understanding the buying process

9
Marketing’s Evolving Role How marketing’s role has changed in today’s buying process

Upload: stephen-abbey

Post on 04-Dec-2014

1.022 views

Category:

Business


7 download

DESCRIPTION

How Marketing's role has changed in today's buying process.

TRANSCRIPT

Page 1: Understanding the buying process

Marketing’s Evolving Role How marketing’s role has changed in today’s buying process

Page 2: Understanding the buying process

Marketing’s Role in the Buying Process Has Expanded

Marketing delivered eyeballs and sales

would qualify, inform, and convert them  

Today marketing has more responsibility--sales gets

involved later in the process when leads are already qualified & sales ready  

Marketing will continue to cover more and more of the entire buying

process

Page 3: Understanding the buying process

Why Has Marketing’s Role Changed?

•  Customers are well-informed: Factual, objective information is infinitely available –

•  Opinions and testimonials are easy to obtain - Facebook, Twitter, blogs, review websites

•  Information overload: People are so overloaded with marketing, they tune it out

Page 4: Understanding the buying process

Marketing’s Shift in the Buying Process

Awareness of the need for

change How can I

address this need for change? Decision to

change

Marketing Responsibilities

Page 5: Understanding the buying process

Marketing is no longer about awareness: it’s about capturing interest

•  Information overload •  Attention spans are miniscule—and

getting shorter (average: 9 seconds) •  To differentiate your message, move from

logic to fascination

Page 6: Understanding the buying process

Fascination jumpstarts the buying process and helps

bypass objections

Marketing’s Expanded Role

Page 7: Understanding the buying process

7 Triggers to Capture Interest Power – Take command

Fidelity – Stay on the Line Passion – Invoke emotion

Subaru – Love Campaign

Mystique – Arouse curiosity Apple “Lost iPhone” “leak”

Page 8: Understanding the buying process

7 Triggers to Capture Interest Prestige – Earn Respect

BMW – Ultimate Driving Machine

Alarm – Change Urgency Allstate – Mayhem Campaign

Rebellion – Change the Game

Only Vegas

Trust – Build Loyalty IBM – Smarter Planet

Page 9: Understanding the buying process

Making it Happen •  Know your audience (use personas to

identify the people in the buying process) – what triggers best fit their personas?

•  Create content that appeals to those key fascination triggers

•  These triggers aren’t just about messaging—they are about what your company represents to your customer

•  Build trust and add value through your product, content, and interactions