logo

Tag : marketing

Life Science SMM: Forums

Carlton Hoyt 11:12 am , September 8, 2011

Forums provide life science tools and services companies with a platform for much more personal engagement with customers.This post is the fifth and final post in a series of primers on various platforms available for life science social media marketing (SMM). The other primers are on Twitter, Facebook, LinkedIn, and YouTube.

Perhaps the most underutilized life science SMM outlets, yet ones that often provide good opportunities, are forums. Forums and bulletin boards are the “original” online social media platforms, far predating facebook, twitter, etc., and many online science forums are old, well-established, and well-trafficked. Such forums include the Protocol Online BioForum, the Biology Online forum, Molecular Station’s Molecular Biology Forum, the Scientist Solutions forum, and SEQanswers. As you may guess from their names, many have specialized focuses, but some are quite general as well. Most of the above, however, are very popular with tens of thousands of visitors each month. That’s quite the audience.

Before utilizing any forum for social media marketing, be sure to read the rules of the forum. Each forum will have different rules and some may limit their usefulness for social media marketing. For example, some may not allow you to represent yourself as a company. Some may not allow you to promote a company or product in a post or in your forum signature. Some may not allow outbound links until you have a certain number of posts. Regardless, be sure to follow the forum rules. Not doing so will only get your posts deleted, your account banned, and create a bunch of negative feelings towards you, your company, and your brand. If you feel the rules are too restrictive, don’t use the forum.

That said, there are a lot of ways that forums can be used to your advantage. Some forums will allow you to post about new products and services, or will have specific sections for you to do so. These posts can attract hundreds or even thousands of views, so they are often well worth it. Many will allow you to link back to your website in those posts as well. Providing expert answers to questions on topics within your company’s area of expertise can also be a valuable way to grow and promote your brand image. This sort of projection of expertise will garner respect for the knowledge of your company and staff and will also build goodwill among scientists in your target fields. Sometimes a scientist will have an issue for which one of your products would be a good solution. In these cases, it is appropriate to recommend it to them, thereby directly generating potential leads. Occasionally a scientist will post specifically about one of your products, either to express satisfaction or dissatisfaction, or to ask for support on how to use it when a problem is encountered. In these cases it is very often advantageous to respond to the customer, and again a chance to project expertise, guide customer sentiment, and build goodwill.

Forums provide life science tools and services companies with a platform for much more personal engagement with customers. Offering support, advice, and expertise, as well as announcing new products, are excellent ways to leverage forums in order to build product awareness, goodwill, and project your brand image to an already engaged audience.

"To most life science tools companies, social media marketing seems hazy, but BioBM can make it crystal clear. With training, consulting, and outsourcing solutions that can provide you with the expert skills you need to build and maintain a high-impact, cross-platform SMM campaign, BioBM can help you leverage these new and rapidly evolving tools to build your brand, promote your products, and even generate demand and leads. If you want to target customers in the highly influential and rapidly growing social media environments, give us a call. We’ll have a frank and honest discussion about where you are, where you want to be, how to get there, and what will be required to do so."
Blog / Social Media 11:12 am , September 8, 2011

Life Science SMM: YouTube

Carlton Hoyt 5:26 pm , August 31, 2011

YouTube is a great platform for sharing, but know where its usefulness reaches its limit.This post is the fourth in a series of primers on various platforms available for life science social media marketing (SMM). The first SMM primer, about the use of Twitter, is available here. The second, on using Facebook for life science SMM, is available here. The third, on LinkedIn, is available here. Check back next week for the last life science social media marketing primer, which will be on the use of forums.

YouTube has become synonymous with video on the internet. Content is literally added faster than you can watch it, even if you had 2500 monitors. According to YouTube’s own statistics, 8 years worth of video content is uploaded to YouTube every day. More content is uploaded in one month than the three major US television networks have created in 60 years. YouTube videos were played 700 billion times in 2010.

