Archive for the 'Education' Category

Help Us, Help You – Internally Selling Upward

I should preface this by saying that unless you are productive & take initiative, no one is going to listen to anything you have to say. You may be right or have a great idea, but it will fall on deaf ears if people think you don’t know what you’re talking about.

This starts with your boss & possibly his/her boss. When you don’t have direct channels to the top-level decision makers, it’s important to have your voice represented by someone who does.  If you’re afraid your boss is going to take credit for your work, it would be smart to talk to the person to whom your boss reports.  This is also good if your boss is an idiot or inept. 

Numbers make decisions very easy.  The more data you have to support your thinking, the better your odds at convincing your company to approve it become.  If you’re looking to increase site traffic, are your campaigns consistently driving more people to your site?  Do these visitors spend more time on the site than the average visitor?  Are they converting at a higher rate?  Have they signed up to receive emails from  you or are they looking at things like the store locator?

Building on that, you are going to want to show your campaign’s visitors are converting on the site.  You will want to see if they are spending more per order than your site’s current average.  The more people you bring in to your customer retention pool, the better your chances for driving sustained, incremental revenue.  More sales proves that you have the ability to make more money for the company, making stockholders very happy.  See what you just did…the man appreciates that.

As long as you are making the decision for you company very easy, you stand a great chance of being heard.  Try to anticipate the questions they will ask after reviewing your analysis.  Whenever possible, you want to provide information directly to the source.  The side benefit of this is that you have gained great experience in presenting to the powers that be & establishing new connections.  Most successful people will tell you this is your foundation for success.

Help Us, Help You – Getting Yourself Connected

How often do you or the people surrounding you talk about improving internal communication?

This is all about opening up the lines of communication with the people responsible for managing & executing what makes your business go.  Consider them the gatekeepers of your success.  Marketing initiatives often take a back seat in the ecommerce world; projects aimed at improving site conversion, order attachment, cart abandonment, & navigation are more important than implementing tracking codes or producing banners for your campaigns. 

These things take time & resources & competitive pressures make timing & speed to market a crucial variable.  This is likely to cause a backlog of projects as most technology companies are constantly looking for good IT people.  A backlog plus limited manpower equals slim pickings for you, Marty Marketer.

So, how do you justify that request for a larger marketing budget?  You connect yourself with the right people, across the company, regardless of regional location.  We all can be more sophisticated with our marketing & relationship development/management, but too often get consumed within our own workload & don’t bother to actually meet & talk to people. 

Get familiar with the people I have listed below, especially if they’re in the same building or campus.  If they’re elsewhere schedule time when you travel to meet them.  Don’t travel?  Think of something that will get you out there.  Or beg; it doesn’t cost much for your company to provide airfare, hotel, & food/gas expenses compared the negative cost of failing or stale campaigns.

Merchandisers: Quite possibly the most important people as it relates to you driving incremental sales. 

  • They know what sells & why & so do their vendors. 
  • Seasonality, product launches, in-stock vs. out-of-stock are but a few things you need to be plugged into.

IT: These guys & gals cover a wide variety of things you need. 

  • The product & web development folks will keep you up-to-date with upcoming site changes, enhancements, & functionality.  It’s important for you to be aware of new landing pages & URL changes to eliminate or minimize campaign downtime. 
  • You know how your project got denied for implementation anytime within the next 4 months?  Besides escalating through your department, if you’re actually nice to these people, they might help push your projects through in half the time required or less. 
  • And don’t forget your help desk people.  That one to two day turnaround to get your laptop, Treo, printer, or phone fixed can turn into mere hours.  Don’t forget to repay them for favors; food & alcohol go a long way.

Creative: Anything you are going to publish graphically online should look good. 

  • If you want your media campaign to drive as much revenue as possible; you need to make sure what’s produced for you is legit. 
  • It’s so easy, but too many online retailers fail miserably in this department.  It’s not because the personnel are bad; they just don’t have the right direction.  Help them & be clear about what you need.

Public Relations: Being on top of company announcements will allow you to create new campaigns or be prepared to react to news, whether it’s positive or negative. 

  • Crisis & issues management is vastly underutilized in the online space. 
  • Too many brands are not aware of what’s being said; by the time they figure it out, it’s too late.  You are key in eliminating or minimizing crap like this.

Customer Service: If you’re smart, you are monitoring the online chatter specific to your brand. 

  • Whether positive or negative, feed it to customer service; they can facilitate things for customers & improve their experience or at least somewhat appease an irate customer.  We all know the damage one bad opinion with motivation to tell all can do.

Front Desk: From routing calls to them being one of the few people you see this often, they can make your life easier & more pleasant.

If you or someone you know is not listed here, but you feel they’re just as important, I would welcome the feedback.  As you can see, I am not opposed to communicating.

Help Us, Help You

Like any relationship, the client/agency relationship has its ups & downs.  Each side’s view of the partnership is mainly attributable to how they collaboratively face & overcome the challenges presented.  Professionally, there isn’t much more satisfying than helping a client not only reach their goals, but exceed them.  A big part of which is scoping properly & setting the proper expectations, but I’m not delving into that right now (I smell another, future series of posts).  Conversely, there is nothing more frustrating than a breakdown in communication or execution that leaves the client short of their goals. 

The client is pissed & the agency is left to pick up the pieces internally while externally determining what is necessary to reassure the client that everything will be just dandy.  Usually, an amicable resolution can be reached.  Objectives & goals may need to be reset, strategy & tactics are adjusted &, consequently, the client gets what they need.

Waste of money…on both sides.  The agency eats the time they spend finding a resolution & will most likely credit the client for time spent on what did not work.  The client misses opportunities to build/promote their brand, drive more sales, respond to negative press in a timely manner, etc.

