Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Friday, July 29, 2011

Facebook Makes It Easier to Build Your Page (But You Still Need a Strategy)

Score one for Facebook in its ongoing battle with Google, with the latest round focused on bringing businesses into the social networking fold.

This week, Zuckerberg et al. unveiled a tidy new how-to guide for businesses to create their own pages. Meanwhile, Google remains wishy-washy on how to integrate businesses into its new Google + network.

At first glance, Facebook for Business appears to be a helpful, straightforward resource (CNET’s take here). However, the site mostly covers the mechanics of setting up your page and maximizing its functionality.

To gain the biggest advantage with your Facebook presence, you still need clear objectives and a solid strategy to match.

So as you try out Facebook’s new guide, why not refer back to these key considerations for your company Facebook page.

Friday, January 22, 2010

Who Cares If Domino’s Pizza Is Any Good?

I wouldn’t normally put “Domino’s Pizza” and “bold” in the same sentence.

But now there’s this ad campaign hyping the pizza chain’s supposedly bold new taste.

Haven’t tried the overhauled pie yet, so I can’t comment on that. But the ads? Most certainly bold and unorthodox.

Instead of focusing on the company’s reformulated pizza, the spots surprise by dwelling on blunt customer criticisms of the previous product—“cardboard” crust, “ketchup” sauce, etc.

By breaking the unwritten “don’t admit you stink” rule, the campaign is getting a lot of attention. It may or may not surprise you that creator of this saucy campaign is Crispin, Porter & Bogusky, an agency famous/infamous for jarring and at times annoying advertising.

So, certainly, the spots have some stopping power. And they’ve got some integrated online goodness, too. Pizza Turnaround does a nice job reinforcing the company’s earnestness toward improving their product by posting tweats about the new pizza—and not filtering out the critics. It’s all very effective and memorable.

But wait a second here. Quick: What do you think of when you think Domino’s?

If you’re like me, you think “quick delivery.” That, after all, has long been the strength of the brand. And Domino’s seemed to be doing pretty well with that reputation, regardless of what people thought about the taste.

So why mess with a good brand? That shift in focus, not the admission of past failures, may be the real risk of an otherwise impressive campaign.

Friday, November 13, 2009

Key Considerations for Your Company Facebook Page

Should your business be on facebook?

Yes. With more than 300 million users across all demographics, you shouldn’t ignore this channel.

However, what you do with your facebook page is a different matter. Many companies may be unsure how to proceed in this huge but still evolving arena.

Maybe start by consulting this helpful primer on facebook pages for small businesses in The New York Times (sign-in required). There are some good links to other resources there, so by all means, read the article when you have time (away from facebook).

In the meantime, some key takeaways:

  • Start with strategy. Yes, you should be on facebook. No, you should not be aimlessly wasting time. However, there’s a learning curve involved. So identify objectives, and start experimenting now with ways to achieve them.
  • Show, don’t sell. People use facebook to interact, not to buy things. They’re interested in the personality of your business, so give them that experience on your page—not a bunch of pushy hype.
  • Stay up to date. Regular doses of current and relevant news, events and commentary keep visitors returning.
  • Don’t expect too much. Since facebook is about relationships, and relationships take time to develop, maintaining a great page won’t do your salespeople’s job for them.

Friday, October 16, 2009

The French, and Other Snags in Your Global Marketing Efforts

Oh, those French. So proud, so self-serious. They can’t let a fun and fitting new term like cloud computing just be.

They have to come up with their own, uniquely French name for it. The Wall Street Journal takes a quizzical look at this process as it’s carried out by France's General Commission of Terminology and Neology.

The article is worth a read as a caution for all current and aspiring global marketers out there about the many pitfalls of communicating in overseas markets.

The French may be more forceful in their defiance of “outsider” words. But they’re hardly the only ones. Truth is, every culture is quick to dismiss anything that doesn’t sound native. They won’t look too kindly on your brand if you don’t blend in.

