Jul 20 10

Planning is Guessing

by Jean

McKinsey research shows that equity analysts’ earnings-growth estimates were almost 100 percent too high on average for the past quarter century.

Apr 25 10

Who Has The Most Influence Online?

by Jean

How to leverage social networks to expand your “influence on influencers” is at the heart of many BtoB online strategies. Forrester’s new Peer Influence Analysis report may help  quantify, reach and connect efficiently with influencers online. According to the survey, people in the U.S generate more than 500 billion online impressions on each other regarding products and services — more than one-fourth the number of impressions advertisers make. Foresters’ most interesting point is to risk a profiling of social influencers, that actually helps think differently of the average online influencer and refine strategies accordingly:

  • Social Broadcasters: top bloggers with a lot of followers looking to them for news and advice on the latest and greatest. They have scale but lack trust. You need them for awareness, but they are poor advocates.
  • Mass Influencers: the minority that creates the majority of the influence may be at the core of any successful SM strategy. They make up only 16% of the influencers but account for 80% of the influence impressions about products and services.
  • Potential Influencers have primarily networks of people they actually know in an offline context (friends, family, peers). These people are the most trusted by peers, but the most difficult to reach and activate. They make up 84% of the total population.

The full analysis ($499) is available on the Forrester website. Barb Dybwad also wrote an extensive (free) article about Forrester’s Peer Influence Analysis model on Mashable.

Apr 21 10

Reality Check

by Jean

For its newly released 2010 ERP Report , Panorama Consulting surveyed over 1,600 organizations on recent ERP implementations, with the objective to compare the benefits of SaaS and On-Premise software implementations. Time to check the reality behind the claim:

Other findings are not more encouraging for ERP vendors of all kinds:

  • 57% of ERP implementations take longer than expected, with an average of 18.4 months.
  • 54% end over budget.

So much for the promise of fast implementation and cost-effectiveness.

You can download the full report here (registration required).

Apr 18 10

Social Media Influence on BtoB Buyers

by Jean

Here’s an interesting report on BtoB buyers’ use of social media (the single largest category of purchases referred to by buyers in this survey was IT equipment or systems).

A couple of take aways:

  • While supplier websites remain a major source of information for BtoB buyers, social media channels such as blogs, Twitter and Facebook have the most influence at every stage of the buying process and in the final decision.
  • 20 to 25% of the buyers under 30 year old use social media channels as part of their decision making process, which is up to five times more than “older” buyers.

> Download the report (PDF)

> Read more about this report

Dec 5 09

Can You Track Your Prospects Without An Address?

by Jean

Web marketers are usually more interested in developing ‘front-end’ web strategies than discussing ‘back-end’ integration into their business processes. And so am I. Unfortunately, failing to implement the processes and systems that are supporting it may durably hinder the most brilliant web strategy. The devil is in the details. And among those painful details, I stumbled today across the issue of integrating web-originated data into our new CRM system.

The idea is to wire forms from different websites into a single CRM database to help manage prospects’ inquiries consistently across business units. I realize that “the idea” sounds very much like a basic requirement in the era of “smart businesses seeking conversations with customers through social media”. However, it might be a basic worth to explore for the rest of us.

Integrating multiple data sources into one system inevitably creates a risk of duplicate entries and inconsistency across the system. Born in the era of direct marketing, most CRM systems are designed to manage duplicate entries effectively. By using postal codes, phone numbers and street addresses as a key, they keep a clear track of contacts for telemarketing and mailing purposes. CRM systems are keen on detecting that John Smith, Ohio, does not share much with John Smith, Arizona. But what if the address is missing? Some systems simply avoid the challenge by making THE postal address a mandatory information for new contacts. Including contacts from your website.

Unfortunately, only few Web users are likely to disclose their street address and phone number to access a free download or subscribe to a news feed. Understandably so, they don’t see the point of giving a physical address to get information that can be delivered electronically. More importantly, they don’t always value the information they’ll get at the price of completing an endless form.

As a result, most businesses rely on disparate systems to capture — and nurture — the fragments of information that they get from potential customers such as newsletter subscribers, PDF downloaders and other Facebook fans. If they capture anything at all that would not pass the ‘CRM compliance test’. But without a coherent system able to manage traces of interest from the early stages of the decision making process, they don’t leverage the full potential of their web marketing investment.

One (important) thing is to strategize a multi-channel, closed-loop marketing approach with the objective to nurture the interest of as many visitors of your website as possible. But executing the plan promptly and properly is as much as a challenge. In some cases, it starts with implementing a CRM system flexible enough to consider e-mail addresses, Twitter accounts and LinkedIn profiles as valuable targets for marketing operations as street addresses and phone numbers!

Nov 30 09

The Day The Mouse Will Be Dead

by Jean

It all started with a mouse… and it was not so long ago!
How are we going to interact with our digital world in 5 or 10 years?
Watch this (short) conference, and start dreaming!

Nov 20 09

How Good A Listener Are You?

by Jean

While marketers acknowledge that the social web is changing their way to learn about customers, a majority keeps relying on traditional surveys to build their plans. Yet knowing that Twitter is a great opportunity to address young adults with $30 to $60k annual income doesn’t not help your business attract more followers. Macro data are useless for micro blogging. As a result, marketers remain clueless when it comes to engaging with customers on social networks. Company pages on Facebook are miniatures of larger corporate websites and countless tweets are pushing corporate press releases, followed by a small crowd of employees. Monologues.

