Q2 Marketing Blog – Technology Marketing, Public Relations, Brand Consulting

Economy Category

IT Spending to Rise 6.6% in 2010, Says Forrester

Wednesday, January 13th, 2010 - by Becky Sheetz-Runkle

Forrester Research predicts IT spending will rise 6.6 percent in 2010. This is a stark contrast to 2009, where IT spending fell 8.2 percent in the U.S. and and 8.9 percent overall in international markets.

Hardware and software investments will drive the rise in spending, with software projected to rise 9.7 percent.

Read more from Nasdaq.com. Here’s to a strong tech marketing 2010!

Posted in Business to Business Marketing, Economy, Industry Trends, Marketing Research, Recession marketing, Research and studies, Sales and Marketing, Technology Marketing | No Comments »

Goverment Contractors, Is Your Brand Unique?

Thursday, July 30th, 2009 - by Becky Sheetz-Runkle

We’ve been focusing on a favorite topic of mine—branding for government contractors. I’ll be the first to tell you that revenue generating initiatives are of greater value in a down economy than branding efforts. But federal contractors are different. Generally speaking, they tend to lack the strong brand identity and recognition of their commercial sector counterparts. Only, unlike their commercial counterparts, successful government contractors, with a greater immunity to the recession, can afford to make the investment in brand building now.

But why should contractors turn their attention to branding now? Because the industry—which is already awash in tech firms, professional services firms and goods and service providers—is getting more and more competitive every day. New players are entering the fray by the minute. The contractors that have been there and done that need to raise their profile and build their brand if their long term goals include growing their business.

Let’s revisit our first of four principles from Branding in the federal sector: For a brand to be effective, it has to be unique.

This means the brand must be distinctive from the others in your playing field, which, unless you’ve carved out a very distinct niche, is probably pretty crowded. Occasionally we have clients approach Q2 Marketing to say they want to create in impression on the market that “we aren’t like all the other beltway bandits.” Bravo. We love those people because they get it and because it’s job security for us. And because it’s sound marketing strategy.

If, by contrast, your branding strategy is to find out what the best-known and most successful competitors say and look like, and emulate them, expect muted results. Yes, federal buyers are notoriously risk averse and make the safe choice. But you can communicate to your audience that you’re safe, while making a distinct and lasting impression.

So ask yourself, what’s unique and superior about my company? Hint: the answer is not your disadvantaged status. Trust me, you’re not the only 8a or woman-owned small business in town.

When you determine what those differentiators are, you are on your way to a value proposition. Now ask yourself how you’re communicating that to the marketplace at every step along the way in the sales cycle.

Join us soon for more on this hot topic and feel free to share your comments if you disagree. I know there are dissenters out there. I talk to them all the time….

Posted in Brand Consulting, Business to Government Marketing, Economy, Industry Trends, Lead Generation, Messaging & Positioning, Recession marketing, Sales and Marketing, Technology Marketing | No Comments »

Federal Sector Branding Basics

Tuesday, July 28th, 2009 - by Becky Sheetz-Runkle

Building or maintaining a strong brand should be an important short and long term revenue goal for your company. Especially in a recession. But for many federal contractors, the time, attention (and money) dedicated to this initiative fall short. The reasons for this are many and range for too much emphasis on set-aside status, to a desire to make marketing materials look and sound like other industry players. For example, many small government contractors want their marketing materials to sound like Lockheed Martin or CSC, but of course don’t have the marketing budgets of the big boys.

According to the American Marketing Association (AMA), a brand as a “name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of other sellers.”

Often beginning with a Positioning Statement, a core objective of developing a strong brand is to clearly answer the following questions:

What is unique about my organization or brand in the context of the industry as a whole?
Which of these factors are most important to my clients and prospects?
Which of these factors are most difficult for your competitors to imitate?
Which of these factors can be most easily understood by my prospects?

There are four key rules of branding. These apply to companies serving both the commercial and federal sectors:

For the brand to be effective, it has to be unique.
For the brand to make an impact and be memorable, it has to be clear and compelling.
For the brand to generate revenue, it has to foster a sense of ownership by my clients, partners and employees.
For the brand to be credible, it must be believable.

Check back soon for more of what works and what doesn’t in branding for government contractors.

