MarketingSherpa Blog

I like to think of myself as a savvy consumer. I research purchases. I ask friends for suggestions. I look for deals. This has undoubtedly spared me headaches and wasted money — but it has not freed me from clever marketing.

This fact is made clear in a recent Wired article by Dan Ariely, Professor of Behavioral Economics, Duke University. In the piece, Ariely explains the psychological factors that help build Amazon, Facebook, Groupon and other successful companies.

We interviewed Ariely last year about his book, Predictably Irrational: The Hidden Forces That Shape Our Decisions, and published his advice. Here are three marketing insights from his recent article in Wired:

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In many (perhaps most) big companies, we are past the point of debating why we should do social media and more often wondering how we can do social media well.

That’s the good news.

The bad news is that many organizations are making it much more about the media than it is about the social, using traditional incentives and rote communications crumbs cast off from dusty email newsletters.

Smart companies recognize that social media is about a lot more than a Facebook page and that understanding how to BE social is the key to success , more so than worrying how to DO social.

The companies committed to baking sociability into all corners of the operation (what we often call “social business design” these days) will find social media providing three big, non-obvious impacts in the coming years:

– Read more…

This week, I’m taking in the spectacle that is Dreamforce ’11, courtesy of HubSpot. And interestingly enough, I’m finding myself surrounded by unicorns.

At the keynote speech Wednesday morning, Salesforce.com chairman and CEO, Marc Benioff, announced there were 45,000 registered attendees at this San Francisco event.

Here’s an overview of what I’ve seen and done over the first couple of days at Dreamforce … Read more…

The other day I received a question about the desired length of a speaker submission for Email Summit 2012 in Las Vegas…

I noticed that the following questions do not include a word count min. or max. amount:

What can email marketers learn from your content?
Describe the session you would like to present (or organize).

Seeing as this is a major component of the application, is there a required or recommended word length for each?

This is a question I get often about all types of content. How long should my blog post be? How long should my article be?

And the reason we didn’t put a word count on the speaker submission form, is because … Read more…

Location, location, location. No, I’m not talking about real estate, I’m talking about event marketing.

The location of conferences, summits, conventions and user groups is critical to their success. People don’t just go to events to network and learn how to do their jobs better, they want to go to a city they would really want to visit on vacation, like Orlando, or Denver, or Washington, D.C.

Or at least that’s how it used to be. Now, everything has changed. Event attendees are no longer looking for flashy cities, they’re looking for budget-friendly destinations. Reasonable flights. Inexpensive hotel rooms. Goodbye New York City, professionals want to head to cities like St. Louis and Nashville for their industry events.

Here’s the thing. I don’t know which of the above statements is true. We were debating this very challenge, perhaps a similar challenge you’ve faced when planning your own events, in our latest event team meeting.

Share your opinion for a chance to win a $1,695 marketing summit ticket

So, we thought we’d start with a little unscientific, qualitative research. Simply put, which city or cities would be most appealing to you for a future marketing event? Let us know from the list below for your chance to win a ticket to a future MarketingSherpa Summit, such as B2B Summit in San Francisco or Boston, Email Summit in Las Vegas, or, well, you tell us….

(and if there are any cities we’re missing, feel free to let us know in the comments section below)

***UPDATE***

Congratulations to  Carol Reid, Owner/Marketing Consultant, Carol Reid Marketing, winner of a free ticket to a MECLABS summit. She has chosen the upcoming B2B Summit in San Francisco.

Related Resources:

Event Marketing: Regional customer forums improve field events attendance rate by 150%

Never Pull Sofa Duty Again: Stop guessing what your audience wants and start asking

Marketing Intelligence: 3 ways to better serve your customers (and your bottom line)

The Indefensible Blog Post: Actually, the old rules of marketing are pretty good

Recently, my colleague Brad Bortone forwarded me an inquiry from one of our readers, who asked the following:

–

Can you provide any insight into why my newsletter emails would receive a 10% unique CTR and a 3% open rate? Aren’t open rates generally the larger number?

We use XXXXXXXX as our email service provider. Could this be related to how our newsletter renders in the preview pane of email clients?

–

In thinking about this, I realized that many email marketers may be asking the same questions, and could benefit from an extensive reply. Besides, I don’t get much mail around here, so I was excited to help out.

Here is what I wrote in my initial reply: Read more…

Sometimes it’s helpful to challenge the model. And from time to time here on the MarketingSherpa blog, I’ll risk alienating my marketing blogger colleagues by publishing a post that calls into question what everyone else is writing about.

Ah, who am I kidding, I love stirring up the pot.

Today I want to talk about the “Old Rules of Marketing.” If you listen to the conventional wisdom, the old rules of marketing are dead, and there are absolutely new, ingenious, never before-thought-of ways that we’re supposed to market.

So I went up into my attic, dusted off my trusty tome “Ye Olde Rules o’ Marketyng” (picture one of those scenes where Indiana Jones opens a crypt that’s been closed for centuries) and I found…

Well…

Actually, the old rules of marketing are pretty darn good. See, all this digital stuff is pretty cool, and has certainly changed a lot of things. But we – you, me, and the other 6 billion or so inhabitants of our planet – are pretty darn similar to the people that came before us. Human nature has not changed as quickly as communication technology.

After all, in the end, “People don’t buy from websites, people buy from people” as Flint McGlaughlin, Managing Director, of MECLABS has said.

