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The 2 p's of marketing webinar v1

Partner & EVP, Marketing at Tallwave I Author on Entrepreneur.com & Tech.co
May. 27, 2015
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The 2 p's of marketing webinar v1

  1. ROBERT WALLACE, TALLWAVE MAY 27, 2015
  2. INTRODUCTION ROBERT WALLACE Executive Vice President, Marketing Tallwave LLC Marketer, entrepreneur and problem solver. Helps early stage tech startups take their products to market and stake a claim to a winning position in the marketplace. In a previous life: ● Affinnova ● Internet Venture Works ● Airwalk robert.wallace@tallwave.com WWW.TALLWAVE.COM/MARKETING INFO@TALLWAVE.COM
  3. “Over the next several years, marketing, branding and positioning, all under- appreciated disciplines in the valley will become markedly more important. As barriers to entry continue to fall driven by cloud technologies, competition among startups will increase and the startups that reach their target customer bases with the best messaging, building the most effective brands, will win. We know storytelling will be the differentiator…[as it does in] every commodity industry...brand building investments should become a key part of the marketing efforts of the business. Ultimately, the brand may become half the value of the company and the true differentiator in the market place.” - Tomasz Tunguz, Venture Capitalist at Redpoint
  4. PPURPOSE PPOSITION WINNING THE HEARTS & MINDS...THE 2 P’S
  5. YOUR BRAND IS YOUR MOST IMPORTANT ASSET Links your product / service to your customers and tells them your PROMISE and your PURPOSE. Defines who you are and who you are not - which enables FOCUS CAPITAL hinges on whether investors think you can win the hearts and minds of customers and command a differentiated position in the marketplace. REVENUE hinges on whether your customers recognize that you stand for something and can provide them unique benefit. Technology has shifted power from businesses to CUSTOMERS - and they want to know “why you?”
  6. WHY YOU SHOULD GIVE A S#%&
  7. The 2 P’s Framework PURPOSE MISSION VISION CORE BRAND VALUES VOICE & TONE WHY, HOW, WHAT BRAND STORY POSITIONING STATEMENT CUSTOMER SEGMENTS DIFFERENTIATORS VALUE PROPOSITION CUSTOMER PROBLEM COMPETITION TAGLINE BENEFITS REASONS-TO-BELIEVE PROOF POSITIONPURPOSE EXTERNAL INTERNAL
  8. PURPOSE PURPOSE
  9. WINNING THE HEARTS & MINDS...
  10. Purpose The definitive statement about the difference you are trying to make in the world. Wal-Mart: To save people money so they can live better. Source: “It’s Not What You Sell, It’s What You Stand For”, Roy Spence
  11. Mission The core strategy that must be undertaken to fulfill the Purpose Walmart: We’re on a mission to drive down the cost of products and services, making them more accessible and affordable for everyone’s benefit. Source: “It’s Not What You Sell, It’s What You Stand For”, Roy Spence
  12. Vision A vivid, and imaginative conception or view of the world once your purpose has been fulfilled. Walmart: We have a vision of a world where all people can afford to live better. Source: “It’s Not What You Sell, It’s What You Stand For”, Roy Spence
  13. Tips to tell your story... Every day at [your company] we… Because we believe… What this means to you is… Your Company in One Sentence
  14. Core Brand Values PERSONAL DNA VALUES What do we hire and promote for? FOUNDATIONAL VALUES What personal characteristics do we hold dear? HEART & FEELING VALUES What’s our nature? OUTCOME VALUES How do we deliver to our clients? CUSTOMER/CLIENT VALUES What traits do we attract and share with our clients?
  15. 1) Speak to the audience in natural, common language...so you make an emotional connection. 2) Give a reason to care right away. 3) Make the story about somebody with whom we have some empathy (The Protagonist) 4) Explain what The Protagonist wants, and why they want it so badly. (The Goal) 5) Explain why The Goal is difficult, but possible to achieve. (The Conflict) 6) Who/What provides opposition to achieving The Goal? (The Antagonist) Make the Antagonist interesting. 7) The story comes to a satisfactory ending (preferably a happy one). (The Resolution) How to tell your Brand Story...
  16. What you say...AND how you say it Core Values & Brand Attributes Voice & Tone ● Brand personality ● Consistent & reliable ● Core branding effort ● Amplifies brand attributes/core values ● Voice and tone changes with context and situations
  17. What you say...AND how you say it
  18. POSITION POSITION
  19. WINNING THE HEARTS & MINDS... Cola Category 1. Coca-Cola 2. Pepsi 3. Dr. Pepper 4. RC 5. 7Up
  20. WINNING THE HEARTS & MINDS... Hospitality Category? 1. Expedia 2. Travelocity 3. Marriott 4. Etc. Real Estate Category? 1. Century21 2. Coldwell Banker 3. Re/Max 4. Etc. Lodging for the sharing economy 1. Airbnb
  21. POSITIONING FRAMEWORK POSITIONING STATEMENT CUSTOMER SEGMENTS DIFFERENTIATORS VALUE PROPOSITION CUSTOMER PROBLEM COMPETITION TAGLINE REASONS-TO-BELIEVE PROOF POSITION BENEFITS
  22. Identify, leverage, and profit from what makes your company unique. Company X is the leading type of company that provides unique benefit to target customers. Unlike competitors, company does unique differentiator(s). Customers: What do you do? Investors: What do you do, what market are you in? Customers: Why should I care? Why should I switch? Investors: How are you going to win? Customers: What’s in it for me? Investor: What problem are you solving? Customers: Is this product for me? Investors: Who are your customers? Customers: This need is already being met. Is there a better alternative for me? Investors: Who else does this? What do customers do currently for this need?
  23. HEY WHAT ABOUT US?
  24. PPURPOSE PPOSITION THE 2 P’S
  25. Slow down to move faster Brand Story Positioning Statement Tagline Value Prop Benefits RTB Proof
  26. Limited Time & Limited Resources GET FEEDBACK.
  27. AN INTENSIVE BRANDING + MESSAGING SPRINT Mention #tallwavestoryteller on Twitter, Facebook, or LinkedIn for a chance to win a free Branding Assessment and Storyteller Workshop
  28. ROBERT WALLACE, TALLWAVE ROBERT.WALLACE@TALLWAVE.COM
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