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By Marc Hausman President and CEO Strategic Communications Group, Inc.
Part One of a Two-Part Series
Every successful business starts with a plan that details where
the company expects to be in three to five years in terms of revenue,
and broadly touches on how it will get there.
An articulated communications strategy can help support your company's
efforts in meeting the goals of its business plan. A communications
strategy, including marketing and public relations, is responsible
for building the awareness and credibility that leads to sales needed
to reach those business objectives.
There are three basic ingredients to any successful communications
program - positioning, awareness, and third-party credibility (confirmation
of your company's claims and qualifications through press coverage,
customer/partner endorsements, and other outside support). Your
program should be strategically aligned with your business goals
to ensure that the right messages are reaching the right audiences.
Communication programs should not only focus on market influencers
such as the press and analyst communities. Those communities are
receptive to broader corporate messages. In addition, however, you'll
need to narrowly and specifically tailor your messages to key customer
and partner targets. At Strategic, we refer to the recipients of
broad messages as "macro-targets" and the recipients of
narrow messages as "micro-targets."
In the first part of this two-part series on filling your business
development pipeline, we will discuss how to present your key targets
with information that is geared specifically to them. We'll look
at the specific needs of macro- and micro-targets separately.
Macro-targeting
Macro-targeting is the approach to business communications with
which most people are familiar. Macro-targets are media, analysts
and other broadly-based market influencers who can validate your
business model and enable you to generate a high level of awareness
for your company. This in turn confers on your business the important
third-party credibility that comes through coverage of your messages
in various publishing outlets (magazines, analyst reports, briefings,
etc.).
Establishing a positive reputation in the market is the first step
to generating sales leads. Remember, the goal with macro-targeting
is to build confidence in your company, making it easier to get
in the door with sales prospects, partners, etc. The fact of the
matter is, people do business with people they know and trust.
Keep in mind that messages targeted toward the media and analyst
communities may be too broad for the specific contacts that form
your business development target base. The media and analysts are
typically looking for trend analysis, instructional overviews or
hard news announcements with a short shelf life. When you get to
the point of looking for an introduction to a specific business
entity for the purpose of developing partnerships, prospecting for
customers or seeking investment, that's when you need to add micro-targeting
to your corporate messaging and positioning strategy.
Micro-targeting
Micro-targeting is the strategy you take when you want to focus
on specific people, companies and organizations that can more immediately
affect revenue enhancement and your overall success. This more sophisticated
level of business communication enables your company to go beyond
high-level messaging and provide information of importance to a
focused target audience with the goal of opening the door to facilitate
business meetings.
All businesses thrive on capital, customers and partners. These
three things drive revenue. That's when micro-targeted messages
become essential. Micro-targeted messages answer the question "why?":
Why invest in us? Why buy from us? Why work together? Develop messages
that show specific synergies between your company and the target
audience in question. That means taking the macro-level messaging
you may use for public relations purposes and concentrate it for
the narrow segment of prospects that will help you drive your company's
revenues.
The important thing to keep in mind is that you have to use macro-targeted
and micro-targeted communications together. If you work with a public
relations agency to help generate media placements, they have already
helped you with your macro-targeting.
Your agency may also have access to people in the business community
that can help you meet your capital, customer and partnership goals.
Getting to the meeting stage with those people requires close cooperation
with your agency in getting the micro-targeted messaging right.
Let's face it, a prospective client or partner is more likely to
meet based on a recommendation from someone they know as opposed
to a cold call. And your agency in all likelihood knows what type
of message resonates best with the goals of the companies in its
network that you'd most like to reach.
Context is everything. Contextualize your business proposition
with what you know of your prospect's business. Reaching the media
with macro-level messages gives you general credibility, and delivering
your PR results to your sales prospects on an ongoing basis gives
weight to your micro-targeted messages.
So remember, establishing your communications program with both
macro and micro-targeting components will be most successful when
you can relate your messages directly to your audiences (broad or
specific).
In Part Two of this series, we'll look at what you need to do to
prepare for the best possible outcome once you've set a meeting
using micro-targeted messages.
Marc Hausman is president and CEO of Strategic Communications Group,
Inc. (Strategic), a public relations agency that enables its clients
to increase revenue through comprehensive communications programs,
and access to the Strategic Network of Relationships. Contact
Marc at mhausman@gotostrategic.com.
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