We have discussed in a number of our webinars and articles about the changing buying behaviors of CISOs. In a survey conducted by YL Ventures, only 12% of CISOs reported that their companies have increased their budget for cybersecurity. 33% decreased and 54% maintained the budgets. It shows us that the chances of selling cybersecurity solutions to new companies are very scant. In order to do so, as a cybersecurity vendor you must bring your A-game to the table.
While the quality, price, ease of integration, and demand of the solution you are providing make a huge difference, advertising it to the right people in the right way cannot be undervalued either. Throughout the remainder of this text, you will learn about the importance of cybersecurity advertising and how you can make an effective cybersecurity advertising strategy for your solutions.
Generally speaking, CISOs are not the ones responsible for setting aside budgets for cybersecurity in the company. They present in front of the board of directors and get the approval for budgets. Now if you cannot convince a CISO about your cybersecurity solution, how can he/she convince the board to buy it? Here advertising comes into play. A top-notch advertising plan helps you ensure that your target audience understands what you are selling and why they need it.
Assuming that you have a cybersecurity solution that is in demand and is also priced competitively, we will spell out an advertising strategy that you can implement for your company. It includes insights from our experience dealing with clients and also the current industry practices that have been proven to give results. Let’s get started!
Defining a buying persona is something your marketing and product team will do for you. They will provide you with the ideal customer profile for the cybersecurity solution your company offers. It is imperative to devise a different advertising strategy for different personas. For example, if you are targeting the end users of the solution, you will focus more on the technical aspect of the solutions you provide (Compatibility, Integration, Customizability, etc). On the other hand, if the target audience is CISOs or C-suite executives you can put more emphasis on ROI and scalability.
The role of content in advertising is crucial for building trust and credibility. Content serves as the bridge between complex technical solutions and the end users or decision-makers. Following are the guidelines you should keep in mind when developing content:
The effectiveness of content can be maximized by tailoring it to the specific characteristics of different marketing channels. Here's how content may differ across various channels:
By strategically aligning content with the unique characteristics of each marketing channel, cybersecurity solution providers can ensure a cohesive and impactful advertising strategy that effectively reaches and resonates with their target audience.
Building a great story using the content is equally important. People, no matter which domain they come from, connect more with an advertising campaign if it has a story. For example, one of the finalists for the best cybersecurity marketing campaign in 2022 was Barracuda Network. They promoted their cybersecurity solutions with the “Don’t Pay The Ransom” campaign, hitting the pain point of the enterprises. You can check some of the best-performing cybersecurity advertising campaigns here.
One of the mistakes most cybersecurity marketing teams make is they don’t incorporate feedback from the ad campaigns to improve. A cybersecurity advertising campaign must be refined iteratively through feedback and results. You can look for the following key metrics to determine how your cybersecurity advertising strategy is performing:
Measure user engagement by tracking the percentage of clicks on different ads running across Google and social media. A poor CTR hints at the improvement needed in ad copy or targeting.
The conversion rate is determined by dividing the count of individuals who performed the desired action (such as signing up, downloading, or completing a contact form) by the total number of people who engaged with the ad. A decreased conversion rate may stem from a lack of alignment between the displayed ad content and the value proposition presented on the landing page.
Assess the financial performance by comparing costs to revenue generated from cybersecurity product or service sales. Often a campaign might generate awareness and traction but fail to bring in sales. This is where you might want to see if pricing is too high or if there is not enough demand for the product. You can discuss these possibilities with your management and optimize ROI.
You can save yourself from the hassle and cost of maintaining an in-house cybersecurity marketing team by partnering with Execweb. We are an executive network of CISOs and C-suite executives working in Fortune 500 companies. By joining our network, you will have access to CISOs who are actively looking for cybersecurity solutions. We facilitate 1:1 virtual meetings between vendors and security professionals. You can book a free consultation with one of our team members and learn more about our services.
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