Event-Triggered Email Excels In Prospect Conversion

According to a recent white paper, event-triggered (or real-time) email campaigns can generate response rates that are 600% higher than other outbound campaigns. These campaigns are based on a customer event or action, such as a purchase, warranty expiration, product renewal anniversary or Mean Time Between Failure (MTBF) threshold.

Once obtaining the responses, however, what you do with it is critical. Commenting on the white paper, Ryan Deutsch of StrongMail said that with most marketers, data resides in the CRM system, in loyalty program databases, in a campaign management system and in a separate databases. Buy-in from every department is mandatory.

Another component is integration—taking the accurate, centralized data and bringing it into the communications platform. “Once your data is integrated and automated, it requires fewer resources to do a great job with your email marketing,” Deutsch said. “In many cases, you’ll spend less time on email marketing.”

 

Resources

“The Right-Time Email Marketing Playbook,” white paper, May 2011; StrongMail Systems.

“Top Seven CRM Marketing Processes for 2011,” April 2011; Gartner.

 

 

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Posted in Communications, CRM, Database, email, Marketing, Response Rates | Leave a comment

QR Codes Bringing New Life To B2B Print?

If printed communications (defined to include advertising, printed literature and printed direct mail) are to come back in B2B marketing, the ROI will have to be measurable. The death of reader-response cards caused by fulfillment lag, cheap long distance phone service and the internet has made print ROI virtually unmeasurable.

QR codes could change this. A QR (Quick Response) code is a kind of barcode readable by specialized barcode readers and camera phones. The code consists of black modules arranged in a square pattern on a white background. The information encoded can be text, URL or other data.

Scanned off printed materials into smart phones, their encoded information routes sales prospects to fulfillment of brochures, case histories, videos, email queries…anything you think they should see. All of this response can be tracked back to the printed material bearing the QR code.

Consider the humble printed business card—everyone still distributes them, right? But what recipient keeps them long-term in Rolodexes or card sleeves anymore? The best hope has been that a contact hand-types your contact information into an address book program to recall when a need arises. And that he does this before throwing it away!

Now, with a QR code printed on the back side of your business card, your contact information goes right into his smart phone address book, ready to synch to his computer. In a flash, you are in his procurement system.

Are you a thought leader in your field? You can use a QR code on printed materials to send contacts to your blog or LinkedIn, Facebook or Twitter page to extend your influence within a growing network.

What to do with these QR codes? Remember two new lines of thought:

  1. Every time you kick off a new print piece, think QR code.
  2. Then think, “What additional information do I want an interested recipient to see?” A blog, or a specific post within it…a video…a case history…a microsite?

Even if it’s a sales letter to be mailed, generate a QR code and place it on your letter with your contact information, a URL, an email launch or easy access to follow-up information. QR codes—they are truly bringing the digital age to an age-old communication!

 

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Posted in B2B, literature, Networking, Prospects, ROI, Social Media, Uncategorized | Leave a comment

14 Common Product Launch Mistakes

With recession-forced austerity programs likely in place, make sure you don’t short-change upcoming product launches. No matter what the economic conditions, new product introductions succeed—if done correctly. Check this out for a little encouragement.

No doubt, the stakes and risks are high. In fact, studies show a 50–75% failure rate for new product launches. Here are 14 no-nos that could under-power your next launch:

  1. Unrealistic expectations
  2. Poor, rushed, incomplete or inflexible planning
  3. Inadequate target market definition and segmentation
  4. Invalid or incomplete market research and strategic marketing (understanding the competition)
  5. Poor or nonexistent marketing strategy, including both short- and long-term visions
  6. Launching too soon with a product lacking refinement or suffering from quality issues
  7. Lack of attention to getting the after-sale service function in operation coincidentally with the launch
  8. Failure to have a crisis or contingency plan, involving Sales, R&D, Engineering, etc.
  9. Insufficient funding to reach the size of the market audience with frequency
  10. Failure to develop and promote a unique message
  11. Failure to issue pre-launch communications that generate a buzz and anticipation
  12. Not maintaining a push after the launch to grow the business
  13. Neglecting to draw upon the expertise of partners (subcomponent vendors)
  14. Trying to do everything yourself without the benefit of experienced, expert help

Wouldn’t you agree it’s better to copy or emulate others’ success than to do it all yourself, regardless of the potential kudos or feeling of individual accomplishment? If you agree, then be sure to network with other successful product launchers for advice and wisdom. Join or step up your involvement with professional marketing associations. Enlarge your LinkedIn “footprint.” Rely on your marketing partners. Especially valuable are contacts who have failed, learned the hard way, and then succeeded.

As you network, you’ll not only gain the managerial expertise for success, but also the ammunition you need to convince your executive managers of the kind of resources and support that will power your launch into orbit!

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Posted in Communications, Economy, Market Research, Marketing, Marketing Strategy, Networking, Planning, product launch, Sales, Strategy | Leave a comment

Content That Accelerates The Sales Cycle

Last time we pointed out that B2B marketers must also become “publishers” and “editors”. Your task is to communicate content that assists and accelerates the selling process. These productions include:

  • Case Histories or Success Stories
  • Project Profiles
  • Application Tips or Notes
  • Market-Specific Technical Information Bulletins
  • Feature Stories
  • White Papers
  • Technical Papers

Once written, the content can be presented to your audience using a variety of media, depending on the preferences of particular audiences and the complexity of the sales cycle. You will benefit from higher quality news releases, blog posts, e-blasts and web content along the way. Let’s review these productions in more depth.

