The MEDICAL Method: Method or Madness?

Over the last month I’ve shared some details on the MEDICAL Method, a new technique to quickly and effectively evaluate your product marketing content.

MEDICAL is an acronym to help you evaluate your written content. I hope that it can be a useful tool for product marketers in their content generation efforts – perhaps similar to the 5 C’s of SWOT analysis. It can be a starting point to get you unstuck, or a checkpoint to get to you to a final product.

I’ve been using the MEDICAL Method for several months, evaluating both my own work and published materials to see if they are meaningful, exciting, differentiated, informative, consistent, actionable, and localized. And so far it’s working for me. I can create better materials faster using this framework, and I can easily see ways that good professional work can be even better.

So now I’d like to hear your feedback. Do you think the MEDICAL Method can help you? Or am I on the wrong track altogether? Are there any important concepts that it’s missing? What would help to improve (and prove?) this method?

 

MEDICAL is a useful acronym for product marketing

Reading With Steve: Selling The Invisible by Harry Beckwith

Reading with Steve is a regular feature at SteveFeyer.com. Read product marketing and content marketing book reviews.

How is a service business like a product business? According to Harry Beckwith, the question no longer even relevant – every business is a service business.

In his marketing classic Selling the Invisible: A Field Guide to Modern Marketing, author Beckwith proves this fundamental truth, and reveals what marketers must do to win and retain customers. The content is broken down into 11 thematic sections, each containing a number of very brief anecdotes that demonstrate a fundamental marketing lesson.

Beckwith has a genius for storytelling. He has selected stories that are so compelling they make the resulting lesson seem obvious in retrospect. His skill reinforces these lessons in a way that textbooks cannot, and his consistency and brevity give the lessons more power than any how-to blog. For this reason alone, Selling the Invisible should be on your bookshelf. Pick it up, turn to any page, and gain a valuable piece of knowledge.

I count 162 lessons. If there were 365, a daily flip calendar would be the perfect format (and the perfect gift for any marketer).

selling the invisible is a classic work on B2B marketingThis book is remarkable for its ability to foresee, and shape, future trends in marketing. Though published in 1997, Selling the Invisible anticipates the digital marketing future by imparting concepts we take for granted today: Set your business apart, think continuous improvement, disrupt yourself before your competitor disrupts you, marketing is everyone’s job, improving your service is improving your marketing, market to your core competency, dominate your niche, et cetera. Beckwith proves these maxims without the B-school terminology, and without digital examples. Yet the fact that these concepts are accepted wisdom today, and part of any business school curriculum, points to Beckwith’s influence and foresight.

Most powerful is the core message that every business is a service business. This means that the marketing imperatives of an electronics maker and a software designer are the same. Businesses of all kinds keep customers based on the level of interaction they provide, on their attention to detail, on the strength of their brand. In 2015, businesses also face the leveling plain of social media, with its immediate feedback and direct customer service. Surely Beckwith could not anticipate this coming technology, yet he prepares his readers for it perfectly.

I was pleased to see Beckwith spend time with concepts of organizational behavior (again, he does not use the academic term). The science of organizational behavior uses empirical psychology to show how humans make decisions. Mastery of this discipline gives any marketer a huge advantage. Beckwith uses the section he calls “How Prospects Think” to explain such concepts as familiarity bias, recency bias, anchoring, and the halo effect. He offers the best 15-minute introduction to marketing psychology I have seen.

Even in a universally strong volume, the section on positioning stands out as a tour de force. Start with a fanatical focus on the one thing that distinguishes your business, and then position outward from there. If you cannot find this one factor, look harder until you do find it. Beckwith declares that differentiation is the starting point of any communication strategy. It is hard to disagree with him.

I particularly enjoyed Beckwith’s stories about making your marketing exciting, a concept he terms “vividness”.

With very few exceptions, each story hits home and illustrates its lesson well, but a few fall short by offering a point that is too breezy. For example, Beckwith tells the story of a passionate salesman who wins every deal by being his authentic, charismatic self. This engaging vignette closes with the advice, “You should copy him”. Suppose you are not the natural salesman of this story? What if you are affectless, and not affectionate? It cannot be possible to imitate a presenter whose very power is his authenticity. The story is terrific, however the lesson does not follow so easily. Just a few of the stories fall flat in this way.

