Marketing: A Systems
Approach
Addressing the Root Causes of Bad
Marketing

April Dunford
@aprildunford
RocketScope.com
April Dunford

As a marketing exec:
   5 startups: 4 launches, $1B revenue, $2B acquisitions
   3 big companies: 2 product line launches, $3B revenue,
   8 acquisitions (buy side)
Co-Founder of RocketScope: Analyst/Research
firm for marketing best practices
Advisor, instructor, investor, coffee/beer drinker
What‟s an engineer like you
doing in a place like this?

Step 1: I got a marketing job
Step 2: I attempted to train myself
Step 3: I learned everything the hard way
The Cycle of Marketing Meh
                               Marketing
                                Fashion
                              Assessment*


             Remove
                                                  Select
              “bad”
                                                  tactics
              tactics




                    Measure                 Execute



* Where you look at what everyone else is doing
What‟s Wrong with This?
1. What works for them might not work for you
  –   Your market, offering, buying process is different
2. Many companies suck at marketing
  –   Just because they do it doesn‟t mean it works
3. All tactics are created equal until tested
   – You can‟t afford that
4. You don‟t know what you don‟t know
   – Why did failed tactics fail?
   – Are my “good” tactics the best tactics?
   – What other tactics should I try?
5. No relationship or consistency between tactics
   – Does not take your buying process into account
Is it possible to
      model
great marketing
 like a system?
The 3 Root Causes of Bad Marketing

Not Understanding what You Know and
Don‟t Know about Your Customer
  – Who they are
  – How they think about your offering
  – How they buy
Poor Marketing Execution
Failure to Measure, Adjust and Improve
Inputs

3 aspects of customer knowledge
 Who they are
 How they view solutions
 How they buy stuff
Customer Worksheet
Company Characteristics:
Size, Industry, Geographic locations
Product, Customers Ecosystem, Risk Tolerance, Growth, Regulatory Environment

Decision Makers:
Characteristics
    demographics, education, skills, interests, motivations, goals
Pain
    what drives them crazy or stops them from getting what they want

How Can They Be Reached:
Where do they gather
   Social networks, communities, associations/groups, events
Where they find out about stuff
   Search engines, word of mouth, peers, media outlets, blogs, experts,
   influencers/famous people
Offering Worksheet
(Customer Perspective)
What do we do?

What market are we in?

Competitive Alternatives:
Examples: Do nothing, manual effort, Word/Excel, competitive
product

Key Differentiated Points of Value
When compared to the alternatives above the specific value you
bring that the others don‟t.

Proof
Customer references, 3rd party reviews, statistics, metrics, expert
endorsements,
Buying Process

It‟s all good   I know it    I‟m looking   I‟m making    I‟m now       I‟m
here.           could be     at how to     a purchase.   using (or     renewing or
                better but   solve this                  trying to     re-
                I‟m not      problem.                    use) what I   purchasing
                doing                                    bought.       the solution
                anything
                about it.
      No
                    Need         Eval.         Buy          Enjoy        Re-new
     Need
Buying Process
Accelerators
Knowing the   Knowing the    Knowing the     Why          Using and      Knowing I
cost of not   Value of       value of your   purchase     enjoy the      can’t do
solving the   solving the    solution        now?         offering       without the
problem       problem                                                    offering

     No
                   Need          Eval.           Buy         Enjoy         Re-new
    Need

Current       Value not      Not knowing     I might      Bad service,   Decided
solution good compelling     how to          change my    Bad user       there was no
enough        Risks too high evaluate        mind         experience     need
                             Great but not   Too much $   Not using      Move to
                             for me                                      other
                                                                         solution

