One of the things I struggled with the most when I was a Marketing Manager at a SaaS company was learning how to set goals for our department. It sounds like a simple-enough task, but over time I came to see goal-setting as something of an art; it requires practice, constant refinement, focus and a little bit of playfulness (unless you want to drive yourself crazy).
Numerous questions swirled in my mind as I set (and re-set) goals for our marketing department:
How do you set goals that are challenging yet still achievable (is there an exact formula for this, like always shoot for x% more than last month)? How many goals should you set––one, three, six? Should you focus on a new goal every week, month, semester, quarter or year? If you’re a small company and you need to achieve quick growth, how do you pick which goal is most important when there are a billion urgent things that need to happen? How do you stay focused on your goals (once you’ve finally decided on them) and not let other stuff get in the way, like tempting partnership opportunities or new tactics you want to try out?
I got better at this over time, but it’s definitely still something I struggle with. One of the best ways to figure out how to do something is to find someone more experienced or smarter than you who is already good at it and study how they do it. So I reached out to several top marketers to learn how they go about setting goals that are actually achievable, and then stay focused on these goals and execute like nobody’s business.
Here’s what they had to say:
1. Shanelle Mullin, Director of Marketing at Onboardly
Shanelle Mullin has been working as a marketer since she was just 15 years-old (because who doesn’t decide to become an affiliate marketing expert at 15?), when she helped a three-person startup grow to a million dollar company.
Currently, she is the Director of Marketing at Onboardly, where she helps the company’s startup clients create revenue-generating marketing strategies.
“The key to setting achievable marketing goals is to spend time evaluating your current position. Many startups set lofty, unattainable goals and end up discouraged, which can be detrimental in the early days. On the other hand, some startups set easy, insignificant goals and end up missing out on growth potential.
Take the time to really understand your growth levels to date. If you run a popular blog and traffic has increased by 8-10% for the last four months, you know that a 12-15% month-over-month increase in blog traffic is a challenging yet attainable goal. Don’t be the startup that shoots for 20% or the startup that considers anything above 8% a win.
In terms of what types of goals you should be setting, it depends heavily on what stage your startup is in. Early on, focus on engagement goals and collecting feedback to validate your product or service. Later on, focus on growth metrics. There are no universals when it comes to metrics, unfortunately. What’s important is that your core goals are tied to major business objectives.
The single most important thing to remember about marketing goals is to stay focused. Choose 1-2 core goals that impact the bottom line and 3-5 supporting goals. Anything more than that will distract you from what’s most important (as will changing goals too often).”
“The key to setting achievable marketing goals is to spend time evaluating your current position.”
2. Noah Kagan, Founder of AppSumo & the OkDork blog
Noah Kagan is Chief Sumo at AppSumo, a company that connects businesses with great products that will help them succeed. He helped launch Mint.com as their Director of Marketing, and he was employee number 30 at Facebook. He also writes one of my favorite marketing blogs: OkDork, where he offers thorough, actionable advice on how to improve your marketing.
“The most important thing in setting a marketing goal is that it must be authentic. Two years ago I set AppSumo’s goal to help 1 million entrepreneurs. I genuinely knew in my heart I didn’t care about ever reaching that. This year with SumoMe.com we truly want our free marketing tool to reach a billion uniques. Why? Cause it sounds like a big, fun and huge challenge. That’s really us.
Overall there’s no “right” goal; you want something that isn’t easily achievable but also something that’s realistic so you don’t feel overwhelmed. We break our goal into a daily target so––even if our goal is a billion––we know on a specific day if we are on track; for example, in January when we had to be at 10,000 uniques a day.
A key thing with goals that I learned from Facebook is to only have one goal for a specific period of time. It helps with saying no to other distractions you will face during the year.
One HUGE caveat about setting goals is not depending on the goal for your happiness. Instead, you should enjoy the process of getting to the goal. Last year our goal was to sell 3,333 memberships of our How To Make A $1,000 A Month Business course, and on October 30th we got there. For the next two months I felt lost and unsure what to do since I had reached the finish line. It was a great realization––I learned how to focus on processes and enjoy the experience versus just trying to get to your goal.
To stay on track review these goals with your team or by yourself every Monday. If you’re ahead of schedule, keep doing more. Are you behind? If so, what do you need to change?
Get to work!”
“The most important thing in setting a marketing goal is that it must be authentic.”
3. Rand Fishkin, Founder of Moz
Rand Fishkin is the founder of Moz, which sells a powerful suite of inbound marketing tools and produces the popular Moz Blog. He’s been tinkering on the web since the early 90s, and for the past decade he’s immersed himself in the world of online marketing, from SEO to social media and content marketing. He now goes by the title Wizard of Moz.
“We do our planning on a quarterly basis and use a model that tracks our goals from core purpose ? vision/BHAG ? strategic initiatives ? tactics when building our roadmap. It looks like this:
In order to make sure our goals are realistic but still challenging, we use the Google model of OKRs, where the key results are always a stretch, and the minimum bar each quarter is to deliver on at least 70% of the planned improvements. It means that we overreach and are always pushing ourselves to perform.
Staying 100% focused on our goals is a constant struggle. We’re not great at this yet, actually :-) I think it’s one of the big challenges ahead and we’ll need to find ways to be more disciplined and focused.”
“The minimum bar each quarter is to deliver on at least 70% of the planned improvements.”
4. Ryan Holiday, Director of Marketing at American Apparel, Author & Blogger
Ryan Holiday is proof that the well-traveled path isn’t the only one that leads to success––he dropped out of college at 19 to apprentice under the strategist Robert Greene, and since then he has had an amazing career in marketing and publicity.
He is a media strategist for notorious clients like Tucker Max and Dov Charney as well as the Director of Marketing at American Apparel. He is also the author of Trust Me, I’m Lying: Confessions of a Media Manipulator, and my favorite book on marketing that I’ve read this year: Growth Hacker Marketing: A Primer on the Future of PR, Marketing, and Advertising.
“Look, at the end of the day the goal is: asses in seats. What’s critical is that the ways you’re doing it now don’t make it harder for you later. Look at Groupon and other such brands which grew terribly quickly but at the cost of the brand itself. As a marketer, rather than just some growth junkie, your goal is to drive trackable real results without ever letting those aims kill your long term prospects.”
“What’s critical is that the ways you’re doing it now don’t make it harder for you later.”
Boiling it Down
There’s a lot of great information there, so let’s do a recap. Here are my biggest takeaways from the responses above:
- Take time to truly understand your current position in order to set achievable marketing goals.
- Choose 1-2 core goals that impact the bottom line and 3-5 supporting goals. Anything more than that will distract you from what’s most important.
- Alternatively, try focusing completely on just one goal.
- Pick goals that you genuinely care about achieving (be authentic).
- Don’t just focus on the finish line; enjoy the process of achieving your goal.
- Set the minimum bar at delivering on at least 70% of the planned improvements each quarter.
- Even marketing superheroes like Rand Fishkin have trouble maintaining laser focus on their goals (phew).
- Make sure your short-term goals always support your long-term prospects.
Hearing from other marketers about how they approach goal-setting shows that there is no one silver bullet or perfect formula; how you set goals––not just what kind of goals you set––will be different for each company, product, team, manager and client. Nonetheless, simplicity, focus, authenticity, systems and the ability to consider both your short and long-term vision are key.
Now it’s your turn. What’s one tactic that has helped you set achievable marketing goals, and then stay focused on them?
About the Author: Chloe Mason Gray specializes in digital marketing and growth strategy for startups and intrepid entrepreneurs. Be sure to say hi to her on Twitter. You can also follow her on Google+.