Archive for the ‘Big World Marketing’ Category

Top 10 Elements Often Lacking in Marketing Materials.

Monday, June 28th, 2010

How many of them are lacking in yours?

Next to your actual sales force and your own undeniable powers of persuasiveness, web sites, corporate brochures and identity kits should be among your hardest working marketing tools.
In order to make sure you’re maximizing the power of these tools, we have put together a checklist of attributes which no self-respecting corporate identity package should be without.

1. Synergy With Your Company’s Overall Image.

This synergy is the key to building awareness of your company as a brand. Everything should look like everything else, because that’s what makes you look professional.

2. A Strong Essential Message.

This is the promise you make to your potential customers or clients, and it’s one of the most important pillars upon which your communications is built.

3. An appealing Look & Positive Feel…

that’s both ‘in character’ and inviting to read. People read things that look appealing and interesting. Anything else, they tend to ignore.


4. Obvious Corporate Identification.

It’s all the rage in the design world to play down logos. But that’s how most readers end up missing them.

5. Bad English Ain’t Good.

Bad grammar is running rampant in communications these days. Bad grammar can make you look like a not-so-bright, and therefore not-so-trustworthy company.

6. First Person Focus.

Never talk about your company in the third person. If you do, people will think you’re weird. Talking about your company in the first person naturally personalizes the communication and makes it more inviting for the prospect to read.

7. Simplicity. Simplicity. Simplicity…

in the use of supporting language and graphics. Remember, you know more about your business than anyone you are talking to. Showing respect for what they don’t know will always be rewarded.

8. A Positive Selling Attitude Throughout.

This is all about keeping the tone and manner of your communications positive, upbeat and on point, and one of the most important keys to stimulating response.

9. Testimonial & Case Study Support.

Your satisfied customers are, bar none, your best salespersons. Anything that quantifies results is going to be more meaningful to your readers than abstract notions or platitudes. You’ll be surprised how powerful these underused selling techniques can be.

10. Concrete Reasons Why The Prospect Should Be Doing Business With You.

Too many companies fill their communications with reasons why they are so great, but they seldom turn it around and give their prospects a real sense of what’s in it for them.

How to Ask for Feedback

Monday, June 14th, 2010

At lunch today, my favourite writer told me a story about a client of ours whom she worked with while I was on vacation. She’s writing his brochure. After initial direction was approved, then a couple of back-and-forths between them, he took the draft to his advisory board for feedback. He got so many and such varied responses his head was spinning and couldn’t sleep that night.

We encourage clients to run their creative by an advisory board or, even better, ideal clients at exactly the stage our client did. However, if you simply say “what do you think,” the question is too open-ended. Here are some tips on how to get the most useful input.

This applies to anything from logos, to web design to any kind of content.

Give Them Some Background

Tell them who the audience is, how it will be used and what you were trying to achieve. For example, it’s going to a specific audience like financial controllers in large corporations (very different than the head of HR at a smaller company). It will be handed out at a tradeshow and you’re hoping to get meetings out of it. Also, tell them what specific result you are after, if applicable, like getting them to call directly versus sign-up through your website.

It helps to give a bit of background on your discussions with the creative team involved as well, like what led to the format or approach taken This may eliminate a lot of questions that can have you second-guessing yourself. Like ‘why didn’t you just do a tri-fold brochure’? You could pre-empt it by saying ‘we discussed doing a tri-fold brochure but realized it would be inserted into large folders and we also wanted to email it so…’

Consider sharing some of the market research that was done to help put it in context, like ‘client interviews indicated what’s most important to them is ______’

Create a List of Specific Questions

What about the piece is important to you – that a certain message get across? That people take a specific action at the end? That it builds a feeling of trust and stability or makes people feel warm and fuzzy? Use this as a guideline to come up with specific questions. Like, ‘did it make you feel warm and fuzzy?’ Same goes for concerns you have – ‘or did it seem too corporate’.

Also think about what you are sure of and don’t intend to change when framing questions. If you definitely like the design but are not sure about the colour, ask them specifically ‘what do you think of the colour?’ Tell them what message you are trying to convey and ask them if they get that from the design or copy. If not what did they get from it?

