Presentation Transcript
Slide 3:Presented by Ellen MillerPresident, Insider Marketing, Inc.
Defining the Middle :Defining the Middle
Agenda :Agenda Defining the middle
What makes the M in the SMB so great?
Why has success in reaching M been so elusive?
PinPoint marketing
Engaging the middle
Defining the Middle :Defining the Middle Middle
100-999
employees Small Business
1500 employees
Defining the Middle :Defining the Middle middle: n. a point or part halfway between extremes
What Makes the M in SMB So Great? :What Makes the M in SMB So Great?
What Makes the M in SMB So Great? :What Makes the M in SMB So Great? Large corporations are saturated with technology products
Large corporations are distracted by accounting concerns and financial scandals
Large corporations need better integration of what they already have
Large corporations need applications that are easier for employees to access and use
What Makes the M in SMB So Great? :What Makes the M in SMB So Great?
What Makes the M in SMB So Great? :What Makes the M in SMB So Great? Small businesses’ IT purchases are only expected to increase in the single digits
Small businesses have a reduced propensity to increase and absorb new technology
Small businesses are expensive to reach and have little money to spend = low ROI
What Makes the M in SMB So Great? :What Makes the M in SMB So Great? But the mid-size market is positioned for growth
39% of IT executives in midsize companies plan to increase their IT budgets over the next 12 months
Product decisions are made faster in mid-size companies, as integration issues are less complicated
Why Has Success Been So Elusive? :Why Has Success Been So Elusive? Vendors treat the SMB market as a homogeneous group
Vendors typically use generic messages for all target customers in the SMB market
Vendors seldom deploy a targeted plan, often opting for the shotgun approach
The Answer :The Answer PinPoint Marketing:
PinPoint Marketing :PinPoint Marketing Profile your key target audience within the mid-size space
Identify characteristics of your current installed base or customers of competing or compatible products
Determine how these companies gain information on products
Define the target market where they belong and how they source products
PinPoint Marketing :PinPoint Marketing Define the target market and prioritize
Vertical
Partner strength
Sales team strength
Revenue opportunity
Board trumps
PinPoint Marketing :PinPoint Marketing Customize your message
Tailor message to appeal to their pain points and vernacular
Develop customized value propositions based on size/revenue, regional differences, vertical markets, and specific benefits
Articulate customized product positioning statements
Educate and equip sales force and channel to consistently deliver the right sales presentation
PinPoint Marketing :PinPoint Marketing Profile your key target audience within the mid-size space
Define the target market and prioritize
Customize your message
PinPoint Marketing :PinPoint Marketing How to reach the middle…. Mid-size
SMB VARs
Direct Marketers
Web Site Small Enterprise
PinPoint Marketing :PinPoint Marketing Marketing through partners
Newsletters/columns
Online Webcast
Vertical HTML e-mails
Cross-marketing with other products
Vertical trade sponsorships
Web site Marketing direct
Online Webcast
Vertical HTML e-mails
Detailed training programs
Leverage product registration
Vertical trade associations
Web site
Customized Messaging :Customized Messaging Customized
Target market
End user
Benefit
Inexpensive
Fast
Engaging the Middle :Engaging the Middle Solution selling
Identify collaborators
Identify VADs
Engaging the Middle :Engaging the Middle Leverage your partners
Develop a Partner Portal
Improve training programs
Maintain vendor certification programs
Provide marketing tools that can be customized
Build relationships with key VADs
Fully utilize distributor services
Engaging the Middle :Engaging the Middle Alternative pricing and distribution models
Develop a killer Web site — offer downloads
Offer subscription licensing
Consider the SaS or ASP model
Sell maintenance and services as monthly annuities
Be patient: requires time to build revenue model
Engaging the Middle :Engaging the Middle Profile your target audience
Define the target market and prioritize
Build your mid-size marketing tool kit
Customize your message
Optimize and solution sell
Leverage your partners
Consider alternative models
Oreo® fact:Over 11 billion Oreo cookies are consumed each year. In order to keep up with this demand, the recipe calls for 22 million pounds of cocoa and 64.1 million pounds of crème filling :Oreo® fact:Over 11 billion Oreo cookies are consumed each year. In order to keep up with this demand, the recipe calls for 22 million pounds of cocoa and 64.1 million pounds of crème filling
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