Wednesday, March 28, 2012

A week in marketing

As a possible topic for a blog I kept note of what happened during one week, day by day working at Technical Marketing Ltd.

Not really a good idea as it turned out, or put another way nothing happened that would be of much interest to anyone else.  Working days planned to accomplish specific tasks but diverted by new instructions, changed briefs, urgent last minute requests and the steady pinging of arriving emails . Thank goodness spam detection is  much better now, so that the stream of offers for fake Rolex watches, impossible medical enhancements and news of untold millions of dollars waiting for me in frozen Nigerian bank accounts, go straight to the junk folder.

What it did reveal is how much time is spent on the detailed implantation of plans on a day to day basis and the challenges of actually completing a project in one session compared to the reality of stopping and starting while missing material is sourced or client approval received. A typical day starts early morning with a goal of actioning the overnight emails and planning tasks for the day and ending late evening clearing the last of the day's email quota. Now everyone works through a desk top computer or mobile device, the telephone is much quieter, but communication channels are open all hours.

Back in the early 1970s the marketing department where I worked was a very different working environment. Computers weren't on desks, they were housed in climate controlled rooms attended to by white coated acolytes who changed tapes and fed in punch cards. Beyond the inner sanctum where the actual machine lived was an open office with around fifty young girls busy punching cards to feed the computer. We ourselves occupied a smart high rise company headquarters in London's West End - the computer was located at a factory site in Leicester where space cost per square foot was much less. On our desk we had a blotter and a telephone. The only other piece of furniture was a steel four drawer filing cabinet. Pretty much the whole marketing team was male, or at least appeared to be, but outside of our offices sat our secretaries who took dictation in short hand and typed up letters, memos, meeting minutes and forms on early IBM golf ball electric typewriters. Few of us arrived in the office before the 9 am start time, took an hour for lunch, often spent in a nearby West End hostelry and left for home at 5.30 pm. By 6 pm the cleaners had finished and the place was locked up for the night. There were clear working hours and nobody - customers or suppliers - expected to telephone outside those prescribed working hours, because they worked much the same hours themselves.

Marketing in the seventies was for us mainly about managing a rip-roaring success. Demand for product effectively meant rationing supply as we built more production capacity, invested in new production lines and tooling - all incidentally UK based. Inflation was a convenient reason for publishing a new price list every three months. We didn't need to sell, we just took orders and examined voluminous sales reports each month on concertinered print-outs delivered from that computer up in Leicester. In retrospect it was something of a golden age. It certainly was for the advertising and design agencies. Nearly every marketing communication was in some form of print and the process of transforming our marketing briefs into a finished piece of print went through many, expensive and 'skilled' stages along the way. The bills for producing, even quite modest printed documents, were eye watering with scope at every stage to ramp up the costs - a particular favourite being "authors corrections". Artwork was actually type and images glued to a board ready for a special photographic plate making process and the risk of a bit falling off during the final review and sign off - yes actual signatures on each page - meant the final printed piece could be missing a letter or two.

But if the graphic design agencies and printers were licensed to charge well for access to the many arcane skills in the brief-to-print game, then the West End advertising agencies were masters of the art of swinging huge fees and expenses. They mostly occupied glitzy offices with elaborate receptions, decorative and arty staff luxuriating in lavishly appointed and smartly furnished offices. They would arrive by cab, often with the metre left running throughout the client meeting, before then departing for an alcohol fueled lunch at a fashionable restaurant with a similar attitude towards exorbitant pricing! But once the computer displaced the blotter on the desk top, productivity tools such as desk top publishing and email arrived, then away went the secretaries, out went the complex print processes and down went the fees. Probably the real winners in the game are the computer manufacturers, the application programmers and ISPs. The marketing people are now doing more as individuals simply because it has become possible.


Thursday, March 22, 2012

Do people who like your Facebook page also buy?

Are Facebook "Likes" and for that matter Twitter "Followers" a metric of success?

It is a question that is interesting many companies as more effort and resource is put into social media. It is flattering of course for people to take time out to click a "Like" button. Hardly a demanding or onerous task to show such affection for your brand, but what does it do in terms of boosting enquiries and sales?

