YouTube2Text

Watch Me Build a Marketing Strategy in 20 Minutes For a Completely Random Business — Transcript

by Adam Erhart · 5,347 words · 772 segments · language en · Watch on YouTube

Full transcript

  1. 0:00In this video, I'm going to show you how
  2. 0:01to build a complete marketing strategy
  3. 0:04from start all the way to finish and I'm
  4. 0:05going to show you by doing it in real
  5. 0:07life with a completely random example,
  6. 0:10one that I had no control over, no say
  7. 0:12over, but I think will be a whole lot of
  8. 0:14fun and hopefully a very valuable
  9. 0:15learning experience as well. So, here's
  10. 0:17how this whole thing started. This past
  11. 0:19weekend, I asked my kids to go through
  12. 0:21the house and to try to pick any single
  13. 0:24thing that they wanted without really
  14. 0:26any idea of what I was going to do.
  15. 0:28Little did they know I was going to
  16. 0:29create a marketing strategy around it,
  17. 0:30which is where they quickly lost
  18. 0:32interest. But, this helped to keep them
  19. 0:34from being too biased with their
  20. 0:36decision. Anyway, trying to get them to
  21. 0:38pick and then decide and actually agree
  22. 0:41on one specific thing was a whole other
  23. 0:43ordeal unto itself, but ultimately they
  24. 0:46ended up deciding on a single product,
  25. 0:49probably because we just eaten it for
  26. 0:51breakfast earlier that day, but the
  27. 0:53product they decided that they wanted me
  28. 0:55to use was Kodiak Cakes. Now, couple
  29. 0:58quick things before we head into the
  30. 0:59video. Number one, this video is not
  31. 1:00sponsored by Kodiak Cakes. This is
  32. 1:02legitimately a completely random
  33. 1:04product. Number two, I happen to quite
  34. 1:06like Kodiak Cakes as a breakfast food, a
  35. 1:09nice treat on the weekend. However, I
  36. 1:11know basically nothing about the
  37. 1:13company, about their marketing, or about
  38. 1:15anything behind it. So, this really was
  39. 1:17a neat opportunity for me to sort of
  40. 1:19apply my marketing master plan process
  41. 1:22to Kodiak Cakes and to create a
  42. 1:23strategy. What would I do if I was the
  43. 1:26CEO or the CMO of Kodiak Cakes to try to
  44. 1:28reach more people, try to deliver the
  45. 1:30brand message. So, here's what we're
  46. 1:32going to do next. First, I'm going to go
  47. 1:34through what I believe would be the
  48. 1:36appropriate strategy, the right
  49. 1:37marketing campaign, the right ideas, the
  50. 1:39thoughts, and apply them through my
  51. 1:41marketing master plan in order to come
  52. 1:43up with sort of a guideline for how I
  53. 1:45would go and market this product. Then,
  54. 1:47I'm going to do a little bit of research
  55. 1:48after the fact and see what Kodiak Cakes
  56. 1:51is actually doing. See how much of this
  57. 1:53is in line with the things that I
  58. 1:54believe or if there's any things that I
  59. 1:56may have missed or some other ideas and
  60. 1:58all of this will hopefully not only give
  61. 2:00you ideas and a way of thinking about
  62. 2:02and approaching your marketing, but also
  63. 2:03give you ideas and inspiration for some
  64. 2:06takeaways that you're going to be able
  65. 2:07to apply to your business regardless of
  66. 2:09what market or business or industry
  67. 2:12you're in. And that's what makes
  68. 2:13marketing so interesting is that while
  69. 2:15every business, every market, every
  70. 2:17industry is different, there are
  71. 2:18nuances, there are sort of unique
  72. 2:21characteristics, the fundamental
  73. 2:23principles of marketing are universal.
  74. 2:25They stay the same. And the way that
  75. 2:27consumers and customers and your
  76. 2:28clients, the way that they buy things,
  77. 2:30the way that they make purchasing
  78. 2:32decisions, well, these criteria really
  79. 2:35haven't changed that much in thousands,
  80. 2:37if not tens of thousands of years.
  81. 2:38They're based on very strong emotional
  82. 2:41reasons and then they're they're backed
  83. 2:42up logically and rationally later. But,
  84. 2:45more on that later. For now, let's start
  85. 2:47marketing. All right, so the way that I
  86. 2:48create marketing for any client, the way
  87. 2:51that I teach all of my students and the
  88. 2:52way that I've been doing it in one way,
  89. 2:54shape, or form for the past 10 years and
  90. 2:56more is to go through a very specific
  91. 2:58and very strategic five-part process.
