Archive for the ‘Methodology’ Category

Marketing maturity model

Monday, September 28th, 2009

To evolve your marketing and outreach, start by understanding your current capabilities. In this webcast, Krim and I discuss how to assess your organization using the Marketing Maturity Model.

Segmentation for growth

Friday, September 11th, 2009

Segmentation matters… find out why in our new webcast.

 

Methodology: Segmentation for Growth from Patrick Doherty on Vimeo.

X-ray vision carrots

Wednesday, August 12th, 2009

Client awareness of behavioral economics as a part of the marketing analysis toolkit has been a really exciting development for us.  It really brings focus and a new vernacular for describing the pros and cons of messaging choices that clients face when confronted with a variety of audiences. From initial primary customer research through product launch, data is key.

But, interpretation brings it all together. Especially in today’s challenging economic environment, even with logic on your side, the right message means the difference between customer lock and moving carrots.

Social media governance

Wednesday, July 29th, 2009

Krim’s post on Twitter’s migration to its new landing page and its likely attempt to broaden its audience made me think about the deep thinking that our friend Chris Boudreaux has been doing on social media governance. We’ll have an interview with Chris up on the website in the near future.

Take a look at the issues and solutions he raises in this presentation.

Process and infrastructure in good marketing

Friday, July 24th, 2009

I had lunch with a former colleague today. She’s a former consultant and we tracked onto the topic of what good consultants (vs. bad consultants) leave behind when the project is done.

When I look back at our best work, the most successful projects have a very important aspect in common. The deliverable build was oriented around a pre-planned process and included the construction of an infrastructure/architecture (some simple, some complex) that could be handed off to the client at the end of the project.

In many cases, it would be much easier to swoop in, generate the marketing, build the presentations, write the speeches and line up the next project. But, the more interesting approach includes the development of repeatable process and infrastructure components to which future client marketing projects can be tacked. A set of robust tools that can get you where you want to go over and over again (like our good bridge above).

We’ve certainly had clients that aren’t as focused on that aspect at first, but it’s our duty as professionals to put the option front and center. This is especially the case when our C-level clients have the fiduciary duty to public shareholders.

We’re focused on integrating business strategy and marketing operations in the practical work we deliver. Process and infrastructure are invaluable to making that succeed for our clients in the long-term.  

Marketing metrics that work

Thursday, June 11th, 2009

In these times of tighter corporate budgets it’s more important than ever to ensure that your internal and external marketing strategies can be measured against quantifiable, measurable, and useful benchmarks.

Marketing metrics that actually work have fundamental criteria that define the short- and long-term usefulness of the metric.

1. The metric is aligned with desired business results

2. The metric being measured is something that can be influenced through management action

3. The metric can be measured with accuracy that falls within some  acceptable limit

Probably the hardest part of developing metrics is obtaining agreement and buy-in that draft metrics do in fact meet the criteria listed above.

Here are some good examples of marketing metrics that can be applied to your company’s products and services that I’ll explore in greater detail in a later post:

  • Awareness levels
  • Purchase decision drivers
  • Rate of customer acquisition
  • Market share
  • ROI of marketing campaigns
  • Cost of customer acquisition

 

 

You can get there from here

Wednesday, June 3rd, 2009


Do you think you are a poor public speaker? A bad writer? I can’t count how many smart, articulate people I have met who think this about themselves.

Bottom line: communication is communication. The core skills involved – defining your message, fitting it to your audience, delivering it and adapting it based on feedback – do not change whether you are in a casual one-on-one conversation or delivering a formal onstage presentation. Important aspects of behavior and performance will change, but the underlying principles are the same.

The lesson: if you are an effective communicator in any forum, you can be effective in any other. It will require work, focus, and (hardest of all for most people) critical self-awareness, but it can be done.

Branding for the rest of us

Friday, May 29th, 2009

Few areas of marketing are as misunderstood as branding and messaging. Many, many smart people confuse the issues involved here, at great cost to their business.

Some of where the confusion lies, I think, is in what the term “brand” has come to mean. The image that most people get in their head when they hear the word is a Coke bottle, a Wheaties box, or some other mega-brand. For those companies – consumer package goods companies, auto companies, phone companies, and so on – their “brand” is the result of years, often decades of heavy mass-market advertising.

Typically, the most important elements of their brand package are those that can be quickly absorbed… often, their visual brand (logo, packaging, colors) and tagline (“Just do it”). Companies like this will invest millions in careful study tinkering at the margins with their brand – should their logo be icy blue, or sea blue? What images should they use on their package?

