As I sit here in front of my computer, my son is getting ready for the last football game of his sophomore high school football season, our Thanksgiving turkey is happily thawing out on kitchen counter and I am in a very Zen mood, thinking about rhythm of life, changes in the marketing industry and how all this change reflects on the way I make my living.
This time of the year always puts me in a reflective mood. This week there were few blogs I read that sort of tied it all together for me. The first blog I want to mention is this week’s Marketo blog. Jon Miller offers a very succinct and poignant summary of how marketing evolved in the last three decades…from mass communication to internet search dominance to contemporary social media brand building. He suggests that marketers are now focusing on social media, search and content marketing to build brands. Jon states:
…”More and more information is available off the official corporate website and on social media sites ranging from LinkedIn and Twitter to YouTube and SlideShare. As buyers tire of “marketing speak” and over-aggressive marketing tactics, they search social sites as part of their research, and interact with other prospects to get and share word of mouth recommendations”.
The next blog that I want to note is posted by Shannon Sweetser to Inbound Marketer’s Blog. Shannon states:
…creating meaningful content such as whitepapers, webinars, and blog posts that “concretely describe solutions to problems” is a much more effective way to get found by your customers than sending an unsolicited sales message via email.”
Finally, one of my very favorite blogs, the Digital Buzz Blog posted a fantastic slide presentation by Aden Hepburn that talk about the Basics of Social Media ROI. The presentation is written in CEO-speak; smart, funny, interesting and very informative. Social media is not a transactional sales tactic that translates into immediate sales increases the same reporting period that you start implementing the strategy. That is like inviting people over to your house for drinks and whipping out the Tupperware catalog while people are engulfed in a conversation. Instead, what it will do is gradually enhance non-financial indicators like increased website visitors, WOM, social mentions, impressions, positive press, blog comments as well as an upsurge in click-throughs and perhaps more visitors to your brick & mortar sales floor. We just have to make sure we using the right tool and the appropriate time span to measure its effectiveness.
As I said, I am in a very reflective mood. I see the changes in our industry and I am excited for the possibilities ahead. Being a marketer and staying true to my principles as a human being sounds simplistic. But I firmly believe this is the authenticity era in marketing and I am happy to be part of it.
Happy Thanksgiving!
Wednesday, November 25, 2009
Friday, November 13, 2009
Demand generation and multicultural audiences.
This week I want to talk about practical tips to consider when marketing to multicultural audiences. First I have to mention that I’ve always had trouble with the term “multicultural marketing.” What does that really mean? When is marketing not “multicultural?” Different cultural dynamics are prevalent even within an organization in any complex sales environment. Logistics people speak a different language than that of procurement. As marketers we have to be aware of variances in every segment we are addressing to and ensure clear communication as well as preempt any potential issues or concerns.
But let me get back to the subject in hand without attempting to boil the ocean with my ramblings. Organizations that sell to multi-language audiences encounter added challenges in successfully strategizing their marketing outreach. One of my pet peeves has always been the fact that marketing materials often get translated into different languages as an afterthought like; right before it all goes to print. And the translation might even be done by the CEO’s high school senior son’s Spanish teacher. The result is often disjointed literal translation, inappropriate visuals and stop-and-go flow in material being presented to the multicultural audiences.
Here are some practical tips to consider in designing demand generation programs for multicultural audiences:
SEO is your friend. SEO is one of the most important components of any demand generation program. When it comes to multicultural audiences search optimization even becomes more of a focal point. It is imperative that you consider working with “in country” resources when it comes to determining and maintaining keywords. Language is a living thing and every country has their own contemporary terms reflecting the local current issues, trends and consumption patterns. Your audience might use a term pertaining to a current local political regulation that your US based translator might not know about.
Cultural variations matter. Decision makers and influencers can vary dramatically from one country to the other. For instance if you are marketing to French Canada vs. EU French audience, you might need to consider different dynamics in purchasing journey of your buyers vis-à-vis the influencers. In some cultures influencers can have much more power in purchasing decisions than we might assume. It is a good idea to carefully research who the influencers are in each market and how they affect the purchase before designing your demand generation program. Lead nurturing can become treacherous if you overlook to include a particular segment of the audience.
