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November 2010 Archives

Five strategies to change a business

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I started working in tech media almost 10 years ago and, though I haven't worked deeply in the sector for some while, the headline in the latest issue of 'B2B Strategy', a US-based publication caught my eye: 'Tech media evolution a bellwether'. The principle point is that innovation in technology has caused a structural shift over the past decade, forcing technology media companies to expand their capabilities by building online advertising businesses,  lead generation and other propositions. Tech media companies have had to lead the way because their customer's media preferences changed first; however their experiences provide many valuable lessons for other business to business media companies.

If you're faced with structural business change, the presentation I gave at last month's Jump Event and last week's Figaro Digital Marketing event may help. I spoke of the 5 strategies that Reed Business Information have used to successfully transform a traditional media company into a digital information business.  Here's a summary from the Figaro Digital magazine.

 

Further information

Keep up to date with trends in digital marketing

Future Free Figaro Digital Seminars

Lawrence speaks at the Figaro Seminar

2011 - the year of the mobile?

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I spoke at the Johnson & Johnson (J&J) Digital Marketing Connections Conference yesterday, together with an interesting line of speakers. I was particularly interested in Tim Dunn's presentation on mobile which I'm sure will be the big focus for innovation in 2011.

Tim presented some compelling evidence to argue that 2011 has a good chance of being the year of the mobile and has moved a long way from the days when mobile marketing was all about SMS.

Tim argued that 'mobile is becoming the remote of your entire life' and outlined some specific tactics that brands can use to take advantage of the opportunity:

1. Apps - there are now apps for everything with evidence that these services are delivering  enormous benefit. In the J&J world, for example, this includes the use by consumers to check and keep track of health as well as what to eat when! Research indicates that 31% of consumers are willing to incorporate an application to keep track of their health.

2. The mobile web - by 2013, there will be more mobile browsers than desktop browsers and Tim showed some research indicating that 25% of consumers would never visit a mobile site again if they had a bad experience.

3. SMS as a tactic to save costs. One company trialed using SMS to remind clients about their appointment. They have seen a reduction of no shows by 1% which equates to a saving of $275k.

4. Ad response - short codes on TV and press adverts is a good way to benefit from the fact that many people, for example, watch TV and surf the web. According to Tim, an estimated 50% of adults admit to doing this. This tactic can be used to engage consumers with a brand relatively quickly, for instance, offering a free sample. Colour Catcher received 34k sample requests against a target of 4k when they tried this approach.

The B2B Marketing Manifesto

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Here's an interesting overview of the challenges and opportunities that lie ahead for B2B Marketing. It's called the 'B2B Marketing Manifesto'  and includes the '6 B2B Staples':

  • Content marketing
  • Analytics
  • A/B Testing
  • Lead Nurturing
  • Search
  • Community

How to work more closely with sales

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Brian Caroll, at the recent Marketing Sherpa event, offered some guidance through a process called huddling. His argument is based on the the idea that works in sports, where the team review their past performance and then use this feedback to adjust their game. In other words, although it may not always seem the case in some organisations, sales and marketing teams have the same end goal: to win new business. Technologies have helped a great deal to bring teams in large organisations closer together, but are there to enable the process. In other words, the technology won't do the thinking (yet) and will only be as useful as the people using it.

B2B Content Marketing: 2010 Benchmarks, Budgets and Trends

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An interesting survey from MarketingProfs and Junta42 on the trend of content marketing, defined as 'the creation and distribution of educational and/or compelling content in multiple formats to attract/and or retain customers'.

The survey aimed to discover how important content marketing is to B2B marketer's plans today; what types of content are used and how effective they are. Three key higher level insights are:

* marketers do consider content to be key to their marketing mix: 9 in 10 organisations use
  content as a tactic

* 51% of marketers plan to increase their spend in content marketing over the next 12 months
  - the picture of course varies by industry. For example, 63% of respondents from the 
  software industry use content marketing for lead nurturing, versus 37% on average

* marketers on average spend over 25% of their budgets on content marketing

You can access the full report: B2B Content Marketing: 2010 Benchmarking, Budgets and Trends report here.