Posts Tagged ‘small business marketing’

Is your Facebook Advertising plan part of a bigger plan?

November 9, 2016

Digital advertising is getting a lot of attention and is generating a lot of buzz. For many small to mid-sized businesses, the risk is chasing the latest shiny object, the newest silver bullet. Keep in mind advertising is a marketing tactic. To clear through the noise, stay focused on your objectives and then evaluate if the tactics (e.g., digital advertising) will attain the objectives as effectively and cost efficiently as other alternatives. There are many aspects of digital advertising – PPC, Facebook Advertising, geofencing and the list goes on. One’s head could be spinning trying to evaluate what makes sense for your business. This blog highlights Facebook Advertising and how it is integrated into the overall marketing strategy to achieve both awareness and leads for a FMM client. The intent of the below is to highlight the importance of integration and coordination. Ultimately that is critical to effective and efficient planning and execution.

Assumptions before you read any further:

You have carefully reviewed all marketing tactics to achieve your defined objectives and have affirmed that money spent on Facebook advertising makes sense.

random-puzzle-pieces-dreamstime_xs_12493544

Integrating Facebook Advertising into your Marketing Plan: Review your marketing efforts – are they tightly integrated or is each effort (e.g., website content, banners and promos on your website, email marketing to drive leads, and Facebook advertising) a separate, disjointed effort like pieces from multiple puzzles? Are the messages cohesive? Do all the graphics support a consistent and cohesive brand? Think of your marketing plan including digital advertising as building one puzzle, not a bunch of random, puzzle pieces (e.g., tactics).

To help you integrate digital advertising into your plan, review the below simplified (yes this is simplified!) flow chart of 4 tightly integrated marketing work streams for one of FMM’s clients. Each month once the promotions have been confirmed with sales management, 4 tightly integrated work streams are kicked off. For this client, sequencing and timing is critical to have all elements orchestrated and live as promotion time periods are generally short (generally ~21 days ).

facebook-advertising-strategy-and-process

The 4 integrated work streams are:

  1. Email marketing with A/B testing – driving consumer to unique landing pages added to websites.
  2. Research – specifically competitive research and demographic profile building to support ad campaign building and website content.
  3. Website content – click throughs from email marketing campaigns go to unique landing pages; Facebook ads link to unique landing pages for additional details of specials. Pages include calls to action, competitive research to assist consumer in decision-making with all pages using Google Analytics for reporting and analysis by campaign.
  4. Facebook Advertising campaigns – multiple campaigns are developed for targeted audiences leveraging competitive research and demographic profiles to create a Facebook custom audience. Each campaign has unique ads linking to custom website landing pages. Each Facebook ad also includes a tracking URL, for accurate measurement of response using Google Analytics.

Your business may not be as time sensitive. For us, the tight orchestration is critical to not miss market opportunities and reach our ideal target audience through 2 primary marketing strategies: targeted email marketing and Facebook advertising allowing us to reach a distinct target audience with the same promotions.

Even if your business is not as time constrained, some things don’t change by incorporating digital advertising into the marketing mix. The same fundamentals apply that have always applied in effective marketing:  get the right offer out to the right audience.  Make sure the pieces fit together.  completed-puzzle-dreamstime_xs_70193339

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Choose your words carefully

May 27, 2016

chess move strategy

One of my favorite parts of marketing is developing the brand through the careful selection of words.  I am a nerd. I readily admit that and am totally comfortable with that label.

This past month has been great spending strategic time on words. We made considerable progress for one of our clients in further development of the company’s messaging, positioning and terminology. In the past month we announced a new product and all the various efforts of preparing for that launch led to pages of notes, questions, and points of clarification. Additionally, and true for any small, rapidly growing company, the message naturally evolves over time. Two of us on the For Marketing Matters team led the charge to document standards to solidify and clarify positioning, messaging and word choice. Over the course of two meetings with the CEO we honed in on specific word selection to discuss, confirm and document standards including examples and explanations for the word selection. This document is a tremendous resource for our marketing team, but also for the company as a whole. The sessions with the CEO resulted in further clarity and alignment to the point the CEO requested the asset be included in the board package for this week’s meeting.

