The Price of Marketing is Innovation

Marketing teams everywhere are experiencing a profound disruption. It’s a change in thinking, planning, analytics and platforms unlike anything that we have experienced previously. And while the changes happening to us as marketers are unsettling, far more troubling are the changes happening around us as marketers, business people and consumers. We are living on the pinhead of a transition that is sweeping all before us and swallowing the past as it goes.

Living in a platform age has changed the dynamics of our lives. What was personal has become professional and what was “work” has become, well, less clear. Less defined. After all, we can now “work” from home, from a coworking space or shared office. Even a cafe around the corner from your home can serve you VPN access with a steaming hot cappuccino. We are an always-on, digitally connected, wifi enabled workforce that can transform from knowledge worker to connected consumer faster than Snapchat can forget that selfie you posted to your network of faux friends and friendly foes.

And the platforms have come a long way, taking advantage of four transformative technologies – social, mobile, analytics and cloud. The SMAC model. For years, technology companies have known about the power of platforms – using SMAC to create competitive advantage and commercialising the value across networks. Startups have known this too – though often without clear and incisive strategy. They’re too busy moving quickly across the platforms to harness their potential for scale.

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But this is changing. All businesses are changing.

These days, any business can become a technology business. What was once my consulting business – Disruptor’s Handbook – has become a technology business. We are deeply technology enabled – from CRM to lead and opportunity nurturing, communications management, planning, collaboration and execution right through to business analytics and financial management. The intellectual property that we have created has been downloaded thousands of times and is being put to use in 25 different countries including the UK, China, South Africa, South Korea, Japan, India and Mongolia.

This can only happen because we have embraced the SMAC model. We have apps in the cloud, integrated using pieces of string, chewing gum and a raft of zapier zaps, API calls and pre-made plugins. It means we rely on a dozen services rather than a single suite, but it holds together and works almost flawlessly. Until it doesn’t. But it provides a scale that would otherwise be difficult to achieve without a significant technology budget.

And if we can do it, you can too.

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Swallowing the past

Just when you start to feel comfortable with your technology choices, the rubber bands and sticky-tape that you use to hold it all together, the worst possible thing happens. Well not exactly the worst, but modern marketing’s closest equivalent. A new technology is released. Or an upgrade or a patch. And this new thing is so bright and shiny, you feel like Cory Hart in a film clip straight from the heart of the 1980s. You can’t help but to download it. Sign up. Trial. Share it with friends and colleagues.

And this one new thing makes you question all that has gone before it. Imagine Facebook before it bought Instagram. Or Google before it bought Urchin. These companies are moving so fast, transforming their user experience and brand promise so quickly that we hardly remember what life was like before the change occurred. These platforms are swallowing the past moment by venture-funded moment.

But where do we start? In the marketing technology field alone, Scott Brinker estimates that we are dealing with over 2000 technology choices across almost 50 category areas. In each of those categories we face a dazzling array of choices, capabilities and technologies. So much so, that we often elect to do nothing. As marketers we are suffering from one of our own invented marketing conditions – decision paralysis. We refuse to take a step forward out of a fear of being wrong-footed.

Yes, the future is bright and it is long, yet we are living a constant present.

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Marketing technology – it’s not a footstep but a journey

Traditionally, marketers have always had their eye on the customer. But in the rush to transform their approaches, update their skills and stay ahead of the competition (all while still delivering ROI), many of us have been blinded by the technology light. The problem is that this is not a light. It’s a train and it’s heading in our direction. Marketing technology has put us on a set of rails that are almost impossible to escape from.

But there is a way.

Rather than following in the digital footprints laid out in front of us, we must consciously choose an alternative – the customer journey.

When we start with our customers and their journey it changes the game for us. Rather than generating campaigns, leads and opportunities, we are seeking to understand our customers’ needs, expectations and path to purchase. It’s less about how we sell and more about how they buy. And when we understand this, we can then select the technologies that help us deliver that experience.

How do we do this?

Clearly it requires new thinking and new skills.

Agile marketing and the new world order

In many agencies, agile marketing has been the order of the day for sometime. Building on the old “traffic management” model popularised in publishing houses, digital agencies have been adopting agile methods and approaches to deliver their marketing solutions for years. But in this world of constant change – with a need to swim upstream to where the new sources of business value lie, client side marketers are having to adapt their own ways of working. Out are the old metrics and in are the new. Same with skills. Creative. And technology. Many of our marketing platforms have already been superseded – yesterday’s cutting edge marketing cloud is already burning like acid rain.

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Our increasingly complex world is expecting increasingly complex solutions. We can’t just work in broadcast or print. It needs to be omni-channel. Mobile. We need the best of social and the power of analytics. We need predictive modelling and on-demand forecasting. There are so many new acronyms that we need a new urban dictionary just to keep up. I have been exploring these topics on the Firebrand Talent blog – seeking to match the changing landscape a framework for marketing renewal.