Broad Questions Are Okay

‘If you had one impression from this piece what was it?’

However, you may want to have follow-up questions ready. If you want it to convey that your services are delivered quickly because of the technology you’ve developed, and they got that, you could ask something like ‘but does it make our service sound cheap because it’s so fast?’

Make the Most of Your Community

Asking for feedback from people who represent your ideal clients or peers you trust for business advice is a great idea. Just prepare for it and know you may get some conflicting input. Don’t be reluctant to ask – most people feel privileged that you value their opinion.

Social media provides additional ways to get objective, anonymous and/or professional feedback. You can ask for feedback via the major channels like Twitter and LinkedIn, but there are also great places, both free, like Get Satisfaction or User Voice and professional/paid like EntreBahn (full version coming soon)

PS. It’s a great way to get a little social media exposure too.

Then What?

The best thing to do is gather the feedback and go over it with your creative team, who should be completely open to that. We’d discuss each bit, hold it against the creative brief and objectives, decide what’s important and what’s not, and make some executive decisions.

Marketing To Women. Contrary To Popular Male Belief, There Really Is A Difference

Tuesday, June 1st, 2010

One of our clients has decided that they would like to do a campaign that targets women. As a man who professes to be in touch with the feminine psyche, (with female partners in and aside from business), my assumption was that I would not find all that much of a difference between marketing to men and women.

But the question of what the differences actually could be was intriguing so I decided do a little digging on the good old world wide web.

Now you have to be careful when you research anything on the web, because it is the great equalizer when it comes to information, and it’s really hard to separate the political agendas from the honest information, especially with issues like this. But like anything in life, if you dig around enough, you will start to see patterns of opinion.

Rather than bore you with the longer version of the results I found, I have distilled this research down to what I call “The 10 Commandments of Marketing To Women.”

What you will hopefully find as you read through it is that there is a high level of interconnectivity between all of these characteristics, which is not something you can always observe in men.

Here they are, in my opinion, the 10 most important things to keep in mind when marketing to women.

  1. Women Are Focused On Connections: They look for similarities as opposed to points of difference. They focus on creating cooperation, good relationships and ways to help each other.
  2. Women Trust Common Experience, as opposed to men who tend to put more faith in authority. The reason for this is that men think vertically as in hierarchies whereas women tend to think laterally as in common ground or level playing fields, where everyone can benefit.
  3. Women Prefer Win/Win Situations, as opposed to men who think win/lose. That is not to say they are less competitive than men, just competitive in a different way.
  4. Women Plan Ahead To Avoid Negative Outcomes. As a result women tend to be better long term thinkers and planners.
  5. Women Put More Time And Research Into Their Decisions. This means that if you are marketing to them, you are obliged to do a very thorough job of communicating information to them, as they will take it all into account.
  6. Women Are More Loyal To Those With Whom They Do Business. This has to do with the fact that women are simply much more confident in their decisions, whereas with men, not so much.
  7. Women Refer More Often Than Men. This is an adjunct to 6. It’s a lot easier for women to be good and frequent referrers, because they are more confident in the decisions they make in the first place and because it is more in their communal nature to recommend products and services they are happy with to others.
  8. Women Are Much More No-Nonsense Than Men. If a woman has an objection to something, she will tell you about it and expect you to address it immediately. She is a big believer in testimonials, as opposed to marketing hyperbole because she has highly developed B/S meter.
  9. Women Prefer Stories Not Facts. To women, stories are more memorable than features and benefits. She will relate stronger to stories involving people’s experiences with your product or service. This makes an emotional connection that can motivate them to take action. This means that things like testimonials and product reviews are something they will take a good deal of interest in.
  10. Women Believe That Quantity Is Not Quality. Women tend to look at just about everything in their lives from a qualitative perspective. Quality of life. Quality of service. Quality of products. Quality of experience.

An Wisened Man’s Perspective

Now being a man writing this post naturally puts me at a disadvantage. Because on the one hand, you could look at the aforementioned things to keep in mind when marketing to women and think, well OK, that’s the man’s point of view.

But then I would have to politely correct you because the sources I used to derive this list all come from blogs and web sites that are run by women. Just wanted to clarify that point.

Now if you’re a woman out there reading this, very little here is going to come as a surprise. But if you’re a man, most of this is quite a revelation…at least it was to me. It might be worth reading a couple of times, and seeing if there aren’t some things we men could do to be more like women. Maybe then the world would be less of a ‘dog eat dog’ place than it is now.

Blogging for Professional Services: Make a Plan and Make it Easy

Tuesday, May 18th, 2010

Life Before Blogging

Before blogging, lawyers, accountants and consultants left the marketing work to the marketers. Yes, the management team would work with the marketing team to determine what the firm should stand for and be best at, but beyond that, there was little to do but wait for the marketing campaign to start.

Life After Blogging

Based on the need for “top 5” placement for search, suddenly, every website needs a blog to protect its rankings. And who would be better equipped to do a blog than a professional services firm? Professional services firms are full of subject matter experts that can gain interest and help clients and prospects by blogging about the things that their clients care about.

Except those same experts are often getting paid $500- $1,000 an hour (or more) to do client work. And if the marketing budget includes internal time…things can get really expensive, quickly. Or if the professionals in the firm don’t think blogging helps build business, the challenges can be even greater.

To significantly increase your chances of getting great blog content from your internal experts make it as easy as possible by using the following techniques.

Top 5 Techniques to Get Your Best Bloggers Blogging

  1. Get buy-in. There is no use even starting a blog unless your subject matter experts agree that a blog can and will help build business. A blog is one of the most easily accessible lines of communication a company has, providing exposure to people that actually care about what your experts have to say. People that could easily become future clients.
  2. Solicit help from subject matter experts that are good at writing and communication. Willingness and talent are two different things. If your experts are keen, but not very good at articulating their views, the time spent getting a decent blog post can increase exponentially. If your most expensive talent can create a blog post in 15 minutes, versus someone less adept taking several hours, go for the quick hit.
  3. Create a master plan for the year. How many blog posts should there be? How many contributors? Is there anything happening in your industry that will be big news during the course of the year? What other topics will gain interest, provide value, and help build awareness of your firm’s expertise?
  4. Make the “technical” side of blogging easy. Assign an internal proof reader (or hire an external). Provide coaching on how to do blog entries, or, if your experts are not at all technical, have someone technically oriented post the blog (or outsource). Get your support team to find appropriate pictures. If all else fails, have your expert verbalize their opinions and have someone else write them down. Don’t forget to enhance the blog for search. That too can be outsourced.
  5. Be clear about your objectives and celebrate your successes when those objectives are met. Are you trying to be one of the top 5 firms on a Google search for corporate lawyers in your market? Are you trying to gain clients through your website? Do you want your experts to be quoted in the press to build credibility? Whatever your objectives are, it is critical to keep people engaged and committed to making your corporate blog into a key source of information. That will only happen if there are goals, and you are achieving them.

They used to say it takes seven points of contact to make a sale…

Tuesday, April 20th, 2010

These days that number is much higher due to the massive amounts of sales messages we see in email and on the web. Even in the B2B space – there are lots of newsletters and Google ads, LinkedIn messages, blog posts, etc. Even if that number is now 50, the key is still the same: the more and more kinds of points of contact the better.

What are points of contact?

Any time or way in which someone comes into contact with your company. Including: business card, networking, call from your office, newsletter, website, they see you speak, an ad, blog posts, articles you write, Twitter messages, etc.

The reason I say the more kinds the merrier is because, for example: if they met you once and only continue to receive your company newsletter, it gets monotonous and they start ignoring it. Meanwhile, if they also see an ad, an update pops-up on LinkedIn, then notice you’re speaking as an expert, or spot your brochure on a colleagues desk, then get the newsletter again; suddenly you are top of mind for whatever you do. Plus, you provide more opportunities for them to sell you to decision makers and more ways to refer you (ex: send your newsletter to a peer). You provide more opportunities for them to see your brilliance and understand all of what you do.

I want to do something bold!

This is what a very action-oriented and adventurous client said to me. Doing a specific campaign, something one-time and flashy is great for bringing people into your funnel – the most fun projects for Rapport actually. However, if you succeed in bringing people in, then what? You need to have other points of contact ready to go to keep them engaged and coming back, or leading them to your pre-sale action step. For this particular client once she brings them in en masse, she needs to build trust with them to move to the next step in the buying cycle, so we have to make sure mechanisms for doing that are there to support the initial big effort.

Sounds like a lot of money and effort.

This is also why variety is good. The best thing to make it easier is include items that happen more automatically and can impact a large number of people at once, like a newsletter. The second thing is to decide what marketing things you’re going to do and then plan and budget for them over a quarter, if not a year. An action plan really makes things much less daunting.

Remember, if you don’t plan for and support one effort with other points of contact, you’re probably wasting time and money on the first one anyway.

Bring all that marketing together.

Be strategic and smart. Spend your time and money wisely by planning, making sure you’re talking to ideal clients in the right way, but also by ensuring all your points of contact are leading prospects on a consistent and compelling path towards your pre-sale action step. Rapport has developed a great tool for helping you do this: the Rapport Marketing Map.

Where Do I Start When Creating a Brand Message?

Friday, April 16th, 2010

This was the question a student of Entrepreneurship at Ryerson just posed to me (yes, they teach it now). He’s involved in a fairly new venture and have been doing a number of marketing efforts, but finding they’re not as effective as they should be and recognizing a lack of consistency in look and language from one item to the next. But, they haven’t really identified and built their brand character yet.

‘So where do I start’ he asks. I said besides hiring us to develop a concise brand positioning + character, then creating logos, taglines and a few initial pieces around which we can write guidelines….

Start by looking at what’s working now and what isn’t.

You can start by looking literally at metrics – ex: this email got much more response than the other version. However, I also recommend asking members or the target audience to review different pieces and share which item’s design and language resonates most with them and why. The why is important so you can start to identify specific characteristics. Maybe the graphics are really impactful, the headlines are compelling, etc.

Then, ask them to tell you the opposite – which they were least attracted to and why. Perhaps the colours remind them of something negative and the copy is too long-winded and technical.

Use this as a checklist.

Review all your pieces with a checklist of these basic characteristics and note opportunities to make changes more towards the well-received characteristics and recognize use of the disliked ones. It may be simple changes to copy, or adding small elements like ‘we always have a watermark of the logo icon in the background.’ These things are the start of proper guidelines what you can write up and encourage or insist your own team follows. Good branding gets to the root of the values and culture of the company, so encourage all your people to become the company’s brand stewards.

How do you maintain brand character once you’ve defined it?

Of course, this was the next question. I showed him how we use our Rapport Marketing Map as a tool to help us do that for ourselves and our clients.

You plot out all your marketing tools around a central goal (your pre-sale action step), then imagine someone who’s not familiar with your company enters at any point, say they’ve been forwarded your newsletter. This probably has at least one link to your website. If they go from the newsletter to the website, what is the experience like, is it consistent? Is it the same kind of language? The same logo, colours and other brand elements? Where might they go from there? Maybe there’s brochures or sell sheets to download. Do they carry the brand character, the look and language?

When you look at your existing tools this way you will spot big and small things to change that can really strengthen that path, but also have a guideline or reminder when you add in something new.

Allow for brand evolution.

Companies are constantly evolving, and therefore so must your brand. Just keep it under control. Look at it regularly, you may need to make small changes, or one day a giant paradigm shift. However, use the Rapport Marketing Map to ensure you aren’t making changes on a whim, or because it fits the need of the day better.

Social Media: How Much of it is Hype?

Sunday, March 28th, 2010

Is our fascination with social media driven by hype? My guess would be that most people would say no. But check out the headline that popped into my inbox yesterday:

Survey: 7% of Social Network Users Would Look at Messages During Sex

*Man uses  computer in bed.

