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

Economy Category

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 »

The 5 Fastest Ways to Generate Leads

Monday, May 18th, 2009 - by Becky Sheetz-Runkle

Now is the time to leverage marketing to generate leads. In an economy where it takes considerably more leads and more times to make sales, moving quickly to keep the pipeline full is of the essence. Marketing should be helping you in the endeavor.

This article examines the five fastest ways to leverage marketing to generate and nurture leads. These tactics are designed to work in unison with more long-range marketing activities, and can be executed on an ongoing basis. They’re also meant to fit tightly with and enhance your selling process.

Webinars. Once you’ve figured out what you have to say with your webinar or series of webinars, promotion is the biggest consideration. Any media organization that you team up with to promote your webinar will be able to provide you with the list of registrants. Assuming you have a good topic that people care about, this should represent a healthy list of prospects in a reasonably finite period of time.

But beware, there are many webinar pifalls to avoid.

Seminars. The next step up from webinars is face-to-face seminars. These are more risky because you need to fill a real live room. With webinars, none of your attendees knows if they are one of 50 or one of 5,000. But when you’re in a room together, it’s all transparent. So seminars pose a constant challenge to fill a room. If the topic of your seminar is “Ten Ways Product X Can Improve Your Business Process,” don’t expect much of a turnout. The seminar must be educational in nature. Advertise good content and deliver, and you’ll build a reputation for high quality events.

As with webinars, seminars provide qualified leads. But unlike webinars, you’re team is able to actually engage potential buyers face-to-face during networking time and Q&A. Seminars are much more powerful at building and promoting your brand to attendees than webinars. They also build greater interaction with your brand and more vested prospects.

Check back later this week for more of the 5 fastest ways to generate leads.

Posted in Brand Consulting, Business to Business Marketing, Business to Government Marketing, Direct marketing, Economy, Lead Generation, Online Marketing, Search Marketing, Technology Marketing, Webinars | 2 Comments »

4.5 Reasons Not to Spend Money on PR

Monday, May 11th, 2009 - by Becky Sheetz-Runkle

Lots of B2B and B2G companies in the tech sector are talking about PR these days. I’m not entirely sure why that is. A down economy typically has the opposite effect on an organization’s willingness to spend on public relations. But this speaks volumes on executives’ confidence in how PR can impact their bottom line.

Despite Bill Gates’ now-famous PR advocacy quote, “If I was down to my last dollar, I’d spend it on public relations,” not every company should be spending on PR. Why not? Here are four (and a half) reasons why you shouldn’t spend money on PR. At least not now.

1. No room in the budget

This is where PR discussions start—and often stop. If your organization isn’t able or prepared to dedicate at least $4,000-$5,000 per month to an outside agency, or expert internal resources, PR isn’t the way to go. Spend marketing dollars elsewhere to grow the business until the time is right for PR. End of story.

1.5 If you can’t afford a strategic PR initiative….

So you don’t have highly experienced internal resources for PR? There are cost effective means of leveraging the expertise of a PR firm for execution by a junior level marketing/PR person. For details that go beyond the confines of this article, contact me at bsheetz (at) Q2marketing.com.

2. Lack of availability of management team

This is also where a good PR program can fall off. If spokespeople can’t be made available for media interviews in a timely fashion, your dollars are going to fall short. Similarly, your management team must be involved in strategic discussions, even if on a limited basis. This is the only way to ensure the strategy of the PR is in lockstep with the execution.

3. Un-seasoned Spokespeople

This dovetails with the need for the availability of your management team. Everyone wants good and meaningful features and quotes that advance their business’ strategic objectives. Your spokespeople must dedicate some time to honing their message and delivery to maximize each interview opportunity. And they need to make sure they are well prepared to address the reporter’s needs for each interview.

A formal media training is advised for most executives, even the ones who don’t think they need it. (Sometimes it’s especially the ones who don’t think they need it.)

4. Inconsistency

PR works effectively when it happens consistently. It will take some time to begin to generate results. But once the ink starts to land, it has to continue. The good news is that media coverage typically builds and increases exponentially if a good program continues. If you’re going to spend money on PR, be prepared to do so over the long-term. That’s how to create results.

If PR does make strategic sense for your company, it will require a measure of patience. But it’s worth the wait. Read more about how to make PR worth the wait and realize big returns.

Posted in Business to Business Marketing, Business to Government Marketing, Economy, Public Relations | No Comments »

10 tips for finding the perfecting marketing agency–part 2

Tuesday, May 5th, 2009 - by Becky Sheetz-Runkle

How do you choose the perfect marketing or PR agency for your company? Read on for some advice. And be sure to check out the four essential ingredients you’ll need before selecting a marketing agency.

The first three tips from part one were:

1. Delivery commitment

2. Seeing the big picture.

3. What’s the ROI?

Now on to 4 and 5….

4. Order up. No good agency will be content to simply follow orders. If the agency is tuned to your business objectives, they’ll want to do their part to help steer you to your goal. (And if they’re good, of course they’ll be tuned to your business objectives.)

Among the most sought-after strengths of a marketing firm are their creative prowess and innovative ideas. If you want their best, you’ll need to give them some freedom. Even the best agencies and creative pros will become apathetic and slip into order-taker mode if they believe their ideas aren’t being heard. This isn’t good for them—or for you.

5. Birds of a feather. You’ll want your agency to have a track record serving businesses like yours. If you’re selling to government, they must know that market. If you need to reach female consumers, your agency must have demonstrable expertise there. Find out where they’re strong and the difference they have made for those brands. If you’re looking for full service, find an agency that can and has delivered.

Check back soon for the rest of the five tips!

Posted in Advertising, Business to Business Marketing, Business to Government Marketing, Economy, Technology Marketing | 1 Comment »

6 Principles of Brilliant Branding from Starbucks–part 2

Friday, May 1st, 2009 - by Becky Sheetz-Runkle

This is part two of the paradox of branding from Starbucks’ John Moore’s appearance last week. Moore is the brand’s former marketing strategist. Read part one for the first three principles of brilliant branding.

4. “Marketing is too important to be left to the marketing department,” said David Packard, co-founder of Hewlett-Packard Company. Every employee is part of your marketing department. One great person equals three good ones. Moore cited The Container Store, as a living example of this. Their mantra is to pay their great people two to three times more than they would make in a similar position.

Astonished employees, he postulated, will astonish customers.

5. If the market grows, the business must grow. Marginal companies get squeezed out when boon conditions abate. He asked the question, “If your business went out of business tomorrow, would anyone care?” Can you say with conviction you would dearly be missed by your employees and customers? If so, you’re doing something right.

Starbucks closed 1,000 stores. Customers went online and petitioned the closing of many stores. The customers cared.

6. Be influenced by “the paradox of growth.”

The smaller you are, the bigger you must look. The bigger you are, the smaller you must get. For those big guys, he cautioned, remember what it took to get where you are.

He concluded by sharing that Starbucks never set out to be well branded. It just happened. If you build a business that’s profitable, makes employees and customers happy, then you don’t need to worry about branding. Branding will take care of itself.

Posted in Economy, Industry Trends, Marketing Research, Public Relations, Sales and Marketing | No Comments »

Most Popular

Categories

Options

Feeds