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how retailers choose technology -
and how to get them to choose you.
Fast Forward the Conversation
02How retailers choose technology - and how to get them to choose you
If you had a better understanding of how
retailers specify and buy technology today,
you’d market and sell to them differently.
Your future growth depends on it.
The way retailers browse, specify, buy,
implement and manage technology has
changed dramatically, and many vendors have
failed to keep up with these changes.
The buying process has changed
The decision maker is no longer principally IT, but
now includes operations, ecommerce, merchandising,
marketing, finance and CEOs – as well as an emerging
group of decision makers, which include the digital
agencies - the cracks in traditional ‘one-size-fits-all’
marketing are starting to widen.
It’s clear that the people choosing whether to buy from
you are from different parts of the business, with different
backgrounds, and different ways of thinking and responding. In
fact, they are often connected in ways that you may have
missed; through internal groups, industry bodies, social media
forums and partner ecosystems, for example.
In a competitive market, where your rivals have dramatically
improved their content, communications and networking,
you’re going to spend a whole lot more time on the outside
looking in - unless you change your communications and
marketing strategy.
Starting right from this moment.
03How retailers choose technology - and how to get them to choose you
Industry bodies
Internal groups
Social media
Ecosystems
04How retailers choose technology - and how to get them to choose you
“Technology vendors like to think that ‘push’
mechanisms are the best way to sell me stuff, but I
tend to identify where there are pinch points in the
customer journey, and then I’ll go and find a solution
provider that can help me. No-one will sell me
something that I haven’t already thought about.”
Sean McKee, Head of Ecommerce and Customer Service, schuh.co.uk
Why you have to act now
Retailers may find you, they may not. How many times have
you wondered why you didn’t even get invited to pitch? Or
why they chose someone you knew couldn’t do the job?
80% of B2B purchasing cycles are completed before the buyer
considers contacting the vendor. That means they are using the
Internet incognito, leaving no footprint to tell you what you
need to be doing.
And they are not just looking at your usual competitors. The
community now includes creative agencies, social media
companies and marketing agencies, all of whom are selling
into retailers with technology - or products and services
underpinned by technology.
Many retailers are also doing their own thing. In response to a
combination of frustration with the often outdated sales and
marketing techniques of many vendors, and a desire to catch up to
the fast rate of innovation, they are taking greater control of their
IT destiny with Google Apps, for instance. Could this be a better way
to engage with retailers?
05How retailers choose technology - and how to get them to choose you
80%of B2B purchasing
cycles are completed
before the buyer
considers contacting
the vendor.
In Italy, UK, Hong Kong and China, A.S. Watson, a large health and beauty retail group,
has created an ‘eLab’ to develop its ecommerce and digital capabilities, in keeping
with the evolving health and beauty customer.
John Lewis has created JLAB - a
kind of Dragons’ Den for start-
ups. Micro-location technology
provider, Localz, scooped the
inaugural prize last year, while
Space Lounges, Qudini, Peeple,
Ikinen and Alfred Smart Home
have been shortlisted this year.
Tesco uses internal resources to
innovate; its Globe’athon event
brings together 350 employees
from across the world to come
up with a new business concept
within 24 hours.
Argos opened a ‘digital hub’
in London last year to attract
greater forward-thinking, tech-
savvy talent into its business.
06How retailers choose technology - and how to get them to choose you
Retailers doing it their way
What does this mean for you?
07How retailers choose technology - and how to get them to choose you
The fact that retailers are no longer leaving it all to vendors to
develop and manage innovation is having two major impacts.
Firstly, retailers want to be closer, more open and collaborative
with technology companies. We know this because, as an agency at
the heart of industry conversations, Fieldworks spoke to key decision
makers directly about their changing priorities.
The survey we conducted found that the majority of retailers are
working with at least one major new supplier in 2015, and at least
three smaller ones.
However, this will inevitably affect those current suppliers who are not
investing in relationships; the retailers we interviewed agreed that they
will stop working with an existing supplier before the year is out.
Secondly, suppliers will need to become much clearer in their
messaging and communications, with greater differentiation
from the competition to reach retailers who are changing the
rules of engagement.