  92. 3:01Each one is sequential, each step builds
  93. 3:03on the next one. Every step is important
  94. 3:05and it all starts with step number one,
  95. 3:07which is all about the model. All right,
  96. 3:09so the very first thing when it comes to
  97. 3:11marketing any business is figuring out,
  98. 3:12well, what's the business model? What
  99. 3:14exactly are we selling? What are our
  100. 3:16price points? Where do we fit in the
  101. 3:17market? What is the way that we're going
  102. 3:20to present our offers? All of the things
  103. 3:22that go into it. Now, again, admittedly,
  104. 3:24I know very little, if not pretty much
  105. 3:26nothing, about Kodiak Cakes other than
  106. 3:28they're kind of kind of a tasty pancake.
  107. 3:30But, on that note, well, it's safe to
  108. 3:32draw some pretty natural conclusions
  109. 3:34that, all right, so what we're dealing
  110. 3:35with here is not only a breakfast food,
  111. 3:37but a breakfast food that is probably
  112. 3:40going to be sold not only through big
  113. 3:42box stores cuz I'm pretty sure I
  114. 3:43remember that we picked this up at
  115. 3:45Costco, but also I think you can also
  116. 3:47order them online, which is a
  117. 3:49direct-to-consumer model. So, they're
  118. 3:51using different retailers, they're using
  119. 3:53direct-to-consumer, they're definitely
  120. 3:55in sort of a lower-priced
  121. 3:58uh bracket, I guess, of all of the kind
  122. 4:00of different products being sold, but
  123. 4:01probably a higher-priced bracket if you
  124. 4:03compare them to say other pancake
  125. 4:04brands. Even though I can't think of a
  126. 4:06single other pancake brand, but I guess
  127. 4:07that's where research comes in later.
  128. 4:09Also, I'm going to back this up in just
  129. 4:10a second with a little bit of due
  130. 4:12diligence and research, but my
  131. 4:13understanding of most food-based
  132. 4:15services, most products and services of
  133. 4:17any kind, well, they tend to start with
  134. 4:19one core product and then they branch
  135. 4:20out, testing different things and seeing
  136. 4:22what other areas and what other products
  137. 4:24and services they can also offer. So,
  138. 4:26we're going to say, for the business
  139. 4:28model right now, it's a combination of
  140. 4:29both retail stores as well as
  141. 4:31direct-to-consumer. They're selling
  142. 4:33primarily lower-priced food consumable
  143. 4:36objects. So, once that part is covered
  144. 4:38and we've got all our notes and all of
  145. 4:39our details on that, well, it's time to
  146. 4:41move on to the next step, which is all
  147. 4:42about the market. Now, in my humble, but
  148. 4:45incredibly accurate opinion, the market
  149. 4:47is the single most important element of
  150. 4:49all of your marketing success. This is
  151. 4:51because the word market, well, it's
  152. 4:53baked right into the word marketing
  153. 4:54itself. This shows just how
  154. 4:56fundamentally important really
  155. 4:58understanding your market is, who they
  156. 5:00are, what they like, what kind of things
  157. 5:02they buy, what other things are going to
  158. 5:04influence their decisions. And the
  159. 5:06better you understand your market, the
  160. 5:08better you understand your customers,
  161. 5:09your clients, the people you're trying
  162. 5:10to serve, the better your business is
  163. 5:12going to do, period, full stop. There's
  164. 5:15a great expression that I love that says
  165. 5:16the customer doesn't buy when they
  166. 5:18understand, they buy when they feel
  167. 5:20understood. Now, I appreciate we're
  168. 5:22talking about pancakes here, so we don't
  169. 5:23have to get too emotionally deep, but
  170. 5:25you better be sure there's still some
  171. 5:27kind of connection, some kind of
  172. 5:29emotional appeal, some kind of draw that
  173. 5:32is pulling people towards these
  174. 5:33pancakes. In fact, even just a quick
  175. 5:35look at the box itself can already tell
  176. 5:38you a number of things about the brand,
  177. 5:40about the business. Look at how they're
  178. 5:42going for kind of a rustic appeal. Look
  179. 5:44at the color scheme, a mixture of kind
  180. 5:46of earth tones and red tones and things
  181. 5:49like that. Look at how it's kind of
  182. 5:51rough and kind of almost like this
  183. 5:53frontier element of the Wild West and
  184. 5:56gold panning and things like that. Not
  185. 5:58to mention the name itself, Kodiak
  186. 6:00Cakes. They're not calling them
  187. 6:01pancakes, which sounds a little bit, I
  188. 6:03guess, lighter and nicer. They're
  189. 6:04calling them cakes. And don't even get
  190. 6:06me started on Kodiak. I mean, this is a
  191. 6:08massive, monstrous grizzly bear that
  192. 6:10weighs, I don't even know, hundreds and
  193. 6:12hundreds of pounds. I mean, these things
  194. 6:13are terrifying. Now, based on my
  195. 6:16experience and my understanding of the
  196. 6:18market and the different markets that
  197. 6:20are out there right now, I'm probably
  198. 6:22pretty safe to say that the market that
  199. 6:24they're appealing to right now is
  200. 6:26probably a mixture of millennials around
  201. 6:28the ages of, if I had to guess, I'd say
  202. 6:30like 28 to 38, maybe putting them
  203. 6:33somewhere in like their early 30s would
  204. 6:35be the ideal demographic of this.
