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WordBiz Brief Vol. I, Issue 1 - July, 2001
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Subscribe FREE: http://www.wordbiz.com/signup.html
Get our FREE Guide to Killer Copywriting when you sign up!
In this issue...
EXCLUSIVE INTERVIEW: B2B direct marketing expert Ruth P. Stevens on why retention
- not prospecting - email marketing is the killer app for B2B.
Plus:
-- HANDS-ON CONTENT TIP
-- OUR UPDATED GUIDE TO KILLER COPYWRITING
-- B2B E-MARKETING RESOURCES
-- PUBLISHER'S NOTE
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EXCLUSIVE INTERVIEW: Ruth P. Stevens
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Unless you've had your head in a hole
for the past year, youre familiar with the commonly held assumption: email
marketing is the magic bullet for fast, cost-efficient, trackable customer acquisition.
But is this true for B2B marketers?
We've had a sneaking suspicion that
B2B email marketing for prospecting is more wishful thinking than reality at
this point. There just aren't enough good lists. And with good reason: how can
you target precisely when your manager, director and CXX-level prospects are
playing musical chairs. First it was new titles, then it was job hopping. Now
many of your targets, especially if they're marketing types with dot com companies,
are out on the street.Take a look at the stacks of business cards on your desk.
Sadly, shouldn't you be tossing a bunch of them?
We checked in with Ruth P. Stevens,
a New York-based B2B direct marketing expert (she's both president of eMarketing
Strategy and an adjunct professor at N.Y.U.) for her take on how B2B marketers
should be integrating the Internet and the Web - and specifically email - into
their marketing strategy.
Lo and behold, Stevens offered the
same opinion I've been secretly holding (or withholding) as the author of ClickZ's
B2B Email Marketing column. "Email marketing for B2B isn't there yet for
prospecting," she said. "It's strictly because lists are not yet available.
If you're looking for high-tech prospects, such as network administrators or
database managers, you can find some pretty good lists - that are both targetable
and segmentable. But there are no email files for widget buyers because the
medium is still immature."
Will this change? Yes, she says. As
more email address files become available she thinks this will be a very good
way to do prospecting. Two reasons: 1) business buyers want and need information
to do their jobs; 2) viral marketing is a natural for B2B. Everyone wants brownie
points for passing useful information on to their colleagues. It makes them
look good.
In teaching her direct marketing class,
Stevens breaks down the B2B go-to-market process into seven stages.
The seven are: 1) researching customer
needs; 2) communicating;
3) fulfillment (delivering more information); 4) generating and qualifying leads;
5) the transaction (on or offline, depending on the product or service); 6)
managing the relationship with the customer; and 7) getting referrals from satisfied
customers.
What she calls the "e-" of
marketing, i.e. email and the Web, play a role at every step. "The 'e'
plays beautifully at each of these stages," she says. "You can take
what you're doing now and automate it. Or do it faster, cheaper, better."
Research, which is an important marketing
tool for B2B, is a perfect example. "Your audience is so much smaller and
thus each account has so much value... With online focus groups you don't have
to have a nexus of customers in any one city. They can be all over the world."
Specifically, online media offers three
powerful communications tools for B2B, she says: 1) Web sites; 2) email; and
3) Web-based seminars. The best application for email in B2B is for retention
of prospects and current customers -- folks a company already has a relationship
with.
Her B2B email and Web content tips:
E-NEWSLETTERS:
E-newsletters are the number one retention tool.
TRIGGERED EMAIL:
Number two is triggered email (also known as autoresponders or lights-out campaigning.)
This means a series of messages you've sequenced to go out automatically according
to a decision tree. I.e., if a prospect signs up to download your white paper,
she automatically gets a follow-up email from you in five minutes or in three
days (depending on how you schedule it) asking if she wants more information.
Another example: if someone has purchased something through your site, an automatic
message goes out several days later from customer service, offering support
and, if appropriate, cross sell or upsell.
PRE-SALE LEAD MANAGEMENT:
If a prospect has requested collateral they can go to your Web site and download
a PDF spec sheet. Of course, you can update and customize your online collateral
as often as you want. Then you follow up a few minutes later with a message:
"How did you like learning about our product? What else do you need to
know?"
In sum, email is so much better than
the phone to qualify leads, she says. "When you play phone tag you end
up throwing leads away. Email is the greatest qualifying medium ever to come
down the pike."
Ruth Stevens / eMarketing Strategy:
http://www.ruthstevens.com/
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PLEASE FORWARD
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Hey, if you like what you're reading and find it useful, please forward this
to a colleague so he/she can sign up and get our FREE Guide to Killer Copywriting
(without cutting, thanks!) ///////////////
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HANDS-ON CONTENT TIP
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Do you have a content formula? An astute
ClickZ reader responded as follows to one of my recent columns on developing
content for e-newsletters. "The most successful content formula is situation/
problem/fix in a story or parable format," writes Dan Lucas, a sales trainer.
