What is Marketing Automation?

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Marketing Automation is the hottest phrase in marketing.

In a nutshell, it is a process of leveraging digital technology to facilitate online discovery of a product or service, acquire a qualified sales lead, and nurture that lead closer and closer to a buying decision — with little or no human intervention until the optimum moment of contact and/or close.

Marketing Automation is also synonymous with a wide variety of software programs that marketers use to facilitate this inbound marketing process.

But software by itself is not worth a hill of beans without a solid strategy designed specifically for your particular business and prospective customer.

So let’s go back to the start…

If you or someone in your organization has identified the need for marketing automation, then there is likely an understanding that two things have changed for the business.

1. The traditional methods of sales are not working. It’s getting harder to sell!
2. Most prospects would rather cut off their ear than listener to a sales pitch.

Consumers want to discover your product either through search or through a social recommendation. In fact, 82% of B2B buyers start with an internet search.

Your team, perhaps with guidance from your digital marketing agency, will help you determine the strategy and marketing automation tools required to design and execute an entire program, to attract visitors to your business, pre-qualify leads and nurture them with specifically crafted content and offers to lead them through the various stages of your deal funnel.

Only at this stage is it a wise to employ a marketing automation software program to carry out the program devised above. If you pour money into a SAAS (software-as-a-solution) without a plan, you will be wasting your precious marketing dollars. Arguably the true value is in the plan, not the software. In fact, the best digital marketing agencies will provide a robust agency-grade marketing automation software program at little or no cost when you work with them to create, measure, and refine a plan to reach specific goals.

The agency will also train your marketers to properly drive the system on an ongoing basis. Of critical importance is the need to assess performance of every campaign every 30 days. Your agency will be able to crunch the data, make adjustments based on the results, and help you make better business decisions as a result.

Most importantly, you will be generating more, highly qualified leads, meaning that the sales department will spend more precious time closing than warming up cold prospects. Companies that use inbound marketing automation campaigns routinely close 15-30% more business with a properly coordinated strategy and execution.

Momentum Marketing offers comprehensive Inbound Marketing strategy and service coupled with our powerful agency-grade Momentum Marketing Automation software – all for less than a monthly subscription alone for other leading SAAS solutions.

Invest your precious marketing into inbound marketing strategy and training that will drive your business and your team forward. (And get the software for free.)

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community engagement

5 Keys To Engaging and Driving Online Community Engagement

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Online strategies aren’t just about setting up accounts on the right platforms – your strategy needs to involve true engagement.

Driving online community engagement requires planning, risk management, and a cohesive objective that is clearly stated to all of your key staff members.

1. Word-Of-Mouth Only Goes So Far

You need a plan. Simply signing up for an account on any given social platform does not mean your organization has fulfilled its obligation. Social connections via your chosen networks are not obligations but opportunities to engage directly with your members, prospects, fans, or clients.

As your message spreads and your community grows, how will you feed the appetite for more? Will you be equipped as an organization to create and disseminate your message?

This direct connection requires a clear plan with regard to infrastructure, integration, and, most importantly, a set of rules and policies for disseminating your message. There is nothing more important than a planned and coordinated process for responding to inquiries, comments, and requests.

2. Identify Your Advocates and Feed Them

The key to any community is the full engagement of its members. Early on in your campaign you will discover those advocates who are willing to share your message and push that message to their respective networks. With every Facebook post, tweet, or blog post, your advocates wait to share what your campaign is providing.

Gaining the trust of your online advocates and providing them with a continued stream of shareable content provides ever expanding reach; in turn pulling in more campaign advocates from their respective networks.

Reward their efforts. Recognize and identify your advocates publicly. Thank them whenever, wherever, and however you can. These individuals are the backbone of your campaign’s success.

3. Trust Your Community

Astute observers of successful online campaigns understand the nuances of online communication. Well planned, effectively executed online campaigns have assessed the risks at hand and understand how to mitigate those risks when required.

