Showing posts with label TEMPESTA MEDIA. Show all posts
Showing posts with label TEMPESTA MEDIA. Show all posts

Monday, February 06, 2023

NEW INC. MAGAZINE COLUMN BY HOWARD TULLMAN

 

These Guys Are Stupid, And I'm Being Charitable

Why do some organizations still solicit funds the way they did in the 1960s? You need to take a smarter marketing approach, or you'll waste money like they do. 

BY HOWARD TULLMAN, GENERAL MANAGING PARTNER, G2T3V AND CHICAGO HIGH TECH INVESTORS@TULLMAN


I'm still getting about two bucks a month in cash from stupid, misguided charities that insist on sending me actual money in the mail. I get half dollars, a few very clean dollar bills, and a two-dollar bill or two at least once a quarter from the knuckleheads who are running the marketing campaigns for these clueless organizations--typically asking for help for vets, pets, and orphans.

These idiots are still selling tonnage to suckers instead of data-driven targeting. They're basically dumping their clients' dollars down the drain. Sadly, most of the traditional charities still using the mail are run by tired old managers from pre-digital times who don't know any better and frankly don't care to rock the boat or change the ways they've "always" done business. To these people, tradition is just a convenient excuse for resisting change.

Never mind the decks of cheap playing cards, the tiny pairs of socks and gloves, the dozens of pens and notepads, and, of course, the zillions of calendars and greeting cards sent from October through December. I'm talking about real U.S. tender, and plenty of it. I'll leave the math up to you, but if an average non-responder like me - never having given a dime to any of these clowns -- is getting $20 or $30 a year, it's pretty clear when you consider mailing costs that millions are being wasted annually on these pointless pleas.

The charities apparently have no one in management able or willing to ask whether these mail spampaigns still make any economic sense, if they ever did. I used to feel bad about the stories of mail carriers dumping loads of mail in garbage cans rather than delivering it. Now I feel that they're just saving me a trip to the trash because I've long abandoned asking anyone to send me anything important by snail mail.

How can the marketers defend this approach of sending millions of misdirected missives? Their strategy starts with the assumption that an unsolicited and unwanted gift somehow confers an obligation on the recipient to reply, respond, or act in any particular manner, other than to laugh at the squandering of allegedly precious charitable funds. And please don't tell me that they wouldn't do it if they didn't ultimately bring in more money than the mailing costs because I'm not sure that even the morons in charge can count. This is a classic example of the old adage about knowing you're wasting half of your advertising and marketing dollars, but not knowing which half is being wasted.

In fairness to the charities, we've seen just as much waste and stupidity in the digital marketing world. Online advertisers are being sold the idea that by having random third-party firms create channel-stuffing content and other promotional pablum-- instead of useful, valuable, and authentic material -- they can cost-effectively attract and redirect indiscriminate eyeballs and generate substantial numbers of leads and site traffic. The emphasis, in case after case, is on the volume of eyeballs instead of actual attention and focused engagement. The vendors then justify and support this crappy content with metrics based on clicks instead of cash results. It was a short-lived scam, which has now largely run its course. There's only so many times you can spam me with protein supplements, vitamins, cure-alls and diet compounds before it all gets lost in the clutter and totally ignored.

The context of an attempted conversation and solicitation-- especially in the glutted and noisy digital world-- means far more in many cases than the content, even if it's well-crafted and actually valuable, because if the target isn't listening, it doesn't matter what you're saying or selling. Millions of dollars have been frittered away on content campaigns that disappear into the ether. That said, if the material itself is so bland that it could as easily have been written by ChatGPT, had such a tool existed then, you'd have still been wasting money. Turns out that it's very difficult to outsource your business's basic selling propositions unless the prospective partner doing the work invests heavily in the research necessary to learn enough about your business to be almost as good as you are in telling your story.

