
We were fortunate to escape the confines of the office in order to attend a NEDMA (New England Digital Media Association) Conference at the Boston Common Hotel and Conference Center. From the moment we walked up to the second floor, we were immediately submerged in innovative ideas and new data that will help shape future marketing campaigns.
This article was posted on www.revenizer.com. Revenizer is an affiliate business to Revenue Architects focused on building useful business applications that support revenue acceleration.
Revenue growth requires focus.
Today, there are almost unlimited sources of data and opportunities to invest time in complex analysis. For most businesses, analysis can suck in time but have little business impact. Is an hour spent by a business owner exploring Google Analytics to uncover that she has a customer in Russia useful? Does using a social analytics package to discover that 60% of users are female (based on an algorithm that analyses names) drive a business forward. Probably not.
The Bugatti Veyron is a $2.4 million piece of technology. It can reach 253 miles per hour. There is no shortage of data that could be presented to the driver. There is only one thing that matters given that the objective is to accelerate as fast as possible. Engine revs – because this metric is the leading indicator for speed and also communicates engine damage risk potential. The rev counter is the center gauge on the console. In an environment where time and attention is limited, this is the driver’s main focus.
Businesses need to have the same laser focus on leading indicators. Social media may not directly create leads but it shows an ability to create community around an idea. The essence of a brand. Web traffic means nothing unless it converts but generally increasing traffic will lead to good things.
The big lesson – metrics are about communication not analysis. Communication makes people accountable, gives direction and motivates. The rev counter in the Bugatti makes the driver accountable for engine damage, tells her when to change gear and gives her a clear target range. This focus means 0 to 210 miles per hour in 27 seconds.
Are you focused on a few leading indicators that matter and motivate?
The recently published CMO survey (link: http://www.cmosurvey.org/blog/marketing-metrics-what-cmos-report/ ) is quite timely for our team at Revenue Architects. The survey indicates both the growing importance of key revenue metrics and the relatively poor and inconsistent adoption of the right metrics as indicators of revenue performance. While no two businesses are exactly alike, there are a number of key metrics that are leading indicators of future revenue performance.
Last week Revenizer was formed as a new company to deliver a performance-oriented revenue scorecard and collaborative tool for executives. Revenue Architects’ Phil Rogers and our colleague, Satish Boppana, and I formed Revenizer to build and deliver a new generation revenue performance scoreboard and collaborative platform. Betaspring in Providence, RI is backing the project with their industry leading accelerator program.
The vision is to help revenue executives create a growth and revenue culture.
As we talk about all the time at Revenue Architects, sales, marketing and service must work together in a more joined-up and collaborative process for revenue. The days of separate and non-aligned sales and marketing organizations are giving way to a more unified revenue value chain. The disruptive forces of digital and inbound marketing and social media in the buy-sell process is accelerating this trend.
Revenizer will integrate leading web apps from social to CRM to give business leaders one place to go for the key revenue indicators needed to manage performance. It will also provide best practices and expert and user collaborative content to guide teams on revenue performance improvement strategies. With Revenizer, a business can better execute its revenue strategy with greater transparency, focus, organization and knowledge - accelerating revenue growth.
If you want to join the beta team of users and help shape this exciting solution, please contact us!
Trigger-based emails, rules-based emails, real-time emails, or auto-responder emails are great tools for today’s marketers. Regardless of what you call it, these are the emails we receive as customers after doing something or buying something. We get order confirmations, email reminders, survey invitations, e-newsletter subscriptions and product cross-sell promotions. As an online customers , my inbox is bombarded. Some of them are relevant and timely and catch my attention, others I ignore and then eventually unsubscribe.
A “promise” of trigger-based emails is that you can “set it and forget it.” However, there are several variables in email marketing that can always be tested and optimized. Some examples are the subject line, preheaders, design, layout, copy, calls to action, timing, message/offer, etc. Given this, how can a trigger-based campaign be truly set and forgotten about?
I think some companies have forgotten about me. At some point, ignoring emails leads to annoyance and opt-outs. We have advised clients to look at bounces, open rates, and click-through rates to develop rules to purge non-responders, or move them to a campaign with fewer communications. While trigger-based emails are automated, they require the human brain to set them up for success. The last thing businesses need, especially in B2B, is customer fatigue and a shrinking opt-in email list they worked so hard to develop.
