Category Archives: Product Marketing

Smart Non-Money

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Spending money to compete toe-to-toe is dumb. But this hasn’t stopped start-ups from doing just that. Most start-ups are about as broke as college kids (and from the looks of their management team photos, may well be staffed with the same). They do need to spend money on marketing, but competing is foolish. For every face-off, someone loses face. Slugging it out with gorillas is fast suicide and shin-kicking many small competitors is the slow form. In every market, you can outmaneuver competitors, even gorillas. By understanding the position of each competitor or how they approach buyers, you can compete without competing, which is more cost effective and more effective in general. SuSE Linux remains my worn-out example because it worked against the sitting gorilla. Back when Linux was only starting to be seriously considered for mission-critical IT infrastructure, the U.S. market was owned by Red Hat and littered with … Continue reading →

Push, Pull, Prospects, Paycheck

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I once had HP, IBM, CA and a few other companies pimping my software. This was long, long ago when my hairline was not retreating faster than a Baptist in a gay bar. I worked for a tiny five million dollar outfit and was brought on to implement their first real marketing department. After studying the market for a bit, it was obvious to me that our plug-in product survived only through partner-side adoption. Hence we carefully selected our partners (who collectively had more than 66% of each target segment) and promoted through them as well as directly to buyers. We pulled prospects through direct marketing and pushed through partners. We bumped top-line revenues over 25% in the first year (well, the first nine months actually). One of the reasons this worked is believability. B2B software buyers are a cynical and skeptical lot because those are survival traits. Blindly buying … Continue reading →

Targeting Buyers

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Marketing is a bit like target practice. You aim for the middle to score the most points. Start-ups are notoriously bad at targeting their buyers. Instead of using a hunting rifle, they choose a shotgun, scattering their marketing spend over vast areas of ill-defined buyers. Thus their spend per new customer is higher than it should be, and their stable of customers contain awkward fits who will be less happy with the product that well targeted buyers. Start-ups entrepreneurs shoot their investment wad and go home without winning. Go-to-market plans need to identify everyone that influences a purchase decision in a viable market segment. If you have not segmented – properly or at all – and you have only vague ideas about the functional and emotional motivations of buyers, their bosses and subordinates, then you are shooting blindfolded and will miss your target. Here are the essential steps in formulating … Continue reading →

Basic Bodhi

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“I wasn’t aware you existed.” Sounds like something my congressman would say to me. Brand awareness is the minimal quantum of connection with customers, and the foundation for every other marketing maneuver. If they don’t know you exist, then there is no hope they will adopt your product. You must achieve brand awareness before customers can even approach brand knowledge, acceptance, preference, loyalty, advocacy and religion (and if you need some religious indoctrination on all things branding, flip to chapter six of the Start-up CEO’s Marketing Manual). However, “awareness” has proven to be a tenebrous term. In branding, “awareness” constitutes being aware that a product exists, what value it provides and a notion of why the customer should give a durn. For example, I’m aware that Lady Gaga exists, but even after multiple brand exposures, I still cannot identify her value or why I shouldn’t change the channel. Granted, middle aged marketing gurus are … Continue reading →

Not-so-great Expectations

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A rather Glassy lady said “I’d rather be pleasantly surprised than fatally disappointed.” She should have been in marketing. Marketers and brand managers are in the expectation business. Part of their job entails defining and setting the expectations of their customers or their market. Since expectations are the state of anticipating something, we marketing mavens create the customer’s state anticipation. When reality doesn’t match what is anticipated, odd and dangerous things occur. If you don’t understand this, just think back to your first blind date. When defining the expectations you want customers to have, you can aim too low, too high, just right or aim for something entirely different. Only the last two work and the latter is the trickiest, though often most profitable. Generally speaking, setting customer expectations a little low is a good strategy. Pleasantly surprised people become repeat customers. If their expectations are consistently exceeded, even by … Continue reading →

Departmental Detrimental

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Businesses should not resemble circular firing squads. While presenting to the Silicon Valley Forum’s Marketing SIG last night, one audience member noted her company’s marketing, product development and sales staffs were unaligned. Well, “unaligned” might be poor wording. They appear to be as completely disjointed as drawn and quartered traitors. This is not uncommon in tech companies where the three groups have come onboard at different phases of corporate growth, believe they own the customer and move ahead despite what other teams are doing. Circular firing squads are more efficient and less violent. In early phases, techies are product managers and interface with customers directly. They believe they listen to prospects though this is often self-delusion. Techies (and particularly techie founders) only listen to customer input that agrees with the original product vision. This form of founderitus is so prevalent in Silicon Valley that my audience was not surprised when … Continue reading →

Messaging Messes

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“Blah blah bla blah blah blah!” That pretty much reflects most B2B marketing messages. Precision is lacking, from headlines all the way down to often absent calls-to-action. The penalties for imprecise market messaging include high landing page bounce rates, no actions taken by prospects and leaking sales funnels. The pay-offs from precise market messaging include short sales cycles, brand biasing and rapid word-of-mouth market awareness. So why does your web site say blah? Why is your collateral blah? The goal of messaging is to move a prospect down the path of discovery, terminating in a sale. At each step in this path of discovery, they need to learn about your product in a way that makes sense in that specific moment of discovery, and to be led toward the next phase of discovery. All this requires knowing the phases of discovery then composing very succinct messages such that they achieve … Continue reading →