To make matters worse, there hasn't been any useful tracking for the clients of the reach, response, and results of the tons of commoditized content being launched into space, or of the ROI -- which should have been the point of the entire process. No leads, no prospects, no sales, and no outcome data -- nothing but noise. The last several years have seen hundreds of these counterfeit content marketing startups come and go, and the single shortcoming, which they all seem to share, is the absence of any substantive measurement tools to accurately report real dollar and cents results. You can't manage what you can't measure. And eventually, almost everyone catches on and no one re-ups. Client and customer churn in the industry was constant and there were no "second sales."

 The post-pandemic emphasis on profitability and demonstrable results has helped to wash out many of the pretenders and even some of the otherwise viable players who failed to adapt to the new demands of the marketplace by streamlining and automating critical parts of their businesses. The survivors have changed their pitches -- from conceptual to concrete-- and they're leading the charge with proof and use cases.

If you're still looking for a outsourced solution in this area, and if you're a business without a boatload of marketing and writing talent already on board, make sure you ask for answers upfront.  The clear winners should be able to show you success stories and improvements in four or five critical categories. Not every one of these metrics will be at the top of your list of objectives, but each of them is making someone's business grow and prosper.

The basic buckets, where you should see baselines and then a record of clear improvements, are the following for almost every business: (1) direct lead generation; (2) referred traffic leads; (3) social media traffic leads; (4) organic traffic leads; (5) exposure, redirect and shared blog and paper publication; and (6) website/domain authority and links-- referrals and keywords. Each of these areas and metrics is its own world of data, processes, measurement, and relative weight, which will vary by company and concerns. But each is worth examining, understanding, and discussing carefully before you choose a managed services vendor for any outsourced marketing.

Trial-and-error solutions or DIY attempts to deal with the costs and complexities of these matters aren't smart bets for most SMBs. Look for a one-stop, experienced partner who has assembled a comprehensive set of integrated solutions and used them effectively and efficiently for others. Lean on and learn from someone who's already been there and done it.

Tuesday, September 06, 2022

NEW INC. MAGAZINE COLUMN BY HOWARD TULLMAN

 

Founders Don't Know Everything--They Just Think They Do

You may think you're really good at marketing--and sales, and ops and HR. But smart bosses concentrate on what they do best and outsource what someone else does better. 

 

BY HOWARD TULLMAN, GENERAL MANAGING PARTNER, G2T3V AND CHICAGO HIGH TECH INVESTORS@TULLMAN


It’s probably a given that, in most startups and early-stage businesses, the founding CEO - if he or she had the time, inclination, and patience - could do any other team member’s job as well or better than they could. Of course, no one has the time to mind everyone else’s business and no CEO I know would have the patience or concentration that it takes to do many of the tasks that are important parts of making any organization run. But plenty of them would have the inclination because that comes with the territory.

Every CEO is a master - in their own mind - of sales, marketing, advertising, design and just itching for the opportunity to show their stuff.

But that’s a bad bet and a waste of time and energy and, most importantly, it’s demonstrably not the highest and best use of the boss’s time even apart from the chaos it can cause, and how demoralizing it can be for the other members of the team. It’s bad enough when other staffers try to “lend a helping hand” to their peers and make things worse. But it’s a total debacle when bosses try to bigfoot their way into the process, and no one really wants to tell them not to.

I’m sure that no specific area of any business is totally exempt from this problem although I do think that most CEOs understand that they aren’t great artists or graphic designers. But every one of them thinks that they can write rings around anyone else when it comes to describing the features, functions and economic benefits of their products and services. In most cases, largely because they love the sound of their own words, they’re too verbose, far too zealous, and not especially credible.

Even though it’s hard for them to imagine (and harder still to convince them to believe it), creating concise and consistent content marketing, as well as the strategy to get the “word” out to the right channels is a complicated task. So complicated in fact that it should almost always be left to outside experts who can be objective and who are willing to withstand the slings and arrows from the C suite as they do their work. Losing a client or a project is certainly scary for any contractor but losing your job because you tell the boss the truth about something is a lot worse. As Samuel Goldwyn used to say: “I want everyone to tell me the truth, even if it costs him his job.”

