Sway
eBook - ePub

Sway

Implement the G.R.I.T. Marketing Method to Gain Influence and Drive Corporate Strategy

Christina Del Villar

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  2. English
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eBook - ePub

Sway

Implement the G.R.I.T. Marketing Method to Gain Influence and Drive Corporate Strategy

Christina Del Villar

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About This Book

Gain Influence and Deliver Results

Sway turns marketing professionals into powerhouses by showing them how to build a strategic framework that enables greater proficiency and leads to growing levels of influence. This framework is the G.R.I.T. Marketing Method created by Christina Del Villar.

By looking at marketing from the go-to-market strategy perspective, G.R.I.T. goes beyond the basics to illustrate how marketing professionals can successfully influence this strategy based on overall corporate goals. Readers will learn how to align the go-to-market strategy, customer journey, and marketing strategy. From there, they will learn how to build a Map of Influence that identifies all the ways they can make an impact. These strategies and tactics help marketing professionals deploy more effective, impactful programs and develop smarter campaigns that significantly increase profitability for their company.

With G.R.I.T. (and a dose of sparkle), Sway provides a platform to empower marketing professionals to have more influence, be more effective, add value, and show their impact. This platform helps them become indispensable, driving success at higher and higher levels. And who wouldn't want that?

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Information

Year
2021
ISBN
9781736028339
Subtopic
Marketing

CHAPTER 1

“This Is Your Life”