The arrival of ecommerce and other web technologies created a lot of talk about the leveling of the playing field between small / mid-sized businesses and large business. For a while, there was some truth to this. Today, scale and size are back in town. Big and well resourced firms can again spend their way to success supporting multi-channel, content-driven campaigns.
Channels
What started with a web site with some site analytics then advertising is now video, Facebook, Twitter, email, etc, etc, etc. Each channel has its own subtleties and each are rapidly evolving as all the players try to own the future. For the average small or mid-sized business – life in the fast lane is tough. Dizzying is probably the right word.
Content
Participating is a start but you are only really going to engage your target audience if you have some interesting to say. Not sure how many thought leaders there are in your business but inspiration is sometimes tough to find. Making sure the invoice goes out right gets the priority. Even collecting and distributing other people’s creative genius is hard work. How much credit do you really get for retweeting?
Support technology
This is a lot to manage. Staying on top of marketing automation, web analytics and social media monitoring tools etc, etc, etc is tough. Startups with great tools keep turning up but they are often focused on making their money by working with big companies so good luck getting a reply to your email. Otherwise, they are so busy developing their product that they don’t have time to actually sell it. So again, good luck getting a reply to your email. You can try signing up for a trial. Unfortunately, most providers have not taken the lessons of companies like 37 Signals. The monthly fee might be small but you have to donate half of one person’s week to figure out how to make it work. Multiple that by X for every platform that you want / need to try.
So…. What to do?
Don’t give up
Stay involved. Things will improve. Applications will get simpler. New solutions will emerge. Stake your claim on every new thing so you don’t have to come up with some convoluted user name / handle in the future.
Campaign in a box
A campaign in a box is coming. The obvious market opportunity is to wrap services around some good low cost technology applications to give small and mid-sized businesses what they need to compete. No learning curve, help with content and social media management in partnership with your existing team. More to come from us on this. We think that it is time to level the playing field (again).
Among wealth managers/ financial advisers, there remains skepticism about using social media and a digital marketing with a stronger online presence. As I prepare for an updated “Day-in-the-life of an adviser” talk next week with Schwab RIAs (clients of Schwab Advisor Services), I created a summary slide to serve as an abstract for the talk. The slide sums up the key messages for me:
The follow-on question is what makes up that strategy?
We focus on the three elements of the Revenue Architecture – keeping it simple, breaking it down:
We had fun this year with our holiday greeting and we offered a top 10 list of resolutions. Why not share it with the blog reading audience.
We hope you can be:
Some might say- “OK, but I already have these items on my wish list… how do I get them all done?” To that I would ask whether they have a plan in place.
If you can’t answer these, it is worth a little time to get organized – it will save you in the long run. Most every client we work with is on a continuous path to maturity around each of these areas and the bar keeps moving. Just when you think you have your content marketing plan in place with relevant articles and blog posts, you realize digital video is more important to reach audience and communicate message.
We had a packed room at Harvard Business School on November 17 to discuss experiences in developing digital businesses.

Mike Roberts, a James M. Collins Senior Lecturer and Executive Director at the Arthur Rock Center for Entrepreneurship put the speaker team together and it included some highly experienced HBS students, recent students and entrepreneurs sharing their experiences in building digital businesses. The team included Maxwell Wessel, Brent Grinna and Lincoln Edwards. Our moderator, Christopher Michel both facilitated the session and delivered a lot of value as an accomplished entrepreneur. Brent is an MBA ’10 grad who is incubating his start-up, Evertrue at a Venrock-backed company in Boston called Where. Maxwell and Lincoln also represented some fresh and real experiences launching digital applications. I was put forward by our client colleagues at Bain Capital Ventures and MITX. My role was to bring a perspective as both a service provider to the industry and as an entrepreneur building digital businesses.
Most of the 100+ attendees were midstream with plans to launch digital businesses. There were Arthur Rock Center for Entrepreneurship scholars and others, and they surfaced a range of issues. Christopher Michel, the facilitator was back from a month in Tibet but was able to jump right in and drive the conversation. The challenge was to share some perspectives on how to go about a web development project, how to engage effectively technology team and how and whether to outsource to an offshore provider. Qestions included:
Some headline conclusions were:
How and whether to outsource technical development?
