Monthly Archives: January 2015

Nothing’s Dead

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“Trade shows are dead. Magazines are dead. Direct mail is dead.” Sometimes I think young marketers are dead, but only from the neck up. When I coach startups, I often hear their leaders and even their marketing staff push back on old school promotional channels. One outfit, with series-A funding even, was dead set on using only social media … to sell to a broad set of non-tech CxOs for a high dollar technology offering. When I mentioned these targeted CxOs might be more easily targeted and reached via direct mail the startup’s CEO came close to stroking-out on me … and he was only 30 years old. Trade shows aren’t dead, though they are still expensive. Magazines aren’t dead, though many are shifting to digital. Direct mail isn’t dead as my mailbox attests daily. The fact is all modes of reaching a prospect are valid. The choice falls to … Continue reading →

Ridiculous Research

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An ancient joke has a child looking into a telescope and saying “Daddy, the universe is a very small place” to which the patient father replies “You are looking through the wrong end.” Oddly, this describes the effect of misguided market research. The twin goals of market research are to identify missions to take, then how to accomplish those missions. The mission may be to reduce cost, grow revenues, expand market share. But unless you know what mission you need the take, you can never know what research you need in order to accomplish that mission. This recently came to light when the good folks at Zintro asked me to participate on a panel where selected experts explain the most common mistakes in market research. Of the two mistakes I cited, not understanding the problem to be solved was a primary ill. Some companies have offered Silicon Strategies good money … Continue reading →

Marketing Truthiness

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Honesty is one of the better policies. While recently chatting with a legendary Silicon Valley CEO, we spoke about his company’s documented culture. The first two pillars of their shared ethics were honesty and integrity (which go hand-in-hand). In his semiconductor industry, honesty and integrity are occasionally vague terms, yet his company has thrived by dealing with employees, suppliers and customers with rather unshakable decency. More marketers should follow his example. Like politicians, some marketers have found creative ways of distorting the truth. Eschewing outright lies, they lean more heavily upon vague generalities, measured over-selling and promising support that never fully materializes. This short-sighted approach produces short-term results with long-term ruin. Marketing dishonesty can lift revenues. People will buy products on a false promise, but only once. If a marketer wants to bump this quarter’s numbers, inaccurate promotions can shift a few fence-sitting prospects into the “win” column. But the … Continue reading →