Social media might be the secret ingredient. Many cultures are much more open to social media outreach and they might be more willing to engage in a conversation with a brand online. On the other hand, especially in EU countries privacy concerns can be an even bigger issue. Social media is definitely more forgiving medium in terms of budgeting concerns than that of traditional print/media. Because it is much cheaper to tweak the messaging as you move along. But tread gently and test, test, test before you broadcast your message out into the world. And remember to have someone who understands multicultural dynamics at the helm of your social media communications.
We live in a world of one-to-one communications and cultural sensitivity is more important than ever. No one understands this better than someone who has experience with multicultural communications. It is a very exciting time to be in the marketing field, indeed.
But let me get back to the subject in hand without attempting to boil the ocean with my ramblings. Organizations that sell to multi-language audiences encounter added challenges in successfully strategizing their marketing outreach. One of my pet peeves has always been the fact that marketing materials often get translated into different languages as an afterthought like; right before it all goes to print. And the translation might even be done by the CEO’s high school senior son’s Spanish teacher. The result is often disjointed literal translation, inappropriate visuals and stop-and-go flow in material being presented to the multicultural audiences.
Here are some practical tips to consider in designing demand generation programs for multicultural audiences:
SEO is your friend. SEO is one of the most important components of any demand generation program. When it comes to multicultural audiences search optimization even becomes more of a focal point. It is imperative that you consider working with “in country” resources when it comes to determining and maintaining keywords. Language is a living thing and every country has their own contemporary terms reflecting the local current issues, trends and consumption patterns. Your audience might use a term pertaining to a current local political regulation that your US based translator might not know about.
Cultural variations matter. Decision makers and influencers can vary dramatically from one country to the other. For instance if you are marketing to French Canada vs. EU French audience, you might need to consider different dynamics in purchasing journey of your buyers vis-à-vis the influencers. In some cultures influencers can have much more power in purchasing decisions than we might assume. It is a good idea to carefully research who the influencers are in each market and how they affect the purchase before designing your demand generation program. Lead nurturing can become treacherous if you overlook to include a particular segment of the audience.
Social media might be the secret ingredient. Many cultures are much more open to social media outreach and they might be more willing to engage in a conversation with a brand online. On the other hand, especially in EU countries privacy concerns can be an even bigger issue. Social media is definitely more forgiving medium in terms of budgeting concerns than that of traditional print/media. Because it is much cheaper to tweak the messaging as you move along. But tread gently and test, test, test before you broadcast your message out into the world. And remember to have someone who understands multicultural dynamics at the helm of your social media communications.
We live in a world of one-to-one communications and cultural sensitivity is more important than ever. No one understands this better than someone who has experience with multicultural communications. It is a very exciting time to be in the marketing field, indeed.
Tuesday, November 10, 2009
OK, I am back. I have been neglecting my blog far too long. But the shift towards less talking and more listening served me very well these past few months. My focus is sharper and I have a clearer vision as to where the trends are heading.
I am encouraged to see the increased discussions around demand generation. I no longer have explain what it is that I do when I say: “I am a demand generation specialist.”
Last week I attended Boston session of the Silverpop -sponsored B2B Marketing University . I was surprised to hear that the discussion concentrated on the differences between CRM systems and marketing automation. When asked which marketing automation system they currently use, most people in the audience answered Salesforce.com. Clearly, that is not a marketing system. It is a great tool to keep your database online and accessible to lots of sales people at the same time. But demand generation requires whole bunch of additional levers that needs to be tweaked and adjusted throughout marketing outreach efforts.
Following the event one of the keynote speakers, David Raab offered a very useful summary in his blog. David states:
“…marketing automation and demand generation systems are built for two different situations. Demand generation is for companies where the job of marketing is to generate qualified leads and turn them over to sales. After that, the customer relationship is managed by sales and operations groups, presumably through a CRM system. Marketing automation is for companies where marketing manages the entire customer life cycle.”
I think this goes back to the necessity of human element in successful marketing. Bottom line, it is imperative to have someone with demand generation expertise run marketing. Tools are great, but at the end people buy from people they know and trust. Marketing is most successful when all of these systems, tools, gadgets are invisible and the purchasing journey offered to the customer is seamless.
I am encouraged to see the increased discussions around demand generation. I no longer have explain what it is that I do when I say: “I am a demand generation specialist.”
