Manufacturing marketing used to be about magazine ads, branding, bingo cards and trade shows.
That's changed. Today manufacturers strategically invest in digital tactics to boost their brands, understand buyers and markets, position product pricing and development roadmaps, generate leads, support sales channel, and empower their B2B sales people.
Industrial procurement is now the collaborative effort of multi-disciplinary teams. Each member of the buying team is a consumer whose buying preferences are shaped by their B2C experiences - and also a representative of their department which has its own priorities.
Manufacturing marketing and sales is the set of tools, tactics and thinking that enable manufacturers to engage with buyers virtually and collaboratively. This relies on a marketing strategy built around content marketing.
You remember how you used to buy.
Decide what you need, turn to the volumes of green bound industrial registers to look for possible vendors, summon them for meetings and request quotes.
You don't do that anymore, and neither do your buyers.
But a website, some Adwords ads, a bit of SEO, a manufacturing blog and some "expert" who's never been on a factory floor don't get you there.
As every company in your space get's more sophisticated, the reality is that your industrial marketing is competing for the opportunity to educate buyers on how to improve their business.
That's means you need to build programs that talk about theirs, not yours. And that do it in ways which will help you get found and establish your firm as a helpful resource.....long before you worry about a "lead."
There was a time when cold calling and trade shows were the way industrial manufacturers sold and marketed.
Technology changed the former and COVID the latter.
Inbound lead generation is helpful, but outbound sales remains critical to growing predictably and profitably. Unlike the days of line cards and cold calling, today outbound sales requires technology and planning.
Account-based marketing (ABM) and target account selling represent the combination of marketing and sales which was innovated by technology companies and is gradually adopted by industrial manufacturers.
It's about coordinating the right contacts, with the right people, at the right companies, at the right time.
Crazy sounding. We get it.
But...when so much happens in the shadows of the internet before you are ever contacted by a buyer, that means that marketing has to be in front of buyers early and effectively.
Of course, you want to be remembered and you hope that your brand marketing and industrial public relations will be effective. That's expensive though and so it needs to overlap with efforts to reach buyers who are vaguely aware of and just beginning to wrestle with complex business problems.
That means that your B2B manufacturing marketing needs to coach, consult, educate, and inspire - and it also needs to enable your sales team to help prospects, buyers, and customers.
And that requires more of your sales people than they've had to give in the past. They must:
Buyers have a dim view of B2B sales people.
Recent research found that:
If manufacturing marketing is increasingly selling, then shifting sales budget to provide 5% of revenue for marketing starts to make sense
Many industrial manufacturers think of marketing as something that big companies and consumer brands do.
But now it's how you sell!
You define competition in meters/min, torque, HMIs, durometer, and horsepower.
Your buyers define it by your company's relative ability to help them improve their business.
Comfortable or not, digital tools and tactics are at the core of successful manufacturing marketing and sales today.
If you're not advanced, you're irrelevant.
You probably have separate functions. A small marketing group and a big sales team - direct, field and channel.
And maybe you still print fax numbers on business cards.....
Manufacturing marketing isn't a project. It's not a fix.
Success will depend on investing in, developing, nurturing and growing the technology and market savvy and the requisite sales skills.
Many digital marketing firms will focus on lead generation.
What good is a raft of leads that appear on a report....and just age off the bottom?
That's why we believe that manufacturing marketing and sales has to include the "sales" piece. Otherwise, it's folly.
The challenge is that most manufacturing companies believe they have great sales - and it's a difficult message to absorb. Often it takes some years of marketing success, and poor sales follow-through, to convince owners that they need to change the system holistically.
No. Consilium is Ed Marsh.
Ed is a business strategy and digital marketing consultant with years of experience in industrial and manufacturing markets and sales channel, and deep experience in digital industrial marketing and sales.
He's walked in your shoes - and he works with your team or another agency to deliver results.
Agencies - even those that discuss experience with manufacturing - are often just marketers who haven't lived on factory floors.
Industrial marketing is a grind.
That's the truth.
There is no sexy, flashy aspect to it.
It's the incremental improvement, step-by-step, of every aspect of your marketing and sales.
If you sell industrial products and capital equipment to manufacturers, I probably do. A well defined ideal customer profile is an important precursor to effective marketing for manufacturers.
