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ITSMA’s
 Top Ten Marketing Ideas for 2010
 ABBREVIATED SUMMARY


 Special Edition | January 4, 2010
 Chris Koch




   Download the full Special Edition of
ITSMA’s Top Ten Marketing Ideas for 2010.



 09TOP10
Introduction
We had many new ideas to
help marketers in 2009.
(You can see them all in
ITSMA’s Online Library.)
But here we’ve summarized
the ones that you voted for
with your feet. These are
ideas within the documents
that were downloaded most
often in 2009, in order of
popularity. Enjoy!

                                                        Download the full Special Edition of
                                                     ITSMA’s Top Ten Marketing Ideas for 2010.

Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 2
1. Help customers and prospects spark
epiphanies
We have identified three steps to becoming a master of the epiphany stage:
    Refocus your thought leadership strategy.
    Align the sales and marketing processes with the customer’s buying process.
    Change sales’ emphasis from transactional to consultative selling.

ITSMA’s Relationship Model

 Relationship            Stage 1.                  Stage 2.                Stage 3.             Stage 4.                Stage 5.
   Stages             EPIPHANY                AWARENESS                  INTEREST          CONFIDENCE                  LOYALTY
     Buying              Need                      Search                Alternative        Selection and           Post-Purchase
    Processes         Recognition                                        Evaluation           Purchase                Evaluation
                    Explore the               Clarify objectives    Solicit proposals    Select the            Evaluate
                     possibilities              and solution                                 provider               satisfaction
                                                                      Evaluate
                                                specifications
                    Identify a need                                   alternatives         Negotiate the         Measure value
                     or opportunity            Identify                                     contract               delivered
                                                alternatives
                                                                                            Ultimate sign-off
                                                (short list)

Source: ITSMA, 2009

              To understand the epiphany stage and how it can help, read our report,
                  The Epiphany Stage: The Missing Link in the Buying Process.
Special Edition | January 4, 2010 | 09TOP10             Top Ten Marketing Ideas for 2010             © 2010 ITSMA. All Rights Reserved. 3
2. Match value propositions to the different stages
of the buying cycle
According to ITSMA’s definition, a value proposition is:
     A clear and simple statement that reflects the essence of the unique
     value a business will provide to a client or target market through a
     combination of benefits and price.

ITSMA’s Six-Step Process for Articulating Value Propositions

      Step 1                   Step 2            Step 3                 Step 4           Step 5                Step 6
  Understand                Determine           Articulate            Quantify        Elicit internal Collaborate with
  the market                 your true         unique value            value          and external        sales to
  and clients             differentiators       based on                             feedback and communicate
                                              customer need                               revise           value
Source: ITSMA, 2009                                                                                    propositions




  For more information, read our report Where’s the Beef? Creating Value Propositions That
  Matter, which explains our six-step process for developing effective value propositions and
          offers a proven template for creating value propositions that deliver results.
Special Edition | January 4, 2010 | 09TOP10       Top Ten Marketing Ideas for 2010          © 2010 ITSMA. All Rights Reserved. 4
3. Reduce the cost per order dollar through
marketing
Cost per order dollar is the key to
demonstrating the power of
marketing to improve the
efficiency of sales. It helps senior
management understand that
spending money on marketing has
the potential to both improve
revenue generation and reduce
the cost of sales as a percentage
of revenue.




                                   For more information, read
                 Why (and How) You Should Spend More on Marketing in a Downturn.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 5
4. Create a clear process for developing
and selling complex solutions
In 2005, HP began an ambitious                                Other essential steps in HP’s solution
effort to create an all-encompassing                          development process include:
solution for customers to revamp                              1. Size the potential market.
their data centers.                                           2. Research customer needs.
Developing a quantitative analysis of the                     3. Market the solution internally.
potential market was important not just
for market planning but also for making                       4. Create an appropriate level of
the case for the solution internally. HP                         detail in the solution.
wanted the solution to be something that                      5. Develop a list of differentiators.
the business units would be actively
                                                              6. Create a go-to-market plan.
involved in and supportive of. That made
quantitative market research essential.                       7. Raise the tolerance for ambiguity
                                                                 inside the organization.
                                                              8. Create a composite portrait of ROI.