That said, YouTube isn’t your average social network. The average YouTube viewer is there for entertainment or information, not socialization, so there are a lot more silent participants and generally less interaction than on more traditional social networks such as Twitter and Facebook. Because of this, YouTube isn’t really a social tool to be used alone, nor is it something that should be tackled separately from other social channels. To get the most from YouTube, it should rather be a part of a greater life science content marketing strategy, and its use should be integrated with your other social platforms.

YouTube is wonderful for content marketing in no small part because it’s so incredibly easy to share. YouTube has its own built-in URL shortening, and viewers can post YouTube content anywhere and embed videos any place that they can post HTML. If your aim is viral and your content is video, YouTube has to be your platform. YouTube is good for more than just viral videos, though. It’s a great place to start or develop engagement with customers. YouTube allows you to link to other content within the video space itself, and you can promote other avenues of social engagement and content as well, such as your twitter account, Facebook page, blog, your YouTube channel, etc. Be sure to make good use of that capability and encourage your audience to interact, share, and connect. Think of this encouragement as the equivalent of what calls-to-action would be in more demand-focused marketing communications. Instead of “buy now”, you’re saying “share”, “follow”, or “subscribe”. Keep your content fresh, and make lots of videos – even if they’re nothing special. Show customers how to use your new products (and encourage them to share their methods via video as well). Introduce your facility or staff. Create “video manuals” for your products. Show your human side, build your brand, make some friends. Get creative, and try to find ways to pique your customers interest. Just don’t waste their time. Videos don’t have to have a high production value (especially for smaller life science companies that aren’t as worried about appearing “finished”), but they should all have a purpose.

Like other social media platforms, there are some things that you definitely should NOT do. Don’t use it as a place to make hard pitches. If you want to use YouTube to lead someone into a sales cycle, lead them to another place first (your website, for example). Also, don’t use too YouTube videos on the static pages of your website (such as your product pages). YouTube videos will show related videos at the end of your video, and this may include competitors’ videos. Also, YouTube is notorious for people “Trolling” – posting inflammatory or degrading remarks in order to elicit a response. Don’t “feed the trolls” by falling into their trap. If someone says something off-topic and / or stupid, just ignore it.

YouTube also allows users to create “Brand Channels“. These channels are homepages for their YouTube content that can be customized with a company’s branding and imagery, and also provides some additional features such as moderation (which shouldn’t be overused!). These are visually nifty, but are not free, so it’s up to you to decide whether a brand channel is worth it.

YouTube is a great place to share your video content and promote engagement with customers. Used in conjunction with other social media platforms, your blog, and other means of providing and distributing content, your life science company can build a powerful tool for engaging researchers.

"Do you like YouTube? We LOVE YouTube! Blending our experience in social media marketing and marketing communications, we can conceptualize high-impact strategies, define winning campaigns, and create awesome videos that leverage YouTube to get your life science tools company more publicity, create a whole lot of interaction with scientists, and help build and project your brand to the world. If you want to combine the powerful tools of video content and social media, then it’s time to call BioBM Consulting. Let’s grow your business, make an impact, and maybe even have a little fun doing it. … And did I mention we love YouTube?"
Blog / Social Media 5:26 pm , August 31, 2011

Search Engine Marketing Tips

Douglas E. Rogers 1:14 pm , August 26, 2011

Life science search engine marketingThere are many reasons why any life science tools company should be using search engine marketing (SEM), yet many do not. Scientists are frequently on search engines to look for publications, protocols, product info, scientific knowledge, and more. In a field so highly dependent on information, and on such a wide variety of information from so many different sources, you can bet that scientists are on search engines a lot. Search engine marketing can not only provide a large audience to market to, but since you select which search terms you want your ads to appear on, it can provide a highly targeted audience as well. Best of all, and my favorite thing about any cost-per-click (CPC) based marketing – you only pay for results.

Please note that the following advice pertains mostly to major search engines (such as Google, Yahoo, and Bing), as they will have the full set of features that these tips assume the search engine to have. There are certainly other search engine tools that have reasonably good features and very competitive cost-per-click rates, but although some of the advice will likely be applicable to smaller and / or more focused platforms as well, we will leave those for a separate discussion.

