How to Find the Right Media Partners for Your Business: Tips and Best Practices
Digital marketing and media are crucial for your business needs. Every company works to attract and obtain loyal customers with a top-notch experience that enhances connections, and it all starts with how you market your business.
Consider the benefits if your business still needs to take on a media partner. Having the right media partner for your business allows a quick assessment to take your marketing efforts to the next level. The partner’s expertise within your industry can help you easily analyze and pinpoint what works to promote your business value proposition and achieve your objectives at record speed.
Media partners can provide an outside view and develop a personalized action plan to enhance your marketing, advertising, and digital efforts across the board. Here are some best practices and tips for your company to find the right media partner and propel your business forward.
Media Partner Responsibilities
Before you begin your search for a media partner, you must first know what it is that your business needs most.
Your teams and managers should work to have a clear picture of where you expect your business to grow and what factors are essential. Then, you must ensure you convey those needs to your potential media partner and see how they can guide you through the process.
Business Objectives
Your business has plenty of ideas and strategies on what needs priority and focus. With a media partner, they must be able to look at your company and understand your values and mission. A genuine understanding and ability to see where your company is going is vital to align with your business plans.
Your media partner needs to understand those objectives and collaborate with your leadership to aid you in achieving those goals.
Adding Value
Media partners know how to promote credible and actionable results, but they can also help you overcome challenges in your activation strategy. A successful business builds clients with high levels of loyalty and trust, and media partners know how to promote your business’s value.
Brand awareness helps develop and foster those connections so you can take prospective clients and turn them into actual conversions. Assessing what works and where to emphasize your company’s value is a necessary tool that a media partner should prioritize to help build up your customer base.
Elevate Performance
When a media partner adds value to your business, they also help enhance the performance of your advertising, media, and digital marketing efforts. Creating a map of Key Performance Indicators (KPIs) is part of your overall plan and should include one or some of the following:
- Sales qualified leads (SQLs)
- Conversion rate increase
- Click-through boost
- Sales revenue growth
- Increase the number of website visitors
- Marketing qualified leads (MQLs)
- Cost per lead
Whatever your business needs to focus on, your media partner should be able to recognize and help increase the amount through various tactics, such as building up your social media presence. It may require a lot of meetings and discussions, and your partner, your teams, and your staff can come out with a clear picture and map as to what they prioritize first.
Consider if you’re working with an email list and want to increase the sign-up conversion rate. If your media partner isn’t setting up an action plan for your email outreach, they must clearly understand your objectives.
Increase Search Engine Optimization (SEO)
Visibility is a necessary part of your business needs. A significant benefit of working with a media partner is that their team has a solid understanding of SEO and how it is used to place your business on top effectively.
SEO efforts work to improve your KPIs, including increasing website visitors and traffic, conversions, and customer engagement. Your media partner needs a solid understanding of your target audience, which includes their interests, search habits, and what keywords or phrases are used to ensure your business is the first thing that pops up.
Finding The Right Media Partner
Creating compelling content within the proper media channels and platforms for your campaigns is the primary job of your media partner. However, the overall marketing strategy should lead you to increase your Return on Investment (ROI) to reach your bottom line.
Some things that your business can do when searching for a media partner and making the best decision involve the following:
- Ask questions – Your business needs answers before settling on a media partner, so be sure you have a list of questions you want to know about when searching for the right partner. Some questions you may want to ask can be:
- How do you handle problems or obstacles when they come up?
- Can I see some of your prior work success?
- What is your percentage of increase rates on conversions?
- How do you measure and analyze media campaigns?
- What tools or resources can you provide my company to help reach goals?
- Research and explore your options – Look at potential media partners and their previous work. See if any industries they’ve worked on are compatible with your own and how successful they were at achieving set-forth goals. Examine reviews and testimonials and get as much insight into their tactics as possible.
Be Open-Minded
When you’re searching for the right media partners in business, it’s also necessary that you keep an open mind. You may need to learn more about your business, and potential media partners may have more insight or expertise in certain areas.
For example, if you know what platforms best reach your target audience, you may find that media partners have a different perspective. You may believe that long-form content is more essential and they may provide you with more short-form content for your marketing campaigns. Their primary focus is on media practices and marketing efforts, so they have a high level of experience to perform well.
However, being open-minded doesn’t mean that you relinquish all reigns on ideas for your business status and action plans. As the owner, you need to see their views and execution tactics before deciding to let them take over.
Also, don’t shy away from speaking with your media partner if you’re not getting the results you hoped to achieve. A good media partner will pay attention and redirect media efforts to ensure that they are assisting you in reaching your business goals.