Why words matter (and how you could benefit from this same effort):

  1. Alignment.  How aligned is your team? For this client, the management team is geographically dispersed across the globe working at a rapid pace. This poses a real challenge for broader, strategic discussions to occur across the management team on a regular basis. We literally kept a running list of inconsistencies and questions to bring the challenge to light while developing press releases, sales tool kit materials, web content, technical specifications and sales presentations. As engineering was finalizing the product, operations was selecting final exterior finishes and sales was building the pipeline and the risks of mixed messages was high. Everyone had the right intent, but it felt like herding cats.
  2. Ownership. Words should not be casually selected with little to no grasp of the implication it can have. Example.  I was on a call reviewing a PowerPoint presentation and an idea was casually raised wondering if we should edit a bullet n the PowerPoint to describe the product as a “smart device”. I literally almost dropped the phone. Huh? This is not a casual edit to then move onto the next bullet. This type of descriptor needs to be thought through in terms of the implications to the product positioning and to the market and target buyers. If you are a CEO, ownership of messaging and the resulting choice of words needs to be made clear – this is not to be casually edited by anyone in the organization to decide they want to jump on the bandwagon of ‘smart devices’ or ‘Made in the USA’.
  3. Clarity. Literally don’t leave it up to chance. Don’t assume other employees are on the same page. Get it in writing and then distribute it – especially valuable if key personnel are geographically dispersed and don’t have the benefit of being in the same office, picking up important tidbits throughout the day.
  4. Scale. Just like the old telephone game played at many a sleepover as a kid, the message gets distorted with every person added to the chain. If scaling your organization is a priority to achieve your growth goals, don’t ignore the critical role that words have in enabling your company to scale. Capture the words you want employees to use; capture the words you want customers/clients/prospects to hear and understand. Use this asset as part of your on boarding plan.

focus definition in dictionary

 

Some tips to help you build, expand and manage this asset:

Ground rules:

First, it is important to recognize and embrace that this asset is never done.  It is a working document and marketing should own it. If you don’t have senior marketing expertise on your team, you need to. They don’t need to be fulltime, but you still need the expertise.

Second, this is not distributed for review and comment!  The danger of everyone in the company feeling they have a voice in weighing in on word choice is not realistic nor recommended. Marketing owns messaging. Marketing is not part of everyone’s job description. Working closely with the CEO is critical, but the reality is that others in the organization are most likely not well-suited for the nuances of word choice and let’s face it we all have our view of the world (remember those old posters where Boston would dominate the Globe, or New York etc.?)

What to include in establishing messaging, positioning and terminology standards:

Messaging – should include company-level and product level. Include the elevator pitch.

Terminology – document the terminology that is critical to your value proposition. Use examples of how the terms are to be used and what terms should never be used.  Example – for this client, the product is NEVER referenced as a ‘device’.  If this makes your head hurt, secure the right expertise to facilitate this investment – it will deliver a ROI if implemented correctly across the organization. No doubt.

Trademarks and registered trademarks – from a branding perspective, develop standards of how TM and R will be used. Again, consistency and clarity builds the brand. Don’t leave this to others in the organization to know how to handle. Document it and distribute across the organization.

Let’s face it most small, entrepreneurial companies don’t have a lot of overhead. They are nimble organizations. Many have not secured an outsourced marketing department like For Marketing Matters to develop and manage such assets to enable scaling of the brand and the organization. The reality is we can’t review every manual, document, proposal, client report that goes out the door for this client. We can build standards and manage the brand as part of the team and ultimately serve as the internal police to protect the brand.

So what words matter for your company?

