The most precious and limited resource that life science marketers and salespeople must fight for is undoubtedly money. Everyone is trying to get a piece of those often set-in-stone lab budgets. However, before that battle is an equally important one; one involving a resource that is almost as scarce and becoming scarcer. That battle is for the attention of your audience.
Attention is a resource that is inherently limited. Each person only has so many hours in the day. As more companies (and other distractions) vie for their attention, it behaves like any limited resource under increasing demand – the cost goes up.
Most marketing campaigns ignore this fact. They’re built under the assumption that the audience will care about what you have to say, but that’s a very poor assumption to make in most circumstances. Perhaps in a world of unlimited time and attention that would be the case, but will the audience care more about what you have to say than all the other things that are vying for their attention at that point in time? Put in that perspective, the answer is often a clear “no.”
So what can we do to obtain and keep scientists’ attention such that our messages even have a chance of getting through? How do we ensure that we have enough attention to effectively educate and persuade them that our viewpoints are correct and they should purchase from us? In addition to creating the standard campaign elements, you need to build in a mechanism to ensure you’re doing the following…
Step 1: Captivate
Interruptions can be easily ignored. We’re all trained to do it. Think about it… How many banner advertisements do you see in a day? How many email promotions? How many TV commercials or magazine ads or billboards? Now how many do you actually pay attention to? How many can you remember?
The lesson here is that interruptions are very ineffective. However, unless you’ve already built a large audience or community, you’re pretty much limited to interruption tactics. Those tactics will get the audience’s attention infrequently, so you have to make it matter. The first thing you need to do when you get that scarce bit of attention is ensure you’ll get it for more than a fleeting moment. You need to captivate your audience.
The worst thing that you can do – which most marketers do anyway – is start by expressing a “what” statement. In general, your audience does not care about what you are or what you’re selling (yet). You need to lead off with a statement of belief – a “why” statement – that will be both emotionally compelling to the audience and subject to agreement by them.
Step 2: Hold
That first interaction won’t last forever, so you need to ensure that you’ll be able to reclaim their attention when you next need it. That first interaction must create recognition of need. The need doesn’t have to be for your product or service, but rather for the information to follow. They need to understand that there is more to learn and future information will benefit them.
The most common way for a campaign to execute this is with an email signup followed by drip marketing. This runs into the problem of requiring their attention at a specific point in time. Once an email gets put aside for later, it becomes far less likely to be read. Support your continued communications with other means of reminding the audience, such as automatically triggered reminder emails or display remarketing ads.
(Quick side note: people are more likely to respond to loss than to gain. If you’re having trouble crafting messages that keep the audience’s attention, play off this loss aversion. Tell the audience what they are currently or losing rather than what they might gain.)
Step 3: Build
There will always be people who would likely buy from you at some point in time, but cannot or will not buy now. You want to be able to retain their attention to make purchase at a later date more likely. Even for those that do buy, you want to ensure you utilize your command of their current attention to make it easier to regain their attention later.
As interruption marketing becomes less effective, you need to ensure you have a pool of people who have given you permission to get their attention. This can be done by creating valuable resources for your market which are likely to be repeatedly referenced and revisited. It can be done through community-building efforts. It can be done through regular distribution of high-quality content. Whatever you’re doing, it needs to be something that makes your audience want to come back for more. Ideally, your continuous re-engagement efforts should also be on a channel that you control to ensure that you won’t have any trouble getting promotional messages across when you need to and you can exert control over the channel to ensure it remains of high value for the audience.
You can’t convey a message unless you have your audience’s attention. The next time you’re creating a campaign, be sure that you build in a capacity to captivate the audience and retain their attention.
A common strategic issue involves trying to be all things to all people. In general, it doesn’t work. You need some degree of specialization in order to effectively create comparative value to your audience. Even if you have a very broad product or service offering, you need to be able to segment your audiences in order to effectively differentiate and avoid commoditization. You need to cut your market into segments.
