BioBM’s first and most popular white paper, “Life Science Marketing on a Low Budget,” has been updated and improved. The paper addresses means of campaign execution that are low-cost, scalable, and allow for a high degree of targeting, thereby offering the potential for very high ROIs. It incorporates new data, expanded considerations for choosing marketing channels, and information on quasi-free marketing opportunities.
To request a copy, please visit: https://biobm.com/idea-farm/reports-papers/
BioBM Consulting has released a new white paper: â10 Key Questions & 5 Powerful Rules for Life Science Marketers when Building an Online Community.â A critical read for any life science marketer that is considering the use of online communities for marketing purposes, this paper discusses discuss 10 key questions that life science tools companies should answer prior to undertaking the formation of an online community and also provides 5 powerful rules that companies should follow when building and managing such communities.
BioBM Principal Consultant Dr. Carlton Hoyt added:
Statement from Principal Consultant Carlton Hoyt
Online communities can be a very powerful tool for life science marketers, potentially putting large amounts of the target market at their fingertips while building or nurturing a leadership position in their field. Such undertakings can be very difficult, however, and can ever backfire if the life science company does not put sufficient thought into its development and ends up with a very visible failed effort. This paper will guide life science marketers in their development and management of online communities to help them create more value for their target audience as well as their company.This white paper is freely available to all individuals in the life science industry. To learn more about the new paper, to preview it, or to request a copy, please visit: https://biobm.com/idea-farm/reports-papers/
BioBM Consulting has released a new paper, entitled “Redefining the Life Science Buying Cycle: A novel paradigm enabling life science tools companies to communicate with their entire target market in order to build a strong brand.” This white paper discussed the flaws in the traditional view of the life science buying cycle, replaces it with a new purchasing paradigm, and instructs life science marketers how to effectively target more of their desired audience by utilizing different marketing methods.
This white paper is freely available to individuals in the life science industry. To learn more about the new report, to preview it, or to request a copy, please visit: https://biobm.com/idea-farm/reports-papers/
BioBM Consulting has completed the move of all of its operations from it’s previous Kingston, New York location to Boston, Massachusetts. BioBM’s physical and mailing addresses are now 9 Weyanoke St., Boston, MA, 02124.
Regarding the move, Principal Consultant Carlton Hoyt gave the following statement:
Statement from Principal Consultant Carlton Hoyt
The move from Kingston to Boston is a natural development in the continued growth and maturation of BioBM. While we appreciated the beauty of being at the foot of the Catskills, the Boston metro area has a near-unparalleled depth of life science tools and services companies, a vibrant startup community, and a culture that is very friendly to life sciences in general. Incredibly, we began to realize benefits from this move before we were even fully moved in, which speaks volumes to the demand for life science marketing services such as ours. I have every confidence that this move will prove beneficial to the company, its clients, and its employees.All correspondence or packages sent to BioBM should be addressed to the new location. Sending parcels to BioBM’s Kingston address may result in a considerable delay in receipt.
BioBM Consulting has kicked off 2012 with a new group on LinkedIn specifically for those interested in the marketing of life science laboratory tools and services. Whereas previous groups focused on life science marketing bundled these topics broadly with pharmaceutical, biotechnology, diagnostic, and medical device marketing, the new “Marketing of Life Science Tools & Services” group focused specifically on those who are marketing to life scientists, providing a level of depth and specificity not found anywhere else.
Principal Consultant Carlton Hoyt gave the following statement about the founding of the group:
Statement from Principal Consultant Carlton Hoyt
The Marketing of Life Science Tools and Services group will be a powerful resource for the life science marketing community to share and propagate ideas and best practices, ask questions, and discuss the most relevant topics in life science marketing. We hope that both our clients and all life science marketers are able to benefit from having a place where they can leverage the community’s collective expertise.To view or join the group, please visit: http://www.linkedin.com/groups/Marketing-Life-Science-Tools-Services-4213564
BioBM Consulting has released a new report: “2011 Life Science Manufacturer-Distributor Relationship Report: Industry Opinions, Factors Contributing to Distribution Success and Failure, and Potential Opportunities for Improvement”. This report compiles the opinions of 82 relevant individuals from both distributors and manufactures of life science tools to provide an assessment of how both parties view life science distribution relationships as well as identify potential ways to improve them.
