Thursday, June 07, 2012

Marketing for small businesses

Most UK businesses are small, most need marketing expertise, but most cannot afford much.

In a recent blog we noted the dilemma that businesses most in need of professional marketing expertise were least able to afford access to such skills, or have budgeted to spend on traditional marketing communications programmes. Looking at marketing not as an expense, but as an investment the picture can look different. In technology markets the business may have its origins in a new product idea, or a set of products that can address a niche market. However the small business is funded, there will be some revenue expenses that are a regular, probably monthly, commitment such as salaries, premises and utility services. There may also be capital expenses in machinery or tooling which have been made on the basis that the investment will deliver benefits. The benefits might be in lower unit costs of production, or improved quality (less rejects and returns) that will lead to better product profitability and more sales. But the increased sales are unlikely to materialise if potential customers remain unaware of this great product. Which brings us back to marketing. Viewed as an investment, marketing should therefore demonstrate valid returns, which ultimately are measured not just in sales leads, but in profits growth.

First there must be a commitment to make that marketing investment and allocate funds accordingly - the figure will have to be affordable, but it is essential. Secondly it has to be consistent and a regular budget commitment each month. Thirdly the investment should be carefully made to get the right mix. Finally the success or otherwise must be monitored and things not working analysed and changed. This is where outsourced marketing support can  make the difference.

An experienced marketing agency that also understands the company's market, the terminology and technology can help ensure that an integrated marketing plan can be devised and implemented to achieve targets, stay within budget and become part of the team driving the business forward.

 

Friday, June 01, 2012

Social Media

A less reverent look at the social media game .....


Social Media Revolution (parody)





Thursday, May 31, 2012

A nation of small businesses?

According to UK government statistics SMEs account for 99.9% of all enterprises and almost two thirds (64.2%) of private sector businesses are sole partnerships.

Perhaps not just a nation of shop keepers, but apparently a nation of small businesses anyway, with many enterprises having just one person doing everything. And not unsurprisingly non existent marketing budgets. Yet marketing guidance, advice and implantation is what they need to flourish. We can speculate the reasons why there are increasing numbers of what might be termed 'micro businesses' not least the complex and all reaching mass of employment legislation that is probably deterring many growing companies from taking on employees. Preferring instead to sub contract to other micro businesses creating a network of inter connected enterprises. Into this space comes LinkedIn.

LinkedIn seems to target professionals and has kind of evolved into, not exactly a job site where people looking for employment post their CV, but nonetheless a place to publicise skills and experience and garner glowing testimonials from people you have worked with. There are groups to join where ideas can be exchanged and through connections access to millions. And yet are people attracting business enquiries  from this source? I suspect that for most the leads and conversions are small, if any. Meanwhile it becomes another time consuming investment to develop contacts aded to the time sunk into other social media platforms.

Wednesday, May 23, 2012

Now everyone can be a publisher is there too much news?

The volume of company announcements has increased rapidly with the ability to self publish online, but how much of it is really news?

Before the Internet, most b-2-b marketers had limited media access to reach their target audiences with news - typically trade journals, local press and a company newsletter. The press release is a formal company document, although often researched and written by a PR agency, it was (and still is) approved before issue,  so the process takes time. The PR specialist identifies news stories that are likely to be of interest to a magazine editor, will look for a unique angle on the story and provide a captioned and credited, professional photograph - the more eye catching and compelling the better. Once the press release reaches the editor's desk along with hundreds of others, probably only one in twenty gets selected for publication. Unpublished stories can still be used on the company web site and in newsletters. A Virtual News Office is a great way of publishing company news. But formal company news is not the reason for 'news' overload - it is the social media channels. Frequently the tweets are links to another online item. Even video is running the risk of over exposure.

Twitter and Facebook are probably the biggest culprits in churning out news by the minute. In the first case, most of it isn't interesting news just inconsequential comments of the moment. For example, by following tweets from companies and organisations active in a particular b-2-b market sector, even if you are following relatively few, it generates such a deluge of information that it soon becomes unmanageable and consequently unread. Amalgamating news feeds using something like Hootsuite clearly demonstrates the scale of the problem. One organisation told me it has about half a dozen people each tweeting 5 or 6 times a day. With the filters  - PR agency and magazine editor - on what constitutes 'news' removed, quality is obviously one casualty, interest another and the risk of losing the attention of your customers an all too real possibility. Is a development engineer or an architect keen to be kept informed of new products and projects really going to be impressed by being swamped with company tweets and Facebook messages, or would they prefer just to stick with what is important and relevant to them? Has anyone even asked? Perhaps the 'less is more' philosophy would work better.

