Tag Archives: white papers

Content Marketing: Are You Using This Key Tactic to Win the Startup Arms Race?

Classical Library

Effective content marketing is like building the world’s greatest library of resources in your field of expertise. Your audience (and customers) should find the materials there not only informative but entertaining and compelling.

By:  Andrew Johnson, Ph.D.

The sooner you connect with your customers the better.  Most consider this to be when you have your first sales with them.  However, content marketing gives you the opportunity to connect with them in a meaningful way long before your product launch. You start the connections that will build the awareness and trust that leads to strong product sales in the future with this tactic.  These early relationships will provide you with insights not only on how to communicate with them but also help you to establish what offerings will delight them.

Effective Content Marketing can help startups win against larger established competitors Content marketing is an especially important effort for any startup company.  When you introduce game-changing products into the marketplace, you will be introducing something that is, by its very nature of being innovative, unfamiliar. Your content marketing efforts will be one of the best ways to transform this ‘unfamiliarity’ into the trust and confidence that wins new customers.  Large established companies with powerful brand names like Apple, Thermo Fisher or Coke have the ability to launch new and unfamiliar products by using the trust that they have established with customers by virtue of having a strong brand.  However, even these large companies rely on content marketing to accelerate the successful launch of their innovations (e.g.  Google Glass, https://plus.google.com/+projectglass/posts )  When effectively deployed content marketing, , will build the kind of trust with your future customers that will significantly shorten sales cycle times, reduce the cost of sales and augment the impact that your marketing  efforts have for generating new leads, closed sales and boosting revenue.

Why is Content Marketing missing from many startup companies’ business plans?
Content marketing is not often included in the tactics that many startups use because its true value and purpose are not well understood.  Part of the problem comes from the name itself. Content Marketing is not really marketing at all but telling a story or providing some valuable information without reference to the company’s offerings.  A content marketing piece is more like the article you read in a magazine or newspaper than the ads in the same paper.  As such, the ROI between the investment in time and effort of launching and maintaining an effective content marketing campaign are a significant challenge to quantify with traditional marketing metrics.  The full benefit of an effective content marketing campaign can take time to be realized so this can seem to be a luxury to be cut when cash flow is tight (especially in the early days).

Want to learn more about why you should give Content Marketing a second look?  Get additional insights and tips from this podcast on the topic with the author on the No Boundaries Radio Hour Podcast hosted and produced by Scott Graves Content Marketing Podcast

Building an effective Content Marketing effort that won’t break the bank
As mentioned earlier in this post, the full value of an effective content marketing campaign takes time to be fully realized.  As such the earlier you get started the better.  The following tips will help you to do this in an efficient way that that will build the trust that future customer’s value when they decide who to do business with.