  205. 6:37Possibly either people that are thinking
  206. 6:39about starting a family, people that
  207. 6:41have a family and young kids that they
  208. 6:43need something relatively healthy for
  209. 6:45higher protein content, that kind of
  210. 6:47thing. Also, again, you'd of course want
  211. 6:49to back all of this up with appropriate
  212. 6:51customer research as well as competitor
  213. 6:52research, but again, my gut's going to
  214. 6:54say that we're probably steering more
  215. 6:56towards a female demographic, at least
  216. 6:59making the purchase. Now, this is
  217. 7:01typically just because of the split of
  218. 7:03who makes this kind of buying decision.
  219. 7:05However, even though the branding looks
  220. 7:07like it might be going for a more male
  221. 7:08demographic, you can be sure that the
  222. 7:11vast majority of say their followers or
  223. 7:13the people that engage with their
  224. 7:14content are going to be female. But
  225. 7:16again, I want to back all of this up
  226. 7:17later with research. All right, so now
  227. 7:19that we've got that covered, it's time
  228. 7:20to move on to step number three, which
  229. 7:22is all about message. So, the message of
  230. 7:25your marketing is all about really
  231. 7:27figuring out what kind of stories, what
  232. 7:29kind of words, what kind of language
  233. 7:31your customers use. What are their
  234. 7:33pains, their problems, their fears, and
  235. 7:35their frustrations, all the things I
  236. 7:36call their miseries, as well as what are
  237. 7:38all of their goals and their dreams and
  238. 7:40their desires and their aspirations,
  239. 7:41what I call their miracles, and then
  240. 7:43finding a way to help them bridge the
  241. 7:45gap. Now, of course, we're going to do
  242. 7:46research, like I keep saying, later to
  243. 7:48figure this out, but for now, there's a
  244. 7:50lot of information we can gain simply by
  245. 7:52looking at the box itself, simply by
  246. 7:54looking at the product that's being
  247. 7:56sold. I mean, seriously, we've already
  248. 7:57talked about the fact that it's kind of
  249. 7:59rugged-looking, and it's got a bear, and
  250. 8:01it's got some red and dark earth tones
  251. 8:02and things like that, but just look at
  252. 8:04the wording on the box right here. I
  253. 8:05mean, the very first thing that it leads
  254. 8:07with is protein-packed, which shows that
  255. 8:09what we're doing here is we're appealing
  256. 8:10to a more health and possibly
  257. 8:12fitness-minded individual. Next, it uses
  258. 8:14words like 100% whole grains, but not
  259. 8:17only that, it's using crafted with,
  260. 8:19which in itself is telling you a certain
  261. 8:21kind of sort of a certain kind of
  262. 8:23underlying tone about just the wording
  263. 8:26that they're using and the tone and the
  264. 8:28emotion and the attitude that they're
  265. 8:30trying to convey. I mean, crafted is
  266. 8:32very different than made with or added
  267. 8:35or it's got this stuff in it. I mean,
  268. 8:38this is crafted. Of course, we have the
  269. 8:40name Kodiak Cakes itself, but also right
  270. 8:41below that, you'll see power cakes,
  271. 8:43which in itself is a very powerful word,
  272. 8:45literally. And of course, they're not
  273. 8:47just pancakes, they're flapjacks and
  274. 8:49waffle mix, which just sounds a whole
  275. 8:50lot more cool. And once again, they're
  276. 8:52putting that protein content on it,
  277. 8:54which is reinforcing kind of the unique
  278. 8:56selling proposition or the value of what
  279. 8:58it is that they're delivering. So, from
  280. 8:59a messaging standpoint, I kind of like
  281. 9:02all of it. I mean, really, if I'm going
  282. 9:03through the model and I'm going to sell
  283. 9:05at retailers and direct to consumer,
  284. 9:07which is definitely where I would start,
  285. 9:08and I'm thinking through my market of
  286. 9:10millennials, probably young families,
  287. 9:12typically it's trying to appeal to say a
  288. 9:15male demographic, but we know that the
  289. 9:16female is going to be the primary
  290. 9:18shopper, so I'm I'm going to be gearing
  291. 9:20a lot of the language around that, and
  292. 9:22then I start moving into my messaging
  293. 9:23about protein and health and 100% whole
  294. 9:26grains and making it powerful and all of
  295. 9:29those things. Well, a very clear image
  296. 9:31is starting to form in my mind about
  297. 9:34what direction I'm going to be pushing
  298. 9:35this campaign, the kind of metaphors
  299. 9:38that I can use, the kind of
  300. 9:40images that I'm going to want to
  301. 9:42develop, the kind of branding and
  302. 9:44messaging around it, as well as the
  303. 9:46calls to action and the appeals, and the
  304. 9:48real the real push for this being a more
  305. 9:51filling, a more substantial, a more sort
  306. 9:54of a better way to start your day. In
  307. 9:55fact, I'm pretty sure that's already
  308. 9:57somebody's slogan or tagline, a better
