by Fronetics | Feb 24, 2016 | Blog, Content Marketing, Marketing, Strategy
Putting together digital marketing pieces in a way that fully meets regulatory requirements can grow your business exponentially.
There is a misconception that companies within a regulated industry are denied the benefit of digital marketing. These businesses often hide behind their regulations, simply because it is easier than working with them to create new avenues into the digital realm of marketing and company branding.
Is your marketing antiquated and stuck in the past? Could you be using regulations as an excuse to avoid change and stepping into the digital age? Are you really restricted from having an effective social media presence?
The facts say that you are not.
Regulated industries, such as those in the financial management realm, can be creating a very personal connection and presence with their customers, and therefore developing a competitive advantage. But, they must be willing to take the initiative to change how things are accomplished, to re-organize, and to create a cooperative strategy within their organization. Your mission, should you choose to accept it, is to tackle content marketing in a manner that fully upholds your regulatory standards.
It not only can be done, but the companies who successfully adjust can grow their businesses exponentially. In fact, other companies within your industry are probably already proving this to be true. A recent study indicated that that 77% of respondents from companies across industries planned to increase their digital marketing budgets in the coming year.
So, how does a business in a regulated industry — with restrictions on things like publishing, advertising, and even how interviews can be conducted — overcome these challenges and become a content marketing machine? How do you deal with the fact that every piece of content must be reviewed by an attorney or an outside compliance agency? How do you promote your business when there are even restrictions on customer testimonials?
First, marketing in today’s digital environment will require an overhaul of your strategic planning (aka, how you do things, and perhaps how you have always done things) and the release of any fear you have of digital marketing.
Creating an environment conducive to digital marketing
Here are a few tips to support this change:
- You must create a management environment where the swift development of rich content can thrive. In regulated industries, this probably means you need fast and effective access to an attorney, who can read and approve new content for public consumption within a couple of hours.
- You need to create a smooth, reciprocal interaction across these departments, with a focus on a more efficient operation and mutual support of the approval process.
- You need to invest financially in a solid strategic plan for your digital marketing. It takes money to make money, so to speak. Consider teaming up with a firm of talented individuals from outside your industry, who specialize in how to create digital content customized to your target demographic. This team should have the capability to analyze content performance metrics and to guide your digital presence to achieve optimal results. Their services should provide you a customized content plan, increase your customer engagement level, and develop a digital presence for your company that meets regulation standards for your industry.
- Your content writers and management team needs to be well-versed on the latest data and statistics, as well as your overall marketing initiatives, so they can produce content based on the latest facts and figures that will attract new customers. Essentially, they need to know what your new customers want and have the data available that will garner their attention.
Once you have paved the way, your company can begin to benefit from the creation of a blog, eBooks, and other digital presentations.
So how do you make it happen? How do you begin to access these modern marketing techniques in a regulated industry?
- First, your leadership team must be on board, ready to embrace change and to learn to communicate in new ways. If this is not something you can see happening because mindsets are stuck in the 1990s (pre-social media age), then you should educate stakeholders on how social media can impact a business’s growth and success.
- Redevelop the marketing department and provide the resources necessary to stay compliant and obtain necessary legal approvals quickly and efficiently.
- Befriend the legal department. They should be part of your support team, not a challenge you must overcome. Remove old paradigms and replace them with creative solutions, like an interactive spreadsheet shared between marketing and compliance to speed up the social posting process. Make marketing and compliance part of the same team, one that works together to seek solutions, alternatives, and compromises.
- Give it time. This is a big step in the right direction to align long-term strategies to better reach a new set of consumers. But it does not happen overnight. Plant the digital marketing seeds today and reap a crop of new customers tomorrow.
If you are in a regulated industry, the time to embrace change and step into the realm of digital marketing is now. Those who learn to evolve, to think creatively to find solutions, and to face new demands as a team are the ones that will rise to the top of their industry and experience a competitive advantage that supports future success.
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by Fronetics | Feb 22, 2016 | Blog, Content Marketing, Current Events, Marketing, Strategy
Content marketing grew one real estate marketing firm’s sales by 300% in less than a year.
Consumers are increasingly going online to conduct research before making a purchase. And that holds true for even the largest investments.
