Tag Archives: #webinars

January 16, 2013 · 11:32 am

Is Your B2B Firm REALLY Marketing…Or Simply Making Tactical Soup?

Is Your B2B Marketing a Tactical Hodge Podge?

B2B firms invest significant dollars and hours maintaining a broad range of marketing tactics that may or may not demonstrate economic value. Often, the value of marketing activity gets measured in tactical terms—such as volume of media exposure, website traffic, webinar attendance, email click-through rates, awards for civic participation and social media “Likes” and “Followers,” rather than by tangible business outcomes such as lead generation, conversion rates, acceptance of new service offerings among existing clients, or revenue per associate.

When this situation exists, a B2B firm is not marketing; it’s simply making Tactical Soup.

Here are 3 steps to get out of the soup kitchen, or to avoid it altogether:

1. Put every marketing tactic under the microscope. If there’s no tangible connection between a current marketing tactic and bona fide business results, throw it out. Be ruthless in your tactical assessment and focus on marketing initiatives that demonstrate a direct correlation between activity and a measurable business outcomes.

2. Calculate the value received from the marketing activity. Press releases and related media exposure is a good example of marketing activity that is often overrated in terms of effort vs. tangible outcome. Unless your firm has accomplished something truly noteworthy—like discovering your profession’s equivalent of cold fusion—then the likelihood of your clients, prospects and referral sources actually noticing the media exposure and doing something about it, such as visiting your firm’s website or requesting an introductory meeting, is probably low. Exposure that’s largely based on a firm’s achievements delivers little practical benefit to existing clients and may leave them wondering if such self-promotion will result in higher client rates and fees.

3. Schedule ongoing maintenance of the activity. Unfortunately, many B2B marketing tactics are often one-off or plug-and-play solutions. Blogs and newsletters demand original, timely content; not canned information. White papers and case studies become quickly outdated. Website effectiveness requires ongoing attention to visitor traffic analytics and search engine optimization. Webinars and public forums entail lead qualification and follow-up with prospects. Email and direct mail campaign accuracy depends on a reliable and accessible database. LinkedIn, Twitter and Facebook must be updated regularly to stay relevant. Before embarking on these activities, make sure you have the time and resources to dedicate to their maintenance.

THE PAYOFF

B2B firms can avoid the pitfalls of tactical soup by being selective in the type and volume of marketing tactics they apply. Most importantly, they must identify a specific and measurable strategic outcome in advance of any tactic’s design or application. For example, a 25-person CPA firm with an emerging practice among medium-size, privately held businesses sought to add a pharmaceutical company to its client list. Leveraging the life science industry background of one of its senior partners, the firm proposed and published a bylined article on Sarbanes-Oxley (SOX) revenue-recognition compliance—a supply chain issue of great interest and value to pharmaceutical industry executives—in a leading life science publication with more than 35,000 print subscribers and an even greater number of online readers.

Instead of simply posting the bylined article on its website and adding article reprints to its marketing kit, this firm understood three important considerations regarding the real value of media placement as a marketing tactic:

The article’s content was not as valuable as the firm’s indirect affiliation with a respected pharmaceutical industry publication.
On its own, publication of the article was unlikely to generate any viable, near-term new business prospects.
For the firm to benefit from the credibility associated with publication of its partner’s life sciences expertise, it would need to proactively merchandise this inherent 3rd party endorsement.

Now that its marketing toolbox contained validation of the senior partner’s intellectual capital in a leading vertical trade magazine, the firm leveraged the value of that exposure. It used the article reprint as the cornerstone of a direct mail campaign designed to raise awareness of the firm and to initiate substantive conversations with CFOs at pharmaceutical firms matching the criteria of prospective clients it had targeted—in terms of geography, ownership, revenue growth, number of employees and apparent levels of sophistication.

The firm’s mailing included a hard copy, personalized cover letter to those targets, offering to provide a pro bono analysis of the prospect’s SOX exposure, which was followed by a courtesy phone call designed to measure levels of interest and to schedule an introductory meeting. Over the course of this six-month campaign, which effectively combined two marketing tactics—media exposure and direct mail—this accounting firm netted two new pharmaceutical industry clients.

Instead of generating marketing activity for its own sake, this B2B firm effectively applied specific marketing tactics to yield a predetermined business outcome.

Tactical Soup was not on this B2B firm’s marketing menu, and it has no rightful place on yours.