  • Know your audience:  Your audience is your target market segment.  Be sure to read the articles, blog posts, news pieces and other content that your customers are reading on a regular basis.  This will not only provide you with a wealth of ideas for topics that you will cover but also allow you to further  your understanding of what  issues are critical to your customers and hence how you might position your traditional marketing efforts as well (an early ROI from this).
  • Create interesting content, not ads:  Remember that you want to connect with your customers as a subject matter expert.   Remember that you are creating content that is interesting and that your future customers want to consume.  (When creating new content, you should be asking yourself why would someone want to read (listen, watch) this?  Rarely do we choose to watch or read an ad.
  • Create what you know:  You need to tell compelling true stories.  Be authentic and write about what you know.  Create content that discusses the issue or problem that your product will fix (resist the temptation to promote your product here, that makes it an ad).  Each piece you create should be inherently valuable to your target audience by itself.
  • Regular delivery is important:  It takes some time for your audience to discover your content.  Once they have discovered and like it, they may share it with others.  It is important to have a regular delivery of the content that you create.  Whether this is once a month (e.g. newsletter or blog post) once a week or daily is up to you.  Consistent delivery is more important than quantity, especially at the beginning.  Pick a regularity that you can keep up with (perhaps start with a monthly, you can always increase the frequency later).
  • Content quality first, delivery media second:  Create something that will delight your audience first, and then select the way that you will deliver it to your audience. Boring and irrelevant content delivered by a flashy YouTube video, podcast, blog or newsletter is still boring content.  (Don’t forget traditional publications, many trade publications are hungry for interesting articles.  Some print publications may also promote and/or publish an online version as well which can provide an even greater level of exposure).
  • Don’t go it alone:  The effort required to do this effectively is not trivial.  There are many resources that you can turn to lighten your burden.
    • Ask Key Opinion Leaders, influential customers and other authorities to consider writing a guest blog post or newsletter piece for you.
    • Hire a firm to help you create the content.  There are many excellent content creation firms that will take your ideas and create publication-ready copy for your blog, newsletter, white paper etc.
    • Don’t’ like to write?  Consider doing a podcast.  You can do this yourself but consider using a professional that knows how to create compelling content for this medium.
    • Embedded video clips.  Convert one of your written pieces into a compelling 2 minute video.  Resist the temptation to show your product in action.  (Think TED Talks rather than Ad copy).
    • Produce slideshows and webinars.  You have worked hard to create talks that showcase your science to academic and technical audiences.  Why not capture these ‘talks’ using software like Camtasia and share them on your website?  Hosting a webinar can also increase the impact of your presentations by allowing you to reach larger audiences that are geographically distributed while also providing the opportunity to interact with them live.  The other advantage of this is that you can easily record the session and share it.

Additional Resources:

Picture Credit: Curious Expeditions via photopin cc

Where Does the Science Belong in the Life Science Startup?

Old microscope

Give your customers a chance to ask you about your science.

By: Andrew Johnson, Ph.D.

One of the best things you can do for your new Life Science Company is to engage with potential customers through your innovative new technology.  However, there is a time and place for this.  The following simple Do’s and Don’ts will help you to get right what most companies (even some of the big ones) get wrong.

Although science is at the heart of your company, it is the products that you have created that are based on this science that are most meaningful to your customers.  Think of it this way, you likely selected your cell phone or car based on what these things can do for you and how they impact your life.  This is the same thing that happens when a Life Scientist is looking to purchase new products that will help their research program.

This means that it is vitally important to clearly communicate how your product (not your science) will impact a customer.  Once a potential customer is intrigued by your product, some of them (not all) will further be interested in your science and/or technology (often to validate the claims you made earlier).

Do:

Blog:
Start a blog (linked or part of your website) where you discuss your science.  Don’t make this an ad but share applications and ask happy customers to guest blog for you to connect with others in your field.  In time, this can help you and your company become considered subject matter experts which will ultimately drive new prospects to contact you.

Write White Papers
Pick key applications using your product and share them as white papers.  These should be accessible from your website.  Consider posting downloadable versions in a PDF format for convenience.

Produce YouTube video:
Creating quick 2 – 3 minute how-to videos and/or application notes in video format is a good way to take advantage of this medium.  When people are searching for solutions on the web, having some videos can help improve your rankings and your chances of showing up high on the first page of the search results.

Create Tradeshow Booth Graphics:
Have compelling graphics that catch the eye and perhaps some copy that emphasizes the impact of your product (e.g. allows you to measure something new for the first time, is higher throughput than the competition, produces data with tighter CV’s etc.)  You will have plenty of time to discuss science should visitors wish.

Don’t

Explain your science or technology on your Website homepage:
This is where you clearly indicate what you are offering.  This is what you offer not who you are.  (A quick survey by the author of over 500 Life Science company websites showed that nearly 80% of them got this wrong)

Load Brochures and other Sales Collateral with lots of content about the science:
Make sure that the number one message here is how your product will positively impact your customer.  On longer format pieces like tri-fold brochures, a brief very high level summary of the technology behind the product can be appropriate but his should clearly take second place to helping prospective customers see how your product or service will affect their research program.

In Summary:

  • Put the impact of your product on your customer’s research first in your marketing communications
  • Back up your claims with the science in a succinct  way
  • Create a separate page on your website where all of the detailed description and other resource material can be easily found

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