The National Association of Realtors reports that a whopping 94% of Millennials who recently purchased a home relied on websites in their search process. And that’s not just a generational phenomenon — the majority of Baby Boomers (84%) and 69 to 89 year olds (65%) did online research while seeking a new home as well.
Real estate marketers have an enormous opportunity to get their properties in front of more potential buyers through content marketing. With an inbound marketing strategy, customers who are looking for a property like yours will come to you through their own online research.
Take, for example, this case study about a prominent real estate marketing firm in one of the most competitive markets in the U.S. When traditional tactics weren’t bringing in the kind of business needed to sell 1,500 new-construction homes in a new planned community, the firm turned to a new content marketing program to increase web traffic and build brand awareness.
The results were almost immediate. The new digital and content marketing efforts drastically increased web traffic, conversions, and sales. In just 90 days, sales had increased by 37%, and in less than a year, a whopping 300%. At least one-fifth of buyers were sourced directly from the website.
Download this case study to learn more about how content marketing helped the real estate marketing firm drive traffic to their website and increase sales.
by Fronetics | Feb 17, 2016 | Blog, Content Marketing, Manufacturing & Distribution, Marketing, Social Media, Supply Chain
The US manufacturing index is at its lowest level since 2009. This is sobering news for the industry and for the economy. Within the industry, it is clear that the road ahead is not flat, straight, or even smooth. For companies to not just survive, but to also succeed, action needs to be taken.
In August 2015 Bruce McDuffee, Principal at Knowledge Marketing for Industry, released the second edition of the Manufacturer’s Growth Manifesto. If you haven’t read this, you need to do so – today. In the Manifesto, McDuffee spells out how manufacturers can achieve growth rates of 10%, 20%, and even 30%.
The key to attaining a double digit growth rate is changing your marketing strategy and adapting to buyers’ new habits. Specifically:
- Stop pitching products and start helping people.
- Start educating your audience utilizing your particular experts and expertise for FREE.
- Stop advertising product features and benefits of a product.
- Start promoting your useful, helpful papers, webinars, seminars, videos, etc. (not product information) to foster meaningful engagement.
- Admit to yourself and your team that your products are perceived as a commodity and it will take more than product revisions, releases and enhancements to gain the attention of your target audience.
McDuffee concedes that for those who have not previously embraced and engaged in this approach to marketing, “You may be thinking, WTF?”
It may seem counterintuitive, but the results are real. Your company will be able to achieve those double digit growth rates and realize these benefits:
- Reciprocity, credibility and trust in the minds of the people in your target audience.
- Top-of-Mind Awareness (T.O.M.A.) in the minds of your prospective customers so they remember your firm first when the day comes around and they need to buy.
- Higher prices, more sales, more market share, and higher growth rates.
Success, however, depends on believing in this approach and incorporating it into your overall business strategy.
Research conducted by the Content Marketing Institute (CMI) found that while 82% of manufacturers use content marketing, only 26% say that their efforts are successful. A lack of buy-in/vision from higher ups is one of the key challenges identified by CMI. Another challenge that was reported was creating and executing a strategy; only 20% of respondents reported that they had a documented strategy. Notable though, is that 58% of the most effective companies reported that they have a documented strategy.
This approach is not relevant only to manufacturing. Companies across industries and verticals should take notice. Cerasis, a top North American third party logistics company offering logistics solutions with a strong focus on LTL freight management, shifted their marketing strategy and realized positive results. Within 25 months Cerasis realized a 14% increase in revenue. This increase was directly attributable to inbound marketing. In addition to this stream of revenue, the company’s sales team was able to generate revenue totaling $20 million during this period – more than double the previous two years combined.
Those numbers are not small potatoes. If you haven’t checked out the Manufacturer’s Growth Manifesto, make the time.
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This was originally published on Electronics Purchasing Strategies.
by Fronetics | Feb 10, 2016 | Blog, Content Marketing, Marketing, Strategy
A good call to action will help potential leads feel compelled to choose your offer over your competitors’ offers.
If you feel your marketing campaign falls short in generating quality leads, you are not alone. Typically one in 10 marketing professionals questions the effectiveness of their lead generation methods. While you may have some of the components of a strong campaign in place, it is possible that you are leaving out a very important ingredient for success: a call to action (CTA).
