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95% of your Digital Marketing
spend is wasted. Here’s the
solution.
Reinventing marketing strategy.
CEM-100
Deb Lavoy
@deb_lavoy


#otew2012

                                  Copyright © OpenText Corporation. All rights reserved.
The problem
leads



                       prospects
                                   THE FUNNEL

                                   The traditional
                       suspects
                                   funnel has been the
                                   center of marketing
                       customers   and sales strategy
                                   for decades.
deb lavoy @deb_lavoy
leads



                       prospects
                                   THE FUNNEL

                                   The goal was to “nurture”
                       suspects
                                   a “lead” toward a sale.
                                   The problem, is that the
                       customers   vast majority of people
                                   who enter the funnel are
deb lavoy @deb_lavoy               rejected.
leads



                       prospects
                                   THE FUNNEL

                                   The funnel isn’t a
                       suspects
                                   funnel. it’s a filter. It
                                   only lets through a tiny
                       customers   percentage of people
                                   who are ready to
deb lavoy @deb_lavoy               engage with sales.
The people who were
interested, but not ready
to buy
                            6
The top of the traditional funnel*

    AD




   Media
  Mention                     Register now!




   Social
  Mention




                *for considered purchases (vs spontaneous)   7
Translation –a
sales person will
call you. If you are
lucky he or she
might know what
you were reading.
                       8
99.9% of people who
come to this page are not
ready or interested in
talking to a sales person


                            9
You are telling them that
until they want to talk to a
sales person you don’t
care about them.
               So they go away


                                 10
leads
 99%


                       1%
                             prospects
                                         You work hard and
  99%                                    pay $$ to gain
                       1%                their attention.
                             suspects
  99%                                    Then let most of
                            1%
                                         them go without a
                             customers   second look.
deb lavoy @deb_lavoy
leads
 99%


                       1%
                             prospects
                                         THE FUNNEL
  99%


                       1%                THE FILTER
                             suspects
  99%
                                         leaves most people
                                         behind
                            1%

                             customers


deb lavoy @deb_lavoy
leads
 99%


                       1%
                             prospects
                                         Do leads that do
  99%                                    not instantly
                       1%                convert have no
                             suspects
  99%                                    value?
                            1%

                             customers


deb lavoy @deb_lavoy
awareness



                            interest


 99%                         leads

                       1%
                             prospects
  99%


                       1%


  99%
                             suspects
                                         Another problem:
                                         the fattest part of
                            1%

                             customers   the funnel is
                                         ignored.
deb lavoy @deb_lavoy
The Idea




           15
Can we look at the funnel a
different way?
What if our goal is broader than getting people to buy. What if we also
consider reach, building market presence, and an audience for our core
messages?
                                                                          16
What if instead of filtering, we aggregate?

                                         Instead of discarding
                                         those that don’t pass,
                            aware        we want to build some
                            interested
                                         kind of relationship.
                                         First, we change to the
                            engaged
                                         language form a
                                         predatory vocabulary to
                            evaluating   a service vocabulary

                            customer



deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
What if instead of filtering, we aggregated?


                               aware
                                           Now we are
                              interested
                                           aggregating a body of
                            engaged        people who are at
                                           least somewhat
                                           interested in what we
                            evaluating     say.

                            customer




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
3 things to do with non-
            converting leads


deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
1 Retain them as audience
            audience is intensely valuable and hard won. even if you are not the answer
            to their immediate product or services needs, there was something that they
            found interesting. Figure it out and build on it.
            an audience gives you credibility, gravitas, insight, presence in the market
            (don't blow it)
            as either your business or their needs evolve, you are ready for one another.
            build critical mass of awareness and relevance
            Be a visible presence in the market




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
2 Remain relevant
            retain mindshare for future purchase
            make that person into a non-customer reference (hey jim, i need to know
            more about EIM, where would you look?)
            garner insight




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
Be there when they’re
            3           ready
            Ensure a seamless path to the next level of engagement so that the people
            who want to move on do it easily.
            In other words, you're building different levels of orbit around your biz - an
            ecosystem of a kind.




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
Us, Inc

                                pull

                                                   them.




                            Think orbits, not
                            funnels
deb lavoy @deb_lavoy
productfour.wordpress.com   At each level, our “friends” need something from us.
deb@productfour.com
Us, Inc

                            pull

                                   them.



                                     The Market: Be of interest
                                     Acquaintances: Be meaningful
                                     Community: Be valuable
                                     Evaluators: Build confidence
                                     Customers: Be helpful
deb lavoy @deb_lavoy
productfour.wordpress.com
                                     Employees: Be Excellent
deb@productfour.com
The execution

OK. But how do we do that?
(five touchstone activities)




                               25
1 Have something to say
                    something to say that’s not about your company, your
                    new product, your latest award. What does your
                    market need to know? Care about? Find interesting?

