You paid the tuition, you might as well get the learning.
“I never knew an early-rising, hard-working, prudent man, careful of his earnings, and strictly honest, who complained of bad luck.” – Joseph Addison
“Years have taught me at least one thing and that is not to try to avoid an unpleasant fact, but rather to grasp it firmly and let the other person observe that I am at least treating him fairly. Then he, it has been my observation, will treat me in the same spirit.” – Benjamin Franklin
“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan “Press On” has solved and will always solve the problems of the human race.” – Calvin Coolidge
In order to enable a customer-centric enterprise, marketers often work closely with agencies. Choosing and onboarding an agency for success is often the key to success of the marketing leader and their teams ability to hit their objectives. Here are five common questions that marketers should ask when selecting agencies.
Why do we need an agency?
Michelle Reape is the Director of Marketing for AssureSign, an e-signature provider, having spent time in companies like Beazer Homes, Revenue Analytics and the consulting firm North Highland where she led marketing campaigns across industries like financial services, life sciences and healthcare. She advises companies to find an agency if they do not have in-house capabilities. “For example, if you don’t have public relations or digital experience, it’s imperative to leverage the skill sets of agencies or people who do,” Reape said.
Joe Koufman leads AgencySparks, a firm that connects brands and agencies and added “companies should consider hiring an agency, if their team is missing a capability or needs additional capacity. Capacity is when the company just does not have enough 'arms and legs' to do the marketing work. Capability is when the company is missing some expertise in a specific marketing discipline, like email, social media, mobile, etc.”
That said, some companies build in-house creative, strategy or execution teams rather than relying on agencies or freelancers. If the work load is steady and understood, it can be successful. However, Koufman is skeptical of the model where companies build in-house agencies or big consultancies absorbing marketing agencies. “Talented marketing executives go to work for agencies for a reason,” he observed. Sometimes the talent you need to grow your business or execute your campaign prefer working in the highly diverse and dynamic environment of an agency, over working for a client. Other times, brands choose a hybrid model, where strategy and specialty work are done by in-house leaders and other production tasks are done by third-parties.
How do we pick an agency?
“Usually, 50% of the reason that brands select a new marketing agency partner is capability,” Koufman offered. “The other 50% is chemistry. At the end of the day, brands want to work with agencies that they like, trust, and compatible with their teams.”
“Depending on your budget and goals, it will dictate the type of agency you will need to be successful,” Reape observed. Even the term agency can vary. Koufman explains that it can be “anything from a one-person marketing consultancy to a massive holding company. For instance, WPP is now over $20 billion in revenue and made up of a slew of different types of agencies. Global consulting firms are snapping up agencies to deliver not only strategy, but also execution.”
Do we need more than one agency partner?
“Given the companies that I’ve worked for, it is very rare that you have one agency what will do everything or has the capability to do everything.” The term “agency” itself can be pretty broad. Koufman sees these same trends. “Currently, some brands are seeking a stable of specialist agencies rather than one agency-of-record. The upside is best-of-breed capabilities. The downside is the need to manage multiple agencies.”
How do we select the right partners?
Sorting from amidst the agency options and vetting agencies and proposals is a challenging process. This is further complicated by time pressures. Reape recalled a situation where she had to move a project from one agency to another mid-stream. “I learned the power of your network is crucial when you are looking for an agency to partner with.” Asking for recommendations from other leaders or marketers is a good place to start.
Reape recommends asking some specific questions to avoid problems later. Asking, “Do you have specific references or case studies where you’ve solved a similar problem in an industry that aligns with my business?” will allow you to gauge how much you will need to familiarize them with the problem and what expertise they have to bring to bear on your particular issues. Asking, “Have you ever had a project that went off track, if so, why, and what did you learn from it?” shows how self-aware they are and how committed they are to professional growth, even if it requires admitting their wrong.
Should we go with a big agency or a boutique firm?
“I have a slight bias against massive marketing agencies because I feel clients often get the ‘B’ or ‘C’ team working on their business,” Koufman observed. “The smallest client for an agency receives less attention - alternatively, the largest client for an agency is the top priority.” Reape agreed. “I like for my agencies to always consider me to be one of their largest clients. It’s all about the client experience. If an agency makes you feel like you’re the most important client, they are responsive, and do excellent work, and are good to work with, you will continue to throw that agency business,” she said. That said, the experiences can be as unique as the companies and personalities involved, so testing the relationship for chemistry and commitment is a good start.
This article was originally published on Forbes.com.