                          To learn more about these specific steps, read
               How to Develop a Complex Solution: HP’s Data Center Transformation.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010    © 2010 ITSMA. All Rights Reserved. 6
5. Close deals faster with collaborative account
planning
Collaboration between marketing and
                                                                        There are six steps to
sales in the account planning process                                   collaborative account planning:
can speed up the sales process.
                                                                        1. Pick the target accounts.
Ideally, sales and marketing should                                     2. Conduct research and map to
collaborate on both selecting accounts                                     customers’ strategic planning
and digging up the market and                                              processes.
customer intelligence to support the                                    3. Validate with customers and
plan. Salespeople are good at                                              analysts.
understanding the “now” inside                                          4. Link the initiatives to the
accounts—the current opportunities —                                       responsible individuals.
while marketing develops the larger                                     5. Develop targeted offerings.
picture of market trends and new
                                                                        6. Create tailored value
opportunities.                                                             propositions.


                   Want to learn more about collaborative account planning?
            Read Accelerate the Buying Process with Collaborative Account Planning.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010        © 2010 ITSMA. All Rights Reserved. 7
6. Differentiate by knowing buyers’ business
needs
No single marketing tactic
stands out as being more
effective than others to buyers
today. Yet thought leadership-
based tactics such as
e-newsletters, Webinars, and
in-person seminars all cluster
near the top, whereas more
traditional marketing tactics
such as brochures,
telemarketing, and hospitality
events all occupy the bottom of
the list.



     Learn more about what buyers want by reading How Customers Choose Solution
     Providers, 2009: The Importance of Personalization, Epiphanies, and Social Media.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 8
7. Stop reporting and start predicting through
analytics
According to our survey, Marketing        ITSMA’s Analytics
Analytics, marketers who want to make Best Practice Model
the transition to analytics need to do
                                          Use marketing data to glean insights
three things:                             and make important marketing decisions
1. Collaborate with finance. Work with    Cultivate a fact-based decision-making
   finance to gather the enterprise-level culture
   data necessary to get a view of        Manage marketing data at an enterprise level
   marketing’s overall business impact.   Gather sufficient data to document
2. Shift to a fact-based culture. That                           marketing’s performance
   means a culture that is comfortable                           Analyze marketing data in conjunction with
   waiting a little longer before taking                         data from finance and operations to create a
   action—a culture that wants answers                           holistic view of marketing’s impact on the
                                                                 business
   before plunging ahead with action.
                                                                 Demonstrate a link between marketing
3. Experiment. Develop experimentation                           performance and business profitability and
   methods to predict the performance of                         customer loyalty/retention rates
   marketing programs and campaigns.                            Source: ITSMA research


      Want to get the facts about analytics? Download our survey, Marketing Analytics.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010           © 2010 ITSMA. All Rights Reserved. 9
8. Integrate Marketing into the Portfolio
Management Process
Building a successful portfolio
management process is difficult enough,                         Key Takeaways
but building support for and participation                       Portfolio management, business
                                                                  development, and marketing groups
in the process in a company as large
                                                                  should all be involved in the
and diverse as CSC takes years.
                                                                  selection of the products and
As CSC has discovered, fthe portfolio                             services that they will be asked to
management function must establish the                            market and sell.
senior executive relationships necessary                         Delivering complex solutions
to gain entry into the process, get                               globally requires a tightly managed
funding for finding and investing in new                          portfolio process.
ideas, and become change management                              The effectiveness of strategic
experts to get skeptical businesspeople                           marketing activity inside the
to support it.                                                    organization grows as it becomes
                                                                  more involved in the portfolio
                                                                  process.
                                                                 Building acceptance is the biggest
                                                                  challenge in portfolio management.
      Learn more about how CSC created its portfolio management process by reading
          CSC: How to Integrate Marketing into the Portfolio Management Process.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 10
9. Make marketing more efficient rather than
slashing and burning
Marketing staffs were already lean                            But we also saw some companies
coming into this recession. We were                           making some intelligent choices. They’ve
shocked at how deep some companies                            tried to make marketing more efficient by
cut marketing. Some will not recover                          taking these steps:
from it. Meanwhile, many of those same                           Move from broad to narrow.
companies are holding sales expenses
steady or even increasing the number of                          Shift from offline to online.
sales resources.                                                 Use the urge for continuity to cut
                                                                  costs.
                                                                 Go offshore for productivity, not
                                                                  just cost.