Google translator won’t cut it. A decent translation service won’t necessarily, either. After all, you have to do more than just speak the language; you have to work to become part of the culture, to understand and respond to what customers care about and the way they think in each market.

Chances are you can’t accomplish it with your own resources alone (unless you’re, say, Coca-Cola). More likely, you’ll get through to your audiences overseas by leveraging strategic partnerships with firms in those markets. They become the keepers of your brand in far-flung places. Who knows, you might even work with them by using cloud computing.

Friday, September 25, 2009

On Elevating Yourself from the Low-Price Fray

Good column over at btobonline: Can low price be beat in today’s b-to-b markets?

It’s been a key question for years, but the current marketplace has made the low-price issue even more urgent.

What to do? We like columnist Kay Plantes’ suggestion that B2B companies refocus on their business model strategy.

That’s exactly what some of the midmarket manufacturers we work with have done. Price is a huge issue in this segment, and the recession has certainly made it difficult to avoid getting sucked into self-destructive pricing wars.

But our clients have been fighting back. They’ve taken a close look at what they do that customers value the most, and they’re actively adjusting their business models accordingly, by zeroing in on a niche or approaching customers with more robust offers.

So you can start there. The key then is to follow through on the new business model by linking it directly to marketing strategy and execution you need to achieve your goals. Don’t drop the ball. You’ve got to take that strategic focus, articulate it clearly and run with it, making it the backbone of all communications and interactions you have with current and prospective customers.

The result should be less emphasis on products and prices, and greater emphasis on the unique value your organization provides to customers through your refined business model strategy.

This is what’s meant by “strategic marketing communications.” It’s based on your goals, it’s well grounded and it really gets you somewhere—out of the low-price game.

Wednesday, August 26, 2009

Another One of Those Incremental Improvements That Keep Google Ahead

Here’s something that shouldn’t surprise you: Google just keeps getting smarter.

Last week, the Internet frontrunner announced changes that will enhance its contextual targeting capabilities.

Contextual ads show up on pages of Google publishing partners. These AdSense ads are supposed to be relevant to various keywords on a given page. (Say you load a story about increasing new home construction. You’re likely to see an ad from a homebuilder.) When it works, it’s your typical, intuitive, don’t-even-realize-it’s-happening Google experience.

Trouble is, sometimes Google’s contextual targeting hasn’t worked quite right. Like when an ad for cheap airline tickets shows up on a page about a plane crash. Here’s an amusing slideshow of some of the most egregious examples of contextual targeting mishaps.

The changes Google announced this week should cut down on these embarrassing exceptions—once again keeping Google ahead of the pack in terms of creating an ever smoother, more customized Internet that works better for advertisers and users alike.

That’s not only good news for you if you’re an advertiser. It’s also a good example. The lesson? Never stop improving. The folks at Google never do, and that’s one of the ways they maintain a competitive edge.

Friday, January 16, 2009

Resolve to Join the Conversation Online

We’re all trying to grow business without spending too much money. Good thing we have the Internet. Because online, there are all kinds of low-cost opportunities to reach more prospective customers and engage them like never before.

In this unkind economy, you owe it to the future of your company to explore how social networks, blogs, wikis and the like might fit in with your business objectives.

But for most businesses, especially in the B2B realm, Web 2.0 is uncharted territory. So, to get started, the Wall Street Journal has a helpful primer, The Secrets of Marketing in a Web 2.0 World. The piece contains insights and advice from experienced web marketing types.

One key takeaway happens to be one of the most difficult aspects to grasp about the online environment: that the online community directs the conversation. You can’t force the flow, but you can interact with more people and in more ways than ever.

That’s why the WSJ article’s final pointer is also probably the most important: Embrace experimentation. Don’t be afraid to try things out. But along the way, keep analyzing whether the results you’re achieving support your overall strategy.