In fact, I am finding my work in innovation is meeting my work in marketing. They complement and reinforce each other. And in the best instances they catalyse and accelerate each other’s effectiveness.

These days the modern marketer has no choice but to create a new world order. Gone are the certainty of ratings and public statistics. Gone are the guaranteed budgets and elastic ROI figures. In are hard numbers, data analytics and real time bidding. It’s like working with an armful of tactics while building strategy on the fly. We can do it, but we do need to ask – is it best for the business and best for the customer? Is it brand-wise?

The time has come to shift not only our thinking but our practice. It’s time that we recognise that customers are not going to buy something just because we interrupted their continuously connected life with the right offer in the right place at the right time. We need accept that we need to build new products for new conditions, not just create new campaigns to spruce up a tired offering. It’s time we stopped talking about “agile” and started “being” agile. We need a marketing system for the disruption that we are all living.

But what is it going to cost? I hear you say.

It’s not a cost. Modern marketing is an investment. And innovation is the price of getting a seat at the customer’s table.

Bringing the Glitz to B2B Marketing #b2bmktg16

B2B marketing is often seen as the nerdy, slightly less glamorous cousin of B2C marketing. And sure, there are fewer celebrity endorsements and precious little in the way of mainstream news and media coverage. We often struggle to even get a write up in Mumbrella, unless something goes wrong.

But a quick search on LinkedIn reveals that there are at least 65,000 B2B marketers working in Australia. They cover a wide range of functions, from social selling to demand and lead generation through to content strategy and marketing, marketing automation, customer experience and analytics. Those working in B2B marketing know it is a constantly changing field – with exacting business and stakeholder demands, expectations of strict ROI, exploding content and channel opportunities and and ever shifting technology opportunities, risks and costs.

No wonder B2B marketing is a challenge.

But for many of us, it is a challenge that drives us.

Come to the B2B Marketing Leaders Forum

Despite the fact that we work in teams, B2B marketing can be a lonely profession. It doesn’t get the focus and attention that other marketing disciplines receive, marketers are time poor and under pressure, and there are competitive issues that we struggle to be able to talk about openly.

Wouldn’t it be great to be able to meet other B2B marketers? Share stories? Learn from the experiences and case studies of others?

Well, here is your chance.

I am chairing the first B2B Marketing Leaders Forum APAC this May. We have put together a brilliant agenda, sourced world class speakers locally and internationally and are crafting a conference experience that will both inspire you and your teams and provide you with practical insight you can bring back to the office.

Book in now. And let’s bring shine some light onto the brilliance of B2B marketing.

I look forward to seeing you there!

When Your Dev is the Centre of Your Universe

I like to think that when I ran a digital agency that my team loved me. I like to think that my demands were, for the most part, not unreasonable. Or that my scoping and project planning came close enough to achievable. But I also know that my expectations would sometimes be unreasonable. Or that “going above and beyond” really did mean going to the CEO’s house.

The thing is, marketing without IT is almost impossible now. Imagine if you had to revert to faxes (what are they?). Or hand drawn mock-ups. Or “camera ready art”.

This is why marketers and technical teams need to work on better relations. We need better ways to communicate. And even just respect some professional boundaries.

Will it happen? It can. And it needs to. Because your dev is the centre of your universe.

11 Types of Content to Make Your B2B Marketing Sing

Be under no illusions – content marketing is hard work. It takes planning, resources and focus. But it is also one of the most rewarding forms of marketing that you can do professionally and individually. Not only does content marketing challenge you to clearly communicate – it often brings you up close and personal with customers as well as your sales teams.

These meetings give you the chance to listen, absorb and understand the challenges that people have in their work. And if you are lucky – and creative enough – you can design content that will help them solve that problem. Or understand a solution better. Or simply just bring a smile to their face.

Content marketing is a performance

When I studied theatre I was fascinated by the way that text on a page could be brought to life by an actor. I loved listening to the way that words could be rolled around the mouth and thrown into an audience. A good text in the hands of a great performer can take your breath away. Brilliant writing when coupled with an electrifying performance can change lives.

Now, I am not saying that your content marketing needs to profoundly change lives. Done right, it can. But you do want your content marketing to stand out from the crowd. You want it to become indispensible to your audience. And for that it needs to perform.

This infographic from Feldman Creative is a great reference on the 11 types of content that can help your marketing perform better. It includes handy information on benefits, costs to outsource and even a couple of power tips.

What are you waiting for? Get planning and then producing. There’s an audience waiting.