On the other hand selectively used social media can add to traditional news broadcast methods. Tweets as headlines of press releases can link to the full story on a VNO. Blogs provide a channel for very targeted information appealing to very specific, small and focussed target audiences that would never have supported a printed magazine. Videos are good for providing supporting information on the YouTube channel. For b-2-b marketing not everyone will be social media users and marketing strategy must recognise the diversification of news delivery, maintain quality, publish information of real interest and value to the target audiences and avoid over kill.


Thursday, May 17, 2012

Will the Facebook IPO be liked?

Later this week Facebook will make its initial public share offering predicted to value the business at around $100 billion and immediately become one of the biggest companies in America.


This blog has frequently commented on Facebook as a marketing medium. Undoubtably in its short history it has been a phenomenon, but is it sustainable? Lets evaluate the product against some fundamental criteria. According to books and the movie describing Facebook's origin and short history it grew out of a student venture that wasn't based on a particularly novel idea or execution, or from the result of in depth research. Neither was it driven by a business plan and financial forecasts. The surprise is that it took off in spectacular fashion with users signing up at an amazing rate to currently around 900 million world wide. Big numbers inevitably appear attractive to advertisers seeking to reach big audiences and this in turn led to talk of monetizing the product and then to the IPO.


As Facebook kind of 'took off' there is always the concern that if the fundamental appeal of the offering is not understood, then keeping the users happy if what it is that made them happy in the first place is itself not clear, there is always a risk of alienating them. Of course the initial success is based on a free product that generates just $5 per member. If it cost to join, would users pay to belong and would it have taken off as it did? Initially there was some exclusivity in so far as you needed a university email account to join.Two things that might just alienate users are the use of personal information and the presentation of advertisements on personal pages. Offering very targeted audiences appears to be an advertiser's dream suggesting low waste of advertising dollars.  I have just returned from Thailand, Vietnam and Malaysia and suddenly all the advertisements served to me are in Thai. Spooky, but not really appropriate especially as I can't read them.


And despite the big numbers of users,  it is still a small percentage of the world population which is counted in billions. And what proportion of an advertiser's target audience total population are regular Facebook users? In traditional marketing target audience populations can be defined and media addressing a particular group similarly evaluated. I wonder how many companies have any idea what proportion of their target audience are regular users of Facebook and are they typical of the whole target population or a sub set with different needs?


In the UK and other countries numbers are falling.This Guardian article quotes  Magnus Hoglund, chief executive of the law media portal Law360.com, who has worked on digital media companies for the past decade, saying: "From my experience, I get the sense that being on Facebook is not cool anymore. The early adopters and trend setters are moving away. [But] these are also exactly the type of people brand advertisers want to reach; if they are leaving, it doesn't look good for Facebook." The Daily Telegraph reports, "Facebook now has more than 900 million users, who share 46 billion pieces of “digital content” every day. That content might be short updates, photos, links to other websites, or invitations to events. Many of Facebook’s members use it instead of email. Others play a variety of games. Then there are those who follow pages run by celebrities, sports teams and even brands." It goes on, "All of the data those hundreds of millions of users add to Facebook contribute to building a profile of their interests. Using Facebook’s tools, advertisers can target very specific sections of the membership. If you want to reach women aged 18 to 24 who live in London and are fans of Lady Gaga, then Facebook can sell you an advert that will be shown only to members who match that profile." It begs the question, will it so effectively deliver engineering specifiers who work in Birmingham for a b-2-b company producing components?

Then as Facebook themselves have pointed out the greatest growth is in mobile platforms - smart phones and tablets - which they have not yet monetized. Commentators seem to agree that income will primarily be from advertising and this is unlikely to be additional money, but diverted from other media.  Interestingly General Motors has announced it will no longer pay to advertise on Facebook.


Of course companies can still communicate through their Facebook page without paying to advertise and here is another dilemma - what is it that Facebook does for b-2-b's? Other social media platforms have a ready-to-understand proposition. YouTube is great for videos - product demos, user endorsements, events etc. Twitter great for news headlines. LinkedIn for professional contacts and recommendations, blogs for specialised content, but Facebook's heritage is in personal communication  rather than broadcast messages and it takes resource and effort to build a loyal group  of followers. There then remains the not trivial task of then turning them into buyers! 

Tuesday, April 24, 2012

Is what a client wants what they need?

Sometimes clients have very definite views of what they want to do, but that may not be what they need to do.

Such a situation prompts the question - is the marketing brief informed by research, or because someone in the marketing team likes the idea. Consider an example. A UK division of a company within the portfolio of a major international business had some money to spend on advertising simply because the organisation allowed a percentage of the budget regardless of need to be spent on display advertising. The brief was to produce an advertising campaign. It soon became apparent that their type of very specialised capital equipment had a very limited market within the UK territory, in fact here were just five buyers of this class of product. They already knew them all personally and while there were several marketing initiatives that could help nurture and retain these key accounts, display advertising wasn't one of them.

