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Friday, February 12, 2010 Q&A: Aligning marketing, PR and social media I'm moderating a panel on the alignment of marketing & PR in a couple weeks at Dan Greenfield's PR + Mktg Camp in Seattle. Should be a great day of discussion. Earlier this week Dan and I talked how marketing and PR teams have traditionally worked together (or not), and how those relationships are evolving now - especially with the maturation of social media as a cross-functional tool set.Excerpts from our conversation are below. Check out more great conversations by PR + Mktg Camp panelists & moderators at the event blog. Question: Are PR and marketing more aligned or less aligned because of social media? Matt: The idea of separating marketing teams and functions is a remnant of the "old way" of doing marketing. When most marketing was one-way (i.e. customers couldn't react, respond and create messages of their own), it was more acceptable to separate PR from product marketing, and even lead generation activities. Now, especially because the customer has so much control and such a strong voice, it's critical that brands act as one. That means PR, advertising, social media, lead generation - they all need to work from the same playbook in a coordinated fashion. Easier said than done, but that's exactly what today's most successful brands are doing. Social media has enabled the consumer to talk back in a powerful way, which is accelerating the need for this consolidation and integration of marketing strategy by products, services and brands today. Question: PR is generally about placement, reputation, messaging, impressions and storytelling. Marketing is generally about transactions, click throughs, key words and web applications. How is social media changing that, if at all? Matt: Everything is about getting the sale. It always has been, but now it's easier to see and map the progression of a customer from awareness, consideration, intent, trial, purchase - then repeat, renewal, referral, etc. Social media is blurring the distinction between customer engagement stages. Ten years ago, it was easier to segment the functions - PR talks to the customer at the beginning, then product marketing takes over and offers demos, free trials, etc. Then once they're a customer, your loyalty/retention team takes over. That approach doesn't work anymore. The way we measure different marketing elements, by function, probably still works. But it has to be put into the context of a more immersive, cohesive customer engagement strategy that blends messages and tactics across stages of a customer relationship. Question: What disadvantages (inefficiencies, lost opportunities, customer confusion) and advantages (integration, cost savings) are these shared tools like Facebook and Twitter creating for PR and marketing? Matt: The sales cycle has always been far shorter than the customer's buying cycle. Five years ago, the customer buying cycle was a black box for marketers. We had no visibility to what was happening, what prospective customers were thinking or asking, who they were even considering. Now, thanks to social media, we have insight into how customers are thinking well before they engage directly with brands. But this isn't an opportunity for selling. It's an opportunity to engage and become part of the community - add value, answer questions, provide valuable content. Earn trust, respect and credibility. Community engagement and social media are at the very top of the buying cycle, before the sales cycle, and it doesn't really matter which part of the organization manages and executes there, as long as the approach is right. Question: Should social media ultimately be the responsibility of PR who manages reputation and conversations or marketing who is in charge of transactions and sales? Matt: It doesn't really matter. Everyone in the organization needs to understand the customer, what they want, what they need, and how to address them - with or without a paid relationship current or pending. Every member of your organization should know how to address customers in a respectful, value-added way. Social media has accelerated the tearing down of walls between customer and provider. There's more transparency, less formality. Brands need to be accessible, approachable and authentic to be accepted. The social media strategy doesn't end when a customer enters a selling cycle. They aren't going to stop talking to their friends, and using Facebook, or commenting on Twitter, just because they're talking to a sales rep. Their interaction with and reflection of your brand continues across functional sales & marketing groups. That's why ownership of the social media "voice" within one marketing function or another is problematic. Today, that strategy (and especially the execution) is a job everybody has.
