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Thought Leadership Strategies Are Crucial For Startups And Disruptors

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The first-to-market companies who see a problem or need and develop tech to expertly solve it, aren’t always the ones that win in the marketplace. Why? Because they often are so focused on doing the good work that they miss the opportunity to broadcast their success to the world. They fail to achieve recognition and get the credit they are due as first-movers and capture mindshare, while others flood the market with similar technology, bigger budgets and gain market share.

That’s why thought leadership marketing and communications strategies are crucial to startups and first-to-market disruptors to give a startup street cred and drive online awareness in the marketplace.

Thought leadership will continue to be crucial strategy in the B2B tech space. It’s a go-to strategy anytime technology is transforming, modernizing and disrupting. This is happening in a lot of industries right now — especially in healthcare — where the pandemic has ignited long-overdue, massive digital transformation, from the back office to the OR and to connective home care to life sciences. 

In working with a range of healthcare tech companies from startups to publicly traded entities, our recommended thought leadership campaigns include strategies to drive credibility and massive awareness with targeted audiences and the general public. Campaigns typically include strategic news/content, analyst relations, collaborations, awards, high-profile speaking engagements and, of course, focused efforts to secure earned media coverage for client thought leaders and subject matter experts through interviews, podcasts, webinars, and contributed byline articles.

Many of our clients have seen a white space opportunity — such as a chronic challenge in healthcare — and have solved it with tech. That’s leadership! Creating thought leaders within the client organizations who can share their expertise, amplify and broadcast their solution stories, and even help other peers by sharing their learning, is powerful.

Here are some thought leadership strategy tips to consider:

Analyst Relations

We all know these firms by name – Gartner, IDC, Forrester, CBInsights, Frost & Sullivan, KLAS, and Constellation Research, among many others. They provide consultative services and publish helpful reports that are distributed to their paid client base to help organizations understand the latest technology solutions, where and why to apply these solutions, who the tech vendors are, how they stack up and who to consider in a technology purchase decision. The job of industry analyst is challenging – they have to stay on top of all the many players in several niche areas, even as new players pop up every nanosecond.

  • Tip #1: analysts and their teams take introductory briefing calls to get to know new vendors, which is a smart first step to being included in an upcoming report – earned analyst relations (AR) exposure. 
  • Tip #2: understand your prospects and which firms they rely on the most as analyst firms can play niche roles.  For example, KLAS is among the top trusted resource in healthcare!

Collaborations

As consumers, we see these regularly in the mass market. Right now the hottest collaborations include Cheetos and Kentucky Fried Chicken…Sharpie and Nike…Lego and the streaming series Stranger Things. The formula behind this idea is 1 plus 1 equal more than the sum of the parts, and that brands and businesses can borrow the credibility and equity of each other, shape an exciting and creative story, capture media attention and drive awareness and buzz.

That principle holds true in B2B marketing and communications too. Beyond the obvious – a vendor and a client coming together to tell their success story — we’ve seen creative forces come together for webinars, high-profile speaking engagements and social media and PR campaigns. One of the best examples was in 2011 when Ford and Toyota – two thought leaders in the newly disruptive automotive tech space – teamed up to innovate on hybrid cars.  In healthcare, two thought leaders in a specific movement, say value-based care and AI tech — that aren’t in direct competition for the same geography or niche application space, could join forces to help drive the change. Again, 1+1=3!

  • Tip #1: be creative and look for alignment to execute a mutually beneficial, cohesive collaboration and together tell a powerful industry-changing story.
  • Tip #2: if you come together for a webinar or speaking engagement, don’t stop there! Be sure to repurpose that high-value content, maximizing it across as many paid, earned, social, and owned (PESO) channels as possible. So drawing from the webinar content, consider doing a co-bylined blog post or contributed article, an exclusive co-interview with a media outlet, and social posts tagging each other.

Recognition

Submit your thought leadership work for awards which are not only feel-good recognition for the team, but also lend credibility and generate earned coverage and online buzz. Awards from prestigious organizations like Inc., Fortune, CNN, Forbes and Fast Company and industry-specific awards from the likes of Modern Healthcare or Fierce Healthcare offer high-profile cache and elevate a company’s brand.