By clicking "Like" you are given their permission to enter their newsfeed and  updates the 'killer app' of Facebook. If their friends notice they have liked your brand, then they might take a look out of curiosity themselves, so you could reach new people as personal recommendation is always a strong card. If in addition they add a comment, then this demonstrates some engagement which is a step towards actually being interested in your company.  Facebook users it seems pay attention to their newsfeed, but it is claimed that the majority of people who "like" a page never return to it. But no worries, you can now push them messages via their newsfeed. Except they can just as easily revoke that permission if they tire of what you send them. Then there's Facebook's EdgeRank algorithm which filters the news they receive and one measure is the affinity or  interaction you have with that person. Because if they are a real friend it will be a two way communication process and news from friends is rated highly. That's why they use Facebook in the first place. Of course someone may have "liked" you because off an offer, free voucher or competition entry and not be within the scope of your target market at all - in other words are they prospects you actually want to be engaged with in conversation.

As a straw poll piece of research we looked how many "likes" companies had in a niche b-2-b market sector. Taking just a small sample of 10 prominent companies in this sample market, 2 did not appear to have a Facebook page at all, the biggest company had zero "likes", 3 companies showed a few hundred and 4 companies a few thousand. Of course it is early days and the unliked big boys might find themselves overtaken by the liked competitors, time will tell.

Wednesday, March 14, 2012

Very Pinteresting

According to Shareholic "Pinterest created more referral traffic than Twitter" last month.


A closer look at their "All Traffic Sources Report" - based on aggregated data from 200,000 publishers and 270 million unique visitors in the month - puts Pinterest at 1.05% and Twitter at 0.82%. Although sitting in the top 10, still a long way off Google's dominant 48.81%.


So what is Pinterest and does it have a role in B-2-B marketing? It is another entrant in the social media open platform camp and at the basic level is  a photo and link sharing service. A digital collage of pictures that offers the options to "Like", "Comment" and "Repin". Their own description is that, "Pinterest is a virtual pinboard. Pinterest allows you to organize and share all the beautiful things you find on the web. You can browse pinboards created by other people to discover new things and get inspiration from people who share your interests." It goes on to say, "People use pinboards to plan their weddings, decorate their homes, and share their favourite recipes." Hardly B-2-B. And yet there are case studies claiming considerable business success. The trick is to pin interesting pictures, not just pictures of your products. For companies who have such a picture library then Pinterest may be worth a punt.



Wednesday, March 07, 2012

Is it time to switch more of the budget to inbound marketing

There is one school of thought that terms many of the traditional marketing communication tools such as, display advertising, exhibitions, email campaigns and telemarketing, as outbound marketing. These methods are deemed interruptive because advertising messages, emails and telephone calls intrude into your  life. It is also pointed out that the means of blocking these intrusions using time shifting to avoid TV advertisements, junk mail filters to swerve around unwanted email traffic and caller identity to filter telephone calls is making these traditional communications less effective.

The new world is termed inbound marketing where instead of the vendor targeting prospective customers, the customers find the vendor. It is argued that buyers typically start the process of researching products and suppliers on the Internet. So the first goal is for your prospects to find your web site. A modern take on the notion of 'build a better mousetrap and the world will beat a path to your door?' So, how out of the millions of web sites do buyers find yours? Unlike the traditional method of identifying target audiences and building or buying lists that deliver your message to the market population - either individually or collectively - you wait? Well not exactly, you focus your efforts on creating compelling content that will bring prospects to your web site, on search engine optimisation to propel search results to your content high up and hang out in the social media space where your customers go.

Content should be informative and can exist in many different formats, all designed to present your business as knowledgable and authoritative - in short as someone the buyer will have confidence in buying from and considers qualified to provide products that will serve their need. Examples of content are news stories and feeds, white papers, ebooks, videos, blogs and case studies.

SEO is a complex and ever evolving art ensuring the web site has all the right tags and titles, analysis of keywords and search terms and link building strategies.

So what about social media? There are many players, but usually Twitter, blogs, Facebook, YouTube, LinkedIn and special interest forum are the favourites. These alone can be extremely time consuming in providing a timely flow of quality content. Twitter - the microblogging site - is great for broadcasting headline news and links say to your blog. Here the story can be developed in more depth but in a friendly less formal style than a press release. YouTube can be a great place to post videos demonstrating the products or for third party testimonials. LinkedIn has something of the professionals response to Facebook and offers opportunities to create and participate in special interest groups.

A final thought - should inbound marketing be part of the marketing mix? Yes. But as with any marketing communication programme an appropriate combination of techniques should be used to work harmoniously in an integrated campaign.