How To Build A Marketing Technology Stack

June 29, 2022

Businesses leverage numerous sophisticated digital channels—from social media to email marketing—to reach and engage their target audience. With the right tools, your marketing team can fully utilize these digital channels and bring better results. 

Thus, building an effective technology stack has become integral to effective marketing practices. In this article, you’ll learn the basics of a marketing technology stack and how you can build an effective one for your business. 

 

 

Understanding Marketing Technology Stack

Marketing technology, or martech for short, refers to the technology and software used by marketing teams to attract, convert, and retain customers. These tools help increase your marketing team’s productivity by automating and streamlining the marketing process. These tools can also help marketers analyze the success of their marketing efforts. 

In that sense, it’s called a technology stack when you put the different marketing technology together. Simply put, a marketing technology stack is a collection of tools that your team uses to do their work every day. 

Thus, you must choose the right tools and build a stack that works best for your team. 

 

6 Steps To Building A Marketing Technology Stack

There’s no one-size-fits-all method for building a marketing tech stack for your company. However, with numerous software and tools to choose from, it can be challenging to develop a marketing technology stack that works best for your team. 

With that in mind, here are a few necessary steps to help you build the best martech stack for your unique business needs:

 

1. Consult The Experts

Building your business’s marketing technology stack from scratch can be daunting and time-consuming, especially if you have little to no experience with this concept. Whether you want to save yourself from trouble or seek professional advice, hiring experts like OSG USA Managed IT services can help you take the first step.

Depending on the service you need, working with a managed IT firm allows you to streamline the whole process—from planning and procurement to implementation, maintenance, and support. This way, you have more time to work on other important things or get expert assistance from your marketing and IT teams for successful implementation.

 

2. Determine Your Marketing Strategies And Goals

Your marketing tools can help streamline your marketing process. However, their real value lies in the approach and strategy it enables and how they can impact the desired results of your campaign. 

Before you start listing which marketing tools to include in your stack, it’s critical to determine your marketing strategy. Your strategy doesn’t have to be complicated. However, you must develop your plan around your offerings, your target audience, and how you can reach them. 

Jot your current strategies and include ideas for potential software that you can use to implement these marketing strategies. If you don’t know which software you use, you can write that to your list until it’s time to research the right tools.

 

3. Identify Challenges

In this step, you need to determine specific gaps your marketing team faces. Thus, you need to schedule a meeting with your marketing staff and find potential challenges that slow down their daily duties.

What makes their job more difficult? Which is the most time-consuming process?

By discussing strategy with your marketing team, you can gather insights on the right tools to help increase job productivity. After all, your marketing team is the primary user and benefactor of the marketing tech stack you’ll implement in your business, so it’s best to ask the users for input. 

 

4. Set A Budget

 

The cost will always be a critical factor in every business purchasing decision. Even more so in building a martech stack since some tools and technology tend to be expensive. In general, you’ll have to spend hundreds of thousands of dollars a year on your marketing technology, depending on the size of your business and use case. 

Before fielding offers from different tech companies, you need to set a budget and determine how much you can spend on each tool and your overall martech stack budget. This way, you minimize mistakes like spending too much on one software that prevents you from procuring two more tools you need to accomplish your marketing strategies and business goals. 

 

5. Do Your Homework

Once you have planned everything, it’s time to research the products you need to build your martech stack. First, you can browse blog posts that discuss different marketing tools to get a general idea of the tools you need and the best providers for each. 

From there, compare each provider in terms of pricing, features, product reviews, and general fit for your marketing team. Then, to make it easier, you can create a list of the tech tools you need and include pricing and an available product description. After that, you can refine your list until you find the top tools you should try out. 

Also, remember that you must prioritize your evaluations and comparisons of the platforms and vendors based on your marketing strategies and goals. That said, don’t just look at marketing-specific tools. You also need to consider the ‘generalist’ tools that can be useful for your marketing team. For instance, collaboration platforms and project management tools are just some of the few solutions you should consider researching and adding to your martech stack list. 

 

6. Implement And Adjust Accordingly

Once you’ve decided on the right software combination for your business, you can start implementing them. Your current IT team should help you during the implementation phase. Ensure an onboarding process and training for your marketing team to ensure a seamless transition. 

Over time, you should also audit the performance of your martech stack and adapt accordingly to support your business’s marketing goals and strategies. For example, you can scale and upgrade your tech stack accordingly. Similarly, you can cancel unused software subscriptions or replace them with a better solution.

 

Important Takeaways

Modern businesses need modern solutions to thrive. Thus, they rely on various tools and marketing technologies to reach and engage their target audience. That said, by integrating the right technologies and tools, you can create an effective marketing technology stack that’s working in tandem. This way, you can get a comprehensive view of your marketing efforts and customer journey.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Is Your Business Being Found Online?

Laptop Metrics Colorado

Free Digital Marketing Report ($150 Value)

marketing module lineWant to know how your business stacks up against the competition?

Read more articles about Marketing.

Is a Digital Marketing Course Worth the Money?

Completing theoretical courses in the digital marketing sector is different from actually implementing them in real-life situations. However, the structured approach to learning may help you improve your SEO/SEM skills.     Moreover, the course certificate...

Steering the Future of Digital Visibility

As an SEO specialist navigating the ever-changing digital landscape, I've watched the rapid evolution of search engine optimization tools and techniques with great interest. With each new development, I've seen the playing field shift and adapt, presenting both...

How To Maximize ROI on WordPress Hosting Solutions

WordPress is one of the undisputed kings of website creation platforms, powering a vast percentage of the internet. According to a 2023 report, WordPress powers about 45.8% of all websites on the internet. This is because of the ease of use and immense flexibility...

Jewelry Business Online Marketing Solutions: 5 Selection Tips

The jewelry business is undeniably competitive, hence the need for the best online marketing solutions. However, you must be good at selecting the best ones because you want efficient ones. Here are some tips to help you in the selection process.    ...

What Is An IT Consulting Company? Understanding Their Role In Business 

Businesses today find themselves in a space defined by rapid technological change. Whether it's streamlining operations, safeguarding data, or leveraging technology for growth, companies need expert guidance in this environment. Thankfully, information technology...

SOP Format-  Standard Operating Procedure Format Examples and Tips

Before we jump right into the correct format for SOP, let's start with the basics. SOP stands for Standard Operating Procedure. Imagine it as a recipe book for your business. Just like how a recipe guides you through making a dish, step by step, an SOP guides...

Understanding DMCA and Its Global Impact

Digital Millennium Copyright Act, abbreviated as DMCA, is a subset of the US Copyright Law. It protects content owners from copyright infringement. The Act defines the process to remove stolen content or material from the internet.   DMCA is an integral part of...

Cross-Functional Collaboration: How IT and Marketing Teams Can Thrive Together

The intersection of technology and marketing strategies creates a unique opportunity for synergy, enabling companies to innovate and adapt to changing market dynamics. Let's explore how these two departments can work harmoniously together, overcoming challenges and...

Read more articles about business.

Why Deleting Old Tweets Matters for Your Business Image

Why Deleting Old Tweets Matters for Your Business Image

In today's advanced digital world, a business's social media presence is a cornerstone of its brand image. As time gets trendier and people's tastes get more advanced, your social media, like Twitter, needs to get an upgrade, too.     Deleting old tweets may...

Share This