Last week I attended Boston session of the Silverpop -sponsored B2B Marketing University . I was surprised to hear that the discussion concentrated on the differences between CRM systems and marketing automation. When asked which marketing automation system they currently use, most people in the audience answered Salesforce.com. Clearly, that is not a marketing system. It is a great tool to keep your database online and accessible to lots of sales people at the same time. But demand generation requires whole bunch of additional levers that needs to be tweaked and adjusted throughout marketing outreach efforts.
Following the event one of the keynote speakers, David Raab offered a very useful summary in his blog. David states:
“…marketing automation and demand generation systems are built for two different situations. Demand generation is for companies where the job of marketing is to generate qualified leads and turn them over to sales. After that, the customer relationship is managed by sales and operations groups, presumably through a CRM system. Marketing automation is for companies where marketing manages the entire customer life cycle.”
I think this goes back to the necessity of human element in successful marketing. Bottom line, it is imperative to have someone with demand generation expertise run marketing. Tools are great, but at the end people buy from people they know and trust. Marketing is most successful when all of these systems, tools, gadgets are invisible and the purchasing journey offered to the customer is seamless.
Monday, June 15, 2009
Why demand generation works where traditional advertising and marketing falls short?
Let’s focus on the basics. Marketing is all about selling stuff. We know this and our customers know that we keep the lights on by selling. So, why marketing has become the black sheep in the family? Why is our advertising and direct response programs are no longer bringing the results they used to?
We need to think in terms of demand generation and not simply soapbox style message distribution.
Here is why:
Interruptive marketing stopped working: We have all heard the adage that only 50% of advertising works. Well, we can actually now measure which half is working and why. It is a continuous process of testing, measuring and tweaking. Relevancy is the key and customer focus is an absolute necessity. Demand generation programs test, measure and help you develop marketing content that is sure to resonate with your target audience. The result is customer engagement and continuous flow of qualified leads.
Every sale is a complex sale: Gone are the days of marketing managers with annual marketing budgets that are only called to question at the end of the year. We live in a world where every business decision is made by a committee of executives with various priorities and business challenges. Organizations need to create messaging that speaks to various angles; many touch points with different channels.
Sharing knowledge is cool: Internet has brought the age of free content to our lives. Sharing best practices and your organization’s accumulated knowledge in your field is a sure way to bring you to the thought leadership position. The tools are out there for you to accomplish this and become a publisher of quality content in no time. Organizations that see themselves as content publishers are very successful at inbound marketing where leads come knocking at their door, instead of the other way around.
Being human is cool: The C level decision maker is a busy executive. She could fill it up with back to back 15 minute meetings if her day can be 36 hours. She does not want to be interrupted by cold calls. But this does not mean she does not want to hear from someone who is on her top 5 list. The trick is to know if you are on her list. You know this because your demand generation program has been following her activities on your website. You have been sending her truly relevant content that she forwarded to her team. She participated on your LinkedIn discussion. Three other people from the same company signed up for your webinar. You sent her tips and tricks white paper and she twittered it (or tweeted it, one or the other…but you get my point). So when you call her, all you have to do is be human and ask if she is ready to talk to you.
To summarize, demand generation programs enable marketers to work more effectively. Generating results is fun and data can be really sexy too.
We need to think in terms of demand generation and not simply soapbox style message distribution.
Here is why:
Interruptive marketing stopped working: We have all heard the adage that only 50% of advertising works. Well, we can actually now measure which half is working and why. It is a continuous process of testing, measuring and tweaking. Relevancy is the key and customer focus is an absolute necessity. Demand generation programs test, measure and help you develop marketing content that is sure to resonate with your target audience. The result is customer engagement and continuous flow of qualified leads.
Every sale is a complex sale: Gone are the days of marketing managers with annual marketing budgets that are only called to question at the end of the year. We live in a world where every business decision is made by a committee of executives with various priorities and business challenges. Organizations need to create messaging that speaks to various angles; many touch points with different channels.
Sharing knowledge is cool: Internet has brought the age of free content to our lives. Sharing best practices and your organization’s accumulated knowledge in your field is a sure way to bring you to the thought leadership position. The tools are out there for you to accomplish this and become a publisher of quality content in no time. Organizations that see themselves as content publishers are very successful at inbound marketing where leads come knocking at their door, instead of the other way around.
