Archive for the ‘Startup Marketing Strategy’ Category

18
Oct

5 tools to measure competitive marketing

written by Scott Olson

Marketing when done well always has a healthy dose of analytics and feedback. Understanding the impact of your marketing efforts is critical in determining where to allocate your budget and time. One area that can be particularly illuminating to both your management team and board is around competitive marketing. Understanding how you are doing relative to your competition can provide valuable feedback on your own and your competitor’s progress.

Here are six tools I like to use to gauge how companies are doing relative to competition with their marketing initiatives:

  • Compete – One of the best sites for measuring competitive marketing is at compete.com. They started as a site that allowed you to analyze website traffic across multiple sites, but have evolved into much more. They provide tools to help you measure search analytics, referrals, keyword analytics, and a wealth of marketing tools. This is definitely one of the most useful competitive marketing analysis sites I have found.
  • (more…)

Relationships are the currency of the modern economy. Wow! When I read this in the article, “What’s the ROI of a Business Relationship?” it really got me thinking about how companies market themselves, and how business is really all about relationships.

Today’s warp-speed business environment seldom allows any time for B2B companies to really get to know their customers beyond the mutual interest of doing business. The daily pressures of sales and hitting our quarterly numbers keep us at such a rapid pace that we really don’t get to know our customers the way we should — as people. Sure we’ve been to their offices and we understand their business issues, but how well do we really know them?

The new book, It’s Not Just Who You Know by Tommy Spaulding explores the importance of business relationships in what he refers to as Return on Relationships (ROR). It’s an engaging concept, to say the least. (more…)

For young companies starting to leverage social media to spread the good word about themselves and connect with potential customers, a common mistake they make is saying too much at once. In a world where first impressions count, the same applies in today’s fleeting digital universe. Customers simply don’t have the time to listen to everything you have to say in a single post. In other words, if you don’t catch their attention in a hurry, they’ll simply move on to the next feed, blog or Tweet that sounds more engaging and relevant to what they do. Here are a few things to think about when generating content for your next blog, Tweet or Facebook post.

Catchy headline: With the average screen time just a few seconds, you have to connect with the customer fast. That means the headline alone can make or break an opportunity. Keeping your headline or subject line simple and catchy is critical to getting your reader to take the next step.

Break it down: Remember that drop-dead gorgeous guy or girl you once saw across the room and when you started talking to them you couldn’t get away fast enough? Listen, as marketers we’re always tempted to tell the world everything we do and how we solve all of their problems. But for customers, it’s simply too much to digest in one sitting. Stick with a few strong key points or messages that can lead them in the direction you want them to go.

Appropriate length: As I mentioned earlier, while you might catch their attention with a clever headline, keeping their interest all the way through is another challenge. There is no set rule for how long blogs, LinkedIn or Facebook posts need to be, but keeping it concise is always something to keep in mind. Highlighting your key points using bullets or simple illustrations can also help deliver your message quickly, so they can take the next step you ask them to (see Call to Action).

Using the right tools: While I can spend another blog discussing this one, the tools you use to connect with your customers are critical. You don’t want to walk into a Red Sox Nation convention wearing a Yankee cap, right? Understanding where your target audience is, where they are doing their research, the online social communities they’re in, these are all critical pieces of information you need to find out to make sure you’re investing your valuable time with the right social media tools.

Always have a Call to Action: This simple marketing rule has been around forever, and for good reason. Customers won’t take action unless you tell them what to do. Make sure your call to action is seamless, such as a single click directly to the webpage you want them to go to. That only takes a few seconds, which is never out of the question when you’ve got your reader engaged.

As an online B2B marketer, social media is merely the tool you’re using to connect with customers and keep them engaged. The goal is to move them along to bigger and better places such as your website, or even better, your office. Figuring out the most effective tools to reach out to your customers and market to them is essential to achieving your social media objectives. I’d love to hear any tips you have for developing quick and effective messaging in your social media campaigns.

There are lots of lessons to be learned from Seth Godin's new book and promotionThere are all kinds of books and experts who will show you how to use social media and your community to promote your product. Certainly product promotion has changed, the power of advertising has diminished and leveraging the interconnected nature of your user community is a must for a social media launch.

Rather than generate another in a long line of posts of how to do this, I thought I point to a great example of someone doing this right now. Seth Godin is promoting his new book, “Linchpin“, and is leveraging his considerable network to get the word out.