Understand how SEM works

If you and your life science company are new to search engine marketing, you’ll want to familiarize yourself with the basics. It’s easy to have a poor ROI if you don’t know what you’re doing. Each search engine will likely have a wealth of literature for you to read and watch, likely enough for you to gain quite a good proficiency with each system if you bother to take the time. For example, you could spend weeks reading all the information that the Google AdWords help center provides. Perhaps one of the most important lessons to learn before you initiate an SEM campaign is how the bidding process works and how CPC is determined. Again using Google AdWords as an example, they have a helpful intro video explaining the process (albeit a bit simplified from how it actually works).

Use the tools that each SEM platform provides

Google AdWords, for example, will provide you with all sorts of lovely info. It will give an index of competition for any given keywords, provide estimates on how many searches are performed for any given term, both globally and within a given region, and estimate the cost-per-click that you would need to bid. It will even provide suggestions on additional search terms, and give historical search estimates month-by-month. This information can help you tremendously in determining what search terms are best to target.

Be an opportunist

In part because life science tools companies do so little search engine marketing compared to the breadth of terms used in the field (and perhaps in part due to many life science marketers general inexperience with SEM), there are a lot of opportunities out there that can drive down your cost-per-click, drive up your ROI, and result in more sales. To start doing this, think like a scientist. What could they be searching for that may not be a product, but may be related to your product. For example, if you are selling DNA extraction kits, perhaps you could target not only users who are searching for DNA extraction kits, but DNA extraction protocols, phenol / chloroform extraction, DNA purification, etc. There are many terms that would indicate that someone is performing DNA extraction. Alternative methods, related upstream or downstream procedures, and even names of competitors products are all good search terms to consider. Find those terms with a low CPC and take advantage of them.

Monitor, update, repeat

Major search engines will try to maximize their income by displaying the ads that make them the most money. This, simply stated, is based on cost per click multiplied by the click-through rate (CTR). Click-through-rate is the rate at which your ad is clicked on by searchers for any given term. If your ad gets clicked on a lot, the search engine gets more money, and you get more visitors. Everyone goes home happy. Search engines will reward ads that have a higher CTR with lower CPC, higher ad placement, or both. An eye-tracking study found that the top-placed ad to the right of Google search results is viewed five times as frequently as the ad that is fifth on the list, so ad placement is an important thing that should not be undervalued. By monitoring your results and tweaking our ads as necessary, you can drive up your CTR, lower your CPC, and improve your ad placement.

One last thing deserves mention. We are often asked by life science companies how much is the correct amount for them to dedicate to search engine marketing. This question doesn’t have a numeric answer. The answer is: as much as you can while getting the desired ROI (and without breaking your budget). Note that this will not be an “infinite” amount of money; you will be limited by the number of searchers. However, so long as you are achieving the desired return-on-investment from your SEM campaign, you should continue to reinvest in it to continue to drive sales growth.

Search engine marketing is a valuable, highly scalable, and readily accessible tool that can generate lots of traffic for your site and, more importantly, lots of sales for your company. Properly utilized with a well-designed site including the appropriate landing pages, your life science tools company can realize a high ROI from your SEM investment and grow both your sales and your company.

"Want to create highly effective life science search engine marketing campaigns? Want to ensure that you get a great ROI from your SEM? Well then, you’ve come to the right place. BioBM Consulting’s expertise running SEM campaigns of all sizes is here for you to leverage. By creating great campaigns from scratch or finding and implementing ways to improve existing campaigns, our services pay for themselves by delivering high-ROI campaigns that get results. If you want SEM campaigns that are effective, efficient, and scalable, contact BioBM. Our experts are here to help life science companies just like yours get the most from search engine marketing."
Blog / Search Marketing 1:14 pm , August 26, 2011

Life Science SMM: LinkedIn

Carlton Hoyt 10:43 am , August 24, 2011

Using LinkedIn for life science social media marketingThis post is the third in a series of primers on various platforms available for life science social media marketing (SMM). The first SMM primer, about the use of Twitter, is available here. The second, on using Facebook for life science SMM, is available here. Check back for more primers on the use of youtube, forums and other means of life science social media marketing.

