Archive for July, 2009

Marketing Managers Need to Show Creative Side

Tuesday, July 28th, 2009

A Good friend, long term client, and mentor of mine hit it out of the park with this recent article, published in the San Fernando Valley Business Journal. Many people will think that what Scott and I sell are competitive to one another – I strongly disagree. Marketing is an applied science – printing and design is still an art form. Scott is a scientist at getting his clients new business, and he understands the value of partnering with a “printer” that can help him deliver that message. Enjoy:

Marketing Managers Need to Show Creative Side

Over the last few years, when discussing marketing and advertising with clients and prospects, I have been meeting with more company presidents, owners and C-level executives than I had in previous years. Missing from many of the meetings have been the marketing managers. The trend kind of snuck up on me and has become more pronounced since the beginning of the current economic downturn.

I finally figured out why – and it’s not good for the future of marketing managers. Far too many of them have turned into purchasing agents, completely ignoring strategy and turning creative into a commodity. It started years ago with printing. Most companies have shifted printing responsibilities to purchasing agents, individuals trained simply to compare costs and without the experience or training to evaluate quality. To them, all printers are the same and whoever can hit the deadline at the lowest price gets the job. They wouldn’t have a clue if called upon to evaluate paper samples, print quality, die-cuts or other nuances that can make an average print job a great one. Continued…

Questions?

Drop me a note.

Print is not dead.

Friday, July 24th, 2009

How valuable is marketing collateral in driving sales?  What types of collateral have the greatest influence on purchasing decisions?  What types of collateral are most widely used by prospective buyers?  These were some of the questions that Eccolo Media sought to answer in a recent study of collateral usage by US technology buyers.

The Eccolo Media 2008 B2B Technology Collateral Survey was based on a survey of technology buyers in US companies.  Two-thirds of the 155 survey respondents described themselves as purchase decision-makers, and the balance of the respondents called themselves purchase influencers.  While this study focused on technology buyers, the findings are relevant for any B2B company that sells complex products or services, including marketing services firms.

This study included five types of marketing collateral

  • White papers
  • Case studies/success stories
  • Product brochures/data sheets
  • Podcasts
  • Videos

Here are some of the most important findings:

  • White papers have the greatest influence on purchasing decisions.  Thirty-one percent of survey respondents ranked white papers as the most influential type of marketing collateral in terms of purchasing decisions.  White papers were followed by product brochures (23%), case studies (17%), videos (8%), and podcasts (5%).  Product brochures were also ranked as the least influential type of marketing collateral by 34% of respondents.  Forty-four percent of respondents said that white papers were “very” or “extremely” influential.
  • Product brochures, white papers, and case studies are the most frequently used types of marketing collateral.  The survey asked what types of collateral respondents had seen, read, or listened to within six months prior to making a purchase.  Seventy percent of respondents identified product brochures, 68% said white papers, and 59% said case studies.  Podcasts and videos trailed with 28% each.
  • Buyers use marketing collateral very early in the buying process. Overall 56% of survey respondents said they review marketing collateral for the first time during the “pre-sale” stage of the buying process, that is, when they are beginning to consider solutions and before they initiate discussions with specific vendors.
  • Buyers read collateral materials online before they download and print.  At least 70% of survey respondents said they view white papers, case studies, and product brochures online before they download and print them.  The survey doesn’t address how much collateral consumption is online only.
  • Marketing collateral is  highly viral.  Sixty-seven percent of survey respondents said they share white papers with colleagues, while 66% share podcasts, 65% share case studies, 64% share product brochures, and 60% share videos.  Forty-four percent of respondents said they share white papers with four or more people.

These findings show that marketing collateral remains a powerful selling tool.  Other research has shown that B2B buyers are increasingly using the Internet to research and gather information regarding prospective purchases, in many cases long before they contact potential sellers.  This means that the collateral you make available online plays a huge role in creating that critical “first impression” of your company with potential customers.  If you provide compelling marketing collateral online, you stand a good chance of being invited to begin a meaningful sales conversation.  Otherwise . . .

courtesy of the Print CEO :  David Dodd on July 20th, 2009

NATIONAL STUDY CONCLUDES CONSUMERS VALUE THE MAIL

Tuesday, July 14th, 2009

Businesses benefit from mail that connects them to customers

The mailbox hasn’t been eclipsed by the age of the Internet. A new national research study concludes that consumers value and use their mail. In fact, almost 70 percent report that mail is more personal than the Internet.

InnoMedia Inc. surveyed 1,500 households and devoted more than 35 hours of in-depth, qualitative interviewing to determine how consumers engage with their mail and how businesses can reach consumers in a compelling and effective way.

The Mail Moment study, conducted in the fall of 2004 on behalf of the U.S. Postal Service, shows that mail offers a rare opportunity for a marketer to capture the undivided attention of a consumer. Included in the findings are the facts that messages are noticed and the offer is considered by a target audience for longer than the often-assumed 30 seconds and that almost 80 percent of all consumers sort through their mail immediately.

