Personal Differentiation- Part II

B2B, differentiation, Marketing, Product Management, Sales

I look at marketing and sales being part of the same activity group. While sales is done face to face or via phone, in person, marketing is done without being in person.

That being the case, while there has to be differentiation with respect to your products and services, when marketing, when selling the customer should be able to clearly see a value in interacting with you as a person.

In my last post on this topic I listed some points to make yourself more endearing to customers.

If you can be remarkable in your ability to deliver value to the customer, the customer will remember and refer you also.

But the key is that you need to be very good.

Till next time then.

Carpe Diem!!!

B2B Messaging – getting the message delivered

differentiation, Marketing, messaging, Positioning, Product Management, Sales, segmentation

We do a lot of testing continuously on the messaging that we send and we have observed that more that 90% of the times the messaging does not get a response the first time.

We have to continuously keep making changes and do iterations to figure out “what’s working”

If you however analyze the key things whenever you don’t get a response even after sending a sequence of mails, it would boil down to the following :

We have not identified the pain point of the customer and therefore the messages are not resonating
We have not identified the right person
Our mails are not reaching the right person

For each of these one of the key thing is to segment the market so well to begin with, such that you can identify all the possible pain points and then test them.

Similarly if you have segmented the market well and niched it by usage as well, then you should generally be able to hone in on the function which is impacted by your services, quite well. However sometimes in B2B scenarios the challenge is also there because roles may be ill defined or there might be shadow responsibilities. So while there might be a CISO in a company and they may be the public face, the decisions are taken by the CIO or CFO. If you have selected aa small segment then these kind of patterns start coming up and you try to verify the data in advance or send to all the possible functions.

The third is on the deliverability issue if you have the mail id of the right person. I have mentioned this in my posts earlier also. The spam filters block anything which even smells like a spam message or will stamp it with a “marketing mail” stamp. So your message needs to reflect the pain in the least amount of words so that the spam filters think of it as a genuine conversation.

Lastly while email is the lowest cost mechanism to connect, it also has the least efficiency. Due to Covid a lot of the methods to send direct mail like letters and post cards has become tougher to deliver with so many people operating from home. On Linkedin, people may accept your connection request, but if they find that you are trying to sell them anything then they withdraw. So we are stuck with only using email.

If you’ll have come across any better delivery medium for your message, please share.

Till next time.

Carpe Diem!!!

B2B Messaging – sequences

Marketing, messaging, Positioning, Product Management, Sales, segmentation

The job of a cold email is to get a response to validate the quality of the database. That’s it. As I have been ranting, over the last few posts, therefore these mails have to be extremely short and to the point.

Once someone responds, you can start a sequence of mails. Dean Jackson has a very interesting term called “offering cookies” to educate and motivate propsects.

However one key thing I have noticed in B2B marketing is whenever you are launching or marketing a new product, there is a lot of resistance/inertia in the mind of the prospects to change.

The reason for this is the amount of sanctions and approvals, people have to take, from multiple stake holders to get a new thing in place. So people don’t like to bother about software or solutions or technologies which will, at best, offer some incremental change. This is even more true if its for an internal process. So one basic thing to keep in mind is to see how your product or service can dot he job differently and therefore give a dramatic improvement of an internal process.

If its for a customer facing item they may still be open to things which are incremental, if they think, that it will help in better customer acquisition of customer retention. Therefore in these situations, more than the technology part, you should look at the impact on business in your communication.

To work through this inertia or resistance you will need to keep sending a sequence of mails to increase the awareness of the product/service, to drive in a wedge of dissonance with the existing setup that they have and to share case studies on how other adopters have used your product or service.

I have seen cases where we have targeted prospects for more than year – which means at least 18-20 touches, before they even thought of talking to us.

There was a time when people would offer whitepapers as magnets to pull prospects to see their level of interest. Today in the technology/IT arena everyone is offering so much content via YouTube and other social media channels that putting “gates” to see the level of interest can be worthless. This is however my opinion.

As I tell my team, I am also telling you – the market is the final judge. Pls test and see what works in your market. If offering whitepapers via “gates” helps gauge the level of interest of a prospect in your market, by all means go ahead and do it.

However doing a sequence of touch points /messaging is absolutely imperative in B2B marketing. So don’t get disheartened if even after sending out 4-5 mails you don’t get a response.

Till next time.

Carpe Diem!!!

In marketing Less is More – quite often

differentiation, Marketing, messaging, Positioning, Product Management, Sales, segmentation

If you have been observing the posts I have been writing, in the last few weeks, you would have noticed one common traits.

I have been asking you to continuously reduce and sharpen your focus.

In the marketing focus I spoke about identifying a single niche which is small enough for the big players but large enough for you to focus. So we eliminated all the remaining markets/segments and isolated a minimum viable market to start. Once you become successful in one, then you can move to the next segment and so on.

In the B2B messaging that I have been speaking about in the last few days , again, I have insisted on you sending a message which cannot be made shorter for conveying the information or problem. Once you can start the conversation with the recipient, you then have enough time for discussing about the various services that you offer. But there are so many distractions and complexities in our lifes, that if your message will look even slightly complex people will ignore you.

Its very tempting to try and grab as much as possible in the market, to write as much as possible in your message, but that is the sure shot way to not get anywhere in marketing .

Like the master piece sculpture in the picture, if the artist had not chiseled away the unwanted stone, you would notice this sculpture. Similarly for your market remove all the things which reduce your focus.

In marketing , most of the times , Less is actually More.

Till next time.

Carpe Diem!!!