The lunch options surrounding our offices are, shall we say, limited. Perhaps this is one reason the line for Sweetgreen during peak lunch hours can run a solid twenty-minute wait. Diners, myself included, wait until we are ready to eat lunch to get the salad, hence the long line. Now what prevents me, or anyone else for that matter, from running out to get my salad at 11am, when the place is completely empty?
It’s a salad after all. I can stick it in the fridge and eat it whenever I want. One could ask the same question about how we purchase clothes at stores (which old-timers like myself still do). Around this time of year when stores are pushing summer clothes, the sale racks are filled with heavily discounted fall and winter wear – probably the same winter clothes you paid double or triple for just a few months ago. But no matter how enticing the sale, we often bypass the out-of-season sale items in favor of what we will wear in the here and now.
Both of these examples came to mind as I started thinking about how businesses market their products and services to – whether its b2b, b2g or b2c. You not only have to hit prospective new customers you want to convert and existing customers you want to upsell with the right message, but it has to be the right message at the right time. The right time, as is the case with winter clothes on sale as summer begins, often comes down to when prospects and customers are in the frame of mind to be thinking about your product or service. Catch them too early and they will get distracted and move on; catch them too late and, well, that’s self-explanatory I suppose.
This challenge becomes more difficult for marketers trying to blanket a large number of customers and prospects. The ability to personalize the message and the timing is why more marketers are increasingly intrigued by Account-based marketing (ABM). With ABM you concentrate efforts on a very defined set of target accounts within a market, and then utilize campaigns personalized down to the single account level.
Marketing automation leaders are also looking at ABM to round out their services portfolio. Recently inbound marketing and sales leader HubSpot invested in ABM startup Terminus as part of a $10.3 million Series B round. In its blog explaining motivation for the investment, HubSpot talks about the fact that while inbound marketing is valuable for targeting an individual throughout the purchase process and beyond, ABM is useful when there is a need to build a relationship with multiple stakeholders at once. When done right HubSpot notes, ABM is about “precision and personalization not brute force.”
If you are a CMO thinking holistically about marketing to b2b, b2c and b2g customers, Account- based marketing has earned some mindshare. Altera Group research finds that 97% of marketers surveyed said that ABM has a somewhat higher or much higher ROI than other marketing initiatives. And in its 2016 State of ABM study, market research firm SiriusDecisions found 70% of B2B companies are beginning to build ABM programs, while 87% of participants said ABM is extremely or very important to their marketing efforts.
Marketo recently highlighted five key benefits of ABM, and I think they’ve hit the nail on the head:
- Clear ROI – Effective ABM drives clear business results. In fact, compared to other marketing initiatives, the 2014 ITSMA Account-Based Marketing Survey found that “ABM delivers the highest Return on Investment of any B2B marketing strategy or tactic.”
- Reduced Resource Waste – Because ABM is so targeted, it allows marketers to focus their resources efficiently and run marketing programs that are specifically optimized for target accounts.
- It’s Personal and Optimized – ABM entails personalizing your messaging and communications to specific accounts so that your campaigns resonate with these target audiences. Targeted customers are more likely to engage with content that is geared specifically to them, and is relevant to their business and stage in the buyer journey.
- Tracking Goals & Measurement is Clear – When you’re analyzing the effectiveness of campaigns, whether email, ads, web, or events, it’s easier to draw clear conclusions, because you look at a smaller set of target accounts instead of a vast set of metrics.
- Sales Alignment is Easier – ABM is perhaps one of the most efficient ways to align sales and marketing. This is primarily due to the fact that the marketer running an ABM program operates with a mindset very similar to sales—thinking in terms of accounts and how to target them, bring them to the table, and generate revenue from them.
Account-based marketing can help you reach the right prospect and customer with the right message at the right time. It’s 10am, so I’d love to tell you that I’m off to go buy my salad while no one is in line but…
Have a marketing or communications challenge? Contact us. We can help!
Planning for the New Year? Is Your Branding Up to Snuff?
With a new year comes new expectations. More qualified leads. Better content. More PR coverage…just some of the areas that b2b marketers are measured against.
The New Year marks a great time to unveil a new brand identity to the market. Usually in January there is the company wide sales kickoff meeting where the team is hungry for something new. Out with the old and in with the new. A new look is always a smart way for b2b marketers to kick off the year in style.
A lot goes into creating and launching a new brand. Determining the new brand identity, then doing all the steps to launch it are critical for success. How well you handle the transition process from the old to the new and how that plays out can go a long way toward determining the success of your launch. As you only have one chance at a first impression, every step you take in in the process must be executed flawlessly.
