Tech Marketers: Build Trust..Publish It At Least 3 Times

April 8, 2010

Trust is the foundation for all business relationships, I am pretty sure no one will argue this thought.

The most common and effective form of building trust is usually the one-on one meeting between your sales team and the customers and prospects. In fact, for those that remember, this is how the tech business really established itself. The tech buyers would meet with a variety of sales people from various technology companies. They would be handed brochures and reports, sometimes even case studies. Most of the collateral was real techy, but the sales team would establish the trust through conversation and their ability to demonstrate their expertise.

So why am I talking about this. Because this doesn’t happen as often as it used to. Tech buyers are doing their own research ( most of it on-line) to scope out providers that can deliver the solutions they seek. The tech buyers have taken more control over how the relationship can start, leaving your sales team limited opportunity to establish this trust. In fact, now we have business decision makers also in the process that need to trust your technology solutions as well as your company. Again, with limited opportunity to actually meet with them on-on-one doesn’t usually occur until they are half way down the decision-making process.

This is where Tech marketing folks come in to the picture. With limited opportunities to have ono-on-one interactions with tech buyers, the marketing department needs to create the conversations and build trust through their marketing efforts. This is not easy and requires a dedicated strategy to nurture the prospects and reaffirm the customers against buying decisions. Messaging must address the targets business issues and be delivered in a transparent tone. I have said it before and will say it agin, Content is King. Your messaging must be relevant and include proof ponts to build your credibility.

Most importantly, the frequency of your marketing needs to be ramped up. More frequency is critical to ensure your tech company has a commanding market presence and is easily accessable during the tech buyers search.

This point is further supported by A recently released Edelman the 2010 Barometer Report. Not that all of the information is geared towards B2B or even technology, but it does have something quite useful for tech marketers. Based on their annual survey, the report suggests that 60% of those surveyed need to receive a companies message 3-5 times in order for the message to become trusted. Those surveyed also suggested when asked which stakeholder should be most important to a CEO’s business decisions, 52 percent said that “all stakeholders are equally important”

So what does this tell us about building trust on how marketing teams can influence it.

First, beyond the relevance of your content, the types of messages you  build in your content need to come from different voices of your company, sales, marketing, your ceo, your tech experts etc..

Secondly, using multi-channel delivery can be very effective as long as you ensure you have frequency built into your plan.

Trust is something that is earned over time and common logic will tell you that frequent and consistent conversations with your prospects will allow you to build the trust you seek among your customer based.


Tech Marketers: Content Will Align Your Sales Teams

April 5, 2010

Well the first quarter has moved quickly in the technology sector and business has shown signs of renewal. But technology marketers still have many challenges ahead of them. The marketing budgets at technology companies still have not been fully restored and probably will not be for some time. The true challenge for tech marketers will be to transform your department to better serve and support your sales teams with strategies and tactics to nurture the tech buyers.

I have been meaning to share a quick summary of  ITSMA’s 2010 State of the Marketing Profession Address authored by President Dave Munn and Senior Vice President Julie Schwartz. Together these two share some great insight that identifies areas for improvement with tech marketers. Once again, it comes down to creating relevant content, a theme  I have been harping on for quite some time.

With tech marketers still strapped for budgets, all of us in the industry need to “do more with less”. I know it sounds cliché, but the CIO’s and tech buyers out there have provided the two authors with some actionable insights for all of us tech marketing folks to consider as we think through marketing strategies. For starters, below is a quick chart that summarizes top priorities of CIO’s in the 2010 year.

http://www.itsma.com/images/research/1003_strategistgraph.gif

It no surprise that enabling the sales force is in the top position. The discussion around aligning marketing and sales teams are becoming real corporate efforts at this point. Sales enablement allows the marketing teams to step towards this objective by supporting the sales departments with relevant marketing messages and tools so the sales force can generate and close leads. Isn’t this what the marketing team is supposed to be doing? In fact all three of the top priorities identified in this report can move an organization towards more sales and marketing alignment as these three focus areas tend to be shared goals of both departments.