The good news about using an outside firm - I call this a “managed marketing solution” -- to help your team design, develop, deliver, and measure the results from content marketing initiatives is that the proof is absolutely in the pudding. There’s no fudging the facts; there’s no one unwilling to tell the Emperor that his deeds are duds; and no one is stuck beyond the basic engagement with non-performers. In addition, outside experts focus on the full story and are less likely to fall in love with the fluff.

In fact, one of the biggest mistakes that young firms make is spending the vast majority of their bucks on fancy booklets, brochures, banners, and other pretty things to brag about - like a big expensive booth at the annual industry conclave - and fail to focus on documenting and dissecting the results of their marketing efforts. The entire analytical process - start to finish - is essential to success. Am I reaching the right people? Is my message getting thru to them? And, most importantly, are they reacting/responding in the desired manner? Reach, resonance, and response.

Interestingly enough, these questions and concerns became even more urgent during the last two years of the pandemic because firms that had traditionally relied primarily or exclusively on offline marketing campaigns discovered quite quickly that their traditional lead flow and new prospect numbers fell off radically. They weren’t reaching their usual suspects and prospects and their sales were suffering accordingly. They needed to move to new online solutions, but they didn’t really have the in-house talent or expertise to get the job done. This presented a typical and time-sensitive “build or buy” dilemma.

A number of them turned to firms like Tempesta Media, which had basically become a one-stop shop for businesses that figured out that it makes a lot more sense for them to farm out these new online marketing tasks to an experienced firm with all the latest tools and technology so that: (a) they could pay more attention to running their basic business; (b) they could keep their CEO from thinking that he’d turned into Leo Burnett or David Ogilvy overnight and could do it all himself, and (c) they could avoid wasting their people’s time and their company’s money trying to learn to create effective content that they’d never do well and shouldn’t be doing in the first place. Not everyone’s cut out to be Mad Men.

The results in a couple of cases that the company shared with me were impressive. The managed content solutions which Tempesta developed were not huge, not overly complicated, and not particularly expensive, but they were very effective for the clients in a relatively short period of time and the bottom-line numbers spoke for themselves.

One company used a performance-based, digital marketing program that Tempesta developed --- after thoroughly analyzing the business and confirming its primary needs and objectives -- to drive a 50% plus jump in leads in the first 90 days along with huge gains in referrals and awareness measures. In looking back at the initial phase of the project, what was clear and what drove the immediate success wasn’t really any magical approach or secret sauce (although Tempesta’s proprietary analytical tools are pretty impressive); it was basically that the necessary work and the ultimate job got done. There wasn’t a lot of conversation, disruption, false starts, diversions, or disagreements - Tempesta took the bit, ran with it, and delivered the goods.

There are many other competent firms around which can help you in better telling your story - although what struck me about Tempesta was how fully integrated their system was with critical measurement and outside metrics - but the real message isn’t who you choose, it’s why it’s important to do your homework and find a good firm willing and able to help you in the process.

The moral of the story to me is that the old cliche about “if you want something done right and quickly, give it to someone who’s busy” is way off the mark. The truth is pretty much the exact opposite. If you don’t have the time or talent in your firm to do what needs to be done, find someone outside who’s good, quick, fairly priced, and results-oriented and let them run with the ball.

I realize that marketing is a sensitive and strategic part of any business and that it’s hard for owners and operators - who believe that they absolutely know their businesses better than anyone else - to let go, but in cases like this, it’s the smartest thing to do.

Do your due diligence, prepare, and deliver careful and clear directions, delegate the supervision to someone other than yourself, and then stand back and get out of the way so the experts can get to work. Knowledge is being aware of what you can do; wisdom is knowing when not to do it.

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