Posts Tagged ‘useful and relevant information’

Healthcare Pricing Transparency is Here!

Thursday, March 28th, 2013

Sometimes everything falls together – the product/service is right, the client is right, and the timing is right. We just had one of those experiences.

We produced a video and a whitepaper for a client who develops revenue management software for hospitals. People involved in the healthcare industry have known for years that healthcare pricing is unrelated to the cost of providing it, and one patient might pay 500% or more for the same procedure as another patient.Rev360 Wheel Video Play PR 300x249 Healthcare Pricing Transparency is Here!

A while ago, Revenue360 and its parent company Provider Advantage Inc., decided to do something about this issue. The problem they addressed is that hospitals can’t give patients an accurate estimate of their out-of-pocket expenses at the time of service. The hospitals must wait until well after the patient goes home to try to collect what’s owed. Revenue360 figured out how to accurately predict patients’ out-of-pocket expenses (it’s a gnarly complex process that the Revenue360 software accomplishes in seconds). Their client hospitals can now ask for payment up front, and they can offer a discount to patients willing to pay up front. The result is gigantic increases in point-of-service payments, significant decreases in collection costs, and (at the same time) more satisfied customers. Great!

That’s only half the story, though. It’s no longer just industry insiders who are aware of the issues with healthcare pricing. Researchers have published studies concerning the runaway costs of healthcare in the US. The debate over Obamacare further highlighted the problems within the industry and, about three weeks ago, Time magazine published a cover story titled “The Bitter Pill”. The magazines sold out at news stands across the country. The story has gone viral on the Internet. The average American now knows about the dirty, big secret of healthcare pricing.

We published a press release yesterday that target prospects are reading and sharing on social media. Revenue360 is experiencing firsthand the effectiveness of a well researched and developed marketing strategy executed via congruent campaigns containing tight and consistent messaging. The ROI of synergy between their content marketing efforts is why they hired acSellerant to produce the video, write the whitepaper and publish the press release. We can’t manufacture a zeitgeist, but we can create synergy across persuasive messaging that prospects consume, remember and share. Contact us if you’d like to learn more.

Please read the comments below, and add one if you’d like.

Anyone Can Shoot Videos

Tuesday, April 3rd, 2012

Just as a baby grand piano doesn’t make someone a virtuoso musician, a digital camera and editing software doesn’t make someone a producer of compelling videos. There’s a wide range of quality and costs across the spectrum of videos available on the Web. The spectrum runs from jerky, poorly lit camera phone recordings of a child’s birthday party, to slick advertorials for luxury cars produced by top Hollywood talent. Our clients’ needs and budgets fall somewhere in between. For medium-sized B2B companies, “business casual videos” are the best fit.Kid Videographer 235x300 Anyone Can Shoot Videos

I saw the “business casual videos” term on David Merman Scott’s blog. It aptly describes the videos that mid-sized B2B companies should be producing. You want to position well above the T-shirt and sneakers crowd, but below the Brooks Brothers (think IBM) crowd. You want to select a video marketing producer well above the legions of wedding videographers now pursuing online marketing careers, but below the major city agencies who have massive overheads to carry.

My partner in acSellerant Video Strategies is Teri Addabbo. Teri has produced thousands of hours of broadcast television. She has definite opinions on what it takes to produce effective videos – videos that people watch to completion because they want to.

Teri: “It’s not a part-time gig. It’s a complex art and science to script, shoot and edit seamless, watchable videos. Anybody can shoot video, but to get attention and communicate with an audience, you have to create a connection.”

Bob: “Which is much more difficult than it looks. Let’s address it one component at a time. For video case studies, we’re doing a lot of interviews. Give us an example regarding the interview process. What sorts of mistakes might a novice make?”

The Interview Process

Teri: “It’s important to understand the interview process. It’s not just asking questions. You have to do your homework so that when a question is answered you can follow up and create a conversation. How many hours do you spend preparing, Bob? You learn all about our client’s business, about how their customer is using their product, the benefits, the ROI, the person being interviewed – their role and responsibilities. When they trust you, the interviewee relaxes and engages in the conversation. That’s when it flows and becomes fun and interesting to watch.”

Shooting Seminars

Bob: “I know this is a pet peeve of yours and something many mid-sized companies attempt to do – record a video of a PowerPoint presentation given at a conference or seminar.”