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Surprising differences between B2B and B2C marketing

The Econsultancy and Adobe report on  “B2B Digital Trends 2015” is based on a survey of more than 800 global B2B digital marketing professionals. Seeking to understand the key priorities, trends and challenges for B2B digital marketing, it contrasts the B2C focus to reveal  similar priorities – but with a couple of key differences.

First up, the “no surprises”:

  • B2B marketers focusing on content marketing and customer experience
  • B2C marketers are excited by mobile (at 16% they’re way ahead of their B2C counterparts at 7%)
  • Personalisation and big data battling it out for 3rd spot.

There are, however, some interesting aspects relating to B2C content marketing and mobile:

  • B2C marketing differentiates experience through personalisation not content. With a limited focus on the customer journey, B2C marketers are choosing personalisation and big data to differentiate their offerings from their competitors. In my view, B2C content marketing still provides great value but needs to be rethought and reimagined (ie it’s simply not good enough to “digitise” media).
  • Mobile is hot for B2C. Not unexpected. BUT just as B2C marketers need to improve their understanding of content marketing, B2B marketers could learn a great deal from B2C mobile strategy. “Future ways of working” initiatives are transforming today’s businesses. Built on a platform of social, mobile, analytics and cloud (SMAC), mobility is obviously a key pillar of this transformation. Expect to see more traction than the research would suggest.

Finally, some surprises:

  • B2C need greater focus on marketing automation: These days, marketing at scale requires automation. It also requires strong analytics and customer journey mapping. Not paying attention to these areas actually opens the door to market disruption by faster moving competitors.
  • Location based services scrapes the bottom of the barrel. In last place, I wonder whether marketers simply don’t understand the promise and opportunity of location based services. Considering customer experience ranks as the second most important category, there appears to be a disconnect between what customer experience can be and its method of delivery. Location services bring these together via a range of devices including smartphones, beacons, wifi and analytics. As marketers build more practical digital experience, I expect to see these figures improve.

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Organic Search Remains King in B2B

If you are looking for marketing advice, you don’t need to look very far. There are literally hundreds of marketing blogs, websites and platform vendors who offer up various levels of expertise and advice. So no matter whether you are an enterprise marketer or running your own business, you’ll easily find some ideas, strategies and systems that will help you activate your plans. BUT the question remains – with an abundance of information, who do you trust?

It’s often tempting to look beyond your usual marketing consultants or agencies for new ideas. But facts can be skewed or reported from a number of angles, and the grass really can appear greener when pitched the right way.

The challenge for marketers is to look beyond the facts and figures to understand the shifts and movements that are taking place. We need to look for the underlying behaviours that explain the facts and map this to our own businesses in a meaningful way.

Now, I have believed for some time that quality content is a fundamental requirement for successful marketing programs. But in the shift to digital, this need has been amplified – after all, we are know for what we produce. No content = no presence.

So in many ways this infographic from inbound marketing platform vendor Optify confirms my thinking – that organic search (and therefore content) is the most powerful driver of traffic to B2B websites. They analysed 62 million website visits, 215 million page views and over 350,000 leads from small and mid-sized US businesses to identify the trends in B2B marketing in 2012.

BUT the question remains? Does this ring true for your business? Does it match to your experience? And what are the movements that you are observing in your customer base? That’s where you should be looking.


2012 B2B Marketing Trends

The Mayan Apocalypse? No, Just Eloqua’s Early Christmas Joy

Sneaking a last minute deal in before the holiday break, Oracle announced an $871 million acquisition of marketing automation vendor, Eloqua. Representing a 10x multiple on Eloqua’s annual revenues, it marks the first of what is likely to be a string of consolidations in the marketing technology space over the next 12 months. The deal is expected to close in the first half of 2013.

  • A win for Eloqua customers that comes with a catch . This deal looks set to accelerate the Eloqua solution roadmap with Oracle bringing additional focus and resourcing to solution improvements already slated for 2013. That means that existing customers can more readily tap the customer experience functionality that supports front of house operations through Oracle’s existing sales, service, commerce and social foundations as well as the big data and analytics capabilities that are vital to the digital marketer’s credibility. Many Eloqua customers will have made companion investments in Salesforce and will be keen for ongoing reassurance that integration will continue to be supported.
  • Oracle secure a beach head beyond the IT line of business.The acquisition significantly bolsters Oracle’s marketing credentials – adding mature, cloud based marketing automation capabilities to their Customer Experience Cloud offering. Eloqua’s strength has been its strong connection with the marketing departments at its 1200 customer locations, and this provides Oracle’s sales team with a vital beach head beyond the IT line of business. And with the projected shift of technology budget from the CIO to CMO over the next two years, this will be essential to the longer term success of the Oracle’s Customer Experience Cloud and the previous Market2Lead and Vitrue acquisitions.