“The greatest challenge in life is discovering who you are. The second greatest is being happy with what you find.” – Unknown
“When it is obvious that the goals can not be reached, don’t adjust the goals, adjust the action steps.” – Confucius
Building a customer-centric enterprise relies on employees building relationships, acting on insights and growing alongside the needs of customers. Underlying this is an assumption that marketing teams have the personnel they need and that they are up to the task. In today’s competitive job market, companies are changing their approach in order to stay competitive, not only in the eyes of their customers, but in the fight for talent.
Annelle Barnett runs a marketing recruiting firm, a job board, and produces and hosts the popular, Marketing Mob podcast and webinar series. I joined her for a talk in February 2018 and we had a chance to chat recently about the new trends she sees in staffing.
“In the past, it was often advised to 'hire slow, fire fast' with the idea that you would spend a good bit of time doing your due diligence to ensure you’re setting yourself up with the best chance for success when selecting an employee,” she recounted. Managers are taught that it is best to take the required time to hire the best candidate with the most relevant experience and the best cultural fit. However, things are changing. “Whereas it used to take days, weeks and sometimes even months to make a hire, that is no longer the case today. Especially with high demand positions, like digital marketing and agency account positions.” Time is not a luxury that most employers enjoy today.
“Due to the competitive landscape, candidates are hired in a matter of days and even hours,” she continued. “Things can also change at their current employers. I’ve had situations where a candidate was promoted while in the interview process and they took themselves off the market.” It is a highly dynamic space and “if you’re too slow to react to finding a great candidate, you will miss out and lose your amazing candidate to someone else, perhaps to your competitor.” Nimbleness is winning the game in talent acquisition.
Filing open roles also has practical implications on productivity. If an open position is filled in January, they have 11-12 months to contribute to the goals for the year. If that same position stays open until July, the employee is only going to be half as productive that first year. Hiring fast, Barnett continues, “allows the employer to move forward, expediting productive contribution.”
If you find yourself in a battle for great talent, what can you do to speed up your hiring processes?
First, audit and measure to provide a baseline. “If it takes more than 1 month to move a single candidate through the interview process, they should consider reexamining their hiring strategy,” Barnett advised.
Second, build your process for speed. “Calendar availability of hiring managers is the number one factor that slows down an interview process,” Barnett observed. “If a company or hiring manager is ready to hire, it should be one of their top priorities.” Blocking time for interviews, being ready to reschedule, or even being available after hours or before the workday (when passive candidates who are currently employed might have more flexibility) can all expedite the process. “Have offer letters ready in advance and get them out quickly,” she continued.
“Candidates get excited about positions. The longer the offer letter takes, the more anxious they get and that excitement starts to wear off. It’s like when you’re having lunch at a restaurant and the service has been fantastic through the entire meal but then the check takes 20 minutes. The guest often forgets everything that happened before the delayed check and they will reflect that in the tip. It’s just as important to finish strong in the hiring process. The candidates are paying attention.
And finally, “I’d say the most important thing to remember is flexibility and letting go of the way things used to be,” she concluded. “There may need to be more trusting of your gut and intuition than checking every box.” Employers would do well to remember that “great candidates get scooped up quickly by companies with more nimble processes.”
This approach to hiring has implications on the organization that extend beyond hiring decision speed.
The first obvious downside to a “hire fast” strategy might mean more turn-over. “By hiring more quickly, the chances of making the wrong hire are greater,” Barnett observes. Not every hire will be a good fit. They might not actually have the skills for the job or perhaps they bring with them toxicity that could spread to the rest of the team. “A disgruntled employee has the potential for disrupting the entire company or team culture,” Barnett adds.
The impact of a bad hire can be substantial, so a “fire fast” mentality has to be adopted. “Firing fast means that an employer would let go of an employee as soon as it’s recognized that the individual is not the right fit for the role,” she explains.
This might require the organization to be prepared to spend more in severance, outplacement services, or working with employees to place or coach them into new roles within the organization. In high-impact or customer facing the roles, the risks of “fire fast” can be dramatic as you don’t want customers to lose confidence in the brand. Barnett says that in some cases it is useful to have “a training period for a month or so before the employee becomes client facing to ensure the right hire was made” before key customer relationships are fully transitioned to new hires.
Care must be taken to not fire too fast, however. “By firing too quickly, you may miss out on a great employee because you didn’t take the time to coach them or move them to another position in the company that is a better fit for the individual,” Barnett said. If the employee is a good cultural fit and has the right attitude, often a better role can be found to put their strengths to use. “There may also be some repercussions online with employer reputation” with this strategy, Barnett warns. “If employees are fired often, the employer brand may take a hit from bad reviews on sites like Glassdoor.” Managers should always work with their human resources and legal teams to ensure compliance with applicable laws and practices, which vary dramatically by state or country.