Teri: “Absolutely. People don’t realize the number of facets that must be managed in order to produce something that’s usable. They’ll rely on the lights and sound equipment in the room. Big mistake. Either there’s not enough light so you can’t see the speaker’s facial expressions or hand gestures… which are what add emotion and interest; or there’s too much light and the screen is washed out. If the speaker isn’t mic’d for the video, you’re recording second hand from the room, often picking up ambient sounds that drown out the words.”

“The result is a video that’s unusable. Even if they get everything right, the video is boring. Being in the room is one thing. Watching an hour long presentation on video is deadly.”

Inexperience = Costly Mistakes

Bob: “Let’s explore the number of things that can go wrong. Your wealth of experience saves us almost daily from making costly mistakes.”

Teri: “OK. Let’s start with the script. Writing for a visual medium is much different than writing for print.”

Bob: “Yes, so I’ve learned. I actually covered that elsewhere (Optimize This!) though, so let’s skip that for now. We’ve touched on the camera, lighting and sound. What else?”

Editing

Teri: “Alright, let’s talk about editing. People think that you just punch a few buttons and you stitch snippets of digitized video together. That’s part of it, but how do you tell a story while doing that? How do you transition from scene to scene? How about pacing? If it’s too fast or too slow, you lose viewers. You have to vary the pace.”

Post Production

“How about post production and motion graphics? These can be very powerful, especially for marketing applications… but they must be used judiciously. Too much and they appear hokey or overwhelm the viewer. They should augment the action, adding related but not redundant information.”

Voice-Over Narration

“What about voice-over narration and sound effects and music? All of these must be synchronized and layered over the visuals so they add to the experience. If not done correctly, they can distract and confuse the viewer.”

The Story and the Marketing Messages

“If all the above is accomplished in a professional way, the end result is seamless. It’s a joy to watch. Viewers are unaware of the production… they’re absorbing the story and the marketing messages. And that’s what marketers should be aiming for. Otherwise, they’re spending time and money to produce a video that won’t be watched, or one that’s not going to have the desired effect. It can even have the opposite effect – leaving the viewer with a negative impression of the company.”

Bob: “And that happens. A company pays for a video, it’s produced, but it’s shoddy. So they bury it because they realize it’s an embarrassment. In that instance, beyond the wasted money, at least no harm was done. Sometimes though, they go ahead and display it where clients and prospects can see it. Now they’ve paid for something that harms their reputation and their sales.”

Business Casual Video

How much is too much when it comes to production values? It depends on your situation, your product or service, your target market, your competition, etc. In B2B marketing, you definitely don’t want to show up dressed sloppily, but you don’t want to be over-dressed either. Shoot for business casual video to make it affordable and watchable.

Flexible + Nimble + Virtual = Cost-Effective

Sunday, March 25th, 2012

I’m confident I’ve developed a winning recipe for effective B2B online marketing videos. I’ve been working on it for a long time. Along the way, I’ve pressure-tested my ideas with some of the best minds in B2B marketing, content marketing, IT sales, on-line marketing, and video production. You can see some of that input in previous posts in this series. Many more will appear as the rest of the series publishes over the next six weeks.

It’s one thing, though, to come up with a great idea, and something quite different to execute it successfully. So, even as we produce a proof of concept video, deploying all of the ingredients in my recipe, I looked for someone who could give me advice concerning my business model and implementation process. Fortune 100 corporations and top-tier agencies can do what I’m doing, because they have massive budgets and deep pools of talented staff. How do I produce effective videos while keeping costs down, so my mid-sized clients can afford my video marketing vehicles?

Larr M headhsot Flexible + Nimble + Virtual = Cost EffectiveLaurence Moskowitz is managing partner and CEO of Lumentus, a new breed of communications agency that combines public relations, social media and advertising. His Madison Ave. firm has developed proprietary technology to “force magnify” its efforts on behalf of a wide range of clients. I asked Larry for his advice. This is an excerpt from a highly valuable conversation I had with him:

“The current business environment is more dynamic, more fluid and more challenging than ever. Today’s demands simply can’t be met with yesterday’s solutions. Marketers share a common problem: attention. Prospects are busy, and they’re overloaded with information. They don’t have the time to sift through it and make sense of it all.”

“That means that marketers must reach buyers with impact, conciseness and a lasting impression. As communicators we need to employ the right tools at the right time in the right way. Our eyes are our windows onto the world… and the sense that affects us most. Movies and television are integral parts of our culture. The outstanding success of YouTube proves the power of video on a smaller screen. Mobile media are now being dominated by video.”