LinkedIn is somewhat unique among social media platforms. It is a professional social network. That means that unlike Facebook, Twitter, and other “personal” social platforms, on LinkedIn people are looking to interact on a professional level. While 0.2% of all human-experienced time in the world isn’t spent on LinkedIn (only Facebook can make that claim), it still surpassed 100 million members in March and is a ranked the 13th most popular website (according to Alexa at the time of posting. Perhaps most importantly, LinkedIn provides a unique opportunity to interact with individuals who may otherwise be difficult to reach, influence key opinion leaders, and become a thought leader among a crowd of influential experts.

LinkedIn is also interesting because most of the interaction that your company does on LinkedIn has to be personal – there are very limited ways in which the company, detached from the employee that is performing your SMM, can interact with individuals. Most of your interaction must be done as a person. This in turn requires that LinkedIn be a highly personal endeavor and that employees performing SMM on LinkedIn take ownership of the content that they post. This has pros and cons. On the positive side, your customers will be more receptive to the messages that come from people (rather than companies) and will be more likely to engage with them. On the downside, much of the benefit of developing relationships will be lost if the individual managing your LinkedIn SMM effort changes. In most cases, however, the pros far outweigh the cons.

From a strictly corporate standpoint, LinkedIn does allow you to create a page that provides a brief overview of your company as well as provide a description of your products and / or services. While you should complete your company’s description (it looks more professional), your product and service page will likely be so infrequently viewed that it is unlikely to be worth maintaining unless you have a large amount of resources or your product / service offering is only changed very infrequently. You can also provide a feed of your Twitter and blog, and I recommend doing both since it is a good way to direct viewers to that content as well. These tools, however, are the far smaller component of where value can be realized on LinkedIn.

The overwhelming majority of the value that you can realize on LinkedIn is via groups. LinkedIn groups are places where you can connect and interact person-to-person with people who are very likely to be a) highly networked, b) thought leaders, c) highly targeted to your area of interest. In many cases, the demographic that you want to target will already be congregated into a LinkedIn group. Do you sell products or services to proteomics researchers, for example? There are two groups specifically focusing on proteomics with over 1000 members, and many others that are either somewhat more broadly focused or also highly focused but with memberships in the hundreds. Granted, some of those members probably do not receive group updates and visit the group page only infrequently, but a good portion likely check it occasionally, and perhaps 10% of the members of any given page view it regularly and / or receive daily or weekly e-mail updates. For groups with members in the 1000s, that’s a very good audience ripe for quality content marketing. (Think about it – how much would you love to have hundreds of people attend one of your webinars, etc). If a page for your company’s specialization doesn’t exist, and you think that there may be sufficient interest to sustain a group, then make one! You can gain as much if not more benefit from running your own group, and there are even ways to “brand” the group (via the logo, name, etc.).

Don’t forget that posting on LinkedIn groups, like other forms of SMM, should be approached as content marketing. The benefits to doing so on LinkedIn are even greater, as content that creates discussion is rewarded by placement in the highly visible “most popular discussions” section. Also, since LinkedIn groups all have a moderator, frequent promotional posts may result in censorship or removal from the group. To avoid this, be sure to build some goodwill within the group before you make any pitches.

LinkedIn, while not as popular for life science social media marketing, presents unique opportunities which are potentially higher value than those likely to be created via other social networking platforms. In large part due to the focused communities and personal nature of interaction via LinkedIn, high-value relationships can be built and prospective customers can be more effectively engaged by leveraging an effective social media strategy.