Most of us aren’t in that business. If your product or service meets any of the following conditions, you need to think about brand very differently:

  • Not sold to a pure consumer audience (B2B, or a combination of B2B and B2C)
  • Relatively high price point
  • Not supported by mass-market advertising
  • Complex purchasing process (not a simple transaction)
  • Some post-sales customization or support required

If this describes your company’s offering, it means that while quick-hitting brand elements – the logo, the tagline – still matter, they are just part of the conversation. While the mega-brands focus on making their brands as broadly relevant as possible, you need to make yours deeply relevant.

The focus is on depth, not breadth – and that makes all the difference. It means answering different questions, such as:

  • What is the overall mission of my business?
  • What are the key elements of value that we provide to our customers?
  • What are the aspects of our business that makes us capable of delivering that value?
  • Who is the decision-maker for my product? The influencer? The enabling partner? 

Taking the above into account, you have to nail down your core brand promise, pillars, and supporting proof points, and translate them into compelling messages. While your core brand promise should be consistent, the way you express it might be quite different to different audiences (customers vs. merchant partners, for example).

This is no longer a limited “branding” discussion; it’s really about how you represent your company and products to your customers and other audiences. Once we define branding this way, you take it out of the hands of the “brand cops” – the people who get mad when the company logo doesn’t have the right space around it on a brochure – and make it the domain of everyone else.

Think about the other people in your business – your partners, employees, sales people, marketing staff. How would they answer the questions above? What would they pick as the elements to highlight about the business? What words would they use?

Your most expensive customer

Sunday, May 10th, 2009

Who’s your most expensive customer? Chances are, the one you don’t have yet. The cost of acquiring new customers is high; the cost of upselling your existing customers is relatively low.

Again and again, I run into marketing leaders – smart people with an otherwise solid understanding of their business – who see their mission exclusively as selling to new customers. The best, most sustainable businesses invest in their customers not just to win new revenue, but as a hedge against competition. They understand how precious their customers are and are willing to do the hard work to retain and grow their business.

So how do you sell to your current customers?

  • Understand their needs. If account management is part of your business model, you should already have people on your team who are close to your customers. Start by talking to them. If not, you need to understand more about the people who are buying your product; do it by any means necessary… focus groups, surveys, and phone interviews are all great, low-cost ways to start.
  • Break them into targetable groups. The idea is to break your customers into distinct segments based on their needs and the way they use your product today. For each segment, decide what the most logical next product or service would be. This sounds hard; it’s not.
  • Integrate upselling into the overall customer experience. How are you touching your customers today? Look at their whole experience – from point of sale through to service – and think about building a continuous upsell path into the whole cycle. Think about it from their point of view: what do you have to offer to help their business? How can you embed opportunities for them to adopt the best new services or products into the way they currently work with your business?
  • It’s not just about net new sales. Your goal is not simply to sell more, it’s to sell the best possible solution to each individual customer. You should goal your business not just on sales, but also on satisfaction.

The only thing that might cost you more than winning a new customer is having to “rescue” a customer on the verge of leaving with special attention, services, and discounts. Investing in your current customer base and finding new, smarter ways to build stickiness and revenue has never been more important.

Why your messaging is horrible

Wednesday, May 6th, 2009

Why is so much marketing bland and generic? Early in my career I did a lot of corporate communications projects – copy writing for brochures, web sites, and so on. Most of the time, the work went well; when it didn’t, it was often because an interesting dynamic took hold on the client team. You might recognize this effect from your own experiences.

Get a group of stakeholders in a room and ask them what they want from a communications project. The answers will usually be something like:

  • “We want to stand out.”
  • “We need a clear, simple story.”
  • “We want something that will really make our customers react.”

Here’s what that same group might say later, when presented with the draft copy:

  • “I like this, but it feels too bold.”
  • “We say we do X, but we also do Y and Z – shouldn’t we also say that?”
  • “I like this part here… and this part there… can we combine them?”

Great communications never come out of a committee. The natural tendency of the group is to target what is distinctive and new, to question it, and strip it away. This effect is greatly magnified if there no clear decision-maker; now the communications project has to satisfy everyone. The draft review becomes a big consensus-building process.

If your messaging or communications project goes down this path, you won’t end up very far from where you started. The group will retreat towards familiar, comfortable messages and themes.

Interestingly, at the end of projects like this, clients are often very satisfied; they are flushed with their success in achieving consensus. They feel validated – “the group really came together there” – and that good feeling colors how they see their messaging. They are delighted with the outcome, even if they have the same dreary, cluttered muck that so many companies do.

If you are running a communications project or working with a creative agency on messaging, here’s how to avoid this:

  • Take input from many – but limit final content decisions to few. Or just one, ideally.
  • Work with the right talent. If you want distinctive communications, review their portfolio to see if they’ve delivered in the past. Does their stuff sound like everything else you’ve ever read?
  • Test with your target audience. Unless you test your messages through focus groups or surveys, you won’t know how they resonate. Everything else is just talk. In the messaging work we do, whenever possible, we test for impact.