Getting there will require marketing teams to alter their approach as tech buyers have become more savvy:

The Itsma report suggests that Tech Buyer behavior is changing .

The buyers have become, More powerful and knowledgeable, More selective, More Value conscious and seek insight and ideas
–Only 50% of buyers think the content and vehicles providers use to bring them new ideas are effective

For tech marketers to succeed, they will need to transform their approach by creating a content generation engine that:
–Integrate sales and marketing via the marriage of CRM and marketing automation

–Invest in marketing analytics to predict and improve results

By generating relevant content and integrated campaigns to generate leads you can support and enable your sales team to move your prospects towards the close. Reaching the shared goals of both departments and moving closer to alignment.


Tech Marketers: The Right Mind-Set Drives Thought Leadership

March 16, 2010

As many of you tech marketers understand at this point, building credibility can positively impact the activities of your sales force. With a company wide effort to publish important and relevant content the sales process can be shortened by ensuring the tech buyers perceive your organization is leading the market and has deep expertise around specific issues. To be most effective with thought leadership, the marketing team needs to have a plan in place. I have suggested before that your team should think like publishers and put together an editorial calender outlining the topics to be covered throughout the year.

There is a large quantity of information regarding thought leadership on the web and I recently came across an article in marketing profs authored by  Paul Mckeon the president of The Content Factor. In the article, Paul outlines five best practices for generating thought leadership. He takes a different approach in terms of identifying the mind-set your organization should be focused toward to ensure a succesful thought leadership approach.

1. Clearly define your own brand of thought leadership

Before you embark, be sure you know where you are going. That means having a clear understanding of what thought leadership means in general, in your marketspace, and for your company. Such clarity will ensure that other key stakeholders in your organization follow you, and it will help them understand what it takes.

Experts agree that thought leadership is one of the most misunderstood, overused, and abused terms in business.

“Thought leadership is one of those terms people throw around with no idea what it means,” said Beverly McDonald, former chief communication officer at Infor, a $2 billion software company.

“People think it means repeating what has already been said in the marketplace and if they do it with more frequency they’ll rise above the noise. Or they think it’s an alternative way to get their name in the press when they can’t get attention with any real news. The bottom line for me has always been that you can’t be a great thought leader unless you have great thoughts.”

2. Be guided by generosity

Thought leadership is a commitment to a grander goal than lead generation.

On her blog, elise.com, Elise Bauer says that a spirit of generosity is essential to thought leadership, and it’s a good summary of the shift in mindset that should occur when a company makes the transition from business leader to thought leader.

“Thought leadership requires generosity of one’s time, intelligence and knowledge,” Bauer counsels.

Consider the phrase “a rising tide lifts all boats” as a mantra for your thought-leadership efforts, and understand that with a little patience your company will benefit from your work. Companies will look to you for insight and innovation. The media will quote you, and analysts will respect you. And rest assured that your brand will have earned a new credibility and glow that, although difficult to quantify on a spreadsheet, will build your company’s success over the long term.

3. Tell, don’t sell

In our post-credit meltdown marketplace, the consumer—whether B2B or B2C—is more skeptical than ever and can spot an insincere bit of “trust me” marketing a mile away. That is all the more reason for companies to exercise due diligence when starting a thought-leadership program. Be sure it is more “chalk talk” than “pep talk.”

For example, if whitepapers are part of the program, be sure you understand that they should offer objective analysis of an industry issue or problem, not promotion or technical documentation of your products. A whitepaper should accomplish the following:

  • Justify why the problem must be solved
  • Objectively explore alternative ways to solve the problem
  • Logically lead the reader to the conclusion that your organization has the knowledge, expertise, and tools required to solve the problem

4. Take yourself out of the story

Ken Anderberg, publisher and editorial director of Health Management Technology magazine, looks for people who take a bold stand on the issues when he selects contributors to the publication’s regular “Thought Leaders” column.

“The contributors should be presenting an overview that is not self-serving,” he said. “We’re looking for information that is useful for your readers, not a self-serving discussion of a company’s technology.”