Over the past thirty years as a marketing professional, I have seen a lot—in various stages of good, bad, and ugly. At this point, I have enough content to create a ten-season sitcom called Silicon Valley: Marketlandia. Or, at minimum, a book or two.
I’ve seen advances in technology that make it easier for marketing professionals to do their job and measure results. I’ve seen new types of marketing programs and channels pop up out of our innovation and desire to provide value. I’ve seen new areas of focus emerge—such as content marketing, customer marketing (what a novel concept), and growth marketing—while entire channels become obsolete or shift to survive. And I’ve seen marketing roles and professionals transform.
It’s been a wild ride. But through it all, one thing has remained consistent: Marketing and marketing professionals are still misunderstood, undervalued, and considered nonessential instead of recognized as the backbone of the company we are. I sometimes feel as if we’re invisible. Marketing organizations are thought of as a cost center, not a revenue center, so their budgets are often the first to get cut when companies become concerned about hitting revenue targets and meeting goals. We as marketing professionals are often some of the first to get laid off when downturns occur.
Let’s face it: In the words of P!nk, we are “mistreated, misplaced, misunderstood.” And frankly, it’s sad.
But it doesn’t have to be this way. It is up to marketing professionals, mavens, and gurus to help sway the rest of the organization—the executives, our managers, our manager’s manager, the board, the world at large, heck, even our own parents—into understanding the value we bring to a company and its overall performance. We need to show the significance of our roles, our programs, and our organizations, as well as our impact. Marketing professionals need to make clear that the marketing organization not only is a revenue center but should be thought of as the Revenue Knowledge Center—the one-stop shop where everyone can turn to figure out how the company will meet its revenue targets, where the company is on those goals, and options to implement if the company is behind. In other words, marketing professionals know what it will take to grow the company twofold, fivefold, or even tenfold, and we can guide the company there. Marketers are nimble, smart, and adaptable, even when overwhelmed and under extraordinary circumstances.
In an effort to help marketing professionals become more effective and empowered, grow trust and influence within their organization, be truly impactful, and sway the naysayers, I developed the G.R.I.T. Marketing Method™. This is the framework I have used successfully for decades with individuals and companies. Applying this methodology will help you show others you are an amazing marketing professional full of grit and a lot more.
In these pages, you will learn how to have greater influence and strategic visibility in your company, establish the importance of marketing, demonstrate the value and impact you bring using data (not a bad word), build trust with executives, and develop a plan to boost revenue growth. By the end of this book, you will have the tools you need, and feel empowered, to establish yourself as a thought leader in your company—so that you’ll never have to worry about your job again.
But first, I want to explore the current issues we face as marketing professionals, how we got here, and what things could look like when marketers are truly valued—and how we can get there.
CURRENT STATE — THE DARK AGES
Several factors hinder the overall success of marketing organizations and marketing professionals. The first is that—let’s face it—we are completely misunderstood, by our executives and company leaders as well as our company at large. (No, we don’t just make cute T-shirts and plan cocktail parties.) In addition, we often do not have enough—or the right—data to show the value we bring. And finally, sadly, marketing is seen as nonessential or not seen at all. Marketing and marketing professionals are often invisible. But while I did just paint a pretty bleak picture, all hope is not lost. Once we recognize the problem, we’ll be able to either solve it or find a work-around. ’Cause that’s what marketing professionals do! We solve problems. We fix things. We get shit done.
Misunderstood
It’s one thing to say, “Executives just don’t get us,” but it’s another to understand it. Why don’t they get us? Are they just dumb? I don’t think so. I think there are several factors at play.
But first, a story. A story I like to call “17,000 leads, please.” #storyofmylife
I was once in a board meeting where the topic was how much money to invest in marketing programs and my team. I went into the meeting with solid go-to-market strategy, clearly showing our lead-generation programs, conversions, and estimated revenue numbers, and the corresponding budget we would need to implement the plan. I generally work backward from the revenue goals to determine which programs we should invest in based on their return on investment (ROI), conversion, and time and ease to close. To be honest, I was pretty pleased with what I had developed. Not cocky, just sure of myself and the plan.
Imagine my surprise when one of the board members cut off my presentation very early on with a sweeping hand (I might be embellishing here—but that’s how I remember it) and said, “We need you to bring in 17,000 leads!” Um, okay. What exactly do you mean? “You need to go find 17,000 leads. Yep, that’s what we need.”
My first reaction? Put in your own eye-rolling-dumbfoundedlook-string-of-cuss-words-ending-with-a-sigh combo, and you’ll get the idea.
What I wanted to say was “Did you hear anything I just said? Did you see my amazing funnel slide showing you what we need, how we will get there, and the result it will likely bring? 17,000? Did you pull that number out of your, um, head?”
I actually said (potentially with a wee bit of snark), “I can get us 17,000 leads today, by buying a list. And it will cost us $6,000. But they will be shit leads that will need to be nurtured for a long time, will convert poorly, and will cause our sales team to pretty much hate marketing.” (Pro tip: In general, I do advise a more delicate approach when calling out your board members.)
What the board had asked for was vastly different from what I had presented to them. As pleased as I was with what I’d put together, I had gone into the meeting unprepared for what they were expecting. I failed to understand what they were looking for, I didn’t understand where they were coming from, and I lacked empathy for what they were dealing with. In the case of the “17,000 leads, please” example, we ultimately made some progress in a follow-up conversation with the sales team and some board members. I shared our current definition of a true lead, and together we all agreed on that definition. That way, the next time I shared information about our lead count and status, we would be on the same page. And when the board made future requests, they did so with a clearer understanding of their ask. We also spent some time defining and agreeing on what our targets and company goals really were (revenue versus a random number of questionable leads). Finally, we established how marketing would enable sales to sell better, with content, scripts, and more sales training.
It’s super easy for us to get annoyed with executives, leaders, and board members and say, “They don’t get us.” And I mean, they usually don’t. But we also have to ask: Do we really get them?
First off, executives are incredibly busy people, with full schedules. They’re focused on the bigger picture (i.e., everything that is going on in the company), as they should be. And unlike us, marketing is not their day job. They do not have the luxury of thinking about marketing 24/7 like we do (you know you do). And company executives are likely not as passionate about marketing as marketing professionals are. Think about a small business owner who owns a dog biscuit bakery (don’t ask, just go with it). This owner is passionate about bringing wholesome, quality natural dog biscuits to all of our furry friends. Do you think they got into the business of making dog biscuits because they love marketing (or accounting, or even shipping)? I’m guessing not.