“Online videos can be the most effective B2B marketing tools. Video – if produced and edited professionally – can announce, demonstrate and explain products and services with a power unmatched by any other medium. The difference between amateur and professional video is the difference between (at best) an entertaining diversion, and a sophisticated tool for advancing prospects through the sales cycle.”

“For you to execute successfully, you need to function in a nimble universe of skills. That translates into using the best resources to tackle a challenge, but you can’t afford to maintain all that talent in-house. The solution is clear: outsource the video aspects to experts who know how to produce powerful imagery that incites audiences to respond.”

“Bob – you made a brilliant choice in partnering with Teri Addabbo. Teri is a highly talented video producer who has extensive experience in broadcast television. She knows how to tell stories visually… to capture and hold attention. She has assembled a large network of all kinds of video professionals you can tap into as needed. And you, of course, have a similar network in the B2B marketing field.”

“I think between you, you’re developing a flexible and nimble organization designed to understand client needs, overcome marketplace challenges, and create highly effective sales tools.”

Why So Few Effective B2B Marketing Videos?

Thursday, March 8th, 2012

The time is now. The infrastructure has been built – fat pipes capable of carrying video without buffers and stutters have been laid. Dozens of streaming platforms with embedded analytics are available and affordable. Viewing devices are ubiquitous – every person who plays a role in a B2B buy decision has a computer, tablet or smart phone. Prospects are ready. Study after study shows that B2B buyers prefer consuming information via video over text or PowerPoint.

So why aren’t we seeing effective online B2B marketing videos? The laggards are the agencies.

B2B Agency1 300x161 Why So Few Effective B2B Marketing Videos?

Mac McIntosh is a friend and colleague. He’s also a B2B demand generation expert. Here’s what he said when I asked him about this phenomenon: “Online video producers who come from a marketing background know how to drive traffic, align with a marketing strategy, and include a compelling call to action. Producers from the video world know how to tell a story visually and hold the viewers’ attention with sight, sound and motion. What I haven’t seen much of (other than from a few big, expensive agencies) are video producers who deliver both: left and right brain, message and visual, strategy plus story. That’s what’s really needed.”

Let’s take a look at what’s out there. There are literally thousands of examples of what Mac is referring to. Here are just a couple:

IT Networking Equipment Case Study This is clearly a case where a video production crew did a credible job of documenting a case study in a story format, but little thought was given to the marketing aspect. The target prospect was not clearly defined, so they were unable to focus on the handful of benefits that would be most important to that prospect. The result is a lot of superfluous talking heads and a run time of six minutes – far too long. The context for the story is never articulated. It should state up front what this is about and why (the targeted prospect) should view it. They chose to post this on YouTube, instead of on one of the streaming platforms designed for marketing. The result is a weak call to action that appears below the viewing panel. It gives the prospect no reason to click through, and there’s no way to capture contact information from those that do.

Medical Billing Software Here’s one that’s built on a sales strategy, but the video production is nothing more than a PowerPoint with voice over. The images and graphics were given little thought. There’s no evidence of any skill or knowledge regarding visual storytelling, or an ability to grab and hold a viewer’s attention. At two minutes forty seconds, the length is suitable, but try to sit through the whole thing. Those two minutes may as well be two hours.

So Mac is right. Effective B2B marketing videos require both sides of the brain, art and science, visual storytelling and online marketing expertise. We’ll discuss how to go about achieving that in our next blog post.

How to Avoid the Seven Deadly Marketing Sins

Monday, October 17th, 2011

Here’s a cartoon from Tom Fishburne of Brand Camp. I love it because, as all good cartoons should, it reflects reality.

Seven Deadly Sins Cartoon How to Avoid the Seven Deadly Marketing Sins

What should you do instead?

  1. Get creative. Treat each new campaign as if the whole world has changed since the last one (because it has – even if the last one was yesterday).
  2. Be aware of your competitors, but don’t imitate them. Be better. Work harder. Add more value (yes, your marketing should deliver value to your prospects).
  3. Social media ‘likes’ are a good thing, but they aren’t the point. The point is to nurture prospects with useful and relevant content. Useful and relevant content builds trust. Trust sells.
  4. Fancy ad shoots are fun, and sometimes they’re worthwhile… but do a cost/benefit analysis before spending your client’s (or employer’s) money.
  5. Partnering with any affiliate who will have you is lazy and risky. Be selective. Have a good reason for linking your product/service/brand with another company’s, and research them for potential liabilities.
  6. Don’t spam. Just don’t.
  7. Everybody enjoys a pat on  the back, but awards should be a byproduct of your efforts… not their objective.

