by Stacy State | Jun 5, 2019 | Blog
You got approval for a $3 million marketing budget from the C-suite.
While that may sound small to some and exorbitant to others the one guarantee is the marketing team will be required to “prove their value” after the money is spent.
Unlike some other departments who can say we bought 100 widgets at $1 instead of $2 saving the company $100 as marketing has grown more complex over the years, it has also become more difficult to show the return on investment at the end of the day.
But, we all know that saying “it’s difficult to measure” or even worse “we don’t know what value we got from that byline or advertisement” is not an acceptable response to leadership. The C-Suite, rightly so, wants to understand what they are getting for their money. Likewise, we wouldn’t pay thousands of dollars on a car without expecting it to work every day and last for several years. We want to know we got our money’s worth.
Marketers and public relations experts must learn the data and science of the profession. So, how do you measure a byline, a press release, an email campaign, social media, or an advertisement?
Step 1: Know the goals
Do not skip this step! Before embarking on an extensive marketing strategy that the team spent weeks putting together, know your company goals. What are leadership’s short-term and long-term plans? Is it a start-up needing more brand recognition or is it in a growth-stage needing quality lead generation?
Understanding where the company is today and where leadership is heading will help drive your marketing strategy. Share your marketing plans with the leadership team to get buy-in and agree upfront on the metrics that you plan to measure.
Step 2: Set the metrics and know the terminology
Now that you know the goals, it’s time to set your success metrics. How will you know if your plan is successful? Depending upon your strategy, you will use varying measures for different tactics. Below is a subset to consider.
Share of Voice (SOV): Measure the percentage of coverage and mentions of your brand in the media compared to your competitors.
Coverage: Track the number of times your brand is mentioned in the media along with where it is mentioned.
Website traffic: Google Analytics is a very useful tool to monitor unique page views, bounce rates, conversion rates, average session duration, and referral sites.
Domain authority: A term coined by Moz your domain authority ranking will compare your overall website, including SEO and keyword rankings, to give you a number 1-100. The higher the number the great authority your site holds within your industry.
Social Media: Track beginning and ending metrics including followers, likes and shares. Determine which content and messaging provides the greatest engagement with your audience.
Impressions and click-thru rates: With advertisements you will want to view not only the number of people that saw your ad but more importantly, how many clicked on your ad.
Conversion ratios: The percentage or ratio of people that clicked on an email, ad, or social content, etc. that then completed a call-to-action. This includes downloading content, completing a form for a demo, and even registering for a webinar.
Open rates and click-thru rates: When delivering emails or drip campaigns, you can monitor their success based upon the number of people that opened the email and the number of people that then clicked on a link within the email.
Cost-per-lead (CPL): To many in leadership, if you start speaking in terms of CPL you’ll be speaking their language. Calculating the costs of your activity divided by the number of leads you gained will give you the CPL.
Marketing qualified lead (MQL): While this one is probably one of the most important, the definition often varies from company to company. Typically, this is a lead that has a business need, understands what you offer, and has an interest in buying your product or service.
The metrics you choose should align appropriately with the tactics you will produce and the goals of your company. Putting these in place upfront will help avoid confusion at the end of the year.
Step 3: Make sure you have the right tools
While many marketers did not get into marketing to become data analysts, the move toward digital marketing requires a successful marketer to understand and use data wisely. Fortunately, many companies have developed tools to help analyze marketing results and prove value. There are many free or relatively inexpensive tools you can use to monitor your metrics.
Most marketers will start with free tools, and depending on the complexity of their business may purchase additional tools. Due to the overwhelming number of tools on the market, make sure you understand exactly what you are getting and any feature restrictions or limitations. In addition, make sure you use all the benefits of your marketing tools. Often you may purchase an email marketing tool without realizing you can also create landing pages, deliver social strategies and even host your webpages.
The key is not to get overwhelmed. Know what you need to measure and select the tools that are right for you.
by Matt Schlossberg | May 22, 2019 | Blog
A couple of years ago, a client of mine who launched a health IT startup, marveled at the number of healthcare entrepreneurs who came up with a cool idea and then went in search of a market for it. In most cases, he told me, this approach found them struggling to find a toe-hold. The smart play was to study the market first, identify and understand the core challenges of the market’s customers, then develop a solution to overcome those challenges.
This very same problem afflicts many health IT companies when pitching the media. A company’s marketer or PR pro will identify a story about the company’s leadership, success with a client or the development of a new innovation then set out to find a reporter to write it up and publish it.
More often than not, the results leave much to be desired.
For sustained PR success, your content needs to fit the contours of whatever narrative or story journalists and editors are focusing on and that requires an ability to reverse-engineer those stories to match the priorities of the target journalist.
