cross media top 10

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April 2013 | Cross Media Top 10 Best Practices from over 300 firms April 2013 1 Research by InfoTrends 2012 Download Now --- to see full --- Speaker Notes

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Diversify, Diversify, Diversify! Like any good financial advisor will tell you, diversification helps to create stability and mitigate risk. Printers have been hearing similar messages from industry leaders at numerous conferences over the past few years: “Don’t just be a printer,” they say. Given the constant shifting marketplace, expanding beyond just print is both a sound business strategy and necessity. Offering cross media services is a natural fit because it leverages a printer’s core competency of customized manufacturing. But where do you begin? Our friends at InfoTrends surveyed and Interviewed over 300 printing firms to gather some real life tips and tricks, and we’re happy to share the top 10 best practices they uncovered. The report, published February 2012, was authored by Senior Consultant Lisa Cross. Brought to you by Mohawk MakeReady, this presentation can be used by your business for internal training or customer initiatives. (Even plop in your own logo and co-brand it, if you want!)

TRANSCRIPT

Page 1: Cross Media Top 10

April 2013 | Cross Media Top 10

Best Practices from over 300 firms

April 2013

1

Research by InfoTrends 2012

Download Now

--- to see full ---

Speaker Notes

Page 2: Cross Media Top 10

April 2013 | Cross Media Top 10 2

Cross MediaThe act of distributing targeted marketing messaging across multiple channels.

Print

E-mail

Mobile

Web

Social Media

Tablet

TVRadio

Marketing Message

{

Page 3: Cross Media Top 10

April 2013 | Cross Media Top 10

1. Leadership Focus

Success in offering cross-media

marketing services requires

leadership with a focus on marketing

and new business development.

3

Page 4: Cross Media Top 10

April 2013 | Cross Media Top 10

2. RepositionEvolve into more than a traditional printer.

4

Page 5: Cross Media Top 10

April 2013 | Cross Media Top 10 5

3. Identify & Solve a Problem

Start by identifying a unique business

problem in a particular market and

then solve it.

Page 6: Cross Media Top 10

April 2013 | Cross Media Top 10

Now that you’ve identified a solution

to a problem, focus on it. Re-frame

the conversation to focus on the

actual solution and potential results,

instead of leading the discussion with

print components. We’ve listed some

example goals on the right:

4. Talk Tactics, Strategies and Goals

• Driving in-store traffic and

revenue per store

• Re-igniting relationships with

orphan customers

• Increasing eCommerce

capabilities

• Increasing ROI

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Page 7: Cross Media Top 10

April 2013 | Cross Media Top 10

“Customers need to know what you’re doing. When

you’re selling print, it’s an easy process because you

just send [physical] samples…”

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As one Senior VP of Business Development said,

Page 8: Cross Media Top 10

April 2013 | Cross Media Top 10

“… but with cross media, you need a history

showing what you can do. We’ve found self promo and case studies help to

establish credibility.”8

As one Senior VP of Business Development said,

Page 9: Cross Media Top 10

April 2013 | Cross Media Top 10 9

6. Educate your staff

“Self-education is a critical stage in

the evolution,” notes one firm’s

President. If you take the time to

become an expert in the various

channels and the sales process, you

can simplify the process for your

customer.

Page 10: Cross Media Top 10

April 2013 | Cross Media Top 10

7. Educate CustomersShare knowledge, spur project ideas

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April 2013 | Cross Media Top 10 11

8. Team selling seals the deal

Firms reported achieving the most

success when they implemented a

team selling approach that includes

its various project experts (ie.

marketing, data, IT, design, sales),

instead of putting sole responsibility

on the sales person.

Page 12: Cross Media Top 10

April 2013 | Cross Media Top 10

9. Use value-based pricing

Don’t give away these new services

to win new print business. Establish

pricing based on value to the client,

not typical price per unit.

Read about some pricing strategies

in our presentation entitled:

The Pricing Puzzle.

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Page 13: Cross Media Top 10

April 2013 | Cross Media Top 10 13

Be patientSuccess is a process that takes some time

Page 14: Cross Media Top 10

April 2013 | Cross Media Top 10

Top 10 Best Practices

• Have a leadership focus

• Reposition, retool your value prop

• Identify and solve a chronic business problem

• Focus on tactics, strategies, and goals

• Self promote to establish credibility

• Educate your staff

• Educate your customers, prospects

• Take a team selling approach

• Use value-based pricing

• Success doesn’t happen overnight, be patient

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Research by InfoTrends 2012

Page 15: Cross Media Top 10

April 2013 | Cross Media Top 10

Mohawk MakeReady provides practical tools

and actionable information for digital

printers like you.

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We can help…

Visit: www.MohawkMakeReady.com to browse content, request a meeting, or join the community.