Now that’s a committed group…or is it? Yes, social media has set marketing on its ear. Kids won’t leave the house without their mobile devices glued to their bodies and grandparents love their Facebook pages with all of the grandkid’s activities there to see, but does that mean we should be throwing out marketing strategy and putting all of our efforts behind social media?

Marketers would say “of course not”, as they run to their computers to send the next tweet, which must be done for the sake of staying on top of trends. Clients, on the other hand, say something different. Some don’t want to hear about the marketing tactics that have worked in the past. They ask only “what should my social media strategy be?” Others just want a custom Facebook page put up. Fast.

Does your target even use social media?

Busy urban  scene – are clients actually using social media?For some, getting rolling with social media, is mission critical. But for many, social media can undermine other marketing efforts that could be far more effective for the organization. For those selling to other businesses, this is particularly true. Clients are busy. Really really busy. Research we have done on behalf of our clients shows that, particularly at the executive level, people can’t even begin to keep up with their business email, let alone reading articles, going to webinars and conferences and doing the other things that are necessary to keep ahead of the curve in their given field.

Three “musts” before you start

So before you jump into the fray, make sure to:

  • do your research. Tightly identify your target group. Pursue social media statistics that will help with your decision making. Get your sales force to enter into informal discussions about media habits with your customers, or conduct a survey to get you the information you need to find out whether social media will have any impact with your target.
  • determine your objectives. Decide exactly what you want your social media activities to do. Drive traffic to your site? Increase sales?
  • Identify your success metrics. How will you know what to stop, start or continue unless you measure whether you are achieving what you set out to achieve?

So back on the hype thing. That headline about looking at messages during sex…got me thinking…I wonder how many people would say the same thing about TV during sex? Probably more than social network users. But it sure doesn’t make for a good headline.

* Source: http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=124847

Why Face to Face Presentations Work

Wednesday, March 24th, 2010

Design presentations used to be made in person, art mounted on boards and accompanied by a detailed rationale. Concepts had reason and were sold to the client so that they understand the nuance and logic of a concept, beyond just liking it or not. What designers work on in the studio – which can be many different ideas – is the basis for what’s eventually presented, but should not be seen outside. The designer and/or creative director must review all ideas and choose the one that suits the clients needs best, then develop that version for the presentation.

Then, as the professionals, we make the presentation with the recommendation and justification for what is best for that client. Confident that what is about to be presented will answer the clients requirements.

These days many designers create numerous rough designs and email them all to the client to make choices without attempting to inform them on which is the best and the reasons why. Skipping narrowing down the options and presenting the rationale often leads the client to feel the need to direct the designer, ask for many more combinations, tell them what is good or bad and make decisions that affect the outcome of the design.

What’s Wrong With the Client as Art Director?

Clients don’t usually know much about why a design works or why it should be executed in a particular way, or how to avoid letting personal taste intrude on decisions. It easily leads to numerous rounds and a design with what they admire as their personal stamp, but which may well make the design not right for the company and its audience. They just don’t get the great results they could if left up to the experts.

Imagine if a lawyer was defending you in court and sent six documents and said, Here are six versions of how I can present your case, take some time to review them and let me know which you would prefer.” Then you to go back to him and say “take sections from three of the documents and and present another version or two.”

The answer would undoubtedly be “I can do what you are asking but I can no longer stand behind the outcome.” That is that what we would expect from a lawyer since we know little about law.

Trusting the Professionals

Being a good designer takes more than knowing how to operate a computer. It takes talent, knowledge and skill. Experienced designers know what makes for good, effective business-building design! That’s why the designer has to sell the merits of creating the right fit for the future of the company not the individual. By telling the client what it takes, and presenting what the designer believes is the best option, taking client comments into consideration without letting personal ideas over-ride good design that fits the need, builds confidence and rapport between the client and the designer.

This kind of great working relationship often starts with a presentation made in person, or at least by Skype, with emailing a fine option for finalizing the project.