Relationships used to be important; now they are everything
In a crowded, competitive environment, it’s not easy
for retailers to know who to talk to. Some leave it to
procurement or an external consultant – but you know
what a time-consuming lottery that can be.
08How retailers choose technology - and how to get them to choose you
1. Other
retailers
4. Digital media,
such as Internet
Retailing or
Econsultancy
3. Trade
media, such
as Retail
Week
2. Trade
shows
5. Colleagues
How will they
find you?
We quizzed retailers on where
they look for inspiration when
seeking new technologies,
and you may be surprised to
find the top answers were:
It’s all about you - not just your technology
Most retailers are in agreement about one thing, however; the
retailer’s technology procurement process takes too long. 43%
of B2B companies say their sales cycle has lengthened in the
past 12 months, while the majority of those who participated
in our survey believe there are too many boxes to tick.
One thing that emerged clearly, however, is that chemistry
matters. Retailers are not just interested in your solutions – they
are interested in you, your company, what you stand for and
where you fit within your community. And, when they finally come
to choose a technology partner, most retail businesses find it
easy to secure internal agreement on the selection of
the successful vendor.
43%of B2B companies say
their sales cycle has
lengthened in the
past 12 months.
Chemistry
matters
09How retailers choose technology - and how to get them to choose you
Are you only giving your prospects rational reasons to buy from you?
You wouldn’t believe what retailers say about some of our
clients. One said, “Your client is really arrogant; they do a good
job, but we’d never let them talk to the board. We need to keep
them at arms’ length.” And this is a client trying to get up the
food chain!
Particularly with the ever increasing buying cycle, technology vendors
must start appealing to retailers emotionally, as well as outlining
the business benefits of their solution. Marketing should focus on
enabling you to start and sustain strong relationships with decision
makers and their influencers.
Retailers don’t have feelings about companies; they have feelings
about people. Therefore, your products and services are increasingly
less likely to win the day, unless you are the lowest-cost option - and
no one wants to go down the discounting road.
10How retailers choose technology - and how to get them to choose you
“I can’t say exactly
why I chose those guys,
I just had a feeling they
were going to do a
good job.”
Emotion
Relationship
Appeal
Benefits
Feelings
Personal
It’s who, what and why you know
Saying you need to reach ‘decision makers and their
influencers’ is one thing, but who actually are these
individuals?
As we touched on at the beginning of this report, the
number of people involved in the procurement of technology
within an organisation is increasing. However, this picture
becomes even more complex when you consider that they
are surrounded by a whole circle of influential sources –
partners, consultants, journalists, analysts, industry
bodies and academics.
You need to be reaching and influencing all of them,
and – like many retailers – they are not interested in your
products but in who you are, how you see the world, and
what you think needs to change.
They don’t want to talk to salesmen, but mentors,
innovators, inspirational thinkers, educators and industry
experts. Are you ready to play these roles? Are you that
guy or does that guy even exist within your business? If not,
get hiring – there are thousands of charismatic graduates
spilling out of uni as we speak.
11How retailers choose technology - and how to get them to choose you
PartnersJournalists
Analysts
Consultants
Industry
bodies
Academics
Questions to ask yourself
12How retailers choose technology - and how to get them to choose you
Can you honestly
say marketing is at
the centre of your
business network?
Is your messaging
attuned to what is
happening in the
market?Do you know
who all your hot
prospect decision
makers are?
How well known is
your brand - what
visibility do you
have at C level?
Do you have
evidence in
the form of
case studies?
Do you invest enough in
relationships, and have
enough well-connected
people working for you?
Are you seen as
a motivator or a
follower?
Where are the gaps
in your business
offer? – Do you have
partners that can
help you fill them?
Do you have
a vision and a
roadmap, and is
it up to date?
How are you perceived
by your partners – and
how do you manage
your relationships
with them?
Which of your
partnerships
are strategic
and which
are dead?
What have you
done in the
past year that
demonstrates an
understanding of
how the market
is changing?
Is your thought leadership so
elevated that no one can really
understand what you actually
deliver – or, at the other end, is your
solution so technical that it cannot
appeal to a C level audience?