Just as your community trusts and advocates your campaign, you in turn must trust your community when negative comments or posts arise. Well-fed advocates who have been provided with the right tools will assist in regulating your community – most times without direct intervention.

Ask yourself before you begin: Do you understand how to mitigate risk? Can you identify those in your community who are your advocates? Can you identify those in your community that are Influencers?

4. Rules Of Engagement – Rules / Fears / Clarity Over Control

The rule of online engagement has shifted, placing the power of the message in the hands of the viewer, consumer, or visitor. The intention of a Rules Of Engagement policy is not to handcuff those posting and engaging online.

The intention is to provide a set of guidelines for disseminating content, insuring all messaging is on brand, on target, and true to the core message. Direct brand connections create deep inherent value and keep visitors and advocates coming back.

Community engagement using social media requires a shift in the way organizations view themselves and their relationship with the public. The shift is happening on a cultural, organizational, and individual level. Before committing resources to a social media program, organizations need to know how to mitigate the risks while maximizing the rewards.

The first step is to create a safe space for staff, volunteers, and other stakeholders through clear, effective social media policies. Clarity over control.

When everyone involved knows the purpose of the organization’s social media initiatives—if each individual is clear about his or her role in achieving that purpose and the parameters in which they can participate—those social media initiatives will be that much more successful from the start.

Do you understand the nuances of your community? Have you provided your key internal staff and your community manager with a clear community engagement objective?

5. Tools Don’t Build Communities – People Do

Many times online community engagement continues to fall back on the tools an organization commandeers to share their brand message. However, those tools don’t drive themselves. It’s the people that organize and implement the campaign who are the key to a successful campaign.

Your community manager, the advocates, and the influencers will make or break the success of your online initiatives.

Can you identify those in your community who are your advocates? Can you identify those in your community that are Influencers? Have you empowered your key internal staff with the tools they require to create a successful online campaign?

social media

Making Money with Social Media

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Many social media marketers talk incessantly about things like “depth of engagement,” “catering to the audience,” and “the importance of a Like.” They can talk about Likes until they’re blue in the face. But what’s the value of a Like to the brand? The answer: It depends on what you plan to do with it.

You can make money with social media. But first you must be prepared to break-up with engagement and fall out of love a little bit with the Like.

At Momentum, we always set out to convey to our clients the importance of a path that provides them with measurable return.

The important questions involving social media are: How do you attract the prospect? How do you convert the prospect to a sale? How do you measure the effectiveness of the process? What does it cost?

In some cases, a brand may only be in it for the Likes. More likely they’ll see an opportunity to drives sales, stimulate trial, or sell event tickets.

In the case of a client of ours in the financial services industry, the initial goal was to accrue Likes as a means of enhancing the credibility of the brand. After a short time with Momentum, we succeeded in helping the client realize a much more lucrative path of leveraging social media to generate leads for its financial services.

We worked with BBC Kids Television to create a strategy of gaining Likes in order to put the daily program schedule in front of new moms and encourage them to subscribe to the channel – clear calls-to-action with measurable results.

We worked with the Vancouver Giants hockey team to create a Facebook advertising campaign to sell $99 White Spot Family Game Paks. The data that Momentum generated in the first few days of the campaign ended up also illuminating the need for an improved, streamlined ticketing process.

Getting beyond engagement for engagement’s sake. That’s performance defined… and the key to making money with Social Media.

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What is a Digital Strategy?

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A well-conceived and properly developed digital strategy is absolutely critical to most every successful marketing plan. When executed, it will leverage all your internet, social, and content marketing initiatives in a way that will generate leads and result in new revenue incredibly fast.

Every business is different. The only common denominator is that all business –regardless of industry – is evolving at an exponential rate. For this reason, it is critical that marketers access the best expertise available to design and create an effective ecosystem that is optimized to deliver the desired results.

The digital ecosystem schematic will illustrate how internet traffic (demand) will be generated and how it is commandeered and routed between web site, blog, audio, video, ebooks, eNewsletters, as well as Facebook, Twitter, LinkedIn, YouTube, and other social sharing platforms.

