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Marketing for Manufacturers:
     What Today’s CEO
      Needs to Know
Agenda



• Introduction
• Marketing in Manufacturing Today: Key trends
• Marketing Effectiveness Research & Where You
  Stand
• Your Brand: A Company’s Most Important Asset
• Today’s Marketing Fundamentals
About Trefoil Group



• Full service strategic marketing communications
  firm
  – Business/strategic counselors
  – Solid understanding of both traditional and new
    mediums
  – Experience in attracting both customers and talent
• B2B with 20 years of experience in manufacturing
  – Niche focus in plastics
  – Launching the Dream It. Do It. Wisconsin Campaign
Our Three Critical Success Factors



• Partner with business leaders to distill complex
  environments and issues to advance their visions
• Create meaningful differentiation through brand-based
  communications, grounded in research
• Integrate communications to reach target audiences
  wherever they are – with information they care about
Marketing in
Manufacturing Today:
Key Trends
Marketing in Manufacturing Today



• New opportunities. New technologies. New tools.
   – You can reach targets more easily & directly than
     ever before
• Expanded focus
   – From lead generation to lead nurturing
   – Attracting talent as well as customers
• Customer penetration strategies are critical
   – OEM decision makers are changing chairs and focus
• Brand-based communications to create
  differentiation with customers & recruits
Key Findings: 2011 Marketing Effectiveness Research



• Conducted in partnership
  with Plastics News                 52.90
                                       %
   – A significant shift:                                   24.20
     companies are investing                                  %
     more in marketing than
     in sales
   – Feet on the street no      Increased marketing
                                       efforts
                                                      Increased investments
                                                         in the sales force
     longer enough:
     • 50% report sales are
       reaching less than 50%
       of their targets
Key Findings: 2011 Marketing Effectiveness Research



• 72% of respondents claim unique expertise (in
  what they do or how they do it), but don’t
  communicate it well
                                                 Above Average     Excellent

         22.90%
                          20.30%
                                           10.10%         5.60%
         44.10%           35.90%
                                           23.50%        28.80%


         Sales          Internal      Website/online   Marketing
     conversations   communications     presence       materials
Where You Stand



• 73% of you believe you have a differentiating
  offer, but don’t communicate it well either
                                 9%
                                                        Above average           Excellent


         55%
                                 55%
                     36%

                                             9%                      27%
      Sales tools
                    Internal
                                                        9%
                    comms.     Company
                                website    Digital
                                          marketing   Customer
                                                       comms.    Social media
Key Findings: 2011 Marketing Effectiveness Research



• 72% say recruitment is critical to success, but
  don’t know how to reach younger audiences

                                                                                     Important/very important to
                                                                                     future success
         71.60%
                   59.80%
             40.50%          48.10%                                                  Ranked themselves as very
                      31.70%           39.60%                                        good or excellent at the
                                                                                     following
                                20.60%
                                          18.70%

Recruiting and retaining talent
       Equipping employees to be brand ambassadors
                          Getting your message out via new mediums
                                                Using social marketing effectively
Where You Stand



• 100% of you believe recruiting and retaining
  talent is very important or important to
  success, but don’t know how to reach younger
  audiences
    100%
                                                                                      Important/very important to
                                                                                      future success
                          73%
                55%         55%
                                           45%                                        Ranked as excellent/above
                                             36%             36%                      average
                                                                27%

Recruiting and retaining talent
       Equipping employees to be brand ambassadors
                           Getting your message out via new mediums
                                                 Using social marketing effectively
What This Means to You as the CEO



• The risks: You can increase investments without
  a correlating ROI
  – Absent a strategic, brand-based approach (that includes
    measurements) it is an expense, not an investment
• Marketing savvy, yet inferior competitors, can
  beat you more easily than ever before
• The opportunity: To connect marketing to the
  goals and objectives of the business, creating
  measurable ROI – and a competitive advantage
The More Specific Opportunity