"The fix has to be brief and usually fixes only one element or provides
a structure for one to develop some of their own fixes."
Great point and a good example of two
basic rules for e-newsletter content: 1) package your information so that it's
easy to grasp your key message and 2) "less is more." "Global
or complicated fixes lose readers," Lucas concludes. His e-newsletter is
directed at salespeople, sales managers and CEOs. His most popular issues feature
a story about "the big ones" salespeople miss because of flawed tactics
and strategies. His "fix" addresses how they might have landed the
sale or how to
avoid spending to much time chasing down a phantom opportunity.
Dan Lucas
http://www.lucasbusinessdevelopment.com
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UPDATED GUIDE TO KILLER COPYWRITING
/////////////
Weve revised our Guide to Killer
Copywriting for the Web. Our downloadable FREE guide has a spiffy new look plus
an updated list of resources. You can take a look or download it again at:
http://www.wordbiz.com
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B2B E-MARKETING RESOURCES
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I've got a good roundup of resources
(including e-newsletters, Web sites and several books) for information on B2B
email marketing in a recent ClickZ column: "Summer Reading List" http://clickz.com/article/cz.4090.html
Some highlights from the column:
B2B Online site:
http://www.netb2b.com/
B2B's Hands-On E-newsletter:
http://www.netb2b.com/newsletters/
iMarketing News / DM News Email Marketing
weekly roundup: http://www.dmnews.com/process/sub_e_dm1.html
eMarketer's Email Marketing Weekly:
http://www.emarketer.com/newsletters/?ref=emw
Email Marketing News: http://www.emailmarketingnews.com/newsletters.php3
MarketingSherpa's B2BMarketingBiz:
http://www.b2bmarketingbiz.com/
OptIn News site:
http://www.optinnews.com/
DEFUNCT Digitrends Advertising &
Marketing section: http://www.digitrends.net/marketing/index.html
Other sites with great content for B2B marketers, especially those interested
in email and e-newsletters:
InternetVIZ
http://www.internetviz.com/library.htm
ManyWorlds
http://www.manyworlds.com
Peer Views
http://www.peerviews.com/article_menu.html
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Publishers Note
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This might come as a surprise (it did
to me) but launching an e-newsletter earns a spot on lifes "significant
challenges" list. After counseling clients and advising ClickZ readers
on top tips for killer e-newsletter content and why placing a e-newsletter sponsorship
ad is a good bet, youd think it would be a piece of cake.
Hardly. Theres nothing like swallowing
your own medicine for an icy jolt. From plotting how to drive subscriber sign-ups
on a limited marketing budget to deciding what content would be useful, I agonized
every step of the way. Of course, that might be my style. Im reminded
of something that the late Kay Graham said to a reporter who had just filed
her first column. The gutsy former publisher of The Washington Post died this
week at the age of 84. "We (women) are our own worst enemies... Do you
think there is even one man out there who is worrying about what he just wrote?"
My goal is for this e-newsletter to
evolve into a useful and provocative resource for B2B marketers who struggle
everyday with what to write and how to say it, in order to make e-newsletters,
email marketing and Web site content both reflect and drive business objectives.
It will also be an occasional vehicle for "outtakes" from my ClickZ
column; you know, the stuff I couldn't write, along with noteworthy responses
from ClickZ readers.
But I'm especially looking forward
to your comments and thoughts. As well as best practice examples of how you
are using online content to get business results. For example, did you close
a sale from a lead generated by your e-newsletter? Who knows -
maybe you'll be a featured interview! Don't hold back. SEND ME YOUR FEEDBACK!
mailto:feedback@wordbiz.com
Two ClickZ B2B Email Marketing columns
referred to:
Top Five Tops for Killer E-newsletter
Content http://clickz.com/article/cz.4057.html
E-newsletters: A Smart Choice Now http://clickz.com/article/cz.3882.html
Best regards,
Debbie
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Debbie Weil
Publisher and President/CEO,
WordBiz.com, Inc.
P.O. Box 3766
Washington DC 20027
http://www.wordbiz.com/
+1 202.333.2022 land
+1 202.255.1467 mobile
mailto:debbie.weil@gmail.com
=================
ABOUT WORDBIZ.COM
We help B2B marketers leverage online
content - in an e-newsletter, on your Web site and through email marketing campaigns
- to get business results. Compelling content builds credibility, generates
more qualified leads, establishes your company as a thought leader, drives upsell
and cross-sell opportunities, and can be your number one retention tool.
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ABOUT CLICKZ COLUMNS on B2B Email Marketing and E-newsletter Strategies
You can subscribe and read back issues
at:
http://www.clickz.com/author/index.php/19313
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