Another wrong direction is to buy the not-to-be missed advertising deal where there happens to be a convenient page left to fill at a much discounted rate. Or to sign up for a new exhibition because "all of your competitors are going to be there." Or to invest in the next new thing, whether it it is a yet untested new publication or the latest new place on the Internet.

Few small to medium size B-2-B companies budget for formal market research, but that is no reason not to ignore researching the market. The Internet has considerably simplified what was once known as 'desk research' and made online polls easy, but telephoning just a small sample of the target market while not statistically valid can often flag up a problem worthy of further investigation. Clients often claim to know their market, but ringing a dozen or so of their customers or prospects can quickly uncover often surprising information. For example, unprompted recall of the brand might demonstrate the client is less well known than was assumed. Or the company may have a poor reputation for deliveries, or service - issues that if not addressed will undermine a marketing initiative such as a new product launch.

Market research should be at the core of new product development and marketing campaigns in delivering products with messages that answer the needs of users and provide benefits that are valued and differentiate the product from competitors. So the question of what the company needs as a marketing programme should be informed by research rather than what marketers think is needed.

Wednesday, April 18, 2012

Should marketers have a good knowledge of the technology they use?

Marketing for many b-2-b enterprises is not just about presenting increasingly sophisticated products, but using communications channels that also are reliant on an underlying technology.

The Industrial Revolution in England not only changed the way things were made. It  had a profound impact on the way people lived and worked and in turn the fortunes of the nation itself. Visit industrial heritage sites or museums to see equipment of the era and you can watch and see how the machines work. You can witness the parts turning, see cotton being spun, shuttles weaving cloth or pumps raising water. Today the technology is largely hidden buried in silicon chips and embedded computer code. Many marketers promote products without an understanding of how they work, using Internet based systems and programs they are equally unqualified to master. They become reliant on the R&D guys on the one hand and the IT people on the other.

When I started my career in marketing, working for a leading manufacturer of electrical goods, the situation was rather different. The marketing department set the agenda. We wrote the new product development specifications, we worked closely with the design engineers, witnessed laboratory prototype testing, progressed tooling development and introduction on to the factory production lines, packaging, logistics and stocking. We wrote the operation manuals, set the prices and briefed graphic designers and advertising agencies. By living through the whole design to production cycle we had intimate knowledge of all aspects of the product and trained our sales team in how the product should be presented. The marketing team were engineers, most had served apprenticeships in all parts of the company before being appointed to a marketing role. We knew how everything worked including all the outsourced graphic design processes that produced the marketing collateral. In short we had control.

Today for many companies the marketing environment has more focus on communications than new product development. They are increasingly reliant on others to engineer the systems they rely on, they don't have experience of working in a development or manufacturing operation. The products ship in from China. In short they are not engineers. They have no apparent interest or curiosity as to how products work, the effort required to make things happen and little interest in what is involved - only how cheap and how quickly can they get things done. Not surprisingly without understanding or control of the processes things go wrong.

Tuesday, April 17, 2012

Making an investment in social media marketing

For b-2-b marketers investing in social media marketing the question of how much resource to commit needs to be asked.

In a recent blog we drew attention to the time commitment and asked the question - how is marketing time budgeted? We highlighted a report that discovered marketing people are investing 20 hours or more a week and pointed out this time had a cost.  An article on Marketingnewz.com now poses the question - how much should we budget? Author Brad Shorr also homes in on the time required and proposes a minimum resource requirement consisting of a leader "responsible and accountable for results and for developing all the creative inputs." Plus "a dedicated staffer who is available 20-40 hours a week to execute" five main activities involved in building a community and "programming support to set up accounts, update templates, install applications and setup/process analytics."

Once the presence is set up for the company to participate in the various social media places, building the community calls for several activities which must be done on a regular basis. These are listed as:-

  1. Community building - connecting with your target audience on a daily basis.
  2. Brand monitoring - checking the social network space daily for mentions of your company or brand.
  3. Engagement - listening and responding at least daily, but ideally in real time.
  4. Sharing content - writing and publishing material that will be of interest and value to your community and help establish your company as a thought leader and convince your target audience of your expertise and capability. A regular flow of information, typically weekly, or at least something new to say monthly.
  5. Maintenance - deleting spam comments, adding apps and updating content.
Clearly being successful in building relationships that develop followers and lead to  conversion with them making a purchase will be the ultimate test of social media. Before making the investment some market research to identify the proportion of your target market population that regularly inhabit the social media space would be a good starting point to figure out the potential ROI. But this is not a quick fire campaign. It may take a year or two to reach a critical mass of followers that will result in order value that exceeds the cost of acquiring them.