Monday, November 10, 2008

Don’t wait around for your own bailout

After a long slog of an election cycle, we at last have a new president-elect of the United States. The campaign is behind us, but one huge factor in the outcome will be with us for some time: the current gloomy economic climate.

Late last week, as Barack Obama met with economic advisors to consider the crisis, we got more bad news—this time about rising unemployment and the failing American auto industry.

So, not good, obviously. And it makes sense for Obama’s team to start tackling these issues right away. However, something we’ve said before on this blog bears repeating right now: Don’t leave your company’s future to actions or assistance from Washington.

Rather, survival and success depend on your company’s will, vision and ability to compete. There’s never been a more critical time to carefully examine what you do that customers value and how you can most efficiently provide it. Then, of course, do everything you can to convince people to buy your products and services. In other words, focus not only your operations, but also sales and marketing efforts.

Regardless of what the new national leadership does, it’s your leadership that will determine the future of your company.

Tuesday, October 7, 2008

Expanding Your Reach through Strategic Alliances

Is it better to have actual facilities in far-flung places, or just friends there?

For many companies, there’s no debate. Owning bricks and mortar in foreign lands just isn’t feasible. That’s probably never been truer than in this tenuous economy and tight credit market. Nevertheless, for more and more businesses, having a global presence is still essential.

The good news is that there’s a way to expand your reach without taking huge risks in terms of capital and credit: through well-crafted strategic alliances. That’s what many of our international clients have done. And it’s what we’re doing, too.

Last week, I attended the annual conference (in Boston, Mass.) of IPREX, one of the world’s largest networks of independent public relations agencies. IPREX puts us in a valuable partnership with reliable, accountable PR teams on the ground all over the world. So we have immediate access to cultural knowledge and communications expertise—whenever and wherever our international clients are doing business.

We not only support each other’s communications programs. We stretch our thinking, we provide each other access to both geographic and market-specific competencies, and we share best practices with a diverse group of professionals. It’s a far cry from the “not invented here” mentality or partisan politics that too often put individual success and the greater good at odds.

So perhaps it’s time to think differently about your competitors. Beneath the surface, you might just find a strategic ally and a company whose market and niche expertise may actually complement yours.

In an increasingly sophisticated, volatile and interconnected global marketplace, you might say that’s the best of one world.

Friday, September 5, 2008

McCain vs. Obama: 3 Lessons in Online Marketing

It’s shaping up to be a fascinating home stretch in this U.S. presidential election cycle. More interesting to us as BtoB marketers, however, is how the candidates are using online technology to share their message.

Some obvious contrasts:

Barack Obama’s campaign has long been recognized for taking advantage of web 2.0 interactive capabilities, including customizable my.barackobama.com home pages for supporters. That’s two-way communication, a conversation with the audience.

John McCain’s approach has been more traditional, using the web as a broadcast medium and airing the latest campaign commercial on the home page. That’s one-way communication, talking to the audience.

But the biggest difference is probably that Obama appears to have a more comprehensive, integrated online strategy. For example, the initial announcement of his VP running mate pick via text message.

These are generalizations, and the McCain team has been catching up in many ways. That’s what’s so great about online: you can keep improving as you go along.

So, without further ado, three lessons for marketers from observing the candidates online:

Exploit interactivity. The web is ideal for reaching more targets than ever—and understanding what they’re thinking. So seek every opportunity to engage your audiences. Calls to action, polls, comments threads are perfect ways to start the conversation.

Pursue an integrated strategy. The most advanced, innovative uses of online technologies aren’t worth much if they aren’t means to an end.

Continuously improve. Your website, like the technologies that support it, can and should constantly evolve. Shouldn’t be a problem, because the marketplace is always changing, so you should already be in a continuous improvement frame of mind. Simply extend this mindset to the web.

Thursday, August 21, 2008

Li Ning Marketing Coup: Classic Brains over Brawn

Via the Olympics, here’s a great case study into how a company with a much smaller marketing budget can upstage a rival.

