Market Technologies

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Friday, 5 November 2010

The Complexity of Multi-Path Marketing

Posted on 09:56 by Unknown
In our most recent survey of CMO's, we asked: "What is your primary Voice by which you go to market? Is your Voice that of: product line; industry; solution; campaign (or theme); customer segment; or job role?" The responses were evenly spread across these six voices. Which basically translates to: "As an industry, we go to market with all those voices at once".

I see so many executives struggling with this complex messaging ambition. Mar-Comm executives like to refer to this ambition as their "messaging architecture" but frankly I don't see many of these architectures that would pass the building inspection: it's just too complex.

Now, add to this a second dimension: the media in which your voice is carried into the market. Today's marketer has dozens of choices of media to choose from: from traditional advertising to social media tools. Obviously.

Finally, add a third dimension of time. New IDC research shows that the average cycle time of creating a new tech B2B customer -- from initial marketing all the way through to a closed deal -- is over 17 months.

And so now you have six voices, perhaps 35 different mediums of choice; and 17 months of engagement time. What do you get? In the first place - you get overwhelmed with choice! In the second place, what you do get is about one closed deal for every 2000 contacts that you started with at the very beginning of your campaign.

I once had a job as an assistant product marketer and my boss gave me a direct task: "Fax those new product fact sheets to our top 100 clients, today". One medium, one voice, and one dimension of time. No decisions on my part. I was a skilled faxer, and quite poorly paid.

But now you are the boss and "they're paying you the big bucks"… So, how are you going to figure this out?

This is the challenge of multi-path marketing and I believe that it is a bellwether issue for senior marketers. Over the past several weeks I have been interviewing some of our industry's top marketers about this issue, seeking their approaches. Here is what I am hearing, and some guidance on process approach:



1) The objective of all of this is greater "Personalization". Get the right message and content to the right person in the right time, place, sequence, format and voice. Now, to accomplish this, you might think to install the marketing content and execution tools in the part of your marketing apparatus that is closest to the customer: the channel partner or field seller. Counter intuitively, the opposite is happening.

2) Personalization begins with centralization. To make personalization happen, the best marketers are moving content production, tools, and process "Upstream" -- that is, away from the field and deeper inside the central machinery of the marketing operations areas. Content and asset management tools and sales enablement portals are helping this process.

3) Yes, there still needs to be local execution decisions: translation and choice of media are the two primary areas. But the field marketers who are most successful in these decisions are supported by those robust content management tools way up-stream at headquarters.

4) An additional element that adds to the complexity of multi-path (and multi-geography) marketing execution is the contribution of agency partners. Agencies will add their own flavor of voice and media choices - which may cause a global campaign to become very "un-unified" quite quickly. Several large tech vendors are moving towards agency consolidation to help alleviate this.


In a recent head-to-head with a CMO I asked: "From a marketing perspective, what is your single biggest challenge for your $20b company?" His reply: "We need to ensure that the marketing messaging that we create here at the top is effectively threaded into our execution all across and down through the organization".

In a nutshell, that is the challenge of multi-path marketing.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Marketing Operations, Marketing Resource Management | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Tracking Marketing Budgets - Use it or Lose It?
    There are many ways to track the success of marketing's planning process. One metric that is often mentioned by marketing operations te...
  • Many Ways to be Agile
    We all greatly enjoyed our time together at the CMO Advisory meeting in Santa Clara last month. The level of participation and feedback was ...
  • Facebook Announces 1 Billion Users – It’s Time for All Marketers to Give it a Go
    A few days ago Facebook announced that their active users surpassed 1 Billion . This is a huge number and like it or not, as a Marketer, you...
  • Three Big Ideas from Dreamforce 2014
    Dreamforce, Salesforce's user conference, is always a phenomenon – boatloads of sales and marketing tips and tricks alongside the philan...
  • Cross Training for Marketing
    Most marketing organizations are organized around a set of silos based on specialized program functions within branding or demand generation...
  • 3 Steps to Move Closer to the Ever Elusive Marketing ROI
    Here at the CMO Advisory Service, we recently closed up our 2013 Barometer Study which includes data from senior level marketers working at...
  • Slide Deck - 2013 Cloud Marketing Trends
    There is no arguments that the cloud software industry is currently top of mind for many, in fact enterprise companies are even receiving th...
  • Hey, Sales & Marketing. . .You're not Meeting Prospects' #1 and #2 Needs!
    What do your buyers value most during the pre-purchase phase for their IT products or solutions? Spending quality time with your sales reps?...
  • Next Gen Marketing Teams: From Silos to Systems
    Automation has revolutionized marketing. It has brought new insights, capabilities, and methods of engagement. It has demanded new skills, t...
  • Do You Leverage Win-Loss Analysis to Improve Marketing and Sales Productivity?
    As Henry Ford said, "Failure is simply the opportunity to begin again, this time more intelligently". However, how many of us act...