  • Tip #1: tell a story in your award application in a way that people will enjoy reading. Recently creating application content, I ran into a question – describe your company to a Martian – which I thought was a stellar approach to demystify the company’s technology story. It forced us to tell the story in new ways and that content made its way back into other channels like the website, sales collateral and more.
  • Tip #2: showcase real-world impact, especially with data, stats and metrics, to round out your application story.

As long as technology continues to advance – AI, ML, VR, G5/6G and more – and startups keep disrupting industries, thought leadership strategies will be an integral part of any successful PR program. From what we can tell, that’s not easing up any time soon.

Employee Brand Advocacy: Why Your Brand Needs It & 3 Steps To Get Started

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Brand advocacy is not a new idea, but many brands are still lacking the momentum behind it. As we move into 2023, brand advocacy should be a vital part of your marketing strategy. In fact, according to Edelman Trust Barometer, employee advocacy-related leads converted seven times more often than other types of leads.

At Amendola, we recently had an employee contest to incentive staff to invite friends to “follow” our company page on LinkedIn. This simple, short, three-week campaign proved to be effective and resulted in a 33% increase to our LinkedIn engagements and a net follower growth of 850%. If this alone isn’t enough reason to jump on the employee advocacy band wagon, here are a few more stats that might convince you:

Many of us have heard the Richard Branson phrase, “Take care of your employees, they will take care of your clients.” When you have employees who are passionate about the company they work for, it’s obvious to outsiders, especially when the employees are active on social media. Organizations in that position have a large, targeted audience that could and should be leveraged.

Your social media and PR strategy should be intertwined, as should your approach to brand advocacy. As you are planning for 2023, find ways to leverage your employees’ networks as part of your marketing efforts. LinkedIn is uniquely positioned for B2B, has a large reach and is a great place to post and find thought leadership. Here are three easy steps to jump-start your efforts, get your employees set up and engaged (or re-engaged) on LinkedIn, and build or amplify your brand.

1: Encourage your employees do a LinkedIn makeover: Provide them with a correctly sized company branded cover photo that they can add to their profile (and make sure to provide updated images if you have a campaign you’re promoting.) Advise them to update their current job to reflect where they work, if they haven’t already. Suggest that they share details about what they do in their current position in the about section – or go one step further and provide them a few options for suggested copy to help get the creative juices flowing.

2: Kick off your advocacy campaign with a contest: Implementing a simple contest, such as sharing company posts, is more likely to get participation than a complicated multi-step process. As employees share posts with their own networks, the company’s posts will become visible in their newsfeeds and attract new views – and it’s likely than many of these new viewers are your target audience. To drive success, don’t forget to offer your employees a worthwhile prize!

3: Make it part of your marketing workflow: Share media hits, important news, and brand posts with staff with a simple link to the LinkedIn post. Alternatively, provide them with recommended copy they can post if they reshare a post. Take it one step further and ask them to “comment” on posts to move them up in the news feed. For any of your company thought leaders with larger, more targeted audiences, this should be a standard workflow any time you have a media hit or a post you’d like amplified.

Encouraging your thought leaders to be active on social can lead to an additional benefit: potential media interviews. Often reporters will search social media to identify thought leaders for interviews. Having an active and updated social media presence provides another layer of credibility for your thought leaders and brand.

The benefits of employee brand advocacy go far beyond boosting your marketing efforts. If you’ve tried to recruit in the last few years, you know just how valuable it is to retain talent. Having engaged employees is known to boost company culture, which leads to happier and more productive employees, and increased talent retention.

Have you started an employee brand advocacy program? If not, make it part of your 2023 plan and watch your social media channels grow.

COVID’s Impact On B2B Marketing And PR: Insights From Our Clients

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COVID-19’s impact on remote work, supply chains, and staffing has been well documented, but one area that hasn’t received much attention is the effect the pandemic has had on the marketing and public relations (PR) efforts of businesses. Insights gained from a survey of our clients’ 2022 B2B marketing and PR priorities show the pandemic is influencing several aspects of the marketing mix – from budgeting and brand awareness to lead generation and nurturing.

Building brand awareness is a primary challenge

We asked our clients to select their top three marketing and PR challenges from a list of nine commonly cited struggles. “Increasing brand awareness” topped the list, being selected as a top-three challenge by 67% of our customer base.

A contributing factor to this challenge may be ineffective use of marketing mediums. For example, the pandemic has caused many businesses to turn to social media for brand awareness, replacing more traditional branding outlets such as events and mass media. While this can be an effective strategy, it can also be risky. Leveraging social media for sociability’s sake won’t help build your brand. In addition to being engaging and compelling, social activity should closely align with your messaging and business objectives to reinforce brand consistency and drive results.

Thought leadership drives action

When asked what marketing and PR efforts would impact their success most in 2022, 53% of our clients responded with “participation in thought leadership opportunities,” topping other initiatives such as digital marketing (20%) and strategic planning (27%).

Research validates the importance of thought leadership to business success. According to data from Edelman, 55% of C-suite executives offered to provide their contact information to an organization after viewing thought leadership from the company, and 42 percent reached out to the organization to follow up on the material. In addition, nearly two-thirds of executives invited organizations to participate in a request for proposal after seeing its thought leadership.

With COVID, thought leadership is particularly sought after in healthcare. Businesses serving this space have an opportunity to gain mindshare and attract prospective customers by weighing in on pressing healthcare challenges and demonstrating how their solutions and services can address these issues. More on this topic can be found in our earlier blog, Why Thought Leadership Matters in Healthcare.

Leads stall at conversion phase

According to our clients, closing leads is their biggest marketing-related sales challenge. A convincing 53% of our clients said the bottom of the sales funnel (the Conversion & Purchasing phase) is where engagements frequently fizzle out.

A primary reason for this issue is an unbalanced mix of marketing messages and content. For example, many marketing efforts focus too heavily on the Awareness phase of the buyer’s journey (e.g. introducing specific pain points or problems, making prospects aware of potential solutions and associated benefits, etc.). Few businesses spend equal time and effort crafting strategies, messaging, and content for the downstream Evaluation and Conversion phases, resulting in leads stuck at the top of the sales funnel. More attention should be given to later phases of the buyer’s journey. Self-evaluation checklists, ROI calculators, and customer references/testimonials are examples of marketing pieces that can move buyers beyond Awareness and toward Conversion.

Lead generation takes priority

Even though brand awareness was identified as the most significant marketing/PR challenge, lead generation is the top marketing priority for 73% of our clients in 2022. COVID has placed new pressures on business sales efforts, causing many organizations to demand more leads to nurture in order to meet sales quotas.

B2B brands often treat brand-building and demand generation as two separate objectives with different budgets, but it is more effective to have one integrated approach through the whole marketing funnel. Considering branding and lead generation together leads to more consistent messaging and conversion success.

Events still viable marketing medium

When it comes to B2B marketing and PR outlets, COVID has likely had the biggest impact on events and trade shows, causing many to go virtual and others to be cancelled outright. You would think this disruption would sour business enthusiasm for industry events, but our clients indicate the opposite is true. In fact, 53% of our customers say they plan to budget more for events this year than they did before the pandemic.

In-person networking events have been sorely missed by healthcare vendors, who are eager to invest in and attend these conferences again in 2022. Prior to the pandemic, 24% of B2B marketing budgets were allocated to meetings, conferences, trade shows, and events, and there’s a good reason why. Meeting face-to-face sparks genuine, enduring connections. Events are where businesses often turn prospects into customers and customers into relationships and revenue.

It’s clear that COVID-19 has impacted traditional B2B marketing and PR approaches, particularly in the healthcare space. Adjusting to these changes requires a proactive strategy, a wider network of marketing content and channels, and an experienced partner to help you navigate unfamiliar terrain.

To Build Brand Loyalty And Be A Valued Partner, Join Your Customer’s Mission

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Are you talking at your customers, or are you speaking their language and partnering on their mission? This is a question that every marketer, communicator and sales team member should be asking regularly.

We all have some level of brand loyalty in our lives. For me, those brands are Nike, Honda, Jersey Mike’s, Apple, Aurora Health Care and The Wall Street Journal. My allegiance to those brands is based on quality, style, company mission, customer service, product consistency, availability and ethical business practices (there was a time when I liked Volkswagen – they ruined that).

But more importantly, those brands align with what I am striving to accomplish in my life as a father, husband, professional, coach, and member of society.

I’m sure you have a similar list of your own.                                                                                                                                      

The same is true in the B2B space and we frequently see this in the vendor space. A simple example is the technology brands that a company buys for its employees. One business is an Apple buyer, another HP, and yet another swears by Lenovo. And yet computers can largely all run the same software – it’s the set up and components inside the devices that slightly differ. Logically when the devices can all do the same thing, this would seem like an ideal scenario to purchase based on price or recent quality achievements–but the B2B brand loyalty remains.

So how do you establish this level of brand loyalty with B2B customers? How can you be “sticky” when your competition is providing a very similar product?

You need to be more than a vendor. You need to demonstrate that you are an ally on their mission.

Let’s consider a healthcare technology vendor – pick one, there are plenty. They’re solving for the difficult problems in healthcare, like access to mental health services, providing telehealth services, building an improved billing platform, managing opioid prescribing, simplifying decentralized clinical trials….and the list goes on. And this is what their team concentrates on every single day.

But you know what? These solutions are only a small piece of what healthcare providers are concentrating on. The industry has three or four vendor competitors solving for the same problem. And they all tout similar features, such as integrations with big EHR providers like Epic and Cerner. As much as the tech vendor is going to point to a certain feature or new rating, the healthcare provider would rather move on to bigger issues.  

And that’s where the opportunity lies: the customer’s bigger mission.

Newsflash – every healthcare provider has a similar objective and a mission statement along the lines of: ‘provide healthcare services that help individuals, families, and communities live longer and healthier lives.’

Now, if you want to be the healthcare provider’s long-term partner or ally, guess what they want you to help them accomplish? Hint: it’s not just integration with an EHR or tracking how many opioids have been prescribed.

If you want to be a provider’s valued partner, you must demonstrate how your solution will help them achieve their mission of saving lives and creating healthier populations.

If your solution is designed to solve for challenges in the mental health space, for example, an everyday vendor will demonstrate how their solution tracks a patient through their care and identifies patients at risk for pharmaceutical addiction.

But a valued partner is going to do those things, plus help track patients as they navigate multiple care providers and the justice system. The valued partner will demonstrate how their solution is improving care adoption for patients battling anxiety and depression. The ultimate outcome of a valued partner’s relationship will focus on improved community care statistics, decreasing arrest rates, and an overall healthier community.

As a health IT vendor seeking to align with a healthcare provider, communicating your story is critical and requires distinguishing yourself and your offering as a partner:

  1. Create a core narrative that explains how your brand is advancing overall industry mission priorities. Use this content internally and externally to drive your brand message. Refine and update this message on a quarterly basis.
  2. Leverage your core narrative to create thought leadership content. These new pieces of content can be leveraged in the press, distributed through your marketing nurture campaigns, posted as core blog content, drive your social media efforts, and sales teams can share this content widely with prospects and clients.
  3. Empower a leader as the owner of your vision for the industry mission. This person, or people, should be named as the author of your content. Further, leverage your PR agency to establish these leaders as a valued interview with industry reporters and then make them easily accessible to the press.
  4. Engage with your customers and tell their story as examples of how your efforts are advancing industry change and helping to accomplish their missions.
  5. Survey customers and prospects to better understand their priorities, and where they stand on efforts to move their business mission forward. Share survey data publicly to help the industry define next steps. Leverage this new business intelligence to engage with customers and prospects on how your products can help to achieve their mission.
  6. During regular meetings, ask clients where they stand on their mission priorities and how your solution can further help with those efforts. Provide insights on additional opportunities from your perspective. And then follow through.

Each of these key steps will redefine your brand and drive brand loyalty from your clients and your prospects. More importantly, this repeated process will allow you to demonstrate your commitment to being the company’s valued partner, time and time again. You will have aligned with their mission, demonstrated the success, and publicly committed to one another’s future success.

Using PR and Storytelling in Your B2B Marketing Strategy

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Your company has a story and people want to hear it.

Remember the last time you heard a great story? If you’re anything like me, it was probably a movie or T.V. show. Since the entertainment industry makes money by telling good stories, this makes sense. But in our fast-paced, tech-driven society, we rely on text messaging (guilty!), email and IMs and we don’t take the time to tell stories like we used to.

In the Don Draper, Mad Men, days of advertising storytelling was relatively simple. Come up with a catchy phrase and call it day. Now that we are bombarded with marketing campaigns on a 24×7 basis, it is harder to cut through the clutter.

That’s where storytelling and public relations come in. But what does it take to tell a really good story? Especially in a B2B environment?  

Not too long ago, I was asked by my marketing team to think about a B2B brand that really made an impression on me. Of course, my first reaction was come on. B2B + engaging content = doesn’t add up!

But then I thought about it and remembered a simple phrase that a sales representative from Wrike told me, “what you need is a single source of truth.”

If you aren’t familiar with Wrike, it’s a project management platform that can be shared across teams and business. It really can be that one source of truth rather than combing through endless emails to find that one URL or status update that you might have accidentally deleted because you tried to check your work email on your phone while at happy hour (I’ve only heard via storytelling that these things can happen!).

That phrase single source of truth will never leave my brain. Because it is precisely what my brain needed to hear to solve my need for organizing information.

Now I am an unofficial brand ambassador for this company. And that is the power of knowing your brand’s story.

At the end of the day, your story shouldn’t be about you at all. It should be about the things that matter to your buyer personas, but it should also be personal. (Yes, even B2B can be personal; we’re still humans in the work environment).

Never underestimate the value of making an emotional connection in the B2B world especially in healthcare. With health IT becoming more and more saturated, the B2B landscape is changing and it’s becoming more critical for strong B2B brands to do what strong brands do around the world engender trust and reduce perceived risk.

We have critical problems to fix in healthcare and every single client I work with creates technology that betters the lives of so many patients, physicians, nurses, payers the list could go on for days. But sometimes getting to the root of how this technology is shifting the healthcare environment is challenging.

Successful public relations activities rely on being able to tell powerful and insightful stories. Storytelling is an important aspect to public relations strategies because it allows companies to better connect with their audience.

Here are four ways your B2B brand can become a good storyteller.

1. Start with a broad narrative that helps tell the story of your company.

Purpose is essential to a strong corporate culture and it is often activated and reinforced through narrative. Individuals must learn to connect their drives to the organization’s purpose and to articulate their story to others.

A professor at Harvard University developed a simple framework for those hoping to develop a narrative approach to their purpose-driven organizations: “Self, Us, Now.” Self looks at the real-life events of the leader or leaders that created a company it helps to establish the values that will ultimately become the values of the organization.

Us’ aims to connect those values with broader shared values of your audiences or stakeholders, e.g., clients or employees. By weaving these personal narratives into the narratives of others, you create a common narrative for the group or organization.

And finally, now’ is the urgent call to action for those who wish to achieve the same purpose as your organization.

2. Consolidate your narrative into an elevator pitch.

Now that you’ve develop what I like to call the soul of your company, it’s likely a lengthy narrative as it should be since your company is solving some of healthcare’s most complex challenges. The elevator should pull out some of those key emotion-grabbing narratives and concisely explain:

  • Who are you?
  • What do you offer?
  • What problem do you solve?
  • How are you different (unique selling proposition)?
  • Your call to action

3. Adapt your elevator pitch into something that could be used as an “About Us.”

Now that you have a well-developed narrative that explains your unique identity, craft your story! Evoke an emotional response in your buyer persona. Provide a simple and clear value proposition, establish your credibility, and give a call to action. As they say, the best way to sell something is to not sell anything. Earn trust and loyalty by telling a compelling story to help stick in your customer’s mind.