Why the Huge Range in Web Design & Development Pricing?

Tuesday, February 16th, 2010

When discussing a web design quote with a prospect recently, he said, “Faith, to be honest I have three quotes here ranging from a couple thousand to $20,000 and I have no idea why. I don’t know what to do.”

This has come up many times before, and here’s my thoughts on why:

Price ranges from freelancers to web specialty firms.

These different sized cupcakes represent the three levels of web developers

Higher prices seem to come from web development companies – specialists.

In the early days of websites, when it was a mysterious new skill, firms had to specialize in it. It was often done separately from branding or advertising as creative firms didn’t yet have the service in-house. These web development companies were in high demand and charged a lot of money. Web Development companies still have a very strong place as specialists in large complicated websites. Although everyone involved (web developers and creative) soon realized traditional creative and writing skills were still needed and incorporated, it’s often a minor add-on and therefore not a core competency. Believe me, when I have a very complicated back-end website project, I sub-contract to one of these companies myself.

Some clients think they still have to go to specialty web development companies – often by-passing their creative firm – who need to charge a lot to support their business infrastructure, which is just too much to spend for small or mid-sized clients.

Low prices are usually from freelancers.

On the other hand, there are a lot of freelancers out there, especially in developing countries, who can afford to build websites for much less. The downside in my experience is that they’re doing both design and development. Since these are two very different skill sets, they often are not doing one of them well. Plus, they may not have the resources needed to fulfill a robust website; like copywriting and photography. Freelancers are a great resource for start-ups, early-stage or very small businesses, but they often find their company outgrows the freelancers’ abilities. This is how my company grew – I could not meet the demands of my clients by myself.

How to Choose?

I wrote an article a while back that addresses this issue with graphic designers in general, but the same advice applies here.

Portfolio

Look at their portfolio and make sure the samples they show are up to the level of sophistication and standards your business requires to meet your goals, remembering we all show our best work in our portfolios. Look at similarities; with development specialists you often see templates used. This often means a strong back-end, but not necessarily tailored to your brand and strategy. Don’t get caught up in whether or not they’ve worked with your kind of business before, but do look for evidence of similar businesses.

Business StructureBusiness structure – does you web development company have the right team members to create a robust and compelling website to suit your needs and goals?

Don’t be sucked in by a low price or overly-impressed by a list of large, impressive projects. If they don’t have the experience range or manpower to match what your business needs, it can be a waste of money that doesn’t get you what you need, whether the bill is in the hundreds or thousands. Experience range and manpower means design, development, strategy, writing, photography, video, etc.

Natural Rapport

We’re all about rapport and I often tell prospects they should go with who they feel most comfortable with. Do they ask you questions about your business strategy? Do they make you feel you can discuss things openly? Good communication is essential in web projects because they can easily go out of scope. Does it feel like a good fit and you can trust them? Whether it’s your company or just your responsibility, rapport is essential.

Shop Around

We had a client come to us after having a $50,000 site built that they were not happy with (the look of). They asked us to consult and we made vast improvements with what seemed like basic design skill. The site had no special functionality at all, it was a static brochure site that we would have built for $5,000, plus copywriting. The truth is, based on the quality of what they originally got, they could have found someone on eLance to do it for $500. I have no idea who built it originally. We’ve helped rescue web projects from both ends of the spectrum. Not all freelancers are unable to fulfill, there are some excellent finds out there. Not all web developments overcharge and under-deliver. But, if you don’t get at least three quotes, you’ll never know.

Compare Apples to Apples

We all price out websites differently so it can be hard to tell if you’re comparing things fairly. A good firm will not just quote on what you ask them to, but make suggestions that will make your website more robust and useful to people, or add things you may not have thought of like team photography. Ideally this is shown separately and clearly communicated. Disparities arise in situations such as one has proprietary software they rent out, while another quotes the same functionality using open-source code.

Comparing apples of different colours is one thing, but If there is a huge price difference in the ‘same’ solution, they’re likely not both apples, so ask questions. It’s not ethical or legal to show the competition each others proposals with dollars, but you can copy and paste descriptions to request apples.