Posted in Brand Consulting, Business to Government Marketing, Economy, Messaging & Positioning, Technology Marketing | 1 Comment »

Building brand a loyalty a recession marketing must

Friday, July 10th, 2009 - by Becky Sheetz-Runkle

Customer loyalty is another casualty of the recession. Buyers, including your customers, are aggressively hunting to spend only on what appears to be the absolute best decisions with their budgets. This is true in any economy, but at no time is it a greater reality than now. This poses a threat to pretty much everyone, and the tech sector is no exception.

We recently discussed two of the best ways to build brand loyalty:

1. Say thank you.

2. Remind your customers that you’re great

Let’s spend a little more time on number two. Reminding the buyer why they bought from you in the first place, and all of the virtues of your product or service is absolutely critical in this economy. The first and most important question is: does your company deliver exceptional products or services? If the answer is yes (and let’s hope it is!), how are you communicating that?

Down times are the absolute best times to both build brand loyalty and aggressively communicate the values of your brand. How do you do this?

It’s essential for you to communicate why your business is the superior choice to the many competitors you probably have. If your customers (or prospects) can find it cheaper, there’s a good chance they’re looking for it right now. How can your marketing messages head off that threat? Make sure you’re communicating why it’s a better investment to spend a little—or a lot more—and work with you.

Dropy by next week for a discussion on the best tools for carrying out this objective.

Posted in Brand Consulting, Business to Business Marketing, Business to Government Marketing, Customer retention, Economy, Industry Trends, Sales and Marketing | No Comments »

Best Ways to Build Brand Loyalty in Recession

Thursday, June 25th, 2009 - by Becky Sheetz-Runkle

As discussed last week, brand loyalty is another consequence of this recession. From grocery stores to enterprise solutions, buyers are tenuous with budgets and all too eager to swap out product and service providers to save a few dollars.

So, aside from providing awesome products and services and enviable customer service, what are you doing to boost brand loyalty and retain your customers? The first and most important step you can take is to tell your customers two very important things.

1. Say thank you. How are you thanking your customers for their loyalty? The answer can’t be that the sales representative checks in once a year to re-up the contract. That’s not saying “thanks.” That’s say, “where’s the money?” And customers see through it.

An option is to have your account managers or senior leadership pick up the phone and thank customers for their business. Of course, you always want more business and cross selling is important, but the purpose of these calls should not be to highlight a new offering or upsell a contract. The purpose is to say thank you.

If you’re in a high volume business with thousands of customers, that’s untenable. But you can at least call key customers. Emails and letters are alternatives for large customer bases. For your non-government customers, take them to lunch to show them you appreciate their business.

2. Remind them that you’re great. The purpose of thanking your customers is not to give the impression that sales are down or revenue is tight, if that’s your present reality. You’re not calling to beg them to continue on with you. Good, bad or neutral times, showing appreciation is always a good idea.

Selling and marketing don’t stop after the sale is made, unless you never want their business again. Once an organization joins your customer roster, you must periodically remind them that you’re the absolute best choice they could have made. Chances are they have other options for the products or services you provide. If you keep in front of them in a positive light, you’ll reduce the likelihood that they will want to shop around for alternatives. That’s why marketing is a recession is so critical.

Posted in Customer retention, Direct marketing, Economy, Industry Trends, Public Relations, Sales and Marketing, Technology Marketing | No Comments »

Q2 Marketing Cited in Slideshare’s Content Marketing Predictions for 2009

Monday, June 22nd, 2009 - by Becky Sheetz-Runkle

Slideshare’s Content Marketing, Social Media and Marketing Predictions for 2009 cites research commentary from Q2 Marketing. Find the presentation, full of great resources, here:

http://www.slideshare.net/ambal/clickdocuments-content-marketing-cheat-sheet

Posted in Business to Business Marketing, Business to Government Marketing, Economy, Industry Trends, Marketing Research, Online Marketing, SEO, Search Marketing, Social Media, Technology Marketing | No Comments »

Brand Loyalty–Another Recession Consequence

Monday, June 22nd, 2009 - by Becky Sheetz-Runkle

For most of you out there, another fallout of this strange economy is the loyalty of your customers. Buyers are increasingly looking to make the absolute best decisions with their budgets. In an attempt to shave dollars, they will even incur greater risk by swapping you out for a new product or service provider. And there’s also the risk of them cutting your portion of the budget entirely.