In order to attract talent and maximize productivity, many companies are changing their hiring practices to a “hire fast, fire fast” strategy. This approach might not always be a fit for every company, but in highly competitive roles and dynamic markets, employers may find they no longer have a choice.
This article was originally published on Forbes.com.
Whidbey Telecom is a 110-year old independent telecommunications company based in Langley, WA on Whidbey Island, which lies 30 miles north of Seattle between the Olympic Peninsula and the I-5 corridor of western Washington and forms the northern boundary of the Puget Sound. With 100 employees, the companies provides internet, security, video entertainment and phone services to over 10,000 businesses and residential customers, most who live in rural locations. The company’s success provides insights for niche market segmentation for other industries, brands and leaders looking to build deep and lasting relationships with their customers.
Chris McKnight has served as the chief marketing officer for Whidbey Telecom for several years, coming from a background in sales and marketing leadership for technology, advertising, finance and experience marketing agencies in Seattle, Los Angeles and New York. He knows about innovation and the telecom industry relies upon it. But in the niche segments, innovation must be relevant. “The company’s history and culture is a rich tradition of innovation and entrepreneurship,” McKnight recounts. “In 1908, we pioneered Whidbey Island’s first telephone service. In the 1960’s we were the first to put our lines underground to improve service quality – we get many wind storms – and in 2004, we were the first independent telecommunications company west of the Rocky Mountains to provide Internet service.”
However, innovation for its own sake doesn’t ensure customer satisfaction. Here McKnight relies on research. “Market segmentation and personas are incredibly important to our customer-centric approach,” he said. “We start at a high level with published lifestyle segmentation data that match our households and then it becomes more proprietary as we supplement the data set with information from focus groups, surveys, and user data.”
This affects how he thinks about his role at the company. “My mission as CMO is to know the market better than anyone else in the company and to be the voice of our customers. I'm only able to do that by having frequent and ongoing interactions with our customers in the field and taking on sales opportunities,” he said referencing his background in business development roles. “Account relationships can provide enormous insight and data into what customers need and want in support of the overall marketing strategy.”
Based on their unique knowledge of their customer, their approach to service is a departure from the mainstream. "Since 80% of the residents are over the age of 60 and fall into the late-adopter category, we play an extraordinary role in educating and helping our customers adopt and adapt to today’s rapidly changing technology environment,” he continued.
“We maintain a 24x7 tech support team, and we extend our support to topics that other companies do not like how to use your email, how to download an app on your iPhone, or how to connect your computer to WiFi,” he explained. “We also staff a team of 10 customer service representatives in our Customer Experience center, so customers can come in and talk to us about their services, pay their bills, and get advice on new technology for their homes.” There are niches within niches as well, within the elderly population. Those that are 70+ often have a child or caretaker that works with them on their Whidbey Telecom account. “We are often conferencing in a child that lives somewhere else in the world, with one of our customers, to make sure they are getting what they need.”
The service stories at Whidbey Telecom take on mythic proportion. “Once the installation team pulled over to help a car that looked like it had broken down on the side of the road, only to find out the person was having a heart attack and managed to save their life by driving them directly to the ER,” McKnight said. “Once the CEO, George Henny, was swimming at the gym when he overheard someone say the internet was down. Jumping out of the pool, he called tech support wrapped in a towel to get the issue resolved right away.” In the island community, these stories travel fast and help build the brand. “We are proud to provide free WiFi and high-speed fiber optic internet to the community center in Pt. Roberts, were 22 different community groups use the building and community with the rest of the world,” McKnight said.
To their customers, service is personal. To Whidbey Telecom, it’s good business. “Not everyone wants to be scaled and automated into a non-human customer experience. This is where premium products and services live, and they are a very profitable place to be and a really enjoyable place to build a career.”
McKnight says his customers have enriched his life in many ways. “On the surface, many are laid back retirees, but when you get to know them, you find out they've run major global corporations, fought legendary battles, and invented the things we now take for granted today,” he said. “I don't think we're doing a good enough job as a society of sharing their stories and passing on the knowledge they've spent their whole lives acquiring and I think it could make our lives a lot easier if we did.”
To date, three customers have baked McKnight cookies in his tenure at the company proving sweetly that small is big enough
This article was originally published on Forbes.com.