Turning words into actions
Some of you may be reading this thinking that your
marketing model isn’t currently working in light of the
changing procurement process; others may be feeling
quietly confident that you’re influencing the wide
spectrum of retail influencers.
However, marketing is only half the battle won. The
relationship marketers have with sales personnel is critical
to converting opportunities, but there is a serious disconnect
between these departments in most technology companies.
As Gartner notes, up to 70% of sales leads are not properly
leveraged or completely ignored – which is incredibly high
when you consider the wealth of tools and strategies available
to integrate sales and marketing activities.
13How retailers choose technology - and how to get them to choose you
70%of sales leads are not
properly leveraged or
completely ignored
Up to
How retailers choose technology - and how to get them to choose you
What success looks like – the tip of the tip of the iceberg
Fieldworks’ marketing model for reaching and
influencing retailers is structurally simple and highly
effective.
For those ready to embrace a new marketing strategy,
here are our six fundamental principles for success:
14
Content
Email marketing
Social media
PR
How retailers choose technology - and how to get them to choose you
15How retailers choose technology - and how to get them to choose you
1. Understand - no, really understand - the market
2. Find the right person(s)
3. Market one to one (or at least in small segments)
4. Also market big…
5. Measure how you are doing
6. Involve sales early, often and continuously
The intelligence that most suppliers use to start conversations
with retailers is generally superficial and no different from
what everyone else is saying. Retailers have complained
for many years that technology vendors simply don’t
understand them, so a good place to start is in research.
While general information is available on the Internet, you
will have to dig deeper to get an understanding of what it all
means. For instance, we know that retailers think customer
experience in store is important, but do we know if they
are actually investing in it? Before you waste time trying to
sell something for which there is little or no budget, do
your homework.
Use the market insight you’ve gained to get close to targeted
opportunities, rather than firing off communications to a giant
database. Making generalisations about retail has launched a
thousand email campaigns and will no doubt launch a thousand
more, but actually getting a response depends on knowing
what motivates individual retailers.
This requires real leg work; work that many suppliers are simply
not prepared to put in because they are in too much of a hurry
to start marketing. Work with all your stakeholders, partners
and Internet resources to dig deep beneath the surface of a
small and manageable set of prospects. It’s better to target
50 retailers that you know something about than approach
1,000 you don’t.
1. Understand - no, really understand - the market
16How retailers choose technology - and how to get them to choose you
Research Market insight Stakeholders
Decision makers, influencers, motivators, enablers, big
talkers, dreamers, egomaniacs, deep thinkers – retail has
them all, and you need to know them all.
Take the knowledge you have gained into each business
prospect and find both the person who actually makes
decisions, and who they listen to. This is the depth of
insight that sales used to invest in but generally no longer
does, leaving it instead to marketing.
3. Market one to one
(or at least in small segments)
Personalise your communications based on some unique
understanding of your target’s particular challenges. Spend
time in their stores or on their website to see things from the
point of view of the customer, staff or store manager.
Assessing a retailer’s performance in an area relevant to
your solution will save a lot of time – particularly if you
discover that they just bought something, or signed a new
multi-year contract.
2. Find the right person(s)
Decision makers
influencers
motivators
enablers
big talkers
dreamers
egomaniacs
deep thinkers
17How retailers choose technology - and how to get them to choose you
4. Also market big…
At the same time as focusing on a small segment of
prospects using deep discovery, you must continue to
educate the wider market and all of its influencers;
there is still a profile-raising value to using mass
communications techniques. Utilise all marketing
channels in a mix that is appropriate to your audience.
With a short attention span and a short memory, it is
inevitable that your audience will miss messages, which
is why you need to reinforce communications across
multiple channels. It also enables you to resonate with
prospects in their most receptive channels.
Some senior decision makers are immune to email marketing,
for example, but you can bet they read Retail Week.
Therefore PR remains one of the most effective ways to
reach them.
Social media is also effective at reaching large numbers of
people, but make sure that you are reaching the right people.
You may discover that you are a big player in the supplier
community but are still not reaching decision making retailers.
Be realistic about what each channel can achieve for you.
