marketing through the recession
DESCRIPTION
Excerpts from a talk at the Argyle CMO ForumTRANSCRIPT
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Marketing Through the Recession
Argyle CMO Leadership ForumSan Francisco, June 2, 2009
Grant JohnsonVice President of Marketing Guidance Software, Inc. (GUID)
P A G E 2
Is “Marketing Strategy” an Oxymoron in a Recession?
Balancing Acquisition, Conversion, Retention and Upsell Efforts
Rethinking the Marketing Mix in a Challenging Economy
Customer Segmentation
The Evolution of the Marketing Role in a Recession
Agenda
P A G E 3
Is “Marketing Strategy” an Oxymoron in a Recession?
Rethinking Strategy in a Down Economy
Balancing the “Sales Now” Imperative with Future Growth
Stay the Course vs. Refine or Abandon
Sales & Marketing Integration
Strategic Imperatives
What’s Out What’s In
Creating Buzz
Generating Results
Spray and Pray
Integrated, Measurable Campaigns
New=
good
Credibility=
everything
Analyst endorsement
Customer endorsement
P A G E 4
Segmenting the Install Base and Technology Lifecycle Adoption Stage
Bowling Alley: Acquisition and Upsell
Main Street: Retention and Plus One, Product
Conversion
Multi-touch (mapping the sales cycle via marketing touches)
Website
Webinars
Sales & Marketing Mindmeld: Integrated multi-touch campaign
The changing customer mindset
Cost Avoidance vs. Cost Savings
Shift to SAAS/Subscription vs. License SW
Balancing Acquisition, Conversion, Retention and Upsell Efforts
P A G E 5
Shift to online vs. traditional media and event marketing focus
Shift also to frequency and depth of contact Customers: Advisory boards, User groups, Community
Influencers: AR, PR, Industry
Social media: YouTube, Twitter, Blogs, etc. an increasing focus
Cross functional: training, services divisions
Frequency of ROI owns the Marketing Mix on direct investments
Sales and Marketing Linkage
Rethinking the Marketing Mix in a Challenging Economy
P A G E 6
Establishing, Prioritizing Segments
Bowling Alley strategy
Identifying more profitable segments
Cloning the best customers
Getting to critical mass in select verticals
Balancing acquisition, conversion and retention efforts
Value based investments
Segmentation influence on product development
Customer Segmentation
P A G E 7
Moving Closer To The Head Of The Table
Taking A More Active Role In Strategy
Forecasting Accuracy And Accountability
Sales And Marketing Integration Imperative
Marketing And Finance As Partners Vs. Adversaries
Gaining Credibility By Delivery Predictability
The Evolution of the Marketing Rolein a Recession
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Marketing Through the Recession
Grant JohnsonVice President of Marketing Guidance Software, Inc. (GUID)