"Are you interested in using LinkedIn or other social media platforms for life science marketing? Want to efficiently build lasting relationships with both existing and potential customers but don’t know how to effectively do so? That’s okay. BioBM Consulting is here to help you. With social media marketing solutions designed especially for small life science companies selling research products and services, we have the niche focus and high degree of marketplace understanding to create custom tailored solutions that create breakthrough marketing ROI for your company. Call us today to discuss how we can help meet your marketing needs."
Blog / Social Media 10:43 am , August 24, 2011

Life Science SMM: Facebook

Carlton Hoyt 5:00 pm , August 17, 2011

Facebook for life science social media marketingThis post is the second in a series of primers on various platforms available for life science social media marketing (SMM). The first SMM primer, about the use of Twitter, is available here. Check back for more primers on the use of youtube and other means of life science social media marketing.

Facebook is hands down the largest social media platform in the world, and it wouldn’t be difficult to argue that Facebook is the most pervasive and influential website that has ever existed. According to their own statistics, Facebook has over 750 million active users and each user spends, on average, about 30 minutes per day on Facebook. The rest of the statistics are almost equally staggering. Users install 20 million applications per day. More than 2.5 million websites have integrated with Facebook. According to Alexa, Facebook is the second most popular website in the world (Google is first), reaching an estimated 44.9% of global internet users on any given day. Over 7% of all pageviews occur on facebook.com; this means that, statistically speaking, for every 14 pages that any internet user anywhere views, at least one of those is on facebook.com. This makes facebook the most viewed website in the world and in my opinion is an absolutely staggering statistic. In the US Facebook is even more pervasive, and a comScore study found that 1 in every 8 minutes spent online is spent on Facebook.

Your customers are on Facebook. Probably a lot of them. In fact, it is very likely that you have more customers that are on Facebook than have ever been to your company’s website. According to our internally compiled data on 400 small life science and analytical laboratory products companies, 31.0% of small life science have a presence on Facebook. In most cases, however, a presence is all it is. There is no engagement. Updates are infrequent and not customer-centric. There is no enticement for customers to like the page, to use the page, to visit the page, or even to view the content that gets posted. That is a heck of a shame, especially since Facebook offers the most versatile social platform available for social media marketing. So what can life science companies do to more effectively utilize Facebook for marketing purposes?

Step 1: Build

Build a great and attractive page. Facebook allows you to custom build html-based pages for your Facebook page, and you should leverage those appropriately. There are also great, free tools to feed in content – we recommend checking out Involver for some great free and paid Facebook apps (we are in no way affiliated with Involver; we just like their apps). Always remember that your customers are almost exclusively on facebook to socialize and be entertained and keep that in mind when designing your page and deciding what content to automatically feed into it.

Step 2: Grow

You have a Facebook page – great! Now to get found. Unlike Twitter, which actively promotes users finding other users with similar interests and doesn’t discriminate between personal and corporate accounts, on Facebook your customers mostly have to actively find you in order to connect with you (the exception to this would involve paid advertising on Facebook). This is a hurdle that you need to actively overcome. Some ideas on how to get around this include placing links to your Facebook page on your website and in e-mails, letting your customers know that you’re on Facebook in support and marketing communications, and offering exclusive Facebook-only promotions. If you can create a clear benefit to “like”ing a page, you’ll get a lot more likes.

Step 3: Engage

There’s almost no value to having a huge fan base if you’re not doing anything with it. Provide your fan-customers with information and content that they will be interested in. Facilitate more interaction amongst your fans. Project your expertise on relevant topics. Because of the way that Facebook determines what should appear on a user’s “top news” news feed, which shows users more updates from the pages and people that they engage with most, that a successful engagement strategy will build on its own successes. Always keep in mind that social media marketing is better suited for branding than lead generation, so try to keep branding as the focus and stay away from making too many pitches or overly discussing your products; tactics that could disengage your audience.