…and that includes big opinions
With ‘big marketing’ it’s vital to say something that will
demonstrate your unique insight into your prospect’s market
and business, and show your value in solving this challenge.
The airwaves are crowded with ‘me-too’ messages and
content from a host of vendors, very little of which actually
reaches its intended market.
Even those messages that do often have no impact, because
it simply repeats what is already known. For instance, did you
know that most of the content that goes out on the future of
retail is generally only consumed by other suppliers, marketers
and creative agencies, who use the information to create
their own business cases?
18How retailers choose technology - and how to get them to choose you
5. Measure how you are doing
Analysing the impact of your outreach, using a range
of automation and manual techniques, is important to
build up a picture of your engagement and judge just
how interested your prospects are in you.
This will be the best way to determine which media are
most effective in generating lead engagement, and
therefore how communications through them should be
blended and budgeted.
6. Involve sales early, often
and continuously
As we’ve already mentioned, one of the biggest changes
we have observed is in the relationship with sales, which
traditionally was unequal, and often adversarial (and, the rest
of time, frosty) towards marketing.
The fact that sales increasingly relies on marketing to
generate demand is marketing’s big opportunity.
We are now equipped with the data, software and
techniques to manage the entire sales journey from initial
discovery, through pre-sales and beyond - where advocacy
and networking come strongly into play.
19How retailers choose technology - and how to get them to choose you
67%
108%
209%
lead acceptance
more revenue from marketingimprovement in
closing deals
Aligning marketing and sales can help your company deliver:
20How retailers choose technology - and how to get them to choose you
Looking across 25 of Fieldworks’
campaigns from the last two years, the
direct contribution to sales pipeline has
risen by 400% for no rise in overall
marketing investment.
Five things you can do now to reach retailers - and in what order
Lastly, consider this – if you always do what you’ve always done, then you’ll always get what you always got.
The market has managed to change without you, so it is only by working more closely and more collaboratively
with your customers and prospects that you will become the people retailers turn to for a solution.
1 2 3 4 5
Think about who
is going to help
you make these
changes, both
internally and
externally.
Talk to sales and
ask them how
they would like
to change the
way marketing
engages with
them. It may
already work well,
it may be broken.
Either way, you
can both meet in
the new middle
called data.
Spend time with
your team and
anyone within
your business
that is close to
your market, to
determine what
you collectively
understand about
where and how
your customers
and prospects
operate.
Create a more
detailed hierarchy
of decision
makers and
influencers within
these segments,
including
relationships
where known.
Take a long,
hard look at
your database.
Assuming that
the data is
current, clean and
opted-in, start
to consider what
segments you
need to create
based on your
company’s sales
targets and
where you have
‘sweet spots’.
21How retailers choose technology - and how to get them to choose you
Why should you take
our word for it?
22How retailers choose technology - and how to get them to choose you
23How retailers choose technology - and how to get them to choose you
Fieldworks has been helping technology companies sell to retailers and brands
for more than 20 years. With our model, within 12 months (depending on how
your organisation is currently structured):
Your sales cycles
will shorten,
because you
can’t afford for
them to get any
longer.
You will quit earlier
from opportunities
that are not real,
enabling you to
focus on a smaller,
but better-qualified
number of real
opportunities.
You will be
deploying your
resources more
effectively - a
process that will
all but remove
the barriers
between sales
and marketing.
You will generate
more demand;
some of it from
people you have
currently no
engagement with.
You will get out
more and spend
time in the
‘real’ world.
Ready to fast forward your business conversations? Start by having a conversation with me.
chris@fieldworksmarketing.co.uk / 07775 760876
Our story
Fieldworks is an award-winning PR and marketing agency, empowering technology
companies to reach senior retail and brand decision makers through our campaigns.
What makes us special? We’re connected with retailers and brands, like no other agency.
Our influence enables us to support technology companies looking for growth in the retail,
hospitality and payments industries. Globally-renowned companies such as Intel, Microsoft,
SAP and Verifone trust us to build their business.
We create highly tailored, agile campaigns based on market insight, to get our clients closer
to their prospects, quickly. Each component is dynamically targeted to drive maximum return
on investment - from lead nurturing through to direct prospect engagement.