• Be strategic in aligning marketing with sales
  strategies
• Move the needle from lead generation to lead
  nurturing
• Create meaningful differentiation that speaks to
  both customers and recruits
• Own the leadership position where you can
• Integrate programs to include face-to-
  face, digital, PR and social media
• Equip your employees to be brand ambassadors
  in your marketplace and your communities
Where the Journey Begins:
Your Company’s Brand
Your Company’s Brand



• The brand is a company’s most important, yet
  most overlooked asset
  – As important in B2B as it is in B2C
  – Crucial in both customer and talent acquisition
• Your brand is what you want people to think
  about you
               Your company = X
B2B Branding Example



         Moving | Building | Powering | Curing
Your Company’s Brand
Common Branding Pitfalls



• Basing your brand on the category you’re in
   – Leading Plastics Injection Molders
   – Thermoforming Experts
• Staking your claim to entry level attributes
   – Solutions Provider
   – Meeting or exceeding customer expectations
• Relying on internal perceptions of your value
• Mimicking what your competitors do and say
Your Company’s Brand



• Good Brands:
  – Establish relevance, personality and connect
    emotionally
  – Specify the company's value proposition
  – Change the conversation
  – Reposition the competition as followers
  – Drive perceptions externally and the culture
    internally
  – Differentiate the company for a competitive
    advantage
Your Company’s Brand



• Strong Brands Produce ROI By:
   – Sustaining differentiation in a crowded
     marketplace
   – Supporting premium pricing/guarding against
     price-based competition
   – Accelerating entry into new markets
   – Recruiting and retaining top talent
   – Increasing enterprise value
Your Company’s Brand



• Discover Your Brand
  – Answer key questions:
     • What do you do better than anyone else?
     • How does this align with what your audiences care
       about today and in the future?
  – Conduct research – information today is easy
    & fast
     • Internal interviews with leadership, sales and others
     • External research with customers, suppliers, industry
       experts
Your Company’s Brand



• Discover Your Brand
  – Look at your competitors
     • Your value is a relative assessment against the value
       I can get somewhere else
  – Be different. Not the same.
     • Understand what your competitors are saying and
       determine the opportunity to say something better
     • If everything else is equal, all that’s left is price
  – Remember, if you don’t tell your
    story, someone else will tell it for you
Create a Story People Want to Be Part Of
Create a Story People Want to Be Part Of
Create a Story People Want to Be Part Of
Create a Story People Want to Be Part Of
The New Marketing
Fundamentals
The New Fundamentals



• Your Website: The #1 B2B Marketing Tool
  – Create your website as a marketing portal
     • Hub for both outbound and inbound marketing
     • Make it engaging and easy to navigate
     • Optimize your site for easy search engine
       discovery
     • Use on-line newsrooms to build awareness and
       leadership reputation
     • Use microsites and landing pages to reach
       specific target audiences with audience-specific
       messaging and to increase quality content for
       search engines to index
The New Fundamentals
The New Fundamentals
The New Fundamentals
The New Fundamentals
The New Fundamentals



• Create a robust online presence:
   – Customers are now their own gatekeepers
     • Active users of websites, social networks, search
       engines, product/company reviews, news
       venues, industry bloggers
  – Video, frequently updated content and strong
    search optimization can immediately impact
    search engines
  – Job seekers are online and actively searching.
    Be where they’re looking with information they
    care about
The New Fundamentals



• Make marketing communications your
  supplemental sales force
   – Deepen relationships, keep prospects
     warm, free sales to focus on more productive
     prospect engagement.
   – Use tools to help navigate this new buying
     cycle
     • Lead nurturing software
     • Content that’s relevant, meaningful and customized
The New Fundamentals
The New Fundamentals



• Own the leadership position through
  strategic PR
  – Position business executives as thought leaders
    through
     • Leadership positions in industry and local organizations
     • Becoming a voice for your industry
  – Raising awareness and providing analysis of
    industry trends and topics
  – Demonstrate expertise and capabilities through
  – Leveraging PR successes to:
     • Build reputation with current and prospective customers
     • Build a sense of pride and commitment internally
Build Your Reputation as an Industry Leader
Build Your Reputation as a Local Leader
Use PR to Connect with Key Audiences
The New Fundamentals



