Marketing your technology to the C-suite

November 24, 2009

“We need to sell up to the C-Suite.” This is the ongoing discussion and challenge  among all marketing folks in technology. The thought that if we can get our message beyond the day-to-day executives that we currently have a relationship with, the sales people will have a better business outcome. Although the C-suite is a very important audience and can certainly influence the purchase decision, as a marketer, you cannot ignore those day-to-day executives. In many cases they have the direct line to the C-suite and can determine if your message is C-suite worthy.

Reality in many cases is that each prospective organization has very different protocols in terms of the C-suite influence. Many CEOs, CIOs and CFOs rely on these day-to-day executives to make smart decisions and at the end of the day they trust their talents. This would then suggest that the C-suite audience is simply going to forward your information right back to the day-to-day folks or perhaps simply discard your message. Worse yet, is if you have not developed your content specific to a C-suite audience you can potentially create a perception of irrelevance among this highly sought after group.

Should you be marketing to the C-suite…I believe yes!. There is still great value in creating awareness and building credibility for your technology solutions among the c-suite audience. But as with all other strategic marketing efforts these C-suite focused activities should be integrated with the rest of your marketing efforts against the day-to-day executives.

If you are looking to penetrate or increase your share of corporate budget and provide long-term value to a company you would be wise to plan your approach both tactically and via content development. Do some homework against each account. Meet with your sales team and map out the authority of the day-to-day executives as well as the influence of the C-suite. Find out how the organization tends to make decisions.  Figure out who is actually involved in the decision-making process. What information do they need? When do they need it? Who are the influencers?

Using this information, develop a content strategy to nurture both the c-suite as well as the day-to-day executive. Have your content developed so you may react appropriately based on response or feedback from these two targets. Every touch point should add value to the conversation and continue to build your credibility.

Keep in mind, you need to prove your worth to those who will immediately benefit: the day-to-day business-unit executives. With the right messaging and ROI, they may take the results directly to the C-suite, which will increase the impact of your C-level messaging. The effectiveness of your messaging to th e c-suite will increase if it is delivered by the very team they trust.

 

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Market your technology like a publisher

November 12, 2009

For many years, tech buyers have responded to countless surveys informing us that they are actively involved in exploring information that will help them solve a problem in the early stages of their purchasing cycle. They use this discovery phase of their purchase cycle to identify new solutions, providers and ensure the content of what they find is credible. This discovery takes place across the various web outlets, trade magazines and even document sharing among peers.

In the old days, before the growing influence of web content, trade publications played a major role in proving industry relevant information. With ad spends down, many trade pubs are struggling and some have even closed down. This leaves a potential void in relevant information the tech buyers still seek to scope their upcoming solutions. This is a marketing opportunity for all technology providers. Filling the current and future void by creating the content to ensure your organization remains relevant, credible and has an authoritative voice within your technology space. I am not suggesting that all trade pubs will be out of business, but as a marketer, you have a great opportunity here to connect with various levels of tech buyers if you develop your marketing strategy like a publisher.

Chris Koch, the Director of Research and Thought leadership for ITSMA, recently outlined the publisher process that technology marketers can adopt and utilize to fulfill the demand for relevant content among tech buyers. As he points out having process that simulates a publisher can ensure your content development remains relevant to the buying audience.