  309. 9:59way to start your day. But if not, I'd
  310. 10:01be using it. Maybe the best way to start
  311. 10:02your day. Or maybe something like a
  312. 10:04better way to be ready for anything life
  313. 10:06throws at you. There's a lot of ways we
  314. 10:07could go with this one. Okay, so at this
  315. 10:09point we've got model pretty much dialed
  316. 10:11in. I'm going to definitely be gearing
  317. 10:12towards more direct-to-consumer just
  318. 10:14because of the complications involved
  319. 10:16with going through retailers. We've got
  320. 10:17our market pretty much figured out,
  321. 10:18millennials, young families. We've got
  322. 10:20our messaging figured out. Now it's time
  323. 10:22to move on to media. Where are we going
  324. 10:24to be advertising this, where are we
  325. 10:26going to be marketing this, what kind of
  326. 10:27marketing and advertising are we going
  327. 10:29to want to do? If you made it this far,
  328. 10:31congratulate yourself because you've
  329. 10:32gone through all of the hard stuff. Now,
  330. 10:34this is where we get to have a little
  331. 10:35bit of fun. We get to sort of polish
  332. 10:37things up and put them out to the world,
  333. 10:39make them creative, make them
  334. 10:41irresistible, and really connect with
  335. 10:43our market in a way that's going to give
  336. 10:44them a ton of value and make them desire
  337. 10:47and want what we have to sell. Now,
  338. 10:49fortunately, when it comes to choosing
  339. 10:50different media sources for this
  340. 10:52product, it's actually incredibly simple
  341. 10:54because we've already done the mental
  342. 10:56heavy lifting of identifying our ideal
  343. 10:59target market. We're going to say
  344. 11:00millennials, early 30s, men, women,
  345. 11:03probably more women. Well, this is
  346. 11:05pushing us towards platforms like
  347. 11:07Facebook, like Instagram. We might run
  348. 11:10YouTube ads, although the cost required
  349. 11:13to sort of get a conversion may not make
  350. 11:15sense given the lower price point of the
  351. 11:16product. I'm also probably going to be
  352. 11:18running some kind of Google ad. There's
  353. 11:20no reason that I wouldn't want to appear
  354. 11:23for a branded search term around my
  355. 11:26product. So, for example, if someone is
  356. 11:27searching on Google for protein
  357. 11:29pancakes, definitely Kodiak Cakes,
  358. 11:32anything like that, I want my brand to
  359. 11:35appear. So, we're going to run probably
  360. 11:37Facebook ads, Facebook organic
  361. 11:38marketing. We're going to run Instagram
  362. 11:40ads, as well as Instagram organic
  363. 11:42marketing. We're going to run Google
  364. 11:44ads, as well as probably have a decent
  365. 11:46search engine optimization platform
  366. 11:48built around different recipes and
  367. 11:51different lifestyle things that would be
  368. 11:53interesting to my market. So, just for
  369. 11:55fun, I figured, "Hey, why don't we put
  370. 11:56together a really simple social media
  371. 11:59campaign?" Probably take the logo, maybe
  372. 12:02animate a little bit, make some kind of
  373. 12:04a video, find some b-roll or stock
  374. 12:06footage of a bear coming around and
  375. 12:08making some sounds, and seeing if we
  376. 12:09could put together something that I'd be
  377. 12:11proud of to advertise my company. So,
  378. 12:13the first thing that I did, just headed
  379. 12:15over to Photoshop. Now, if you're not
  380. 12:16familiar with Photoshop, you can
  381. 12:18probably have this done on Fiverr or
  382. 12:20Upwork or get somebody else in your
  383. 12:22company to do it. It's really not too
  384. 12:23complicated. All you really have to do
  385. 12:25is make a selection of the main parts
  386. 12:28that you want to remove or to animate,
  387. 12:30and then you can simply cut it out. So,
  388. 12:31you can see what I've done here is I
  389. 12:33animated or cut out the bear here, which
  390. 12:35allows me to then bring him back in
  391. 12:37later. We can use content-aware and
  392. 12:39simply replace the background, but you
  393. 12:41can see that I sort of did this in
  394. 12:42different layers, starting from that
  395. 12:44main logo. And that then gives me the
  396. 12:46freedom to go into, in this case, Final
  397. 12:49Cut Pro, which is my video editing
  398. 12:50software, and start to animate a bit of
  399. 12:52a commercial around it. All right, so
  400. 12:54then what I did is I took that over and
  401. 12:56I moved it into Final Cut Pro, and you
  402. 12:58can see that all I've done is I've taken
  403. 13:00the box, I've animated it, so it drops
  404. 13:02in with a little bit of smoke, and then
  405. 13:04I've got the bear rolling through, and I
  406. 13:06added just a little bit of a b-roll of a
  407. 13:09of sort of a bear walking through in the
  408. 13:10background, as well as those those
  409. 13:12ever-important bear sounds to make it
  410. 13:13that much more real. And in the end,
  411. 13:16this is what we get.