Case Histories/Success Stories. These are, at their core, how your products/services solved a problem for the customer. The more universal the problem, the more relevant to your audience. Case histories follow a common format: customer background, their problem, your analysis, your approach, your implementation, the results (with as many metrics as possible) and the business impact (with customer quotes, if allowed). Photos, tabular data and colorful diagrams enhance attractiveness to engineers. The best case histories are those with before/after numbers, permission to publicize along with company and personnel names and in-plant photos. If permission is denied, they can be sanitized of specific customer references and used generically. Once completed, they should be shopped to trade publications, published on your website, laid out in a common format and printed for use as handouts, set up as screen-resolution .pdfs for sales reps to share and email and provided to trade show exhibit visitors on flash drives.

Project Profiles are particularly suitable in cases where a project has been completed, but it is too early to get a case history, or the project is new and there is no before/after comparison. Content should include photos, summaries of the scope and content of the project and descriptions of major subcomponents.

Application Tips and Notes are suggested uses of your products that no one has implemented (yet), ideally that your market intelligence and strategies conclude that should work and be growth areas. These may be a single application or multiple applications within a common process. These can be used alongside case histories by the sales force to promote specific solutions.

Market-Specific Technical Information Bulletins are grouped case history and application note content aimed at vertical market segments. Their purpose is to raise awareness of the depth of your technical base within the vertical industry, that you understand the function of your product within the context of the industry’s process; and that you are an experienced source of problem-solving value and therefore a trusted vendor partner. To the customer, you are much more than simply an “ironmonger.”

Feature stories often cover optimization of a particular process with the aid of your technology, describing the extent of improvement in efficiency, productivity, quality, controllability, etc., available. Similar to a white paper, they are less formal and often more highly illustrated. The most trusted feature stories are not hard-sell or proprietary. They may link to or cite product information on your website.

White papers should appear and read as though they came from your R&D department. Naturally, any intellectual property disclosed should already have been protected. White papers show how your technology attains the results you claim in other marketing materials. Their purpose is to raise the level of confidence in the effectiveness of your solutions to critical decision-makers involved with highly considered-purchase products. Avoid the temptation to re-package a feature story or case history as a white paper, even though an on-line media representative may allow you to. These usually do not have enough technical “meat” to satisfy the reader’s purpose.

Technical papers are usually peer-reviewed works destined for presentation at an industry technical conference and subsequent publication in conference proceedings and technical journals. They may center around a technology introduction with lab or beta installation data, or review the state of the art of some class of technology, or review statistical results from a number of sites to affirm performance. A literature review, experimental design, study methodology, analytical methods used, results and analysis of results are normal components of these works. Most R&D people and engineers are not natural writers; many outstanding papers will not see the light of day without the initiation, help and support of the marketing (publishing) department.

A Few Practical Tips
With the slimming down of publication editorial staffs, opportunities abound for contributed editorial, even from “suppliers.” However, always start by considering the sales cycle for your products across vertical markets. Every production should have the purpose of moving a prospect in some way toward a closing pitch by the sales rep. Always be willing to repackage content you intended for an outstanding piece of one kind into a more useful production of another kind. Be ready to kick a weak piece back to the author for more meat, without which the selling purpose will not be effective. Always seek to have your productions reviewed by the marketing and sales team for their estimation of “in the field” effectiveness, as early in the process as possible. And finally, always write from an outline that reflects a clear statement of the purpose and strategy behind the piece. That way, the information will be clear, concise, logical…and persuasive.

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Posted in B2B, blog, Communications, Content, Marketing, Sales, Sales Tools, Selling Cycle, Technical, Uncategorized | 1 Comment

Ready Or Not, Welcome To 
The World Of Publishing

If you are like most industrial B2B marketers, you have significantly cut back your advertising presence in print media. At the same time, you have reallocated resources toward the new media of websites, email blasts, online directories/buyers’ guides, sponsored white papers, e-newsletter sponsorships, online magazine ads and maybe some blogs and social media efforts.

In a real way, you have knowingly or unknowingly taken on the role of a publisher as well as a marketing manager. Consider—your company is communicating more directly with its marketing audience than ever before, establishing its own editorial environment.

At the same time, your audience is more fragmented than ever before, obtaining its buying information from a wider variety of sources. Buyers no longer rely on information from a few magazines and maybe direct mail pieces that cross their desks. Instead, buyers lurk in the background, they themselves initiating the contact to obtain information. In the world of new media, how do you make sure that your information about product capabilities or solutions is available, searchable and accessible to supply that information?

This puts you in the position of a “circulation manager.” You have to define your “readers” (customer segments), and then figure a way to get them to qualify and “subscribe” (engage). Then, you must divide your subscribers/queries/hits into two groups: those that are engaged with your products and solutions and those that are not. Understanding those that are engaged will help you refine the “editorial side,” or entering into more meaningful dialogue that aids both product development and sales productivity.

In the publishing world, the publisher and editorial director devote countless hours fine-tuning their properties to align with the informational needs of their readers. They constantly revise editorial calendars, editorial departments, supplements, design, internet properties, etc. You have to do no less for your own “media properties” to establish and optimize you own portfolio of communications vehicles.

More than ever, the B2B marketer/self-publisher requires a coordinated, prioritized, strategic plan and implementation. Publisher…circulation director…editorial director—are you ready to put these hats on in the real world of new media and self-publishing?  Let’s talk about it…

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Posted in Advertising, B2B, Communications, Industrial, Marketing, Media, Social Media | 1 Comment