                                                                     To learn more ways that marketers
                                                                         responded to the downturn,
                                                                         listen to our online briefing
                                                                    ITSMA’s 2009 State of the Marketing
                                                                   Profession Address: Making the Right
                                                                        Choices in Uncertain Times.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010     © 2010 ITSMA. All Rights Reserved. 11
10. Refine the demand generation and lead
management processes
Marketers need to move from
lead generation to lead                       The role and value of information in the IT buying
nurturing. We do this by                      process
developing programs that                              Technology
                                                        Buyers                                        Information Usage
generate awareness,                                                      Look for different kinds of information at various
                                                               61% points in the buying cycle
stimulate interest, and
educate. We also identify                                                      Need to see information about a new technology
                                                                               or solution at least three times
needs, pain points, and                                                85%

purchase ability. But most                                               Rated educational content as ‘very’ or ‘extremely’
                                                             85%         important to them
important, we engage in
dialogue and build a                                                   72%
                                                                               Contacted a vendor after reading a white paper

relationship and credibility.
                                                          Almost        Spend ~5 hours per week with third-party information
                                                            all

                                              Source: KnowledgeStorm, Connecting through Content, March 2006;
                                              IDC, An Inconvenient Truth: The Role and Value of Information in the IT Buying Process, January 2008
                                              ITSMA Web Briefing | OLB090225                Generating Revenue in Tough Times            © 2009 ITSMA. All Rights Reserved. 26




      Learn more about how to manage your demand generation and lead management
      processes by downloading Generating Revenue in Tough Times: Better Thinking,
                                    Better Tactics.
Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010                                          © 2010 ITSMA. All Rights Reserved. 12
About ITSMA
     As a membership
       organization,
  ITSMA brings together
    the world’s leading
      technology and
   professional services
   firms to advance the
     state of the art in
   marketing and selling
  services and solutions.


Special Edition | January 4, 2010 | 09TOP10   Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 13
For More Information
                                       Chris Koch
                                       Director, Thought Leadership and Research
                                       ITSMA
                                       ckoch@itsma.com
                                       +1-781-862-8500, Ext. 115

               Online Library                                         Follow us…




Special Edition | January 4, 2010 | 09TOP10     Top Ten Marketing Ideas for 2010   © 2010 ITSMA. All Rights Reserved. 14

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Marketing Strategist 2009 Top10