Others might speculate that in a couple of years time the game might have changed. Once formerly cool places try to monetize what made it cool in the first place gets lost. Or people simply get bored. I have noticed some early adopters of Facebook seem to be migrating to Google + and remember Friends Reunited and MySpace, who talks about them now? On the other hand if the entry-to-ROI span is long can you afford  the risk of being left behind?



Wednesday, April 11, 2012

Who is creating content?

As the Internet offers more and more opportunities to self publish - who will create the content?

Many B-2-B companies are now facing the challenge of producing an increasing flow of interesting and quality content to populate online news pages, social media and forum groups. Take a step back to the time when press releases were the only news format. It was typically the case that many  marketing managers of smaller b-2-b companies thought they didn't have any news and stories had to be teased out of them at a monthly meeting with the PR agency. In fact by running through a series of categories to prompt the client  usually a few possible newsworthy stories would emerge. It is worth listing some of the more popular subjects as ideas for the new media too.

New products or services will always attract attention. New research or technology is even better as developments and advances help position the company as a leader in the industry. Business news such as expansion, new facilities or equipment can also be of interest  as can new staff appointments if used to show recruitment of expertise for example. Contract wins and placement of important orders serve to associate the business with success. Third party endorsements by satisfied customers and related case studies are valuable in building confidence amongst prospective customers. Another approach is for a senior company spokesman to comment on industry developments, to be available as an expert in the market or give presentations at conferences. Contributions of articles for special features in relevant publications can act as guides, provide useful advice and  help establish credibility. The PR agency would generally be writing in a style that would catch the editorial eye as being of interest to the publication's readers and the PR specialist would channel stories to the appropriate publications, or repurpose into case studies, white papers or even user guides.

But for social media publication the content is for individuals and not for editors with an experienced eye for a good story. It is more of an opportunity to engage in conversation. Take blogs for example which could be considered the online equivalent of the former company magazine, with the comments feedback similar to the letters page, and these need to be monitored. Blogs offer a good destination page for tweets which are effectively news headlines. YouTube is an entirely different medium but useful for demonstrating how products work, customer endorsements and coverage of events. Pinterest meanwhile offers a vehicle for interesting themed images. Then at the chatty level there is Facebook and LinkedIn and plenty more.

Maintaining interesting news is certainly going to be a challenge and many companies will need help to set up and implement a a news grid.


How is marketing time budgeted?

Although outsourced marketing costs might be budgeted and managed, how is in-house time accounted?

When the economy falters it is easy to take a red pen to the marketing budget and make some quick savings. It is more difficult to reduce staffing levels because of all the employment legislation. The marketing team may have to do more with less and in response set about driving down outsource costs. But the marketing budget is not just about the marketing communications costs - but in addition employment costs, facilities the marketing team occupy and of course travel and other expenses. When the complete cost is applied, staff hourly rates and overheads might well be higher than outsource costs. So why does this matter? Well one aspect highlighted in the 2012 Social Media Marketing Industry Report from SocialMediaExaminer.com is the "weekly time commitment for social media marketing."

The report found that, "A significant 59% of marketers are using social media for 6 hours or more and 33% for 11 or more hours weekly." It also seems "those with more years of social media experience spend more time each week conducting social media activities. For example 77% of people with 3 or more years of experience commit more than 6 hours weekly to social media marketing. And 24.5% of this crowd are spending 20 hours or more each week." As social media marketing begins to absorb significant chunks of marketing time it is perhaps appropriate to put a value to this activity so that the comparative  costs versus other marketing activities can be measured as well.

It is easy to think that doing marketing work in-house comes for free - it doesn't. Not only is there the actual cost in terms of time and fully allocated overheads, but also the missed opportunity costs. Presumably before the marketing team became so engrossed in social media they were doing something else. Perhaps that something else is no longer important, in which case it is time to review the complete marketing picture and it might be helpful to understand in-house costs just as well as outsourced costs.

Tuesday, April 03, 2012

New research report sheds light on social media marketing

Michael Stelzner, founder of Social Media Examiner, has launched the 2012 Social Media Marketing Industry Report and what's more he is encouraging its distribution throughout the marketing world.

Available as a 42 page PDF report the research, to which we made our own modest contribution, is based on the collective input from 3,800 marketers, so represents a bang up to date insight into what is happening with social media as a marketing tool right now.

So lets take a quick look at the major findings.