“When combined with other marketing channels, mail brings brands to life and drives each phase of awareness and consideration, ultimately leading to purchase,” said Anita Bizzotto, chief marketing officer and senior vice president for the Postal Service. Bizzotto announced the study results at the National Postal Forum.

“The Postal Service is here as a valuable resource for businesses that want to gain a better understanding of how their customer base can grow through the effective use of direct marketing,” Bizzotto said. “As an advertising channel in today’s media marketplace, where marketers place a high level of accountability on each dollar spent, mail offers the ability to target customers directly and with measurable results.”

The “Mail Moment” is that point when consumers bring in their mail to sort, organize and read, and it offers a clear, compelling perspective for marketers to incorporate efforts to reach consumers.

The Mail Moment study determined several key findings:

Mail gets marketing messages immediately into the hands of consumers who are eager to see what’s in their mail

o 98% of consumers bring in their mail the day it’s delivered, and of these, 72% bring it in as soon as possible;

o 77% of consumers sort through their mail immediately.

Mail boasts a loyal readership and consumers spend a significant amount of time each day with their mail

o Consumers spend an average of 30 minutes reading their mail on any occasion;

o Consumers spend 45 minutes with magazines, 30 minutes with catalogs and 25 minutes with Direct Mail.

Mail may be the easiest way to reach the person in charge of managing household operations and finances

o 96% of household mail sorters determine which mail is kept for review;

o 90% of these sorters pay the bills;

o 92% of these sorters are the principal grocery shoppers

Mail is useful and consumers are more likely to read it if it helps them perform one of these three household job functions

o Browsing for new purchases;

o Managing the home;

o Overseeing finances.

Mail evokes emotion among consumers

o 67% feel mail is more personal than the Internet;

o 56% say receiving mail is a real pleasure;

o 55% look forward to discovering the mail they receive.

Mail and the Internet are complementary marketing mediums

o Consumers browse mail catalogs to assist with online shopping;

o Consumers who receive a company’s mail catalog account for 22% of the company’s Web site traffic and 37% of the company’s e-commerce dollars.

“The role of mail remains very much distinct from e-mail marketing and the Internet, yet the two continue to work well together, especially when a direct mailpiece drives consumers to the Internet for information or to make a purchase,” said John Palmer, president of InnoMedia Inc.

Since 1775, the Postal Service has connected friends, families, neighbors and businesses by mail. It is an independent federal agency that visits 142 million homes and businesses every day and is the only service provider delivering to every address in the nation. The Postal Service receives no taxpayer dollars for routine operations, but derives its operating revenues solely from the sale of postage, products and services. With annual revenues of more than $69 billion, it is the world’s leading provider of mailing and delivery services, offering some of the most affordable postage rates in the world. The Postal Service delivers more than 46 percent of the world’s mail volume- some 206 billion letters, advertisements, periodicals and packages a year- and serves seven million customers each day at its 37,000 retail locations nationwide.

source: www.usps.com

Questions?

steve@puttingdotsonpaper.com

vendor qualification

Wednesday, July 8th, 2009

I have had the chance to participate in a recent “vendor” review with a long term client as they have been put in the uncomfortable situation of having multiple print vendors close their doors.

In an effort to continue the transparency aspect of this blog – my client felt that I was “uniquely” qualified to help them, as I was at the helm of one of the shops that closed and was employed by yet another as a sales manager. They reached out to me to help them establish some “criteria” by which to judge current and future print relationships (and yes, my current employer remains on their active vendor list after undergoing the vetting process).

Over a series of posts, I am going to share some of the ideas and suggestions that they implemented.

Fiscal Stability (part 1):

Ask for recent financial’s.

Not fiscal year end, but quarterly reports. If they are fiscally stable, they should have no problem sharing these with you. Some vendors will react negatively to your request, and they have every right to. You are asking to see their profit and loss. I advised my client, that if the vendor was wiling to do so, they too must be willing to share with them their most recent quarter/yearly print spend.   You must also be willing to sign a confidentiality agreement or a NDA. Almost every print vendor you look at will be showing a loss – but you need to dive in deeper – are the losses growing?  Are they cutting costs? Do their numbers fit within industry guidelines (there are some real simple metrics to look for in regards to billing per employee etc available from the Printing Industries of America or PIA). You want to make sure that they have the current fiscal stability to weather this financial storm while still being able to afford you strategic cost savings (a great reason to show them your print spend – how can they benchmark any savings if they don’t have a starting point? A real starting point).

A CPA or a CFO can look at these numbers in a second and give you a pretty accurate guess as to the stability of the company in question. If my client were to have looked at my financials, they would have seen a debt to equity ratio that was out of whack, and lack of cash reserves, and COG (or, “Factory Expenses”) that was in excess of 83% (based upon industry standards I should have been at <75%) and COS (Cost of Sales) in excess of 12% (Again, based off of industry standards, I should have been <9%).