Categories

  • #CMOFacts
  • 3rd Platform
  • account based marketing
  • Adobe
  • Agile Marketing
  • analytics
  • B2B Marketing
  • B2C Marketing
  • Benchmarking
  • Best Practices
  • Big Data
  • Budgeting
  • Business
  • Business Process
  • buyer's journey
  • buying cycle
  • Campaign Management
  • channel marketing
  • Cloud Marketing
  • CMO
  • CMO Guidance
  • content
  • CRM
  • customer
  • customer creation
  • Customer Experience
  • data
  • Demand center
  • Design
  • Digital Marketing
  • Dreamforce
  • Eloqua
  • executives
  • Facebook
  • field marketing
  • FutureM
  • Gerry Murray
  • IBM
  • IDC
  • Jay Baer
  • KPI
  • Lead Management
  • lead scoring
  • Leadership
  • Market Intelligence
  • marketing
  • marketing and sales alignment
  • marketing as a service
  • Marketing Automation
  • Marketing Career
  • Marketing Change
  • Marketing Conference
  • Marketing Forensics
  • Marketing Investment
  • Marketing Operations
  • Marketing Performance Measurement
  • Marketing Resource Management
  • marketing roi
  • Marketing Skills
  • Marketo
  • Measurement
  • messaging
  • Metrics
  • MI Transformation
  • Mobility
  • MOCCA
  • Neolane
  • new buyer
  • oracle
  • Pardot
  • partner marketing
  • Performance
  • personalization
  • Planning
  • Product Marketing
  • Productivity
  • Reorganization
  • ROI
  • sales
  • Sales Enablement
  • Sales Force Automation
  • sales methodology
  • salesforce.com
  • Sam Melnick
  • SAP
  • savo
  • social marketing
  • Social Media
  • solution marketing
  • strategy
  • supply-chain
  • Survey
  • tech marketing
  • Tech Marketing Benchmarks
  • Tyson Roberts
  • USAA
  • Yesler
  • Youtility

Blog Archive

  • ►  2013 (31)
    • ►  December (1)
    • ►  November (1)
    • ►  October (3)
    • ►  September (2)
    • ►  August (5)
    • ►  July (2)
    • ►  June (3)
    • ►  May (3)
    • ►  April (4)
    • ►  March (4)
    • ►  January (3)
  • ►  2012 (28)
    • ►  December (2)
    • ►  November (2)
    • ►  October (5)
    • ►  September (1)
    • ►  August (4)
    • ►  July (1)
    • ►  June (4)
    • ►  May (4)
    • ►  April (2)
    • ►  March (1)
    • ►  February (1)
    • ►  January (1)
  • ►  2011 (13)
    • ►  December (1)
    • ►  November (2)
    • ►  October (2)
    • ►  September (2)
    • ►  August (1)
    • ►  July (1)
    • ►  June (1)
    • ►  April (1)
    • ►  March (1)
    • ►  February (1)
  • ▼  2010 (10)
    • ►  December (1)
    • ▼  November (2)
      • The Complexity of Multi-Path Marketing
      • An Ice Cold Bucket of Reality - The Challenge of S...
    • ►  September (1)
    • ►  July (2)
    • ►  June (1)
    • ►  May (1)
    • ►  March (2)
  • ►  2009 (24)
    • ►  December (1)
    • ►  October (1)
    • ►  September (2)
    • ►  August (1)
    • ►  July (3)
    • ►  June (3)
    • ►  May (3)
    • ►  April (5)
    • ►  March (3)
    • ►  February (1)
    • ►  January (1)
  • ►  2008 (13)
    • ►  November (2)
    • ►  October (1)
    • ►  August (1)
    • ►  July (2)
    • ►  June (1)
    • ►  May (1)
    • ►  April (2)
    • ►  March (1)
    • ►  February (1)
    • ►  January (1)
  • ►  2007 (7)
    • ►  December (1)
    • ►  November (2)
    • ►  October (4)
Powered by Blogger.

About Me

Unknown
View my complete profile