The same is true for your content (which, after all, behaves like a product). Put simply: if your content is for everybody, it’s for nobody.
Is My Content Insufficiently Segmented?
Broad, unsegmented content has many weaknesses. It tends to be repeat already familiar themes. It is easily replaced. It is undifferentiated. It is low-value. Because of these problems, it simply won’t perform.
How can you tell if poor performance is due to poor segmentation or some other problem? Here are some key warning signs:
- You have multiple distinct audiences or markets, but you send all your content to all of them.
- You have a link on your website that says “blog” or “news” and most of your content is hosted there, regardless of topic.
- When creating content, you rarely think about who will be consuming it
- Most of the information within the content that you’re publishing can be readily found elsewhere
- Your content could be described as superficial or lacking depth
- Your audience wouldn’t care or notice if your content didn’t exist.
Any of the first three are very clear signs of poor content segmentation. The last three can also indicate segmentation problems, but could signal other content-related problems as well.
How to Properly Segment Content
Step 1: Determine your target markets, if you haven’t already done so. If you have a positioning statement, great! If not, you at least need to define and document your target customer and statement of need. Note that unless your company is laser-focused, these will likely change for each product line or service offering that you have, and you’ll want to have different content for each.
Step 2: Create audience / customer personas. If you’ve already done this for your product offerings, then you can use those as a solid starting point. They should include demographic information as well as behavioral information. Demographic information includes industry, job title, function, location, etc. Behavioral information may include what their goals and needs are, what their expectations may be, what concerns or problems might they have, what role they play in the purchasing process, how influential they are, etc.
Step 3: Determine what the purpose of your content is and, relatedly, what stage of the buying journey your content is targeting. Are you trying to stoke interest among people with a nascent need? Are you trying to persuade people who are actively considering options? These determinations will inform you what kind of content (educational, persuasive, etc.) that you should create. Dont try to do everything at once! Just as you shouldn’t try to speak to all of your audiences at once, you also shouldn’t try to say everything to a particular audience in a single piece of content or expect them to go from naive to purchasing in one shot.
Step 4: Determine what benefit you are offering the reader that holds special value for the audience you’ve just defined. This is key! It’s entirely possible to define a very specific audience but then go on to create non-specific, poorly targeted content. If you fail to create well-targeted and value-creating content, your efforts in directing it at a well-defined audience will be wasted.
Most life science companies need to speak to multiple audiences. That’s completely normal. It can become a problem, however, if you try to speak to them all at once. If your content isn’t properly segmented, it becomes watered down and less effective at influencing the audiences and affecting their behavior. By properly segmenting your content to specific audiences and needs, you’ll be a much more effective influencer.
All of us life science marketers know that we need to differentiate our products and services. Nothing new there. It’s critical to demonstrate a unique value and avoid commoditization. But how often do you think about how well differentiated your content is? My experience has shown me that for most of you the answer will be: never.
Marketers often think of their content as something which is a carrot for the customer; something that is of benefit to them and for their own good. You’re providing them with knowledge so they should just eat it up and be grateful for it. Unfortunately that viewpoint is completely misaligned with reality.
Your Content is a Product
Your audiences are customers of your content. They are paying for your content with their time and, if you require them to fill out a form, paying for it with their contact information as well. All the same rules apply to your content as apply to your products. Your content has to be worth the “price”. You need to effectively “sell” it.
Your content also needs to be differentiated. Without differentiation, your content will be just one in a never-ending stream of content pieces being continuously created. And unlike with products, your content can’t compete on price. Your content either provides unique value or it won’t be consumed by your audience. Even worse, they might consume then resent you for wasting their time.
Ways to Differentiate Content
The best and most obvious way to differentiate your content is to say something different from what everyone else is saying. Take a stance on a topic and deliver content that has particular value for your target market segment. Demonstrate your existing position(s) through content. Not only will you be reinforcing your positioning, but so long as your position is unique your content will be inherently unique as well. Content which is differentiated in this manner will help drive your target market segment towards you while driving away the off-target audiences which would eat up time and resources but ultimately not become customers.
