Marketing is a crucial aspect of any successful business. It’s the process of promoting and selling products or services by understanding the needs and wants of potential customers. Whether you’re a small business owner or part of a large corporation, marketing is essential to attract and retain customers, increase revenue, and grow your brand. Thus, it is vital for one to understand what is big M marketing and its counterpart, small m marketing.

Big M marketing is a comprehensive view of marketing that encompasses every aspect of a company’s business processes to acquire its customers. How important is Big M marketing? 

According to Peter Drucker (who was considered the father of modern business management), “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself… The aim of marketing is to make selling superfluous.”  Basically, marketing is business

Despite this, many businesses and their leaders still view marketing narrowly. Marketing is more than advertising. Unfortunately, job descriptions for Chief Marketing Officers, Vice Presidents, Directors, and Managers of Marketing often focus on advertising, ignoring the other components of marketing, such as product development, pricing, distribution, and customer care.

Marketing is a complex and multi-faceted discipline that requires a lot of strategic thinking and hard work. Big M marketing is about markets, buyers, and finding market problems that need to be solved.

At its core, big M marketing is about understanding the needs and desires of your customers and finding ways to meet those needs in a way that is profitable for your business. This requires a deep understanding of the market you operate in, the customers you serve, and the competitive landscape.

To be succeed in big M marketing, businesses need to be strategic and thoughtful. This means taking a long-term view of the business and thinking carefully about the direction one wants to take. Data analysis will need to be performed, then one will need to make informed decisions based on that data. Also, one will need to be able to think creatively and come up with innovative solutions to the problems their customers face.

We now understand that big M marketing refers to strategic planning that aims to unify all the moving parts of marketing with a common vision and goal. But what about small m marketing? 

In marketing, tactics are often referred to as “small m marketing” activities. Big M marketing seeks to answer the following questions:

  • Which markets are suitable for the business to target?
  • Which tactics are effective in reaching those markets?
  • Which branding and messaging would strongly appeal to those markets? How can the business communicate its identity and value effectively?
  • How should these strategies progress in the upcoming years?

On the other hand, small m marketing asks: 

  • What’s the most effective way to generate leads?
  • How can we enhance engagement with the target audience?
  • Which platforms are most effective for producing desirable outcomes?
  • Which marketing tools facilitate the execution of strategies in the most efficient manner?
  • What insights can be gained from the data, and how should they influence future endeavors?

Clearly, big M and small m marketing go hand-in-hand in helping businesses secure leads and convert them into paying customers. For small businesses and startups, though, they may be unsure of how to get started with big M marketing. This is where a fractional CMO agency with big M marketing experience comes in. 

How a B2B Internet Marketing Agency Implements Big M Marketing

Before we discuss how a B2B internet marketing agency would implement big M, let’s first define B2B and understand how it differs from B2C. 

B2B marketing involves selling products or services to other businesses, rather than directly to consumers. The focus is on building long-term relationships with other businesses, understanding their needs, and providing solutions that help them achieve their goals. B2B marketing tactics may include networking events, industry conferences, email marketing, and targeted advertising.

On the other hand, B2C marketing involves selling products or services directly to consumers. The focus is on building brand awareness, creating emotional connections with consumers, and convincing them to make a purchase. B2C marketing tactics may include social media advertising, influencer partnerships, direct mail campaigns, and experiential marketing events.

As was previously mentioned, big M marketing is the core function of setting the strategy and tactics for a business. Thus, a small B2B business that employs a B2B internet marketing agency can expect assistance with the following strategies

  1. Creating a company website: Through a website, businesses get to showcase their products and services, highlight their unique selling proposition, and establish their credibility.
  2. Using Search Engine Optimization (SEO) and content marketing: SEO and content marketing are some of the most cost-effective ways to attract traffic to a website. These strategies involve creating quality content that is optimized for search engines, which in turn helps businesses rank higher in search results. Though it may take time, the best internet marketing agency will enable a business to rank well on search engines, providing free, long-term traffic.
  3. Integrating offline and online marketing: This refers to using both digital and traditional marketing channels to reach a wider audience. It includes tactics such as print advertising, direct mail, and attending industry conferences and events.
  4. Tapping into social media marketing: Social media is a powerful tool for B2B marketing, as it allows businesses to reach a wider audience, engage with customers, and build brand awareness.
  5. Considering PPC campaigns: Pay-per-click (PPC) campaigns are a form of digital advertising where businesses pay for clicks on their ads. Using PPC campaigns, businesses can drive qualified traffic to a website and generate leads.
  6. Redefining business targets: A  B2B internet marketing agency can help a business review its target market and adjust its big M marketing accordingly. The agency should help identify the most profitable segments and focus its efforts on them. This involves understanding the needs and pain points of the target audience and creating marketing messages that resonate with them.

Contact us here if you would like to find the best fractional CMO for your business.

Can a Marketing Agency Consultant Apply Big M Marketing for Your Business?

Before we conclude, it is worth asking: can a marketing agency consultant apply big M marketing for your business? We now understand that big M marketing involves strategic marketing practices to acquire customers for a business. Thus, to answer the question, it depends on the marketing agency consultant you choose. 

Ideally, one should look for a B2B internet marketing agency that understands the strategies mentioned in the previous section. Additionally, the top B2B marketing agencies also understand the importance of a marketing mix, which are product, price, place, and promotion.

By choosing an agency that understands all of the above, you can rest easy knowing your marketing agency consultant will effectively apply big M marketing for your business. 

The Future of Big M Marketing 

Marketing has always been a crucial component of any business, but in today’s rapidly changing world, the role of the marketer is evolving. The pandemic has accelerated the adoption of online business models, which means that digital marketing and big M marketing expertise is no longer just a desirable skill; it’s a necessity. 

Thus, marketing leaders must possess digital fluency. This means not just an understanding of the latest digital marketing technologies but a deep understanding of how digital technologies are transforming consumer behavior and the overall business landscape. 

Leaders must be able to translate this knowledge into effective big M marketing strategies that help businesses stay ahead of the curve. Those who can successfully do so will thrive in the years ahead.

For more on recent trends in digital marketing, read our blog and talk to us if you are considering hiring a fractional CMO.