Building a social web strategy requires a change in the scale and granularity of listening strategies. We were surveying markets, identifying segments and addressing a limited number of “profiles” that were manageable by a couple of marketing managers. Now, we must listen to people, get involved in the right conversations and come up with a compelling answer for each. Multiply by a hundred social sites, then by one million individuals: here’s the evolution. Consider the fact that answers are due within minutes or hours, not months: here’s the Revolution.

To take part in this revolution, businesses must to set relevant goals and adapt their processes and infrastructure to this new way of “listening to the mass”. This project might lift you 10,000 feet off the ground of our day to day business. But this is where you get the best picture. Just don’t stay too long at this altitude (it lacks oxygen) and dive quickly back into action. A good start is to assess where your company, division or business unit stands regarding best-of-breed “listening strategies”, and do something about it:

  • What are you doing with your market data, surveys or customer feedback?
  • Are you tracking mentions of your company or products on the social web?
  • Are you seeking out conversations online to identify flare-ups of business opportunities?
  • Do you know how your marketing campaigns are performing before they end? Can you react to bad results?
  • Are you gathering real time feedback or reviews from new customers? What are you doing about it?
  • Are you proactive in soliciting your customers’ sentiment about your company and products?
  • Are you able to target customers by conversation or area of interest in addition to traditional demographics?
  • Can you anticipate what customers will ask for and how they will behave by looking at your historic data?

Knowing where you are will help set the goals and build the processes and tools you need to reach the next level.

Jeremiah Owyan from the “Altimeter” consulting group does not lack oxygen and offers a great tool to help you make this assessment. In his blog, he describes “The Eight Stages of Listening” (corresponding to the eight questions above) and shares an actionable “Web Strategy Matrix” that can help you define what to implement to move on to the next “listening stage”, gradually.

Great listeners make better speeches!

Dig deeper:
Owyan’s Eight Stages of Listening

Nov 9 09

How To Make Facebook Your Company Newsroom

by Jean

“How To” articles are a great way to drive traffic to your website.  It’s probably the primary type of content that professional bloggers and their sponsors are pushing on the Web today to grow their ranking in search engines. There’s an army of teachers out there ready to teach you ‘how to’ do things like looking good in skinny jeans, overcoming chronic laziness, or—as I just learned on YouTube today with my daughter—how to thread a circular knitting machine! And as the social marketing sphere grows, web marketing sites get filled with How To’s as well. Unless you never bothered to search, there’s no way you’ve not been prompted to learn how to improve your blog, write great posts or use Twitter for business by now.

So I hesitated to add to this overwhelming learning agenda and teach you how to use Facebook as your press room. But I decided to go for it because:

  1. This is actually something I find valuable for the many small businesses my company is partnering with.
  2. It’s a pragmatic use of Facebook for BtoB marketers (and I did not find so many others).
  3. How To’s are great way to feature bulleted lists in my posts, which is something that was highly recommended in the latest “How to make a great blog” lesson that I’ve read.
  4. I don’t have many How To’s in my blog, and this is supposed to drive more traffic to it.
  5. It won’t cost me much as I found a great article to re-post about this recently (not sure “re-post” is a word. I’m assuming it is, since “re-tweeting” became mainstream!).

So here you go: Read this article by Josh Peters on Mashable and you’ll have a newsroom up and running on Facebook in no time! I’m joking about How To’s—many of them are not worth reading—but this one should really be considered by the “all-in-one marketers” as I like to call marketing generalists, who are struggling with a thousand priorities and rarely get a chance to dedicate time to PR.

What How To’s do not teach you though, is WHAT to do with the “thing” you learned to do. And Josh’s article is no exception. But what you’re going to do with your Facebook newsroom is essential to its success. You’ll probably have to spend some time to think it through before jumping on this great social opportunity. Where are you going to find frequent and interesting news to publish about your business? What makes a news interesting to your customers, prospects and partners? Can you commit some extra time to this?

There are many ways for a small business to increase awareness at low cost with a good PR strategy. Even if you’re thinking that you don’t have ‘enough news’ to sustain a current newsroom, and I’m sure that you have,  give it a second thought. Consider your business in its environment: your partners, your suppliers, your customers, your industry! Beyond your walls, there’s a lot that you can leverage to demonstrate your business expertise and provide interesting news to readers. Facebook is just a vehicle. Don’t jump on it if you’re not ready. But it’s a great vehicle to consider when you’re a small business that does not get natural attention from journalists and industry analysts.

Oct 31 09

Windows 7 Is Available! Yet Another Reason to Buy a Mac

by Jean

While most companies are playing defense—or keep silent—to cope with the launch of new products by competitors, playing offense is often a better strategy. There’s always some benefits to gain from change, even when change does not look to be in your favor in the first place, provided you’re flexible and creative enough to play around a well-built competitive battle card.

Since their first appearance in 2006, Apple’s PC-Mac commercials successfully  positioned the brand as the most innovative in the industry, with remarkably simple, effective, and funny ads. Playing the Innovation card against Microsoft’s Leadership has been a successful strategy. That was then: As Microsoft is catching up on innovation with its new ‘Mac-like’ Windows 7 operating system, there’s little exclusive features left to Mac OS X. Time to revise Apple’s battle card: Against Innovation, play the Trust card. And play it loud!

Remarkably effective. The more so as it remains simple, and funny.