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Who’s listening and why?

August 19, 2019 By John Pritchard

I’m sure you’ve seen the now-famous picture of Mark Zuckerberg, CEO of Facebook, standing in front of a laptop that has tape over the webcam. If someone as big in the tech industry as Zuckerberg is using this kind of solution, it begs the question, Who is watching?

Lately I’ve been wondering who is listening and why? In the last month or so, I’ve had some curious – let’s call them coincidences – happen to me. The first was with Facebook. I was playing golf with a friend of mine and he was telling me about a lady he just started dating. He mentioned her name two or three times – all while I was skimming through Facebook. The next time I opened Facebook was later that evening. My friend’s new romantic interest was the first person Facebook suggested I friend. We had 7 common friends but I had never heard her name before that afternoon. Coincidence? Maybe.

Another incident that caught my attention happened when my wife was driving me in her car. I asked if she had any Tums (her chili always gets to me). As I asked her this, I was opening my Twitter app and the very first ad was for Prilosec OTC, another heartburn medicine. Coincidence? Possibly.

I am not a paranoid guy and I don’t usually buy into big conspiracy theories, but just think about how often we are in a position to be heard, recorded, or observed.

Our TVs could be listening, our phones are always within reach, and our cars are wired. Not to mention that Alexa device you bought specifically to listen and help you when asked… Think how valuable it would be to Ford Motor Company to know everyone who commented positively about one of its car commercials or how valuable it would be to a local realtor to know that you mentioned you would like to list your home next spring…

OK, OK, so you think I’m a paranoid who thinks he’s being spied on. But let me ask you this:

What if you knew which IDNs:

  • Are thinking about your category?
  • Wanted to learn more about the value your brand offers?
  • Are considering putting out an RFP for your product line?  

Do you think this information could help you? (Spoiler: It can.) If you want to know how this info can help you move market share, give us a call! We’ll show you how we listen to the big IDNs!

Filed Under: Blog, Marketing Minute

When is it okay to mention your competitor by name?

July 24, 2019 By John Pritchard

I get asked all the time “When can I mention my competitor?”. It’s a slippery slope. We all know you want to yell “My competitor cheats, their stuff sucks and they charge you too much!”

It cracked me up watching the Bud light Super Bowl commercial that was set in a medieval Bud Light plant and the crew notices that Corn Syrup was delivered as one of the ingredients for the brewing process. They then declare it must be a wrong delivery because Bud Light doesn’t use Corn Syrup.

Frankly, I didn’t know Corn Syrup was bad for you or ruined a nice cold beer…but OK, I’ll keep watching. So, the crew decides it must have been a shipment meant for Miller Lite, so they load it up in the wagon and take it to the Miller Lite plant.

Miller Lite opens the gate and declares they received their barrels of Corn Syrup, so it must have been meant for Coors Light.

Kind of a fun way to point out a differentiation and it certainly works well in the light beer market, but not sure it would with a drug, stent or MRI machine.  Nonetheless, it begs the question:

When is ok to mention your competitor by name?

I don’t have a comprehensive list of dos and don’ts for naming your competitor, but I think far too many great brands avoid boosting their overall product category in fear of it benefitting their competitor.

In the 80’s and 90’s there was a famous campaign by the main trade association for tire manufacturers that ran TV commercials and print ads showing that if you put a penny in your tread and it hit Lincoln’s head you need new tires!

This sold a ton of tires for all brands! What if Firestone would have released this campaign? Would it have benefitted Bridgestone? Goodrich? Hankook?

You bet it would have!

We need more of this in healthcare! Investment in important topics like:

  • Infection prevention
  • Good hand hygiene protocols
  • Cyber security
  • Patient safety
  • Worker safety

The list can go on and on, but you get the picture. Maybe it’s high time we start branding the value we bring and why it is needed and the market will rise for all of us!

If you haven’t seen the Bud Light commercial it will give you a good laugh at the link

https://www.youtube.com/watch?v=QoLiRI5swVk

If you would like some ideas on how to brand your solution contact me here!

Filed Under: Blog, Marketing Minute

5 Email Ideas to engage your customers and prospects

June 21, 2019 By John Pritchard

When was the last time you didn’t go through your email for an extended period? Just like me, probably never.

Love it or hate it, we all use email every day! 

Most brands value the power of having a relationship with the market via email and rightfully so!

Some facts on the power of email:

  • Email is at everyone’s fingertips, all the time! Literally.
  • It is reliable! Unlike Facebook or LinkedIn, it gets delivered. Stats show we see less than 10% of Facebook and LinkedIn post.
  • 64% of people prefer rich text emails. People like visuals and colors.
  • Segmenting your email lists to personalize is powerful. Your content can start to feel like answers to questions they have yet to ask.

