1 Five Principles for Marketing Success 2 sparking results 5 things to do...and not do...to market your innovations Pop Quiz 3 What percentage of gross revenues should a growing company in a competitive industry earmark for marketing? Principle #1 4 Focus on Marketing Early/Often Don’t put marketing last. Integrate it into every aspect of your business. An afterthought A guidepost Principle #1: Focus on Marketing Early/Often 5 Principle #1: Focus on Marketing Early/Often Their brand vision shapes everything: product design, naming, advertising, operations, customer experience, etc. $150B+ company 20% of value attributed to “brand” asset 660% increase in stock price over the 2000s... 6 Principle #1: Focus on Marketing Early/Often 7 Principle #2 8 Prioritize Your Audiences If you try to say too much to too many, you end up conveying too little to too few. All things to all people The best option for targeted groups Principle #2: Prioritize Your Audiences 9 Which audiences: • can benefit most from our product/expertise? • are “ready” to appreciate its value, to finance its purchase, to integrate it into their operations? • offer a good balance between the cost to reach...and the value they’ll return? Principle #3 10 Hone Your Positioning No one really cares about what you do. They care about what you can do for them. What you want to say What they want to hear Principle #3: Hone Your Positioning Brand Category What are we—in terms that are meaningful to our target audiences? Brand Promise How do we make life better for our key audiences? Brand Credentials Why should you believe we can deliver on that promise? 11 Principle #3: Hone Your Positioning Starbucks is a third community between home and work... ...that offers a welcome respite for busy people where they can get what they want, how they want it. 12 Principle #4 13 Turn Emotion into Motion You can’t just deliver the facts. You have to sell the story. Data dumping Story selling Principle #4: Turn Emotion into Motion 14 Principle #4: Turn Emotion into Motion 15 Principle #5 16 Create Connection Plans The only one way to reach your audience is to realize there’s never only one way. The “silver bullet” tactic The ongoing relationship Pop Quiz 17 According to Forrester Research, what percent of the decision has been made before a buyer contacts a company about its products or services? Principle #5: Create Connection Plans 18 Websites/landing pages PR/social media/ content marketing Virtual/actual events/conferences Print advertising Search marketing Email/digital/direct marketing Prospect/customer experience Principle #5: Create Connection Plans 19 20 We hope this information sparks some new insights for you. Questions, please call Jill Adams at (860) 676-2300, x100 or Marc McFarland at (860) 676-2300, x126 for more information. jill.adams@adamsknight.com marc.mcfarland@adamsknight.com