Some other ways to differentiate content include:
- Find an area where you have knowledge that can’t readily be found elsewhere and share it. This can also help reinforce your positioning.
- Forego traditional content and instead develop resources that help solve customer problems. There’s huge brand and customer experience advantages to be claimed in doing so.
- Create content in different formats. If your competition are flooding the space with white papers, do a video or a webinar. Different people have different preferences for content.
- Drill down or add a twist. If something has already been said, get even more specific or put a spin on it in order to tailor it to a particular market segment.
Never forget that your content is a product, and like any product it risks commoditization if it is not differentiated. By differentiating your content, not only will you increase its effective audience and create more engagement with it, but you can reinforce your positioning and branding as well. Differentiated content is better for both you and your audience.
If the forecast calls for rain, followed by ever-increasing amounts of rain thereafter, what is the end result? Assuming the forecasts are correct, you would have one heck of a flood.
That’s what the state of content marketing currently is. It’s a constantly-increasing deluge. We’re flooding our audiences with it, and they don’t have the attention spans to pay attention to even a small fraction anymore. As a result, content is becoming less effective, and marketers need ways to ensure their content stands out and successfully captures that scarce customer resource: attention.
Oddly enough, one of the most valuable ways to do so is to use a rapidly-forgotten tool.
Put Your Content in Print
Which of the following are you more likely to read: A) An email newsletter with links to a bunch of different articles, or B) A magazine that you’ve subscribed to which contains those same articles? Which of those is easier to ignore? Which is easier to unsubscribe to?
The fact of the matter is that if you put something in print it is more likely to get attention. There are other benefits as well. Long-form printed materials (for example magazines or books) convey more authority than do digital content. They also have more perceived value. This means that customers will give more up to obtain it, and you can use that to collect more information from them. At minimum, they expect to have to give up their address since the content will be physically mailed to them.
Some tips for life science marketers considering printed content:
- Not all content is suitable for print. You need to ensure that the bulk of the content is of high value to the audience, or else your mailing will simply end up in the trash. Product- or service-specific content should be avoided as it will come off as pitchy.
- If you want to use your printed content to more directly generate demand, place “advertisements” for your products and services within your printed materials.
- To convey authority, try to adopt a magazine-style format. This requires a significant amount of content. If necessary, publish less often to ensure both the perceived and actual value is high
- Get creative. Simply reprinting your blog posts is boring. Do something different. If the creative juices aren’t flowing, you can always do an interview or highlight some recent industry news just to mix things up.
There have been a lot of people who have given the advice: “look at what everyone else is doing, then do the exact opposite.” While that’s not exactly a principle to live by, it can help find opportunities. Content is overwhelming the digital realm, but if anything it is retreating from print. As print becomes less and less common, it may become easier and easier to use that medium to get your audience’s attention.
I want to take you on a trip into the future of life science marketing, not because I’m some kind of prophet (I didn’t come up with these ideas, nor did anyone in our industry) but because if the predictions of many marketing futurists come true, and if trends continue, the future will catch you by surprise and it won’t be a pleasant experience. It just could threaten your entire ability to be successful as a marketer.
Before we go into the future, to give us some perspective, let’s take a very quick look at where we are today and how we got here.
How we got here…
Once upon a time there was no internet and everything was print. (Last time I checked, CROs and manufacturers of lab equipment weren’t advertising on TV or the radio, so we can ignore those.) Then there was the internet, and marketers saw that it was good. They could easily reach large audiences at very low incremental costs. There was email marketing and banner advertising, and those were very successful tools for a long time. We could put ourselves directly in front of our target audiences, seemingly at will. Marketers got fat and happy, feeding off the plenty that the internet provided for them.
But customers got tired of interruptions. They responded with spam filters and ad blockers. They became numb to the constant barrage of ads and learned, consciously or not, to tune out the ads that marketers were throwing at them.