Get in touch:
Chris Field, Director
WHERE RETAIL AND INNOVATION MEET
chris@fieldworksmarketing.co.uk / 0845 034 5602 / www.fieldworksmarketing.co.uk
We also run the highly successful Retail Connections network,
bringing together those with influence and profile in retail to
share insights on implementation, management and innovation.
www.retailconnections.co.uk

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How retailers choose technology and how to get them to choose you

  • 1. Only connect: how retailers choose technology - and how to get them to choose you. Fast Forward the Conversation
  • 2. 02How retailers choose technology - and how to get them to choose you If you had a better understanding of how retailers specify and buy technology today, you’d market and sell to them differently. Your future growth depends on it. The way retailers browse, specify, buy, implement and manage technology has changed dramatically, and many vendors have failed to keep up with these changes.
  • 3. The buying process has changed The decision maker is no longer principally IT, but now includes operations, ecommerce, merchandising, marketing, finance and CEOs – as well as an emerging group of decision makers, which include the digital agencies - the cracks in traditional ‘one-size-fits-all’ marketing are starting to widen. It’s clear that the people choosing whether to buy from you are from different parts of the business, with different backgrounds, and different ways of thinking and responding. In fact, they are often connected in ways that you may have missed; through internal groups, industry bodies, social media forums and partner ecosystems, for example. In a competitive market, where your rivals have dramatically improved their content, communications and networking, you’re going to spend a whole lot more time on the outside looking in - unless you change your communications and marketing strategy. Starting right from this moment. 03How retailers choose technology - and how to get them to choose you Industry bodies Internal groups Social media Ecosystems
  • 4. 04How retailers choose technology - and how to get them to choose you “Technology vendors like to think that ‘push’ mechanisms are the best way to sell me stuff, but I tend to identify where there are pinch points in the customer journey, and then I’ll go and find a solution provider that can help me. No-one will sell me something that I haven’t already thought about.” Sean McKee, Head of Ecommerce and Customer Service, schuh.co.uk
  • 5. Why you have to act now Retailers may find you, they may not. How many times have you wondered why you didn’t even get invited to pitch? Or why they chose someone you knew couldn’t do the job? 80% of B2B purchasing cycles are completed before the buyer considers contacting the vendor. That means they are using the Internet incognito, leaving no footprint to tell you what you need to be doing. And they are not just looking at your usual competitors. The community now includes creative agencies, social media companies and marketing agencies, all of whom are selling into retailers with technology - or products and services underpinned by technology. Many retailers are also doing their own thing. In response to a combination of frustration with the often outdated sales and marketing techniques of many vendors, and a desire to catch up to the fast rate of innovation, they are taking greater control of their IT destiny with Google Apps, for instance. Could this be a better way to engage with retailers? 05How retailers choose technology - and how to get them to choose you 80%of B2B purchasing cycles are completed before the buyer considers contacting the vendor.
  • 6. In Italy, UK, Hong Kong and China, A.S. Watson, a large health and beauty retail group, has created an ‘eLab’ to develop its ecommerce and digital capabilities, in keeping with the evolving health and beauty customer. John Lewis has created JLAB - a kind of Dragons’ Den for start- ups. Micro-location technology provider, Localz, scooped the inaugural prize last year, while Space Lounges, Qudini, Peeple, Ikinen and Alfred Smart Home have been shortlisted this year. Tesco uses internal resources to innovate; its Globe’athon event brings together 350 employees from across the world to come up with a new business concept within 24 hours. Argos opened a ‘digital hub’ in London last year to attract greater forward-thinking, tech- savvy talent into its business. 06How retailers choose technology - and how to get them to choose you Retailers doing it their way
  • 7. What does this mean for you? 07How retailers choose technology - and how to get them to choose you The fact that retailers are no longer leaving it all to vendors to develop and manage innovation is having two major impacts. Firstly, retailers want to be closer, more open and collaborative with technology companies. We know this because, as an agency at the heart of industry conversations, Fieldworks spoke to key decision makers directly about their changing priorities. The survey we conducted found that the majority of retailers are working with at least one major new supplier in 2015, and at least three smaller ones. However, this will inevitably affect those current suppliers who are not investing in relationships; the retailers we interviewed agreed that they will stop working with an existing supplier before the year is out. Secondly, suppliers will need to become much clearer in their messaging and communications, with greater differentiation from the competition to reach retailers who are changing the rules of engagement.