As CEO, do you cringe when a team member uses a certain word that you never want used? Do you have a visceral reaction when a client is referred to as a customer or serving a customer is described as ‘dealing with the customer’? If your word choice is not clear internally, how can you possibly be well-understood by the market?

Watch this great Inc. video of how Dermalogica focused on words to build their brand.

The nerd in me celebrates the progress made in establishing standards in terminology this past month.  It feels great and paves the way for scale, efficiency, clarity and consistency.  The ROI is unquestionable.

 

 

 

Are you on target?

February 6, 2016

Target-Audience

Know your audience.  Marketing 101 stuff, right?

So, when was the last time you reviewed your documented ideal target audience? If your answer is vague and reminds you of how you answer the dental hygienist when asked about flossing, it’s time to review it.

Why should you bother?

  1. Are you hiring this year? If so, a current ideal target audience will help shorten a new sales person’s learning curve. Time is money.
  2. Are you evaluating events to speak at or attend? Your marketing team will be more effective in evaluating the right events to prioritize where the investment is spent if they can efficiently evaluate the event attendees against your ideal target audience.
  3. Messaging. Basic, I know, but really important to make sure your marketing message is revised and refined to speak to the ideal target audience.
  4. Media. Is PR part of your marketing strategy for awareness and credibility? If so, a documented target audience will help your marketing team or your PR agency fine-tune their media list and prioritize the media to target for coverage.
  5. Social media. Directly linked to messaging, but too many companies waste time with an unfocused social media effort. Groups (e.g., LinkedIn)can be a very effective way to dramatically increase awareness and credibility but you need to know who you want to reach for the social media specialists to develop the right content, hash tags and engage with the right groups to attain ROI.
  6. Alignment. This probably should be #1 on the list as having an ideal target audience in someone’s head does not scale. At a minimum sales and marketing (hopefully not the same group nor the same people!) work together to develop the ideal target audience and then revisit and refine with feedback from sales on a periodic basis.

This week we worked with one client to updated their ideal target audience. It had been a year.  It was great to see the progress in how much more we (marketing and sales) know about our ideal target audience in 12 months! The clarity of the refined target audience is already making an impact as we just today passed on an event given the target audience was not aligned with our priorities (time and money savings).  With new sales folks joining the company, this is a great way to help them prioritize their contacts in their iPhones/Rolodexes to help them get started with a targeted sales plan for their territory.

If you have never documented your ideal customer/client, do that first.  In no particular order, write down everything that makes your ideal client ideal. Then convert that list of characteristics (include key parameters including but not limited to geography (if relevant), industry, company type, size, attitude/outlook, needs, title/role) into your first documented ideal target audience. At least annually, review it. I bet you will be amazed at what you learn and how it helps you and your business.  After all, having an ideal target audience is fundamental to building a business on a solid marketing foundation.

 

CEOs: 4 things you can learn from Twitter

January 29, 2016

checklistAs a CEO/President of a small to medium-sized business, learning from Twitter may be way down your list of ways to manage and improve your business.  But, take note as there are several key take-aways from their actions this week.  In case you missed it, Twitter was prominent in the news with four top executives leaving the company and as covered by many publications including, The Wall Street Journal article,  it was announced by Twitter’s CEO Jack Dorsey that he hired its first CMO (Chief Marketing Officer).

So what can you learn from Twitter?

  1. Don’t wait for a ‘growth rut’ as Twitter did before securing the marketing talent and leadership needed to fuel your business.
  2. Make sure marketing has a seat at your leadership table. This is Twitter’s first Chief Marketing Officer! Until now, senior marketers at Twitter as described in the WSJ article, bounced around like a ping-pong ball reporting through various other departments including Finance (yikes).   The new CMO of Twitter, Leslie Berland, formerly with American Express, reports directly to the CEO.  As she should.
  3. Marketing is a critical function for any business. It is not a function that you only need when you are a certain size. It is not something you can assign (like a task or project) to another person and hope they can acquire the expertise and skill.  It never ceases to amaze me how many businesses punt when it comes to marketing. Reminds me of the recent Allstate Mayhem DIY ads.  If awareness, credibility, and lead generation are part of your goals, you need marketing expertise.  You may not need a CMO, but you need marketing expertise. Your company may not need a full-time team or even a full-time hire. Rent expertise via an agency model or maybe a combination of both makes sense. Twitter realized they needed senior leadership in the marketing function. Evaluate what you need and make the right investment in talent to reach your goals.
  4. Take action. Stop thinking about it. Put a plan in place and act. Twitter has many holes in its organization right now, but they filled a key one. 11 months left in 2016. What are you waiting for?