Selling the Invisible is visionary, a series of parables that have stood for 18 years with no diminution of their power. I believe this work will still be essential for future generations of marketers.

Remember, Beckwith tells us, that your first competitor is indifference. Your alternative to reading Selling the Invisible is to read nothing at all. That choice would be a mistake.

Buy the book.

 

Want a Wealth of Attention? Think Socks

Marketing Masterpieces: short essays on product marketing

In technology marketing we often think bigger will be better. Complexity must be cool, and sophistication is sexy. But with everyone locked in an arms race to one-up each other for attention, sometimes the best attention comes from going back to basics.

Such as socks.

This week is Dreamforce, the giant technology conference and be-in for those of us in the jeans-with-suit-jacket set. The expected attendance this year is 150,000. The show is so big Salesforce rented a cruise ship.

So it’s no surprise that there are lots of companies vying for everyone’s attention. On the expo floor, exhibitors are up to their usual tricks to one-up each other.

Did your team come dressed in matching outfits? There’s somebody else with a full farm getup. I didn’t catch what this company was selling or how coveralls and fake cherries were related to their product.

Farm theme was not differentiated

Did you hear about the sponsor that’s giving away a Tesla? Yes? Somebody else is raffling off a Maserati. I don’t see their logo anywhere on that ride.

Maserati was not differentiated

And there is no shortage of costumed characters. This robot was coming over to fist bump me. But mascots don’t talk, and I couldn’t spot this one’s company in the mob.

Robot was not differentiated

In short, these cries for attention didn’t make a huge splash at Dreamforce today. No doubt some people are talking about these tactics, and they are surely better than nothing. But they lack uniqueness.

What did stick out was a more understated approach on display at WealthEngine. Like hundreds of vendors, WealthEngine has a swag giveaway. Rub the scratch-off to win one of the four prizes: power pack, adapter, selfie stick… or socks. The booth staff told me the socks were the most desired item.

WealthEngine use of swag is product marketing perfection

After visiting WealthEngine I stepped to the side and watched people coming to their booth. Sure enough, socks were the biggest draw. I stopped a few attendees who were out for swag. When I mentioned that WealthEngine was giving away socks they became animated.

“I’ll remember WealthEngine,” one woman told me, “because nobody else is giving out socks.”

In retrospect, socks are an ideal giveaway item for this company in accordance with the MEDICAL method.

  • They are memorable because socks will go in a drawer for years – even if you only wear them for Halloween. No one keeps or remembers squeeze balls.
  • They are exciting because you laugh when you first see them. Pens are dull.
  • They are differentiated because no one else is handing out socks. A dozen companies are giving away t-shirts.
  • They are informative because they have the brand right on them. Candy and coffee are consumed and forgotten.
  • They are consistent with the brand. WealthEngine’s website invites visitors to schedule a free demo: “Try us on for size and see how we fit!”
  • They are actionable – to the extent any giveaway can be – because the brand is printed on them. See the socks, go to the website.
  • Finally, they are localized – again, to the extent possible – because this company can serve any industry. A company giving away only tech junk may imply that it only helps technical clients.

In the technology arms race, WealthEngine differentiated itself with the lowest-tech swag possible.

The lesson here is not to go print socks for your company. Rather, it is to use your show giveaway as something more than a way to get people into your booth for a conversation they’ll quickly forget. Use this overlooked aspect of event marketing to stand out and to further your product marketing strategy.

When I think about socks and WealthEngine, I imagine that the company is trying to say several things about itself:

  • Socks are one-size-fits-all. We are able to serve your organization no matter your size.
  • Socks are simple and useful. Our service is easy to understand and will add value, not complexity.
  • Socks are comfortable. Your buying experience with us will be low-stress and easy.
  • Socks are considerate and practical. Everyone needs new socks. Your grandmother puts them in your Christmas stocking because she loves you. We hope this giveaway will lead to a corporate relationship that is equally fulfilling.

Socks are just right for WealthEngine. What is the promotional item that could set your company apart?

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