  • A significant 83% of marketers indicate that social media is important for their business.
  • A big issue for some 40% is the wish to master how to measure the return on investment (ROI) of social media and find customers and prospects.
  • Video marketing and YouTube figure at top spot for increased investment in 2012 as rated by 76% of marketers.
  • And Google+ is attracting interest which only 40% currently use, with 70% wanting to learn more and 67% planning on increasing Google+ activities.
  • The top 3 benefits of social media are:-
    • generating more business exposure - 85%
    • increasing traffic - 69%
    • providing market place insight - 65%
  • The top 5 social media networks and marketing tools, in order are:-
    • Facebook
    • Twitter
    • Linkedin
    • blogs
    • YouTube
  • But social media is recognised as taking a lot of time - 59% spend 6 hours or more each week on social media and 33% invest 11 hours or more. That's over a quarter of a nominal 40 hour week!
  • Perhaps in view of this time commitment we might expect more than the 30% who do to outsource this work.
The full report is packed with interesting questions about social media and numerous charts mapping the current state of play.

Wednesday, March 28, 2012

A week in marketing

As a possible topic for a blog I kept note of what happened during one week, day by day working at Technical Marketing Ltd.

Not really a good idea as it turned out, or put another way nothing happened that would be of much interest to anyone else.  Working days planned to accomplish specific tasks but diverted by new instructions, changed briefs, urgent last minute requests and the steady pinging of arriving emails . Thank goodness spam detection is  much better now, so that the stream of offers for fake Rolex watches, impossible medical enhancements and news of untold millions of dollars waiting for me in frozen Nigerian bank accounts, go straight to the junk folder.

What it did reveal is how much time is spent on the detailed implantation of plans on a day to day basis and the challenges of actually completing a project in one session compared to the reality of stopping and starting while missing material is sourced or client approval received. A typical day starts early morning with a goal of actioning the overnight emails and planning tasks for the day and ending late evening clearing the last of the day's email quota. Now everyone works through a desk top computer or mobile device, the telephone is much quieter, but communication channels are open all hours.

Back in the early 1970s the marketing department where I worked was a very different working environment. Computers weren't on desks, they were housed in climate controlled rooms attended to by white coated acolytes who changed tapes and fed in punch cards. Beyond the inner sanctum where the actual machine lived was an open office with around fifty young girls busy punching cards to feed the computer. We ourselves occupied a smart high rise company headquarters in London's West End - the computer was located at a factory site in Leicester where space cost per square foot was much less. On our desk we had a blotter and a telephone. The only other piece of furniture was a steel four drawer filing cabinet. Pretty much the whole marketing team was male, or at least appeared to be, but outside of our offices sat our secretaries who took dictation in short hand and typed up letters, memos, meeting minutes and forms on early IBM golf ball electric typewriters. Few of us arrived in the office before the 9 am start time, took an hour for lunch, often spent in a nearby West End hostelry and left for home at 5.30 pm. By 6 pm the cleaners had finished and the place was locked up for the night. There were clear working hours and nobody - customers or suppliers - expected to telephone outside those prescribed working hours, because they worked much the same hours themselves.

Marketing in the seventies was for us mainly about managing a rip-roaring success. Demand for product effectively meant rationing supply as we built more production capacity, invested in new production lines and tooling - all incidentally UK based. Inflation was a convenient reason for publishing a new price list every three months. We didn't need to sell, we just took orders and examined voluminous sales reports each month on concertinered print-outs delivered from that computer up in Leicester. In retrospect it was something of a golden age. It certainly was for the advertising and design agencies. Nearly every marketing communication was in some form of print and the process of transforming our marketing briefs into a finished piece of print went through many, expensive and 'skilled' stages along the way. The bills for producing, even quite modest printed documents, were eye watering with scope at every stage to ramp up the costs - a particular favourite being "authors corrections". Artwork was actually type and images glued to a board ready for a special photographic plate making process and the risk of a bit falling off during the final review and sign off - yes actual signatures on each page - meant the final printed piece could be missing a letter or two.

But if the graphic design agencies and printers were licensed to charge well for access to the many arcane skills in the brief-to-print game, then the West End advertising agencies were masters of the art of swinging huge fees and expenses. They mostly occupied glitzy offices with elaborate receptions, decorative and arty staff luxuriating in lavishly appointed and smartly furnished offices. They would arrive by cab, often with the metre left running throughout the client meeting, before then departing for an alcohol fueled lunch at a fashionable restaurant with a similar attitude towards exorbitant pricing! But once the computer displaced the blotter on the desk top, productivity tools such as desk top publishing and email arrived, then away went the secretaries, out went the complex print processes and down went the fees. Probably the real winners in the game are the computer manufacturers, the application programmers and ISPs. The marketing people are now doing more as individuals simply because it has become possible.


Thursday, March 22, 2012

Do people who like your Facebook page also buy?