You may not have any time in your busy day for Twitter as a CEO of a small to mid-sized company. Can’t imagine how Twitter’s CEO Jack Dorsey manages his day given he also is CEO of Square.

Hey Mother Nature – take this!

March 8, 2015

Mother Nature made her impact.  This is a winter many of us won’t soon forget:  record-breaking cold; record-breaking snow; roof collapses; the MBTA and commuter rail service in Boston struggling to operate. Roads in Southie changed to one-way streets due to the massive snow piles limiting the space for two cars to pass. Let’s face it, Mother Nature has been on a rampage.

Mother Nature making an impactThis winter has had a broad effect on the economy.  Your business may be down because of Mother Nature.  Auto sales were way off in February.  Restaurants have been hit hard due to so many weekend storms and cancelled reservations.  I met with an insurance sales guy last week and he indicated business was down due to so many snow days that made booking and keeping appointments a challenge.

So what do you do as a business owner?

 

How can your business fight back?

Focus.  Plan.  Execute.

The recommendation is not new.  It’s very simple.  Simple to state, but not easy to do.

When we get beat up and business may be down, it may be tempting to get distracted with any new shiny object and get off track.  Don’t!  The key is to get back to basics.  Focus on what’s most important for your business and put together a phased, logical plan and then execute.  This is what any good marketing department or marketing agency should be doing for you.  But, if you are not investing regularly in marketing and instead treating it as a project, that is where you need to make a change.  You are wasting time and money with limited impact.

What should impact look like?

Monthly measurable results.  Just like we measure wind chill and snowfall amounts, measure the impact of your marketing efforts.  If you are not getting detailed, metric-laden marketing reports, you need to evaluate the value you are getting.

Some examples of the impact reported to For Marketing Matters clients in their February Impact reports (return on marketing investment):

Brand:

– New logo with tagline completed for a client; branding standards established; email signatures created for all employees

– New designs and messaging materials developed

Awareness:

– Online reputation management; response to positive and negative postings

– Social media posts, growth, reach

– # blogs written and exposure/reach achieved via these posts

Credibility:

– Customer success stories written and communicated to prospects/clients

– Speaking opportunities secured; award submissions

– # press releases distributed and coverage secured

Leads:

– Total Leads and leads by lead source as compared to target leads needed (client has monthly leads exceeding target so leads are not an issue; converting leads is the issue); # web leads including if prospect has budget approved with majority of leads having urgency of less than 30 days to act. (does your sales team get leads that give you this level of information?)

– New sales tool kit materials completed and available for sales team to use (including this month internal FAQs to help sales consistently and completely respond to questions; two new sets of PowerPoint slides addressing industry standard and opportunity for prospect to earn LEED credits)

– Ideal Target Profiles completed and distributed to sales to enhance targeting and shorten sales cycle

– Detailed website analysis; new web content developed and stats including SEO results and ratings

– Detailed email marketing results with lead reports for sales to act on

 

The above is an overview of the type of impact that we make in a month.  Impact is client-specific, but normally falls into the above categories.    Whatever your priorities, your marketing department or agency should be managing, measuring and reviewing IMPACT with you monthly.  Not activity, but impact. It is important to make that distinction so you as CEO are not wow’d by  activity.  To quote, Joe Friday from Dragnet, “Just the facts ma’am. Just the facts.”