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Thursday, February 11, 2010 The most powerful networking tool ever invented You write. It’s really that simple. Writing comes more naturally for some, but it’s still the most powerful, most efficient, most leveraged way to build and foster an active professional network. It’s always been a powerful tool, but access to a wider audience was previously restricted to those either with a printing press, or those who could buy or cajole their way into said publications. Today we have blogs, email newsletters, comments on other people’s blogs, Twitter and various other channels available to us – not to mention a wider array of online and offline publications always on the lookout for good content. The writing isn’t any easier, but the platforms and means of discoverability have improved dramatically. Write something noteworthy today, and it’s around forever. Write something on a weekly basis for five years, and you have hundreds of breadcrumbs demonstrating your insights, smarts, thought leadership and capabilities all over the Web. Write on a regular basis and people will start to follow what you have to say. They might not read every piece, but they’ll get enough to stay engaged, keep you top of mind, and accelerate pass-along of you, your interests and ideas to countless others. Even if writing isn’t your strong suit, it’s a good habit to get started. It’ll pay you back for a long, long time.
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Thursday, February 11, 2010 Stop making it harder for customers to engage & buy Did anyone else notice the near lack of social media integration in Super Bowl ads this past weekend? Only a couple ads included a specific and trackable call to action (including Dockers, whose site immediately went down in the minutes after their spot aired), and none that I could see referenced anything on Facebook, Twitter or any other social network. With a significant percent of Super Bowl viewers simulateously on their computers, and a further opportunity to engage customers and prospects well after their 30-seconds-of-fame, I was surprised to see so few advertisers specifically invite viewers to continue the conversation. Last night, Expedia brand manager Julie Lowe gave a good explanation at a local Super Bowl Ad Replay event: "Big companies that spend money on Super Bowl ads have too many different and separated marketing groups, with not enough communication and coordination between them. The brand or advertising teams likely managed the Super Bowl strategy largely on their own, without thinking about integrating efforts from the social media or direct teams that sit next to them." Your company or marketing department may be organized into functional groups, but your customer doesn't think that way. Today's increasingly multi-tasking customer requires a different way of operating, and a new level of cross-platform integration from marketers. Your company just spent three million dollars on thirty seconds of air time. Why not capture more value than that? Of course, most of us aren't running those kind of ads. But how well does your marketing today take into account the multi-faceted ways customers want to interact with you and each other? How easy are you making it for them to engage, share, participate - and buy?
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Wednesday, February 10, 2010 12 tips for building and managing a bigger sales pipeline Why do you need a pipeline in the first place?
How to approach your sales pipeline
Key strategies for effective pipeline execution
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Tuesday, February 9, 2010 Customer loyalty is more than just a number The means by which most of us measure customer loyalty is a bit flawed. Retention is up, attrition is down, and we think all is well. With sales, it’s easier to boil performance & success down to a number. Either you closed the sale, or you didn’t. New revenue is booked and realized, or it’s not. With retention, it’s a little fuzzier, because not every customer is alike. Yes, you may have retained 95% of customers last month. But how many of those customers are raving fans? How many are frustrated and just sitting out the rest of their contract? Those are very different customers. One is willing to sing your praises to other current & prospective customers – helping sales and solidifying retention (and possibly success) with some of your other customers. The less-satisfied customer, unfortunately, may be doing the opposite. Their frustration is simmering, and they’re telling others about it. They’re sharing with their colleagues, with peers and other customers via their social channels, and literally closing the door on future revenue opportunities – possibly without you knowing about it. Our spreadsheets tell us these two customers are the same. But they clearly are not. How are you identifying these two customers in your business? And how are you using that insight to address and improve both the less-satisfied customers, as well as the potential weak points in the product or service itself?
