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APRIL 2011
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| Deep < Tech > Thoughts... |
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Customer listening that matters now
Listening to customers matters to McBru's tech B2B clients. The fragile economy makes it very important that they spend their money and resources wisely. And the widespread adoption of social media makes the customer's voice more important to marketplace perceptions and competitiveness.
But for those of us who conceive and execute marketing plans, listening via social media is only half the solution at best. There, the customer drives the conversation. What if you need answers to specific questions from a broad swath of customers now? How do you finalize strategy, planning, positioning, and messaging?
At McBru, we're perfecting the sweet science of customer listening via a novel survey technology. We ask the questions we want to ask and get the responses back within our timelines. As a result, we can exercise more control over how we use that information to optimize our marketing programs.
How very '10s
When you read "survey" you may be thinking of your first SurveyMonkey form. How very '90s. Or you may be remembering that multi-month research effort that ended up as a stack of reports sitting unread on a VP's desk. Those are NOT what we're talking about.
We design our surveys—what we think of as "intelligent dialogs"—from the get-go to listen carefully and inform specific marketing goals fast. We organize the goals in two areas:
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Reputation—An intelligent dialog produces insight and competitive intelligence that inform influencer relations strategies. We pinpoint the optimal positioning and messages for reaching out to journalists, bloggers and influencers. |
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Revenue—We also ask the questions that help us define a strategy for driving revenue. The respondent's opinions help us to flesh out sales tools and processes, and to identify the brand evangelists who can help us reach the finish line. |
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Let us give you an example. We have run several intelligent dialogs for a Sydney, Australia-based electronics design software company. Design engineers use its software for creating complex electronics products. As a result, the software is very sophisticated, and so are the company's customers and prospects. Understanding what matters to these audiences is critical for delivering the most effective design capabilities. Intelligent dialogs help the client "mine the minds" of thousands of design engineers around the world, all at the same time.
For each audience, we send out an email inviting them to participate in an intelligent dialog. They click through to the dialog and interact with a series of questions in a very carefully constructed format. It simulates a real-life, interactive Q&A with an expert, so they feel that they are learning even as they share their opinions. This technique builds goodwill, a concrete step to maintaining a positive reputation. It also allows us to combine quantitative questions (choose one, rank these) with qualitative ones (you said yes, why do you feel that way?). In our parlance, we ask for the what, and we ask for the why.
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Polishing reputation
Let's look at some results from the client's latest customer dialog. We discovered a number of valuable insights that amplified our efforts to augment the client's reputation. While the client's software costs less than its chief competitors', its customers value the product's unified design environment more than price. This is a much better position than price to take in the company's messaging. Other dialog questions exposed strengths and weaknesses of those competitors, giving the message even better positioning.
We also asked questions about specific proof points, such as the level of productivity boost from using the client's software. The result: 84% said 2X or better. That is a powerful statistic now in use in the client's website and media communications.
We took this and other dialog results to the blogosphere and trade media and received extensive coverage: inclusion in a cover story in EDN magazine and articles in major blogs and periodicals. In fact, if you look at the Chip Design magazine example, you'll even see a graph pulled directly from our dialog reports.
In these and other ways, an intelligent dialog contributes directly to corporate reputation.
Building revenue
Now let's focus on the revenue side of the equation. Through careful questioning, we are able to identify the best evangelists in the customer pool and what they care about most. Their opinions are critical to refining the strategy to build revenue. For example, we ask them if they would serve as a reference. Fully 30% of the group said yes, representing hundreds of opportunities to pursue case studies for specific industries and job titles. In software, case studies are critical sales tools.
We have found that these evangelists, if asked politely, are often willing to engage with prospects through social media. As the client's social media marketing agency, we monitor customer and prospect conversations around the world. Sometimes we find individuals who are evaluating the client's products and asking for opinions. On more than one occasion, we've been able to invite an evangelist to respond to such an individual. This technique takes a great deal of finesse and respect, but pays off directly in both reputation and eventual sales.
We also take the intelligent dialog responses to fine tune the sales process itself. For example, we have much better intelligence about the size and responsiveness of various market segments. We find out how long the sales cycle is and at what level sales decisions are made. We learn the average size of the customers' designs. All this information and more comes right out of the dialog reporting and is immediately useful in refining the sales process.
The whats and whys, in weeks
Many of these questions could be answered by listening to customers over time—through traditional means like customer visits and trade shows, and using social media monitoring tools as McBru does. But an intelligent dialog is a better choice when you need answers to specific questions fast. Under the right circumstances, you can engage hundreds or thousands of individuals and derive actionable answers—the whats and the whys—in a couple of weeks.
So, any questions?
Thanks,
David Smith
Creative Director
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