring you stay on track with what your audience really wants (and what works), not just what you think is right. 

Another way to gain this perspective is to outsource your marketing. Creating a digital marketing strategy is a time-consuming process, and an external agency can support you while giving you the added benefit of market insight, unbiased perspetives, and best practice. 

Learn more about outsourcing here. 

Explore digital marketing strategy services today 

At EV, developing market-leading strategies is what we do. Our model is focused on creating long-term and sustainable growth, based on strong foundations. We’ll help you define your brand’s niche, the most viable marketing direction, and the most effective (yet authentic) strategy.  

Discover our marketing strategy service here, today. 

EV

by EV

EV is a B Corp Certified marketing agency that delivers strategic marketing for scaleup science and technology companies. Its sustainable approach focuses on building infrastructures that scale and empower positive commercial growth. Combining creativity, consistency, and agility, EV creates brands that your audience can believe in.

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