While you may believe that the story you want to tell is important, people outside of your organization probably don’t feel the same way at least, not without some modifications. It’s a hard lesson to internalize, I know. I have been fortunate to work with clients who I really believe in, but the inherent risk of that positive sentiment is an inability to look at a story from outside the four walls of the organization that wants to tell it.
While it’s tempting to jump right into the pool with a pitch, it’s often tactical and short-sighted. Even if you do generate a few quality media hits, they’ll be quickly pushed aside by the next piece of content and the one after that and the one after that.
When it comes to story-telling, I always start by asking my clients what results they want to achieve, then reverse-engineer a strategy to accomplish those goals. A friendly download will help set priorities and ensure that you are pursuing the right story-telling strategy.
For example, a company that wants to make a big splash at a massive conference like HIMSS should probably focus more on sponsored content buys for the main course, and use earned media as an extra side of gravy.
When earned media interviews and placements are the main prize, I like to start with a deeper, more granular narrative that aligns the client’s story with broader industry trends, research and compelling statistics and is collated into a pitch bible. This resource contains the main plot of the story the client wants to tell, but also includes a number of subplots and alternative narratives that allows me to cast my pitching net much wider.
It’s an extremely useful tool, because it allows you to quickly customize pitches based on a journalist’s priorities and beats. (You want to spend enough time on the front-end, so you can be quick and nimble on the back-end). It also allows you, as a marketer or PR pro, to see the forest for the trees; developing second and third wave pitching that will sustain over the course of weeks and months. This strategy also allows you to seamlessly align with other content developers, including marketers and social media managers for targeted outreach and creative amplification.
The writing of this broad narrative coincides with research into the target journalists and publications. What have they covered? Where are the logical places they will take their story-telling next? What specific hooks can I create that will convince them that my story is worth the time and effort to write?
Critically, how does all that research change they way I am telling my story and do those alterations still align with the client’s desired results?
In today’s environment, it’s no longer enough to have a story. Health IT is one of the most hyper-competitive industries around. Sustaining traction, much less enjoying inbound inquiries, in an ever-shrinking media environment is a constant challenge for all but the most well-known tech brands.
By identifying the challenges and desires of the media, you can reverse-engineer a story to meet those challenges and find enduring media success.
by Morgan Lewis | May 15, 2019 | Blog
News Flash: There is a lot of written content on the web. That means it is challenging to grab a reader’s attention and even more difficult to hold it. One study, from way back in 2014, found online readers generally click away after 15 seconds. Five years and billions of smartphones later, it’s probably closer to 12 or 11 seconds.
That’s why when creating PR or marketing content, we constantly need to consider the reader first. Certainly, companies have their own goals for every content piece they create, but the reader’s experience, what’s meaningful to them and their goals for reading your content must be the first priority.
Here’s how to grab a reader’s attention in written content and hold it to the last word.
Identify your reader
This is the most important question. Whether crafting a thought leadership article, email blast or white paper, it needs to be laser-focused on who the reader is because as soon as they sense a piece of content isn’t relevant to them, they’ll delete, click or scroll away to something else. It’s a tougher question than it appears. If you set your sights too narrow, you risk alienating a lot of prospects; if you aim too broad, you risk being ignored by everybody.
Headline and lead paragraphs are the most important
What did you think of the headline for this blog post? Did it pique your curiosity? If so, good, because that’s what headlines need to do. Readers typically decide to continue an article after the headline and first few lines, so these two introductory elements are perhaps the most important parts of the content in most writing.
Style matters
The type of content will often dictate what style you use for your headline and lead as well as for other writing choices. A blog post, like the one you’re reading, allows for a little more causal headline, lead and language, but regardless of the style, it needs to be relevant and easy to read. Longer pieces, like white papers, should also move the reader along, even if they are written in a more formal style.
Tell the reader why they should stick with you
There are many ways in those lead paragraphs to encourage the reader to keep reading. Options include presenting a common, pressing problem that they want to solve, asking a provocative question that they will want to answer, or enticing them with ROI. For example, in B2B (and even in B2C) dollar signs always grab readers’ attention. Obviously, if the content has no financial element, then that’s not feasible, but sharing quantifiable numbers automatically establishes interest and often relevance in the reader.
Make every paragraph meaningful
Keep the reader engaged through the entire content piece by putting information in every paragraph that they care about or include actionable data they can begin applying today. The overriding goal of PR and marketing content is, of course, to attract prospects, but writing about only your solution is a turn-off, even presented in a vendor-neutral fashion.
One size does not fit all
I was going to title this subhead: “keep it short,” but one study shows that a 1,600-word length for most pieces is ideal, even for blog posts. Other research contradicts that finding. For a white paper, eBook or byline, that length or longer seems appropriate, but with blog posts, we say keep them shorter and then drive the reader to download the longer content piece.
