Six Especially Unfortunate Marketing Mistakes

by admin on February 18th, 2010, 1 Comment

As you may have read from another section in our site, the Gap Analysis we perform for clients assess their marketing messages with relevant messages shared by their target audience.

The “gap” between the client and their marketplace (and yes, practically every company has one) is often filled with unfortunate misunderstandings, alternate posts, comments and ratings in favor of the competition, and unanswered questions to which you could respond compellingly. After performing this work across a wide array of industries and client types, we began developing an “e-kit” to help marketers understand the importance of closing the gap they’re facing.

We decided to share a small portion with you that we lovingly call . . .
Six Especially Unfortunate Marketing Mistakes to Avoid in a Recession:

1. Thinking too narrowly about your company and its offerings. Never underestimate the marketplace’s ability to be resourceful and determined to develop solutions that may even equal the qualities of your product or service. Tip: forget your product names and hype for a second. Do a search for the attributes or benefits of your product or service in relevant forums or social networks. You’ll probably be surprised by the results.

2. Not speaking to their ‘pain’ . Think of it this way. When you hurt your arm, do you search for topics (in search engines, bookmarks, or social networks) that have to do with, say, a medicated splint, or do you search for topics that describe how your arm feels? It’s easy to talk about the solution, but that’s not the only – or the best – way, necessarily. Tip: Answer this question: “What is the big problem my company solves?” Does your website and other marketing materials address that thoroughly or only cursorily? Once your target market connects with your message, you almost want them to murmur to themselves, “wow, that’s me.”

3. Overcomplicating the buying / selling process. The beauty of the online marketplace is that it is impulsive – even about important decisions. An educational services provider understood this best when it added automatic call-back to its online marketing campaign. The switch instantly increased sales and shrunk the sales cycle by over 25%. Tip: drink a ½ gallon of water. Now simulate the buying process. Which came first, the purchase or the sprint to the bathroom? Alternately, go to a busy, crowded place and follow your company’s buying process. Is it easy to follow with all the distractions and noise?

4. Treating customers like what they’re worth. We see it again and again. Small customers get the worst treatment. Sometimes it’s intentional, most of the time it’s the result of internal prioritization decisions. Spending less time on smaller clients may seem like a smart business decision until you realize that they blog and complain in industry and consumer forums just as much (if not more) than larger clients. Tip: Stay true to your “sweet spot.”

5. Not offering any entry-level products (we’re in a recession for Pete’s sake). As mentioned in the first bullet, the marketplace will come up with an appropriate solution for their needs, and in this economy, they’re more motivated than ever. Clients and customers have demonstrated that they still want to spend, but they’re much more adverse to risk. Tip: Pull the right people in a room right now and start brainstorming ways you can sell smaller products or services to remain attractive to the marketplace. And, treat them the same as all your clients. Alternately, develop more than a dozen reasons to buy your existing offerings. Make it super safe for them to make a buying decision.

6. Thinking that there’s no way to incorporate causes into your marketing. More than ever, in BtoC or BtoB sectors, consumers give more respect to corporations that demonstrate their values as a normal course of doing business. There are dozens of legitimate charities that could use your help and would be happy to help spread the word about your company, executive, or product line. Tip: Visit CharityNavigator.org to learn which charities have the best track records and would make the best partners.

Are you making one or more of the above mistakes? Ask for feedback from your customers and partners. Look in social networks for comments that describe the pain points that your offerings address. Find forums that are favored by your target market and monitor them. Pick three key facets of your company and search for those topics on Twitter. You’ll gain the proper perspective you need to start creating breakthrough improvements in all your marketing efforts.

That Annoying Distraction = Your Next Marketing Break-through?

by admin on January 28th, 2010, 0 Comment

There he goes again. Tap-tap-tapping on that Droid or BlackBerry or iPhone. (Does it matter what kind of device?) What is SO important that he can’t just talk with you?

We’ve heard that complaint often, but is the time for marketers to take another look at that growing pattern and think of ways mobile marketing can work to light your campaigns on fire.

Here’s why we like modern mobile marketing for every kind of business: developing a customized application for your target market is a great way to brand your organization as an innovator and perhaps even a leader; customized apps are free of any spam, so they won’t get overtaken by any competitors; and, we love love love the fact that apps are fuel for social networking activities. Plus don’t get us started on the intel one can garner from their tracking capabilities (e.g. duration and time of use, geo-location, functionality preference, etc. etc.)

Here are some other valuable points to consider:

  • Regardless of the phone, we all use them the same way

  • Mobility applications are gaining momentum. “Handset vendors sold 304.7 million mobile phones globally in April-June, with strong demand in emerging markets lifting sales 11.8 per cent from a year earlier, Gartner said recently.

  • There are 140,000 iPhone apps now available. That’s over a 100% increase from the fall of 2009.

  • The average smart phone consumer spends $80 on apps, regardless of the device

Hmmm. . . there’s demand, there’s proven marketplace growth, the technology is increasingly and widely available. And, that guy is STILL tap-tap-tapping away on his phone.

What are you waiting for? It’s time you began your plan to increase share of phone.

Social Media with Your Eyes Open

by admin on January 12th, 2010, 0 Comment

Given today’s business and social climate, recruiting, marketing, and even ecommerce efforts must now contain a particular blend of social authenticity and seamless technology. It’s not enough to simply “dabble,” at being authentic or technically advanced, your efforts must be Organic, Measurable, Mobile and Optimizable. Here’s what I mean:

Organic and authentic – today’s audiences want to hear from ‘real people’, not public ombudsmen or corporate spokespeople. They want easily relatable stories by people just like them, who are members of the organization. They want an authentic referral. Nothing expresses that point better than COMPETE.COM’S side-by-side comparison of “epinions.com”, a site dedicated to user-submitted comments about products and services, and consumereports.com, the venerable institution of experts who scientifically test and report on each product. Epinions.com beats consumerreports.com by a multiple of FIFTEEN TIMES.

Mobile – whether you’re a tween, Millennial, or just your average business person on-the-go, increasingly you’ve come to understand the importance of your cell phone. The number of ways to use an iPhone or BlackBerry has exploded with the proliferation of cell phone applications – a welcome tool kit for staying connected. Your efforts should capitalize on the power of mobile applications, before another organization similar to yours does.

Measurable and meaningful – it’s easy to get caught up in the jargon and intrigue of social networking, yet the beauty of online activity is that it can be tracked and reported.

Yes, there’s a vast, exciting world of like-minded communities developing online right now. Of course, becoming a voice in those communities can be exciting and rewarding. However, a really important question should be asked first: “how will we know when we’re being successful?” The answer to that question should be found in detailed tracking reports that act as progress updates on the social media program. These reports should monitor variables that are meaningful to the organization – not to social networking gurus. For example, it’s nice to know that your community is growing, but how many members of that community can help advocate for your organization? Your reports should answer the tough questions such as:

  1. How many are advocating for your organization?
  2. Are they representing the organization accurately, or have they developed some other story?
  3. Are some online ‘friends’ more important than others? If so, who are they, and how can their efforts be monitored so the organization can learn how to better attract similar people?
  4. How much revenue is being collected?
  5. How many new members or qualified leads have joined the organization?
  6. What survey data has been collected to help the organization navigate changing times and roll out new offerings?

Optimizable – Every social and/or mobile media campaign should deliver increasing results without expanding the budget. The lessons learned about your audience and how to attract them should allow you to become increasingly efficient while also garnering increasing results. In order for this process to happen, you must utilize detailed reports and a fluid feedback loop that allows you to quickly apply lessons learned.