Marketing is an investment and like any investment you should expect a return. If you are looking to fight back and make an impact, start with assess what marketing is doing for you. If your business priorities involve increasing awareness, gaining credibility and building leads then the marketing function plays a critical role. If you are not seeing the monthly impact from your current marketing investment, take a good hard look at what you are doing and who is doing the work.

Don’t let Mother Nature be the only one making measurable impact.

 

Failing to plan is…

November 25, 2014

You know the quote:  Failing to plan is planning to fail. Benjamin Franklin.

So how is 2015 planning progressing for your business?  And, specifically, how is the marketing plan coming?

Plan Word Shows Guidance Or Business Planning

 

Next Monday is December 1st!

So here are some recommendations to help you get started on documenting the strategy for 2015, defining the business goals and then developing the marketing plan to get you on the right path for a great 2015.

Note this will be tougher if you have NEVER had a marketing plan.  If you had a marketing plan in place for 2014, then leverage that as your starting point.

 

Below are 8 steps to get started on a useful plan:

1. Define and document your strategic objectives.  What are the top 1-3 things you MUST accomplish next year? (Not tactics.  Strategic objectives.)

2. Identify the resources needed to achieve these objectives.  (people, money, processes, partners, new clients).  Keeping at a high level, what is it going to take to get you where you want to be?

3. How will success be measured?  If possible, identify intermediate metrics for success along the way and then ultimate success metrics. (revenue, # new clients, margin, # of new square footage operational in the new facility, etc.)

note:  with key business goals defined, then the marketing plan can start taking shape…

4. Define the fundamental focus of the marketing effort.  In other words, is the focus increasing awareness, generating leads and acquiring new clients?  Perhaps retaining existing clients and acquiring new clients to support your growth strategy?  Are you introducing a new product line that marketing will be critical in announcing and bringing to market?  Clearly define the priority and the marketing strategy  that will support the above business objectives.

5. The marketing plan needs to be developed within a budget.  Any increase from this year?  Know what range you are working with to avoid the frustrations of building a masterpiece only to learn your masterpiece has to be re-done to fit the approved budget.  Document the assumptions and as details are developed, code each.  Suggested coding would be critical (critical strategically), important (fundamental work that needs to happen) and nice to have (not essential, but would be beneficial).  With this coding, if budget money becomes available during the year, you know where the money will be funneled vs. late nights preparing for a board meeting figuring out how to build your compelling story of why marketing should get a slice of the pie!

6. With a defined marketing strategy and a budget, phase the marketing plan.  We start with defining the marketing priorities by quarter – then breaking that down into months.  This keeps you aligned with the overall business objectives and enables you and your team to not lose the forest through the trees.  Stay strategic.

7. Revisit the marketing foundation.  As part of the marketing plan, there are ongoing foundational elements that require ongoing marketing work.  The Dream list is never done.  What capabilities or services lack the support of compelling client solution briefs and testimonials?  Make sure your plan does not lose focus on efforts to strengthen the marketing foundation in the new year.  Weave this work into the marketing plan.

8. Summarize the marketing plan on one page.  If the executive summary is clear and solid, the detailed plan will be that much better.  Just like an elevator pitch can be the most challenging part of messaging work given its brevity, the same is true for a one page summary.  It forces us to clearly and concisely present the plan that is then detailed across many pages.

It’s getting late in November.  If your fiscal year is a calendar year, you need to get going to be set up for success come January 2.  If you are running a business without a business plan and without a marketing plan, maybe it’s time to think about your New Year’s Resolution now.  After all, as Peter Drucker says:  “What gets measured, gets managed.”

A solid plan is a great way to get ready for 2015.  No time like the present to get started.

Know when to walk away, know when to run!

November 14, 2014

I am not one to quote Kenny Rogers frequently, but boy does this line capture it for me.  Not all business is good business.  Not all revenue is worth it.  We all learn the hard way and with hindsight being 20/20, we commonly look back and think – should have walked away.  So what does this have to do with marketing?