                    This is the hardest part. This is the culmination of your
                    marketing insight into your customer and your value
                    proposition. What do you have to say that matters?



deb lavoy @deb_lavoy
                    (talk to me about narrative hierarchies)
productfour.wordpress.com
deb@productfour.com
2 A Digital Destination
                    A place (page, site, blog or community) that people will want to
                    visit and revisit find interesting stuff and people – not brochures,
                    or self-aggrandizing propaganda (which isn’t to say you should
                    be invisible).

                    This will also aggregate your marketing assets so they are not
                    disconnected shots in the dark, but building a library of value.
                    Video galleries, slide galleries, imagery, papers, articles and
                    blogs all play a role here – but its not about you, its about them.

                    A good destination aggregates both interested people and
                    interesting content
deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
3 An easy engagement
                    A simple non-threatening, step a person can take to
                    be involved. A newsletter, a place to add an idea or
                    rating or comment, a place to contribute, a
                    calculator, a widget – something to do that both brings
                    me deeper and sets up a reason to come back. No
                    forcing, the message here is “we are offering
                    value, because we care and respect you- if you find it
                    interesting, join us”


deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
3 An easy engagement
                    A simple non-threatening, step a person can take to
                    be involved. A newsletter, a place to add an idea or
                    rating or comment, a place to contribute, a calculator,
                    a widget – something to do that both brings me
                    deeper and sets up a reason to come back. No
                    forcing, the message here is “we are offering value,
                    because we care and respect you- if you find it
                    interesting, join us”


deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
4 A reason to come back
                    Email and/or social almost always plays a role here, in
                    conjunction with a regular program of content that
                    matters – an expert series, a topic series, a monthly
                    discussion…cute kittens, something that asks them to
                    come back again.




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
5 A way to go deeper
                    A way to go deeper (bonus marks)
                    Every interaction gives them two choices. Maintain the
                    relationship, or deepen it. PROVIDE FOR BOTH.
                    Begin to comment, join the community, upload a
                    photo, contribute a case study, enter a contest, ask a
                    question….




deb lavoy @deb_lavoy
productfour.wordpress.com
deb@productfour.com
Ad                      Lead


            1%

         TRANSACTION




     Out with the old
relationship
person                                  destination

                      We’ve got
                      something
                 interesting going on




          Really? Tell me
               more




         In with the new
• Every time they visit it’s a
                meaningful experience.

              • Every time they visit they
                can either maintain or
                deepen their relationship.

              • Every time they
                visit, you’re setting up
                their next visit.




The pattern you want to see
This creates a pattern that builds and
aggregates audience instead of filters




                                         35
Is your buzz just draining
         away?
                             36
Fill the pool
                37
Stay in touch

 dlavoy@opentext.com

 @deb_lavoy
 Productfour.wordpress.com
 www.linkedin.com/in/deblouisonlavoy

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95% of your digital marketing spend is wasted. Here's how to fix it.