So let’s think about audiences. First and foremost is the internal audience. They say that more than 50% of the success of a rebranding effort is determined by how well it is received by your internal champions. These are the people that will be the first line of defense when presenting the new brand to their customers and partners. They should love it. They should feel inspired. They should be prepared to scream about why you did it and what it means to the market from the mountaintop.
To best do this, they need key messages delivered on a silver platter. And they need to be easy to communicate. Having a consistent story to tell is critical. Think of it like a game of telephone. Once you tell them why you did this you have no idea where the message will go. By the time it reaches a hot prospect it may lose its impact. And remember, you only have one chance at a first impression.
Once key constituents understand why you did it, the next critical question for b2b marketers to answer is how will the news and message get communicated, and when can people talk about it. From the smallest requests (when will by new business cards arrive) to the most critical brand story telling channels (when will the website get updated), no detail should be overlooked. A detailed rollout plan is critical for success.
Say it Loud and Say It Proud
Many brand marketers don’t get the respect they are due. Their efforts are reduced to simple questions from others such as “what hours do I need to be working at the tradeshow booth?”
A new brand identity is the time to make a splash, and what better time than the New Year when we are done celebrating past years’ success and are now ready to move forward with the new branding. If you are like most b2b companies you have a big sales kickoff where everyone is hungry to see what is new for the near year. If you coordinate efforts well, all materials are ready, all messages are crisp, and you have the perfectly captive audience of internal influencers to get behind your efforts. Leverage the promotional opportunity the kickoff presents to make it memorable.
You Made the Splash, Now What?
Let’s face it. Launching the new brand is just the top of the iceberg. There are a million things to do and pieces of communication to coordinate. People have questions, and you should have answers. Now is the time to move back into your measured marketing roll and create a perfect spreadsheet to show the team how things will roll out. Use the rebrand as an opportunity to create a cadence of messages for partners, prospects, and customers. This is your new brand platform to deliver a new message for 2017. The market should experience it in everything you do, from your tradeshow booth to your website to your lead generation campaigns. A coordinated effort will enable you to get rewarded for your efforts while successfully launching the new brand identity to the market.
Don’t forget What Got You Here
If you are thinking about rebranding for 2017, you have been successful in your job in 2016. That means that you had something valuable for the market and did a good job delivering it. Now is a good time to meet with your core audiences to get their feedback. What is resonating about the new branding and message? Have you and your team done a good enough job clearly explaining why you did this? Does the identity fit the company you want to be? Does the market understand the meaning behind the new brand?
Ready to Get Started?
At Bluetext branding is in our DNA. We work with organizations across many industries to help them create and launch new brands to the market. From logo development to corporate visual identity to responsive web design to trade show booths and new collateral, we have the resources and expertise ready to tackle whatever challenge you are facing with your brand. Now is the time – the New Year is just around the corner. Do you have the platform to deliver a powerful message to the market? Reach out today to find out how Bluetext can elevate your brand.
If you are a CMO or executive at a DC-area organization seeking to hire a digital marketing firm, do you Google search for “Top DC digital marketing firms” or “Top digital marketing firms?” Maybe you don’t use a search engine at all, but that’s a conversation for another day.
The point is that for many organizations, there is significant perceived value in having a marketing agency that is “local” – whether it’s a b2b marketing agency, b2g marketing agency or b2c marketing agency. The true value of engaging with the best “local” marketing firm as opposed to just the best marketing firm period is a more nuanced consideration that depends on the specific needs of your organization. To help with that decision, I’ve assembled five key questions to ask yourself before deciding if your marketing partner should be local:
How much value do you place on face time?
CMOs must be honest with themselves upfront about how important it is to have your marketing agency team available for in-person meetings. This should be a factor in the pre-hire evaluation phase – how big a factor is up to the CMO. It can be practically and economically unreasonable to expect a non-local marketing agency to show up on short notice, but it is also true that getting together in-person can foster improved team chemistry and allow for easier oversight.
How specialized are your marketing requirements?
As is the case with any product or service, the laws of supply and demand apply. If your organization is based in Cleveland, there will certainly be sufficient marketing agencies to choose from. But how niche is your product/service or vertical market you serve? Perhaps you need an agency with experience marketing consumer-facing ride-sharing startups, or software for the healthcare industry. All of the sudden, the list of credible b2b marketing agencies or b2c marketing agencies with this type of experience in Cleveland shrinks. It is a tradeoff for CMOs, and based on your specialized your needs are, a non-local marketing agency may be necessary to provide the expertise your organization requires.