Everything!

A solid business has to start with a solid foundation.  For Marketing Matters has 13 essential elements to be on solid ground and the first two are:

#1.  Define your value proposition.

#2.  Develop your target profile.

If you have completed #2 and I mean documented as clearly as you can EXACTLY who you want to be selling to and working with, then you are in MUCH better shape to assess prospects and decide whether the opportunity is a good match for you and your business.  Congratulations if you have this in place.  Most small and medium-sized businesses skip this step.  Responses include:  Oh, we know that.  Sure, we have done that…. so, I ask them for a copy.  Uh, Oh, it is in our heads.  We don’t have to write it down.

I have a documented target profile and I ignored it.  I was introduced to a business owner, referred by another business owner that I have a lot of respect for and admire.  As a potential source for referrals, I wanted to help his client out and show what FMM can do.

As a marketer, I ignored my target profile, my notes from my initial meeting and my gut. Complete idiot. This business owner did not fit my profile at all.  He is a classic dabbler:  not interested in strategy, just marketing tactics.  His priority was getting an email blast out the door.  He was looking for a silver bullet and I took the bait.  I should have RUN.

Of course, the project (note to self – my business model is NOT to engage in projects, but to earn serving as the outsourced marketing department) had a tight timeframe and details were sketchy.  Again, RUN.  Just this once I will deviate from my core business strategy.  I was referred and I want to deliver.  I left the initial meeting with such clarity of how we could help his business have a clearer, stronger go-to-market plan.  So, I respond with “Sure, we can start with a project.”  In my mind I would still develop some of the core marketing foundational work that he really needed as part of the project and, of course, he will see the benefit.  In my mind, I will help him and it will be all ok.  Doh!  So not true.

To avoid reliving a nightmare of a project, this blog is focused on how you can learn from my stupidity.

Document your target audience.  Don’t skip this step.  This is NOT simply a title and industry.  Dig into the details of what are they like, what is important to you about this company and this individual. My ideal client is MARK.  Not because he is a man, but because he or she wants to make a Mark in this world – they are passionate about what they do and they invest in their business.  They are not dabblers.  They are not do-it-yourselfers.  They are smart, passionate, focused, driven and committed to growing their business.  To do so, they surround themselves with professionals to have the expertise and insight that they need and value.  They are optimists (working with pessimists is a drag for me). They know what they don’t know and they are not nickel and dimers.  I am their partner, not a vendor. They get ‘it’ and they appreciate accountability, hard work, insight and they value results.  They value having a plan to stay on course, but are open to evaluating what is working and what is not.

Once you have this type of target profile clearly defined, convert it into questions to evaluate prospective clients!  Once you have the profile and the associated questions to evaluate prospects, use it.  Be consistent.  I ignored my notes.  Not because I wanted to work with the business owner and his business, but because I wanted to deliver on the referral.  Stupid.

Then leverage your written target profile to help you and others in your company consistently and clearly evaluate prospective business.  Not all business is good business.  Not all revenue is worth it.  Not only will it help you RUN AWAY from potential clients that are not a good fit, it will help you scale your business to have more business development folks evaluating potential business in the same way. Make it part of your sales process.

If you don’t have a target profile developed, get this done.  In the meantime go with your gut.  I know a great marketing company that can help you grow…but you’ll have to fit the ideal target profile!

 

Hey marketers! Stay in the race to prioritize the leads you are generating!

September 26, 2014

The hand-off in a relay is a critical point in the race.  Valuable time can be lost if the baton hand-off is not precise or even worse, the race can be lost if the baton is dropped.

Baton handoff

 

 

 

 

 

 

 

The hand-off of leads from marketing to sales is like the relay race hand-off.  Not only can time be lost, but revenue can be lost.