All internet marketing, social media, and content initiatives must facilitate discovery and inspire social sharing across all appropriate platforms. All content should be shaped specifically for the venue in which it is deployed. And above all, clear rules of engagement must be implemented to avoid public relations disasters.

When working with a good digital agency, it’s not necessary that you have all the answers. Your digital experts will guide you through the process and begin delivering results your business needs and deserves.

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How Associations Can Harness The Power Of Social

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Associations, whether national, regional, or local, are essentially communities. They are comprised of groups of tribes or individuals who are united by shared goals, interests, or preferences. Associations are, by their very nature, social.

This presents a unique and especially prescient opportunity for associations to leverage the power of new social communication, marketing, and media techniques to achieve their goals like never before. Whether they are professional, charitable, trade, political, cultural, or otherwise, associations may need to fulfill multiple mandates: advocacy, awareness, fund raising, education, communicating, lobbying, among others.

Chances are your association’s key initiatives include:

• Communicating with members
• Demonstrating value to the membership
• Advocating on behalf of consumers at large

What Social Can Do

Utilizing social marketing can open a community of engaged advocates, both members and non-members, who are willing to share your message across their respective social networks, generate awareness, and solidify your associations mandate with the public at large. However your association will have to engage with those advocates and leverage the power of social channels effectively. Here’s how.

Three Key Factors In Harnessing Social Channels

1. Be In The Community

Your association needs to be an active participant on all of the obvious networks such as Facebook, Twitter, and LinkedIn. There is no one-size-fits-all solution. This means you need to go where your members are, and they are everywhere.

2. You Need A Plan

Simply signing up for an account on any given social platform does not mean your association has fulfilled its obligation. Social connections via your chosen networks are not obligations but opportunities to engage directly with your members. This direct connection requires a clear plan with regard to infrastructure, integration, and most importantly a set rules of engagement policy. There is nothing more important than a planned and coordinated process for responding to negative comments.

3. Content

Well-crafted and professionally produced text, audio, and video that clearly communicate your organization’s message are core to a great content marketing strategy. Content is the essential asset that will drive readers to your association via online and mobile. Since many associations are in the enviable position of having a business model based on providing information to their members, the raw materials for stellar content is often at their fingertips. Niche by definition, associations that create well crafted, shareable, and SEO friendly content can effectively push their message online.

Harness The Power Of Social Channels

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How to Develop a B2B Content Strategy

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Today’s consumers are like proverbial husbands who refuse to pull over and ask for directions. Folks simply want the instant satisfaction of finding their own way to their destination. Your business is the destination. But can you be found?

This phenomenon has put huge marketing emphasis on the notion of discovery. It’s all the more important because consumers are also increasingly eschewing interruption marketing. No wonder 40% of marketing dollars have been shifted to inbound marketing techniques.

It’s critical that marketers embrace content initiatives and blend them with traditional methods. It’s not a question of whether to move in this direction. It’s a matter of survival.

Getting Started With Creative Content Marketing

1. Get Clear About Your Goals

What do you want to happen as a result of mobilizing a content initiative? Do you need to build awareness for your organization? Are you educating consumers? Or do you want to sell a product or service? If the latter, do you want to incorporate a lead generation component that will deliver prospects into your deal funnel? Setting crystal clear goals will best inform your content strategy.

2. Assess Internal Sources for Content

Most businesses don’t think like media companies unless there is a printing press in the basement or an antenna on the roof. Oftentimes, marketers are surprised to find great raw material sources within the organization. Take inventory. Do you produce or commission proprietary research or industry data? Who within your company has specific expertise, industry cache, or public speaking ability and can they serve as a thought leader for your efforts? These assets are often found right under your nose.

3. Identify External Content Sources

Feeding the content machine requires ready access to external raw material. Assess what is already available from industry associations, co-owned companies, partner organizations, even trade media or publications.