Teresa Caro, the senior vice president of marketing at Atlanticus, a financial services company marketing under the Fortiva family of brands, has spent her career helping brands connect with their customers, often in new ways. She worked for social media agencies in the early days of those platforms and helped brands like Chick-Fil-A, UPS, Wells Fargo, and Coca-Cola with their marketing strategies. We had a chance to talk recently about the need to unpack assumptions and her insights provide guidance to marketers and business leaders seeking to align marketing and sales and to put the customer in the center of their business.
Assumptions Can Hide Misalignment and Breakthroughs
“My biggest learning throughout my career is to never assume,” said Caro. Even fundamental things like the company’s financial goals might not be obvious. “Every company seeks to be profitable, yet, depending on the company goal, profitability may not need to happen until a later date.” She recommends digging deeper into the business goals to understand how marketing affects future results. “Will the company be sold in five years and so scale is the priority and profitability is less important (at least right now)? Is the company a public company and so profitable growth are the priorities? Are we operating in a highly commoditized space so more focus needs to placed on brand awareness, perception or differentiation?” The answers to these questions lead to very different plans. “I have even worked with brand manager clients who want to be perceived as more ‘innovative’ compared to their other brand managers, so we did less around the ‘tried and true’ and pushed more into sparkly objects,” Caro recalls from her agency days. In any case, understanding the underlying motivations can lead to real breakthroughs and uncover areas of misalignment. “Once that long term goal has been identified and translated into short term plans, next it is important to layer in the target audience.” Caro said it is important to consider all the stakeholders, “not just customer or consumer target audiences, but also internal, external, investor, board-type audiences.” Consider how your business plans, product positioning, or even messaging will resonate with all the stakeholders.
Measurement Requires Management
“Regardless of industry, the biggest assumptions are typically around measurement,” Caro observed. “What needs to be measured, is it being measured, is it being measured the right way, is it being reported on correctly, is it being analyzed appropriately, and is it being tested and optimized” are the questions that she advised asking. “Furthermore, do the right people have access to this data and do they understand how they can make an impact on these numbers.” If data isn’t understood or actionable, it isn’t useful. “In other words, people who are really good at creating reports, may not be good at analyzing them. People who are good at analyzing them, may not have the domain knowledge needed to make recommendations to different departments,” she said. “The most fascinating discovery I have made is the number of marketing organizations that don’t have an analytics person on their team or that they have to share them with finance and accounting,” she noted. This is likely to change in the coming years with a growing emphasis on data and analytics, but it is a gap in many small and mid-size marketing groups today and impacts the ability to make smart, data-driven decisions.
How organizations make decisions and use data to drive marketing plans can vary widely. “Many brands assume TV commercials always work, largely because it is the tradition in the company to always include TV commercials in their brand plans,” she said. “Content marketing has become another ‘you-just-have-to-do-it’ tactic in marketing plans.” Whether or not it is the right choice for the business, product, or sales approach. “For the record, there are ways to prove TV commercials work, as well as content marketing,” Caro summarized. “It goes back to the assumptions around measuring the right way, with the right tools.” And making sure those measurements tie back to the business strategy overall.
She warned against acting on data without first validating. For instance, Caro warned that a company shouldn’t use lookalike modeling, in which new prospects are pursued that match attributes from current customers, without validating that those current customers are the most valuable or profitable. They risk filling the pipeline with prospects that will not drive the business goals. Similarly, “rolling out social media and other forms of communication without validating other departments, such as customer service, can support the ramifications” is a recipe for brand damage. Metrics are exceptional tools, but they are only tools to be used by management to make smart decisions, even if that means rethinking traditional approaches or revisiting what has worked in the past. “Debunking of assumptions requires a business case and a leadership team willing to take a risk,” she added.
Brands Are Themselves Assumptions
It has been said that your brand is what your customers think and say about you without your involvement. In a sense, they are themselves a set of assumptions. Assumptions about how the product might perform, how the price compares to the competition, where the product can be purchased, and what the customer experience will entail. “When someone asks me to ‘brand position’ a company, I have found a lot of work goes into helping them understand all that goes into a brand,” recalled Caro. This includes not only “advertising, but PR to customer experience and everything in between.” It extends beyond marketing functions to sales. It extends beyond customer-facing roles to those who support the experience in factories, development teams, or billing departments. Good marketers “help their executive leadership or clients understand that what he or she decides to do as it relates to brand, impacts all aspects of the organization,” Caro said. “And, with a limited budget, not everything can be done.” Before your customers can make the right assumptions about you as a brand and a company, the organization has an opportunity to decide “what they want to be known for and how they want to reinforce this message.” And to give that priority across their entire business strategy.
This article was originally posted on Forbes.com.