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Get It Together
May 1, 2008 12:00 PM
, By Ruth P. Stevens
In business-to-business marketing, the products sold and the buying process are typically complex, requiring not one but a series of touches. DMers grapple with countless challenges. What's the optimal number of touches? Which media make the greatest impact at various points of the process? How do you measure the effectiveness of each touch — and the effort as a whole? Unfortunately, there are few reliable answers to these questions. But some principles are beginning to emerge about what works best. The business case for integration is compelling. First, provided they work well together, mixed media can generate better results than a single medium. Second, if communications aren't delivering a consistent message they can cancel each other out. Customers expect reliable information from their vendors. Anything less can cause confusion and erode a brand's value. But it isn't easy to pull this off, especially in medium-size and large companies. Functional silos have arisen in marketing communications, all with their own vocabularies, cultures, budgets and objectives. Coordinating them requires tenacity, a maniacal focus on the customer experience, and support from senior management. But the payoff can be huge: a powerful, well-oiled machine. And the kicker is the bonus lead generators reap from brand communications. All outbound contacts with customers, whether they be customer-service or even billing-related messages, can potentially be harnessed to drum up leads. BE EVERYWHERE
The simplest way to gain this kind of leverage is to put the company's Web address — which has a registration offer prominently displayed on the home page — on all messages that go out to customers. The same principle applies to customer touch points that are less obviously part of marketing communications, such as packaging, point-of-purchase displays, billing statements — any instance when the customer comes in contact with the product or service. Similarly, with a little effort, some of your messages can do even more to support lead generation. To stimulate your thinking:
There really is a potentially endless stream of good ideas for integrating the marketing communications function. The best way to approach this is to systematically review everything in your company that touches customers and prospects, and consider ways to convert those touch points into actionable inquiries that can be nudged along toward completed sales. WORKING TOGETHER
Ideally, business marketers seek to leverage the potency of all media channels simultaneously. The whole being greater than the sum of its parts, as they say. Here are some examples of how mixed media can work well together:
RUTH P. STEVENS (ruth@ruthstevens.com) is a visiting professor at Singapore Management University for the spring 2008 term. When in New York she consults on customer acquisition and retention, and teaches marketing to graduate students at Columbia Business School. She is the author of “The DMA Lead Generation Handbook” and “Trade Show and Event Marketing.” Selecting the Right Media Mix
The media mix is a function of several variables you need to examine:
To manage all these factors, a spreadsheet makes an excellent planning tool. Lay out the media options on a spreadsheet, conduct scenarios based on financial projections, and seek to optimize the communications stream. You can expand the spreadsheet to include other key points, like timing and geographic territory requirements. In the chart below, the expected qualification rate is broken out by inquiry source, a refinement that can assist in making truly effective media decisions. You're likely to end up with some very inexpensive leads in your mix. The unfortunate thing is that, typically, these leads won't be sufficient to meet your growth needs or support your sales force's quota. So you'll need to select several options, ranking them by ROI, availability and your lead-flow criteria, to come up with the best combination. A Hypothetical Spreadsheet Sample
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