  • 8. Relationships used to be important; now they are everything In a crowded, competitive environment, it’s not easy for retailers to know who to talk to. Some leave it to procurement or an external consultant – but you know what a time-consuming lottery that can be. 08How retailers choose technology - and how to get them to choose you 1. Other retailers 4. Digital media, such as Internet Retailing or Econsultancy 3. Trade media, such as Retail Week 2. Trade shows 5. Colleagues How will they find you? We quizzed retailers on where they look for inspiration when seeking new technologies, and you may be surprised to find the top answers were:
  • 9. It’s all about you - not just your technology Most retailers are in agreement about one thing, however; the retailer’s technology procurement process takes too long. 43% of B2B companies say their sales cycle has lengthened in the past 12 months, while the majority of those who participated in our survey believe there are too many boxes to tick. One thing that emerged clearly, however, is that chemistry matters. Retailers are not just interested in your solutions – they are interested in you, your company, what you stand for and where you fit within your community. And, when they finally come to choose a technology partner, most retail businesses find it easy to secure internal agreement on the selection of the successful vendor. 43%of B2B companies say their sales cycle has lengthened in the past 12 months. Chemistry matters 09How retailers choose technology - and how to get them to choose you
  • 10. Are you only giving your prospects rational reasons to buy from you? You wouldn’t believe what retailers say about some of our clients. One said, “Your client is really arrogant; they do a good job, but we’d never let them talk to the board. We need to keep them at arms’ length.” And this is a client trying to get up the food chain! Particularly with the ever increasing buying cycle, technology vendors must start appealing to retailers emotionally, as well as outlining the business benefits of their solution. Marketing should focus on enabling you to start and sustain strong relationships with decision makers and their influencers. Retailers don’t have feelings about companies; they have feelings about people. Therefore, your products and services are increasingly less likely to win the day, unless you are the lowest-cost option - and no one wants to go down the discounting road. 10How retailers choose technology - and how to get them to choose you “I can’t say exactly why I chose those guys, I just had a feeling they were going to do a good job.” Emotion Relationship Appeal Benefits Feelings Personal
  • 11. It’s who, what and why you know Saying you need to reach ‘decision makers and their influencers’ is one thing, but who actually are these individuals? As we touched on at the beginning of this report, the number of people involved in the procurement of technology within an organisation is increasing. However, this picture becomes even more complex when you consider that they are surrounded by a whole circle of influential sources – partners, consultants, journalists, analysts, industry bodies and academics. You need to be reaching and influencing all of them, and – like many retailers – they are not interested in your products but in who you are, how you see the world, and what you think needs to change. They don’t want to talk to salesmen, but mentors, innovators, inspirational thinkers, educators and industry experts. Are you ready to play these roles? Are you that guy or does that guy even exist within your business? If not, get hiring – there are thousands of charismatic graduates spilling out of uni as we speak. 11How retailers choose technology - and how to get them to choose you PartnersJournalists Analysts Consultants Industry bodies Academics
  • 12. Questions to ask yourself 12How retailers choose technology - and how to get them to choose you Can you honestly say marketing is at the centre of your business network? Is your messaging attuned to what is happening in the market?Do you know who all your hot prospect decision makers are? How well known is your brand - what visibility do you have at C level? Do you have evidence in the form of case studies? Do you invest enough in relationships, and have enough well-connected people working for you? Are you seen as a motivator or a follower? Where are the gaps in your business offer? – Do you have partners that can help you fill them? Do you have a vision and a roadmap, and is it up to date? How are you perceived by your partners – and how do you manage your relationships with them? Which of your partnerships are strategic and which are dead? What have you done in the past year that demonstrates an understanding of how the market is changing? Is your thought leadership so elevated that no one can really understand what you actually deliver – or, at the other end, is your solution so technical that it cannot appeal to a C level audience?
