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Marketing
through a crisis
How to keep on keeping on
© The Marketing Practice 2020
Be brave, think
long term
2
There is a well known and well established correlation
between share of voice and share of market. Building
share of voice takes time and relies on sustained
marketing activity which has a cumulative impact. But
because of this gradual effect, there's a time lag and the
real effects of anything you do now will only become
apparent later. Meaning the impact of turning off the
marketing tap now will become apparent in the months
and years ahead.
© The Marketing Practice 2020
“Cutting marketing
expenditure results in less
ROCE (Return on Capital
Employed) recovery and
reduced market share
post-downturn.1
FROM ‘ADVERTISING IN A DOWNTURN’ BY THE IPA
1 http://www.samueljscott.com/wp-content/uploads/2019/01/Advertising-in-a-downturn.pdf
© The Marketing Practice 2020
Look to the
evidence
4
In times of financial downturn, leading organisations
refocus spend towards areas such as R&D, advertising
and sales in order to flourish in years to come.1
1 http://www.brethertonday.com/wp-content/uploads/2015/09/Learning-To-Love-Recession.pdf
Number of years taken
for sales to recover after
a year of 50% marketing
budget cuts.2
2 http://www.samueljscott.com/wp-content/uploads/2019/01/Advertising-in-a-downturn.pdf
© The Marketing Practice 2020
Lose the guilt
5
We all know there are bigger things than marketing to
worry about now. Like public health and the economy, for
starters. But good marketing has always been aimed at
answering a need and in a world struggling to cope,
matching up people who need services with people who
can provide them is crucial.
© The Marketing Practice 2020
Your first question:
“How can we help?”
6
ServiceNow have made their dedicated emergency
response apps free to public and private sectors1 and
Cisco are offering their Webex tool free for 90 days2.
What could your organisation do? Work with your
colleagues in product, service delivery, vertical teams and
so on to understand what your company can offer that
would be helpful.
1 https://www.servicenow.com/company/media/press-room/servicenow-emergency-response-apps.html
2 https://www.techradar.com/uk/news/cisco-offers-free-webex-licenses-to-deal-with-coronavirus
© The Marketing Practice 2020
It’s more than
marcomms
7
However many Ps you believe in, consider the full range
in your response to the current situation. Can you offer
vital services for a lower price or for free? Can you
redesign processes to provide access to something that
used to be a physical experience, online? Which of your
products should you be focusing your efforts on and
which should be mothballed? How can your back office
teams adapt to make life easier for your clients?
Product
Place
Price
Promotion
People
Process
PhysicalEvidence
© The Marketing Practice 2020
“Marketing has a lot more levers to
pull than just advertising and
better-run brands are currently
pulling them, while ignoring the
big, stupid, red ‘Covid-19
campaign’ button that is flashing
over in the corner.1
MARK RITSON
1 https://www.marketingweek.com/forget-about-empathetic-emails-during-coronavirus-and-start-making-your-brand-money/
© The Marketing Practice 2020
Don’t be
‘that guy’
9
There are marketers out there who will jump on the back
of everything from the Olympics to International Talk Like
a Pirate Day to try to sell stuff. Covid-19 is a global
pandemic, not a marketing ploy. Using it as an irrelevant
intro to your services will not only be a waste of time, it
will ruin your reputation with that prospect.
© The Marketing Practice 2020
Who’d be a
salesperson in
the no-
handshake
era?
10
Marketers need more than ever to support sales as they
move to a virtual selling environment, equipping them with
the data, evidence, content and tools they need to
generate and close opportunities.
Brand
positioning
First party content, e.g.:
• Sales decks
• Solution guides
• FAQs
• Comparison guides
• Demos
• Opinion pieces
• Conversation starters
• Business cases
• Whiteboard videos
End-to-end
value
proposition
Horizontal
propositions
Audiences
Vertical
propositions Sub
propositions
Advocacy
New
technologies &
trends
Tools &
methodologies
Third party content, e.g.:
• Reviews & community feedback
• Blogs
• News and editorial
• Analyst reports
The sales enablement canvas
The sales enablement canvas
© The Marketing Practice 2020
Stick to what
you know
11
Messaging and tone couldn’t be more important now.
We’re marketers, not doctors, mental health specialists,
yoga experts, workstation set-up gurus or physical
trainers. Social media is crammed with marketers and
others offering tips on dealing with coronavirus. Unless
your organisation has specialist expertise, leave the
advice to the experts and make your communications
stand out by providing helpful content in your own area of
specialism.
© The Marketing Practice 2020
No F2F event =
webinar, right?