4. Get Help From Content Creation Experts

A medical professional would not all of a sudden feel the need to fix their own car. Likewise a licensed mechanic would never offer a triple bypass with an oil change. Executing a creative content strategy depends on your ability to create engaging, compelling, SEO-optimized… even entertaining content on a regular basis. It’s essential to call on experienced media people who are also marketers in order to deploy content that delivers on all of the above.

5. Develop a Plan and Execute

More than article marketing, web content, or public relations, your content marketing strategy will need to be a highly integrated series of blog posts, audio podcasts, video, white papers, and ebooks – the ultimate mix, of course, will depend on the particular goals of your organization.

Get Started With Content Marketing

A stellar content strategy will flow directly from your goals and will take into consideration all the obstacles that face your business as well as capitalize on specific opportunities in your sector. An optimized approach will facilitate discovery on the part of consumers and imbue your business with credibility as a thought leader in your field.

Businesses that employ inbound marketing and content creation initiatives find it much easier to attract pre-qualified prospects that are predisposed to buy. Finally, as any sales professional will tell you, once value has been established price becomes a secondary or even a non-issue.

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Creating Direct Communication With Potential Investors

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The New Rules For Reaching Retail And Institutional Investors

The key factor behind the bottom-line of any investor relations professional is valuation. The art of effective communication to achieve the highest possible valuation for your company or client is the driving force behind successful, profitable investor relations campaigns.

The internet has fundamentally changed the way in which investor communication is disseminated to investors and potential investors. Early on, the IR section of your company website was a “nice to have” but not a necessary feature. However, in today’s market not only is it expected that your organization maintain an in-depth IR section on your website, governing regulatory bodies now provide guidelines on requirements for those web pages. Communication with investors via your website and the industry standard email subscription newsletter may feel like an effective means for getting out your message but are you effectively harnessing all available channels?

The exponential growth and relatively fast adoption of various social platforms on today’s internet provides IR professionals with an even deeper set of tools to tell their story. You only need to take a look at IR Web Report’s current social media section (click here >) to understand the importance these tools now play in the marketplace. Publicly traded companies are harnessing social channels to communicate with potential investors and shape their brand message. The key to utilizing these essential social channels is a cohesive brand message across all platforms with the understanding that this is a direct connection to your audience; a connection that well exceeds the usual email newsletter approach.

With this direct connection comes a new set of considerations:

1. Cohesion Across Platforms

Across all social platforms, your investors, both retail and institutional need to be viewed as one audience. Retail or institutional, both require the same information. Just as social cannot be the only means for disseminating timely investor information no longer can your website and newsletter be relied upon as the sole means of communication.

2. The Benefits Of Immediacy

Social content pushed through the appropriate channels now places higher than the most meticulously crafted SEO optimized content when searching on Google. Why? Many searches are now based on relevancy and how timely the indexed information is that is being searched for.

3. Shaping Your Message

Monitoring and tracking what is being said about your brand online provides your organization with the ability to engage in conversations that previously occurred beyond your reach. The effective shaping of your corporate message and the governance of a cohesive rules of engagement plan assists in mitigating the inherent risks.

Social media, on all platforms, is no longer a tool solely intended for consumer communication. B2B, HR and now some of the most innovative IR professionals are beginning to appreciate the value in social. We are seeing the emergence of fully socialized businesses in all sectors including those that are publicly traded.

Want to Harness Social For IR?

We can help evolve your social strategy, right now. We begin every client engagement with a Marketing Assessment. And that process begins with a simple conversation.

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Building A Winning B2B Marketing Strategy

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Strategy is the backbone of great marketing. However, it’s the marketing strategy that is the most often overlooked or underdeveloped component of many marketing plans. The consequences of poor strategy can amount to wasted resources or, worse, a failed business initiative.

Bottom line: businesses cannot afford not to develop the correct strategy the first time around. A double negative, I know… but it underscores the point!

Good marketers must be part strategist and part tactician.