Account-based marketing (ABM) works if the marketing and sales are top-notch.
That's what will determine success. Not your industry.
Short answer - yes, if done right, it will
OK....You Asked for It!
In today's dynamic marketing landscape, the transformation of manufacturer marketing strategies is not just a trend but a necessity. For industrial companies, it's crucial to recognize that the buying process is no longer linear but a complex web of decisions influenced by a wide range of factors. This is where an in-depth understanding of marketing strategy, marketing tactics, and sales enablement becomes essential.
Digital marketing efforts are at the forefront of this transformation. For a manufacturing company, leveraging online marketing tools can differentiate between staying relevant and becoming obsolete. Search engine optimization (SEO) plays a pivotal role in this. By optimizing content for search engines, manufacturing companies ensure that they appear prominently in search results, capturing the attention of potential customers.
Content marketing, too, is an integral part of this puzzle. By creating valuable and engaging content, manufacturers can educate and inform not just potential but also existing customers, nurturing them through the buying process.
Social media platforms (yes, even in industrial manufacturing) have opened up new avenues for manufacturer marketing strategies. These platforms like LinkedIn and Reddit allow manufacturing companies to engage with their audience, share insights, and even influence buying process influencers. Social media marketing is not just about promoting products; it's about building relationships and establishing trust with industrial customers.
Email marketing remains a powerful tool in the arsenal of manufacturing marketing strategies. It allows companies to provide targeted content directly to decision-makers and influencers within the industrial market. By using email marketing effectively, manufacturers can keep their audience engaged, nurturing high-quality leads through the buying process.
A manufacturing marketing plan should include a diverse range of marketing channels. This ensures that the message reaches a broad audience, including both potential customers and repeat customers. From traditional channels like trade shows to digital avenues such as search engines and social media platforms, each channel plays a crucial role in the overall marketing efforts.
An industrial company must have a deep understanding of its customers. This involves recognizing the needs and pain points of industrial customers and tailoring marketing activities to address them. Inbound marketing tactics are particularly effective in this regard, as they focus on drawing customers in with helpful, relevant content.
To continuously improve marketing efforts, manufacturing companies need to invest in analytics. This allows them to track the effectiveness of their marketing campaigns and understand how their audience interacts with their content. By analyzing this data, companies can refine their strategies and ensure that they are meeting the needs of their audience.
A successful manufacturing marketing plan is comprehensive and multifaceted. It integrates various elements such as content marketing, social media marketing, email marketing, and SEO to create a cohesive strategy. This plan should be flexible enough to adapt to the changing marketing landscape and the evolving needs of the industrial market.
The future of manufacturer marketing lies in the ability to adapt and evolve with the changing landscape. As the industrial market continues to grow and change, so too must the marketing strategies of manufacturing companies. Staying ahead of the curve will require a commitment to continuous learning, adaptation, and innovation in marketing activities.
By embracing these principles, manufacturing companies can ensure that their marketing efforts are effective, relevant, and capable of driving growth in an increasingly competitive market.
Of course not.
It's up to your team to do the work. To:
And many industrial companies haven't caught up with B2B buying changes.
So we know that if you follow our advice, you'll grow. But that's up to you and your team.
HubSpot is a digital marketing, customer service and CRM software suite that many of our clients use to manage the manufacturing marketing process and improve sales performance.
Originally designed for technology, HubSpot for manufacturing is ideally suited for many capital equipment companies which are improving their marketing.
Absolutely. Sales channel marketing is an overlooked opportunity by most manufacturers.
Eventually it will.
However, it will take time.
It will be a grind.
You may find you have to replace your sales force (seriously.)
You're going to have to spend far more on marketing than you ever have. (Don't worry....far less than the 50% technology companies spend.)
ORE (Overall Revenue Effectiveness) is my process engineering systems approach to revenue growth.
Marketing to manufacturers is one of four pillars. The other three include board effectiveness and strategy, industrial sales, and marketing and sales technology.
Industrial Manufacturing Marketing is woven throughout the process and integrated into optimized effectiveness with each of the other pillars. Learn more here.
Edward Marsh, Principal
Presidential "E" Award Winner
Consilium is a Service Disabled Veteran Owned Small Business
“Ed will always be the first consultant I ever liked!” - Earl P., Sales Engineer & VP of Sales
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