The Importance of Finding “False Positive” Brand Advocates

‘Tis the season for Christmas catalogs. Tons of them roll into mailboxes across the country and, shortly thereafter, into recycling bins. In our house, two catalogs escape this fate but for different reasons.

I am an “all-in” fan boy of the Patagonia brand. In my opinion, Patagonia is THE most authentic brand in the world. “Worn Wear” is probably its best brand cam
paign ever, and “Unbroken Ground” the best product launch campaign. I believe in the company’s causes, point of view on the world, anti-consumerism message – all of it! The catalogs are as much about adventure and causes as they are about the clothing.

The other catalog that escapes the recycling bin, at least temporarily, is Orvis. Its prominently-displayed coupons on the cover have me at “hello.” “Free money” works for me – so much so, I’m conditioned to respond to a coupon that the last time I bought something without one I developed a rash. Yes, I know the discount is baked into the price, but it works. I peruse the catalog looking for an item to apply the discount as soon as the catalog arrives.

So here’s the difference: while I spend more time reading the Patagonia catalog, I buy more from Orvis. In fact, despite my love for the brand, I don’t own any Patagonia clothing. In the business-to-business (B2B) world, I am what you would call a “false positive.” I’ll consume your content all day long but I won’t convert. And in today’s world of deep targeting and conversion-focused metrics, I might get missed.

Brand advocates, like me, are incredibly important for B2B brands. In the book, “The Challenger Customer” by Brent Adamson and others, I would be described to as a “mobilizer.” Mobilizers advocate for brands with other decision makers within the decision-making team. In fact, the likelihood of a closed deal increases dramatically if you can find one to champion your brand.

In our home, I’m the brand advocate and economic buyer and my son is the user. The reason I don’t buy Patagonia is that I believe their clothing is more of a fit for a teenager who refers to it as “Fratagonia.” I’m more the Orvis generation, but I alert my son to things I think he would like because, unlike me, he spends zero time looking at “old school” offline catalogs.

This same pattern is repeated in the business-buying world. Brand advocates will spend hours reading your content, watching your videos, and attending your events. They’ll show up in Salesforce as leads but will never advance, causing frustration for sales reps and managers. So why shouldn’t we dismiss them? They’re also the ones who will recommend your brand to a colleague who is searching for a vendor to fit a need.

The challenge has been identifying and targeting “mobilizers” as described by Adamson and his colleagues. After spending about a year trying to figure this out, we’ve discovered three “markers” that might help lead you to these mystical influencers.

  1. Consumption of long form content. In a world moving to shorter and shorter content, mobilizers will invest time with your content. They’ll spend the seven, or even twenty minutes, to view a video if it’s well done. And don’t take all of the long form content off the website just yet. These folks will consume and summarize key points for others. Pay special attention to time spent on the page, along with visitor viewing habits on heavier content pages.
  2. Repeat visits over a longer period of time. Buyers who are in the decision-making process have a tendency to “burst” visits. They’ll hit your site in rapid succession and consume a large quantity of content over a brief period of time. Brand advocates – like mobilizers – consume content more consistently over a longer period of time. Watch and track your repeat visitors, and see if they are also subscribing to your e-newsletter, attending webcasts, etc. You need to track and trend these visitors over the year (or even two).
  3. Sharing habits. Another trigger for tracking these influencers is the sharing of habits. They’ll share content they find to be meaningful. Take a look at consistent content sharers. Make sure you have them identified in your ABM programs. Build email campaigns with content links that are intended to travel, and watch where they land.

Make sure you can aggregate all of the activity mentioned above against a single profile. You’ll need all the data to identify mobilizers. The other homework assignment is to take a hard look at your organization and ask if you have the type of content that would create and energize brand advocates. What does the organization stand for? What is its point of view, its purpose? If it’s “to sell something” or “to make money,” you don’t have it.

Why B2B Marketers Struggle Selling Brand Building Investments

follow-1210793_640Having a hard time convincing “the powers that be” to invest in the brand? Ever wonder why it’s so hard, why all they want from marketing is leads? Let me explain.

In organically grown companies, an organization develops a product or service and goes to market through a sale channel, either owned or via a partner. At this point, the organization is focused on acquiring customers and generating revenue. With low market awareness the organization typically has more sales capacity than demand for its products or services.

If marketing exists, it’s in its infancy, and plays a tactical role developing sales material, supporting business development activities, and it may have a small social media presence.

To fuel the company’s growth, the management team begins to realize in order to make sales and revenue objectives it has to be able to create demand beyond what the sales channels can generate on its own. As a result, marketing expands beyond its most basic sales enablement role into being responsible for generating leads.