What nearly all the research says, however, is if it is quality content, the reader will stick with it, regardless of length. In healthcare B2B PR, which is where we at Amendola Communications live, quality content means relevance to the reader, their job or their business. Stay on that track and you’ll have them reading to the last word, which is what I hope you’re doing right now.
by admin | May 8, 2019 | Blog
The sun is shining, the birds are chirping, and the flowers and trees are blooming. It’s that time of the year when I think about Spring cleaning, especially living in Atlanta where everything inside and out is covered in pollen. As I was dusting my entire house last weekend trying to rid it of the fine yellow dust covering EVERYTHING (the struggle is real y’all); I started thinking about how to spring clean your PR strategy and what would benefit the most from a little extra attention.
Media Lists
The media landscape is constantly in transition. Journalists change positions, beats, contact information, etc. They might have altered their interest in specific topics. Throughout the year, we try to keep our press lists up-to-date, but spending some extra time going over your media list, updating the notes based on feedback from pitches and researching new media outlets can be a great use of time.
Messaging
This is a great opportunity to review your business’ messaging and assess if it needs updating. Perhaps you’ve announced new products in the last six months, or perhaps the industry has developed a new acronym for your niche, or maybe there is a new piece of healthcare legislation that is key to what your business does that should be mentioned in your messaging. Maybe you’ve learned more throughout the year about what your key audiences want to hear. Now is a great opportunity to take another look at your key messages to make sure they are conveying what you want them to and effectively reaching your target audiences.
PR Coverage
With a fresh look at your media lists and messaging, it would also be timely to review your coverage. Where have you received the most placements? Are any angles played out at this point? What outlets have you not gotten coverage in that you want to be in? What angles do you need to push harder? Are you actually reaching your target audiences with these outlets? A review of all of this will help you spring forward to make your coverage blossom even more.
Events
We PR people like to develop our annual plans generally at the beginning of each year. But so many details for events such as conferences and tradeshows are updated throughout the year. Determining which conferences you plan to attend, submit a speaker application to or want to include in your content strategy is a key component to any PR campaign. Take this time to update your events list with deadlines for speaking and any other promotional activities.
Review and Set New Goals
With a fresh perspective on where you’ve been and what you have to work with, it is also a great time to review the progress you’ve made in achieving your goals and updating them or maybe upgrading them. Utilize the S.M.A.R.T. goal format as a best practice.
Some of these recommendations take some ongoing maintenance but think of this time as a chance to really dust off what you are doing with your PR campaign and apply a fresh strategic approach to it. So, before you grab a vacuum, go grab a pen and review your PR strategy to help your business make the most of its PR activities.
by Jenn Cohen | May 1, 2019 | Blog
Over the last fifteen years, I’ve participated in more corporate messaging workshops than can be counted. Inevitably, at a certain point during the workshop, the facilitator will ask the collective group: “Who ARE we?” Typically, the marketing leaders are quick to reiterate the company’s vision or mission statement, while sales leaders rattle verbiage from their elevator pitches, and executives state messages similar to those they give investors on analyst calls. Turns out, answering “Who ARE we?” is not that simple of a question after all.
Is your brand suffering from a bit of ambiguity? Try this simple experiment the next time you’re riding up the elevator with colleagues. Ask the folks standing beside you, “Who is {insert your company name here}?”
I’m not a gambler, but I’d wage a bet you’d get limited overlap in responses. Why? Perhaps because your organization hasn’t fully invested the time and effort into crystalizing their brand positioning and brand purpose for all employees, customers and stakeholders.
No longer reserved for consumer-facing brands, it has become essential for business-to-business organizations to not only create and develop a brand but also define their position and purpose. Why?
Not only will it separate your brand from a sea of sameness among competition, but it can elevate your position in the market. If we as marketers can prevent our sales team from being asked “So who are you, again?” we’ve done part of our job.
I’ve worked on branding and rebranding initiatives for companies of all sizes and what do they all have in common? An aligned purpose to create a great brand.
But what does it take to go from good to great? Well, good brands merely fulfill a need. They provide a service, or a product, based upon an expressed need.
But a great brand? A great brand anticipates. How? By truly understanding their customers. Talking to them. Asking questions. Reading about them in the news. Thinking about their current and future needs.
And while it may be unpleasant, or downright excruciating, asking your customers where your brand falls short can be one of the first steps towards creating a brand people trust. After all, people want partners, not vendors.