5. Take risks; be visionary

Many companies measure a marketing effort’s success solely by how many leads it generates. That shortsighted view doesn’t take into account the longer-term return on investment of a thought-leadership program.

They are also apprehensive about sharing information that goes beyond what is contained in corporate collateral or on their website.

What they don’t stop to consider is that all organizations have a “secret sauce” or “family jewels” that set them apart, and keeping them locked away in the far corners of the organization is not the behavior of a true thought leader, especially not in today’s connected world.

Bottom Line: With the right mind set and expectations, your thought leadership can build your organization’s credibility and truly position itself as a thought leader.


Tech Marketers: Top Reasons That Prevent Content Marketing

March 8, 2010

Content marketing is not going away so marketers in technology companies might want to pull a plan together to ensure they are communicating with their audience in a more relevant manner. In today’s tight economy ( although, it looks like it is getting better), budgets remain tight and limit the big message blasting available to most organizations. Content marketing is a viable alternative to reach your buyers in media that they consume and rely on for their information.

But, it is not easy. Developing consistent and relevant content relies on listening, analyzing and creating valuable information. Most organizations have a hard time setting up the structure to actually stick to the plan. To ensure you can successfully set up a methodology in your marketing department dedicated to content marketing avoid some of the common pitfalls listed below:

  1. Your company is set up to sell products or services, not to provide relevant and valuable information to customers and prospects. It takes a real mindset change to start thinking about your customers’ informational needs as part of your marketing strategy.
  2. You have well-worn marketing paths that are easy to follow.  Going off the beaten path into uncharted territory is intimidating.
  3. You have strong relationships with media partners that may go back decades.  It’s not easy to break those relationships by pursuing a brand-new content marketing strategy.
  4. The reduced effectiveness of traditional marketing may have occurred so slowly that no alarm bells have gone off within your organization. You also may think things will come back at some point.
  5. Many companies (possibly yours) aren’t measuring their marketing, so you may not even be sure what is and what is not effective. Hard to make any changes when you don’t know.
  6. You lack both the right people and the right processes to implement a new kind of marketing.
  7. You are reluctant to abandon traditional marketing tactics for what they may believe to be unproven content marketing or new media practices.
  8. You lack content marketing role models from whom they can learn best practices.
  9. You place very little value in marketing versus other aspects of the organization (operations, product development). Little do you know, that every part of the organization is affected by (or actually is) marketing.
  10. Even though I’d hate to think this one is true, I’ve seen it first hand…You have some real incompetent persons running marketing for your company that don’t have a clue about the needs of your customers or what to do about it. Before you can even look at content marketing, you have to ditch them.

Tech Marketers: Your First Impression Counts with CIOs

February 9, 2010

If you are marketing technology, here is another reason why your sales team needs you to focus on nurturing your target audience with a fully integrated effort.

The CIO Executive Council recently interviewed 277 senior IT executives in October and November 2009 to gain a better understanding of vendor solicitation. Although the full ” Field Report” results are to be published in February, the first look at the results solidify general thinking in the market. Over 50% of unsolicited cold calls by your sales force are found to be the most annoying first contact method listed by the senior IT executives. I don’t think this is a surprise since logic suggests that the target should have some understanding of your solutions and organization before they are contacted.

More importantly, these senior IT executives found that the caller was not prepared and had little knowledge of the targets’ organizational needs in half of the contacts that actually connected.

The list goes on in terms of unsolicited contact strategies deployed by technology marketers. Unsolicited emails, email content that added no value, voice mails that had no clear message were also stated in the survey as being ineffective in a first contact strategy. CMOs, are you experiencing this at your organization? This can be solved with marketing. The sales force cannot do it alone and needs your marketing team to lay the ground work for more successful interactions with the IT buying target.

When these senior IT executives were asked how a vendor should differentiate themselves when contacting CIOs, they listed off the basic content a marketing team is expected to create and distribute using a variety of marketing communications materials and tactics.