Forrester’s George F. Colony says in the Huffington Post:

Brand loyalty will be limited. For five years, Forrester has been tracking the precipitous decline in brand loyalty — particularly for complex products like cars. Brands will afford only limited protection for your company in the new world — because choice has been radically expanded. All brands are subject to consumer testing, discussion, disclosure, and transparency. You can no longer own your customer — your customer will own you.

Wow. Your customer will own you. Seeing any of that in your industry?

Now, if you’ve been paying attention, you know the Technology Marketing Blog isn’t about gloom and doom or hand wringing. We’re about solutions here, people. The question is–what are you going to do with this information?

We all know that new customer acquisition is a high priority. But an even higher priority is keeping the customers you’ve worked so hard to attain. If your pipeline has slowed, you certainly can’t afford to lose customers. But if customer retention isn’t part of your current marketing strategy, be prepared to face that unpleasant reality.

Later this week we’ll discuss marketing activities you really should be doing to increase customer retention.

Another interesting, if harrowing read, is from NakedCapitalism.com. If you’re not on board with the severity of this issue, this is pretty convincing.

Join us next week for solutions, and visit www.q2marketing.com for lots of other ways to solve your tech marketing challenges. Till next time….

Posted in Customer retention, Economy, Industry Trends, Marketing Research, Research and studies, Sales and Marketing, Technology Marketing | No Comments »

Last things you need before you begin to blog

Monday, June 15th, 2009 - by Becky Sheetz-Runkle

This series grew out of my heartfelt conclusion that B2B and B2G blogging isn’t for everyone. Sometimes I get the sense that non-bloggers feel guilty about not yet joining the fray. Conversely, a hearty helping of business-to-business bloggers that, it turns out, have very little to say, have jumped in. The series began by highting the four attributes a would-be blogger absolutely must have:

Strategy
Discipline
Desire
Content

But, from there it grew. Because in addition to these, skill and content targeted to audience are essential, as we explored in part two. But wait, there’s more. Here are our final two attributes you need if you’re going to blog. At least for now.

7. Patience. You aren’t going to experience a groundswell of traffic to your site overnight. You probably won’t experience much traffic for the first number of months. Patience is a prerequisite. This ties into the discipline mentioned earlier. Know that this requires a big picture, long term perspective. We all want thousands of unique visitors each day. But remember one qualified inbound lead as a direct result of your blog has greater value than one thousand passive readers.

On readership, promoting the blog is an entirely different story. A story for another time.

8. Metrics. All good marketing is about metrics and blogs are no exception. One of the single greatest assets of web marketing is measurement. Google Analytics, which is free, will give you great data on traffic to your blog, most popular pages, time on site, referring sites and more. Use this information to understand the types of topics of most value and interest to your readers. When quantifying the value of your blog, refer back to your strategic objectives and make sure your goals are in alignment with your initiatives. And the most important metric of all: are you getting qualifed leads?

Posted in Business to Business Marketing, Business to Government Marketing, Economy, Industry Trends, Lead Generation, Online Marketing, Public Relations, SEO, Sales and Marketing, Social Media, Technology Marketing, Web site development | No Comments »

The 5 Fastest Ways to Generate Leads in a Recession–part 3

Friday, June 5th, 2009 - by Becky Sheetz-Runkle

Leads. Leads. Leads. They’re worth their weight in gold in any economy. But in a recession, qualified lead volume is as essential as it gets. This is the final of our three part series on the five fastest ways to generate leads. Read part one and part two of the fastest ways to generate leads.

To recap, the first four of the quickest ways to generate lead–and sales:

Webinars
Seminars
Speaking Engagements
White Papers

One quick note on the tactics mentioned in these two recent articles: A lot of companies are still spending significantly on lead generating marketing activities. Word on the B2B and B2G tech marketing street is that these activities continue to work, but a greater volume of leads are needed to close sales.