Setting Goals

Developing a great marketing strategy requires asking tough questions and developing consensus and clarity around goals. This often requires the marketer to serve as referee among all the stakeholders. The process of goal setting should include senior management and the sales and production teams. Clear objectives will allow effective measurement of all the marketing efforts.

Identifying Obstacles

It is said that knowledge is power. By acknowledging potential impediments to success, each potential course of action considered for the strategy can then be conceived proactively to both achieve goals and thwart obstacles. Like killing two proverbial birds with one stone, it’s far more efficient to hit a goal while at the same time navigating a pitfall. Now the strategy is ready to be created, followed by tactics.

Strategy and Tactics

In order to never confuse the two, think of it this way. Strategy is a high level “roadmap for success” that defines the basic courses of action required to arrive at the correct destination – on time and on budget. Whereas, tactics comprise all the specific actions that must be taken and tools to be employed to successfully execute the strategy.

For instance, “develop a creative advertising campaign to sell the unique brand attributes of quick service at low prices” is a strategy item. “Buy a local television schedule, produce a 30-second spot, and deliver creative” are tactics that support the strategy.

Jumping to Conclusions

We all know what happens when one assumes… When developing sound strategy a true marketing pro must resist the urge to jump to conclusions. Every strategy should be unique to every brand, product, competitive situation, and time (within the product life cycle). One should never attempt to prescribe tactics before all inputs have been considered and analyzed.

Creative for Creative’s Sake

The highly creative marketer has an even harder task, and that is to resist the urge to create for creative’s sake. Strategy must drive creative, not the other way around. The fun path or the first creative thought is not often the right one for the brand. This is why the creative brief is so crucial, especially when the strategy must be communicated to the creative team of copywriters, graphic designers, and others who will be responsible for bringing the campaign to life.

Thinking Deeply

Although a Hollywood-created character, “Mad Men’s” Don Draper, Creative Director with Sterling Cooper Draper Pryce, described the creative process this way. He explained that one must think very deeply about the creative problem being solved. If one thinks deeply enough, (focusing on all of the inputs), the answer will come, perhaps when least expected… even while sleeping or in the shower. Allowing the conscious and unconscious brain to deliver the creative answer is a powerful way to ensure that the work is on goal, on strategy, and will deliver the best possible results for the brand, product, or client. Nothing to it, right!?

Winning Marketing Strategy

Building winning strategy is a deliberate process. It’s not always fun or sexy. Nor is it quickly arrived at without proper evaluation of all the desired outcomes. And in the end, great creative always begins with great strategy, not the other way around.

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The Rebirth of the Living Room Screen = Christmas for Content Providers

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Industry publications love predicting the decline of the living room screen. Sure network television channels suffer from declining viewership, but the living room flat panel has never been more popular with audiences and, especially, advertisers. Even despite the proliferation of a myriad of media content playing devices.

Declines for Networks

Since the arrival of television sixty years ago, the networks have controlled the living room set and enjoyed a monopoly over the advertising shown on it. However, things are changing fast.

When an advertiser buys airtime on a television network, the sole way to measure the effectiveness of the campaign is to rely on Nielsen ratings.

Nielsen ratings are based on a representative sample that is composed of just 25,000 homes (5,000 for national programming and 20,000 for local stations). Collectively they reflect the viewing habits of over 106 million U.S. households in 210 markets. Because TV ratings are based on samples, it’s possible for shows to get a 0.0 rating, despite having an audience (Example: CNBC’s talk show McEnroe). No matter how the sample is selected and how the habits are representative of the population, sample based ratings always are approximations.

Combine these statistical imperfections with the availability of more choices in the living room, and no wonder network is struggling.

Boon for Content Providers

Meanwhile bleeding edge content companies and ad agencies are utilizing the same techniques that have made web advertising a force with which to be reckoned to take over advertising on living room screens.

These content providers have leveraged the smart screen to become an advertising platform that can better target demos and deliver a more reliable set of analytics when it comes to measuring success.