Do you have a reaction to Tom’s cartoon you’d like to share?

9 Steps to Continuous Content Marketing Improvement

Friday, May 6th, 2011

Closed-loop marketing has been the exclusive domain of major corporations until very recently. Smaller companies with limited resources can now also reap enormous benefits from it. Closed-loop marketing is the process by which market intelligence learned during a marketing campaign is fed back into the strategy and plan; resulting in more focused targeting, more effective messaging, and improved resonance.

Until the past couple of years, closed-loop marketing could only be achieved through expensive, labor intensive market research. Imagine being able to automatically feed your prospects’ reactions to your marketing content back into your strategy, messaging process and choice of delivery vehicles. It isn’t just doable… it’s within the reach of even the smallest companies. What follows is a brief overview of the Closed-loop Marketing Process. In subsequent CMI posts I’ll dive down into each of the processes and show you step by step how it’s done.

 

ClosedLoopGraphic31 300x246 9 Steps to Continuous Content Marketing Improvement

1.  Research

At the launch of any marketing campaign, it’s ALWAYS a good idea to make sure you have a realistic understanding of your product, the marketplace, your value proposition and competitive positioning. In this closed-loop process, I’m depicting a research step only at the inception. The process itself will automatically deliver new, deeper market intelligence as you roll it out.

2.  Strategy

A clearly defined strategy is essential to the success of your content marketing campaign.

  • What are the objectives for the campaign?
  • Who are your prospects?
  • What industry are they in?
  • What roles and titles do they have?
  • What business pains are your targets experiencing (related to your solution)?
  • How will your product or service solve those problems?
  • What are the resulting benefits?

3.  Buyer-Centric Processes

You can’t build relevant and useful content unless you know exactly who you’re talking to. Refine your definitions of target prospects from Step 2 into actual personas (representative individuals). Construct a map of the steps that your prospects go through in making a buying decision. Prospects have different informational needs depending on where they are in the buy cycle. Message maps identify the key messages that must be successfully communicated to prospects to move them to the next step in the buy cycle. Click on this hyperlink for more detail on Message Maps.

4.  Editorial Calendar

Content marketers are publishers. Publishers develop editorial calendars to give them a road map of where their publication is going – which topics are going to be covered and when. Today we publish in many different formats. Look at your message map and determine how best to deliver your content (via blogs, case studies, emails, magazine articles, podcasts, presentations, videos, web pages, webinars, white papers, etc.).

5.  Content

Prioritize using all the information you’ve gathered in the preceding steps, and start building your content piece by piece. You don’t have to create everything from scratch. Odds are you can find existing in house or third party materials that are appropriate and effective. Don’t just appropriate the content, Curate it. That means you acknowledge the source, and then put the content into context by explaining how it relates to your solution. Optimize with SEO key phrases.

6.  Promotion and Socialization

Once the content is built, you need to let your target prospects know that it exists. If you have a permission-based email list, or blog subscribers, you can deliver your content directly. Otherwise you need to pull your targets to where your content is located online, or push it to where your targets are congregating in social networks.

7.  Feedback

Google Analytics, click thru tracking in emails, social media monitors and other tools enable you to cost effectively see how your targets react to your content.

  • Where do they immediately bounce off a page?
  • Where do they linger and learn?
  • Which pieces do they forward, post, or tweet about?
  • Where do they convert and take your desired action?
  • What do they have to say in their blog comments?

For more on this, see Scott Frangos’ CMI post “How to Get Results After Creating Compelling Content”.

8.  Document

To leverage the valuable information you’ve collected in the previous step, you must gather the information, organize it, and store it where you can search it and sort on it. The more information there is (and tools like Google Analytics can generate tons of it), the more you’ll need automation in the form of an integrated Customer Relationship Management (CRM) system.

9.  Analysis

Once you have the market intelligence you’ve gathered in a format that’s easily manageable, it’s time to measure how you did. This is an analysis process that translates the market intelligence into action items to course correct and tweak your campaign.

  • Where did you do well?
  • Where could you have done better?
  • What should you change regarding your target descriptions, personas, message map, vehicles and content?

Today’s buyers are moving targets. Their needs and issues are constantly evolving. The economic environment is always changing. Technologies are continually being developed and upgraded. So it makes sense that our marketing campaigns should also morph in an attempt to keep up.

Closed-loop marketing is ideal for B2B marketers who need to nurture prospects over extended periods of time. By continuously analyzing customer responses and refining your communications process and messages, you can adjust your campaigns to deliver highly targeted, relevant and effective marketing content.