Sure the media you use to communicate with your potential customers may have changed, but the fact that you are communicating with potential customers has not. So let’s take a look at some of the old rules of marketing that I learned when I was just an eager young marketing pup, and see what you can still learn from them today … Read more…

When you think of marketing automation software, you likely think about B2B companies with those long sales cycles, and extensive lead nurturing and scoring to help move prospects through the pipeline. Because at B2C companies the distance from prospective customer to paying customer can be so short, realistically, marketing automation isn’t a necessary tool for many consumer marketers.

And just because marketing automation isn’t a great fit for many B2Cs, it certainly deserves more attention at any company with a longer sales process. Read more…

Lead nurturing is an important part of the longer B2B buying cycle. Not every lead generated is completely ready to become a customer.

Having a process in place that keeps that person in the buying cycle allows you stay visible and provides regular touch points for the nurtured lead. Most lead nurturing programs are very content-heavy and include phone calls and emails sent to the lead offering industry or company information they might find useful.

Lead nurturing by telephone is the more time-intensive effort. Phone calls also offer the opportunity to create a strong connection with the lead. It’s relatively easy to set up an automatic email send with a link to an interesting industry article, or with a white paper attached as a PDF. A phone call provides a great opportunity to discover more information about your lead’s buying cycle and what content they find most valuable.

When calling that lead, you may run into the same problem faced by any teleprospector conducting anything from cold call sales all the way to reaching out to customers — the gatekeeper.

That’s the person somewhere along the trail of that phone call takes that simply says, “No, you cannot speak with that person.”

So if you have a teleprospecting team making these nurturing calls for you, you must make sure that they have more than a great script. They must also have a successful process in place to actually get a hold of the decision maker or influencer.

Three tips to get past the gatekeeper

Facing that roadblock can be frustrating, but Brandon Stamschror, Senior Director of Operations for the Leads Group, MECLABS (the parent company of MarketingSherpa), has three tips to help you reach the person you want to speak with. As part of our Leads Group, he has plenty of experience picking up the phone and reaching out to prospects and leads. Read more…

Reacting to an increasingly competitive marketing automation software field, last spring Eloqua created an independent content marketing department.

The idea was to bring the company into what VP of Content Marketing at Eloqua, Joe Chernov, described as the “marketing 2.0” world — the shift from transactional marketing to social/conversational marketing.

Early in the process of putting its content marketing strategy together, Eloqua decided to differentiate itself from the competition by putting a strong emphasis on visual appeal and design elements. This means releasing a steady diet of infographics, and putting more attention on design in live events and even the typically stodgy old white paper.

Build, buy or hire?

Because visual appeal was going to be a key aspect of all its content marketing efforts, getting the right people to execute the design work was very important to Eloqua. Typically two options are considered:

• Create from scratch or utilize an existing internal art/design department within the company
• Find a vendor and pay them by the piece for each design project.

Eloqua went a third direction. It found a design firm doing the work Eloqua was looking for and put them on retainer.

And even more unconventionally, Eloqua actually gives that firm — JESS3 — prominent credit for all its work.

Example of JESS3's work (click to enlarge)

Joe says, “We give them a shout-out for everything they create and I have gotten some pushback internally saying, ‘Look, we bought this.'”

He adds, “My view is, ‘Why not?’ JESS3 is a really hot company. And if somebody is putting their name on something, aren’t they going to do the very best work versus if their name wasn’t on it?”

Joe also says Eloqua is getting additional social media and other benefits by connecting their B2B brand to a design firm with a completely different following. When a content piece, blog post or press release goes out mentioning JESS3 alongside Eloqua, the design company’s fans share those links with an entirely new demographic. And that, Joe explains, gives Eloqua additional “top of the funnel” exposure.

Sometimes reality steps in …

And every once in a while something happens that puts an easy-to-see monetary value on taking the unconventional route. Unexpected changes in content marketing publishing plans can leave a team scrambling, and paying additional fees to contract-based creative talent.

I’ll let Joe explain just that occurrence with a recent major content piece, and how having JESS3 on retainer saved Eloqua time and money:

On June 28th the Social Media ProBook was declared final. Done. Complete.

The final version had been approved and it would be published the following day. I’d even made a quip to the team, “Not one more damn edit. I don’t care if there is a typo or two. We’ll survive. This project is ‘a wrap.’ It goes live tomorrow.”

Then, later that same day, Google+ launched. How could we go live with the “social media pro’s” book on social media without so much as mentioning Google’s long-awaited re-entry into the space? We couldn’t.

So I over-ruled myself, and we scrambled to insert a section on Google+, a section that had a major impact on page layout. Had JESS3 been paid by the project, this significant last-minute change may have been an “outside of scope” addition. After all, I had just emphatically declared the project complete. But given the retainer model, our relationship isn’t a series of discrete projects, but rather a constant hum of collaboration, output and refinement.

In the case of the Social Media ProBook, we refined it after it was “final” but before it was published, thanks, in large part, to the continuity that comes with a retainer.

Related Resources

Content Marketing: Four tactics that led to $2.5 million in annual contracts (Members library)

SEO Tactics Chart: Creating content is the most-effective tactic — here’s how to get started

Inbound Marketing: Unlock the content from your emails and social marketing

Content Marketing: Should you lure a journalist over to the “dark side?”

Content Marketing: Analytics drive relevant content, 26,000 new monthly visits to blog (Members library)

Content Marketing: Inbound strategy pulls in 25% more revenue, 70% more leads (Members library)

Marketing Strategy: Revenue-oriented approach leads to 700% two-year growth (Members library)

Lead Generation: A closer look at a B2B company’s cost-per-lead and prospect generation

Lead Generation: Testing form field length reduces cost-per-lead by $10.66