The outsourcing model makes a great deal of sense for elements if not all of the development process. It is particularly strong for low cost prototyping efforts at the early stages of concept development. A critical success factor will be having a technical member of the core team to help oversee the outsourced team. Some of the considerations we discussed were location – whether offshore in India, Eastern Europe, Asia or South America makes sense and how language, time zones impact these choices. There are also highly varied levels of offshore resources ranging from one or two people in India to global sourcing firms. The choice of who to select should consider the technical complexity and technology frameworks used, the ability to work in a highly effective communication process. Keep in mind as well the location and documentation of the code base to ensure sustainability if things go wrong with the relationship. Using milestone payments for documented code releases can be an effective model. Most of the digital applications in this discussion were based on a custom build approach – for companies looking to outsource web development for standards based platforms like WordPress, Joomla and Drupal, the options are many and the risks more manageable.
How does an HBS entrepreneur engage the right technical leaders in partnership to launch a digital business?
The days of heading down to Kendall Square and lining up a development team from MIT are perhaps gone. In fact, it may be the reverse. The MIT Technologist heading to Harvard Square to line up a business team for his/her digital venture. But the real truth is that a digital business cannot be successful – in my opinion – without a highly trusted core team member that is also a technologist. The role is critical to ensure an effective development process and effectively translate a business vision into a solution. This is particularly true if the team uses an offshore provider to build out the system.
What are some of the better offshore partners?
Many were brought up in the discussion, and there are many firms that specialize in different segments of the outsourced environments. The checklist should include competencies around the current technology platforms needed in the development, the approach to project management, the ability to communicate in English in a trusted way. Above all, the provider needs to be a trusted partner and you can’t rely solely on the ratings in the freelancer systems as these organizations change. Make sure you discus options and get personal referrals where possible and use win-win contract structures. What is the CMM level of the firm? Will the team be dedicated? How do you communicate, Skype? Are all the skills considered – user experience and branding? Functional design? Technical implementation? Testing? By developing a personal relationship with the provider team and meeting face-to-face, you can build long term trusted relationship and realize strong returns on investment.
What are other considerations in building a digital business?
A few other considerations were brought up. Technology is only a small part of the business model. How will the team operationalize the business? How is the the governance structure set up? How is equity and compensation structured? When executing a project, what is the right development model? Iterative? Waterfall? How do you ensure confidentiality? How will the application be supported over the longer term? What are program, regulatory, operational and sourcing risks and how should they be managed?
Final Remarks
Debi Kleiman who recently took over leadership of MITX from Kiki Mills offered a strong closing argument about the benefits of membership and the supporting focus of the MITX organization as a resource for students and others pursuing a digital business.
This post is a reflection on the role of digital collaboration at the Algarve Energy Park. Revenue Architects is working with the Park to build a digital presence beginning with the recent launch of the website. The Algarve Energy Park initiative is designed to meet the needs of tomorrow’s world by addressing today’s global challenges. Its objective is to develop a model sustainable cluster community in collaboration with leading academic institutions and partners in industry, attracting leading initiatives and companies in renewable energy and preventive healthcare sectors.
Digital technology is playing a role today in the outreach and communication efforts for the park. It will also be used when the Park is fully operating and collaboration is taking place around the creation of new science. Globalization, inexpensive network connectivity, growth in social software and a new architecture of participation is driving an explosive growth in social networking and business collaboration. The Algarve Energy Park is embracing these trends and technologies to accelerate marketing outreach and drive collaborative working.

Social software helps connect people across time zones and culture. Platforms like LinkedIn and Facebook are widely adopted in personal and professional networking. The assimilation of global teams within a collaborative working framework is far easier than ever before and no longer requires complex choices of often expensive and proprietary technologies and processes. Today, cloud-based applications are available on demand at little or no cost and it is easier than ever before for users from different organizations and with varied technical skills to quickly adopt these services.