  • 1. ITSMA’s Top Ten Marketing Ideas for 2010 ABBREVIATED SUMMARY Special Edition | January 4, 2010 Chris Koch Download the full Special Edition of ITSMA’s Top Ten Marketing Ideas for 2010. 09TOP10
  • 2. Introduction We had many new ideas to help marketers in 2009. (You can see them all in ITSMA’s Online Library.) But here we’ve summarized the ones that you voted for with your feet. These are ideas within the documents that were downloaded most often in 2009, in order of popularity. Enjoy! Download the full Special Edition of ITSMA’s Top Ten Marketing Ideas for 2010. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 2
  • 3. 1. Help customers and prospects spark epiphanies We have identified three steps to becoming a master of the epiphany stage:  Refocus your thought leadership strategy.  Align the sales and marketing processes with the customer’s buying process.  Change sales’ emphasis from transactional to consultative selling. ITSMA’s Relationship Model Relationship Stage 1. Stage 2. Stage 3. Stage 4. Stage 5. Stages EPIPHANY AWARENESS INTEREST CONFIDENCE LOYALTY Buying Need Search Alternative Selection and Post-Purchase Processes Recognition Evaluation Purchase Evaluation  Explore the  Clarify objectives  Solicit proposals  Select the  Evaluate possibilities and solution provider satisfaction  Evaluate specifications  Identify a need alternatives  Negotiate the  Measure value or opportunity  Identify contract delivered alternatives  Ultimate sign-off (short list) Source: ITSMA, 2009 To understand the epiphany stage and how it can help, read our report, The Epiphany Stage: The Missing Link in the Buying Process. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 3
  • 4. 2. Match value propositions to the different stages of the buying cycle According to ITSMA’s definition, a value proposition is: A clear and simple statement that reflects the essence of the unique value a business will provide to a client or target market through a combination of benefits and price. ITSMA’s Six-Step Process for Articulating Value Propositions Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Understand Determine Articulate Quantify Elicit internal Collaborate with the market your true unique value value and external sales to and clients differentiators based on feedback and communicate customer need revise value Source: ITSMA, 2009 propositions For more information, read our report Where’s the Beef? Creating Value Propositions That Matter, which explains our six-step process for developing effective value propositions and offers a proven template for creating value propositions that deliver results. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 4
  • 5. 3. Reduce the cost per order dollar through marketing Cost per order dollar is the key to demonstrating the power of marketing to improve the efficiency of sales. It helps senior management understand that spending money on marketing has the potential to both improve revenue generation and reduce the cost of sales as a percentage of revenue. For more information, read Why (and How) You Should Spend More on Marketing in a Downturn. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 5
  • 6. 4. Create a clear process for developing and selling complex solutions In 2005, HP began an ambitious Other essential steps in HP’s solution effort to create an all-encompassing development process include: solution for customers to revamp 1. Size the potential market. their data centers. 2. Research customer needs. Developing a quantitative analysis of the 3. Market the solution internally. potential market was important not just for market planning but also for making 4. Create an appropriate level of the case for the solution internally. HP detail in the solution. wanted the solution to be something that 5. Develop a list of differentiators. the business units would be actively 6. Create a go-to-market plan. involved in and supportive of. That made quantitative market research essential. 7. Raise the tolerance for ambiguity inside the organization. 8. Create a composite portrait of ROI. To learn more about these specific steps, read How to Develop a Complex Solution: HP’s Data Center Transformation. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 6
  • 7. 5. Close deals faster with collaborative account planning Collaboration between marketing and There are six steps to sales in the account planning process collaborative account planning: can speed up the sales process. 1. Pick the target accounts. Ideally, sales and marketing should 2. Conduct research and map to collaborate on both selecting accounts customers’ strategic planning and digging up the market and processes. customer intelligence to support the 3. Validate with customers and plan. Salespeople are good at analysts. understanding the “now” inside 4. Link the initiatives to the accounts—the current opportunities — responsible individuals. while marketing develops the larger 5. Develop targeted offerings. picture of market trends and new 6. Create tailored value opportunities. propositions. Want to learn more about collaborative account planning? Read Accelerate the Buying Process with Collaborative Account Planning. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 7