Ways marketing can help with the hand-off of leads to help sales and sales management (while also helping marketing in its efforts):

1.   Gather information to help qualify the lead.  For example, with a web form, design the submittal form to gather important information that will help ‘qualify’ the lead.  Work with sales to identify desired fields and then balance what is reasonable to ask while keeping the form short.  Example:  For a B to B client, we designed the web form to enable the individual to indicate if budget is approved, timeframe a decision will be made (having pre-defined timeframes set) and enabling files to be attached to the lead to provide further specifications.  Forms can be designed to test layout and number of fields required and option to determine what will work best for your industry.

Know your audience (marketing 101) – give your prospect flexibility; while for one client we would like to gather phone and email, the reality is our target audience is more likely to prefer email over phone.  Knowing that, we do not require a phone number at the risk of receiving no leads vs. leads with less information than is ideal.

Benefit to sales: marketing is handing off leads that have quality indicators that assist them in further qualifying the lead:  budget approved (yes or no), timeframe of need, specification files attached.  Level of detail in the form submitted assist sales in acting on this lead quickly with a focused list of questions.

2. Too many batons…Any other marketers out there frustrated that leads generated are not being followed up on?  Uggh!

Years ago when initially getting started with a particular client, the client acknowledged they lacked leads.  There was NO inbound activity.  The company was solely reliant on its existing customer base with little to no new business being generated.  The sales function was largely an order taking function.  Fast forward, we get the marketing foundation in place, start executing an integrated marketing plan and the tables turn.  Leads are coming in the door and guess what?  Sales is now having a tough time prioritizing and keeping up!  Now leads are not being followed up on and sales is complaining that the volume of inbound leads is too much.

How can marketing help with this challenge?  Stay in the race after handing off the baton.  What I mean by this is, marketing run alongside sales as they work the leads to learn more about what is happening to the leads.  Gather the facts (not hearsay) as to how leads are being assigned, what leads are not good and why, and help contribute to solutions vs. walking away and categorizing the issue as a sales problem.  Gathering facts will help you determine if there is an opportunity to refine the lead generation activities and reduce overall volume while maintaining or improving overall quality.  Running alongside sales will also shed insight into raising the important issue of leads not being worked at all.  As part of the relay team, do your leg of the race well and then support your team members in getting to the finish line strong.

3. Offer insight into Prioritizing Leads

Not all leads are created equal.

Many would argue that prioritizing leads is squarely in the court of sales management and not marketing.  I would agree, except For Marketing Matters’ clients are small and mid-sized businesses.  Organizational structure and responsibilities are not always as defined as we have seen in our corporate experiences.  So while staying in our lane, marketers can provide great insight into working with sales to help prioritize leads.  Specifically, marketing as keeper of the brand has developed the ideal target profile, is aware of and well-versed in entry-level products/services and those that help build a loyal and committed customer.  Marketing offers great insight into what should affect prioritizing a lead.

If there are not parameters in place for prioritizing leads and you as the marketing team are generating leads, develop a straw man to work with sales management to finalize and agree to.  If sales is not working all leads or loses sight of past leads that were important, but are no longer on the radar screen, get a simple yet clear prioritization process in place.  This helps get some leads to  “NO” quicker and helps sales and sales management clearly understand what leads deserve attention and what ones take a backseat.  Not all leads are created equal.  Don’t allocate time equally across leads.

How to get started:  Use a simple prioritization indicator such as A, B, C, D or use 4 star, 3 start, 2 star and 1 star or 1,2,3 or 4.

If prioritizing is an issue and sales is losing sight of where to spend their time, marketing can get this prioritization underway, agreed to and incorporated into pipeline reporting.  This helps marketing show the quality of leads that they are generating and it helps sales learn how to allocate their time and sales management can mange the pipeline and coach to this prioritization.  With an agreed to prioritization, you can also address head with facts the quality of the leads being generated by marketing and by sales as all leads should be prioritized in the same manner no matter the source.