Marketers sought to save their valuable channels, and came up with new ways of increasing ROI. The rich media ad was born, as was the native ad. Clickthrough improved, and marketers breathed a collective sigh of relief.
Email was never the same. Marketers couldn’t keep up. Where unsolicited email was once extremely popular, now most marketers use double opt-in lists. List sizes shrunk precipitously.
…and where we’re going
We’re in the midst of the death of unsolicited email marketing and opt-in email marketing is by no means future-proof. Display advertising is threatened as well. What comes after native? Maybe there are more evolutions of display (and / or text) advertising to come, but we can’t just keep filling webpages with junk. The audience – especially our well-educated and knowledgeable audience of scientists, will find a way to take back and protect their valuable attention. So what happens when they do so to an extent that the traditional marketing-by-interruption approaches are no longer effective?
Email and display advertising goes away. You can’t go back to print: we already know that’s not effective, and who actually reads things on pieces of paper anymore? Content marketing is valuable, but that doesn’t solve the problem either – it may help keep the audience’s attention but you still need to get their attention in the first place. Conference attendance is steadily declining and an opportunity that only comes once a year isn’t enough to prop up a marketing program. So what’s left?
Barring new channels being invented between now and then, it leaves search and social media.
The value of search is abundantly clear to most marketers, and while its value increases as it becomes more difficult to reach people through other channels, search won’t necessarily enter a new paradigm because of it.
Social media marketing, on the other hand, changes immensely. Social media essentially becomes your new permission-based marketing. It’s a group of people who you can actively reach out to with your marketing messages. You expand your list disseminating valuable, share-worthy content. The rules and best practices of social media won’t change so much, but its role without your marketing program will transform. That’s why it’s so important to start building your audience now, while you can still pull people to you with advertising.
Growing an audience organically takes a lot of time and effort. Right now you can “cheat” with social advertising, but how long will it be until that becomes ineffective as well? Start growing your audience now and you’ll be prepared for the future of permission-based marketing.
In most market research, you start with a hypothesis or a set of assumptions and you take it from there. Those assumptions often aren’t conscious – for instance, when asking a user to rank a set of product attributes you’re assuming you know which attributes are most important – but they’re almost always present. For most research that’s fine, however for problems that are large and unknown these assumptions hinder our ability to identify a solution. This is true not just for traditional market research efforts, but for analytics-driven research as well. Diving into data – big or small – to try to answer a question doesn’t guarantee a correct result.
For those big, vexing problems, we need another approach.
Customer Research Without Assumptions
Serendipitous discoveries require that we shake those assumptions. We need to be able to observe and learn without our questions or research getting in the way of themselves. In order to do this, we need to adopt a customer-centric perspective. We once again need to stop thinking about the customers and start thinking like the customer.
Obviously, in order to perform research you still need to know what it is that you’re seeking to understand. We therefore still need to be able to ask questions and set goals, but we need to ensure those goals are assumption-free. To do so, start with the problem you want to solve or question you want to ask, and then convert that into a broad but addressable customer-centric issue. In other words, you need to be able to frame it as a human experience.
Addressing problems framed in this manner is not something that can be done with surveys or some kind of defined Q&A process – both require questions which embody assumptions. Instead, such research must be primarily observational. You want to be able to gather information in an open-ended manner. Questions should only be asked in response to observation. The primary issue in the design of such studies must be: what about our customers can we observe in order to gain the necessary understanding?
When to Take an Assumption-less Approach
The assumption-less approach to market research should only be undertaken for big, unknown problems. If you are even moderately familiar with the customers and the market, can envision a defined set of possible outcomes with a good degree of certainty, and can frame a set of hypotheses, then the problem is capable of being defined in a manner which does not necessitate an observational, assumption-less study.
The assumption-less approach is best when:
- You are highly unfamiliar with the customers, market, or problem.
- The problem at hand is novel.
- Other methods of research or analytics cannot be used or have failed.