  412. 13:24Roar.
  413. 13:32So what I tried to do there is stick
  414. 13:33with kind of that frontier theme, try to
  415. 13:35make it a little more interesting. I
  416. 13:37went with the tagline of eat healthy,
  417. 13:39even though after we've just talked
  418. 13:40about this 3-day I might go with
  419. 13:41something like preparing yourself for
  420. 13:43the day or whatever it is. There's got
  421. 13:45to be some kind of bear cliche pun
  422. 13:47metaphor something something. I'm barely
  423. 13:49able to think right now. All right, so
  424. 13:51with the media section out of the way
  425. 13:52it's time to move on to the final piece
  426. 13:54of the puzzle which is all about the
  427. 13:55machine. This is how you're actually
  428. 13:57going to go about selling these things.
  429. 14:00Now given the price point it simply
  430. 14:02doesn't make sense to have some kind of
  431. 14:03elaborate campaign with all kinds of
  432. 14:05multiple steps. I mean these are not
  433. 14:07decisions that someone needs a lot of
  434. 14:09time to think about sort of evaluating
  435. 14:11the pros and cons of different protein
  436. 14:13packed pancake brands. However, still
  437. 14:15got to be smart about it which means
  438. 14:17that I'm still really in love with this
  439. 14:19direct-to-consumer idea selling them
  440. 14:21from my own website taking control of as
  441. 14:23much of the distribution as possible
  442. 14:26until it doesn't make sense logistically
  443. 14:28later on. So for my machine what I'm
  444. 14:31going to do here is I'm probably going
  445. 14:32to run those Facebook ads, Facebook
  446. 14:34organic content, Instagram ads,
  447. 14:36Instagram organic content, as well as my
  448. 14:38Google ads direct to a sales page for a
  449. 14:42product. Now one of the biggest and most
  450. 14:44important things to consider when you
  451. 14:46are running ads or running any kind of
  452. 14:48content to a landing page selling
  453. 14:50anything is you want to stick to one
  454. 14:52single thing at a time. Meaning I'd want
  455. 14:54to identify what my best seller is. In
  456. 14:56this case, well I've only got the one
  457. 14:58kind of Kodiak Cake in the pantry, so
  458. 15:00that's what we're going to be going
  459. 15:01with. But if I had all kinds of
  460. 15:02different products and offers, you want
  461. 15:04to do one at a time. You don't want to
  462. 15:06send them to your home page and
  463. 15:07overwhelm people with a ton of different
  464. 15:09options. They're just going to get
  465. 15:11confused, they're not going to buy
  466. 15:12anything, and they're going to leave. In
  467. 15:13fact, there's countless studies being
  468. 15:15done on this. It's a psychological
  469. 15:16phenomenon known as the paradox of
  470. 15:18choice where essentially when you give
  471. 15:20people way too many different decisions,
  472. 15:22they don't make any. They just walk
  473. 15:23away. And actually even worse, if they
  474. 15:25do happen to make a decision, they're
  475. 15:27overall less satisfied with the decision
  476. 15:29that they made. They second-guess
  477. 15:31themselves. They think it's worse. So,
  478. 15:32long story short, sell one thing at a
  479. 15:34time. All right. So, now that I've got
  480. 15:35my complete marketing campaign built up
  481. 15:38from model to market to message to media
  482. 15:39and machine, well, it's time to put this
  483. 15:41to the test. Let's do a little bit of
  484. 15:43research into Kodiak Cakes themselves.