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Monday, February 8, 2010 Recommended links for Super Bowl ad analysis, commentary, criticism Here are a few links I thought particularly worth a quick read the day after: Hulu: See every ad from the Super Bowl again here USA Today: Which ads scored best with viewers? Check out the AdMeter AdWeek: Four reasons why Super Bowl ads are still among advertising’s best bets AdRants: Summarizing several roundups, there’s no clear winner in this year’s Super Bowl ads BrandBowl: How the Twittersphere ranked the advertisers AdWeek: Super Bowl Ratings & 30-Second Ad Costs since 1969 SearchEngineLand: Great analysis of Google’s ad strategy, reactions, comparisons to Bing, etc. CNBC: Super Bowl ads the NFL didn’t want you to see Social Media Journal: “Advertisers, you really missed the mark this year”
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Monday, February 8, 2010 Super Bowl Ads: Buzz and sales are very different things Was it me, or were there very few ads in last night's Super Bowl with a call to action? There were some memorable images and concepts, as always, but in general there was very little effort placed on driving the viewer to a next step, to a Web site or social media presence where the experience and engagement could continue, where identification, registration and/or sales could happen. Yes, there were a few URLs at the bottom of ads at the end. But most appeared to be placed as an afterthought, or at least as a mere boilerplate with very little reason for viewers to go there. You spend three million dollars on 30 seconds of air time (let alone the cost of creative and all the internal soft costs associated with executing the campaign), and you end up with a nice ad, some nice gameday buzz on Twitter, then what? When the advertising world is buzzing about which ads were the most creative, what's happening to your brand? What's happening to sales? Driving ROI from that investment has very little to do with what the Madison Avenue elite think on Monday. Is't about what Main Street does on Monday and beyond. That's where the real value and ROI is created. Pepsi was absent during the game last night, of course, because they've put that money into a massive social media effort instead. Is this the consumer brand equivivalent of having the courage to forego exhibiting at your industry's big trade show? At the show, a few people may wonder why you aren't there, and you do miss out on grabbing the spotlight (briefly) when everyone's looking in the same place. But you smartly save your money and divert it to quieter but more effective marketing. Long-term, are your sales (and strength of your business) better as a result?
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Friday, February 5, 2010 Ten simple ways to stay connected with your network every day Here's a list of ten things to consider doing daily. If ten is too much to start (although this list should take all of 15-20 minutes if you stay focused), start with just 2-4 and expand from there. Each piece incrementally will help, and you'll be surprised how quickly your investment comes back in the way of opportunities, introductions and more.
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Thursday, February 4, 2010 What's their compelling story? What's yours? Everything had a story. Every person, every product, every sales opportunity, everything. Where it came from, how it evolved, why it exists and where it’s headed. As a business, you need to know your story. Where you came from, why you exist, what benefit you provide. And before you can effectively market and sell your product or service, you need to know that story. But before you can do that, you need to know your customer’s unique story. Not just the story they’re telling the world, but the story behind why they might need you. What got them to where they are today, what challenge or need or pain has that created, and where are they headed? Then, your story becomes their story. You create and communicate a story that takes your prospect from present to future, by telling a story of how wonderful the future will be with your product or service as the enabler of that future. Stories aren’t about features, or new releases, or tactics. Your story needs to take into account the past and present, then predict the future. If done right, your prospects will directly connect with and start to believe that story. Now you’ve created value. And it’ll be hard to say no to a good story like that.
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Wednesday, February 3, 2010 I believe you treat everyone with respect. You give everyone the time of day. You don’t just intentionally blow people off. That doesn't mean you take meetings everytime someone wants to "pick your brain", and it doesn't mean you necessarily treat everyone you meet the same (same time, same depth, same attention). It's just important to remember that we live in a small world, roles change constantly, and your good will today will pay dividends - directly or indirectly - down the road. Case in point: Twelve years ago I met John Cook for the first time. He doesn't remember, but I do. He was a technology reporter for the Bellevue Journal-American, a small suburban newspaper with a limited circulation. He gave a talk at a local PR firm about working with the media. I thought he was a small-timer. Thank goodness, despite my lack of maturity and perspective, I didn't share that sentiment with him or anyone else at the time. Today, John is one of the most influential technology reporters in the Pacific Northwest. We all start somewhere. Today's intern could be an influential peer, or even manage your division, in a few years. She could start her own company and become an important, revenue-generating partner to your business. The sales rep you blew off at the last trade show? You might have something you want to sell him in your next job. And the reporter for that third-tier trade publication may get a job at Business Week down the road. You never know. Why risk those opportunities in the future by blowing them off today?
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