Friction points
Tactics

Selected based on:
  Who you need to reach
  Where you can reach them
  Stages where the friction is
  What you need to do to move them to the next
  stage
At the No Need, Need Stages
What: Problem-focused Content/Programs, Infotainment
   –   Videos (problem focused, non-demo)
   –   Articles and blog posts
   –   Infographics/Industry data/trend reports
   –   Curated Content
   –   Newsletters
   –   SEO, Website, landing pages, content optimized around the problem
Where: Where the prospects already are
   – Forums, Social networks, newsgroups, industry events, associations,
     media, blogs, etc.
Purpose: Entertain, Educate, Engage
Desired Action: Permission to market to them
   – Social Media: Likes, follows
   – Email: Newsletter/blog signups
At the Evaluation and Buy Stages
What: Solution Focused Content/Programs
   –   Articles and blog posts
   –   Demo Videos/interactive Demos
   –   Webinars/ In-person events
   –   Analyst reports
   –   Case studies
   –   Feature guides/whitepapers
   –   ROI/pricing calculators
   –   Advertising, Sponsorships
   –   SEO, Website, landing pages, content optimized around the solution
Where: Where the prospects are and Increasingly on Your Turf
   – Forums, Social networks, newsgroups, industry events, media, blogs, etc.
   – Your branded sites (website, Facebook page, etc.)
Purpose: Educate, Differentiate, Move closer to Sale, Address Fear
Desired Action: Permission to “sell”
   – Contact information for sales (through content, events, etc.)
   – Free Trial
   – Purchase
At the Enjoy, Refer, Renew Stages
• What: Activation/Engagement-oriented content/programs
   –   Customer Support Content
   –   Demo Videos/interactive Demos
   –   How-to, Best Practice guides
   –   User forums/User Groups
   –   ROI/pricing calculators
   –   Customer newsletters
• Where: Mainly on Your Turf but also where they are
   –   Your branded sites (website, Facebook page, etc.)
   –   Customer Support portal/forum,
   –   User group forums, events, etc.
   –   Forums, Social networks, newsgroups, associations, media, blogs, etc.
• Purpose: Get customers to experience the value, Create raving fans,
• Desired Action: Referrals, Renewals
   – Act as a reference
   – Refer business
   – Renewal
Operations
Plans based on selected tactics
  Email marketing plan/process/calendar
  Paid traffic plan/process
  Content plan/calendar
  Social media plan/calendar
  Media/Influencer relations plan/calendar

The Big „ol Spreadsheet
Metrics




  How prospects are flowing through the
            buying process
Demand generation forecast example
             Social   Paid media   Organic search   Events   Campaigns

Contacts       #          #              #            #         #

MQL            #          #              #            #         #
              [%]        [%]            [%]          [%]        [%]

SQL            #          #              #            #         #
              [%]        [%]            [%]          [%]       [%]
SQO            #          #              #            #         #
              [%]        [%]            [%]          [%]       [%]
Closed Won     #          #              #            #         #
              [%]        [%]            [%]          [%]        [%]

Revenue       $           $             $             $         $
Analysis




    What conclusions can you draw?
    How do these impact the inputs?
The Circle of Marketing Awesome
                             Customer
                              Offering
                           Buying Process

                              Inputs




  Conclusions                                Tactical
                Analysis                    Execution   Project plans




                             Outputs

                              Metrics
Thanks!