• Equip Your Employees to Be Ambassadors
   – Provide consistent messaging that they can
     take to the marketplace
   – Empower them to be confident in all their
     external communications, hold the promise of
     your brand
   – Distribute internal communications
   – Reward and recognize top performers
Marketing for Manufacturers: What Today's CEO Needs to Know

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Marketing for Manufacturers: What Today's CEO Needs to Know

  • 1. Marketing for Manufacturers: What Today’s CEO Needs to Know
  • 2. Agenda • Introduction • Marketing in Manufacturing Today: Key trends • Marketing Effectiveness Research & Where You Stand • Your Brand: A Company’s Most Important Asset • Today’s Marketing Fundamentals
  • 3. About Trefoil Group • Full service strategic marketing communications firm – Business/strategic counselors – Solid understanding of both traditional and new mediums – Experience in attracting both customers and talent • B2B with 20 years of experience in manufacturing – Niche focus in plastics – Launching the Dream It. Do It. Wisconsin Campaign
  • 4. Our Three Critical Success Factors • Partner with business leaders to distill complex environments and issues to advance their visions • Create meaningful differentiation through brand-based communications, grounded in research • Integrate communications to reach target audiences wherever they are – with information they care about
  • 6. Marketing in Manufacturing Today • New opportunities. New technologies. New tools. – You can reach targets more easily & directly than ever before • Expanded focus – From lead generation to lead nurturing – Attracting talent as well as customers • Customer penetration strategies are critical – OEM decision makers are changing chairs and focus • Brand-based communications to create differentiation with customers & recruits
  • 7. Key Findings: 2011 Marketing Effectiveness Research • Conducted in partnership with Plastics News 52.90 % – A significant shift: 24.20 companies are investing % more in marketing than in sales – Feet on the street no Increased marketing efforts Increased investments in the sales force longer enough: • 50% report sales are reaching less than 50% of their targets
  • 8. Key Findings: 2011 Marketing Effectiveness Research • 72% of respondents claim unique expertise (in what they do or how they do it), but don’t communicate it well Above Average Excellent 22.90% 20.30% 10.10% 5.60% 44.10% 35.90% 23.50% 28.80% Sales Internal Website/online Marketing conversations communications presence materials
  • 9. Where You Stand • 73% of you believe you have a differentiating offer, but don’t communicate it well either 9% Above average Excellent 55% 55% 36% 9% 27% Sales tools Internal 9% comms. Company website Digital marketing Customer comms. Social media
  • 10. Key Findings: 2011 Marketing Effectiveness Research • 72% say recruitment is critical to success, but don’t know how to reach younger audiences Important/very important to future success 71.60% 59.80% 40.50% 48.10% Ranked themselves as very 31.70% 39.60% good or excellent at the following 20.60% 18.70% Recruiting and retaining talent Equipping employees to be brand ambassadors Getting your message out via new mediums Using social marketing effectively
  • 11. Where You Stand • 100% of you believe recruiting and retaining talent is very important or important to success, but don’t know how to reach younger audiences 100% Important/very important to future success 73% 55% 55% 45% Ranked as excellent/above 36% 36% average 27% Recruiting and retaining talent Equipping employees to be brand ambassadors Getting your message out via new mediums Using social marketing effectively
  • 12. What This Means to You as the CEO • The risks: You can increase investments without a correlating ROI – Absent a strategic, brand-based approach (that includes measurements) it is an expense, not an investment • Marketing savvy, yet inferior competitors, can beat you more easily than ever before • The opportunity: To connect marketing to the goals and objectives of the business, creating measurable ROI – and a competitive advantage
  • 13. The More Specific Opportunity • Be strategic in aligning marketing with sales strategies • Move the needle from lead generation to lead nurturing • Create meaningful differentiation that speaks to both customers and recruits • Own the leadership position where you can • Integrate programs to include face-to- face, digital, PR and social media • Equip your employees to be brand ambassadors in your marketplace and your communities
