Marketing, In Crisis
None of us know for certain what the new "normal" will look like or when we'll arrive at it. It can be a challenge for marketing to help their companies succeed in an environment where everything is shifting, including priorities. This group of marketer experts explores the current environment, what brands are doing that works, and how to move ahead.
Watch the on-demand webinar below, see our key takeaways, FAQs, and let us know if you have further questions or just want to hear more about what others are doing.
On-demand webinar: Marketing, In Crisis
Our key takeaways:
If you’re selling a high-end B2B service, how do you avoid eroding your brand by lowering your rates?
In general, donate vs. discount. Consider donating your time, product, or service in cases you deem deserving, versus discounting. This keeps pricing steady/defensible while responding with empathy to situations that require a different approach. It’s hard to “go back” once a discounted period is done.
What if I am selling a service that is important but not “essential” – I worry that attention and budgets for that go away first?
We think timing is everything here. Maybe less contact but with more “umph” when you do reach out is an option – e.g., a letter from the CEO to customers with some offer or give away to maintain and keep your product or services on their minds, for “further action” when the time is right.
Do you think my buyer has shifted at all from “the usual suspects” and do I need to include messages that might appeal to other people like HR, risk/CFO, etc.
Yes, but really the buyer universe had likely already expanded. For example, in B2B tech services, there are on average 5 different stakeholders for big-ticket buys of SW and SW-enabled services, from end users up to C-level. Experiment with different target audiences on LinkedIn ads, dialing in on specific prospects types in very measurable ways.
Additional resources and links:
All Elements | MeetingMaker: a lightweight tool to manage your 1:1s, temporarily free during the Pandemic stay at home period. (thanks Julie!)
10 Strategies to Successfully Adjust your Life & Business in a Time of Crisis: helpful resources from mission-driven leaders (thanks Christina!)
20-questions-to-a-better-business-brand: a good first step to re-examine everything about your pre-COVID-19 GTM strategy. (thanks Lou!)
And from some of our attendees...
Another accessibility issue is CAPTCHA. Make sure you have the ability to utilize audio captcha on your website (thanks to Erin Edgars)
Another company that is local to RTP is LCI Tech, which focuses on digital accessibility. (thanks to Jamie Ousterout)
For our community support, we are aiming to raise funds for our three go-to non-profits focused on food, shelter, and opportunity. We are several hundred dollars into it. Click on the logos below to learn more: