February 2023 - Rottman Creative

Test time! Which of these statements is true?

Marketing campaigns should be data-driven.

Marketing campaigns should be story-driven.

We’ve debated, gone all-in on one and then the other, and here we are again. In this particular moment in time, data on one side, stories on the other, seemingly a chasm between them.

It’s time to close the chasm. To blend the science of conversion with the art of storytelling.

But how did the divide between narrative and numbers come to be? Where did we get the false assertion that we needed to cleave to one or the other?

In addition to being an agency committed to using a data-driven process for our clients, we’re also in the business of storytelling. That’s why we’ve thought a lot about the danger of de-prioritizing one for the other.

There’s been an evolution of how associations use stories and data in their go-to-market strategies. It’s never been more important to understand how to blend them. But to fully grasp the potential of this moment, we need to trace where we’ve been.

When Storytelling Saved the Day

With the Global Financial Crisis that swept across multiple industries in 2008, marketers saw the writing on the wall. Non-essential things were getting cut. Belts were tightening.

To release the purse strings, to move out of a mindset of scarcity, people needed something more. They needed to be inspired.

Having released the first iPhone the year before, that’s exactly what Apple was doing. They were spinning a story about a product that nobody had any idea they needed, even as the economy all around was teetering.

A few years later, marketing guru Simon Sinek wrote a book called Start With Why, based, in large part, on noticing the way Apple was able to captivate and reinvent itself through the decades. People don’t buy WHAT you do, they buy WHY you do it, he wrote.

This wasn’t a new idea, but it was the right idea at the right time, and it re-ignited the power of brand storytelling. Just about every marketing firm jumped on the story bandwagon. Inspiration was the name of the game.

We lived it, too, and we helped our clients create campaigns meant to inspire. As Millennials began to come of age, with their focus on mission-driven organizations, the storytelling frenzy only grew stronger. It was about authenticity and creating deep connection.

And Then the World Started to Shift

As social media increasingly muddied the waters of authenticity, storytelling started to feel too fanciful for a world grappling with what was true and what was fake. There was a pandemic and another economic crisis, but this time, it was data that seemed to be the savior.

What can you measure? What can you track? What can you see? It was the metrics that mattered, that would cut through the white noise and distraction.

Now, we’re slowly emerging from that epicenter of fear, but the landscape is different again. We’re forced to be constantly connected—and yet, we’re wholly disconnected from each other. We’re also distrustful.

Do we need stories? Do we need data?

Yes and yes.

But what we really need is discernment about how the two are connected.

The New, Data-Driven Storytelling

What we know now about storytelling is that it’s more trial and error than it is magic. Simon Sinek wasn’t wrong when he said that people connect with WHY an organization exists, more than the particulars of WHAT they do.

But it takes a lot of work to know what stories to tell around that WHY. It takes careful measurement to know which stories, told which ways, will convert people. And more than anything, in today’s environment, it takes building trust.

Finding the right story to tell can build that trust and inspire members and prospects to take action. But you can only find it if you know how to measure and track.

When we talk about brand storytelling now, what we’re really talking about is conversion.

We’d love to hear how you’ve used storytelling in the past, and how you plan to use it going forward.

Share this post in LinkedIn:

NOT ANOTHER SNOOZELETTER.

New Year, Old Database? You’re Going to Have Some Problems

Why Targeting SMALL Companies is the BIG Idea You Need Now

More people quit their jobs in 2021 than in any year since 2001. While it leveled off a bit in 2022, the trend isn’t over. Some call it The Great Resignation. Others prefer The Great Reshuffle.

You can call it whatever you want. But one thing is clear: It’s likely degraded the quality of your database.

Those emails your association is sending? A huge percentage are going into a void, because so many of your brightest prospects have simply moved on. Prospect lists that may have been in peak condition in early 2020 are now antiquated, an artifact of data decay.

Oh, you say, but email forwards! Sure, emails get forwarded. Sometimes. Do you want to hinge your event on it?

How Bad is the Database Decay Problem for Associations?

Prospect databases naturally decay each year from your run-of-the-mill turnover. But the past three years have been anything but run-of-the-mill. We’ve seen estimates as high as 70% for B2B database decay rates.

Meeting planners know it’s happening. But associations? Too many haven’t opened their eyes. You know that you’re not getting the response rate you want, but you’ve chalked it up to Covid-19. And it IS related to that. But it’s related to a facet that we’re only now beginning to understand.

Some telltale signs that you have a prospect database problem:

You’re not getting the response you used to for offerings like webinars.
Your open rate has plummeted.
The only real engagement you’re getting is from members.

How to Stop Emailing Fake People and Reach New Prospects

First, you have to clean your data. Your software can help you do this.

That’s actually the easy part.

The harder part is figuring out how to engage a fresh crop of prospects. It can feel like starting over. And while that sounds daunting, it’s an opportunity.

Taking a fresh approach is how we helped a large global legal association increase their prospects by 56% between 2021 and 2022—while cutting the cost-per-prospect by nearly a third.

It’s also how we helped a large staffing association get their most conference attendees ever in 2022.

As you build your new database, we have a few tips for reaching and converting these new prospects.

Switch from content marketing to people marketing: If traditional content marketing is about volume, people marketing is about thinking like a prospect. You market to others how you want to be marketed to, and you avoid the things that annoy people. (Learn more about what it means to switch to people marketing.)

Do a content audit: With your people marketing frame of mind, look at the content you currently have, and ask yourself if it’s any good. By good, we mean does it tell a story? Does it inspire trust? Does it identify your value prospect at a glance? Ask yourself if the piece of content would be worth your time, and if not, toss it from the lead gen pile. (Learn more about the danger of wasting your prospect’s time.)

Refresh and repackage the content worth keeping: Can you create a webinar from an article that performed well on social? Build a resiliency toolkit from a series of blog posts? Develop a series of success stories from testimonials? Put together a preview of your event so that prospects understand what it’s like to actually be there?

Don’t Use That Outdated Campaign Strategy on Your New Database

There’s an old saying among gardeners: Don’t dig a fifty-cent hole for a $5 plant. In other words, don’t bother putting your expensive plant in cheap, nutrient-lacking soil.

Likewise, a fresh, clean database won’t do you any good if you put it in poor soil. It’s worth investing to make sure you are getting the most from that prospect list.

You need a branded, fully-automated, data-driven campaign. We’re talking about an intelligent, go-to-market plan that’s integrated across all touchpoints. In other words, a campaign that meets your prospects where they are, and responds to what they do.

Not sure what one of these plans looks like? Contact us and we’d be happy to show you.

Share this post in LinkedIn:

NOT ANOTHER SNOOZELETTER.