Li Ning, a former Olympic medalist who owns the sportswear company that bears his name, did so to Adidas in the opening ceremonies last week in Beijing. Maybe you saw it: Li was the guy who “ran” around the top edge of the stadium and lit the torch.

Some are calling it the ultimate ambush marketing. Adidas paid the big money to be the sole sportswear sponsor, and then Li snuck in and grabbed the spotlight basically for free.

The prospect of taking on competitors the world over can seem pretty overwhelming for smaller to midsize companies. You have to work hard to be more creative. More consistent. More cost-effective. More with less.

But the Li story just goes to show that, even if you don’t have the marketing muscle of the competition, brains can beat brawn on the world stage.

Wednesday, June 18, 2008

Sustainability Efforts Must Come before Marketing Hype

The current issue of Advertising Age has an interesting feature about the rise of sustainability officers and their relationship to marketing.

“So goes the evolving dance between sustainability and marketing, as chief sustainability officers become as prevalent as chief marketing officers in Fortune 500 companies. Although more marketers are striving to act and look green, their sustainability officers seldom come up from the marketing side.”

And why don’t they come from the marketing side? Because the more successful eco-friendly efforts start from the grass roots. They fully integrate the spirit of sustainability into the rest of a business.

To illustrate this point, the AdAge piece goes on to highlight the sustainability initiatives of Wal-Mart, Procter & Gamble and other big players. These companies don’t have massive “sustainability departments,” just leaders in charge of making things greener across their companies.

If your organization isn’t big enough to justify hiring a sustainability officer, a commitment to sustainability can still be carried through. But either way, green should not be a figment of marketing imagination.

That’s especially true for companies taking environmentally focused products to market (like several of our clients). As we pointed out back around Earth Day, the marketplace of green claims is getting pretty noisy. Audiences are starting to tune it all out. So if you’re selling green, you have to walk that talk.

Besides, there may be an even better reason for going greener throughout your company. Potential business benefits such as increased energy efficiency will likely have a far more positive impact on the Earth and your bottom line than any green marketing claim ever will.

Friday, May 30, 2008

Even CPAs Agree: Marketing Investments Still Make Good Business Sense

CPAs can be very stingy people—even more so when the economic seas are churning, as they are now.

But even some of the most conservative accountants recognize that now isn’t the time to shut down marketing efforts. Here’s an article from a firm called Vrakas/Blum suggesting that this is a critical time to invest in your future through marketing.

Why? For the same reason it’s good to invest in quality stocks when the market is down: The bull will be back, and you’ll be able to take advantage. Right now, while many of your competitors are cutting back on marketing, it’s a great opportunity for you to gain an edge. When the economy picks up again, you’ll be better positioned to pounce on new business.

Now, we don’t recommend throwing more money around indiscriminately (although we’d sure benefit from that, if you insist). You should invest as wisely as possible. The Vrakas/Blum article offers four tips to approach marketing in a tough economy. (Never mind that the author actually promises six suggestions.)

For further reading, you can review a similarly helpful post we offered back in February with five tips on marketing during the downturn.

Tuesday, May 13, 2008

Ramp up Your Customer Retention Efforts

Is customer service dead? You’d better hope not.

Customer service is, of course, the key to satisfied customers. Scratch that—not just satisfied, but loyal customers.

Even in bullish economic times, customer retention costs a lot less than customer acquisition. And in the current iffy economy, retention is even more important.

But many B2B marketers remain more focused on attracting new customers, according to a new report.

The Chief Marketing Officer Council’s study, highlighted in BtoB Magazine, found that only one-third of global marketers have strategies in place to win back dormant or lost customers, and only half have strategies to further profit from key account relationships.

That’s too bad, because a host of new media and technologies offer us all kinds of fresh opportunities to understand, inform and interact with customers. For example, Scheibel Halaska works with several clients on email newsletters aimed at keeping customers in the loop.