Does your marketing agency need knowledge of the local market?
Your local market, for various reasons, may be critical to initial or long-term growth. One of the reasons that leading technology brands turn to Bluetext for b2g marketing and b2g public relations is that we’ve developed unique expertise understanding what makes this market tic and the messages required to reach and influence decision makers.
That’s just one example though; it could be that your local market is a critical early engine for customer growth, or that you need an agency that has strong relationships with local broadcast, print and online media. Even the most skilled national marketing and pr agencies will require time to ramp up in better understanding some local markets.
Do you have the right technology to manage virtual teams?
If you already work with other vendors that are virtual, then you may have the necessary technologies, tools and processes in place to effectively communicate and mange a virtual marketing agency. These tools range from conferencing and collaboration to messaging, presence, video and project management, and it is important to lock in on a set of tools that can be used across all vendors – rather than continuing to add a patchwork of standalone apps that end up complicating rather than aiding vendor communication.
There is evidence that technology vendors recognize the need for more integration. Our own client BroadSoft delivers truly integrated business communications in response to the avalanche of apps and tools that marketing departments can now choose from.
Consider these factors when deciding if a local digital marketing and public relations agency is the best move for your organization. And to learn more about Bluetext, click here:
For several companies, the new HTML5 and video based immersive executive experiences Bluetext has been creating are delivering amazing results. For example CSC (Fortune #175) is seeing this experience as #1 out of 12,000 website pages in its domain. These digital experiences represent our clients’ commitment to leading-edge user experiences for thought leadership, sustainable technology, and delivering deep, rich contents to address the requirements of their diverse personas.
“Our new Immersive Executive Experience offers an incredibly powerful demonstration of 3D, with unmatched visual quality and fidelity,” comments Ray Holloman, Director of Marketing and Digital at 1,300 employee firm NJVC. “The new web design and digital experience is integral for immersing our customers in understanding our Mission Critical IT capabilities.”
NJVC was looking for a new powerful message to the market as well as an immersive experience. The video snippets of this experience below provide a good sense of how we are merging marketing campaigns with thought leadership content marketing.
Bluetext, a top digital agency in Washington DC, has produced these user experiences for CSC, McAfee, Intel Security, Deltek, TalkShop, Cooper Thomas, GovPlace, Futures Industry Association, VMWare, and NJVC and would love to explore producing one for you.
Nick Panayi, Director of Global Brand and Digital Marketing at CSC stops by the Bluetext Buzz Lounge to share his thoughts on trends in digital marketing.
When it comes to where a brand should spend its video ad dollars, YouTube has long been the go-to destination. With more than 3 billion video views per day, content producers direct the majority of its efforts here – and unsurprisingly the advertiser budgets have followed.
But this presumption is being seriously tested by a video traffic explosion – chronicled in great detail by Fortune magazine writer Erin Griffith – underway at Facebook. Facebook users are watching 4 billion video streams a day, which is a 4x jump from just twelve months ago. Granted, Facebook counts a “view” as any video that plays for three seconds, which means that users scrolling down their feed and allowing a video to briefly auto play before moving on inflates the view total. Nonetheless, 4 billion is 4 billion.
Fortune’s Griffith goes into some of the reasons behind social network’s video success – which unsurprisingly includes efforts by engineers to adjust algorithms that make it not only easier to watch videos, but also to share them. While Griffith’s focus is on how all of this impacts advertisers and where they spend their money, Facebook’s rapidly growing impact with video presents a conundrum for B2B and B2G brands and the public relations/marketing firms that represent them.
In evaluating the major social networks and where to focus resources, investment and, most importantly, content, Facebook typically comes up last for firms seeking to influencer decision makers across government and businesses. Sure, everyone is on Facebook, so it goes, but the working assumption is that the largest social network is where you go to view new pics of the grandkids or post updates from the beach – not to consume B2B/B2G focused content.
Griffith’s article supports as much when it comes to videos, with the author pointing out that, “…Facebook’s biggest advantage over YouTube and other video providers may be boredom.” Griffith suggests someone lands on a YouTube video either because they are searching directly for it or a related topic, or a video being shared is ultimately sourced on that site. With Facebook, most of the time we are watching videos because we are killing time on the site and it is just another thing to do.