Over the next few weeks, I will delve into the bulleted topics below.  I feel there is a lot a client can do to set themselves & their agency up for success.  Yeah, I know this works both ways; read on.  This series will be mainly geared towards ecommerce (one of my specialties), but the astute reader will be able to draw parallels across the entire digital space. 

  • Getting Yourself Connected – At least one person on your marketing team should have a reliable contact on the following teams: Merchandise, IT (web development, help desk, product development), Creative, PR, Customer Service, front desk (if for only the fact that you see this person more than most people you love)
  • Aggregating & Analyzing Data – Become one with it; everyone above you has a background in concrete numbers & has planned & made decisions according to what the numbers tell them.  Think they’re wrong?  Prove it…with numbers.
  • Internally Selling Upward – Both yourself & new ideas
  • Effectively Leveraging Available Resources – We are all strapped for time; understanding how to get what you need when there is seemingly no help will set you apart from everyone else.
  • Evaluating & Changing Process – There is nothing wrong with occasionally kicking the tires. 

The underlying theme is communication that enables client & agency to make informed decisions in the most efficient & effective manner possible.  It’s a lot of work, but this industry is not for the faint of heart.

Strategy vs. Tactics

Significant time is spent crafting, implementing, measuring, & adjusting these two.  Suprisingly, even more time is spent debating what a strategy or tactic is.  The interest of clearly distinguishing the two, but showing how they are interdependent is the inspiration for this post.  I feel it is important to also enter plans, objectives, & goals into the conversation.

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Sun Tzu (Chinese General, circa 500 BC)

Separating the Two: Strategy & tactics are often confused although both play integral parts in achieving predetermined objectives & goals.  They are relative & should not be in conflict.  It is vital to have agreed-upon objectives & goals prior to developing the strategy & the tactics that will drive it.  The right strategy makes any tactic work better & puts less pressure on executing your tactics perfectly.

Plan: The combination of objectives, strategies & tactics.

  • Specific articulation of how the tactics will support the strategies that will achieve the objectives in time.
  • The rationale that supports this course of action.

Objective: Something toward which effort is directed; an aim, goal, or end of action.

Goal: The end toward which effort is directed.

Strategy: Derived from ancient Greek word strategos, meaning general.  It was originally the art of the general or the art of preparing troops for battle, thus the art & science of what.

  • Strategy is an overall or long term plan of action designed to achieve a particular goal, which may involve complex patterns of individual tactics.
  • Many strategies may be employed to reach a goal/ objective.

Tactics: Derived from ancient Greek word taktihos, meaning fit for arranging or maneuvering.  It referred to the art of moving forces in battle, thus the art & science of how.

  • Tactics are the actual means used to reach a goal, a method employed to help achieve a certain goal; a set of actions taken to fulfill a strategy.

Example

  • Objective: RadioShack wants to be the #1 shopping site for mobile phones.
  • Strategies: Increase visibility online, keep Radioshack top-of-mind.  Educate consumers.
  • Tactics: Secure more media inventory on major portals & other high-trafficked sites (using both branding & direct response), maintain top placement on search terms commonly used during the beginning of the purchase cycle, offer affiliates better commissions to secure higher placement, utilize email marketing to increase repeat purchases, connect with the customer through social media channels.

If this was previously unclear, hopefully it has provided some insight.  If this was nothing new to you, hopefully you learned more about Sun Tzu…or something.

What are Tomorrow’s Marketers Learning Today?

“What’s hot in marketing?” is the question I posed to a former professor of mine.

“Supply chain management, logistics, ethics, ecommerce, viral marketing, consumer-produced ads…lots of stuff,” is the first part of the response I received.

It was interesting to note that all those things are either a key function of a successful ecommerce business or an emerging channel inside the digital medium.  Growth and opportunity; two things that should be music to an undergrad’s ears.  Focus is shifting from traditional media to more non-traditional venues and I was curious to see if this is reflected in the collegiate course work of tomorrow’s marketers.

Looking at the current demographic (Millennials, Gen Y) would certainly suggest a natural progression towards interactive media; these students live a digital life.  Whether it be through texting, instant messaging, MySpace, Facebook, or email; today’s typical college student has the ability to connect anytime, anywhere.  It is only natural that they will gravitate towards the interactive space, if shown the path.  I have seen first-hand how exposure to online marketing piques their interest.

Another level of interest exists in those who are studying marketing or management when they see what they have learned over the past two-plus years is applicable in the digital realm.  So, what are these kids studying these days?  Let’s have a look at classes offered at some esteemed universities (Oxford, Drexel, Texas, Boston, Iowa, and Ithaca).  Worth noting is that there is not a high area of focus in regards to online marketing.  Many schools offer courses on this topic, but the ratio of traditional marketing to new marketing skews heavily in favor of the former.  However, as we all know, much of what is learned transcends all advertising channels.

  • Introduction to Marketing Strategy
  • Web Business Strategy
  • Marketing Research
  • Consumer Behavior
  • Principles of Electronic Commerce
  • Advertising Theory
  • International Marketing
  • Marketing on the Internet
  • Advertising and Promotional Strategy
  • Marketing Information Management
  • Integrated Marketing Communications Management
  • New Product Planning, Strategy and Development

The gap in sheer volume of talent in this industry is about to get smaller.  While not yet a major area of focus at every university; educators, administrators, and students are going to have no choice but to jump on the bandwagon.  It will be up to the professors to teach, talent evaluators to identify, and subsequent managerial skills/ tactics to develop those that will help grow the interactive advertising industry.





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