This is our last post this year and I don’t know about you, but I’ll be glad to see the end of 2020. I know that everyone is tired of dealing with COVID, and tired of trying to find the silver lining. We’re tired of thinking about it and preparing for it every time we leave our homes – and even tired of being at home.
It’s not just about business, it’s about our personal lives too. Everyone is thinking, “What’s it going to look like for the holidays? When am I going to see my family again? When am I going to see my friends again?” And you know what, the answer is this: it’s unfortunately going to be a bit longer. I wish it wasn’t the case.
Yes, it’s hard. There’s no doubt about that. But, the good news is that we can absolutely get through this. It is just another challenge in our journey, and we will all have stories to tell about how we survived both personally and professionally. We just need to be patient and hang on.
We are all managing through this fog of indecision and uncertainty. If anyone still feels like they are the only one feeling that way, please give me a call because I will tell you that you’re definitely not alone.
And guess what? Not only are we managing our day-to-day activities in a fog, but whole companies and sales and marketing and product management departments are managing business in a fog. We’re all struggling for clarity, we’re trying to manage it, we’re all trying to figure things out – and we can’t rely on last year’s data.
How to market without historical data
Marketing departments tend to do things based on data. We ask: “What did we do last year? What publications did we advertise or publish in last year? What trade shows did we do? And how well did that provide sales leads and awareness?”
I don’t think a lot of that data is relevant anymore. While I think you should look at your data and should monitor it monthly, 2020 has been a challenge for all of us. Many marketing departments are lacking clarity and struggling to manage this mass of marketing without any data relevant to today’s environment.
Yes, we can learn from history, and we should always learn from history, but things have changed. We must pay attention to the fact that things have changed. We need to process the change and collect and act on current data while keeping aware that there could be more changes.
What did we learn over the course of this year?
- We learned that as organizations we have to be more digitally focused and think more broadly.
As I mentioned, the old data doesn’t apply here so you can’t do the same thing you did last year just because that’s the way it’s always been done. Frequently, marketing departments tend to do the same things that worked the year before. But, now you have to figure out what tomorrow might look like. And yes, that’s going to mean educated guesswork and testing. The best part about this is we get to put on our creative hat and think outside of the box.
We learned that a strong digital strategy is key. Without a digital strategy and without a place for people to find out information about your products or services, or go buy your product, you’re sunk. Take a hard look at your website – are you marketing to your customers? Are you being the thought leader in your industry? If not, it’s going to impact your sales more now than ever, because there’s nowhere else for people to go to get the information.
- We learned that we need to be able to pivot our marketing at almost a moment’s notice.
It may be time to pull out our copies of “Who Moved My Cheese?” for a refresher. When someone moves your ability to market in the ways that always worked in the past, as marketers, we need to be able to pivot and that’s not always as easy as you’d like it to be.
For example, look at trade shows. They disappeared – except for virtually – this year and the truth is, you’re probably not going to any trade shows at the beginning of next year either. It’s scary, but very true. And looking ahead to how conferences are held, it may not go back to the way it was. We all learned that trade shows and conferences are very important, but they cannot be the only way to get our message out and reach our customers.
In order to easily pivot your marketing, you need to have a full range of tools in your toolbox. This means the right marketing software coupled with the right content.
- We learned that it’s crucial to be organized and have a real marketing plan. When marketing departments didn’t have a marketing plan with a digital strategy and the organizational ability to implement it, they weren’t able to pivot – they were stymied. Instead, what happened was companies tried to bolt together random sections of pipe (the ‘pipe’ being a metaphor for marketing activities) creating a new marketing initiative to replace what had been budgeted based on prior years’ marketing efforts. The result of bolting small pieces of pipe together was a very leaky pipe – those leaks were all their potential leads and customers disappearing through the holes in their marketing.
We learned that you can’t just bolt pieces together. Every time you do, you add a joint and every joint represents a potential problem. You have to think about your audience holistically and create a solid length of pipe – an overall marketing plan.
Marketing is not just a website. It’s not just your print advertising. It’s not just your digital advertising or social media. It is a whole functioning organism that needs all of its parts and systems to work together to keep the entire body healthy.
What this has proven to even the most doubtful of marketing managers is that you need a holistic and integrated marketing plan which includes a strong digital strategy as well as a non-digital strategy. You also need the right messaging and assets to deliver on both those plans.
- We learned that the market has shifted and sales and marketing must improve collaboration.
I have talked about how sales and marketing need to be best friends in the past and it’s never truer than right now. Both sales and marketing need to step up. Sales needs to start contacting customers one-on-one to get real facts which drive the development of messaging and KOLs. Marketing needs to use that information to continue reaching out – to keep the brand front and center.
Overall we’ve learned that things can change quickly and we have to be prepared as organizations to not just look at what we have right here and now, but to see the full picture. We have to continually evaluate strategies and how you’re marketing. We must re-think how you spend your marketing dollars.
We need to remember that when we get back to whatever “normal” looks like now, it will change again. 2020 is not the first change, but I do think this particular change has forever altered how we think and deliver marketing in a B2B world. Companies should embrace the holistic marketing approach to succeed.
Brandwidth Solutions serves the healthcare, life sciences, energy, and contract pharma industries. We work with companies that want to make the most of their marketing – who want their marketing empowered to help drive leads – and ultimately sales. If you want to move your product or service forward in a smart way, we want to work with you. Call us at 215.997.8575.