  • 13. Turning words into actions Some of you may be reading this thinking that your marketing model isn’t currently working in light of the changing procurement process; others may be feeling quietly confident that you’re influencing the wide spectrum of retail influencers. However, marketing is only half the battle won. The relationship marketers have with sales personnel is critical to converting opportunities, but there is a serious disconnect between these departments in most technology companies. As Gartner notes, up to 70% of sales leads are not properly leveraged or completely ignored – which is incredibly high when you consider the wealth of tools and strategies available to integrate sales and marketing activities. 13How retailers choose technology - and how to get them to choose you 70%of sales leads are not properly leveraged or completely ignored Up to How retailers choose technology - and how to get them to choose you
  • 14. What success looks like – the tip of the tip of the iceberg Fieldworks’ marketing model for reaching and influencing retailers is structurally simple and highly effective. For those ready to embrace a new marketing strategy, here are our six fundamental principles for success: 14 Content Email marketing Social media PR How retailers choose technology - and how to get them to choose you
  • 15. 15How retailers choose technology - and how to get them to choose you 1. Understand - no, really understand - the market 2. Find the right person(s) 3. Market one to one (or at least in small segments) 4. Also market big… 5. Measure how you are doing 6. Involve sales early, often and continuously
  • 16. The intelligence that most suppliers use to start conversations with retailers is generally superficial and no different from what everyone else is saying. Retailers have complained for many years that technology vendors simply don’t understand them, so a good place to start is in research. While general information is available on the Internet, you will have to dig deeper to get an understanding of what it all means. For instance, we know that retailers think customer experience in store is important, but do we know if they are actually investing in it? Before you waste time trying to sell something for which there is little or no budget, do your homework. Use the market insight you’ve gained to get close to targeted opportunities, rather than firing off communications to a giant database. Making generalisations about retail has launched a thousand email campaigns and will no doubt launch a thousand more, but actually getting a response depends on knowing what motivates individual retailers. This requires real leg work; work that many suppliers are simply not prepared to put in because they are in too much of a hurry to start marketing. Work with all your stakeholders, partners and Internet resources to dig deep beneath the surface of a small and manageable set of prospects. It’s better to target 50 retailers that you know something about than approach 1,000 you don’t. 1. Understand - no, really understand - the market 16How retailers choose technology - and how to get them to choose you Research Market insight Stakeholders
  • 17. Decision makers, influencers, motivators, enablers, big talkers, dreamers, egomaniacs, deep thinkers – retail has them all, and you need to know them all. Take the knowledge you have gained into each business prospect and find both the person who actually makes decisions, and who they listen to. This is the depth of insight that sales used to invest in but generally no longer does, leaving it instead to marketing. 3. Market one to one (or at least in small segments) Personalise your communications based on some unique understanding of your target’s particular challenges. Spend time in their stores or on their website to see things from the point of view of the customer, staff or store manager. Assessing a retailer’s performance in an area relevant to your solution will save a lot of time – particularly if you discover that they just bought something, or signed a new multi-year contract. 2. Find the right person(s) Decision makers influencers motivators enablers big talkers dreamers egomaniacs deep thinkers 17How retailers choose technology - and how to get them to choose you
  • 18. 4. Also market big… At the same time as focusing on a small segment of prospects using deep discovery, you must continue to educate the wider market and all of its influencers; there is still a profile-raising value to using mass communications techniques. Utilise all marketing channels in a mix that is appropriate to your audience. With a short attention span and a short memory, it is inevitable that your audience will miss messages, which is why you need to reinforce communications across multiple channels. It also enables you to resonate with prospects in their most receptive channels. Some senior decision makers are immune to email marketing, for example, but you can bet they read Retail Week. Therefore PR remains one of the most effective ways to reach them. Social media is also effective at reaching large numbers of people, but make sure that you are reaching the right people. You may discover that you are a big player in the supplier community but are still not reaching decision making retailers. Be realistic about what each channel can achieve for you. …and that includes big opinions With ‘big marketing’ it’s vital to say something that will demonstrate your unique insight into your prospect’s market and business, and show your value in solving this challenge. The airwaves are crowded with ‘me-too’ messages and content from a host of vendors, very little of which actually reaches its intended market. Even those messages that do often have no impact, because it simply repeats what is already known. For instance, did you know that most of the content that goes out on the future of retail is generally only consumed by other suppliers, marketers and creative agencies, who use the information to create their own business cases? 18How retailers choose technology - and how to get them to choose you