 

The revenue generating engine in any company includes marketing and sales.  Instead of throwing leads over the fence, handoff the leads and then stay in the race to monitor, learn, and refine.  Marketers should be an active participant in generating revenue.  Then when the baton comes back to marketing for lead generation, you are in better shape to run your leg well and greatly contribute to overall success.

This is not a good sign

March 23, 2014
The importance of alignment

The importance of alignment

Is this an accurate image of how your marketing and sales groups operate? Each headed in their own direction? If so, you as the CEO have a fundamental problem and it is not just an internal issue.

Alignment is required. I use this term “alignment” consistently when working with my clients. For all of my clients a marketing plan is in place. As we make measurable progress building awareness and generating leads, the client conversation naturally leads to the importance of alignment with sales. What specifically do I mean by alignment? Visually it would mean moving the sales sign in the above image so it is right under marketing and headed in the same direction. The direction is defined by the company strategy and priorities.

1. Why under marketing? Simply, marketing builds the top of the funnel through its efforts focused on building the brand awareness, generating leads for sales to then nurture and close. Sales leverages the marketing message to retain clients, expand business and handle leads from marketing to convert to clients.
2. Why in the same direction? Honestly, this seems like it should be obvious. Do you want marketing focused on acquiring new clients through lead generation efforts yet sales is only focused on expanding existing clients so there is no appetite or bandwidth to work the leads that marketing is bringing in? The two groups need to be aligned to the priorities of your company. I have clients that struggle with the ‘alignment’ word. Some clients prefer ‘partnership’, but to have a partnership you first need to be aligned.

Alignment is key. Alignment between marketing and sales MUST include the following:
Strategy. Make sure you have alignment at the strategic level. In other words, if your growth strategy for 2014 is based on acquiring new clients while retaining existing and expanding within existing, there is a direct implication to the role that marketing will play to reach BOTH existing clients and new and that naturally affects the sales organization and how it develops its sales plan for the year.
Goals. The goals for both marketing and sales need to support the strategy. These should be measurable and tracked consistently for both groups.
Incentives. Many companies only have a sales incentive plan. Why don’t you have an upside for marketing that is ‘aligned’ with the behavior you need that is also then aligned with sales? Make sure you are not equating aligned with the incentives being the same! Marketing should have incentives tied to the top of the funnel while sales should have incentives tied to the middle and bottom of the funnel.
Priorities. As CEO are you confident that the quarterly and monthly priorities within marketing and sales are in alignment? Are they pulling in the same direction or working against themselves?

The reality is that all your functions need to be aligned, working like a well-oiled machine. I am focused on marketing and sales because there is SO MUCH opportunity for companies to grow by getting these signs aligned and headed in the same direction. The upside is HUGE.

How will you as a CEO or President get the signs headed in the same direction starting in Q2?</strong>

At the risk of thinking about this as an organizational exercise, keep in mind the real negative impact of having these two groups not in sync is felt by your clients and prospects. They are the ones getting mixed messages. That should be enough reason to work on this intersection and make it a priority.

Giving Back with Passion

June 5, 2013

As a marketer, I get attached to ideas and to marketing efforts that I am passionate about and that fit so well with a client’s strategy. At the end of May, a program that For Marketing Matters was instrumental in designing, creating, bringing to market and managing concluded. It is with pride and sadness when such a program comes to an end. The program is the Jaffarian GAME ON program. I named it and nurtured it since its launch in the beginning of the school year in 2011. I am proud to have been part of it. Kudos to Gary Jaffarian for his commitment to youth and his passionate belief in the importance of keeping students involved in high school athletics. Jaffarian Volvo Toyota donated $52,550 to local high school athletic programs and booster organizations to reduce user fees, save unfunded sports and buy new equipment and uniforms. Wow! $52,000 is a lot of money and Jaffarian’s commitment to giving back is commendable and part of a long legacy for this family.
Charitable giving should come from passion. It then becomes so much more. Game On!

Jaffarian GAME ON

Jaffarian GAME ON