12/19/2023
Balancing technology with an immersive understanding of the market is key to staying ahead in the competitive landscape, according to James Dorn, John Gunderson and Jim Perdue. The combination of digital and traditional marketing, along with a focus on fundamentals, forms the foundation for high-performance marketing teams.
Watch the full conversation 'Channel Marketing Beyond the Basics: Best Practices for Driving Revenue and Profits': https://buff.ly/3Nsm6cT
KEY TAKEAWAYS:
FIELD WORK IS ESSENTIAL
- Marketers need to engage in field work and conversations with sales teams, agents, and buyers.
- Understanding the market nuances is crucial for success.
IMMERSIVE PROCESS YIELDS SUCCESS
- Success in marketing requires an immersive process.
- The best marketing teams succeed by being deeply involved in the market.
EVALUATE AND PREFER STRONG PROGRAMS
- Manufacturers with better programs should be given preference.
- Evaluating assets and frequent customer engagement lead to increased sales.
BACK TO BASICS
- Recent trends show a return to basics in channel marketing.
- Investment in upgrading Product Information Management (PIM), Digital Asset Management (DAM), and content is crucial.
DATA SUPERCHARGES MARKETING EFFORTS
- Leverage data and technology for a more seamless marketing experience.
- Exchange data on customer segments, top-moving products, and sales prospects to supercharge marketing efforts.
BALANCING DIGITAL AND TRADITIONAL MARKETING
- While digital is important, align programs with end-user pain points for tangible results.
- Balancing digital efforts with traditional marketing is vital for success.
IMPROVE COMMUNICATION AND DATA EXCHANGE
- Utilize digital and data for more direct communication.
- Break down barriers for exchanging data between distributors, manufacturers, and end customers.
SUPPORTING DIRECT SALES TEAMS
- Marketers should support and understand the challenges faced by the direct sales team.
- Involvement with the sales team provides valuable insights for marketers.
BUILD PROGRAMS AROUND DATA INSIGHTS
- Overlay manufacturer data with existing data points to build effective programs.
- Building programs that align with data insights is a key strategy.
FIELD EXPERIENCE ENHANCES MARKETING
- Marketers learn valuable insights by supporting direct sales teams in the field.
- Field experience contributes to creating more effective marketing strategies.