Being human is cool: The C level decision maker is a busy executive. She could fill it up with back to back 15 minute meetings if her day can be 36 hours. She does not want to be interrupted by cold calls. But this does not mean she does not want to hear from someone who is on her top 5 list. The trick is to know if you are on her list. You know this because your demand generation program has been following her activities on your website. You have been sending her truly relevant content that she forwarded to her team. She participated on your LinkedIn discussion. Three other people from the same company signed up for your webinar. You sent her tips and tricks white paper and she twittered it (or tweeted it, one or the other…but you get my point). So when you call her, all you have to do is be human and ask if she is ready to talk to you.
To summarize, demand generation programs enable marketers to work more effectively. Generating results is fun and data can be really sexy too.
Tuesday, June 02, 2009
Path analysis and buyer profiles can help you come up with a better process map for your demand generation program.
By now in every industry marketers fully acknowledge that we are living in the age of empowered customers who will use every tool at their disposal to come and find you when they have a need. But try to push your message onto them when they are not interested and you will quickly find yourself and your precious marketing investment completely ignored or worst yet, in the spammer abyss.
The key is to use marketing tools to build relationship and only pass a lead to sales when they have expressed a need and are able to make a decision. If they are not the decision maker, marketers needs to keep nurturing that relationship. When the prospect expressed a need and they want to learn more about your product or service, then the sales teams need to know a whole lot more than name-rank-serial number to be able to close the sale. One of the methodologies used in demand generation programs to help guide the interaction around customer needs is clearly defining the path customers walk in their decision making process.
In his popular blog Brian Carroll has been repeatedly highlighting the benefits of walking in the customer’s shoes as you are setting up lead nurturing program. Brian states: “Walk IN your potential customers’ shoes means thinking like your customer and considering the questions they will have for you and your company.”
Another good tool to gain intimate understanding of your customer is to create customer profiles, we sometime refer to these as buyer personas. Groundswell blog has several of these profiles that consumer marketers use. In recent weeks Forrester also came up with B2B profiles.
The tool is called Social Technographics Profiles of business buyers. B2B marketer now can use this tool to integrate buyer behavior and social media into their marketing tool set.
Demand generation programs have come a long way from just using email and list building to create demand. With these types of tools we can now more precisely define our audience and have a better chance to influence their decision making process.
The key is to use marketing tools to build relationship and only pass a lead to sales when they have expressed a need and are able to make a decision. If they are not the decision maker, marketers needs to keep nurturing that relationship. When the prospect expressed a need and they want to learn more about your product or service, then the sales teams need to know a whole lot more than name-rank-serial number to be able to close the sale. One of the methodologies used in demand generation programs to help guide the interaction around customer needs is clearly defining the path customers walk in their decision making process.
In his popular blog Brian Carroll has been repeatedly highlighting the benefits of walking in the customer’s shoes as you are setting up lead nurturing program. Brian states: “Walk IN your potential customers’ shoes means thinking like your customer and considering the questions they will have for you and your company.”
Another good tool to gain intimate understanding of your customer is to create customer profiles, we sometime refer to these as buyer personas. Groundswell blog has several of these profiles that consumer marketers use. In recent weeks Forrester also came up with B2B profiles.
The tool is called Social Technographics Profiles of business buyers. B2B marketer now can use this tool to integrate buyer behavior and social media into their marketing tool set.
Demand generation programs have come a long way from just using email and list building to create demand. With these types of tools we can now more precisely define our audience and have a better chance to influence their decision making process.
Wednesday, May 20, 2009
Boost your demand generation tool kit with professional references.
Just came across a company called References Online that produces professional level references. The company produces customer reference collateral using our solutions integrated in the WEB 2.0/social media and networking world.
This would be a great tool for professional services firms to add to their demand generation tool-kit.
Here is a presentation that explains how the program works: http://tinyurl.com/c26rfd
This would be a great tool for professional services firms to add to their demand generation tool-kit.