Are Facebook "Likes" and for that matter Twitter "Followers" a metric of success?

It is a question that is interesting many companies as more effort and resource is put into social media. It is flattering of course for people to take time out to click a "Like" button. Hardly a demanding or onerous task to show such affection for your brand, but what does it do in terms of boosting enquiries and sales?

By clicking "Like" you are given their permission to enter their newsfeed and  updates the 'killer app' of Facebook. If their friends notice they have liked your brand, then they might take a look out of curiosity themselves, so you could reach new people as personal recommendation is always a strong card. If in addition they add a comment, then this demonstrates some engagement which is a step towards actually being interested in your company.  Facebook users it seems pay attention to their newsfeed, but it is claimed that the majority of people who "like" a page never return to it. But no worries, you can now push them messages via their newsfeed. Except they can just as easily revoke that permission if they tire of what you send them. Then there's Facebook's EdgeRank algorithm which filters the news they receive and one measure is the affinity or  interaction you have with that person. Because if they are a real friend it will be a two way communication process and news from friends is rated highly. That's why they use Facebook in the first place. Of course someone may have "liked" you because off an offer, free voucher or competition entry and not be within the scope of your target market at all - in other words are they prospects you actually want to be engaged with in conversation.

As a straw poll piece of research we looked how many "likes" companies had in a niche b-2-b market sector. Taking just a small sample of 10 prominent companies in this sample market, 2 did not appear to have a Facebook page at all, the biggest company had zero "likes", 3 companies showed a few hundred and 4 companies a few thousand. Of course it is early days and the unliked big boys might find themselves overtaken by the liked competitors, time will tell.

Wednesday, March 14, 2012

Very Pinteresting

According to Shareholic "Pinterest created more referral traffic than Twitter" last month.


A closer look at their "All Traffic Sources Report" - based on aggregated data from 200,000 publishers and 270 million unique visitors in the month - puts Pinterest at 1.05% and Twitter at 0.82%. Although sitting in the top 10, still a long way off Google's dominant 48.81%.


So what is Pinterest and does it have a role in B-2-B marketing? It is another entrant in the social media open platform camp and at the basic level is  a photo and link sharing service. A digital collage of pictures that offers the options to "Like", "Comment" and "Repin". Their own description is that, "Pinterest is a virtual pinboard. Pinterest allows you to organize and share all the beautiful things you find on the web. You can browse pinboards created by other people to discover new things and get inspiration from people who share your interests." It goes on to say, "People use pinboards to plan their weddings, decorate their homes, and share their favourite recipes." Hardly B-2-B. And yet there are case studies claiming considerable business success. The trick is to pin interesting pictures, not just pictures of your products. For companies who have such a picture library then Pinterest may be worth a punt.



Wednesday, March 07, 2012

Is it time to switch more of the budget to inbound marketing

There is one school of thought that terms many of the traditional marketing communication tools such as, display advertising, exhibitions, email campaigns and telemarketing, as outbound marketing. These methods are deemed interruptive because advertising messages, emails and telephone calls intrude into your  life. It is also pointed out that the means of blocking these intrusions using time shifting to avoid TV advertisements, junk mail filters to swerve around unwanted email traffic and caller identity to filter telephone calls is making these traditional communications less effective.

The new world is termed inbound marketing where instead of the vendor targeting prospective customers, the customers find the vendor. It is argued that buyers typically start the process of researching products and suppliers on the Internet. So the first goal is for your prospects to find your web site. A modern take on the notion of 'build a better mousetrap and the world will beat a path to your door?' So, how out of the millions of web sites do buyers find yours? Unlike the traditional method of identifying target audiences and building or buying lists that deliver your message to the market population - either individually or collectively - you wait? Well not exactly, you focus your efforts on creating compelling content that will bring prospects to your web site, on search engine optimisation to propel search results to your content high up and hang out in the social media space where your customers go.

Content should be informative and can exist in many different formats, all designed to present your business as knowledgable and authoritative - in short as someone the buyer will have confidence in buying from and considers qualified to provide products that will serve their need. Examples of content are news stories and feeds, white papers, ebooks, videos, blogs and case studies.

SEO is a complex and ever evolving art ensuring the web site has all the right tags and titles, analysis of keywords and search terms and link building strategies.

So what about social media? There are many players, but usually Twitter, blogs, Facebook, YouTube, LinkedIn and special interest forum are the favourites. These alone can be extremely time consuming in providing a timely flow of quality content. Twitter - the microblogging site - is great for broadcasting headline news and links say to your blog. Here the story can be developed in more depth but in a friendly less formal style than a press release. YouTube can be a great place to post videos demonstrating the products or for third party testimonials. LinkedIn has something of the professionals response to Facebook and offers opportunities to create and participate in special interest groups.