       @aprildunford
 My Blog: RocketWatcher.com
My Company: RocketScope.com

Startup Marketing: A Systems Approach

  • 1.
    Marketing: A Systems Approach Addressingthe Root Causes of Bad Marketing April Dunford @aprildunford RocketScope.com
  • 2.
    April Dunford As amarketing exec: 5 startups: 4 launches, $1B revenue, $2B acquisitions 3 big companies: 2 product line launches, $3B revenue, 8 acquisitions (buy side) Co-Founder of RocketScope: Analyst/Research firm for marketing best practices Advisor, instructor, investor, coffee/beer drinker
  • 3.
    What‟s an engineerlike you doing in a place like this? Step 1: I got a marketing job Step 2: I attempted to train myself Step 3: I learned everything the hard way
  • 4.
    The Cycle ofMarketing Meh Marketing Fashion Assessment* Remove Select “bad” tactics tactics Measure Execute * Where you look at what everyone else is doing
  • 5.
    What‟s Wrong withThis? 1. What works for them might not work for you – Your market, offering, buying process is different 2. Many companies suck at marketing – Just because they do it doesn‟t mean it works 3. All tactics are created equal until tested – You can‟t afford that 4. You don‟t know what you don‟t know – Why did failed tactics fail? – Are my “good” tactics the best tactics? – What other tactics should I try? 5. No relationship or consistency between tactics – Does not take your buying process into account
  • 6.
    Is it possibleto model great marketing like a system?
  • 7.
    The 3 RootCauses of Bad Marketing Not Understanding what You Know and Don‟t Know about Your Customer – Who they are – How they think about your offering – How they buy Poor Marketing Execution Failure to Measure, Adjust and Improve
  • 8.
    Inputs 3 aspects ofcustomer knowledge Who they are How they view solutions How they buy stuff
  • 9.
    Customer Worksheet Company Characteristics: Size,Industry, Geographic locations Product, Customers Ecosystem, Risk Tolerance, Growth, Regulatory Environment Decision Makers: Characteristics demographics, education, skills, interests, motivations, goals Pain what drives them crazy or stops them from getting what they want How Can They Be Reached: Where do they gather Social networks, communities, associations/groups, events Where they find out about stuff Search engines, word of mouth, peers, media outlets, blogs, experts, influencers/famous people
  • 10.
    Offering Worksheet (Customer Perspective) Whatdo we do? What market are we in? Competitive Alternatives: Examples: Do nothing, manual effort, Word/Excel, competitive product Key Differentiated Points of Value When compared to the alternatives above the specific value you bring that the others don‟t. Proof Customer references, 3rd party reviews, statistics, metrics, expert endorsements,
  • 11.
    Buying Process It‟s allgood I know it I‟m looking I‟m making I‟m now I‟m here. could be at how to a purchase. using (or renewing or better but solve this trying to re- I‟m not problem. use) what I purchasing doing bought. the solution anything about it. No Need Eval. Buy Enjoy Re-new Need
  • 12.
    Buying Process Accelerators Knowing the Knowing the Knowing the Why Using and Knowing I cost of not Value of value of your purchase enjoy the can’t do solving the solving the solution now? offering without the problem problem offering No Need Eval. Buy Enjoy Re-new Need Current Value not Not knowing I might Bad service, Decided solution good compelling how to change my Bad user there was no enough Risks too high evaluate mind experience need Great but not Too much $ Not using Move to for me other solution Friction points
  • 13.
    Tactics Selected based on: Who you need to reach Where you can reach them Stages where the friction is What you need to do to move them to the next stage
  • 14.
    At the NoNeed, Need Stages What: Problem-focused Content/Programs, Infotainment – Videos (problem focused, non-demo) – Articles and blog posts – Infographics/Industry data/trend reports – Curated Content – Newsletters – SEO, Website, landing pages, content optimized around the problem Where: Where the prospects already are – Forums, Social networks, newsgroups, industry events, associations, media, blogs, etc. Purpose: Entertain, Educate, Engage Desired Action: Permission to market to them – Social Media: Likes, follows – Email: Newsletter/blog signups
  • 15.
    At the Evaluationand Buy Stages What: Solution Focused Content/Programs – Articles and blog posts – Demo Videos/interactive Demos – Webinars/ In-person events – Analyst reports – Case studies – Feature guides/whitepapers – ROI/pricing calculators – Advertising, Sponsorships – SEO, Website, landing pages, content optimized around the solution Where: Where the prospects are and Increasingly on Your Turf – Forums, Social networks, newsgroups, industry events, media, blogs, etc. – Your branded sites (website, Facebook page, etc.) Purpose: Educate, Differentiate, Move closer to Sale, Address Fear Desired Action: Permission to “sell” – Contact information for sales (through content, events, etc.) – Free Trial – Purchase
  • 16.
    At the Enjoy,Refer, Renew Stages • What: Activation/Engagement-oriented content/programs – Customer Support Content – Demo Videos/interactive Demos – How-to, Best Practice guides – User forums/User Groups – ROI/pricing calculators – Customer newsletters • Where: Mainly on Your Turf but also where they are – Your branded sites (website, Facebook page, etc.) – Customer Support portal/forum, – User group forums, events, etc. – Forums, Social networks, newsgroups, associations, media, blogs, etc. • Purpose: Get customers to experience the value, Create raving fans, • Desired Action: Referrals, Renewals – Act as a reference – Refer business – Renewal
  • 17.
    Operations Plans based onselected tactics Email marketing plan/process/calendar Paid traffic plan/process Content plan/calendar Social media plan/calendar Media/Influencer relations plan/calendar The Big „ol Spreadsheet
  • 18.
    Metrics Howprospects are flowing through the buying process
  • 19.
    Demand generation forecastexample Social Paid media Organic search Events Campaigns Contacts # # # # # MQL # # # # # [%] [%] [%] [%] [%] SQL # # # # # [%] [%] [%] [%] [%] SQO # # # # # [%] [%] [%] [%] [%] Closed Won # # # # # [%] [%] [%] [%] [%] Revenue $ $ $ $ $
  • 20.
    Analysis What conclusions can you draw? How do these impact the inputs?
  • 21.
    The Circle ofMarketing Awesome Customer Offering Buying Process Inputs Conclusions Tactical Analysis Execution Project plans Outputs Metrics
  • 22.
    Thanks! @aprildunford My Blog: RocketWatcher.com My Company: RocketScope.com