MarketingSherpa Blog

The current global economy has been a tough place for quite some time, and this week’s events on Wall Street aren’t providing any reassurance that things will pick up any time soon. Throw in a bleak forecast from the federal government, and it’s enough to make a marketer wonder which way to turn.

Jen Doyle, Senior Research Manager, MarketingSherpa, and I had a recent chat on this very subject. She offered some advice to help focus marketing efforts, even when resources are tight.

It all begins with the lead …

Tight resources include time, staffing and budgets, and Jen says, “Because of this, the quick fix is sought after. The truth is, in order to get results and convert modern buyers in a struggling economy, we have to address the full spectrum of the funnel.”

She offered six big picture tactics to help uncover and convert new prospects: Read more…

Email marketers, start your engines! The MarketingSherpa 2012 Email Awards contest is now under way. Enter today for your chance to win this year’s grand prize – a paid trip for two to Email Summit 2012 in Las Vegas. The contest is sponsored by Responsys, and entry is free-of-charge.

I recently received a stark reminder of the types of emails we look for in our “Best Email Innovation” category. Anna Yeaman, Creative Director at Style Campaign, described to me a technology her team developed that can dynamically update an email’s images at the time of opening.

For example, Style Campaign tested this system last year by sending a holiday email to its subscribers. The email gradually revealed a fun holiday image over the course of the day. Subscribers could see a little more of the image each time they checked the email, even if they had previously checked a few seconds earlier. The campaign featured a new image each day for five days.

“This was the first deployment of our dynamic imaging technology. We really wanted to test the whole proof-of-concept and see if we could get users to re-open the same email again and again over a period of time,” Yeaman says.

The test proved successful. Stats include: 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…

One of the most interesting things about life is that we change. Our interests change. Our habits change. Our jobs and locations change. So it goes without saying that our email subscribers will change. The question is whether you can change with them.

Now, I am not advocating that you launch a “singles” newsletter every time a subscriber gets a divorce. However, it can be helpful to make your email program flexible enough to accommodate subscribers’ changing needs.

How do you make your email program more flexible? You can start by having a good preference center that clearly explains your options. Here’s a good example from AAA (click this link to visit the full preferences page): Read more…

My first experience with a lead funnel was the IBM Signature Selling Methodology. I was struck with what a simple illustration this was to such a complex challenge – how do you get companies to buy expensive stuff and people to bet their careers on it?

While IBM’s SSM is essentially a sales tool, B2B marketers face the same challenges, and, because of the maddening complexity inherent in that simple question, a well thought-out funnel can be a useful planning tool to making sure you align all the many facets of sales and marketing you have to get right to close business.

Of course, once you map out your funnel, you’re not done. Like a good diet and exercise plan, you have to continue to optimize your funnel. To help you do just that, the MarketingSherpa team has put together the below infographic and has taken a funnel optimization approach to the content at B2B Summit 2011 in Boston and San Francisco.

“The infographic was developed from the results of our upcoming 2012 B2B Marketing Benchmark Study,” according to Jen Doyle, Senior Research Manager, MECLABS. “This study focused on identifying the most effective strategies and tactics for attracting and converting the modern B2B buyer, and benchmarking B2B marketing performance. It represents the scope of our study, which dissected all stages of the funnel, from lead generation to sales conversion.” 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…

Remember when you were a kid and thought your parents were getting you the greatest present in the world? Maybe you were expecting a BB gun or a pony, but they got you socks instead? Or some other lame present?

Think back to that exact moment when you saw the present and thought “How did they fit a pony into that tiny box?” Then you opened it, blew out your candles, and wished for new parents.

That feeling of crushing disappointment should remind you of what it is like to have your expectations overlooked. That memory can help you improve the quality of your email database.

When people opt-into your emails, they have expectations of what they will receive. Your subscribers will probably not throw a temper tantrum and hurl cake on the walls if you miss their expectations. However, they will be more inclined to ignore your emails and mark them as spam, which undermines your email marketing.

The solution is to very clearly explain your email program at the point of opt-in. This will correctly set people’s expectations. They can decide if your emails have something they want. If they want it, great; they can sign up and become active subscribers. If they don’t want it, great; they will not sign up and not add to the dead weight in your database.

Here’s a good example of how CIO, an IT-management publication, sets expectations for its newsletters (click the image for a larger view). 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

You’re in a meeting. The CEO asks the CFO what he thinks about something. The CFO tells the CEO what he thinks, and the CEO nods. He accepts the CFO’s answer.

The CEO then asks the head of product development about something, and the same thing happens. Acceptance. Respect.

Then, the CEO asks you something. You answer. The CEO starts questioning you, listens half-heartedly to your answer, then turns to others in the room and asks their opinion – about a marketing issue!

Why does this happen? Why don’t you just “get the nod?”

Because you are making a fundamental mistake. You are basing your advice – and staking your reputation – on what you know about marketing, rather than how well you know your customer.

Who is your customer? How did that customer find you, and why did he buy from you? What does that customer tell others about you? Even more important, what does the customer wish your company would do for him? That knowledge is your only true source of power. You may think you know these things, but in my experience, you’re probably missing the mark. Everyone else does.

I’m going to teach you how to change this “no nod” dynamic for good, in my keynotes at the B2B Summit in Boston and San Francisco. I’m going to teach you how to get the information you need from customers, present it to management so they “get it,” and make the kinds of decisions – strategic and tactical – that will not only give you the nod, but give you the kinds of results that every marketer wishes they could deliver.

But before I put these presentations together, I am going to “eat my own dog food” as we used to say in Silicon Valley. I practice what I preach.

I want to interview you

If you’re coming to a B2B Summit, I want to talk to you to make sure that what I present will address your very specific concerns, and will give you practical, take-it-back-to-the-office-and-make-it-work advice.

As I interview you, you will have the chance to experience a proven, customer-intelligence-gathering interviewing process first-hand, as the customer. This will help you when you start to put those new, “get the nod” practices into action in your own company – and in your career.

I will only need to talk to about ten of you, so if you want to be part of this process, let MarketingSherpa know now. I only need your name and email address; I’ll contact you to set up a phone appointment.

Thanks, and I am looking forward to our conversation.

Related Resources

Marketing Career: How to become an indispensable asset to your company (even in a bad economy)

The Indefensible Blog Post: Forget Charlie Sheen, here are 5 marketing lessons from marketers

The Data Vs Creativity Debate: Is successful marketing driven by analytics or art?

Guided by Buyers: Four tactics to create a customer-centric sales and marketing strategy (Members-Only Library)