  • 19. 5. Measure how you are doing Analysing the impact of your outreach, using a range of automation and manual techniques, is important to build up a picture of your engagement and judge just how interested your prospects are in you. This will be the best way to determine which media are most effective in generating lead engagement, and therefore how communications through them should be blended and budgeted. 6. Involve sales early, often and continuously As we’ve already mentioned, one of the biggest changes we have observed is in the relationship with sales, which traditionally was unequal, and often adversarial (and, the rest of time, frosty) towards marketing. The fact that sales increasingly relies on marketing to generate demand is marketing’s big opportunity. We are now equipped with the data, software and techniques to manage the entire sales journey from initial discovery, through pre-sales and beyond - where advocacy and networking come strongly into play. 19How retailers choose technology - and how to get them to choose you 67% 108% 209% lead acceptance more revenue from marketingimprovement in closing deals Aligning marketing and sales can help your company deliver:
  • 20. 20How retailers choose technology - and how to get them to choose you Looking across 25 of Fieldworks’ campaigns from the last two years, the direct contribution to sales pipeline has risen by 400% for no rise in overall marketing investment.
  • 21. Five things you can do now to reach retailers - and in what order Lastly, consider this – if you always do what you’ve always done, then you’ll always get what you always got. The market has managed to change without you, so it is only by working more closely and more collaboratively with your customers and prospects that you will become the people retailers turn to for a solution. 1 2 3 4 5 Think about who is going to help you make these changes, both internally and externally. Talk to sales and ask them how they would like to change the way marketing engages with them. It may already work well, it may be broken. Either way, you can both meet in the new middle called data. Spend time with your team and anyone within your business that is close to your market, to determine what you collectively understand about where and how your customers and prospects operate. Create a more detailed hierarchy of decision makers and influencers within these segments, including relationships where known. Take a long, hard look at your database. Assuming that the data is current, clean and opted-in, start to consider what segments you need to create based on your company’s sales targets and where you have ‘sweet spots’. 21How retailers choose technology - and how to get them to choose you
  • 22. Why should you take our word for it? 22How retailers choose technology - and how to get them to choose you
  • 23. 23How retailers choose technology - and how to get them to choose you Fieldworks has been helping technology companies sell to retailers and brands for more than 20 years. With our model, within 12 months (depending on how your organisation is currently structured): Your sales cycles will shorten, because you can’t afford for them to get any longer. You will quit earlier from opportunities that are not real, enabling you to focus on a smaller, but better-qualified number of real opportunities. You will be deploying your resources more effectively - a process that will all but remove the barriers between sales and marketing. You will generate more demand; some of it from people you have currently no engagement with. You will get out more and spend time in the ‘real’ world. Ready to fast forward your business conversations? Start by having a conversation with me. chris@fieldworksmarketing.co.uk / 07775 760876
  • 24. Our story Fieldworks is an award-winning PR and marketing agency, empowering technology companies to reach senior retail and brand decision makers through our campaigns. What makes us special? We’re connected with retailers and brands, like no other agency. Our influence enables us to support technology companies looking for growth in the retail, hospitality and payments industries. Globally-renowned companies such as Intel, Microsoft, SAP and Verifone trust us to build their business. We create highly tailored, agile campaigns based on market insight, to get our clients closer to their prospects, quickly. Each component is dynamically targeted to drive maximum return on investment - from lead nurturing through to direct prospect engagement. Get in touch: Chris Field, Director WHERE RETAIL AND INNOVATION MEET chris@fieldworksmarketing.co.uk / 0845 034 5602 / www.fieldworksmarketing.co.uk We also run the highly successful Retail Connections network, bringing together those with influence and profile in retail to share insights on implementation, management and innovation. www.retailconnections.co.uk