CTAs are vital in any tactical marketing campaign. This is where you actually ask for your potential customer or client to take some form of action that moves them one step closer to your objective: connecting them to your company.
Say that you offer potential customers a high-value offer — like an ebook, whitepaper, free consultation, or discount — as a lead nurturing tactic. If you do not include an actual call to action, the customers have no direction for obtaining the offer, and you are probably missing out on a myriad of quality leads.
What makes a good call to action?
Not all CTAs are created equal. You are competing with every other brand in a fight for the attention (and choice) of consumers, so it’s critical that prospects feel compelled to choose your offer over your competitors’.
- Calls to action are the secret sauce to driving people to your offers. If your CTAs aren’t effective at capturing people’s attention and persuading them to the click, then no matter how impressive your offer is, it is rendered useless.
- Typically, a good call to action can be used on product pages (non-landing pages), in display ads, email, social media, direct mail, and pretty much anywhere you can market your offer.
There are several tricks of the trade to creating a highly productive CTA:
Location, location, location
Just like with important news, the placement of your call to action should be “above the fold,” or, high enough on the page so the reader will not have to scroll to see it. It is also good to have a second CTA located further down within the offer.
Clarity is key
Do not try to be so clever with your words that your offer gets lost in translation. State the offer very clearly and be specific. Don’t just say “download now,” but rather, “Download you free e-book.”
Make the CTA stand out
Choose contrasting colors for your call to action so that it draws the attention of the eye and does not blend in on the page.
Link to a landing page
Send potential customers to a targeted landing page that is relevant to what they are looking for. Your call to action should send them to a page that will convert them into a lead. Landing pages are one of the most important elements of lead generation. In fact, according to MarketingSherpa’s research, landing pages are effective for 94% of B2B and B2C companies.
There are many innovative methods to increasing the number of quality leads a marketing plan generates. The trick is in knowing how. For more proven tips, download The 30 Greatest Tips & Tricks That Will Change The Way You Nurture Leads to learn the best ways to improve the productivity of your marketing strategies.
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by Fronetics | Feb 9, 2016 | Blog, Content Marketing, Leadership, Marketing, Strategy
Identifying content spokespeople outside of executive management can improve the product and alleviate C-suite stress.
Often people think they’re the only ones who can do their job or, at the very least, that they’re the ones who have been doing it and know it best. And some C-suite executives forget the people working around them — when, in fact, those are the very employees who could help them do their jobs better.
Joe Fuld, president of political and advocacy advertising agency The Campaign Workshop in Washington, D.C., has wise words on the subject: “As a business owner, I like to think that the business has a lot to do with me, but I have realized it has just as much to do with the people who work with me.”
Months ago I asked an account manager to be on a call with me to discuss an editorial calendar with a client. She was new to the account, so I thought it would be beneficial for her to listen in. A half-hour into the call, I saw her notepad with at least 20 new ideas for articles, white papers, and blog posts. By the end of the meeting, the list had grown to 40, and they weren’t just simple ideas — they were complex, thoughtful, and fresh. This wasn’t her role, but she dove in and helped to create the strongest editorial calendar to date. The client was pleased; I was thrilled.
The same experience can be true for a management team Strategically identified content spokespeople assisting senior management could help alleviate some of the stress C-suite executives face — and add new ideas to the pot.
Senior management are often extremely busy and may not be hearing the breadth of information and news that some of the lower-level professionals are exposed to. It’s true that too many cooks in the kitchen can spoil the meal, but, if chosen strategically, employees acting as content spokespeople could make your life easier and make the product better. Their investment and loyalty could also grow immensely.
John Hall, CEO of Influence & Co, writes about the subject in the Harvard Business Review. Here are his two suggestions on how to find the right people to fill the role of content spokespeople.
Identify content spokespeople
Identify employees who are comfortable teaching and demonstrate natural leadership qualities. The account manager mentioned earlier is the perfect example: engaging, patient, knowledgeable, curious, professional, trustworthy, and tactful. Her efforts always appear to be helpful, instead of boastful or misplaced.
Assess knowledge base
Hall suggests gathering and documenting information from content spokespeople. He does this by a Q&A process and brain dump exercises. He suggests keeping this information in a central location — a knowledge bank — for future use. From the knowledge bank content can be gathered and synthesized into an article or blog.