  • Name references that are relevant to our own company and known/respected by me
  • How their product cost or feature set is tailored to companies of our size
  • How their product fits with our current IT implementations or standards
  • How their product cost or feature set is tailored to companies in our industry
  • How their product is competitively different and superior
  • What they are already providing to companies like ours
  • How their product could help us accomplish our specific business or IT goals

The results outline the simple fact that CIOs and non-incumbent vendors find that establishing a relationship for the first time is hindered by inadequacies and difficulties inherent in the approach for first contact. A smart marketing plan (or even an account specific plan) developed with your sales force can better prepare your content to ensure it’s relevant, your approach to ensure delivery of your message in channels that your target trusts,  and your follow through to successfully  nurture and establish these relationships with key decision makers.

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Tech Marketers: CIOs Want To Create Value

February 5, 2010

It’s a given that today’s CIOs must use information technology to support and enhance business goals. Organizations continue to raise expectations towards how the CIOs will create value for the organization while enhancing business processes and containing IT costs. This is a tough challenge and puts quite a lot of pressure on the CIO audience. But here lies the opportunity for technology marketers. By developing messages that are relevant to this current CIO mindset and demonstrating how your technology solutions will create the value sought by the CIO, you become more effective in your marketing efforts.

Marketing your technology solutions with messages focused merely on cost reduction will not breakthrough in today’s economy. Almost every marketing message is talking about cost reduction, so how can your message standout? Map your message to demonstrate how your solution will extend across the entire value chain of the organization like streamlining internal processes, restructuring operations, innovative ideas to make the business more agile and responsive, integration of the partner ecosystem such as suppliers, customers, service providers etc. These can all be messages that prove out your organization’s innovation, and how the CIO can bring value to their organization.

The role of the CIO has transformed to a value creator and an innovator, rather than being a mere ‘techie’ in the organization so your messages need to support this shift in thinking to get on their radar and be considered. Try to rise above the routine and mundane cost-saving messages and specific IT function and align your messaging to the CIOs  need to create value for their organizations.

Of course this will take a few meetings with your sales team and product teams to gather the raw information needed to create relevant messaging. So I have included some starter thoughts about the top CIO priorities for 2010 as gathered by Gartner. Use these to map your messages that relate toward overall business value and you may have a better shot at getting to the table.

Top 10 Business and Technology Priorities in 2010

Top 10 Business Priorities Ranking Top 10 Technology Priorities Ranking
Business process improvement 1 Virtualization 1
Reducing enterprise costs 2 Cloud computing 2
Increasing the use of information/analytics 3 Web 2.0 3
Improving enterprise workforce effectiveness 4 Networking, voice and data communications 4
Attracting and retaining new customers 5 Business Intelligence 5
Managing change initiatives 6 Mobile technologies 6
Creating new products or services (innovation) 7 Data/document management and storage 7
Targeting customers and markets more effectively 8 Service-oriented applications and architecture 8
Consolidating business operations 9 Security technologies 9
Expanding current customer relationships 10 IT management 10

Source: Gartner EXP (January 2010)


Tech Marketers: Quick Reminder Strategy Comes First

January 26, 2010

CMO’s at tech companies need to ensure their team is focused on strategy first. I have had recent discussions with many marketing departments at technology companies that cause me a bit of concern. Often, the conversations among these marketers tend t0 focus on what marketing vehicles should be used. I can’t count how many times I heard ‘let’s do a direct mail’ or ‘we should look into social media,’ without a mention of the objective, audience, or – for that matter – the desired result.  This concerns me greatly as I believe these marketers have the talent and the know how, but seem to be so focused on the tactical efforts due to heavy influence of a sales team or perhaps their senior management to get something out there.

A common trap inside these corporate marketing departments assumes that when you talk about marketing, you’re automatically talking about tactical marketing – placing ads, generating leads, sending out mailers, attending tradeshows, creating brochures, implementing a follow-up system, and so forth.

There is a failure to realize that the strategic side  – what you say, how you say it, and who you say it to – is always more important than the marketing medium of how you deliver it.