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Tagged as #content marketing, #CPA firms, #LinkedIn, #marketing, #PR, #publicity, #SEO, #thought leadership, #webinars, B2B marketing, Blogs, business outcomes, bylined articles, conversion rates, direct mail marketing campaign, Facebook, inherent 3rd party endorsement, lead generation, marketing communication, marketing counsel, marketing craftsmanship, marketing initiatives, marketing ROI, marketing strategy, marketing tactics, media exposure merchandising, new business development, New Jersey PR firms, PR strategy, public relations, public relations firms, Sarbanes-Oxley, social media, SOX, tactical soup, top-of-mind awareness, Twitter, websites

February 27, 2012 · 3:54 pm

Jimmy Webb and the Power of Storytelling for B2B Companies

Music critic Miss Universe on "A Hard Day's Night" movie set

Songwriting legend Jimmy Webb has written some of pop music’s most enduring ballads, including Wichita Lineman, By the Time I Get to Phoenix, Galveston, The Worst That Could Happen and the rock cantata MacArthur Park (simultaneously heralded as a musical masterpiece and the worst song ever written.)

The 66 year-old Oklahoma native now lives in Long Island and performs year-round at small venues in the US, Canada and abroad. Baby boomer fans pack the room to hear Webb strain to hit his own songs’ high notes, to listen to his tales of life on the road, and to get the real stories behind how and why he wrote specific songs.

At a show last weekend in New Jersey, Webb told fans about his first trip to London in 1964, where he fell in love with Miss Universe, who he met on the set of the Beatles movie, A Hard Day’s Night. According to the rambling story, in his attempt to impress the beauty queen – who had been cast as an exotic dancer and appears for 6 seconds in the film – Webb invited her back to his hotel room, where he sat her down next to him on the piano bench and performed his then unrecorded version of MacArthur Park. Unfortunately for Webb, the 7 ½-minute song failed to put her under his spell. She told him it was a silly song and left. Or so Webb’s story goes.

For the 450 people who heard Webb’s London adventure, all of whom have listened to MacArthur Park for decades, their musical experience has been forever re-shaped. When they hear that song in the future, it will provide a different context or a different meaning. Now, instead of cakes left out in the rain, they’re more likely to envision Jimmy Webb serenading Miss Universe in London. That’s the power of storytelling.

Social media and technology provide efficient ways for people to tell stories. But according to Dr. Pamela Rutledge, Director of the Media Psychology Research Center, “The human brain has been on a slower evolutionary trajectory than the technology. Our brains still respond to content by looking for the story to make sense out of the experience.”

Writing in Psychology Today magazine, Dr. Rutledge notes that, “When organizations, causes, brands or individuals identify and develop a core story, they create and display authentic meaning and purpose that others can believe, participate with, and share. This is the basis for cultural and social change. This is a skill worth learning.”

Increasingly, in B2B communication, companies focus on the medium and the technology, rather than the underlying message, its meaning or purpose. In our world of websites, blast emails, podcasts, webinars, analytics, blogs, Facebook, Twitter, marketing automation, smart phones and mobile apps…it’s easy to forget that the quality of a company’s narrative drives people to notice, participate or care about what’s begin sold – whether that be a product, service or a philosophy.

We’re all familiar with how the big brand companies such as Harley Davidson, Jack Daniels, Levi Strauss, IBM and Ben & Jerry’s have leveraged their corporate narratives to build awareness and market interest. But most small and medium-sized companies, and B2B firms in particular, are at a loss to understand how the power of storytelling can showcase their core values, mission and marketplace differentiation. But this goal can be accomplished…not by cooking up elaborate tales about the company’s founders or its early struggles… but rather, by pulling back the curtain on how and why the company makes decisions, and by using real-life examples and incidents to provide interest and context.

A great example of effective storytelling involves Davidson Trust Company, a Devon, Pennsylvania-based investment manager with around $1 billion in assets under management. In a series of columns published in the Philadelphia Inquirer, Davidson’s CEO Alvin A. Clay III used stories to establish relevance for his thoughts on issues of importance and likely interest to his firm’s current and prospective investors.

In one of his columns, Davidson’s CEO described how his father – a longtime professor at Villanova – had been the beneficiary of kindness as a young man, and had devoted much of his teaching career returning the favor to others. In another, Mr. Clay recounted a heated debate he had experienced with other business leaders, and how that exchange had shaped his decision-making process regarding publication of his company’s ethics statement on its website. In all of Clay’s columns, he used storytelling to deliver insight and to position the Davidson brand in a genuine, credible and memorable manner.

At his concerts, Jimmy Webb spends more time telling stories than he does on singing his songs. And these events typically end with a 10-minute standing ovation.

Earlier this month, Davidson Trust Company received its own standing ovation. Publicly traded Bryn Mawr Bank Corporation (NASDAQ:BMTC) announced plans to acquire Davidson.