One final tip: never treat a website as a stand alone piece

Remember that a website should never be done in isolation from the rest of your brand and marketing materials. It is a very important stop in your marketing map and must be considered in relation to how people got there – is it consistent in the message and look, and encourage them to take the next step – which is often the very important pre-sale action step.

Good luck!

How to Set a Marketing Budget in a Mid-sized B2B Company

Thursday, February 4th, 2010

Setting a marketing budget is the best way to keep control of your marketing dollars and plan cash-flow for the upcoming year. However, it’s very common for mid-sized and even large companies not to have one at all, but it can really give your marketing lead, marketing company or graphic design firm the freedom to use it and use it wisely.

So how do you set one? This is often calculated as a percentage of revenue, but it would vary from industry to industry. Go-to-Market Strategies says that 33% of companies spend 3–5% of their annual revenue on marketing, followed by 28% spending 0-2%. That sounds about right.

Looking Back – at Marketing Budgets Past

As a B2B firm, that calculation may shock you, even at 1 or 2%. This leads to my favourite method of calculating your marketing budget – look at what you spent the last year, or three – you may be surprised. No two companies are alike, so use your own history. This would include all graphic design and web development services, copywriting, printing, electronic and print ad space, sponsorships, internal time writing blogs and the like, pens with your logo on it, domain registration and hosting, mailing services like MailChimp or Constant Contact, etc, etc. – probably more than you realize.

Plan for Marketing Budgets Going Forward

Next, decide what you intend to eliminate this year by reviewing your marketing toolbox. What worked and what didn’t work? Click here for some formulas that may help you determine ROI on past marketing efforts.

Traditional toolbox used to represent a marketing toolbox.

You need to know what your pre-sale action step is and roughly what it takes to get people there. For example, if you have X discovery meetings per week, history shows it leads to X sales. What marketing tools helped you get there?

ROI also depends on intention: like awareness versus direct sales. Remember that all companies are unique and expectations vary. We have a consulting company who spends a lot on SEO every month and is happy with one sale per year, because it’s a $60k sale.

Then, see how you can strengthen the ones that worked well or you intend to keep. See previous blog post Think of Your Marketing Tools Like a Journey to a Sale
for some tips on how to do that.

When you review all efforts this way you’ll spot some efforts you don’t intend to continue with. Even with good ROI, our most active B2B companies spend in waves as they wouldn’t be rebranding, revamping their website or doing entire new ad campaigns every year – which is where reviewing more than one year is handy. Calculate an average.

What New Tools Do You Plan to Incorporate?

Factor in what you want to add to the mix this year. Even forays into social media aren’t free, though they’re often touted as ‘free marketing’. You may not have to buy ad space but it takes man hours. What’s your strategy? Who would do it? Do you need outside help in executing or setting it up (like an editor or ghost writer for your blog). The ROI on this type of marketing is harder and slower to recognize as relationship building takes time.

Don’t hesitate to ask your design firm for rough estimates to help with budgeting – you aren’t committing to anything.

Plan for the Unexpected

Finally, build in a buffer for unexpected opportunities. Many clients decide to participate in a tradeshow or sponsor something and are surprised with an offer of ad space they need to now fill. Or, your professional association suggests you provide branded tchochkes for giveaways at a conference. Maybe you hire new people or plan to move and will need more stationery. If you set aside a little extra, it will give you the breathing room to do it well, which often means professionally.

Sidebar: Even when something is unexpected, use your Marketing Map and brand guidelines to make sure it’s not a wasted, or low ROI effort by rushing it.

How a Marketing Budget Helps Us

We often ask clients what their marketing budget is – not so we can figure out how to use all of it, but so we have a place to start from when making recommendations. With no budget, we could easily come up with a proposal way out of a client’s means that would make professional service seem completely unattainable, discouraging all sides. Meanwhile, if we know, we can make appropriate suggestions to help them reach their goals. We can also help our clients avoid surprises as our experience helps us foresee extra expenses they may not be anticipating, which would help them stay within budget.