Because Bluetext works with so many B2G and B2B firms, social media strategy comes up quite a bit. Often, recommendations lean towards LinkedIn, Twitter and YouTube depending on the ultimate goal and category of decision makers the client is trying to reach. Even with B2B and B2G clients for whom we are not supporting social media, Facebook is usually trailing the pack in their social efforts.
But the fact is that Facebook drives one-quarter of all web traffic, and its video traffic explosion demands B2B and B2G firms reevaluate how best to use the site with video content. Is it ideal for placing corporate marketing, event or deeply technical product and service videos? No, absolutely not. But are there times when Facebook, rather than YouTube, should be ground zero for launching a more consumable brand humor video or engaging content that can be easily viewed – and shared – across Facebook and then on to other destinations? 4 billion video streams a day say yes, and going forward B2B and B2G brands may be saying yes as well.
Magellan Federal Vice President Mike Braham talks about what he looked for when selecting the best agency to develop the Magellan Federal brand, and why he chose Bluetext.
During my younger days I was fortunate enough to cut my teeth in the public sector at powerhouse Washington radio station WTOP, and was part of the launch of FederalNewsRadio. During that part of my career, I was lucky to be able to work with CMOs at just about every major defense and global technology brand serving the federal government. At the time, my biggest competitors were the stacks and stacks of Federal IT and Defense magazines that filled the bookcases behind them. These were the reams of tangible, tactile publications that their CEO’s demanded they advertise in before even considering buying 60-second slices of intangible “air.”
The precipitous decline in those print publications, combined with the impact of budget cuts on the federal agency buyer’s ability to travel to attend industry conferences, trade shows and seminars, has flipped that model on its head over the last 5 years. The resulting void of strong brand void has led to an increased thirst for more readily accessible “premium” content—white papers, e-books, survey reports and other in-depth materials that can be indispensable for government decision-makers. Yet, defense and technology vendors and contractors continue to peddle their wares using increasingly ineffective traditional methods of marketing.
The most notorious of these are companies that load up on traditional marketing to push government contracting vehicles—their IDIQs, GWACs and GSA Schedules – especially at the end of the federal buying season. There was once a time and a place for that – but no more. Marketing is now forever changed thanks to Al Gore – or who ever invented the internet.
As a result – government buyers have become real buyers just like you and I, involved to varying degrees in researching, influencing and taking themselves 75 percent through a buying process to ultimately select a solution that your company – and your 10 largest competitors – all provide.
This is why it is now so critical to target your marketing with premium content to specific and very real buyer personas. You need to put yourselves in their shoes to differentiate your brand and fill that void with contextually relevant content before your competitors do. No matter who that buyer is, they are all facing the same quandries:
- I have a problem, but I don’t know what the solution is.
- I know what some solutions are, but I don’t know which one is best for me.
- I know which solution I want, but I don’t know who to buy it from.
And while the best way to answer these is with content, the biggest obstacle I find since joining the agency side is that most of the companies we work with do not yet have mature content marketing strategies and lack the in-house resources needed to generate enough thoughtful, relevant content to drive engagement that results in traction for their brands in this market. The other challenge is their inability to harness the thought leadership of their subject matter experts. The people inside their company who have the expertise on issues most relevant to your target audience often do not have the time or have not been engaged to contribute content on a regular basis. As a result, marketers are struggling not only to develop the editorial calendar, but more importantly the content itself.
It’s no secret that a lot of successful marketers are turning to agencies to overcome this very challenge. When they do, they realize very quickly that we can capture more eyeballs – and drive much more significant and targeted brand engagement—by empowering them to become masters of their own content for far less than what they used to spend on traditional ads in all of those long-gone publications– and for a fraction of the cost of those radio ads. They all once had their time and place – and so will your brand if you continue to allow your competitors to outmarket you and find a cozy place for their content in the minds of your buyer.
As business grows, driving innovation can be challenging. Bluetext recently developed this mascot character to inspire one of our clients to drive innovation and promote an innovative spirit across its global client projects.
Bluetext named her Ana-Vation – a female spin on the key phrase Innovation.
Bluetext loves these kind of creative challenges. We see companies like consulting firms and government contractors that need to find ways of driving innovation as employee de-centralization and work on client sites can be a cultural challenge.
Here are some ideas to drive innovation in your marketing, branding, and overall cultural efforts:
- Be easygoing.
- Hire for culture.
- Bring on people who love the work they do.
- Build a diverse workforce.
- Manage innovation in a transparent methodical fashion.
- Schedule time for brainstorming.
- Tolerate and expect mistakes.