At the same time, marketing leaders are transforming how they engage, educate and influence target audiences. Traditional media is declining as a model for audience outreach. Advertising is less effective as consumers gain more control of what they consume. People can now easily filter out the unwanted pushed messages and “tivo” through advertisements. Newspaper readers abandon print versions and consume content online – and by using RSS readers, they are bypassing advertisements. I am certain that the industry will arrive at a balance that helps to monetize delivering quality content, but within this environment, marketers recognize the need to engage audiences in new ways. Brands can no longer control their message through owned media and they are becoming more focused on earned media. They are moving beyond a focus on their website to a focus on their web presence.
With the advent of newer social media and web 2.0 services, exciting and informative content can be very easily shared across the social web. As my colleague Amy Hunt says, more than ever, content needs to be like “peanut butter”- sticky and spreadable! What does this mean for the Algarve Energy Park? When we consider the role of collaborative and new media technologies that support the Park, we focus on the two critical stages in the Park’s development and the corresponding roles of these new collaborative and digital technologies.
At its core, AEP is about collaboration. The Park will combine leading thinking across a combination of interrelated elements – academics, economists, business strategists, energy researchers as well as architects and master planners to create a sustainable community to design and develop new technologies and set standards for clean energy, sustainable living, and personalized medicine. The community will benefit from both in-person and digitally-enabled collaboration. By extending the physical interactions digitally, we foster greater global collaboration among experts across disciplines and accelerate the velocity of knowledge and science globally. AEP can be at the forefront of the work in support of sustainable energy.
Deep web experiences offer a blend with physical experiences to create a unifying human experience. As collaborators in the park, we will be considering how these enabling technologies and web collaborative social experiences will impact successful research collaboration. We believe that many existing public platforms and social network technologies can effectively drive communications and support the research agenda. With a diverse range of collaborators working together on sustainable energy, we will need solutions that are open, readily available and easy to use and adopt. At the same time, we understand that some projects will need deeper structures and security levels to facilitate formal research and economic agendas. As technologies mature we are seeing a shift from a social focus to a blend of social and business focus. We see the greater levels of security, reliability and availability needed for mission critical program work. The challenge for AEP will be to find the right mix of openly available platforms and dedicated solutions. The right solutions will be the ones that fit with the specific needs of the collaborating teams.
At our early stage of development, we are marshaling support and capturing insights from many key stakeholders that help define the AEP vision and support the program development. We are engaging a collaborative global network of leaders, influencers, stakeholders and investors. We connect across government, community, business and science leaders and we listen to these communities to incorporate insights and perspectives that shape a better outcome.
At our current stage of development, it would it be rational to launch an expensive outreach program using the traditional media for communication. Could these strategies even succeed given the global range and diversity of our audience? With such a diverse set of stakeholders, we needed to rethink how to engage our audience? How can we reach out and be open and available to a global and local audience? How can we capture input and insights to shape the strategy? What are the best ways to foster interest and commitment?
We believe the answer is to embrace a new marketing strategy. We are using new media strategies to facilitate the outreach agenda. We use the social web and effective web presence to be where our stakeholders are. While branding and design are important to reinforce our core vision, we also place emphasis on content and functionality that support our stakeholder needs. Our strategy is to build a web presence beginning with an effective website and tools for interactive communications. We are extending our web presence with new media digital outposts. With these capabilities in place, we will have the foundation to grow incrementally with a focus on content and conversation.
Below are the elements of our new marketing presence and outreach strategies:
Website: Our website is at the center of the discussions, content and information resources for the community. The www.algarveenergypark.com web site is using up to date web 2.0 features that encourage content engagement and sharing. The back end administration of the site facilitates continuous updates to valuable content. We will deliver content in the two languages that our audience is most comfortable with – English and Portuguese. A blog will help inform readers of updated insights and content from the Park. The foundation for the site is using an open source content management system and facilities to continually update of the site elements, content and promotional messages.
Digital Video: The team has already created some exciting video assets that introduce, promote and explain the park vision. We know that video is a popular and important media for education and information sharing. We are populating the site with these creative communication assets. In addition, we host these on the open web. By using tools like YouTube and Vimeo, we can expose the AEP vision to an audience that may not have otherwise found us at the park website. Presence on these open video services enhances our search visibility and helps us expand our footprint.