The distinction between the two is critical and these marketing folks need to stay focused on their strategies without undue influence from other departments. Now, I am not suggesting that the sales team input is not important. I do believe in alignment, but the conversations seem to shift to marketing tactic versus the bigger objectives. Tactical marketing is the execution of your marketing plan, such as generating leads, placing media, creating marketing tools, and implementing a follow-up system. In other words, it’s the medium in which your message is delivered.

Strategic marketing has to do with the content of your marketing message and starts with understanding your customers and the issues that are important to them, understanding why they buy or make a decision.

Just putting a marketing message in an appropriate medium for your target audience to hear or read is not good enough. The strategy must derive from an understanding of what’s important to to the target audience. Otherwise, this tactical part of the marketing process will be much less effective, resulting in ads that under-perform.

Many companies simply try to craft their sales pitch more before they find out how to provide a solution to their consumers’ needs.

Sorry if this sounds like a rant, the true intent is to remind all of your busy tech marketers to stay focused.

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Tech Marketers: Too Much Proof = Bad Content

January 21, 2010

When developing your content to build credibility for your tech solution it makes common sense to include data to back up your claims.  Let’s face it, we are taught throughout our educational years to demonstrate and prove our intended results with documented evidence. There are so many technology solutions competing for share of voice, that incorporating proof data to build credibility in your marketing message should be automatic. Without the backing of data to support your claims, you leave your prospect simply wondering if they should take a chance on your solution.

But how much data? With technology solutions, I have reviewed many “pitches” that incorporate pages and pages of data to prove out their thinking. Marketing teams at technology companies that have adopted the content approach are gathering and analyzing data toward developing their proof points. Certainly they are demonstrating their commitment to content development which is quite necessary for their marketing initiatives. But I am often surprised by the results of this activity. Most often this content is delivered through heavy white papers and elongated sales brochures, powerpoints that can go one for days, all filled with mounds of data and proof points to back their claims.

I am not a tech buyer, but I read a lot of this content and am amazed at the quantity of data and the quality. There are some messages that have an overwhelming amount of data to support their claims, and causes me to become suspicious of their claims. It is almost too good to be true.

We can only comprehend so much. Our minds have limits in our ability to digest information and too much knowledge can undermine the intended message, greatly diminishing the intended credibility.

Developing content should be a critical component to your external marketing initiatives, but balancing the amount of benefits and proof points included within your messaging should consider the audiences ability to comprehend and digest your message. If you are truly attempting to build credibility for your tech solution, limit your messaging to four or five data points that can prove out your claims.

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Tech Marketers: One Leadership Goal Drives Successful Sales Enablement