  • Identify the target reader. Publications fail if they don’t grasp exactly whom they are trying to reach and why. Marketers need to do a similar kind of segmentation.
  • Create an editorial calendar. As Chris points out every good publication has an editorial calendar. Identifying the reader’s needs, forecasting discussion trends and uncovering the gaps of content you will need to develop are great benefits of putting a calendar together. This calender can initiate numerous content ideas as well as drive some tactical recommendations. Probably the most important piece of the process!
  • Research the reader. Most magazines do annual reader surveys to ask subscribers what they think of the magazine and what could be improved. Through these surveys, they construct archetypes of the typical reader. Marketers can replace offers with survey questions once in a while to help build an understanding of timely issues to drive future content.
  • Interview the players and the experts. Journalists aren’t experts in the fields they cover, but they’re experts at finding those that are. Marketers need to talk to subject matter experts inside the company, influencers outside the company (analysts, academics, bloggers, journalists), and customers. All you need to do is ask questions and the content will flow out of these people.
  • Audit content. When surveying readers, magazines also ask whether readers like specific articles and subject areas covered in the magazine. Marketers need the same feedback from customers and from salespeople. If you don’t have the money to do research, consider adding a review button or comment feature to content.
  • Diversify content. Most magazines are a mixture of long and short, graphic and text-heavy stories. Marketing content needs to be similarly diverse.
  • Cycle through top reader interests. Magazines develop a short list of topic areas that matter most to their readers and hit those topics regularly as part of the issue planning process. Marketers need to develop a similar list as they plan their content calendars.
  • Be timely. Editors always try to leave room in the planning process for the timely, exclusive scoop—the story that identifies an important trend before others do. For marketers, being timely means having content that matches every stage of the buying cycle, so that you have a chance for an “exclusive” at each stage.

 

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Tech Marketers: Customer Advisory Boards for strategic marketing planning

October 14, 2009

Many technology companies have developed a great resource over the years that I believe can help with your planning process. I am talking about CABs (customer advisory boards). The CAB can be an important part of any marketing planning process  and should be considered a valuable resource.  A properly run CAB can provide valuable strategic insights about your company, your competitors and even your marketing initiatives. They are a reliable source of information and should be approached for feedback against your marketing planning activities.

Gathering the input from the CABs can be difficult as these folks have other responsibilities, so you may want to limit their involvement in the planning process to wards the assessment stage of your planning process.

Use your CAB to refine your marketing insights

Having a CAB input session upfront can assist your data gathering against various business trends impacting the industry, decision making insights, solution differentiation, messaging, content development, competitive product offerings, even preferred media consumption habits.

Set an agenda outlining specific topics that you wish to discuss during your input session and provide to the CAB participants prior to the set meeting date.

Limit the number of topics you wish to discuss. Using CAB can reap a lot of knowledge around many marketing and operation issues, but if you are going to use them for strategic insights, stay on course with this topic.

Best practices would suggest that you gather your discovery and process your insights prior to sharing with the CAB participants. By doing so, you can test your hypothesis and get focused feedback on your insights and limit off topic discussions. The axiom of ‘garbage in garbage out’ applies here.

In this first stage, try to keep the discussions on a strategic level, stay away from tactical discussions unless they relate to media consumption habits. Mentioned twice because it is important.

Consider using a third party facilitator. Using a facilitator can help create an unbiased atmosphere and a safe environment for customers to voice their views and experiences.

With a focused approach, you can garner actionable feedback to to adjust your current assessment of the marketplace. This information from the voices and minds of your  customer base can guide your strategic recommendations, your tactical recommendations and the necessary content to drive your marketing activities.

A good advisory board can play a number of important roles during your marketing planning:

  • Objective brainstorming. Typically advisors are not mired in deep knowledge of your market and its history. They can bring a fresh perspective and insight even though many of their ideas may be naïve, already in use, previously discarded, or impractical. But, there may be a few gems of ideas that emerge simply because they are not involved in day-to-day operations.
  • Devil’s advocates. Many outsiders are by definition naysayers. They may poke holes in all of the things you have gotten excited about. Defending your position and making sure that their negatives are not real issues can be of great value.
  • Course correctors. Advisors can raise issues that you missed, didn’t think were important, or skimmed over. They can question both your strategies and tactics with very critical eyes, picking up things you may have missed.
  • Analysts. When you are involved in a variety of day-to-day tasks, you may think that you are monitoring the most important issues and working through them, but an advisory board can really make you think through the issues in ways that may not have occurred to you.
  • Brutal honesty. A properly selected advisory board will have no hidden agendas and will tell you things that subordinates and very likely even superiors will not tell you. They will be polite, but will not sugar coat the basic facts. You may need a tough skin to listen to them, but if you are open and really listen they can give you great insight.

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Your 2010 Marketing Plan for Technology Should focus on Content

October 2, 2009

As you begin to build your marketing plans for 2010, focus on the content of your efforts before dividing up your budget against the tactical efforts.

