Five Myths of Enterprise Search Marketing
May 12, 2010
The telephone and email flow has spiked. We are working to complete Google Beyond Text and people seem to be increasingly anxious (maybe desperate?) to know what can be done to sell search, content processing, indexing, and business intelligence.
Sadly there is no Betty White to generate qualified leads and close deals for most search and content processing vendors. See “From Golden Girl To It Girl: Betty White Has Become Marketing Magic.” This passage got my goose brain rolling forward:
On Saturday night, ‘SNL’ had its best ratings since 2008, with an estimated 11 million people tuning in to see Betty talk about her muffin. But more than the ratings boost was the shear hilarity of the show; for the first time in a long time, ‘SNL’ was at the center of the national conversation this Monday morning. ‘Saturday Night Live’ was good with Betty White. Really good! And that kind of chatter is something you just can’t buy.
The one thing the goose knows is that one-shot or star-centric marketing efforts are not likely to be effective. A few decades ago, I was able to promote newsletters via direct mail. The method was simple. License a list and pay a service bureau to send a four page letter, an envelope, and a subscription card. Mail 10,000 letters and get 200 subscribers at $100 a pop. If a newsletter took off like Plumb Bulletin Board Systems which we sold to Alan Meckler or MLS: Marketing Library Services which we sold to Information Today, the math was good. Just keep mailing and when the subscription list hit 1,000 or more, sell out.
Times have changed. The cost of a direct mail program in 1980 was less than a $1.00 per delivered item. Today, the costs have risen by a factor of five or more. What’s more important is that snail mail (postal delivered envelopes) is ignored. An indifferent recipient or an recipient overwhelmed with worries about money, the kids, or getting the lawn mowed has afflicted radio, television, cable, door knob hangers, fliers under windshield wipers, and almost any other form of marketing I used in 1970.
I had a long call with a search entrepreneur yesterday, and in that conversation, I jotted down five points. None is specific to her business, but the points have a more universal quality in my opinion. Let me highlight each of these “myths”. A “myth” of course is a story accepted as having elements of truth.
First, send news releases with lots of words that assert “best,” “fastest”, “easiest”, or similar superlatives produces sales. I am not sure I have to explain this. The language of the news release has to enhance credibility. If something is the “fastest” or “easiest”, just telling me one time will not convince me. I don’t think it convinces anyone. The problem is the notion of a single news release. Another problem is the idea that baloney sells or produces high value sales leads. Another problem is that news releases disappear into the digital maw and get spit out in RSS feeds. Without substance, I ignore them. PR firms are definitely increasing their reliance on news releases which are silly. So the myth that cooking up a news release makes a sale is false. A news release will get into the RSS stream, but will that sell? Probably a long shot?
Second, Webinars. I don’t know about you but scheduled Webinars take time. For me to participate in one of these, I need to know that the program is substantive and that I won’t hear people stumble through impenetrable PowerPoint slides. I have done some Webinars for big name outfits, but now I am shifting to a different type of rich media. Some companies charge $10,000 or more to set up a Webinar and deliver an audience. The problem is that some of the audiences for these fees are either not prospects or small. A Webinar, like a news release, is a one shot deal and one shot deals are less and less effective. The myth is that a Webinar is a way to make sales now. Maybe, maybe not.
Third, trade show exhibits. Trade show attendance is down. People want to go to conferences but with the economic climate swinging wildly from day to day, funds to go to conferences are constrained. Conferences have to address a specific problem. Not surprisingly events that are fuzzy are less likely to produce leads. I attended a user conference last week and the exhibitors were quite happy. In fact, one vendor sent me an email saying, “I am buried in follow ups.” The myth that all trade shows yield says is wrong. Some trade shows do; others don’t. Pick wrong and several thousand dollars can fly away in a heartbeat. For big shows, multiply that number by 10.
Fourth, Web sites sell. I don’t know about you, but Web sites are less and less effective as a selling tool. Most Web sites are brochureware unless there is some element of interactivity or stickiness. In the search world, most of the Web sites are not too helpful. Who reads Web pages? I don’t. Who reads white papers? I don’t. Who reads the baloney in the news releases or the broad descriptions of the company’s technology? I don’t. Most effective Web sites are those showcased by the marketing and designers. These are necessary evils, and my hunch is that Web sites will be losing effectiveness like snail mail, just more quickly. The myth is that Web sites pump money to the bottom-line. Hog wash. Web sites are today’s collateral in most cases. A Web site is a necessary evil.
Fifth, social media. I know that big companies have executives who are in charge of social media. Google lacks this type of manager, but apparently the company is going to hire a “social wrangler” or “social trail boss.” Social media, like any other messaging method, requires work. I know for certain that a one shot social media push may be somewhat more economical and possibly more effective than a news release or two. Social media is real and hard work. The myth that it is a slam dunk is wrong.
So with these myths, what works?
I have to be candid. In the search and content processing markets, technology is not going to close deals. The companies whom I hear are making sells are companies able to solve problems. In a conflicted market with great uncertainty, the marketing methods have to be assembled into a meaningful, consistent series of tactics. But tactics are not enough. The basics of defining a problem, targeting specific prospects, and creating awareness are the keys to success.
I wish I could identify some short cuts. I think consistency and professionalism have to be incorporated into on going activities. One shot, one kill may have worked for Buffalo Bill. I am not so sure the idea transfers to closing search deals.
Stephen E Arnold, May 12, 2010
A freebie.
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