Step 4: Maintain

Don’t let your page or your content get stale! If your incentive for getting your customers to like your page gets old and ineffective, replace it. If you aren’t growing the rate at which your customers like, comment on, or share your content, revamp your strategy. As with any branding effort, the payouts are relatively longer term. Giving up before you can reap such benefits is a huge waste. Return-on-investment from SMM efforts can be difficult to measure and because of this managers often are quick to cut SMM if there is any contraction in the marketing budget or if they are evaluating marketing efforts by standard methodologies. If you are in charge of an SMM effort, be prepared to use “soft” measurements, nonstandard metrics and, perhaps, a few reasonable assumptions to make your case for continuation of SMM.

Social media marketing on Facebook is an integral part of any life science social media marketing campaign, and with the right strategy and execution, it can be a highly effective avenue for SMM as well.

"Life science SMM can be complex and difficult to grasp and analyze. Don’t let that stop you from connecting with your customers on a highly personal level and building critical, long-lasting connections. If you’re looking for a high-power SMM campaign that is not only tailored to your currently needs but can readily adapt to your future situation as well, contact us at BioBM Consulting. You can win the hearts and minds of your customers. BioBM will help you do so."
Blog / Social Media 5:00 pm , August 17, 2011

Life Science SMM: Twitter

Carlton Hoyt 7:10 pm , August 10, 2011

Twitter is the most popular platform for life science marketing, and can be a powerful tool when used correctly.This post is the first in a series of primers on various platforms available for life science social media marketing (SMM). Check back for primers on the use of facebook, youtube, and other means of life science social media marketing.

Twitter has undeniably become the social platform of choice for life science marketing. Based upon our in-house research performed on 400 small life science companies (in this case “small companies” is defined as those with 200 employees or less), 39.5% of small life science companies have twitter accounts, however only 31.0% have facebook accounts. Of the life science companies that use twitter, however, only a fraction make optimal use of it. Most commit multiple social media marketing faux-pas, and their marketing efforts are, in whole or in part, wasted as a result.

The first thing to remember about any life science social media marketing, and something that I reiterate over and over again, is that you are effectively on your customer’s “turf”, and you need to play by their rules. They are there for a reason, and that reason may be to network, socialize, follow topics of interest, etc., but you can be relatively certain that they are not there to read a stream of advertisements. If your twitter is effectively just a feed of new product announcements, press releases, sales and promotions, don’t waste your time. Either step up your game or shut your twitter account.

Remember that social media marketing, especially SMM on twitter, is far more about branding as opposed to lead generation. If you’re expecting twitter to be something that’s going to provide a short-term ROI, you’re probably barking up the wrong tree. (there are methods to realize a more near-term ROI, but this should be a small piece of your social media strategy). Think long-term. Think of it as an outlet that will project an image or an expertise. It will be one of the “faces” of your business, and its value will be in helping to shape and control your brand image.

When it comes to social media marketing, it is often good not to think of your target audience as current / potential customers but rather as scientists (or whatever subset of scientists you are looking to target). This will help you get out of the more traditional marketing mindset. Now, what would those scientists be interested in? How can you deliver content that is interesting to them as well as relevant to your business? That line that achieves both interest to your audience and relevance to your business is your sweet spot – stick to that as closely as you can. The source of the content can be external or internal, in fact most sustainable social media strategies by necessity rely more heavily on external content as generating the majority of content internally will either be too much of a burden or leave you posting too infrequently.

This is not to say that some more traditional marketing can’t be worked in, it just has to be communicated in terms of how it would be interesting to your audience. New products can be discussed if they are sufficiently interesting and you can add value to a conversation. Promotions can be announced if they are compelling to your audience. Just try your best to avoid making too many pitches, if any.

The next thing to remember is to engage. You need to promote and create bi-directional communication with your audience. Even if your audience is too large to listen and respond to a significant number of them, reach out to some eventually. Share what they have to say, respond to topics of interest, and talk to them. Just like conversations offline, people like it when what they say is acknowledged. Show your audience that there’s a real person (maybe even one that’s not wearing a tie) behind your twitter avatar. Being human is so much better than being corporate, and will help them foment a positive opinion of your brand and create an emotional attachment.