If you have been reading my blog, you may be picking up that I am a strong proponent of good content. I believe strategically developed content drives everything.  Many of my thoughts have recently been confirmed by the results of a recent survey among tech buyers by Eccolo Media.  For the second year in a row, these tech buyers—your customers—stated in no uncertain terms that they regularly consume a broad range of content when making purchasing decisions.  What’s more, a significant proportion of them find this content “very” or “highly” influential when making purchasing decisions.

The survey of more than 500 technology-purchasing decision makers and influencers also found that sales materials of any kind—white papers, case studies/sale sheets, podcasts, videos, product brochures and data sheets—are most frequently consumed at the beginning of the sales cycle—before a company ever invites vendors to participate in an RFP.  Collateral subsequently is used less frequently as sales relationships evolve, the survey said.

Among this year’s key findings:

-77% of respondents said they’d read at least one white paper in the last six months, with 84% of them rating white papers as moderately to extremely influential when making technology-purchasing decisions.

-49% of respondents said they had watched a vendor’s video while considering a technology purchase, up from 1 in 5 in 2008.

-89% of respondents said they share white papers with others, while 85% share case studies, 81% share brochures or data sheets, 80% share podcasts, and 79% share video.

-Tech buyers prefer to consume collateral from their desktop – in fact, only 1 in 4 surveyed even print out an online document.

-Although  data sheets and brochures were considered the least influential written collateral, they were also the most consumed type, indicating they are still valuable “table stakes” in helping solidify a brand’s product messages with potential buyers.

-Good writing matters: 86% of respondents felt that high-quality writing was at least moderately influential; 51% ranked good writing as either very or extremely influential. By contrast, poor quality writing was the most frequent reason respondents gave for decreasing the influence of a white paper.

A downloadable version of the full survey report is available at:
http://www.eccolomedia.com/download.php

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Tech Marketers: Start Your Marketing Plan With Strategy

September 30, 2009

It is planning season for many tech companies and a good time to really look at the big picture issues in the industry. This means that you should not start with looking at last years plan an updating a few things. The recessionary markets has put more pressure on CMO’s and marketing departments to justify their spends. With a smart strategically based plan, the tactical elements and spend levels can be rationalized to top management. The process to develop the strategic insight can certainly be a laborious process, but the benefits will pay off over the year.

A smart approach is to perform a comprehensive review of markets and opportunities, then make long-term strategic decisions without the distractions of day-to-day marketing and sales activities. It’s important for a strategic marketing planning process to look at the company from the customer’s point of view by asking questions that have a long time horizon, such as:

  • What needs or problems cause customers to consider buying from our tech solutions?
  • What improvements in the customer’s personal or business life can we enable or improve?
  • Which customer market segments are attracted to our company or tech service?
  • Which customer motivations or values lead people to decide to purchase our solutions?
  • What changes or trends in our customer base are affecting their general interest or attraction to solutions like ours?

Strategic vs. Tactical Marketing Plans

What makes a strategic marketing plan different from a more tactical marketing communications plan? The key difference is the focus on meshing overall customer situations with your overall company direction.Notice I don’t mention any tactical efforts such as “we should do more in social media,” that comes much later

For tech marketers, this means combining industry sector segmentation and product use with other factors related to purchase decisions. These include the purchase criteria and decision motivations that affect large, enterprise size purchases.

For example, the trend toward increased use of outsourcing to both domestic and global vendors creates markets for those suppliers. However, those vendors need to have a strategic marketing vision in order to see these new markets early enough to take advantage of the opportunity.

Without a strategic marketing plan a company could waste resources or miss an opportunity.

What’s the cost of missing an opportunity? Of course, it’s impossible to know at the time the opportunity is missed, but years later it will become clear when a competitor launches a new solution or enters a new market — and their revenue grows faster than their competitors.

In other words, the annual cost of a strategic marketing plan review is miniscule compared to the revenue, market share, and profitability it can generate.

