Archive for the 'software' Category

Assess Your Marketing Effectiveness for 2016

Marketing should never be static – there’s a reason I always emphasize the circular, iterative nature of my 7-step marketing strategy process.

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7-Step Marketing Strategy Process

A strong marketing program must always start with a careful analysis of your target customer niche, their problems and pain points, and other solutions in the marketplace.  Once you fully understand the customer problem and available competitive solutions, then you can write your Unique Selling Proposition (USP).

Your USP is the one most important piece of content to drive your marketing.

Many of our clients turn to Software Marketing Advisor to help better craft their USP and marketing messaging.   Our Marketing Strategy Review service helps optimize your USP and messaging.

 

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5 Top Challenges When Marketing B2B Software

What’s so different about marketing business-to-business (B2B) anyway?

I’ve spent most of my career in marketing of business software and services, so I get asked this question a lot.  How is marketing business software different from marketing a consumer app?

There’s actually some significant differences, and if you don’t remember that then you’re not likely to be successful with your marketing.

Here’s a list of the top 5 challenges in selling B2B software rather than consumer:

  1. Selling a Solution — If you’re selling a business app, then you have to sell a solution to a problem, not a piece of software.  Ideally, you can tie the use of your software to a solution to one of the top three problems that keeps your target user awake at night.  And then market that solution…
  2. More Than One Buyer – the purchase or adoption decision for a business application often involves more than one person.  You don’t only have to market to potential users, but you also have to include messaging for other stakeholders, such as group manager, execs, purchasing manager or CFO, etc.
  3. Aligning the Ecosystem – If you’re marketing a solution (see #1), as you should, then sometimes that solution involves more than just your product.  For example, when I was working for Intel we had to focus on software marketing with partners in order to convince users to buy a new PC – they don’t buy hardware, they buy software.  So figure out which companies sell the other pieces to your solution, and approach then to do joint marketing.
  4. Longer Sales Cycle – for a typical business software purchase, it’s not as easy as having the user visit your website, read your great sales copy, and click to purchase or sign up.  Even for a small purchase they may need to get their manager’s approval, or perhaps it needs to be included in the next budget cycle or reviewed with other stakeholders.  That all takes time.
  5. Supporting Content Matters – B2B buyers expect to find good-quality marketing content about your software.  At the least you should have a professional brochure, some case studies and testimonials, and a product data sheet.  You can also write and publish white papers to market to your audience.

Remembering these 5 key differences will make it easier to properly market your business software. For additional help, check out the software marketing toolkit here.

SaaS Business Planning

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If you’re starting a SaaS business, it’s a good idea to start your business plan with a template.  This template provides a lot of useful tools to help you plan out your SaaS business idea.

http://www.software-marketing-advisor.com/software-development-business-plan-2.html

 

“Internet of Things” a $614 Billion opportunity in 2013

According to Cisco, the Internet of Things will generate over $600 Billion in savings and sales in 2013, growing to over $14 Trillion by 2020.

The connection of devices,  sensors and other machine end-points to the internet opens up tremendous opportunity for unique, value-add software and service solutions.

How can your software/service business profit from the Internet of Things? Are there new threats or competitors to your business? What does the Internet of Things mean to you?

Read more about Cisco’s vision in the article below.

http://gigaom.com/2013/06/28/ciscos-internet-of-things-vision-is-more-about-services-than-gear/

Software startups building businesses around big data

Some great examples of software startups delivering business value from machine learning, big data & internet of things:

http://gigaom.com/2013/06/28/meet-the-startups-making-machine-learning-an-elementary-affair/

Mobile app monetization: Think business model, not ads | VentureBeat

This article posted today at VentureBeat is well worth a read if you have a mobile app and need to work on better monetization . http://venturebeat.com/2013/06/02/mobile-app-monetization-think-business-model-not-ads/

New Software Marketing Membership Program

New Software Marketing Membership Program

Get customized software marketing help with our new membership program:  sign up for as little or as much help as you need.  Check it out at the link above.

 

Avoiding SaaS Customer Churn

Today’s VentureBeat guest post by Vishal Sankhla covers the topic of how to keep customer churn low in the SaaS business model. I definitely recommend checking out the article “The SaaS Churn Challenge: How to Hold Onto Your Customers”.

The crux of the issue is that in the SaaS business model, you invest up-front to acquire each customer, but you only get positive ROI from that customer if the customer lifetime value is high enough. In other words, you are counting on customers staying customers for longer than a few subscription periods. If your churn is too high, then you never make enough off each customer to cover the acquisition costs. That is a losing proposition for any SaaS business! The key is finding ways to maintain customer support and interaction while keeping those costs down.

Should You Develop Mobile Apps for iOS or Android?

Currently, the leading platforms for mobile app developers are iPhone and iPad (ie, iOS devices) and Android smartphones and tablets. As a developer of mobile apps, do you choose one platform to focus your app development efforts on, or do you support both? And what about the other mobile platforms such as Microsoft’s Windows Phone 7, and BlackBerry?

In making that decision, do you look at which platform has the largest installed base? Or do you go by which platform is currently shipping the largest volume of units? Or what about which platform has the highest overall in-app usage time? The answers vary drastically depending on how you frame the question.

We published a summary of the mobile app market this month – it is available for download here.

Most of the published data on mobile share focuses on platform market share, which shows a rapid increase of Android compared to iOS. However, an article published by Business Insider in March instead considered the amount of actual time spent online as a proxy for app usage, which paints a very different picture with iOS clearly dominating.

The rapid rise in Android smartphone market share compared to the iPhone is clearly indicated in Silicon Alley Insider’s chart of the day from November 2011 which shows Android smartphones at 52.5% of the market, while iOS is less than 20%.

At first glance, this type of data may give a developer of mobile apps pause: Should one be prioritizing an Android version over iOS or vice versa?

With all the talk of platform market share, what many of us forget is that the relevant question is the market share of mobile app usage time. After all, that is what users will ultimately pay the app developer for. Silicon Alley Insider’s chart of the day from March 13 2012 instead tells the real story of Android versus iOS.

The chart from ComScore shows the digital traffic market share of connected devices by OS in the US – it’s a very different story than what’s told by the device platform market share where Android shipments are now dominating. When you look at it by digital traffic – the actual mobile Web usage – the picture changes, with iOS dominating at 60% and Android far behind at only 32%. Similarly, Net Applications finds iOS has a 4.4x larger web share than Android. On top of that, a number of studies have also found that iOS users are much more likely to pay for apps or make in-app purchases. On average, developers make 6x more on iOS apps for the equivalent app.

This data seems to clearly indicate that the first platform of choice for a mobile app should still be iOS.

So if you develop mobile apps, what choices do you make? Please vote in our poll:

Update your Business Plan for the New Decade

It’s now 2012… do you have an updated business plan or marketing plan to address the new decade?

If you’re a software company, the industry is changing with the move to SaaS, mobile apps, outsourcing and other trends. It’s important to make sure you have a current business plan to make sure you’re positioned to take optimal advantage of these changes.

Check the links to the right, and take advantage of our SaaS business plan template, or the Software Company business plan template, and get started optimizing your business today!


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