For instance, there are over 27 million Xbox Live subscribers who provided a wide array of information when signing up for the service (name, age, location, etc.). By using their Xbox, and services attached to it, they are constantly providing more data regarding their interests, spending habits, etc.

The way ad placement is sold on screen is not by length of airtime, but per impression, the same way ads are sold online. In the same way that BBC Kids Television can accurately target moms aged 25-54 on Facebook, Nike can target men 25-35 interested in soccer on Xbox Live.

And they have done it! In June 2012, when the NHL Stanley Cup and the UEFA Euro 2012 were overlapping, Nike maximized the efficiency of its ad budget by directly targeting potential customers using Xbox Live. Soccer fans only saw ads relevant to them, and hockey fans weren’t bothered by soccer ads.

In March 2012, The LA Times reported that the amount of time Xbox Live subscribers spent streaming media surpassed the amount of time playing games. Furthermore, Xbox Live media streaming usage was growing 30% yearly, with users spending 84 hours per month connected to the system. This has grown very quickly and now represents more than half the 150 monthly hours the average American family spends watching television networks (according to Nielsen).

Penny Arcade reported that, according to Microsoft, a single ad placement on its console dashboard receives an average 9 million impressions on a weekday and over 15 million on a weekend. Furthermore, their advertising business has grown 142% yearly since 2010.

Lessons for the Networks

Some of the most forward thinking television companies are beginning to see that in order to compete they have to change their ways of targeting and selling advertising.

Tivo’s recent purchase of TRA, a research company that has found success in recent years with a system that matches up television viewing with consumer buying habits, is a clear indication of where things are moving: increasing ad effectiveness.

Evolving Model

The influence of set-top boxes is helping to shape the new business model. Marketing directly to the audience and the harnessing the way in which consumers interact with their televisions is a top priority for agencies and content producers.

Contemplate the opportunity for a moment. Netflix claims that its subscribers viewed over a billion hours of content in the month of June. HBO GO, the streaming video-on-demand app, has achieved success so overwhelming that the premium network is considering offering a streaming only subscription.

Bottom line? The living room screen is new again. It presents a whole new opportunity to connect directly with individuals within the context of the content they choose at the moment they want it with an engagement or offer that’s unique to them. That’s revolutionary.

The living room screen is not only alive and well… it’s where the action is!

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MomentumCurator – Clarity. Focus. Context. Content Curation.

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At Momentum, we make it our business to keep on top of the latest developments in marketing and media. Then we share the best links, and our own insights, with our clients as a courtesy to help them grow their businesses. The feedback has been extremely positive. It started as an eNewsletter. Now, as with all things, it is evolving and we’re giving it a name.

Introducing – Momentum | Curator.

“Content curation” is a trending topic in marketing and media. It has come to represent the process of carefully researching, sifting, selecting, and sharing of content with others. Much the same way as a museum curator acquires and displays objects of relevance or an art collector selects and interprets artwork, a modern day content curator chooses and showcases material that is relevant to a particular tribe of users with specific preferences.

We know that our followers want to cut down their search for good reading on marketing and media. They want to understand how changing technology, techniques, and consumer consumption impacts their businesses. We are content curators for our own constituents!

Incredible mass appeal content curation tools are already at our fingertips – Flipboard, Zite, Google Currents, among others. These tools exist for one fundamental reason. In the context of our busy lives it has become a herculean task – nay, an almost impossible one – to navigate the sheer scale and depth of information that is relevant to one specific area of interest.

When we plug-in every morning, we conjure up an image of our clients starting their day – looking for solutions for their business challenges and opportunities. We don’t just blog and tweet about building brands and creating content. We do it every day. That’s why it’s only natural that Momentum is the curator that puts a carefully crafted collection of industry news and insights in our client inboxes and social feeds. We are their thought partners.

It is our absolute privilege and passion to provide much needed and highly valued clarity, focus, and context. We’d like to do it for you too.

Get your complimentary Momentum | Curator subscription now.

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