Developing the Strategic Marketing Plan

The strategic marketing plan process typically has three stages:

  1. Segment the market
    • Geographic
    • Demographic
    • Psychographic
    • Purchase Behavior Drivers
  2. Profile the market segments
    • Revenue potential
    • Market share potential
    • Profitability potential
  3. Develop a market segment marketing strategy
    • Market leader or product line extension
    • Mass marketing or targeted marketing
    • Direct or indirect sales

After analyzing market segments, customer interests, and the purchase process, it’s time to create the strategic marketing plan. The strategic marketing plan document usually includes:

  • Situational Analysis – Where is the company now?
    1. Market Characteristics
    2. Key Success Factors
    3. Competition and Product Comparisons
    4. Technology Considerations
    5. Legal Environment
    6. Social Environment
    7. Problems and Opportunities
  • Marketing Objectives – Where does management want the company to go?
    1. Product Profile
    2. Target Market
    3. Target Volume in Dollars and/or Units
  • Marketing Strategies – What should the company do to achieve its objectives?
    1. Product Strategy
    2. Pricing Strategy
    3. Promotion Strategy
    4. Distribution Strategy
    5. Marketing Strategy Projection

How to Use a Strategic Marketing Plan

Once a company’s executive team has approved the strategic marketing plan it’s time to take the next step — create the tactical marketing programs and projects needed to implement the plan.

These tactical programs can include:

  • Product Development Plan
  • Marketing Communications Plan
  • Sales Development Plan
  • Customer Service Plan

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Tech Marketers Are Your Messages Really Integrated?

September 22, 2009

As I read various Blogs and articles to prepare my own post, i am consistently surprised by reading thoughts such as “Integrated Marketing Initiatives are becoming more attractive…” I am not going to name the source, but this thinking causes me to scratch my head and wonder when Integrated Marketing Communications was not attractive. I have been marketing for over twenty-five years and have been practicing IMC throughout my career. The only way i know how to do it is to integrate all marketing messages, campaigns and channels into one compelling voice that is relevant with target customers.

Okay, enough with the soap box…what does this mean to the Tech Marketer that may be having trouble maintaining a consistent message, organizing its various product teams, sales and marketing department around planning and implementing an integrated campaign? Here are a few thoughts specifically about the message development phase of IMC. I am leaving out all of the upfront research and planning, because, I see the messaging issue fragmented more times than not.

A big stumbling block for integrated marketing efforts is usually a lack of communication between product teams, marketing communications and sales. With each department thinking and speaking with different voices, value propositions and messaging becomes inconsistent and fragmented. For marketing communications efforts to increase their potential for success, there must be alignment with your strategy, products and internal subject matter experts (i.e. Product Management and Product Marketing). Try organizing each department to play a role in the big picture:

Content Providers

  • Relevant marketing messages are very dependent on input from product management and product marketing since most value propositions begin with addressing the target buyer problem or need with a solution that solves the marketplace issue.
  • Product Management should be the content provider defining the fundamental problem, “why” it’s critical to solve, and how your tech solution represent the answer.
  • Product Marketing takes this core value proposition and creates messaging that is relevant to key trends and business drivers influencing market segments.
  • Marketing Communication should act as the delivery engine, ensuring all value messages support the corporate brand identity and delivers those messages via the mediums most likely to connect with buyers.

Customer Voice

  • Product managers should be aware of their target customer’s current needs and accurately anticipate the evolving requirements of their target buyers.
  • Sales teams can round out the thinking by providing valuable insight gained by their conversations with buyers and actual users regarding what they need, want and are willing to buy.

Education

  • Product Management and Product Marketing should act as conduits between markets, customers and internal teams such as engineering/product development and sales. Both should be able to articulate market dynamics and their relationship to real customer business needs before solutions are designed and built. Before, during and after the business needs are met with new tech solutions, these two roles should be educating all internal teams on the market and business drivers behind new and existing offerings.
  • When these functions are relegated to specific tasks  towards the development of messaging, your integrating marketing messages should result in a clear value proposition delivered in a relevant voice of your target customers through marketing vehicles consumed by your target.

