A Short Guide to Smart B2B Marketing Launches

The good news about B2B marketing is its ultimate practical nature. To misquote Chaucer, “Value will out.” In the majority of cases, business-to-business purchasing is driven by practical considerations including but not limited to:

-Clear and understandable value your offering brings to the buyer

-Timing, as B2B purchases are typically made only when needed (sometimes later!)

-Reputation, because business purchasing decision-makers are often risk averse

-The right price, because the bottom line matters and competition, both direct and indirect, can be fierce; but remember, the lowest price on the market may connote “cheap” so play your cards right

-Problem-solving and pain reduction, because business is nearly always tough and your offering should make it easier

The other good news about B2B marketing launches is that, if you do your homework, you can pretty nicely identify and target your prospective buyers.

-Decide if you have one or multiple vertical markets to reach (schools, hospitals and hotels or just one of these)?

-Determine who is likely to make and to influence the buying decision.

-Research the way these people, as a group or singly, like to get their information (websites, trade shows, social media, video, print or online media, word-of-mouth, search engines, inbound marketing)?

-Remember that delivering your message via multiple methods and media will generally give you stronger results than the Monomaniac Approach of one form of outreach forever.

Once you’ve done some homework and you have your B2B product or offering ready to go, leverage your knowledge and tell your story.

-If your offering is “news” (and a new product or service of value typically is news), treat it as such, with media outreach, video how-tos, social media, trade show exhibition, eblasts, advertising, and lots more.

-Follow up with ongoing “drip” marketing, telling stories, creating case studies, continuing to advertise, and offering advice of value.

-Remember that when you are sick and tired of deluging the market with the same old messages, your prospects may just be beginning to notice them.

-Do you have a high-value offering and key prospects? Consider conversion marketing, in which you reach out to these same people multiple times, in a range of different ways.

-Can you become the expert in the solution you are offering? We may be getting tired of hearing the term “thought leadership,” but it still matters. Offering counsel, expertise and value through presentations at trade shows or conferences, writing white papers, blogging, and publishing articles makes your expertise, and if properly done, your offering top-of-mind.

-Learn as you go. You may later realize that the benefit you ranked as third in importance when you launched turns out to be #1. Revise and leverage. You may find out that schools really want the product you thought was ideal for hospitals. You may discover that your best customers buy one or two right away, and that the biggest prospects take two years to get you a purchase order. Smart B2B marketers are ready and able to adapt to realities and changes in plans.

-Repeat. Keep improving your offering, your messaging, your targeting, and your sales. Once you have the hang of this, you’ll want to keep at it.

Top five truths to review before your marketing launch

Recently I had the privilege of speaking to a group of entrepreneurs and business leaders to share facts they needed to know for any marketing launch.

There is nothing better than speaking to a crowd to vet what matters most to real businesses launching real stuff. It was a great experience, and I look forward to giving the same presentation again.

Among the 50 facts I shared, there are perhaps five basics that are most important for launchers to understand. These can form the overlay for all your efforts to follow.

1. You should exercise the full power and the breadth of launch marketing.

If you can offer “something” and it’s worth offering at all, it’s probably also worth launching. This means that you can conduct a marketing launch not only for a new product or service, but also for your brand, your messaging and even your point of view and organizational changes.

2. Many companies give up marketing at the least indication that “it’s not working.” Yet if you keep on marketing, you are already one BIG step ahead of the game. Many times, it takes repeated exposures to a brand, product or idea before a prospect becomes a buyer. By giving up too soon, you fail to achieve that critical number of prospect touches.

3. On the other hand, if you don’t believe what you’re saying, don’t say it. Sometimes we’ve worked so hard on something that we feel we have to keep pushing it along, no matter what. Consider the principle of sunk costs. Peddling a bad concept? Selling a product that should be retired already? Adapt, pivot or drop it.

4. ROI is important… and you won’t always have the means to track it. Sure, it’s important to make sure you’re getting results. But there are some really great forms of marketing (media relations, speaking engagements and cause marketing are just three examples) with which you won’t always be able to quantify precisely the fruits of your efforts…especially not immediately. Don’t get caught up in bean counting. Do the marketing anyway.

5. Assure prospects that they are not about to make a mistake in dealing with you. People seldom buy what they can’t understand. Fear, uncertainty and doubt (FUD) kill the sale. Solving the problem of FUD makes the sale. Just remember, fear of regret is a very powerful anti-motivator.

Remember that basic wisdom - that which is most easily forgotten - can take you far.