  485. 15:46Let's figure out how much of this was
  486. 15:47sort of in line with what they're
  487. 15:48currently doing. Maybe it'll spark some
  488. 15:50ideas for other things that they could
  489. 15:52do, or maybe there were some areas that
  490. 15:54I missed. And the best place to do this,
  491. 15:56and the best place to start, is to
  492. 15:58simply go to their website and see what
  493. 16:00they've got going on. So, let's hop in
  494. 16:01the computer now. Take a look. All
  495. 16:03right. So, here we are on the Kodiak
  496. 16:05Cakes website. And in fact, we're going
  497. 16:08to be able to get some pretty good
  498. 16:09information here right away about the
  499. 16:10model, the market, the message, the
  500. 16:11media, and the machine, probably just
  501. 16:14from this one website alone. So,
  502. 16:16starting off, let's do a quick scan
  503. 16:20through. And we can see that there are a
  504. 16:21number of different products. So, in
  505. 16:24fact, if we go to open
  506. 16:26and see all these different products,
  507. 16:28holy moly, we got a bunch. We got muffin
  508. 16:31cups and power cakes and all kinds of
  509. 16:35other stuff. Baking variety packs. I
  510. 16:37mean, they've got a whole bunch of
  511. 16:38different stuff. So, this is clearly
  512. 16:41sort of the different product line, but
  513. 16:42you can see the price point. $5.90,
  514. 16:44$5.50, $2.40.
  515. 16:46This baking variety pack is $30. So,
  516. 16:49we're not talking about massive, massive
  517. 16:51amounts of money, which means that it's
  518. 16:53very likely that their success of their
  519. 16:56business model is going to be built on
  520. 16:58retention and on recurring revenue, on
  521. 17:01people getting hooked on Kodiak Cakes,
  522. 17:03which which admittedly our family kind
  523. 17:05of is. So, it's like this is something
  524. 17:06that you buy and you eat every single
  525. 17:08weekend as a or maybe even every single
  526. 17:10day based on all of the different kind
  527. 17:12of things that they have. They're
  528. 17:13showing a lot of good social proof with
  529. 17:1550 reviews and 40 reviews on that one
  530. 17:17and 14 reviews and so on and so forth.
  531. 17:19So, the model seems solid from that
  532. 17:22point. And of course, you can buy them
  533. 17:24all online. It obviously doesn't show
  534. 17:27here that they're sold in different
  535. 17:29stores, but I know firsthand that they
  536. 17:30are. So, we are using a couple different
  537. 17:32distribution strategies. We're using
  538. 17:34direct-to-consumer selling through the
  539. 17:35website as well as through retailers.
  540. 17:38All right. Now, figuring out the exact
  541. 17:40target market based on a website is a
  542. 17:42little bit trickier. Rarely is a company
  543. 17:44going to say out
  544. 17:46just come out on the website and be
  545. 17:47like, "We're for this kind of person and
  546. 17:48this kind of thing." Especially with
  547. 17:51mass market appeal like this. So, let's
  548. 17:54go over to Google and it's amazing
  549. 17:56sometimes what you can find when you
  550. 17:57type in like who is the target market of
  551. 18:00this brand or who is the target market
  552. 18:02of this business or anything like that.
  553. 18:04I mean, Google's got a ton of info. So,
  554. 18:06let's see what they got. All right. So,
  555. 18:08a quick search for Kodiak Cakes target
  556. 18:10market shows us that the most part their
  557. 18:14average age is 31. They're the target
  558. 18:16market.
  559. 18:18Looks like this is based on the average
  560. 18:21age of the person on the team and it's
  561. 18:23showing that yeah, right. Well, this is
  562. 18:24the age of the target market which kind
  563. 18:25of fits in line with what my guess was,
  564. 18:28what my hypothesis was. I'm kind of a
  565. 18:30millennial between the ages I can't
  566. 18:32remember what I said exactly was say 28
  567. 18:34to 38, 28 to 40, somewhere in that
  568. 18:36range, early 30s. That's really what
  569. 18:38we're going for. I mean, just the tone
  570. 18:41and the style and the branding alone
  571. 18:42kind of guides you in that direction,
  572. 18:44but this kind of really
  573. 18:46really solidifies that, backs it up. All
  574. 18:48right. And to do a little bit of a
  575. 18:49deeper search, we'll also type in Kodiak
  576. 18:51Cakes demographics to find out what are
  577. 18:53the demographic details of the market
  578. 18:55and it looks like at least based on
  579. 18:58social media following, 68.6%
  580. 19:02of the followers are female, 31.4% are
  581. 19:05male. Again, this kind of backs up the
  582. 19:09the demographic, the thought that I had
  583. 19:11around who is it going to be. It's going
  584. 19:13to be kind of an even split between male
  585. 19:14and female. Females are more inclined to
  586. 19:17be making these kind of purchasing
  587. 19:19decisions for the household, especially
  588. 19:21with younger families. This is just sort
  589. 19:23of stereotypical behavior that we see
  590. 19:25with different demographic profiles. So
  591. 19:27again, it kind of backs it up. They're
  592. 19:28also more likely to engage on social
  593. 19:29media. So it may not be the most
  594. 19:31accurate statistic, but at least again,
  595. 19:33points us in the right direction for the
  596. 19:35market. All right, next up we have
  597. 19:37message. What are they trying to say?