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Develop a value proposition for your technology with five simple questions

July 22, 2009

Developing a value proposition at a technology marketing organization can be quite a feat. I have watched and participated in many of these processes and have always found the needed consensus building to be quite cumbersome. The end result can be very powerful, but getting there is the hard part.images

We all learned the who, what ,why, when and where questions and I have used these five simple questions to measure the organizations ability to communicate their value. In most cases, sales and marketing have varied opinions and these may conflict with product development and other department perceptions. The bottom line here is that by answering these questions and building consensus, your ability to market your technology solutions will be focused and more effective.

Although these five questions seem to oversimplify the process, your organization needs to agree on the answers. Usually marketing, sales and other relevant departments are included in this process. Get ready for the challenges

  1. Who? – what audience/segment are you targeting, and why. This first question tends to create a lot of conversations and usually ends up with multiple audiences and segments. Try to limit the audiences.
  2. What? – what do you want/have to say to that segment that is relevant. Once an audience is identified and agreed upon, most tech organization can drum up a lot of messages regarding what points they can say. Usually too many! But the main challenge here is  ensuring that the what you want to say to the audience is relevant
  3. Why? – why would they listen. This is the hardest question to answer for all organizations. The pitfall is that the answers tend to sway towards the basics, our company, our experience, our service, our technology. the key here is that there needs to be some solid differentiation across all of these common answers. Finding the uniqueness your technology and company bring to the market is critical and hard to find a consensus. But this answer drives the overall effectiveness of your position!
  4. When? – when do you contact them, and how often. This answer can be handled with good market and audience research and should result in an integrated marketing communication plan that has the right reach and frequency of messaging.
  5. Where? – where do they want to receive the message. They key issues here is understanding your audience various media consumption habits and not relying on the marketing vehicles preferred by various internal teams. Figuring out how your audience wants to receive message and in what format can only increase the effectiveness of your efforts.

I stress again that this simple process can drive some very agitated meetings, but the in the end with proper census, your technology marketing efforts can be more focused and create the results your organization is looking for.

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Tech Marketers Start Marketing

July 17, 2009

thumbnailIf I were you I would start marketing. Half of this year is over and many tech marketers that I speak with continue to hold their budgets tightly or worse yet, fight to keep their budgets. How do you think six months of limited marketing activity is going to impact your organization in the long term?

At the beginning of this year, numerous research and reports were referenced about how the investment in marketing during a recessionary time period can actually accelerate results when the upswing comes. Of course this reads well, but it is much harder to convince the senior management that marketing spend, their favorite discretionary pool of money to save towards the bottom line, can have a long term payout.

Well now is a good time to initiate some of your plans you have been working on for six months. IT buyers  are still open to messaging and based on recent discussions, many seem to be actively meeting with vendors to review solutions. they may not be ready to act, but they are scoping the market to be better prepared when budget come back into full swing.

Beyond the theory that marketing can be effective during a recession, look at a few practical reasons to make your ad spend more efficient

  1. There is less ad spending out there so your ads, paid search and direct mail activities can get more attention.
  2. Media is cheaper because the various media companies and even print houses are struggling for business. They will negotiate and provide more added value
  3. Internet advertising costs you more in time then actual dollars

There are even perception benefits to advertising now. Your organization will present itself to the market as a stable and solvent resource. This is always important in technology marketing, but even more so now. Tech buyers may view businesses that cut advertising as having trouble. If you’re not advertising, you must be struggling, right? If the viability of your business comes into question in the minds of your customers, they’re less likely to come back. You may be better off continuing to advertise, keeping your brand visible in the marketplace and strong in the minds of your customers.

Bottom line, if you are not moving forward…you are moving backwards.

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Developing Value Propositions For Your Technology Solution

July 9, 2009

thumbnailTechnology marketers need to establish a set of value propositions to address their customers specific requirements and build more qualified selling opportunities. 

Selling your technology based solely on features, pricing, function or even performance will limit your success over a long period of time. 

An effective value proposition for your technology describes what your solution can do in terms of tangible business results for the customer. However, it’s more than a statement of offer or a selling-line. It’s a commitment to deliver a specific combination of resulting experiences, (including a price, to a group of target customers, profitably and better than the competition.)