But before we get too excited about emailing all of our target prospects, we should remember that getting emails that you don’t can deter you from liking a brand. Your target market feels the same way! So, don’t give them junk; give them stuff they want, and you will be rewarded!

Here are 5 ways great brands do just that every day:

  1. Newsletter –Not about what you want to tell them! Make it about ways to make their job easier or to achieve more success! Answer the questions they struggle with every day.

  2. Send them research – Ask your targets and their peers what they think of market dynamics, political consequences and their economic outlook on their market then share the results with them.
  3. Maintain a Calendar – Aggregate industry events that includes live, virtual and customer meetings. Everyone seems to be hosting events these days and its hard to keep track of all of them. Make their life a little easier with a regularly updated event calendar.
  4. Share articles –Everyone is so busy these days it is hard to make time to read content of interest. So, make a short list of the best articles you have read in the last month. They will thank you for summarizing the content and keeping them relevant.
  5. Send an Incentive for them to share with colleagues- People love free stuff. They also love turning others on to information they like. Maybe offer a portable phone charger, or a t-shirt with your logo for someone getting 10 or 25 people tuned in. 

Email marketing technologies are easier to than ever to implement, but the $1 million secret to email success is delivering the right content to your target audience.

We help best-in-class suppliers every day with content creation; give us a call and we will come up with 5 email ideas for your brand that you can start today!

Filed Under: Blog Tagged With: email ideas

What you talking about, Willis?

June 7, 2019 By John Pritchard

I know I probably just dated myself with that headline, but that is exactly what I think many times when I see a brand’s marketing information and collateral.

It seems simple enough; but answer honestly…who are you talking to with your marketing?

Think of all the stakeholders you must connect with?

  • Clinicians
  • Supply Chain
  • C-suite
  • Distribution
  • GPO
  • Prospects
  • Current users
  • A competitor’s client

The list can go on and on, but you get the picture.

I saw a recent statistic that the typical B2B transaction has 6 people involved in the decision-making process. Are you publishing content for the 6 stakeholders deciding whether to convert to your solution? If not, you should be!

The very best brands are publishing content that answers the questions their prospect would most likely google about their category. You may not have to answer those questions but having a discussion will greatly benefit your cause.

Another stat that should be important to great marketers is “65% of buyers rely on peer recommendations and review sites”. I am pretty sure most medical suppliers are not on trip advisor or Yelp, but you better believe your prospects are asking other clients of yours about your brand!

Have you curated client reviews and posted their responses? If not, I think you should look into it, maybe even see if you can publish on someone else’s website, as that is much more believable!

Filed Under: Blog, Marketing Minute

Kentucky Derby shows medical marketers the future!

May 6, 2019 By John Pritchard

In 145 years, the horse that crossed the line first had never been disqualified at the Kentucky Derby — until this past weekend. This appalled people worldwide, especially because the horse, Maximum Security, was one of the favorites to win.

As Maximum Security exited the last turn, it veered wide, impeding the progress of a couple of other horses. The egression was not noticed by spectators or announcers. Maximum Security then sprinted down the back straight to cross the finish line first, followed by Country House.

By all appearances it was a clear-cut finish, but upon completion of the race, the jockeys that believed they were harmed by the veer protested, sending a review to the Race Stewards. Upon a 25-minute review, the Stewards disqualified Maximum Security, naming Country House the winner!

If it weren’t for High Definition video the Stewards used, the infraction would never have been seen. Technology has made it possible to review things that may have been there for a century and half.

What if in 1937, Ward Admiral did the same thing? Could the Stewards have picked it up with their binoculars a quarter of a mile away? Doubtful.

What if in 1977, Jean Cruguet aboard Seattle Slew elbowed another jockey on the second post? Would the Stewards have been able to see that upon a review requested by other riders? Of course not!

So, what does this have to do with marketing?

We’re living in an era of incredible visibility, where everything is measured and seen, unlike decades before. So just like horse racing has HD video to review, you as marketers can measure the smallest audiences that are highly interested in your category. This is great news!

Why keep marketing like its 1937 or 1977?

Every week we hear from marketers asking us to run an ad or a piece of content so that it hits our entire reach, or a big part of our readership. I get it. That’s what we were taught in college, but it isn’t about just the big reach anymore.

Don’t get me wrong, the big reach is important for building familiarity. But in your race for prospects, you need to add HD visibility.

For example, how many prospects do you really need to raise their hands and say, “I am interested in your category”? 100? 50? 25? 10? Less?

We do this all the time for suppliers to IDNs, GPOs, distribution and physician offices. Let me know if you’d like some examples.

Happy Derby Days!

Filed Under: Blog

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