A final thought - should inbound marketing be part of the marketing mix? Yes. But as with any marketing communication programme an appropriate combination of techniques should be used to work harmoniously in an integrated campaign.

Tuesday, February 28, 2012

Technical Marketing appointed to promote ABTT 2012 Theatre Show


The Stage web site has posted the news that Technical Marketing Ltd has been awarded the contract to market the ABTT 2012 Theatre Show.
Technical Marketing Ltd has been appointed to plan and implement a marketing campaign to promote the ABTT 2012 Theatre Show which takes place on the 13th and 14th of June at The Old Truman Brewery in London.

Technical Marketing’s Andy Collier announcing the engagement said,  “we are delighted to have been appointed and thank the show organisers for the trust placed in Technical Marketing to deliver a successful campaign. What is particularly exciting is that although the show enjoys a fantastic heritage – 2012 will be its 34th year – it continues to evolve and retain relevance to the theatre industry now.” Andy continued, “as both a visitor and exhibitor over the years, for me the show has always been friendly and accessible. Not only is it a great opportunity to talk to equipment suppliers and examine new products, but it is also a ‘must attend’ event for networking and making or renewing contacts”.

Co-director David Brooks picked up the theme that “Technical Marketing will  be emphasising the show is a valuable opportunity for exhibitors to meet and engage with knowledgable  visitors – many with an important role in specifying or purchasing products and services for the theatre market”. David explained,  “we will be developing awareness of the value of this annual event for both exhibitors and visitors and running a marketing campaign throughout the months leading up to the show in June. In particular news and information will be available through a dedicated web site and via email, as well as through popular social media platforms. We will be encouraging feedback through these channels so visitors can tell us what they are looking for at the show and in the associated seminar programme.”

Technical Marketing Ltd is well known in the theatre and entertainment technology sectors and specialises in providing affordable marketing services to technical, scientific and industrial business-to-business companies including small, new technology start ups as well as larger established enterprises.


Tuesday, February 21, 2012

A benchmark for social media



Marketing Week has recently published an article – Benchmark your social media – that offers an insight into recent market research and talks about an initiative to benchmark and create a ROI model for social media. The report looks at how brands can put a value on their digital activity. The following extracts are quoted from the article.

 With most marketers expecting to spend more on social media “few claim to know what they really get for their money.”  The four major digital platforms were examined “to see which ones marketers are getting the most success from. Facebook is the most successful with 16% of businesses seeing a return on their investment. This compares with 15% for Twitter and LinkedIn and 9% for YouTube.” Presumably this implies that over 80% cannot identify a return on investment. “Half of the 900 UK marketers questioned by the CIM see potential in social media, saying it will be a significant force in five years’ time. But for the moment, many aren’t seeing results. Nearly a quarter say their activity on Twitter was not at all effective last year, a third say the same for Facebook, 37% for LinkedIn and 44% for YouTube.”

Here are some interesting further snippets from the article.
“if you are achieving above about a 2% engagement ratio, you are generally doing a pretty good job. Past 5% is very good. It’s not difficult to acquire more fans through ad spend if that is what you are after. The challenge is keeping them engaged when you get them there.”
“Social media will make you money if you act upon what your customers are telling you. That is not just as a marketing team, that is the whole business acting on it. It gives you what is on the customer’s mind in real time.”
“About a third of marketers say they are just experimenting with Linkedin and 37% say their marketing efforts through the network were not at all effective. This compares with 33% who say Facebook didn’t get results last year and 44% who weren’t happy with YouTube.”
The general impression is that social media is still pretty much an unknown in terms of demonstrating a clear Return on Investment. Getting Facebook members to “like” a brand is a far step from engaging people with the brand and that is probably even further distance from turning into a buyer. For b-2-b buyers it may be a really big step.  

Monday, February 20, 2012

Returning visitors

Much advice is available about attracting visitors to your web site and gaining their attention with a view to converting their interest into a purchase. But how do you deal with people who already are customers and returning visitors?

Analytics of established companies indicate that a significant percentage of web site visits are from returning visitors. Enquiry source analysis further suggests that many already know the company. Add to this a review of search terms and there are again visitors reaching the site because it is their chosen destination - they know the company already.

There are several possible reasons why visitors return. One may be that their first visit was initial research to discover potential suppliers and short listed your business as a possible vendor. As that group of visitors moves through the sales process, the web site should make it easy for them to find the specific information they require at various stages in the process including pricing, delivery and ordering details. Another reason is they are customers ready to make a new purchase. Where product values are high and purchase intervals infrequent it is important that returning customers can discover what is new and what developments there have been since their last purchase.  Another group could be specifiers who already acknowledge your company as a qualified vendor and need to ensure that they are using the latest current product data.

