| 5 things to consider as you plan out this year's growth... | |||||||||||||||||
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Jan 03, 2006 08:58 AM
5 things to consider as you plan out this year's growth...
Here’s what you need to keep in mind while evaluating how marketing
communications can impact your particular growth goals: 1) Your message is money. If your company can articulate a clear and compelling value proposition, across all media (Web, print, TV, radio, new media and human contact) – you are ahead of most of your competition, because most companies struggle with this fundamental corporate issue. To our experience, a full corporate value proposition answers the following questions in the minds of your audiences: Who are you? What do you do? For whom? What are the benefits to your audience? Why are you different from your competition? How does an engagement (pre-/post-sale) work? When is the appropriate time to bring your solution in? And what is the call to action – in other words, what is the next thing that a person must do in order to take the next step in your sales cycle? 2) Your identity matters – for about three seconds. Having a great logo or corporate identity matters. A good one stops people in their tracks for just a second (and over time might be able to build an emotional connection, though usually not in B2B), but then it’s up to the words to do the selling at every point in the remainder of the sales cycle. Think about it this way: It’s six months into a nine-month sales cycle where a $3 million piece of business is being negotiated. Does anyone client-side really care about your logo? 3) The message makes the sale. There are typically six steps to a sales cycle, and the bigger the ticket, the longer the sales cycle usually takes and the more recommenders and champions will weigh in on the decision before the actual decision-maker even sees the proposal. Content drives the sales cycle. Designed correctly, content moves people from being mere Suspects to Prospects – from Prospects to Educated Prospects – from Educated Prospects to Proposal Prospects – and from there to being Clients and Repeat Clients. 4) Your marketing model may be bleeding you dry. If you have parked your entire marketing budget with one company, you are probably paying too much. You’re paying a “full-service” agency or marketing communications firm to do everything, when often the truth is that these companies are subcontracting the work to freelancers and boutique firms, marking up their services and passing the cost on to your company. To make matters worse, many CEOs are paying twice: once for the agency, and once for their marketing directors to manage the relationship with the agency. Another model is to build everything in-house, but the downsides are increased overhead and underutilization. The ideal marketing model is to have a mixture of inside and outsourced marketing resources, led by a solid, experienced internal marketing director or VP – or an outside consultant who can bring to the table and manage all of the marketing role players you’ll need (content, design, search engine optimization, etc.) in a direct cost-of-goods model. Smith Content works collaboratively with design, search engine optimization, and other niche marketing companies – giving clients the power to control their budget, their brand and their return on investment. 5) Marketing is a profit center – not a cost center. If your experiences with marketing have led you to look at marketing as a cost center, rather than a profit center, chances are your company needs our help. |
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