We’ve saved our most non-traditional marketing activity for last as we explore the fastest ways to generate leads. The last program is telesales. We consider this to be non-traditional from a marketing standpoint, because it falls much more under the banner of sales than marketing. But, like in much of the sales and marketing world, this should be a shared responsibility.

The business model of firms that provide telesales is only growing in this economy. There is no shortage or companies that provide this service. Here’s how it works: they make the cold or slightly warm calls to schedule meetings for your sales people and/or technical experts. These can be very helpful in any economy, but especially now when leads volume is so desired. But just because this is a tactical sales exercise doesn’t mean marketing should sit on the bench.

One of the biggest frustrations executives have with outsourced telesales is the script. The telesales people use the elevator and subsequent messaging the company provides. If the message is off target, the value proposition unclear or the message otherwise misaligned, the calls will have limited success.

Marketing should be engaged at day one to craft the call script and ensure it’s aligned with the corporate messaging, product messaging, etc. Marketing should also be involved in the strategic selling process for each movement within the funnel.

Examples: What is the next step that should occur from a marketing standpoint? Should the lead be added to the marketing database, deleted from the database, scheduled to receive a follow up communication such as a white paper, webinar invitation, enewsletter, etc? This is all part of the sales and marketing process. The best case scenario is that the calls close in the short term. But that won’t happen all the time, so the plan for nurturing the leads through the pipeline has to be considered carefully—and early—in this process.

Additionally, marketing should be involved in testing the message. How well are the calls going? Do prospects understand the value of the product or service? What are their push backs? Marketing must evaluate this feedback and hone the script until it’s fully optimized. Again, it’s a process. The days of throwing random messages against a wall to see what sticks are over in today’s ROI-focuses marketing paradigm.

Generally speaking, the programs highlighted in this three-part piece are the five fastest ways to generate leads. If there are any that you’re not currently exploring, now’s the time to take a closer look.

Posted in Brand Consulting, Business to Business Marketing, Business to Government Marketing, Direct marketing, Economy, Industry Trends, Lead Generation, Messaging & Positioning, Sales and Marketing, Technology Marketing | 3 Comments »

The Quickest Ways to Generate Leads-3 & 4

Thursday, May 21st, 2009 - by Becky Sheetz-Runkle

Keeping the pipeline full and opportunities moving through it has gotten increasily difficult for almost everybody. I talk wtih sales people and leaders all the time in industries as diverse as technology, marketing, professional services, advertising, financial, healthcare and more. They’re all pretty much saying the same thing. Chances are, these are the same things being said within your organization.

We may not be able to unilaterally market our hemisphere out of a lingering recession, but we can put some programs in place to begin developing and nurturing leads–today. Let’s explore two more of the five fastest wasy to generate leads. Read about the first two of the fastest ways to generate leads here.

3. Speaking Gigs. Secure speaking engagements for your executives, technical people and other relevant and qualified experts. Large conferences and tradeshows will begin accepting abstracts for presenters at least nine months in advance. Not exactly a quick way to generate leads. But the sooner you start looking for these opportunities, the sooner you will have executives lined up. And stay plugged into good events so your executives can be reached out to for regional events that don’t take as long to plan. Remember, some people come to tradeshows to evaluate and buy.

In addition to major conferences, contact chambers of commerce, relevant associations and other business organizations to see about being added to their calendar for a more imminent event. There are a multitude of such organizations in most metropolitan areas in the United States. If the audience is a fit and includes some well qualified potentials, this can be a powerful initiative. If the topic and content are good, this builds and fosters credibility that will move your organization to the short list of service providers or vendors.

4. White Papers. Do you have valuable, current white papers that fit with the strategic direction of your organization? Even if you don’t have finely polished papers, you probably do have components of good white papers circulating in your proposals, internal documents, client deliverables, etc. We know that nailing down your subject matter experts to develop white papers can be a challenge. But it’s worth it. White papers can be important for promoting to your marketing database, as well as to the rest of the prospect world. And if you use a white paper distribution service, you’ll build valuable credibility and leverage Search Engine Optimization (SEO) for your key services and products.

Posted in Advertising, Business to Business Marketing, Business to Government Marketing, Direct marketing, Economy, Industry Trends, Lead Generation, Public Relations, Sales and Marketing, Technology Marketing, Trade Shows, White paper marketing | No Comments »

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