When growth slows and/or begins to plateau, the executive management team will (or should) begin to explore the value of “strategic” marketing. Unfortunately, these strategic marketing activities and investments aimed at broadening awareness of the brand are often misunderstood and/or dismissed all together. Here’s why they shouldn’t be, and why they are critical to unlocking a company’s next phase of growth.

Why it’s so hard getting to “Yes”

The challenge in convincing the organization that marketing can be a strategic growth level is one of perception. Because marketing evolves “bottom up” as I just described, the common perception among executives is that marketing is a “tactical support” function.

The second issue is the messenger. The staffing needs of marketing in its infancy are simple, and usually satisfied by an entry-level hire or someone without a marketing background. Rarely, will this person rise to a senior management level. Achieving senior executive “gravitas” is critical for changing perception among the senior management team, especially if the company has a strong sales and/or product culture.

How to win the battle

To convince executives, you have to tie brand investments back to something “tangible.” Your argument has to show a direct connection to an organizations performance, be it sales, profit or the customer. And, if you can improve your message, you will also improve how your executives view the messenger. Here are three areas to explore.

  1. A strong/valued brand lifts price point. Are reps constantly complaining about being beaten up on regarding cost/price? A company that has a strong brand can command a price premium. Years ago, I did some work with competitor of Cisco and found that the Cisco brand had a price premium of 7% over the competitors. Why? B2B purchases are high risk, and as a result, are emotionally charged. Buyers that connect personally to brands are willing to pay more for their product if they believe it will reduce the risk of a bad decision. Need proof, click here.
  2. Improving top of the funnel performance improves the performance of the entire pipeline. Need to increase leads? You have two choices, expand the top of the funnel, or increase conversation rates. The best solution is to do both. By expanding the number of prospects aware of your product you increase the number who will also consider it, which increases the number of opportunities, leads and wins. If you only focus on increasing leads, you’re stuck with improving conversion rates, which may be much more difficult and/or costly.
  3. Brand building doesn’t mean you need a big budget. The fact is you’re doing it everyday, for better or worse. Every conversation a sales rep has with a prospect creates a brand impression, every unresolved service call to the contact center has the potential to damage the brand. You can make great strides by clearly and consistently communicating what the brand stands for both internally and externally. Once defined, put it into the language of your audience in the simplest terms possible. Complex, “consultant like” words and terms are meaningless. The really smart folks simplify the complex.

Now that you’ve made the argument, it’s time to close the deal. When an executive evaluates a proposal from your company against other competitors, do you know what tips the scale in your favor? No, it’s not price, or the “relationship,” it’s your reputation, your brand. It’s how they feel about your company…and that’s not in your proposal.

Why “Cheating” Brands Break Customers’ Hearts

IMG_1184The Volkswagen scandal has already claimed the CEO. But could the damage also take down the company, or be the nail in the coffin for diesel automobiles in the US? Some are starting to think so: VW stock has fallen 30 percent since the scandal broke, and there are broader concerns about the impact on the reputation of Germany’s automobile industry. How could something that has the potential to be so damaging to an organization, and industry, happen?

At some point, someone in the VW organization decided to cheat, and others within the organization approved that decision. And with that, it set in motion a chain of events that would reach across the organization. Someone designed the “defeat device” that could sense when the car was undergoing emission testing; another group tested the software to ensure it was working properly. Others submitted data to governing organizations using the deceptive and/or outright false data and so on (you get the picture, and it’s not pretty). VW’s corporate culture condoned this behavior.

“Big deal,” you say. “Things like this are probably going on in big global corporations all the time, all over the world. CEOs are out to win at any cost.” Not so fast. Research from the FORTUNE Knowledge Group and gyro found that sixty percent of executives prefer to do business with companies that are intent on doing what’s right, even when it doesn’t necessarily maximize revenue.

And don’t think that CEOs aren’t paying attention to a company’s reputation. When choosing a company to do business with, 70 percent of executives in the study cite company reputation as the most influential factor, with the company’s culture being the top driver of reputation, according to 53 percent of executives surveyed by FORTUNE and gyro.

Not only will VW take it on the chin from consumers – especially customers who own their diesel cars – but they are also going to feel the repercussion on the business side as well. Key decision makers, from suppliers to dealers, are going to be distancing themselves from the organization. This could potentially hurt the company’s ability to repair its reputation, which, according to a 2013 study by Deloitte, is the “number one strategic risk for large companies.”

The lesson: If you cheat, you will eventually get caught. Even though you may be able to avoid punishment (like a certain football player), you will not escape having your brand and reputation damaged. For some brands, that could represent up to two-thirds of the company’s value.

When an organization deceives us, they betray our trust and it’s deeply personal. It doesn’t matter if it’s a friend or a car manufacturer, our brains trust brands the same way we trust our friends, according to research from the Institute for Experimental Business Psychology at Leuphana University in Luneburg, Germany (of all places).