marketing strategy hacks
Post on 28-Jul-2015
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April Dunford @aprildunford RocketWatcher.com
What to do when all of your
marketing results stink
MARKETING STRATEGY HACKS
Been there, done that,
have a closet full of ugly t-shirts
6: Startups 4: Exits 3: Big Co’s (because, exits) $2B: Exit value 10: Launches 0 - $20M: Budgets
Sometimes it feels like
nothing works
Signs You May Have a Problem Tactical Optimization Can’t Fix
• Growth is stalled.
• Your metrics overall kinda suck.
• Your lead quality is low.
• Your sales team hates you.
There May Be an Underlying Problem
That’s Holding You Back
Example
Situation: Acquisition - inherited team, programs. Responsible for $300M pipeline, $10M budget
Target: banking and insurance CIO’s
Problem: Flat to negative growth
Hypothesis 1: Lousy execution
Action: Optimization freak out
Result: meh
Hypothesis 2: Stale tactics
Action: New tactics testing
Result: underwhelming
Conclusion: “Dude the Economy blows,
let it ride”
Wait, WHAT!?
Then I sit on sales calls to hear my best rep do calls with IT leads…
Could you pass me to the head of sales?
My best rep Me
All My Amazing Marketing
Stuff
Messaging
Email lists
Content
Events
Call scripts
Web content
Ad Campaigns
Landing Pages
Perfectly optimized
for the WRONG BUYERS
Messaging
Email lists
Content
Events
Call scripts
Web content
Ad Campaigns
Landing Pages
Messaging
Email lists
Content
Events
Call scripts
Web content
Ad Campaigns
Landing Pages
It’s Strategy
Hack Time
Advanced
Easy
Market Strategy: 2 Things To Hack Around With
1. Target “Buyers”
2. Market
1/ Finding the best marketing target
Potential Marketing Targets (B2B)
Solution End Users
Managers
Functional Execs
Overlay Functions (IT, HR, Finance)
Cross-Functional
Execs
Who is important
shifts as the market shifts
How to Select the Best Target
1. Who does our value resonate with the most?
2. Who is the easiest to reach?
3. Who has the most influence on a purchase?
4. Which audience is underserved (Where is the competition the weakest)?
Example: Picking a Target
End Users Function Heads
C-Level Execs
Understand the Value
H M M
Easy to Reach H M L
Purchase Influence
L M H
Underserved H L L
Solution: Tool for business analysts to improve requirements management process
Example: Picking a Target
End Users Function Heads
C-Level Execs
Understand the Value
H M M
Easy to Reach H M L
Purchase Influence
L M H
Underserved H L L
Solution: Tool for business analysts to improve requirements management process
Selling Here
Example: Picking a Target
End Users Function Heads
C-Level Execs
Understand the Value
H M M
Easy to Reach H M L
Purchase Influence
L M H
Underserved H L L
Solution: Tool for business analysts to improve requirements management process
But this looks Interesting (and scary)
Can We Really Sell Here?
End Users
Function Heads
C-Level Execs
Understand the Value
H M M
Easy to Reach
H M L
Purchase Influence
L M H
Underserved H L L
Tests:
ü Marketing Content (making the case to your boss for XX)
ü Offerings - Free Trial, Free for end users, managers pay later
ü Pricing Models – per user vs. per enterprise
More deals, higher close rates,
increased pipeline velocity
2/ Finding the best market to position your solution in
Every Product Can be Positioned in More than One Market
VS.
Sometimes the Market You’re
Currently Positioned in
Just Sucks
Market Frame of Reference Signals Many Things to Your Market
1. Competitive comparable
2. What you are good at (and bad at)
3. What your price should be
4. Who you are for
I know what you
are, you’re a Data
Warehouse
But I thought I was a
database!
Market Repositioning Example
Positioning Comparison
Database Data Warehouse
Competitive Alternative
Oracle, Microsoft Crummy startups
Expected Strengths
Be better than my current database at everything
Be better than my database at running a wicked fast query on a big data set
Expected Price
$$ $$$$
Who is This For?
Pretty much every business
Businesses who need to analyze a big data set
Positioning Comparison
Database Data Warehouse
Competitive Alternative
Oracle, Microsoft Crummy startups
Expected Strengths
Be better than my current database at everything
Be better than my database at running a wicked fast query on a big data set
Expected Price
$$ $$$$
Who is This For?
Pretty much every business
Businesses who need to analyze a big data set
How Can You Tell if Your Market Positioning is a
Problem?
Testing Your Positioning
Symptoms Tests
Prospects don’t get what you do
Test messaging that sets you against a different comparison product.
Your value prop is weak
Interviews/Surveys – why do current customers love your stuff? Does it match your messaging?
Prospects think you’re “me too”
Interview/survey customers – what do they think sets you apart? Does that match your messaging?
Competitors are killing you
Interview/survey customers - what was #1 buying reason? Is there a different market that cares more about that?
What is it As short as possible statement that describes what you are.
Target Segment The specific target market you are targeting in the short term
Market Category The market that you compete in
Competitive Alternatives If your customers don’t use you, what do they use
Key Benefit The biggest benefit that your target market derives from your offering
Primary Differentiation The one thing that sets you apart the most from the competitive alternatives
Capture and Revisit Your Positioning
RocketWatcher.com
Thanks! @aprildunford
RocketWatcher.com
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