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What a credible digital marketing strategy looks like.

A digital marketing strategy is a document. Specifically, it is the artifact that lets a finance team, a product team, and a marketing team make the same set of decisions about where money goes. Here is what a credible one contains, and what has changed about the surface it has to account for.

Jessica Wells·12 min read

The fundamentals of marketing strategy have not moved in twenty years. The execution surface has moved dramatically in two. AI Overviews, attribution collapse, zero-click search, and signal loss have changed what a credible strategy document has to handle. The structure below is what we use with clients.

What a credible strategy document is, and is not

A credible digital marketing strategy is a written document that tells a non-marketing reader, in twelve pages or fewer, exactly what the marketing function is going to do, why, with what budget, against what assumptions, and how anyone will know whether it worked. It is a planning artifact, not a creative deck.

It is not a calendar of campaigns. It is not a list of channels. It is not a forecast of revenue. It is not a tone-of-voice document. Every one of those things may exist as a downstream output, but none of them is the strategy itself.

The structure: the nine sections that earn their place

A strategy doc that survives executive scrutiny tends to have the same nine sections, in roughly the same order. The order matters because each section sets up the constraints for the next.

  • Business context. What is the company trying to do this year, and how does marketing contribute? Two paragraphs.
  • Ideal customer profile. Who exactly are we marketing to, drawn from real customer data, not a workshop?
  • Positioning. What category are we in, what do we do differently, what is the alternative the buyer would otherwise pick?
  • Channel strategy. Which channels we are investing in, in what order, and why.
  • Budget allocation. Total spend, breakdown by channel, fixed versus variable, in-house versus agency.
  • Measurement framework. Leading indicators, lagging indicators, diagnostic metrics, and the dashboard that surfaces them.
  • Operating model. Who is doing the work, who owns each channel, what cadence the team operates on.
  • Roadmap. Quarter by quarter for the next year, what gets built, launched, tested.
  • Assumptions and risks. What would have to be true for this plan to fail, and how we would know.

Shift one: AI Overviews and the rewriting of search behavior

The framework of the strategy document is the same as it was five years ago. The chapters inside four of those sections have changed materially. A strategy written in 2022 that has not been revisited is almost certainly missing the right answers on the four shifts below.

Google now answers a large fraction of informational queries inside an AI-generated summary at the top of the results page, with source pages listed underneath. The traffic impact has been uneven and category-dependent. Transactional queries have lost relatively little. Informational queries have lost meaningfully more, with click-through rates softening for many top-of-funnel topics.

What the strategy section has to do: name the categories where AI Overviews appear most often for your target queries, name the content investments that survive (deep, original, expert content tends to be cited inside the Overview) versus the ones that do not (thin paraphrasable content), and set realistic expectations for what organic traffic growth looks like in the new SERP. SEMrush has published the most rigorous public dataset on Overview behavior across millions of queries; it is worth grounding the strategy in real numbers, not speculation.

Shift two: attribution collapse

The era of clean last-click attribution is over. Between iOS privacy changes, third-party cookie deprecation, server-side tracking gaps, and the increasing role of dark social (Slack, Discord, podcasts), most companies can no longer trace a closed deal back through a clean chain of touchpoints. The conversion model that worked in 2018 returns garbage.

What the strategy has to do: pick a measurement philosophy and stick to it. The two credible options now are media mix modeling (statistical inference from spend patterns to outcomes, suitable for businesses spending over $1M a year on marketing) or self-reported attribution (asking customers in your signup flow how they heard about you, suitable for businesses below that threshold). Hybrid approaches that combine the two are common. The wrong answer is to keep pretending the old last-click report tells the truth.

Shift three: zero-click search and the death of the brand search visit

A larger and larger share of search queries are resolved without a click. The user reads the AI Overview, gets the phone number from the Local Pack, sees the address in the Maps result, and never visits your site. This is genuinely good for the user and creates a measurement problem for the marketing team that was counting clicks.

What the strategy has to do: redefine what success looks like for branded and local queries. The new metrics are SERP visibility (are we showing up in the Overview, the Local Pack, the Knowledge Panel?), assisted conversion (did the unclicked impression precede a direct visit or a phone call?), and phone tracking (because the customer who got the number from the SERP and called you produced revenue without ever appearing in Google Analytics).

Shift four: signal loss and the diminishing return on lookalike audiences

The platforms that built their ad businesses on rich user data have lost a lot of that data. Meta's targeting precision has degraded. Google's audience signals have weakened. Lookalike audiences that produced 3x ROAS in 2020 produce a fraction of that today. The teams winning on paid social have responded by leaning harder on creative quality, broader audiences, and platform-native AI optimization.

What the strategy has to do: name the channels where signal loss has changed the economics, recalculate the unit economics you are planning around (the old CPA numbers are not coming back), and budget for creative as a meaningful line item rather than an afterthought. Forrester's research on B2B marketing consistently finds that creative quality has overtaken audience targeting as the largest driver of paid social performance.

The strategy you wrote three years ago was probably correct for its time. The platforms have moved. The measurement model is broken. The channel economics have shifted. Refusing to revisit the doc is not strategic discipline. It is sentimentality.
What we tell every team in a strategy refresh

How the strategy actually gets used: audience and cadence

A strategy doc that lives only inside the marketing team has failed. The audience is broader. The CEO needs to see how marketing connects to the business plan. The CFO needs to see the budget logic. The head of sales needs to see how marketing produces pipeline. The head of product needs to see how marketing positions the product. Each of those readers has slightly different questions, which is why the doc has to be readable end-to-end in under thirty minutes.

A useful test: send the strategy to one person in each of those four roles and ask them to summarize it back to you in three sentences. If their summaries match the strategy, the document is doing its job. If they diverge, the document is not specific enough.

The other half of how a strategy gets used is cadence. A strategy that gets written once and filed produces almost no value. A strategy that gets revisited once a quarter produces most of what good marketing planning is supposed to produce. The routine is small: pull the strategy doc, walk through it section by section, mark every assumption that has been validated, every assumption that has been broken, and every external change that has happened since the last review. The output is not a new strategy; it is a list of edits. Most quarters the edits are small (a channel reallocation, a new measurement metric, an updated ICP characteristic). Occasionally they are large (an entire channel exiting the plan, a positioning shift). The discipline of the revisit is what keeps the document from drifting into fiction.

The honest disclaimer

A perfect strategy document does not produce results. A flawed strategy that gets executed with discipline often does. The artifact matters less than the conversation it forces. Harvard Business Review's classic piece on strategy clarity is still the best argument that the test of a strategy is whether the team can articulate it in a sentence, not whether the deck is beautiful.

If the document above produces nothing else, it should produce a one-sentence answer to the question, "what is our marketing strategy this year?" If the team cannot answer that, the deck is fiction regardless of how many slides it has.

About Mining Wells

We're on a mission to fix bad marketing.

Maybe:

  • You are spending thousands on marketing tools, ads, and your website, with zero revenue increase to show for it.
  • Every campaign you have tried gets minimal results.
  • You have a great product that nobody seems to find.
  • You are getting interest, but it never converts to a sale.
  • You have a low retention rate.
  • You have been paying a marketing agency for over a year and have not seen results.

You are not alone. Many founders and leaders live with the results of bad marketing without ever finding the reason.

And often that is because it can be many reasons. Sometimes it is the wrong ICP, sometimes the wrong messaging, sometimes the wrong targeting chasing impressions.

We are here to take the hard guesswork out and provide that clarity before it is too late.

At Mining Wells, we help founders and leaders grow their businesses the right way.

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