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BtoBlog: Blog Post of the Day |
Posted by:
George Stenitzer, Tellabs
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Posted by:
Tracy Samatha Smith, Director-Traning & Strategy, Crain's Social Media Group
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Learn more about
Crain's Social Media Group |
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Each issue of CMO Close-up features an interview with a CMO, as well as other marketing executives answering that issue's "Big Question."
This week's feature:
CMO Close-Up with Kathy Button Bell, CMO at Emerson
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B2B EMAIL MARKETING
Three strategies that make for successful email offers
Dan McDade, President-CEO, PointClear
January 5, 2012 - 12:51 pm EDT
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RELATED RESEARCH
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Email marketing is considered the workhorse of b-to-b marketing. Social media marketing may be all the rage, but email remains the bedrock of customer communications, transactional messages, and lead generation, despite being virtually a legacy channel.
But how are b-to-b marketers using e-mail? As prospects are increasingly bombarded by e-mails, have marketers changed their tactics in order to break through? This report takes a hard look at these questions along with the key performance metrics, budgets, and industry trends. LEARN MORE |
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While the right mix of features, value and differentiation contributes to successful offers, none is perhaps as important as understanding, then leveraging, the motivations that make prospects buy. These three strategies give prospects an immediate sense of “what's in it for me.” Try them and your response rates will increase. - Ground your offer in the three conditions of need: 1) Fear of loss in the current situation; 2) perceived risk of a deteriorating situation; and 3) opportunity to improve the situation. Basing messages on the first two generates the most traction. Creating offers around the third is like selling into a rainbow—illusive and very difficult. While the third gets the attention of those interested in improving, they may have no real motivation to do so.
- Include ultimate benefits. The “so-what exercise” is used to layer benefits until at least one of these ultimate benefits is reached: Saving money, saving time or improving an offering. The key is to link as many benefits as possible before getting to the ultimate benefit, which might be phrased as, “A strategic approach—and multitouch, multimedia, multicycle processes—will allow XYZ Co. to cover more of its market more effectively and focus its reps on the best opportunities, resulting in higher close rates and, ultimately, more profit.” Increased profit, of course, is the ultimate benefit.
- Leverage the reasons people buy. People buy for a number of business and personal reasons. It can be a job duty, recognition, security, compensation or self-actualization. Successful offers leverage both business and personal buying motivations to align content with a benefits, rather than a features, approach.
Use these strategies to better understand buyer motivations and refine your offers. Your content will resonate more authentically and response rates will increase. Dan McDade is president-CEO of PointClear (www.pointclear.com), a prospect-development company.
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