I’ve heard some prominent life science marketers predict the downfall of twitter as a marketing platform (just as, they say, e-mail has fallen out of favor as a marketing platform). I would go so far as to say they are outright incorrect. Unlike e-mail, where you are not always in control of who is sending you messages, twitter users choose who they want to listen to. If they feel they are being marketed to more than they desire, they’ll simply follow fewer corporate accounts. This can, however, be overcome by using marketing methods that don’t “feel” like marketing (such as content marketing), avoiding pitches, creating engagement, and being human.

Most twitter users don’t know most of the people they follow; they follow them because they’re interested in what they have to say. Put extremely simply, for a life science social media campaign on twitter to be successful, all you have to do is be relevant and interesting.

Don’t forget to follow BioBM on twitter! @BioBM

"Don’t let life science SMM intimidate you. If you want to get more out of your SMM, develop a strategy that will help you engage your audience and deliver value to your company, and / or have your social media marketing professionally and personally executed by life science SMM experts, call BioBM Consulting. You can become an authority in your field via social media. BioBM can help you get there."
Blog / Social Media 7:10 pm , August 10, 2011

New Paper from BioBM

biobm 10:43 am , August 10, 2011

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/

News 10:43 am , August 10, 2011

MarCom: Leads vs. Branding

Carlton Hoyt 2:42 pm , August 4, 2011

In order to achieve the maximum value from your life science marketing communication efforts, be sure to understand the strengths of each medium.Not all forms of life science marketing communications should be presumed to serve the same purpose and looked at in the same manner. Indeed, the audience themselves have a tendency to view various advertising platforms differently, and treat advertising on each platform according to their views of it. There are also technical considerations which make some platforms more suitable for branding and others for lead generation. By understanding the factors which come into play and how each method is likely to be perceived, we can align our life science marketing communications to be in line with our overall marketing strategy.

Generally, there is a large gap between digital and print advertising. Digital advertising is far more capable of easily promoting immediate action by allowing the process from advertisement viewing to lead generation and capture to be wholly smooth and uninterrupted. At no point do prospective customers ever have to get up from their computers. With print, calls to action are effectively asking customers to actively go and do something, be it make a phone call, go to a website, etc, and therefore are less effective for lead generation due to that additional motivational barrier. There are exceptions to this, however, as well as things that can do to augment any particular platform’s effectiveness at each. Print advertising, for example, can be made far more effective at lead generation by offering captivating promotions that provide additional incentive to take up a call to action. Digital advertising can be made more effective for branding through providing higher-value messages, such as in content marketing, and by increasing the quality of the advertisement itself (think along the lines of “production value” for movies). Social media marketing is an example of an exception to the rule. The rules of social media are different from most digital marketing and SMM is far more based around content, engagement, and other activities which are usually not geared towards short-term lead generation. Indeed, life science social media marketing efforts too heavily focused on traditional marketing and / or advertising are doomed to failure.

This understanding of various marketing platforms and their fit for different marketing purposes must then be reflected in the marketing communications across each platform. If we are looking for short-term revenues then we want to target platforms more amenable to lead generation and capture and design our marketing communications appropriately. For example, such marketing communications should have a strong call-to-action and, when possible, be directly actionable themselves (such as by being hyperlinked). If you are looking to improve your branding, then the marketing communication should make a broader, more generally positive sentiment about the company or product line, or provide value to the customer in ways that compliment and highlight a company’s competencies and products / services.

While not a dichotomy, many marketing platforms can be scaled based on their utility for lead generation or branding. By understanding the unique advantages of various marketing platforms, life science companies can better utilize those platforms to achieve their goals.