January 13, 2010
There’s a fundamental shift happening in technology marketing around the globe today, as the formerly adversarial relationship between sales and marketing is being replaced by a new level of collaboration driven by the need to achieve shared goals. Marketers face increasing pressure to provide sales with content that meets a specific need at a specific point in the sales cycle and at the same time marketing departments are challenged to reduce  customer acquisition costs. This means that marketers need to shift from supporting, to enabling the sales team.
CMO’s at many technology companies are implementing more refined sales enablement programs to better the alignment of these two departments. But here is the bottom line, these sales enablement programs, no matter the intention of both sales and marketing are only going to be successful with the appropriate leadership in place. Too often, marketing and sales attempt to align with each department head calling the shots and driving the strategy with their department needs in mind. This tends to cause confusion and hampers the process.
ITSMA’s most recent study Sales Enablement Practices and Trends: Increasing Marketing’s Impact suggests sales enablement needs to fall under a unified leadership in order to be the most effective. It helps assure that the burden to improve performance will be shared fairly between marketing and sales. It also creates a single point of authority and accountability for improving the processes that marketing and sales share. Julie Schwartz, from ITSMA details six reasons as to why sales and marketing need to share the accountability and leadership for effective sales enablement efforts:
  1. Integrate a split buying process. Many companies still treat the buying process as having two separate and distinct pieces, with marketing generating leads and then handing leads off to sales. But marketing and sales should collaborate to move the customer/prospect through the entire customer buying process, not just hand off leads.
  2. Create a single system for tracking leads. One of the best ways to encourage collaboration between marketing and sales is to integrate a marketing automation system with sales’ CRM system to track lead generation and nurturing. But that kind of integration requires leadership.
  3. Reduce indirect selling activities. Shared leadership would also help eliminate the inefficiency that’s occurring right now in the sales process. Salespeople spend 23% of their time on indirect selling activities (lead generation and tracking, planning, account management, creating presentations, customer research, after-sales service, etc.). This is time that could be better spent in front of customers.
  4. Make marketing accountable for that reduction. If sales enablement is all about reducing the cost and effort to move a prospect through the buying process, marketers need to be taking steps to reduce the time that salespeople spend on activities that marketers could be doing more efficiently. But until more marketing organizations become accountable for reducing the time sales spends in indirect selling activities, improvements are less likely. We found that just 11% of marketing organizations are held accountable for doing this now, whereas 37% are in the planning stages. A strong, shared marketing and sales leader could convince the other 51% to get started soon.
  5. Help marketing improve its most effective programs. In our survey, marketers told us that the three most effective sales enablement activities are reference programs, ROI/price justification tools, and client briefing centers. To be effective, all these programs require close collaboration between sales and marketing.
  6. Know what the other hand is doing. We found that companies that are succeeding at sales enablement use quantitative metrics to gauge the impact of sales enablement activities, such as:
    • Number of closed deals influenced by marketing
    • Number of opportunities in the pipeline
    • Number of sales-ready leads generated

If we are going to close the gap between marketing and sales and truly reduce the cost and effort to move a prospect through the buying process, it’s time for marketing and sales to get together.

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Tech Marketers, it is time to evaluate your lead nurturing efforts

November 30, 2009

Whether you have a lead nurturing strategy in place or you are about to incorporate this strategy in to your lead generation activities, now is a good time to evaluate your nurturing approach.

A quick recap of the definition of lead nurturing: In a complex sales cycle, nurturing is a relationship-building approach utilizing multiple media to provide relevant information to prospects and engage in an ongoing dialog until qualified prospects are deemed “sales ready.” A smart nurturing strategy shortens the sales cycle and improves return on investment from lead-generation activities, so it is important to reconsider or re-evaluate your nurturing strategy frequently.

If you read about the effectiveness of well thought out lead nurturing efforts, you may have come across data that suggests some lead nurturing programs can yield anywhere from 15% to 200% in additional, new qualified leads.  Close ratios are higher.  Sales pipelines open up and are stronger.  Average sales cycles are shorter.  One company determined that its nurtured prospects bought from 100% to 250% more than those that were not nurtured.  Lastly, many nurtured prospects cited greater overall positive impression of the company.  Bottom line is that a properly planned lead nurture strategy can drive results.

Ardath Albee, a known B2B Marketing Strategist, recently outlined some basic evaluation criteria to evaluate your lead nurturing efforts. These are great thought starters and should be discussed among your team responsible for lead nurturing.

3 steps for evaluation that will help you create a baseline for building an effective nurturing program.

First – About your customers:

  • Who buys from us?
  • Why do they buy from us?
  • What do they need to know to make a purchase decision?
  • Who influences our buyers?
  • What could stop them from choosing to buy?
  • Is one kind of customer more ideal than another? Why?
  • What’s your best foot-in-the-door sale?

Second – Evaluate your prospect database:

  • Who’s in it?
  • Did THEY opt in or did YOU opt them in?
  • How do the prospects in your database match up with what you know about your customers?
  • How are you getting more prospects to opt in?
  • When’s the last time your database heard from you?
  • What topics have they responded to?
  • What’s your opt out rate?

Third – Audit Your Website:

See Ardath’s recent blog post about how to audit your web pages.

  • How much information on your website matches the answers to the questions in the About Your Customers step above?
  • What can be improved?

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