  598. 19:38Now of course we were able to deduce a
  599. 19:40number of very valuable takeaways just
  600. 19:42from the box of Kodiak Cakes itself.
  601. 19:44However, when we come to the website,
  602. 19:46this is all reinforced, right? I mean
  603. 19:48again, we've got the branding. We've got
  604. 19:49kind of this old school heritage, almost
  605. 19:53hipster vibe to it. We've got the way
  606. 19:55that the logo looks with the kind of
  607. 19:57wood paneling background. We have snack
  608. 19:59adventurously. That's a good tagline. I
  609. 20:01like that one. Should use that one.
  610. 20:03We've got their call to action here or
  611. 20:06their sort of sub head being short on
  612. 20:07time to whip up a snack. Grab an on the
  613. 20:09go granola bar. Da da da da da. Again,
  614. 20:11it sounds totally sounds like I'm
  615. 20:12working for Kodiak Cakes. This video is
  616. 20:14not sponsored, but um
  617. 20:16but I do like their pancakes. So again,
  618. 20:18those are decent. Call to action shop
  619. 20:20flavors. Whole grains taste better. Uh
  620. 20:23they're they're talking about their
  621. 20:24unique selling proposition here again.
  622. 20:26100% whole grains, protein packed,
  623. 20:27non-GMO. All things that their
  624. 20:29demographic would care about. Um really
  625. 20:31cool imagery again. Really like the the
  626. 20:34imagery and the branding. Do more with
  627. 20:36your meal.
  628. 20:38Wildlife conver- conservation. That's
  629. 20:40good. How do you conquer the frontier?
  630. 20:42Oh yeah, so there we go. Some frontier
  631. 20:44actual admission of the word which I
  632. 20:46like. Get news and deals without having
  633. 20:48to forage. So they're really really
  634. 20:50doubling down on this whole bear theme,
  635. 20:52which I like. I mean if this is your
  636. 20:53brand, this is what you're going for.
  637. 20:54They're based, looks like here out of
  638. 20:55Park City, Utah. So of course everything
  639. 20:58like that is going to line up. All of
  640. 20:59that works fine. And in fact, while
  641. 21:01we're down here, this will lead us
  642. 21:02nicely to the next point, which is all
  643. 21:04about media. So if you remember from
  644. 21:06just a few minutes ago when I was
  645. 21:07talking about media thinking about kind
  646. 21:09of our our millennials in their early
  647. 21:1030s, mostly female, bit of a split
  648. 21:13between men, I mentioned Facebook with
  649. 21:16um organic and paid, talked about
  650. 21:18Instagram organic and paid, talked about
  651. 21:20possibly running YouTube ads as well as
  652. 21:22Google ads. Well, a simple look down
  653. 21:24here and you can see that, all right,
  654. 21:26they're linking out to a Facebook
  655. 21:27profile, which is very common.
  656. 21:29Pinterest, didn't think about that one,
  657. 21:30especially with a female demographic and
  658. 21:32recipes, that's kind of a slam dunk. Uh
  659. 21:35Instagram, yes. Twitter, and we'll open
  660. 21:37that in just a second. My gut would say
  661. 21:39that's probably not their most lucrative
  662. 21:41marketing channel based on the demo that
  663. 21:43they're trying to go after, but it's
  664. 21:45still there. But, there's another little
  665. 21:47trick that I've got up my sleeve as well
  666. 21:49to find out if they're running Facebook
  667. 21:51ads and if they're running Google ads,
  668. 21:53and that is through something called the
  669. 21:55Facebook Pixel Helper and then Google
  670. 21:57Tag um
  671. 21:59Assistant here. So, let's start with
  672. 22:01Google Tag Assistant right at the top.