I’m a contributor to the Content Marketing Institute blog. This blog post first appeared there:

http://www.contentmarketinginstitute.com/2011/04/content-marketing-improvement/

Look for my blog posts on the steps of the Closed-Loop Content Marketing Process and on Content Curation at CMI.

 

Content Curation from Source to Influence in Five Steps

Wednesday, April 27th, 2011

I’ve been doing “Content Curation” for years. Ever since the internet and email have been widely available tools, I’ve been sharing bits and pieces of information I found interesting, thought-provoking, or just plain entertaining; and I shared with colleagues, friends, clients and prospects. Over time, I learned that it’s a great way to keep top of mind with clients and prospects without being ‘salesy’. I deliver timely, relevant and useful information to them in easy to consume bites. The timing is serendipitous – it depends on when I happen to run across something meaningful. It might be a single day between curated missives, it might be a month.

Curating Content 227x300 Content Curation from Source to Influence in Five Steps

My forwarded curations are also highly personalized. I rarely blast an item to a long list of people. The vast majority of the time I send a tidbit to a single individual, or a small handful of people. The information is highly relevant, meaningful, and hopefully valuable to these people. I’ve trained them to look forward to these tidbits so my ‘open and read rate’ is very high.

That’s on the personal level. Curated content can also be an important input into more formal marketing communications/content marketing campaigns designed to inform and gently persuade regarding products, services and solutions.

So how’s it done? Something like this:

Step 1: Identify Your Topics of Interest

  • What topics make sense for your company and product set?
  • What peripheral topics might be of interest to your sphere of influence? What industries are they in? What types of technology do they manufacture, purchase or use in their businesses? Are there political or regulatory issues that affect them?
  • Is there a specific niche in which you’d like to position yourself as a thought leader?

Step 2: Select Your Search and Aggregation Tools

There are many tools available online. I prefer to use a limited number of these, paying particular attention to the search terms I develop. The more ‘advanced’, selective and sophisticated your search terms, the fewer results you’ll get, but those results will be more valuable and relevant.

Google, the king of all things search, has many free resources that can help you to become an ‘advanced’ searcher. Spend two or three hours to learn this skill. It’ll save you hundreds of hours over the next decade.

Tools to use to find relevant information, aggregate it, organize it and deliver it to your constituents:

  • Addictomatic.com
  • Digg.com
  • DuckDuckGo.com
  • Google.com/Alerts
  • Google.com/Reader (set up via RSS feeds)
  • HootSuite.com
  • IceRocket.com
  • LinkedIn.com (group discussions)
  • Paper.li
  • Scoop.it
  • SocialMention.com
  • StumbleUpon.com
  • Technorati.com
  • TweetDeck
  • Twitter.com

There are many others. The point is to select the subset that you like, and then set them up correctly. They’re just tools. You want them to help you find the nuggets of gold hidden in the vast mountains of available information.

Step 3: Gather

Once your tools are set up, the information will be delivered to you daily. It’s up to you to skim and scan, trash and save, read and contextualize.

Step 4: Organize

You can get as detailed as you want about this. I think it’s a matter of personal style, plus the amount of data you’re dealing with. Obviously, the larger the amount of information, the more you’re going to need to categorize it, perhaps creating sub-categories and metadata to enable efficient searches. My personal style is not terribly organized, and I find this is helpful (in this context). My brain tends to sift information and make connections that wouldn’t normally occur in an organized taxonomy.

I do organize my curated content by target audience, though.

Step 5: Share

There’s no point in doing all the above (at least from a marketing perspective) unless you deliver the appropriate (and relevant) information to your various constituents (individuals, small groups, distribution lists). Remember – what’s useful and relevant to one person is irrelevant and useless to the next.

You might deliver to individuals in an informal, unscheduled way via email. For groups of people (aggregated by shared interests) you might use newsletters, social media (including blogs), podcasts, etc. and disseminate on a pre-determined schedule (once a day, week or month). What’s important here is to assess the content, and assess the audience; then select the appropriate vehicle and frequency.

Attribution

There’s an old adage – “If you take from one information source, you’re plagiarizing. If you take from twenty information sources, you’re researching.” There’s a spectrum of content curation ranging from direct quotes all the way to completely re-thought, re-contextualized, re-written material. All are equally valid… as you approach and reach the direct quote end of the spectrum, you should attribute the source including author and publication.

Did I miss anything? Are there any helpful tactics or tools that you can’t live without in your content curation endeavors?