  • 8. 6. Differentiate by knowing buyers’ business needs No single marketing tactic stands out as being more effective than others to buyers today. Yet thought leadership- based tactics such as e-newsletters, Webinars, and in-person seminars all cluster near the top, whereas more traditional marketing tactics such as brochures, telemarketing, and hospitality events all occupy the bottom of the list. Learn more about what buyers want by reading How Customers Choose Solution Providers, 2009: The Importance of Personalization, Epiphanies, and Social Media. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 8
  • 9. 7. Stop reporting and start predicting through analytics According to our survey, Marketing ITSMA’s Analytics Analytics, marketers who want to make Best Practice Model the transition to analytics need to do Use marketing data to glean insights three things: and make important marketing decisions 1. Collaborate with finance. Work with Cultivate a fact-based decision-making finance to gather the enterprise-level culture data necessary to get a view of Manage marketing data at an enterprise level marketing’s overall business impact. Gather sufficient data to document 2. Shift to a fact-based culture. That marketing’s performance means a culture that is comfortable Analyze marketing data in conjunction with waiting a little longer before taking data from finance and operations to create a action—a culture that wants answers holistic view of marketing’s impact on the business before plunging ahead with action. Demonstrate a link between marketing 3. Experiment. Develop experimentation performance and business profitability and methods to predict the performance of customer loyalty/retention rates marketing programs and campaigns. Source: ITSMA research Want to get the facts about analytics? Download our survey, Marketing Analytics. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 9
  • 10. 8. Integrate Marketing into the Portfolio Management Process Building a successful portfolio management process is difficult enough, Key Takeaways but building support for and participation  Portfolio management, business development, and marketing groups in the process in a company as large should all be involved in the and diverse as CSC takes years. selection of the products and As CSC has discovered, fthe portfolio services that they will be asked to management function must establish the market and sell. senior executive relationships necessary  Delivering complex solutions to gain entry into the process, get globally requires a tightly managed funding for finding and investing in new portfolio process. ideas, and become change management  The effectiveness of strategic experts to get skeptical businesspeople marketing activity inside the to support it. organization grows as it becomes more involved in the portfolio process.  Building acceptance is the biggest challenge in portfolio management. Learn more about how CSC created its portfolio management process by reading CSC: How to Integrate Marketing into the Portfolio Management Process. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 10
  • 11. 9. Make marketing more efficient rather than slashing and burning Marketing staffs were already lean But we also saw some companies coming into this recession. We were making some intelligent choices. They’ve shocked at how deep some companies tried to make marketing more efficient by cut marketing. Some will not recover taking these steps: from it. Meanwhile, many of those same  Move from broad to narrow. companies are holding sales expenses steady or even increasing the number of  Shift from offline to online. sales resources.  Use the urge for continuity to cut costs.  Go offshore for productivity, not just cost. To learn more ways that marketers responded to the downturn, listen to our online briefing ITSMA’s 2009 State of the Marketing Profession Address: Making the Right Choices in Uncertain Times. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 11
  • 12. 10. Refine the demand generation and lead management processes Marketers need to move from lead generation to lead The role and value of information in the IT buying nurturing. We do this by process developing programs that Technology Buyers Information Usage generate awareness, Look for different kinds of information at various 61% points in the buying cycle stimulate interest, and educate. We also identify Need to see information about a new technology or solution at least three times needs, pain points, and 85% purchase ability. But most Rated educational content as ‘very’ or ‘extremely’ 85% important to them important, we engage in dialogue and build a 72% Contacted a vendor after reading a white paper relationship and credibility. Almost Spend ~5 hours per week with third-party information all Source: KnowledgeStorm, Connecting through Content, March 2006; IDC, An Inconvenient Truth: The Role and Value of Information in the IT Buying Process, January 2008 ITSMA Web Briefing | OLB090225 Generating Revenue in Tough Times © 2009 ITSMA. All Rights Reserved. 26 Learn more about how to manage your demand generation and lead management processes by downloading Generating Revenue in Tough Times: Better Thinking, Better Tactics. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 12
  • 13. About ITSMA As a membership organization, ITSMA brings together the world’s leading technology and professional services firms to advance the state of the art in marketing and selling services and solutions. Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 13
  • 14. For More Information Chris Koch Director, Thought Leadership and Research ITSMA ckoch@itsma.com +1-781-862-8500, Ext. 115 Online Library Follow us… Special Edition | January 4, 2010 | 09TOP10 Top Ten Marketing Ideas for 2010 © 2010 ITSMA. All Rights Reserved. 14