LinkedIn: LinkedIn is the established social media platform leader for business networking and collaboration. We do not need to build out our own community on our own website. We can engage a platform like LinkedIn that so much of our audience is accustomed and comfortable using. We can use LinkedIn to share the profile of the Park, leaders within the team and engage in discussions. We can share news from the park and bring people back to the website to learn more.
Facebook: Clearly we think of Facebook as a “social” network. We mostly use Facebook as a place to share our personal views and life activities with our trusted network of friends. We may not think of Facebook as a platform for a business outpost, but there are about 350,000 businesses using Facebook today. Facebook provides an extension of our web presence and allows us to share news with the community that is connected to us there. Big brands and sports teams gain a great followings and fans. Our presence may not attract a massive following, but we can be there – available to our constituents on another popular outpost and delivering another opportunity for them to engage with us. Also as AEP includes an innovative residential and living model, the Facebook presence may grow to be a vibrant part of our social activities for and among park residents. In keeping with our strategy, why build or promote a proprietary private community application when we can carve out an appropriate presence on a very popular and engaging platform like Facebook.
Twitter: We are also preparing to roll out a Twitter presence. Twitter will be an important way for us to stay connected with the deeper web conversations. The depth of conversations and mentions on Twitter helps us find those potential collaborators on the park’s mission and research topics. Twitter will allow us to build a following as well – our community of stakeholders will be able to follow developments from the park through Twitter updates. We can use Twitter and related platforms like co-tweet or Tweetdeck to track and engage in the conversations that are relevant to the park’s mission. The tools we will use will allow us to manage our micro blogging and status updates from one place – we can update our status on LinkedIn, Facebook and Twitter accounts all at once. Why? We want to share links to meaningful content and valued insights to our community – where they are. We want to reTweet – or resend – the interesting tweets we find to our community. As our capacity and ambition evolves, AEP can stand out as a content leader on critical sustainable energy topics, but in the nearer term, Twitter will be a great source of insight and information sharing about the topics that drive the AEP agenda.
The Algarve Energy Park is about innovation and collaboration. By being connected and available in the new social web, we are ready to begin the dialog. We are eager to hear from our audience and engage in discussions about the ideas and concepts that AEP is putting forward. We expect that collaborators will find their way to news and information across the different touchpoints and that they will visit the website. When they visit us, they will have the opportunity to learn about the park, comment on content items, subscribe to feeds, and register to receive updated news and information on a more regular basis. We will offer different mailing lists to help them stay informed on the specific topics that drive their particular interests. We will also encourage our guests to take action: Collaborate, Support, Partner!
A web strategy today involves a lot more than your web site. In the late 1990s it was very much about defining your branded online presence via the web site and related web services and online applications. Today, with the important roll of Search and Social Media, your brand presence must now consider delivering impact and engagement across the broader social web and involves a far more sophisticated strategy for inbound marketing and lead capture. With that in mind, if you are about to embark on a comprehensive Internet Marketing Strategy, you might want to get answers to a range of questions. So, here is a list, but let’s add to the list- what have you found as critical success factors and key issues that should be addressed in developing your internet strategy.
1) Market, Audience and Sales Model – You need to define the underlying business model for marketing and sales so that you can tie your Internet Marketing Strategy to business goals:
2) Functionality and Services – Now that you understand your core business model and your audience, what are the capabilities that your audience will be seeking to engage your brand online – both at your site(s) and across the social and mobile web?
3) Branding and Design – maybe you already have a brand identity – including logo marks and look and feel -but you may also need to develop a “brand architecture” that ties together all your related product and services into a unifying identity – both on and offline.
4) Content and Information Architecture – How do you arrange your content into a clear information architecture that your audience can understand and access?
5) Marketing and Promotion – After you build out your sites, Internet presence, content and services, how are you going to attract the audience?
6) Technical Architecture Design – Once you have defined an overall business and functional blueprint, it will be a lot easier to select the right technology foundation to handle your needs.
7) Operating Model – This is a key step to your strategy – defining a core business and process model that will ensure your digital assets and systems are well managed and that your content and services are up to date.
Implementation Plan – With all the core business, marketing and technical elements framed out, you can now better layer in an overall project time line driven by critical business commitments.