Current customers, after all, are your most crucial target audience. Sure, you’ve got to be out there selling. But it’s a whole lot easier to sell to the folks who are already sold on your company.

Monday, April 14, 2008

Who Cares What the Competition’s Doing?

You shouldn’t—or not much, anyway.

Last week, we touched on business strategies and hedgehogs and such. To follow up, here’s a column from BtoB magazine that’s a window on the strategies of leading companies.

Author Wes Ball gives us a snapshot of what his firm’s research uncovered about “alpha companies,” as he calls them.

Here’s the big idea:
Nonalpha thinking: Focus on staying ahead of competition.

Alpha thinking: Focus on what your b-to-b customers want to buy.
Of course, it’s important to keep an eye on what other companies in your market are doing and saying—but maybe only to make sure you aren’t doing and saying the same things.

After all, what’s good for another company isn’t necessarily good for yours. Instead, what’s best for your company is whatever you do best—and that customers value.

In the B2B game, your customers’ success drives your success. So we counsel our clients to pursue a customer-centered strategy, and make that the foundation of everything they communicate.

In other words, move the way alpha companies do. They don’t get mired in keeping up with the competition; they’re too busy focusing on their customers’ needs. So take a page from their playbook: Stay out of the “me, too” fray, and you’ll stay ahead of the competition.

Saturday, March 15, 2008

Why ROI isn’t everything (but it still matters a lot)

In an interesting take on the current obsession with ROI in marketing, blogger Justin Cooper laments that the phrase “ROI” was the top marketing buzz phrase of 2007:

For a marketing executive to say "This sounds great, but what's the ROI?" demonstrates that they are missing the point. The person that asks this question is caught up in the evaluation of their tactics and not thinking about the content of their customer's experience. It's like focusing on the buttons of the phone, rather than the conversation.

Now, for us marketers, this is a hairy argument—especially in B2B, and especially especially in uncertain economic times. Clients pay for our services, so we need ways we can demonstrate the impact of what we do. We even recommended using ROI-measurable tactics in a recent post.

But true marketing ROI can’t be determined by the handy numbers you can claim from an assortment of tactics. It’s got to be part of a larger strategy aimed at meeting big-picture goals like entering new markets, gaining market share, etc.

As Cooper points out, customers must be involved in shaping that strategy. They’re the ones whose interests will make or break your company’s success. So ask yourself: Are your customers full collaborators in your marketing conversation? If not, you’re just talking at them, not with them. And they probably aren’t listening much.

That’s why, absent a marketing strategy based on what customers actually want, reader impressions or basic response levels don’t count for much. But integrated with a comprehensive strategy to advance business goals, ROI-measurable tactics can still help you understand how well you’re supporting the cause.

Wednesday, February 13, 2008

The Next President Won’t Make You More Competitive

This isn’t a political blog. But with Wisconsin’s presidential primary coming up Feb. 19, plenty of people—b2b types included—are paying some attention to the issues. And the candidates are, for once, paying some attention to us.

So what’s the top issue from the B2B perspective? This editorial from Saturday’s Milwaukee Journal Sentinel is a decent overview of major concerns from across the state, and it just so happens that “Manufacturing and Trade” gets the first nod. “The jobs have been bleeding away for a while, jobs that pay an average annual wage of $46,000, with benefits. The culprit, depending on whom you're talking to, is global economics, new trade deals and our own inflexibility. The solution is to become more competitive. So how will you help us do that?”

Never mind the passage’s pessimistic tone about the state of manufacturing (that’s fodder for another post). Instead, let’s home in on those last two sentences. We agree that the solution to challenges in the manufacturing sector is to become more competitive. But you’d better not wait to find out how the next president is going to assist you.

Instead, you’ve got to look in the mirror. And look closely. What sets your company apart? A market specialization? Advanced engineering? Strong supply chain partnerships? Now more than ever, you’ve got to identify your competitive advantage and communicate it throughout your target markets. By doing so, you’ll exploit your competitive edge for all it’s worth. And it’s worth a lot—certainly more than any presidential candidate can promise, let alone deliver.