Wrong
12
What was your original objective? If it was about brand
awareness and credibility then consider switching resource
to other tactics such as audio or video content, paid digital,
award entries and SEM. If your objective was lead
generation then a webinar might be the right option.
Equally you could upweight other tactics within your
demand generation and ABM programmes if you’re
concerned the world’s gone webinar-mad.
© The Marketing Practice 2020
We’re spelling
marketing with
2 ‘d’s
13
Yes, differentiation is important but don’t forget
distinctiveness as you rethink your approach. Most B2B
marketers focus so much on the differentiation they forget
the first job is to get noticed. This can be achieved in
many ways, from doing the unexpected to simply being
relevant and timely, or listening when others are
preaching.
© The Marketing Practice 2020
Did we mention
being helpful?
14
No one wants a hard sell right now. But when we return to
(the new) normal, if clients remember the positive impact
your company had during this situation you’ll be well
positioned when we emerge.
Some people may have more time available to learn, with
no commute and different working patterns. Can you help
your clients to navigate this crisis by providing online
training sessions? Do you have internal content that could
be repackaged and made available externally?
Home-schooling for
B2Bmarketers
Free skills sessions
At TMP we’ve set up a hub of on-demand
B2B content from specific updates on
marketing through a crisis, to more general
bite-size sessions on marketing strategy,
demand generation tips, ABM techniques
and more. Check it out.
© The Marketing Practice 2020
Prepare for the
new normal
15
When we emerge from the Covid-19 period, what
will the world look like for businesses and the
marketers within them? Impossible to know – but
it is possible to make some preparations. If you’re
doing less proactive marketing than usual take
this time to do some auditing. How usable and
complete is your prospecting data? Where could
you be building stronger relationships across your
business to set you up for the future? What’s Plan
B to replace events into Q4 if the events calendar
is too crammed? Measure the new tactics you’re
employing in this period so you can judge which to
keep and which to shelve when we’re through it.
© The Marketing Practice 2020
5 Ts to
takeaway
16
Tone
Keep it real
Tailor
…the message to suit the
moment
Teach
Help sales adjust to the new
way of working
Tactics
Shift to digital
PivoT
Focus on the right
propositions & products
…andwhateveryoudo,keep
communicating.
All content in this presentation is the intellectual property of The Marketing Practice and cannot be reproduced without written permission

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Marketing through a crisis the marketing practice

  • 1. Marketing through a crisis How to keep on keeping on
  • 2. © The Marketing Practice 2020 Be brave, think long term 2 There is a well known and well established correlation between share of voice and share of market. Building share of voice takes time and relies on sustained marketing activity which has a cumulative impact. But because of this gradual effect, there's a time lag and the real effects of anything you do now will only become apparent later. Meaning the impact of turning off the marketing tap now will become apparent in the months and years ahead.
  • 3. © The Marketing Practice 2020 “Cutting marketing expenditure results in less ROCE (Return on Capital Employed) recovery and reduced market share post-downturn.1 FROM ‘ADVERTISING IN A DOWNTURN’ BY THE IPA 1 http://www.samueljscott.com/wp-content/uploads/2019/01/Advertising-in-a-downturn.pdf
  • 4. © The Marketing Practice 2020 Look to the evidence 4 In times of financial downturn, leading organisations refocus spend towards areas such as R&D, advertising and sales in order to flourish in years to come.1 1 http://www.brethertonday.com/wp-content/uploads/2015/09/Learning-To-Love-Recession.pdf Number of years taken for sales to recover after a year of 50% marketing budget cuts.2 2 http://www.samueljscott.com/wp-content/uploads/2019/01/Advertising-in-a-downturn.pdf
  • 5. © The Marketing Practice 2020 Lose the guilt 5 We all know there are bigger things than marketing to worry about now. Like public health and the economy, for starters. But good marketing has always been aimed at answering a need and in a world struggling to cope, matching up people who need services with people who can provide them is crucial.