Ensuring that both new visitors and returning visitors quickly find what they need will probably mean they will take different journeys through the site so it should be clearly signposted which route to take. Aside from the practical information such as who you are, how you can be contacted, pricing and delivery visitors will need to know about your products.

Where there are product options it is important to provide simple guidance to help them select the right one. Buyers and specifiers are influenced by what the experts of that market have to say about your product and what endorsement they give. Finally what do users and owners of your products have to say about practical experience. The factual, expert and user experience combine to provide compelling copy. One useful way of providing regular updates in each of these three areas is by including a Virtual News Office.

Tuesday, February 14, 2012

Let me tell you a story

Content is arguably the most important factor for a web site, or indeed for any form of marketing communication. But what makes good content?

There is typically much discussion and focus on the technical aspects of web sites, often in stark contrast to the effort spent in providing compelling content. For example non-technical people merrily debate the merits of rival content management systems whereas practical observation suggests that marketing people rarely actually use them. And although we provide systems for people to subscribe or unsubscribe from email lists it is surprising how often we are sent emails asking us as administrators to add or remove names. Content rather than technology alone is what can convert a visitor into a prospect and ultimately into a customer.

It is likely people visiting a web site for the first time will be in an early research stage of sourcing a product or service and probably relatively ignorant about the options, or what products they actually need to solve their problem or meet their requirements. For example they might have a need to measure something very accurately, perhaps in a hostile environment and only have a vague idea what devices or systems will help them achieve this. They may have considerable expertise in their own field and need to be in touch with similar experts in another field - in this case precision measurement. We have a client who does just this and for tim we have developed informational content that describes how their transducer products are applied in a whole range of measurement situations. This content does not spell out the detailed technical specification of a product at all. Instead the product is referenced as a means of solving a measurement problem and readers are invited to contact the engineering team for free advice in proposing solutions to their particular challenge. Of course the web site will also need to provide product specifications, but these are for a later stage in the sales cycle, once the prospect knows what equipment they will require. But without telling a story that describes a scenario they can identify with, it is unlikely they will have made the journey to get them looking at product details. They simply will not have known that is what they needed.

Of course telling a compelling story helps establish the company as an authority and expert in the field. By explaining what is needed, how it can be used and most importantly the benefits the product brings to the prospect, the company who has provided the essential education and perhaps demystified the industry jargon has put itself in the pound seats for when that prospect becomes a buyer. Merely talking about the company and setting out the products is not enough. Content that positions the company as a vendor that can benefit the visitor will not only help lead the visitor along the path to become a customer, but will be recognised by search engines to as providing relevant content.


Tuesday, January 24, 2012

Trade press - the quality publications

The last blog - "The changed role of trade press" - brought a deserved rebuke from an editor for failing to mention the quality publications.

At the centre of the blog item was the old and on-going practice that evolved from 'colour separation charges' into the now quite open charge to print press releases. A subject also picked up today on another blog. At one end of the publishing spectrum are the vaguely positioned publications that seem to have no defined target audience, perhaps deliberately so to accommodate a breadth of content in the form of published press releases. Here is an example of such a communication following up the initial 'sales' call. Only client details have been removed for reasons of confidentiality. 

"Hi,

Hope your well, nice talking to you earlier, here is a quick email discussing what we are looking too do with your company. We are looking too feature xyz groups ( name of item removed)  'within our industrial feature in the next issue of the publication, Its due to the fact that we have been let down with artwork at the last minute and need to fill the relevant space. As a result we will be reducing the cost to £125+vat as it is normally alot more than this. I hope to here from you soon. If you are happy too proceed, could you please reply reserving down your location and i will send you a booking form. 

We are national basis to 15000 readers which include company directors, plant managers,maintenece engineers, machine builders , design engineers, health and safety officers etc.


Kind Regards" 

What I failed to mention is that despite the emergence of the opportunist publishers most sectors still benefit from the continued existence of quality journals.  The comment on the last blog from the editor of such a quality publication offered the following conclusion.

"Industry needs a symbiotic relationship with a healthy trade press. While the enquiry mechanism has undoubtedly moved online, there is a mass of independent research highlighting that ideas are generated and business decisions made on the printed page. While the paid for advertorial magazines persist, they drag the whole of industry down around them. Those of us in the quality press do our utmost to maintain standards and to hold industry up around us. It is time that more of the PR world tried to do the same."


In previous blogs we have observed the importance of news items/press releases online in contributing to search engine optimisation performance and also the archive role of news items online. However there is emphatically a role for the quality printed publication that provides well informed and researched content that offers an authoritative voice in the industry sector it addresses.