This report is freely available to individuals in the life science industry. To learn more about the new report, to preview it, or to request a copy, please visit: https://biobm.com/idea-farm/reports-papers/
Dan Sfera & Don Walters from TheClincialTrialsGuru.com recently interviewed BioBM Principal Consultant Carlton Hoyt about a wide range of topics spanning life science marketing and R&D funding to his background and what led him to pursue life science business and marketing. You can watch the full interview below.
New Paper from BioBM
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BioBM Consulting has released a new white paper entitled: “Life Science Marketing on a Low Budget: How Start-Ups in the Life Science Tools Sector Can Drive Product Awareness, Sales, and Sustainable Growth on a Limited Budget”. This paper addresses ways for small or start-up life science tools manufacturers with a low marketing budget to achieve a high ROI and drive growth by carefully selecting and properly utilizing the best marketing tools and channels.
This new paper is the first paper released by BioBM. To commemorate this milestone, principal consultant Carlton Hoyt gave the following statement:
Statement from Principal Consultant Carlton Hoyt
BioBM’s development and strong growth has both motivated and allowed us to devote more resources into activities that provide value to our current and potential clients, as well as to the industry in general. We hope our continued growth will allow us to more regularly provide such high-value documents to the life science tools community and look forward to creating more papers and reports in the future.To learn more about the new paper, to preview it, or to request a copy, please visit: https://biobm.com/idea-farm/reports-papers/
BioBM Launches LifeSciPR
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BioBM Consulting, a botique business and marketing consultancy serving life science tools companies, has launched LifeSciPR, a press release site specifically for companies in the life science tools and services sector. LifeSciPR allows all companies in the life science tools sector, as well as public relations agents acting on their behalf, to post press releases free of charge.
“While there are many aggregators of general life science news and sites reporting on various life science topics, there are no sites specifically dedicated to the life science research products and services sectors that are both comprehensive and up-to-date,” said Carlton Hoyt, Principal Consultant at BioBM Consulting. “By providing a free platform for all life science tools companies to post releases directly, LifeSciPR will be a comprehensive source for the latest in up-to-date news within the life science tools sector.“
“Because of the lack of functional press release sites within this highly targeted industry, LifeSciPR will provide companies and PR agents with a unique opportunity to directly speak to relevant communities,” said Douglas Rogers, Director of Internet Services at BioBM Consulting. “We look forward to its adoption and growth. At the same time, we are committed to keeping it free for users and not ruin the viewer experience with advertisements.“
LifeSciPR is live and available to use. An RSS feed of the press releases posted to LifeSciPR can be obtained using the following URL: https://biobm.com/press/yadrss/. A feed can also be obtained by following @LifeSciPR on Twitter.
BioBM Consulting has announced the release of it’s new “Idea Farm”. Unlike standard services, the BioBM Idea Farm productizes ideas into discrete, purchasable packages at a pre-defined price. The Idea Farm explains what the idea is, who it would be appropriate for, how it should be implemented, and how it will benefit potential life science companies who would purchase it. To maintain the integrity of the ideas, each will only be sold one time, to one buyer.
To date, most of the ideas are for marketing communications initiatives, although BioBM staff members have acknowledged the possibility that relevant ideas in other areas may be added at a later time.
Principal Consultant Carlton Hoyt gave the following statement about the launch of the idea farm:
Statement from Principal Consultant Carlton Hoyt
I am very proud of the ingenuity and innovation that our marketing communications team has shown. Over time, they have presented me with an interesting problem by proposing far more good ideas than we had a client-driven need for. The Idea Farm will provide a platform for BioBM to promote and monetize this ingenuity while simultaneously allowing customers access to these great ideas at a price point that provides an exceptionally strong value.To learn more about the BioBM idea farm, please visit: https://biobm.com/idea-farm/