  • 14. Where the Journey Begins: Your Company’s Brand
  • 15. Your Company’s Brand • The brand is a company’s most important, yet most overlooked asset – As important in B2B as it is in B2C – Crucial in both customer and talent acquisition • Your brand is what you want people to think about you Your company = X
  • 16. B2B Branding Example Moving | Building | Powering | Curing
  • 18. Common Branding Pitfalls • Basing your brand on the category you’re in – Leading Plastics Injection Molders – Thermoforming Experts • Staking your claim to entry level attributes – Solutions Provider – Meeting or exceeding customer expectations • Relying on internal perceptions of your value • Mimicking what your competitors do and say
  • 19. Your Company’s Brand • Good Brands: – Establish relevance, personality and connect emotionally – Specify the company's value proposition – Change the conversation – Reposition the competition as followers – Drive perceptions externally and the culture internally – Differentiate the company for a competitive advantage
  • 20. Your Company’s Brand • Strong Brands Produce ROI By: – Sustaining differentiation in a crowded marketplace – Supporting premium pricing/guarding against price-based competition – Accelerating entry into new markets – Recruiting and retaining top talent – Increasing enterprise value
  • 21. Your Company’s Brand • Discover Your Brand – Answer key questions: • What do you do better than anyone else? • How does this align with what your audiences care about today and in the future? – Conduct research – information today is easy & fast • Internal interviews with leadership, sales and others • External research with customers, suppliers, industry experts
  • 22. Your Company’s Brand • Discover Your Brand – Look at your competitors • Your value is a relative assessment against the value I can get somewhere else – Be different. Not the same. • Understand what your competitors are saying and determine the opportunity to say something better • If everything else is equal, all that’s left is price – Remember, if you don’t tell your story, someone else will tell it for you
  • 23. Create a Story People Want to Be Part Of
  • 24. Create a Story People Want to Be Part Of
  • 25. Create a Story People Want to Be Part Of
  • 26. Create a Story People Want to Be Part Of
  • 28. The New Fundamentals • Your Website: The #1 B2B Marketing Tool – Create your website as a marketing portal • Hub for both outbound and inbound marketing • Make it engaging and easy to navigate • Optimize your site for easy search engine discovery • Use on-line newsrooms to build awareness and leadership reputation • Use microsites and landing pages to reach specific target audiences with audience-specific messaging and to increase quality content for search engines to index
  • 33. The New Fundamentals • Create a robust online presence: – Customers are now their own gatekeepers • Active users of websites, social networks, search engines, product/company reviews, news venues, industry bloggers – Video, frequently updated content and strong search optimization can immediately impact search engines – Job seekers are online and actively searching. Be where they’re looking with information they care about
  • 34. The New Fundamentals • Make marketing communications your supplemental sales force – Deepen relationships, keep prospects warm, free sales to focus on more productive prospect engagement. – Use tools to help navigate this new buying cycle • Lead nurturing software • Content that’s relevant, meaningful and customized
  • 36. The New Fundamentals • Own the leadership position through strategic PR – Position business executives as thought leaders through • Leadership positions in industry and local organizations • Becoming a voice for your industry – Raising awareness and providing analysis of industry trends and topics – Demonstrate expertise and capabilities through – Leveraging PR successes to: • Build reputation with current and prospective customers • Build a sense of pride and commitment internally
  • 37. Build Your Reputation as an Industry Leader
  • 38. Build Your Reputation as a Local Leader
  • 39. Use PR to Connect with Key Audiences
  • 40. The New Fundamentals • Equip Your Employees to Be Ambassadors – Provide consistent messaging that they can take to the marketplace – Empower them to be confident in all their external communications, hold the promise of your brand – Distribute internal communications – Reward and recognize top performers