4. Frame up your narrative against core themes that can represent your overall business.

Likely you’ve got a lot of products but talking about each product separately can quickly become overwhelming. If it’s overwhelming for your marketing team, then it is overwhelming for your customers too. Work to identify the core themes that your products can be categorized into. Then tell how those themes are solving our most critical problems.

Storytelling can’t be mastered overnight. It takes practice but it is worth it as there is nothing more powerful than making your content and news relatable to your audience. Tell good tales, and you’ll quickly find your audience will see you as a true thought leader and they will come to you.

It’s not you. It’s your brand. Is brand ambiguity stunting your sales growth?

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Over the last fifteen years, I’ve participated in more corporate messaging workshops than can be counted. Inevitably, at a certain point during the workshop, the facilitator will ask the collective group: “Who ARE we?” Typically, the marketing leaders are quick to reiterate the company’s vision or mission statement, while sales leaders rattle verbiage from their elevator pitches, and executives state messages similar to those they give investors on analyst calls. Turns out, answering “Who ARE we?” is not that simple of a question after all.

Is your brand suffering from a bit of ambiguity? Try this simple experiment the next time you’re riding up the elevator with colleagues. Ask the folks standing beside you, “Who is {insert your company name here}?”

I’m not a gambler, but I’d wage a bet you’d get limited overlap in responses. Why? Perhaps because your organization hasn’t fully invested the time and effort into crystalizing their brand positioning and brand purpose for all employees, customers and stakeholders.

No longer reserved for consumer-facing brands, it has become essential for business-to-business organizations to not only create and develop a brand but also define their position and purpose. Why?

Not only will it separate your brand from a sea of sameness among competition, but it can elevate your position in the market. If we as marketers can prevent our sales team from being asked “So who are you, again?” we’ve done part of our job.

I’ve worked on branding and rebranding initiatives for companies of all sizes and what do they all have in common? An aligned purpose to create a great brand.

But what does it take to go from good to great? Well, good brands merely fulfill a need. They provide a service, or a product, based upon an expressed need.

But a great brand? A great brand anticipates. How? By truly understanding their customers. Talking to them. Asking questions. Reading about them in the news. Thinking about their current and future needs.

And while it may be unpleasant, or downright excruciating, asking your customers where your brand falls short can be one of the first steps towards creating a brand people trust. After all, people want partners, not vendors.

Sometimes the most important part of creating and maintaining a successful brand is simply realizing that just because something isn’t broken doesn’t mean it’s working. In the last year alone, we’ve seen notable brands take inventory of their brand presence and come to the ultimate realization that their current identity is no longer aligned with their future state. Let’s look at three notable examples:

Dunkin Donuts ditched the donuts and debuted a short name Dunkin along with a modernized look and feel to test stores around the country earlier this year. The company is investing $100 millionto update their stores and “better meet the evolving tastes” of their customers, which will include new equipment and dedicated drive-through lanes so people who order drinks on their phones (hello, Starbucks!) can pick them up easily. They realized the market demanded more than coffee and donuts to stay competitive, and they’re putting their money where their mouth is.
Unlike Dunkin’, Slack kept their name but instead chose to revamp their original (dare I say iconic?)logo. This move caused an onset of conversation around the decision to ditch the beloved hashtag in favor of a simpler visual identity. Why? They felt it was time to evolve. Beyond the unexpected logo swap, Slack’s rebrand came in advance of a direct public offering expected later this year.
Earlier this year, WeWork announced their rebrand, informing the market that they will now be known as We Company. This strategy was likely designed for both investors and customers in order to broaden their aspirations from places to people. The announcement also came with a sweet perk to the tune of $2 billion in investment from SoftBank Group.

Taking inventory of your current brand and determining whether it aligns with your future growth is no easy feat. In part two of this post, we’ll review the main drivers that help indicate when a logo refresh is needed, a repositioning workshop will do, or when a full rebrand makes the most sense.

We’ll walk through logical next steps, including how to get it done. Using your brand as a springboard to add colorful depth to your offerings can easily change the conversation and help your sales team create meaningful relationships to not just power the sales cycle but build the funnel at the same time.