Your technology should NOT have a singular value proposition, it is essential to recognize that the proposition should reflect value that is important to individual customers

Effective value propositions provide your organization with a number of important benefits:

  • create a strong differential between you and your competitors
  • increase the quantity and quality of sales leads
  • win market share in your targeted segments
  • align your business operations more closely to customer needs

Your value proposition should focus on individual customer needs. Value is the benefit customers perceive when they select a technology solution to a real problem. Focusing only on your technology solution features and benefits offers no value to the customer. For a value proposition to be successful, the customer must perceive that your proposition is superior to every alternative being considered.

Tailor your value propositions to individual customer needs

Many companies try to develop a single value proposition. This is a wrong approach because each customer has different needs and business problems. Effective value propositions are customized to the specific needs of each customer. Although a marketing team can develop value propositions aimed at groups of customers or market segments, it is essential for the sales team to create a unique value proposition that fits individual customers’ specific needs.

The proposition can be refined even further by tailoring it to the needs and concerns of individual decision-makers. To be successful, you need to present the value that means the most to each individual at the time the decision is being made.

Keep your value propositions current

Customers’ needs change, so effective value propositions must be updated to meet the changing needs of customers as well as competitive initiatives. Value based solely on product features, functions, performance, and pricing is not sustainable. If a competitor presents a better offer, your value proposition becomes meaningless.

Communicate your proposition

Getting the value proposition right takes in-depth research, an interest in the needs of your prospective customers, and the discipline to keep refining and testing your proposition. These are the key preliminary stages.

  • Understand the motivations and demands of your audience—this is the key to having emotional appeal within your communications.
  • Distill the technical components of your product or service into benefits—this allows you to engage your audience with relevant information and to answer each reader’s, “What’s in it for me?” question.
  • Establish the scope of your proposition—where, when, and how you intend to use it.

Take a look at a recent editorial on BNET Developing Value Propositions to review some key considerations to further establish your value proposition and allow your organization to achieve more selling opportunities.

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Technology Companies Need to Market to Two Audiences

January 8, 2009

95171_TechnologyEffective marketing of technologies should always target both the technical – decision maker as well as the business decision-maker in an enterprise organization.

A large enterprise relies on many technology solutions to support its structure. Every nook and cranny of the organization uses these technologies to perform their functions, optimize their time and reach their goals. Maintaining such a critical function, reviewing new solutions, and managing the pilots and integration can become overwhelming and requires top talent (and quite of few staff) in these organizations’ IT departments.

So who do you target your message to when you approach these organizations? The busy CTO, CIO, Director of IT?

My experience has proven that your marketing messages need to speak to two audiences in any enterprise organization.

Certainly, the technology-related folks have great interest in optimizing and streamlining their enterprise infrastructure to ensure that it can meet the evolving demand of the organization it supports. However, technology buying has changed and a company that is selling its software, hardware, or even services needs to communicate with the influencers.

Technology companies need to also market to the business decision-makers within their target companies. These could be CEO’s, CFO’s or even Vice  President of Sales at the targeted company. The C suite has tremendous influence over IT purchases.

Remember, technology can deliver both functional and human benefits that extend beyond the IT department. CEO’,s CFO’s, VP’s of Sales, and even Human Resources departments can influence the purchase of a new technology solution.  Sometimes this business decision-maker may even initiate the exploration of new solutions to better fit their department needs.

Targeting both audiences, the technical decision-maker and the business decision-maker, will have different evaluation criteria when reviewing their needs.

  • The business decision-maker will measure the effectiveness of the technology against their department workflow optimization, and how it will add value to their pursuit of the department’s business objectives.
  • The technical decision-maker is charged with ensuring that new solutions will optimize the infrastructure, lower total cost of ownership, and will integrate with the legacy systems fluidly.

Most technology solutions can deliver benefits to each of these audiences.

Smart marketers, acknowledging this dual audience, create the most relevant messaging while utilizing the most appropriate marketing vehicles in order to reach both targets.


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