  • 1. 95% of your Digital Marketing spend is wasted. Here’s the solution. Reinventing marketing strategy. CEM-100 Deb Lavoy @deb_lavoy #otew2012 Copyright © OpenText Corporation. All rights reserved.
  • 3. leads prospects THE FUNNEL The traditional suspects funnel has been the center of marketing customers and sales strategy for decades. deb lavoy @deb_lavoy
  • 4. leads prospects THE FUNNEL The goal was to “nurture” suspects a “lead” toward a sale. The problem, is that the customers vast majority of people who enter the funnel are deb lavoy @deb_lavoy rejected.
  • 5. leads prospects THE FUNNEL The funnel isn’t a suspects funnel. it’s a filter. It only lets through a tiny customers percentage of people who are ready to deb lavoy @deb_lavoy engage with sales.
  • 6. The people who were interested, but not ready to buy 6
  • 7. The top of the traditional funnel* AD Media Mention Register now! Social Mention *for considered purchases (vs spontaneous) 7
  • 8. Translation –a sales person will call you. If you are lucky he or she might know what you were reading. 8
  • 9. 99.9% of people who come to this page are not ready or interested in talking to a sales person 9
  • 10. You are telling them that until they want to talk to a sales person you don’t care about them. So they go away 10
  • 11. leads 99% 1% prospects You work hard and 99% pay $$ to gain 1% their attention. suspects 99% Then let most of 1% them go without a customers second look. deb lavoy @deb_lavoy
  • 12. leads 99% 1% prospects THE FUNNEL 99% 1% THE FILTER suspects 99% leaves most people behind 1% customers deb lavoy @deb_lavoy
  • 13. leads 99% 1% prospects Do leads that do 99% not instantly 1% convert have no suspects 99% value? 1% customers deb lavoy @deb_lavoy
  • 14. awareness interest 99% leads 1% prospects 99% 1% 99% suspects Another problem: the fattest part of 1% customers the funnel is ignored. deb lavoy @deb_lavoy
  • 15. The Idea 15
  • 16. Can we look at the funnel a different way? What if our goal is broader than getting people to buy. What if we also consider reach, building market presence, and an audience for our core messages? 16
  • 17. What if instead of filtering, we aggregate? Instead of discarding those that don’t pass, aware we want to build some interested kind of relationship. First, we change to the engaged language form a predatory vocabulary to evaluating a service vocabulary customer deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 18. What if instead of filtering, we aggregated? aware Now we are interested aggregating a body of engaged people who are at least somewhat interested in what we evaluating say. customer deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 19. 3 things to do with non- converting leads deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 20. 1 Retain them as audience audience is intensely valuable and hard won. even if you are not the answer to their immediate product or services needs, there was something that they found interesting. Figure it out and build on it. an audience gives you credibility, gravitas, insight, presence in the market (don't blow it) as either your business or their needs evolve, you are ready for one another. build critical mass of awareness and relevance Be a visible presence in the market deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 21. 2 Remain relevant retain mindshare for future purchase make that person into a non-customer reference (hey jim, i need to know more about EIM, where would you look?) garner insight deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 22. Be there when they’re 3 ready Ensure a seamless path to the next level of engagement so that the people who want to move on do it easily. In other words, you're building different levels of orbit around your biz - an ecosystem of a kind. deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 23. Us, Inc pull them. Think orbits, not funnels deb lavoy @deb_lavoy productfour.wordpress.com At each level, our “friends” need something from us. deb@productfour.com
  • 24. Us, Inc pull them. The Market: Be of interest Acquaintances: Be meaningful Community: Be valuable Evaluators: Build confidence Customers: Be helpful deb lavoy @deb_lavoy productfour.wordpress.com Employees: Be Excellent deb@productfour.com
  • 25. The execution OK. But how do we do that? (five touchstone activities) 25
  • 26. 1 Have something to say something to say that’s not about your company, your new product, your latest award. What does your market need to know? Care about? Find interesting? This is the hardest part. This is the culmination of your marketing insight into your customer and your value proposition. What do you have to say that matters? deb lavoy @deb_lavoy (talk to me about narrative hierarchies) productfour.wordpress.com deb@productfour.com
  • 27. 2 A Digital Destination A place (page, site, blog or community) that people will want to visit and revisit find interesting stuff and people – not brochures, or self-aggrandizing propaganda (which isn’t to say you should be invisible). This will also aggregate your marketing assets so they are not disconnected shots in the dark, but building a library of value. Video galleries, slide galleries, imagery, papers, articles and blogs all play a role here – but its not about you, its about them. A good destination aggregates both interested people and interesting content deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 28. 3 An easy engagement A simple non-threatening, step a person can take to be involved. A newsletter, a place to add an idea or rating or comment, a place to contribute, a calculator, a widget – something to do that both brings me deeper and sets up a reason to come back. No forcing, the message here is “we are offering value, because we care and respect you- if you find it interesting, join us” deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 29. 3 An easy engagement A simple non-threatening, step a person can take to be involved. A newsletter, a place to add an idea or rating or comment, a place to contribute, a calculator, a widget – something to do that both brings me deeper and sets up a reason to come back. No forcing, the message here is “we are offering value, because we care and respect you- if you find it interesting, join us” deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 30. 4 A reason to come back Email and/or social almost always plays a role here, in conjunction with a regular program of content that matters – an expert series, a topic series, a monthly discussion…cute kittens, something that asks them to come back again. deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 31. 5 A way to go deeper A way to go deeper (bonus marks) Every interaction gives them two choices. Maintain the relationship, or deepen it. PROVIDE FOR BOTH. Begin to comment, join the community, upload a photo, contribute a case study, enter a contest, ask a question…. deb lavoy @deb_lavoy productfour.wordpress.com deb@productfour.com
  • 32. Ad Lead 1% TRANSACTION Out with the old
  • 33. relationship person destination We’ve got something interesting going on Really? Tell me more In with the new
  • 34. • Every time they visit it’s a meaningful experience. • Every time they visit they can either maintain or deepen their relationship. • Every time they visit, you’re setting up their next visit. The pattern you want to see
  • 35. This creates a pattern that builds and aggregates audience instead of filters 35
  • 36. Is your buzz just draining away? 36
  • 38. Stay in touch dlavoy@opentext.com @deb_lavoy Productfour.wordpress.com www.linkedin.com/in/deblouisonlavoy