Why marketers should care

Marketers have fallen behind in the technology stakes – suffering under the weight of outmoded marketing models and outflanked by their fast moving, tech savvy, connected customers. This announcement brings yet another level of change and signals a new wave of consolidation and innovation that will challenge marketers in the year ahead.

On the positive side, the investment in thought leadership and focus on marketing technology coming from the likes of Adobe, IBM and Salesforce is helping to educate and mature the market. This will not only assist CMOs to formulate business cases and justify technology and skills investment through 2015, it also provides fertile opportunity for the marketing automation vendors like Act-On, Hubspot, Marketo and Neolane.

Where next?

Oracle has thrown down the gauntlet to the other enterprise software vendors. Who will blink first?

The acquisition has revealed a gap in the Salesforce marketing offering. SAP is nowhere to be seen. And Adobe and IBM can no longer afford to sit on their hands. Oracle’s bold move may have brought Christmas early to the team at Eloqua, but does it usher in the Mayan Apocalypse for enterprise marketers or represent a new dawn? 2013 is just around the corner.

Eloqua has released a FAQ and an announcement deck that can be downloaded from their blog.

The Long Trail of Digital’s Long Tail

For the last couple of months I have been researching the digital marketing automation market – speaking with vendors, watching demos, listening to customers and analysing features, statistics and case studies. It’s a crowded market with a wide variety of feature sets and capabilities.

But if there is one thing that is obvious in all the noise, it is this: while the technology has matured, digital marketing skills, capabilities and processes are comparatively immature.

Marketing automation software delivers impressive outcomes:

  • ROI: Identifying, nurturing and delivering warm leads into your sales funnel gives your marketing a direct line to ROI. This path to revenue provides marketers with the confidence and knowledge to understand what works and what doesn’t when it comes to digital marketing investment
  • Accelerate marketing maturity: marketing automation requires a certain level of process maturity in your marketing. For businesses where process has been lacking or alignment with sales has been ambivalent, marketing automation can deliver a relatively quick win
  • Generate uplift through omni-channel integration: many marketers focus on “last click attribution”. But we rarely make single click decisions – especially on more expensive purchases or when we are in a B2B situation. Integrated or omni-channel marketing has been shown to significantly impact revenue and pipeline.

The presentation below is a case study of one of Marketo’s own omni-channel campaigns. It reveals that the digital long tail is indeed, a very long trail. But careful planning and management can, with targeted content, deliver value across your marketing programs – not only for your digital work.

Interested in marketing automation? If you are interested in my upcoming marketing automation report, contact me here or sign-up for access to the Constellation Research Library.

 

Reduce Marketing Risk with ADMA’s Compliance Hub

With recent changes to Australia’s privacy legislation, marketers now face a slew of regulatory responsibilities or risk significant fines of up to $1.1 million. Marketers and advertisers have been given 15 months to comply with the recent changes – and the Association for data-driven marketing and advertising (ADMA) has launched the ADMA Compliance Hub to assist in the process.

Part of the ADMA Knowledge Lab, the site contains:

  • News and updates
  • Video and whitepapers
  • Categorised forms, best practices
  • Webinars and guides

ADMA Compliance Hub

Covering a broad range of marketing compliance topics, the Compliance Hub is a welcome resource for time poor marketers. A quick review of the Online, Mobile & Social section revealed checklists for cloud computing, a group buying code of conduct and a model social media policy. And while the data and privacy section is top of mind for Australian marketers at present, sections on competitions, voice and email will come in handy as 2013 marketing activity shifts into high gear.

For companies new to the Australian marketplace, the Compliance Hub will be a welcome resource. Access is available to all advertisers and marketers until February 2013 – and then it will be closed off and available only to ADMA members.

Space Invaders to Angry Birds: Social Selling and the Transition from Open Networks to Closed Communities

I recently spoke at the Social Media Plus conference in Philadelphia. My topic was “social selling” – but rather than just taking a simple route and providing a case study, I thought it would be more interesting to try something different. I wanted to tell the story of my work with SAP’s Premier Customer Network – an unfolding story of our efforts to become a “social business”. But how best to do so? What would resonate?

My colleague, Anand Ramachandran had recently created a presentation using Angry Birds as a metaphor – and on reviewing this, I knew I had a hook. If social media/social business is a “game changer”, then clearly that game is Angry Birds. And the deeper I looked, the more I found.

Here is the presentation – together with a speaking track to fill in the gaps. It looks at what it takes to move from the business simplicity characterised by games like Space Invaders to a complex multi-stakeholder sales process – which is closer to Angry Birds. Along the way I discuss sales process, people enablement and the benefits of connecting open networks with closed communities.