While some executives are passionate about marketing, even these rare breeds have a whole slew of other things to focus on. While we as marketing professionals are focused on a specific demand-gen program, they are focused on the entirety of the company, its success, and its survival or growth. Marketing is just one (albeit big) piece of the puzzle, and marketing professionals need to help executives understand where we fit into the overall company strategy.
What marketing professionals need to understand is that the data and results we think are cool and amazing (and totally nerd out on) might be less exciting and useful to executives. And because marketers are essentially storytellers, we may be taking too long to get to the punch line. We like to have an introduction, explain our thesis (with pretty graphics), lay the groundwork, postulate a bit, and build some momentum and excitement for the big reveal. Have I lost you yet? Well, now put yourself in the shoes of someone who doesn’t have a lot of time and just wants the punch line. Marketers either need to adjust what we present or help others better understand why we choose this data to look at. Don’t worry, I have a whole chapter on how to do this. But it’s coming later, after I lay the groundwork. (Just trying to build momentum and excitement for the big reveal.)
Data Is Your Frenemy
Next, let’s consider the data itself. If you are like most marketing professionals, data, not sales, is your nemesis. You usually (1) don’t have any, (2) don’t have enough, (3) don’t have the right kind—that is, quality data, (4) have it, but don’t have the tools or people to analyze it, (5) can’t find it (a personal favorite), and so on and so forth. You get the point. For marketing professionals, good, quality data is more elusive than Bigfoot.
I remember starting a job at a new company once (but really, this has happened at almost every company I’ve been at). I was going to be responsible for spinning up the go-to-market and marketing programs for reaching a new channel and new, different target market the company wanted to penetrate. During the interview process, I had specifically asked about any leads, programs, systems, and tools in place. It sounded like nirvana, based on the interviewer. “Oh, yeah, for sure, we’ve got leads. We just don’t know what to do with them. We’ve got Marketo, SFDC, and as much coffee and smoothies as you can drink.” Sounded too good to be true. That should have been my tip-off.
What I pictured was a well-thought-out marketing and lead workflow that carried across the entire customer journey—systems and mechanics in place for a seamless experience, and automation everywhere. Everything in its perfect little place. Lead-workflow nirvana. Something a little like this:
images
Lead Lifecycle Nirvana
I accepted the job with much glee.
Wow. The honeymoon did not last long. What I came to find with the systems, workflows, leads, data, and more was a complete clusterfuck.
All oh-so pretty on the outside, but everything was totally useless once I dug into it. There were no lead sources, so I had no information on how programs performed and what their potential was. There was no industry (professional services, food and beverage, government) or title (CFO, accountant, finance manager) information included, so I couldn’t segment the list accordingly or build an effective contactmanagement strategy. And as these were small to mid-size company leads, I couldn’t easily have them appended through a data or email appending service like Dun & Bradstreet. With a lot of the leads—are you ready for this?—the prospect’s name hadn’t even been collected, just their email address. So much for personalization. To be fair, there was a lead-scoring mechanism in place, but it was ineffective because the information was disastrously incomplete (garbage in = garbage out). If you are reading this section and it doesn’t resonate with you, consider yourself lucky, or a unicorn, and you can skip the chapters on measurement and intention. But I’m guessing you are either laughing or crying right now, glad you’re not the only one whose data is a shit-show. So please, read on.
In my example about the board meeting, it was me not telling the right story; in this case, it’s the data that isn’t telling the right story, to the right people, at the right time. It’s similar to a product manager who comes into a new company and finds that the product code on the back end has been jerry-rigged together for years. Marketing professionals are in the same boat. We are inheriting systems that have been duct-taped together over the years. During this time, workflows have changed, marketing programs have changed, and buyer behavior has changed, but systems and workflows were never updated to reflect any of this. For example, why bother attaching a score to a product feature that is no longer available? Let’s just say, you shouldn’t.
Also, let’s face it, beautiful data is expensive. The systems you need aren’t cheap. You need to continually update the flows and monitor everything closely. It’s a bit of a catch-22 for marketing professionals. We need data to show our value to get funds to build a better data machine.
While having good, clean, beautiful data is costly, it is exponentially more expensive to have bad data. Not only is bad data costly to your company; it does nothing to help you show the results, the impact, and your value, because you either don’t have the correct data to pull from or no one believes the data. Bad data also does not help you make good recommendations on where to invest (or divest). Google “bad marketing data” and check out the results. One article estimates that poor “marketing” data costs online businesses alone $611 billion a year. That’s a b for billion. Imagine if you were able to save your company millions by having good data, and bring in millions more in revenue with better data-driven strategy and programs. Data should be at the forefront of every decision you make as a marketing professional, yet you often can’t find it or trust it. Inaccurate, incomplete, outdated, and entirely absent data is your enemy.
So what happened in that great new job I took? Did I find the magical, mysterious, amazing unicorn leads? Was I able to accurately project our revenue based on the success and ROI of our programs? Could I say with certainty what our conversion from marketingqualified lead (MQL) to sales-qualified lead (SQL) to closed-win rate was? Did I find the coffee and smoothies? No, no, no, and yes. After doing an audit of the data, leads, tools, and systems, I decided to scrap two-thirds of the database. I then rebuilt the workflows and scoring and updated our systems (we’ll get into the MarTech stack in a later chapter). I added more fields on forms (you know, things like “name” and “company”), and with the marketing automation system I had in place, I set up progressive forms so we weren’t asking for the same information over and over again from repeat visitors. Instead, we progressively asked for more information. Eventually, I was able to leverage the data to more accurately show results and impact, and make better decisions that helped the company grow. But that took time. Almost a year, to be inexact.
The Invisible Corps
Now let’s talk about us, the marketing professionals. As much as it hurts me to say this, most people think of marketing as nonessential. My goal here isn’t to make you feel like crap. But if we as marketing professionals don’t know where we’re starting from in terms of how people in companies view us, and why (which I’ll cover in the next chapter), it will be hard to rise above it. I promise you, though, there is hope.
What do I mean by nonessential? In this context, I mean that others in the organization don’t know what we do, don’t understand the value we bring, and think their corporate world would still chug along pretty darn well if marketing suddenly didn’t show up. If you look up nonessential in the dictionary (which of cou...

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