  673. 22:03This is a free Chrome plugin that you
  674. 22:04can just install on your browser and
  675. 22:06it'll show you what tags are visible or
  676. 22:09what tags are installed on different
  677. 22:10websites. And you can see that on Kodiak
  678. 22:12Cakes website, we've got, obviously,
  679. 22:14their Google Site Tag. We've got
  680. 22:16conversion tracking. We have ads
  681. 22:18remarketing tags. We have analytics, of
  682. 22:21course, and Google Tag Manager, which
  683. 22:23makes sense. But, it's these remarketing
  684. 22:24tags that are interesting because what
  685. 22:26this means is it's a very smart strategy
  686. 22:29to not only be advertising to people who
  687. 22:31are searching for your brand and
  688. 22:32business, but also running remarketing
  689. 22:34ads. Meaning, you're targeting only who
  690. 22:36have visited your site before and have
  691. 22:38then been cookied with the pixel on your
  692. 22:40site. So, this is good to see and it
  693. 22:42also kind of confirms they are indeed
  694. 22:43running those Google ads. And then, of
  695. 22:46course, using Facebook Pixel Helper, and
  696. 22:49we can see that, yes, indeed, they do
  697. 22:51have the Facebook Pixel installed on
  698. 22:53their site. That's what this little
  699. 22:54green thing here is and you can confirm
  700. 22:57one pixel found on Kodiak Cakes. So,
  701. 22:59again, they at least have their Facebook
  702. 23:01Pixel installed. Now, we could double,
  703. 23:03triple confirm this by going over to
  704. 23:04Facebook, clicking at their Facebook
  705. 23:05page, looking through page transparency,
  706. 23:08and seeing it if they're running ads and
  707. 23:10what ads those are as well to really
  708. 23:12back this up. All right, well, on that
  709. 23:14note, there's no way that I'm not going
  710. 23:15to let my curiosity get the better of
  711. 23:17me, so let's head over to Facebook and
  712. 23:19uh and we'll look up the Kodiak Cakes
  713. 23:21page now to see if they're running ads.
  714. 23:23All right, so here we are on the Kodiak
  715. 23:25Cakes Facebook page. Now, you can do
  716. 23:28this with any single company, any
  717. 23:31competitor that you want to do research
  718. 23:33for to find out if they're running ads
  719. 23:34and what those ads say as well. All you
  720. 23:36need to do is go over to the page,
  721. 23:38scroll on down to this section here
  722. 23:41called page transparency, click see all,
  723. 23:44and right here you'll see ads on this
  724. 23:46page. This page is currently running
  725. 23:47ads, but it gets even cooler. We can go
  726. 23:49to ad library,
  727. 23:51and it's going to open up the ads that
  728. 23:53are currently running. Now, it looks
  729. 23:55like we've got just Canada selected, so
  730. 23:57we'll select all,
  731. 23:59and it still looks like it's not showing
  732. 24:02in this case. So, no ads to take a look
  733. 24:04at or gain any information from, but
  734. 24:06definitely feel free to use this for any
  735. 24:07other competitors that you want to be
  736. 24:09taking a look at. All right, so at this
  737. 24:10point we've backed up their model, we've
  738. 24:12talked about their market, their
  739. 24:13message, their media. The last thing is
  740. 24:15the machine, and of course, this one is
  741. 24:18also hard to deduce just from a website,
  742. 24:20but again, we can see that they are
  743. 24:22using a direct-to-consumer model based
  744. 24:24on the fact that they have this shopping
  745. 24:26ability to add to cart, to make the
  746. 24:28purchase right there on the website. So,
  747. 24:30clearly we know that they're available
  748. 24:31in different retail stores, but they're
  749. 24:33also selling direct to consumer, and
  750. 24:34they have a number of different products
  751. 24:36available just like that. All right, so
  752. 24:39with all that said, that is a literal
  753. 24:41complete marketing strategy, and that
  754. 24:43marketing master plan framework of
  755. 24:44model, market, message, media, and
  756. 24:45machine is something you can apply to
  757. 24:48everything that you do moving forward.
  758. 24:50So, in order to make this even more
  759. 24:52effective, and in order to set yourself
  760. 24:54for even more success in in future, the
  761. 24:55next thing you're going to want to do is
  762. 24:57check out the video I've got linked up
  763. 24:58right here on digital marketing. So,
  764. 25:00make sure to check that out now, and
  765. 25:02I'll see you in the next video. All
  766. 25:03right, the next thing that'll really
  767. 25:04help you become a better digital
  768. 25:06marketer is to understand the
  769. 25:07differences between strategy and
  770. 25:09tactics, and when to use them. Strategy
  771. 25:12is all the big picture stuff, and this
  772. 25:14is really where you want to focus

About this transcript

This page contains the full transcript of Watch Me Build a Marketing Strategy in 20 Minutes For a Completely Random Business by Adam Erhart, generated from the public captions YouTube serves with the video. The transcript has 5,347 words across 772 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.