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Tagged as #brand management, #content marketing, #craftsmanship, #marketing, #media placement, #PR, #press release, #PRfirms, #publicity, #SEO, #thought leadership, #webinars, a hard day's night, Alvin A. Clay III, B2B communication, B2B firms, B2B marketing, Ben & Jerry's, blast emails, Blogs, BMTC, Bryn Mawr Bank Corporation, Clay Center, company narrative, corporate narative, Davidson Trust Company, Devon PA, Dr. Pamela Rutledge, Facebook, Harley Davidson, IBM, Jack Daniels, jimmy webb, journalism, Levi Strauss, MacArthur Park, marketing analytics, marketing automation, marketing communications, marketing counsel, marketing craftsmanship, marketing firms, marketing ROI, Media Psychology Research Center, Miss Universe, mobile apps, New Jersey PR firms, Philadelphia Inquirer, podcasts, PR firms, PR strategy, Psychology Today magazine, public relations, smart phones, songwriting, storytelling, the beatles, top-of-mind awareness, Twitter, Villanova, Villanova School of Business, web content, websites

August 19, 2011 · 1:39 pm

Brochureware Is Not a Dirty Word

Brochureware is the term used, often with derogatory marketing implications, to describe websites consisting entirely of static pages that promote a company’s products and services, people and value proposition. Most brochureware websites contain no content that requires updating, and other than perhaps a “Contact Us” form, no interactive capabilities. Brochureware simply sits online, like a printed brochure sits on a coffee table.

A big problem for many companies, from a brand marketing perspective, is that:

Their well-intentioned graphic design firm has provided them with a website with functions requiring new and refreshed content. These functions might include: “News”; “In the News”; “Upcoming Events”; “Thought Leadership”; “Case Studies”; “White Papers”; “Webinars”, etc.
Although they understand the potential marketing and SEO value of those website functions, companies often lack the motivation, resources or raw material to supply them with new, relevant, engaging content on a consistent basis.
As a result, website visitors might see…a company blog with only 3 posts over the past year; no press releases issued since 2009; a “Coming Soon” graphic for the In the News section; an archive of quarterly newsletters with many issues skipped; a 2 year-old white paper that’s no longer relevant; and zero upcoming events scheduled.
Based on these impressions, website visitors will likely conclude one or all of the following:

This company is out of business.
This company doesn’t really care what clients and prospects think of them.
If this company doesn’t care what I think of them, how well will they serve my needs?

Having seriously out-of-date or missing content on your website is akin to showing up to a first meeting with a prospective client wearing no shoes and the same shirt you’ve worn for the past 6 months, sporting a jacket with lapels 4 inches wide. Based on first impressions, that prospect has already crossed you off his list.

If your company’s website is incurring brand damage as a result of outdated content…and if it has no intention of building disciplines to consistently feed this online beast…then your best course of action is clear:

TELL YOUR GRAPHIC DESIGN FIRM TO REMOVE ALL WEBSITE FUNCTIONS THAT REQUIRE REGULAR UPDATING.

Your company will be better served – from a brand perspective – by having a website featuring 100% static brochureware, than by having a website that aspires to be something it’s not.

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Tagged as #brand damage, #brand management, #brand risk, #brochureware, #graphic design, #marketing, #PR, #press releases, #thought leadership, #webinars, #white papers, marketing craftsmanship, marketing ROI, public relations, social media, website management

July 13, 2011 · 2:39 pm

One Way Smart B2B Marketers Work Backwards

B2B Marketing Needs Impressive Stuff Like This

Companies invest considerable time and effort in securing and preparing for public events, industry seminars, keynote addresses, webinars and roundtable discussions. But contrary to The B2B Marketer’s Bible, and regardless of the upfront investment, the intrinsic value and opportunities related to participation in in-person and virtual public forums do not lie within the event itself.

Consider this:

A public platform represents an implied endorsement from the sponsoring organization because of its vested interest in showcasing knowledgeable speakers. No organization will knowingly showcase a speaker who has no credibility or expertise in his or her respective field.
The audience attending the event represents a small fraction of those you are attempting to influence, and key decision makers often are not present at public events.
What’s done to promote the firm’s endorsement from the sponsoring organization—in advance of and following the event—can be more important than what occurs at the event itself. Simply issuing a press release, or posting the event’s slide presentation on a website, will not adequately address the opportunity.

Here’s how one professional services firm gained a tangible ROI from a single speaking opportunity:

The managing partner of a New York-based, eight-person CPA firm—following his presentation at a regional bar association’s seminar on law-practice-related tax, compliance and compensation issues—sent highlights of his remarks, with a brief cover note, to all the members of that regional bar association, whether they had attended the seminar or not.

This CPA firm’s follow-up marketing effort, which combined the bar association’s implied third-party endorsement with its managing partner’s thought leadership in practice management, resulted in new relationships with three law firms that had not attended the seminar.

Smart marketers work backwards. They have a specific plan to merchandise the credibility and thought leadership related to the marketplace exposure directly to target audiences in advance of seeking the speaking opportunity. That way, their ability to convert a public platform into bona fide business results is significantly enhanced.