  • 6. © The Marketing Practice 2020 Your first question: “How can we help?” 6 ServiceNow have made their dedicated emergency response apps free to public and private sectors1 and Cisco are offering their Webex tool free for 90 days2. What could your organisation do? Work with your colleagues in product, service delivery, vertical teams and so on to understand what your company can offer that would be helpful. 1 https://www.servicenow.com/company/media/press-room/servicenow-emergency-response-apps.html 2 https://www.techradar.com/uk/news/cisco-offers-free-webex-licenses-to-deal-with-coronavirus
  • 7. © The Marketing Practice 2020 It’s more than marcomms 7 However many Ps you believe in, consider the full range in your response to the current situation. Can you offer vital services for a lower price or for free? Can you redesign processes to provide access to something that used to be a physical experience, online? Which of your products should you be focusing your efforts on and which should be mothballed? How can your back office teams adapt to make life easier for your clients? Product Place Price Promotion People Process PhysicalEvidence
  • 8. © The Marketing Practice 2020 “Marketing has a lot more levers to pull than just advertising and better-run brands are currently pulling them, while ignoring the big, stupid, red ‘Covid-19 campaign’ button that is flashing over in the corner.1 MARK RITSON 1 https://www.marketingweek.com/forget-about-empathetic-emails-during-coronavirus-and-start-making-your-brand-money/
  • 9. © The Marketing Practice 2020 Don’t be ‘that guy’ 9 There are marketers out there who will jump on the back of everything from the Olympics to International Talk Like a Pirate Day to try to sell stuff. Covid-19 is a global pandemic, not a marketing ploy. Using it as an irrelevant intro to your services will not only be a waste of time, it will ruin your reputation with that prospect.
  • 10. © The Marketing Practice 2020 Who’d be a salesperson in the no- handshake era? 10 Marketers need more than ever to support sales as they move to a virtual selling environment, equipping them with the data, evidence, content and tools they need to generate and close opportunities. Brand positioning First party content, e.g.: • Sales decks • Solution guides • FAQs • Comparison guides • Demos • Opinion pieces • Conversation starters • Business cases • Whiteboard videos End-to-end value proposition Horizontal propositions Audiences Vertical propositions Sub propositions Advocacy New technologies & trends Tools & methodologies Third party content, e.g.: • Reviews & community feedback • Blogs • News and editorial • Analyst reports The sales enablement canvas The sales enablement canvas
  • 11. © The Marketing Practice 2020 Stick to what you know 11 Messaging and tone couldn’t be more important now. We’re marketers, not doctors, mental health specialists, yoga experts, workstation set-up gurus or physical trainers. Social media is crammed with marketers and others offering tips on dealing with coronavirus. Unless your organisation has specialist expertise, leave the advice to the experts and make your communications stand out by providing helpful content in your own area of specialism.
  • 12. © The Marketing Practice 2020 No F2F event = webinar, right? Wrong 12 What was your original objective? If it was about brand awareness and credibility then consider switching resource to other tactics such as audio or video content, paid digital, award entries and SEM. If your objective was lead generation then a webinar might be the right option. Equally you could upweight other tactics within your demand generation and ABM programmes if you’re concerned the world’s gone webinar-mad.
  • 13. © The Marketing Practice 2020 We’re spelling marketing with 2 ‘d’s 13 Yes, differentiation is important but don’t forget distinctiveness as you rethink your approach. Most B2B marketers focus so much on the differentiation they forget the first job is to get noticed. This can be achieved in many ways, from doing the unexpected to simply being relevant and timely, or listening when others are preaching.
  • 14. © The Marketing Practice 2020 Did we mention being helpful? 14 No one wants a hard sell right now. But when we return to (the new) normal, if clients remember the positive impact your company had during this situation you’ll be well positioned when we emerge. Some people may have more time available to learn, with no commute and different working patterns. Can you help your clients to navigate this crisis by providing online training sessions? Do you have internal content that could be repackaged and made available externally? Home-schooling for B2Bmarketers Free skills sessions At TMP we’ve set up a hub of on-demand B2B content from specific updates on marketing through a crisis, to more general bite-size sessions on marketing strategy, demand generation tips, ABM techniques and more. Check it out.
  • 15. © The Marketing Practice 2020 Prepare for the new normal 15 When we emerge from the Covid-19 period, what will the world look like for businesses and the marketers within them? Impossible to know – but it is possible to make some preparations. If you’re doing less proactive marketing than usual take this time to do some auditing. How usable and complete is your prospecting data? Where could you be building stronger relationships across your business to set you up for the future? What’s Plan B to replace events into Q4 if the events calendar is too crammed? Measure the new tactics you’re employing in this period so you can judge which to keep and which to shelve when we’re through it.
  • 16. © The Marketing Practice 2020 5 Ts to takeaway 16 Tone Keep it real Tailor …the message to suit the moment Teach Help sales adjust to the new way of working Tactics Shift to digital PivoT Focus on the right propositions & products …andwhateveryoudo,keep communicating.
  • 17. All content in this presentation is the intellectual property of The Marketing Practice and cannot be reproduced without written permission