mit enterprise forum of cambridge get smart on marketing
DESCRIPTION
When launching products and services, marketing is critical as it affects sales through lead generation and drives awareness and recognition of the company and solutions among prospects, partners, resellers, and potential employees. Every company entering the market today has competitors, perceived or real. Do you know how to budget for a marketing program? How to prioritize program elements? Identifying which ones can have the greatest impact in the shortest period of time? What role should social marketing play? Attend this interactive “Get Smart” program to learn more about the role marketing can play in launching new products and services. Featured Speakers: Allen Bonde, Chief Marketing Officer, The Pulse Network Barbara Ewen, Principal and Co-Founder, CHEN PRTRANSCRIPT
Get Smart on Marketing
Allen Bonde, CMO, The Pulse Network @abonde
Barbara Ewen, Principal, CHEN PR
2
It All Starts (or Ends) Here
Get Smart on Marketing | Allen Bonde @abonde
3
Goals
Awareness Thought
Leadership Leads!
70% of a consumer’s buying experience is made before a
salesperson gets involved
reach
inform
engage
Get Smart on Marketing | Allen Bonde @abonde
4
Foundation: 4 ‘Ps’
Get Smart on Marketing | Allen Bonde @abonde
Product… Brand
Price… Delivery
Place… Partners
Promotion… Media
5
Building Blocks – 6 ‘Cs’
Competitive Intelligence
Who is out there? What are users buying?
Corporate Communications/PR
What’s our brand/story? How do we tell it?
Content and Inbound Marketing
What do I create/curate? Where do I syndicate?
Lead Generation Campaigns
Can I use Webcasts? What can I offer affiliates?
Community Engagement
How do I drive WOM? Who are influencers?
Media Channels
What is best way to reach my audience? What’s my budget?!
Get Smart on Marketing | Allen Bonde @abonde
6
Focus Your Message
Get Smart on Marketing | Allen Bonde @abonde
• Differentiate your product or service in 30 seconds – What is your product or service
– Who do you sell it to
– Why is it better
• Highlight business benefits for your prospects
• Leverage market trends
• Consider the competition
7
Pick Your Channels
Owned
Earned
Corporate website
Social profiles/blog
E-books, newsletters
Paid SEO, PPC
PR
Speaking
Ads/Sponsorship
Get Smart on Marketing | Allen Bonde @abonde
8
A Word on Content
Get Smart on Marketing | Allen Bonde @abonde
Content = € ¢ ¥ D $ expert curated user generated distribution syndication
9
Content Types
Get Smart on Marketing | Allen Bonde @abonde
Expert / created
Curated
User-generated
Create credibility, trust and sharing
Create engagement + inventory
Create insight + advocates
¥
€
¢
10
Based on What You Sell…
What are you selling?
Consumer – Non Considered Business – Non Considered
Consumer – Considered Business – Considered
Content “Demand”
Get Smart on Marketing | Allen Bonde @abonde
11
…There’s an Optimal Mix
€ ¢ ¥ D Created Curated User-generated
$ Distribution Syndication
No
n-c
on
sid
ere
d
Co
nsi
de
red
LOW
MED
MED
MED
LOW
MED
MED
HIGH
HIGH
LOW
HIGH
MED
LOW
HIGH
MED
HIGH
HIGH
LOW
HIGH
MED
Get Smart on Marketing | Allen Bonde @abonde
12
Priorities (especially for B2B)
Get Smart on Marketing | Allen Bonde @abonde
Know your market
Capture your story
Recruit influencers/affiliates
Embrace content marketing
Ask customers what they like!
13
So…How Much Should You Budget?
Get Smart on Marketing | Allen Bonde @abonde
Basic 2-5%
5-10% Start-up
Percent of Revenues
High-Tech breakdown
Digital marketing: 29.2%
Events: 20.5%
Advertising: 9.9%
Source: IDC
Direct: 6.9%
PR / support / tools: 33.5%
14
Case Study - Offerpop
Get Smart on Marketing | Allen Bonde @abonde
Competitive Intelligence
Corporate Communications/PR
Content and Inbound Marketing
Lead Generation Campaigns
Community Engagement
Media Channels
2011 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
benchmark
Facebook launch company launch
blog
Affiliates
newsletter Twitter
sponsorship
key analyst coverage
Webinars
campaign shortlist email
ROI cookbook maturity model guest posts
Product videos
Tumblr
Wiki
15
Case Study –Storytellers
Get Smart on Marketing | Allen Bonde @abonde
• Storyboarding – Simplify
– Be on the outside looking in
– Know your enemy
• Storybuilding – Aim High
– Connect the Dots
– Content: Multifaceted, Multiuse
• “Storyjacking” – Be Ready
– Be aggressive
– Be yourself
16
Case Study – Storytellers
Get Smart on Marketing | Allen Bonde @abonde
• 3 year relationship began with heavy messaging work and influencer programs
• Increased brand visibility played a significant role in NetWitness acquisition by RSA
• Continued relationship with RSA has altered PR approach to communication and influencer relations.
• 1.5 year relationship focused on proactive thought leadership and rapid response programs
• With only 2 product announcements in that time, Invincea has appeared in nearly 600 syndicated stories globally, with regular featured commentary in mass media and blogs