Friday, January 25, 2008

5 Ways to Fight Back during the Downturn

We don’t have to tell you that there’s concern about the economy right now—both in Scheibel Halaska’s hometown and across the country.

But maybe we do have to tell you this: Strategic communications are important to the future of your business in both good times and bad.

So if the economy is on a downtown, the vast array of marketing channels makes it easier than ever before to maximize the value of your marketing spending. The current economic uncertainty may be the impetus you need to think and execute creatively.

Without further ado, here are five marketing communications tips for 2008:

1. Blend tactics. Don’t be afraid to make marketing investments. But like any smart investor, you should diversify your portfolio—in this case with print and online ads, email marketing, pr, targeted direct mail and more.

2. Try more ROI-measurable programs, such as email campaigns. You can keep a closer eye on the value you’re getting from your hard-to-come-by marketing dollars.

3. Pursue a key customer strategy. Focus on your best, most profitable accounts—because when the economy is slow, the strength of your relationships will determine your success. In addition, profile your most successful customers and use that to build your prospect database.

4. Emphasize PR. If there isn’t enough room to do as much advertising as you’d like, public relations is a way to get your message out more efficiently. Plus, you can turn every media win into a winning streak by sharing the coverage in other vehicles, such as your website, email marketing and more.

5. Plant seeds for ‘09 and beyond. Potential clients may balk at spending at the moment, but start the conversation now with targeted direct marketing to build leads for the future. Use marketing rather than feet on the street to more cost efficiently stay in front of your targets.

Wednesday, October 31, 2007

The NFL Goes Global

This past Sunday (October 28), the NFL played its first regular season game outside of North America in London, England at Wembley Stadium. The game sold out in just a few hours to fill the 90,000 seats, and in the span of only three days, they had a half million ticket requests. Props go out to the NFL for this wildly successful move and one that’s sure to build a stronger global brand. And they did it the right way, by actually going global to do so.

Many of our clients are moving toward, or have already embraced, globalization. But it takes more than declaring yourself a global company or having a smattering of international customers. It takes the level of effort shown by the NFL in actually going global, immersing your company or brand in other cultures and letting global customers learn about you and embrace you on their own turf.

Friday, August 17, 2007

To Increase the Power of Your PR, Try Multitasking

Does the following describe your PR plan? Send out a press release, hope someone runs it. If it runs, hope someone reads it.

If so, you’re missing out on numerous opportunities to expand the impact of your good news. In today’s communications arena, a broadening mix of new technology, traditional and non-traditional media and social networking is opening new avenues to reach and engage your target audiences.

One of our manufacturing clients has taken the lead in getting more productivity out of their PR. As part of a strategic initiative to integrate PR coverage into other marketing activities, they’re making their PR coverage multitask as content in a customer e-newsletter campaign, and with great results.

And our client doesn’t stop there. One win begets many more, in a chain reaction of PR productivity. It starts with the initial press coverage—an interview, byline article or news announcement (that’s one communications method). That gets turned around and used in an e-newsletter (that’s two). That e-newsletter is then aligned with the sales force through an e-mail sent out from the VP of sales explaining how to leverage this coverage in their sales efforts (we’re at three now). The newsletter may be posted on the company’s web site (do I hear four?). With a focus on informative, helpful content, the e-newsletter potentially becomes a pass- along, or viral, communications vehicle (that’s five). If done right, the content can even lead to word-of-mouth discussion around the customer’s office (six) and may open the door to future marketing communication uses down the road.

The point is, a PR campaign has great potential beyond the published, aired or posted initial coverage. Technology opens the doors to get more out of your budget dollars, increase brand awareness and further position your company as an expert in your industry.

Next time you see your company’s name in print, online or on the airwaves, don’t just clip it and forget it. Make it multitask for you. Get it out there any way you can for your customers and prospects to absorb.