Here is a presentation that explains how the program works: http://tinyurl.com/c26rfd
Saturday, May 16, 2009
Demand generation basics Part 2: Segmenting your audience (don't ignore hidden gems)
Last week I talked about building a database and explained what sort of information must be collected on prospects. This week I will go into segmenting and targeting. This activity is often reduced down to slicing and dicing the database to uncover lowest hanging fruit for the picking. Well, it is a bit more complicated than that. The main purpose of segmenting your audience is to understand priorities of each group and serve relevant content so you can better engage them. Here are some basic strategies for segmenting your database to achieve just that:
-Email: Sounds simple but email is your best ally when it comes to figuring out how best to segment your list. Testing subject lines will give you a great indication about what triggers interest by each group. If you test the headline of your email message and find out that one headline performed much better with CMOs, you can customize content accordingly to better engage this particular group.
-Web analytics: Great listening and measuring tool. You can examine traffic, time of day people visit your site, what pages they spend more time, which path they follow. If you match this information with email campaign results, you can design better landing pages to bring in more qualified leads. This is achieved via behavioral targeting. Professional service firms that use behavioral targeting and web analytics in their segmentation strategies are able to generate impressive results.
-Search: Looking at what keywords people use to find your site is also a very good way to segment your prospect list. For example if you are trying to build hospitality industry client base and you find out that prospects in that industry find your site by typing in keywords like “tax attorney and hotel management” you can then generate a white paper loaded with those keywords and develop a multi-touch campaign specifically for that audience segment.
-Repurpose your content: By segmenting your audience you can repurpose your existing content according to your prospects’ criteria that you determined by analyzing all of the above tools. The idea is to custom design your marketing messages according to the needs of your audience.
-Hidden gems: As you segment your audience and learn more about their behavior you might discover that there is a specific group that is gobbling up every piece of content you put out there but are not in a position to buy your services. They download your white papers, sign up for webinars, e-newsletters and podcasts but they clearly don’t have the resources to hire you. These people can be your evangelists; don’t ignore them just because they are not likely to bring you short term revenue. Ask them to contribute to your blog or webinar. They can also be potentially a good source for referrals. Share the spotlight with them; this will only help cement your position as a thought leader in your industry.
Segmenting your target audience is one of the foundations of demand generation programs. By creating specific groups based on more than “name-rank-title” you will empower your marketing with growth opportunities, not just leads that may only bring in short term results.
Next week, I will talk about process mapping and creating content to match milestones in your customer’s decision making journey.
-Email: Sounds simple but email is your best ally when it comes to figuring out how best to segment your list. Testing subject lines will give you a great indication about what triggers interest by each group. If you test the headline of your email message and find out that one headline performed much better with CMOs, you can customize content accordingly to better engage this particular group.
-Web analytics: Great listening and measuring tool. You can examine traffic, time of day people visit your site, what pages they spend more time, which path they follow. If you match this information with email campaign results, you can design better landing pages to bring in more qualified leads. This is achieved via behavioral targeting. Professional service firms that use behavioral targeting and web analytics in their segmentation strategies are able to generate impressive results.
-Search: Looking at what keywords people use to find your site is also a very good way to segment your prospect list. For example if you are trying to build hospitality industry client base and you find out that prospects in that industry find your site by typing in keywords like “tax attorney and hotel management” you can then generate a white paper loaded with those keywords and develop a multi-touch campaign specifically for that audience segment.
-Repurpose your content: By segmenting your audience you can repurpose your existing content according to your prospects’ criteria that you determined by analyzing all of the above tools. The idea is to custom design your marketing messages according to the needs of your audience.
-Hidden gems: As you segment your audience and learn more about their behavior you might discover that there is a specific group that is gobbling up every piece of content you put out there but are not in a position to buy your services. They download your white papers, sign up for webinars, e-newsletters and podcasts but they clearly don’t have the resources to hire you. These people can be your evangelists; don’t ignore them just because they are not likely to bring you short term revenue. Ask them to contribute to your blog or webinar. They can also be potentially a good source for referrals. Share the spotlight with them; this will only help cement your position as a thought leader in your industry.
Segmenting your target audience is one of the foundations of demand generation programs. By creating specific groups based on more than “name-rank-title” you will empower your marketing with growth opportunities, not just leads that may only bring in short term results.
Next week, I will talk about process mapping and creating content to match milestones in your customer’s decision making journey.
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