Sometimes the most important part of creating and maintaining a successful brand is simply realizing that just because something isn’t broken doesn’t mean it’s working. In the last year alone, we’ve seen notable brands take inventory of their brand presence and come to the ultimate realization that their current identity is no longer aligned with their future state. Let’s look at three notable examples:
Dunkin Donuts ditched the donuts and debuted a short name Dunkin along with a modernized look and feel to test stores around the country earlier this year. The company is investing $100 million to update their stores and “better meet the evolving tastes” of their customers, which will include new equipment and dedicated drive-through lanes so people who order drinks on their phones (hello, Starbucks!) can pick them up easily. They realized the market demanded more than coffee and donuts to stay competitive, and they’re putting their money where their mouth is.
Unlike Dunkin’, Slack kept their name but instead chose to revamp their original (dare I say iconic?)logo. This move caused an onset of conversation around the decision to ditch the beloved hashtag in favor of a simpler visual identity. Why? They felt it was time to evolve. Beyond the unexpected logo swap, Slack’s rebrand came in advance of a direct public offering expected later this year.
Earlier this year, WeWork announced their rebrand, informing the market that they will now be known as We Company. This strategy was likely designed for both investors and customers in order to broaden their aspirations from places to people. The announcement also came with a sweet perk to the tune of $2 billion in investment from SoftBank Group.
Taking inventory of your current brand and determining whether it aligns with your future growth is no easy feat. In part two of this post, we’ll review the main drivers that help indicate when a logo refresh is needed, a repositioning workshop will do, or when a full rebrand makes the most sense.
We’ll walk through logical next steps, including how to get it done. Using your brand as a springboard to add colorful depth to your offerings can easily change the conversation and help your sales team create meaningful relationships to not just power the sales cycle but build the funnel at the same time.
by Brandon Glenn | Apr 24, 2019 | Blog
Closing a venture capital (VC) investment is a big deal for any young company.
After all, less than 1 percent of all U.S. companies receive VC money. A VC investment represents market validation. An experienced group of industry veterans has decided that your company holds the promise and potential to make them (and maybe even yourself and a few of your employees) rich. They think you have an innovative idea, and their cash will serve as the catalyst sparking that growth.
Sounds great and it is. Landing VC money is a huge accomplishment for any company that is able to make it through what is generally an ultra-competitive process.
It’s also a great opportunity to generate some media coverage, which for many young companies, will represent their first introduction to the market and first occasion to share their stories with potential customers, partners, acquirers and other investors.
The only problem? Announcements of VC investments happen all the time, so the media is not lacking in coverage options. To make sure your announcement about obtaining a venture capital investment gets noticed, keep these four integral principles in mind.
Do not withhold the dollar amount: If you’re looking to create media interest at all, I cannot stress enough the importance of including the dollar amount of the investment. This is a very important point for reporters who need some way of assessing the gravity of all the funding announcements they see. Obviously, $50 million will look better in headlines than $5 million, but $1 million looks a lot better than nothing. In my reporter days, when I saw a funding announcement without a dollar amount, it immediately went to the bottom of my queue of potential upcoming stories. Don’t fumble away this valuable opportunity by failing to get approval from your investors to include the dollar amount.
Describe how you’ll use the investment: All reporters expect that you’ll use your recent cash infusion to drive “growth,” but they’ll want more specifics than that. What are your key measures of growth? If it’s customer acquisition, what type of customers are you looking to acquire? If it’s employee headcount, how many are you looking to hire? (BONUS: Including potential jobs numbers in an area can help you get into local media AND aid in your recruiting efforts.) If it’s revenue, by what percentage are you hoping to grow revenue in the next year? Obviously, you don’t want to reveal any secret strategies to competitors, but your investment announcement provides an opening to begin shaping your company’s story and the way it’s publicly perceived. Do that by articulating a clear vision for the future that describes exactly what “growth” means to you.
Make sure executives are available for interviews on the day of the announcement: For the chance to pose questions like those mentioned above plus plenty more reporters will be interested in speaking with a top company executive, preferably the CEO. After coordinating key talking points with the CEO, be sure to coordinate schedules. As important as a funding announcement is, it’s not realistic to expect an executive to block off her entire day for interviews. But one or two decent chunks of time on the day of the announcement isn’t too much to ask.
Be sure to include investor and customer quotes: A VC investment serves as an important representation of market validation, and the funding announcement is a chance to shout that validation from the rooftops. A quote from the investor is a must, explaining why the VC firm thinks this company is one to take a risk on, why the market will ultimately choose their technology as a winner and what type of growth potential exists in this particular market niche. For bonus points, include a customer quote explaining (preferably with quantifiable outcomes) exactly how your technology helped them address a significant business problem.
Yes, it can be difficult to gain media coverage for venture capital announcements due to all the stiff competition out there. But it is possible to get journalists’ attention.
Drafting an announcement that follows the key principles above will help your announcement stand out while giving journalists what they want and need – a good, complete story to tell. And the same story that helped you win the investment in the first place.