Resources:
“Rules of the Road”: The PIA Ratios

Bottom-line, if you are looking for a long term, mutually beneficial relationship – you need to be willing to ask some hard questions, share some information and be willing to spend time talking with your vendors about the economy and your cost savings goals. They are relying on your continued relationship as much as you are relying on theirs.

I look forward to your thoughts and feedback.

steve@puttingdotsonpaper.com

For Effective Marketing, Think “Pull” as Well as “Push”

Monday, July 6th, 2009

“…Pull marketing is growing because marketers have recognized that potential customers are determined to control when and how they will access marketing information.  Rather than fighting this mindset, savvy marketers are using pull marketing techniques to build credibility and trust and then to enable potential customers to obtain the information they want when they want it.  Pull marketing will never completely replace push marketing, but it has become an essential marketing tactic for many companies.  Today’s most effective marketing programs are often a combination of push and pull.  For example, I frequently receive e-mails (push) that invite me to attend a Webinar (pull) or download a white paper (pull)…”

read the rest of the article here:

Print CEO – Printing Industry News and Opinion – For Effective Marketing, Think “Pull” as Well as “Push”.

case study

Monday, July 6th, 2009

Solutions Case Study

From time to time, I will be posting case-studies made available to me as a solutions provider for CGX. I will be deleting the “client” name, in an effort to avoid trying to sound like I am name dropping. The “vendor” name will of course be left in.

The Challenge: The extensive product & service offering of “CLIENT” requires a significant sales force with over 200 sales and service offices in the U.S. alone. With such an immense sales force, “CLIENT” faced a situation in which important sales and marketing literature was not being fulfilled in a manner that was consistent, on time, and without defect. Haydee Manzanero, a six sigma black belt who spearheaded this project, identified 117 process steps and over 50 hand‐offs in the old purchasing program. There was up to a 2 month lead time through 8 authorization steps to get a new marketing piece into the literature database for the sales force to order.

Their findings showed the following as areas for process improvement:

• Streamline their speed to market
• Increase competitive pricing across all “CLIENT” divisions
• Build confidence in the efforts of marketing
• Keep branding & offers consistent
• And ultimately decrease literature expenses

The Solution: Consolidated Graphics (CGX) was chosen as this strategic supplier and was tasked with helping to streamline “CLIENT”’s marketing literature process. By incorporating CGXSolutions’ Storefront application, “CLIENT” was able to merge all activities into one system that previously required three systems. The real time inventory and tracking information feature increased speed to market, decreasing out of stock incidents and obsolescence. This also assists in developing future programs that complement the sales fields’ self generating efforts in both Residential and Commercial segments. Prior to the partnership with Consolidated Graphics, the inventory information was sent out once a month and tracking shipments was difficult if available at all, representing a dramatic improvement over the old program.

The Results: Utilizing CGX Solutions’ technology generated immediate results in speed to market and inventory management resulting in cost savings for “CLIENT”. At the 2007 Operational Excellence review Haydee’s Six Sigma team identified a 64% reduction in expenses and a 48% reduction in process steps. Total cost savings were measured to total $2.8 million for the first year alone.

The integration of the CGX & “CLIENT” teams throughout the implementation process was comprehensive. In fact, the project was in the top 3 finalists for the “Teamwork & Culture” category in “CLIENT”’s Operational Excellence yearly review. As CGX and “CLIENT” continue to grow the relationship increases in complexity and has translated into many collaborative projects outside of literature inventory. CGX has been able to showcase an increasing array of technology advances in regards to commercial print and utilization of the vast printing network. “CLIENT” has increased their speed and variety to market while decreasing costs of these same functions. The relationship has added tremendous value in the form of onsite assistance with process improvement, the convenience and efficiency of online print procurement, and much more.

Think that a solution like this might help your company, or have any specific questions about the solution? Feel free to contact me!

steve@puttingdotsonpaper.com

make-ready

Thursday, July 2nd, 2009

Putting dots on paper.

When you get down to it – that’s what printers do; they put dots on paper. What separates and distinguishes one from one another is what they do to get those dots to work for you.

I have been in the printing industry for over 25 years, and I love it. I started in high-school as a part time bindery worker, moved up to be the lead pressman on a 6 color MAN- Roland press and then sales, sales management, ownership and now back into sales. My resume is riddled with life experiences, client testimonials; both the good kind and the bad kind, failures and successes. I believe in a business model that blends a sustainable, integrated approach to design and print. I believe in a sales approach that is consultative and transparent.

This Blog is an extension of that – it is my goal to create and host a dialogue that helps the reader better understand that to truly recognize an increase in ROI it is not as simple as “pressing print”.

Enjoy – let me know your thoughts!

- Steve