"Are your life science marketing communications and advertisements not generating the desired results? Are you looking for a partner who understands all aspects of life science advertising and marketing? Poor marketing communications can stunt sales growth, but BioBM Consulting can help your company conceptualize, create, and deploy high-value marketing communications. We can also revitalize your marketing communications strategy to ensure you’re sending the right messages at the right times to the right people. Call us today to start improving your life science MarCom and growing your sales."
Blog / Branding / Demand Generation / Marketing Communications 2:42 pm , August 4, 2011

Scientists: Your Best Marketing

Carlton Hoyt 4:16 pm , July 26, 2011

You can proactively use the sentiment of satisfied life science customers to improve marketing and sales.We have previously discussed how word-of-mouth marketing (also known as referrals) is limited in a life science environment because of the segregation of customer populations. That doesn’t mean that the opinions of your customer can not or should not be used in marketing. In fact, scientists can provide you with some of your best marketing ammunition. Since word-of-mouth marketing is not sufficient to rapidly grow sales, it becomes your job to spread the sentiment of your brand and product “evangelists”, and there are plenty of tools to do so.

The easiest and most simple ways of leveraging positive customer sentiment is through testimonials. This is a two-part process that bridges marketing communications and customer relationship management. First, customer sentiment needs to be obtained and recorded. This can be done manually by visiting, calling or e-mailing your customers or automatically by using a CRM system with e-mail capability (which most have). Side bonus: proactive engagement of your scientist-customers by your support team to see how they like your products and if they have any feedback or issues frequently improves their opinion of your customer service and support. Praise can then be used in testimonials – most useful on your website, in e-mail marketing, and in social media marketing, but sometimes usable in more traditional digital and print advertising. While the influence of unknown scientists will be less than that of known colleagues, properly used testimonials can still go a long way in earning the trust of life scientists. Feel free to get creative with testimonials as well. Audio and video testimonials, while far more difficult to convince users to send (there are techniques to overcome this), will provide a more tangible and humanized testimonial and have a greater impact.

Another way you can “stretch” word-of-mouth marketing is by using highly satisfied customers as references. If a sale is becoming difficult, having the prospective customer speak directly to a satisfied current customer can be a highly valuable process. Referrals also tend to be self-replicating, as those customers who have requested or been put in touch with a referring customer prior to purchase will very often agree to be used as referrals themselves (so long as they are satisfied with the product, of course).

There are other ways of leveraging customer sentiments in marketing, and even ways of leveraging the sentiment of scientists who aren’t yet customers in order to generate high-value marketing materials. Such non-customer scientists are often wholly impartial, and techniques that generate marketing materials from their sentiment can be some of the most high-value marketing material for a life science company.

While the structure of the life science research landscape often prevents the fluid and open communication necessary for word-of-mouth marketing or scientist-to-scientist referrals to be effective as a stand-alone marketing tool, there are plenty of things a company can do to use positive customer sentiment and product / brand evangelists. Such means can provide a significant boost to marketing efforts across many channels, and customer sentiment should be obtained and used in order to realize this improved marketing effectiveness.

"Is your life science marketing not as effective as you would like? Would you like help capturing and using customer sentiment to improve your marketing materials, marketing ROI, and sales effectiveness? BioBM can implement simple, cost-effective, and rapidly deployed solutions that will have you fully leveraging customer sentiment (for marketing and other uses) and reaping the benefits. Contact us today and we’ll discuss your situation and how we can help."
Blog / Marketing Communications 4:16 pm , July 26, 2011

Avoid Cheap Catch Phrases

Carlton Hoyt 2:27 pm , July 19, 2011

I just was on a life science tools company’s website (not a clients’, and the company will remain anonymous) and this company seemed to describe every one of their products as an “industry standard” in the first sentence. This pains me.

Scientists aren’t stupid. Catch phrases like “industry standard” or “market leader” are readily identifiable and dismissed by a generally intelligent and analytically-minded scientific audience. Such statements also don’t provide any of the information that customers are looking for. If your product really is an industry standard or is a market leader, don’t just state it and expect them to take your word for it. Explain it. Say “more researchers use X than any other product for [purpose]”. It’s a stronger, more definitive statement that at least looks like you’re attempting to provide meaningful information. Just stay away from the cheap catch phrases, especially if you can’t back them up.

Blog / Marketing Communications 2:27 pm , July 19, 2011