In advance of the launch of his latest book, Seth Godin asked the followers on his blog to contribute $30 or more to the Acumen Fund and in return he would send the first 3,000 contributors an early copy to read and review. I signed up for my copy and should be receiving it this week.

This is a brilliant promotion and leverages grass roots support to get the word out about his book in contrast to traditional costly marketing campaigns. Now, Seth Godin is one of the top bloggers on the net and has a huge following, but here are some things we can all learn about his approach to generating buzz for his new book: (more…)

This is an old clip, but in honor of Apple’s iPhone officially passing Windows Mobile market share I thought it was worth pulling back up Steve Ballmer’s original reaction to the announcement of the iPhone.

This may be one of the worst examples of a CEO talking about a serious competitor that I have seen. The mocking laugh and outright disregard, for what anyone with any foresight could see was going to be a serious competitor, is inexcusable. If I were a shareholder of Microsoft, which I am not, I would be outside Ballmer’s office with torch and pitchfork for forfeiting a 9 year head start in the market to Apple because of lack of vision.

Want to avoid sticking your foot in your mouth? Here are some guidelines for positioning against the competition: (more…)

Gaining good press is an important objective for most startups. It is a good way to reach a large audience and has a credibility beyond paid advertising. That said, PR agencies can be very expensive. Most don’t like to start working with startups for anything less than $5,000 per month and usually target relationships that are north of $10,000. For early companies, this is simply out of reach.

Ken Westin, the founder of GadgetTrak, has had impressive results in getting press for his company without the aid of a PR firm. Despite being self-funded and entirely bootstrapped, Ken has managed to get his company and product featured nationally in such programs and publications as Dateline NBC, Good Morning America, CBS Evening news, Forbes, Newsweek, NY Times and others. This is an impressive list that would make any company envious.

How did he do it? Here is what Ken recommends: (more…)

Top five benefits to startups from talking to customersSeems like a simple mantra, but it is amazing how often it doesn’t happen. Here’s a quick test. How many people on your leadership team, say director level and above, have communicated with a customer or prospect this week? If your answer is zero then you ought to be worried.

Customers are like high paid consultants with specialized knowledge and connections in the industry you sell into, deep familiarity with your own and likely your competitor’s products, and hands on experience with the problem you are trying to solve. To top it all off, they won’t charge you anything to help you make your product better. Why wouldn’t you talk to them? (more…)

I came across this video on TechCrunch in the article “This Microsoft Store is Trying too Hard.” Let me apologize ahead of time if this video is simply too much to take.

Microsoft isn’t trying too hard here, actually the opposite is true. This is evidence of Microsoft simply not trying hard enough. They haven’t taken the time to understand what has made Apple stores so successful … their products. What is funny to me about this is that this is an extension of the misunderstanding that what Apple has is a “cool” factor that is driven by glitz and design. Apple does have great design, but that is simply a wrapper for insanely great products that their customers love. The greatness comes not from shallow looks, but rather from the simplicity and relentless focus on the customer experience. Apple gets simple.

(more…)

16
Nov

Do startups need VPs?

written by Scott Olson

I came across a link to a segment of a talk given by Steve Blank this weekend on VentureBeat titled “Start-ups have no room for VPs.” In it was this short video segment where Steve explains why startups shouldn’t look like “junior versions of large companies.”

Steve is compelling when explaining why the model used by larger organizations simply doesn’t work with startups. VPs aren’t VPs, they are on the “customer development team.” The job is not scaling an organization in a startup. The job is validating the market need, refining the product, and ultimately establishing a repeatable sales process that has been proven to be successful.



I have been thinking about this a lot this weekend and find myself conflicted. (more…)

13
Nov

How to produce affordable corporate videos

written by Scott Olson

I’m an advisor for GadgetTrak and their founder, Ken Westin, recently showed me a video he produced for the grand total of $250 if you don’t count the cost of the FinalCut software ($250) and Flip HD camera ($200). It is a pretty amazing piece of work for something he did himself using low cost tools available to everyone.

GadgetTrak Laptop Security – HD Version from Ken Westin on Vimeo.

(more…)

Stay in the loop!

subscribe to posts
Would you like to keep up to date on new MindLink Marketing content? Look no further.
Just click the orange RSS icon to the left and subscribe using your favorite feed reader.“

twitter

Follow us on Twitter!