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4-R Marketing Model To design and execute marketing programs that drive revenues. The business world is teeming with marketing models. Michael Porter’s competitive forces model and Geoffrey Moore’s technology adoption life cycle with its chasm that must be crossed are two examples of structures used to talk about marketing. And talk. And talk. Sometimes concrete strategies actually come out of the conversations around marketing models, but more often than not the talk contributes toward some flashy plan document that ties marketing to industry buzz phrases. This kind of process is a “big company” phenomenon—it takes the kinds of resources that big companies have to spend time and money on intellectual exercises that may or may not lead to results. Small/medium businesses can’t and don’t mess around with theoretical marketing models. Time and money are too valuable to waste on essentially academic analysis. Resources need to be applied to tasks that will help increase business and/or decrease costs rather than to lots of talking about things. Forget the models—it’s obvious what we need to do, so let’s just go do it. Well, yes and no. Yes, the “big company” think tank approach to marketing is a luxury that small companies can’t afford. No, this doesn’t mean that it is better to pursue marketing activities without some kind of context to put them into. A model can be useful to a small company—it can help make sure that opportunities are not being missed, that all components of the marketing function are being deployed, and that the right programs are being funded. The trick is to have a simple model that leads to sensible discussion, which in turn leads to identification of specific objectives and the programs needed to achieve them. Ladies and gentlemen, I give you the 4-R
Marketing Model. This is a very common sense model in terms of the R’s themselves. It distills down marketing activities into four primary arenas: Research, Recognition, Reputation, and Relationship. Any marketing you do should focus on at least one (preferably more) of these. Showing the model components in a circle with clockwise moving arrows implies a few things. First of all, no component is either more or less important than another. Second, though reason indicates that the place to start would be “Research,” use of the model can start in any of the quadrants with the logical next step being in a clockwise direction--so that Research contributes to Recognition which contributes to Reputation which contributes to Relationship which contributes to Research…and so on. In practice, the model does not follow such a tidy stepwise progression—activities for all 4 R’s will most likely be pursued simultaneously. During the planning process, though, thinking in steps from one R to the other is easier to manage than jumping all around.
Research Don’t get me wrong. If you can afford to hire a specialist firm to conduct research for you, by all means do it. It will be worth the investment. It’s been my experience that most small to medium companies either don’t have the resources for this, or they don’t think it a high enough priority to assign resources to. Too often this is an “all or nothing” thing—they can’t pay the professionals, so they don’t do any kind of research for their businesses. 4-R Marketing is not a market research firm, so we don't offer full-on research services. However, there are any number of “amateur” research strategies that we can help you with. Examples of cost- and time-effective research strategies include:
These and similar strategies require reasonable and affordable resources, and will provide good information to use for market planning. 4-R can coach you in the use of these strategies yourself, or can work along with you to execute them. Contact us >
Recognition
These activities usually have a high direct-cost component because firms have to hire various creative contractors to produce the desired materials and pay other services (web hosting, printers, silk screeners) to provide other parts of the puzzle. Other elements of recognition can include a clear mission message that is understood by employees, customers, and vendors, sponsorships of various kinds, and mentions in local and trade media. There is a lot of “stuff” in the recognition component—tangible items that need to be produced, copy that needs to be well written, vendors/contractors that need to be managed effectively. Costs can run away if recognition-oriented projects are not well managed. Also, if each element is contracted out separately, and to separate vendors, the chances of presenting a unified "personality" to the market are pretty slim. 4-R’s marketing project management services are highly effective for recognition tasks. We know how to work with creative contractors to get their best work for the best price, we know how to work within deadlines and budgets, and we are well-versed with the coordination required to have the various recognition elements come together into a clear picture of the company and its services. Contact us >
Reputation Word of mouth (or an electronic equivalent) figures largely in the reputation component. Customer stories and testimonials help spread the word. Publications in various forms (conferences/symposia, media articles, self-published white papers) can be distributed electronically and in hard copy through multiple channels. Thought leadership is a much-used business term that falls in the reputation component. Service firms especially need to strive for thought leadership in their areas of expertise. Public speaking gigs by the firm’s principals expose the firm’s expertise to many people at a time. A periodic newsletter showcases both the firm’s knowledge of its service area and its understanding of the needs of its target customers. Methods used to gain recognition also serve to establish and maintain a good reputation. Trade show participation can move into showcasing the firm’s talent once recognition is established. Event sponsorships can be chosen to spotlight the firm’s preeminence in its field. Close affiliation between recognition and reputation activities will leverage the resource investment and achieve objectives in both components. Custom events can be part of the reputation component. Workshops, training courses, management seminars—either alone or with partners—can be produced to attract target customers and showcase the firm’s expertise. 4-R provides various kinds of support for recognition activities. We are experienced and pragmatic online and offline event managers, and know how to mold an event to meet objectives. We produce thought leadership materials that promote reputation. And we are adept at creating positive word of mouth through a number of methods. Contact us >
Relationship Activities that fall into the relationship component are specialized versions of activities in the recognition and reputation components. Examples of pursuits that enhance relationship are:
4-R helps its customers design relationship-oriented activities that may stand alone or be part of activities in the other components. Contact us >
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