- You cannot define a set of likely outcomes and have no hypothesis to test.
Aided by technology, many life science marketers who perform market research are increasingly relying on a combination of surveys and analytics to perform market research. These methods, however, cannot answer all questions. Hypothesis-driven market research imparts assumptions which can confound the understanding of unknown problems. To best tackle those big problems, take an assumption-less approach and perform an observational study which seeks to better understand unadulterated customer experiences.
The average product launch has a lot in common with a firework show. A lot of effort goes into it and it’s relatively expensive. It makes a big splash and does a fairly good job of getting a lot of attention. Also like a firework show, after the big launch effort is over, the audience goes about their lives as if it never happened. People won’t think about it much after it’s over, and within a few weeks it’s lost to history.
That is not a satisfactory outcome for a product launch, but it is the outcome for most launch efforts. A lot of this is due to planning and strategy – marketers plan big splashes and track their âsuccessâ with vanity metrics so it looks like goals were met. That’s not how things should be done. A product launch shouldn’t just create a splash. It should start a movement. The goal shouldn’t be to get “x” number of people’s attention. That’s fleeting and far removed from the things that matter. The goal should be to change the way that your target scientists think; to change their opinions on how they should do things.
That begs the question… What do we need to change in order to move from this paradigm of creating big, splashy launches to creating ones that have a more profound impact – ones that start movements?
Three Things That Will Transform Your Next Launch
Beyond the standard things that companies normally think of for product launches, such as positioning and ways to reach the target audience, there are three key things that life science companies need to do in order to make their launch be the start of something that grows and becomes stronger with time instead of fizzling away.
1) Captivate the Audience
Captivating your audience should be priority #1 for most high-level marketing communications, but it’s especially important for product launches. As we’ve discussed previously, there are a number of things you need to do to ensure you get your audience’s attention and keep it for as long as possible.
First, start with your reason. Why did you develop this product or service? Why does it exist? Do NOT start your message by saying what the product is. You might genuinely care about your new product, but remember that your scientist-customers do not. Leading with a product-centric message is a sure-fire way to ensure a lackluster response.
Secondly, make the message something the audience can agree with – and is likely to agree with. You want them to buy into your message up-front in order to make them more receptive to everything else you have to say. Show the audience that you understand them and that your goals and values are aligned with theirs.
Lastly, make it emotionally compelling. This is what will really give your message the power it needs to drive people into action. Frame the message around something they care about and make it sincere.
Note that these three core components to captivating messaging remain true regardless of the format you’re using to deliver your message. However, using more highly engaging formats such as video or interactive content helps to both attract and maintain your audience’s attention.
2) Provide Genuine Value
Don’t just ask of your scientist-customers; give to them. In order to create a memorable, lasting experience, they need to be able to derive genuine value from it. If they do not, the experience will be fleeting. This is one of the reasons so many launches fall short – if the goal is just attracting attention and the metrics used to show success are things like visits or clicks, marketers are rewarded for creating stimulating and entertaining but ultimately shallow experiences (like fireworks).
The common intermediate goal of delivering a digital download or something similar is also insufficient in most cases. White papers are most frequently skimmed once and never touched again. Case studies focus on the wrong stage of the buying journey for most of your audience. Your goal should be to create a genuine resource for your customers related to the product or service being launched. Ask yourself: what are the needs of our target audience and how can we address them in a way that both is relevant to the product / service and creates value for our brand? Answer that question and deliver on it, and you’ll create a lasting, positive experience for your customers that is perceived over and over again.
3) Build On It
If you’re going to create lasting change in your market, a one-off event isn’t enough. To keep your movement going, you need to support it. The ways in which you can do this are myriad, but should be guided by your launch. Strive to create value and create experiences which build on those created in the launch itself. Even better, have the launch itself leave behind something tangible which can be built on or built around over time. Whatever you do, don’t just walk away. If you’ve come this far in the creation of a successful launch, keep going.
Which kind of launch do you want, the firework show or the movement?