Hall says that the risk is minimal, since the C-suite can always have final editing power, so even if a content spokesperson says something off-color, the information won’t get out to the customers.
The involvement and collaboration in this process is incredibly valuable for everyone involved. Hall claims, “By embracing the unique experiences of your employees outside the C-suite and showcasing their diversity through thought leadership content, you’re strengthening your brand’s authentic, human connection to your audience.”
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by Fronetics | Feb 8, 2016 | Blog, Content Marketing, Marketing, Strategy
Enticing potential customers with exclusive, high-value offers is an important component of lead nurturing and lead generation.
Your strategic marketing objectives boil down to one basic mission: to generate a high volume of quality leads. This will drive tomorrow’s revenue and an increase in sales and profits. Yet, only one in 10 marketing professionals feel they have an effective lead-generation strategy in place.
Since a productive lead-generation campaign consists of many interconnecting layers, it can be hard to pinpoint what is limiting your success. But, if you are seeking more leads for your business (and who isn’t?), consider these proven tactics for achieving successful lead generation.
First, for tactical reasons, your overall campaign must contain these components:
- Something To Offer. An offer is content that is perceived to be high in value. Offers include ebooks, whitepapers, free consultations, product demonstrations, or discounts.
- A Call to Action. This is either a small paragraph of text, an image, or a button that links the potential customer to a landing page to download what you have to offer.
- An Awesome Landing Page. This is a specific page designed to allow the potential client to download your offer.
- Forms to Gather the Lead Info. Essentially, they get the download; you get their contact information.
These four valuable components set the stage for capturing exponentially more lead information than ever before to grow your business.
Creating the Most Inspiring Offers
Just because you have identified leads does not mean they will convert to customers. Lead nurturing helps build a relationship with your potential customers, gain their trust, and raise their awareness about your business and products. The four steps above are critical to the lead nurturing process. But, unless you offer something that your potential customers want, you will not get past the first one.
So, what entices people to click “yes” to an offer?
The majority of us want anything that is considered exclusive, scarce, or in high demand. Suddenly, something becomes more desirable if it appears like we are getting the scoop on a special deal or valuable information.
The higher the perceived value of your offer, the more irresistible it becomes. So, whether your offer is whitepapers, downloads, free trials, memberships, or sales promotions, these irresistible elements can overcome a lead’s typical friction, doubt, or concern.
The elements to creating a feeling of exclusivity and special value in your offer include:
- Limited-time offers. This creates scarcity to your offer.
- Limited quantities. What you are offering is unique and has exclusive value, and procrastination may mean missing out.
- “X number of people have seized this offer.” Human nature is to follow what others do. State how many people have downloaded your offer or benefited from your information to encourage others to do the same.
- Content that matches current news trends. Content tailored to whatever is trending in the news (or to whatever is in high demand at the moment) is more relevant and relatable to potential customers, who are likely engaged with those trends in other ways as well.
- A title that hooks interest. People actually do judge a book by its cover and will not want to see more if you bore them.
- Several Call to Actions, offered at different stages. Pursue buyers at different levels of readiness with different CTAs. People often do their own research before even engaging with a sales rep, and every prospect is at a different stage of exploration. Develop different offers at different stages in the buying cycle, and include a primary and secondary CTA to these offers on various pages throughout your site.
- Avoid professional jargon. Terms and phrases that have been over-used and abused are meaningless and won’t hook potential buyers. They include: groundbreaking, cutting-edge, scalable, flexible, and robust, just to name a few.
To further ensure enticing more leads, your offer should provide something that is considered of high-value. Not all offers are created equal. Some “formats” perform better than others at converting leads. Here are a few of the top-ranked offers, in order of performance, when it comes to generating leads:
- E-books or guides
- Templates or presentations
- Research and reports (e.g., State of Inbound Marketing)
- Whitepapers
- Kits (multiple offers packaged together)
- Live webinars
- On-demand videos
- Blogs (including offers in the nav or sidebar)
- Blog posts (if there is a CTA in the post)
There are many more ways you can capture successful leads and fine-tune your marketing plans in a way that turns leads into customers. For more proven tips, download The 30 Greatest Tips & Tricks That Will Change The Way You Nurture Leads, which offers dozens of other techniques marketers should follow to increase leads and revenue.
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