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RECENT PROJECTS
MetLife
Trinity is working with MetLife Retirement and Savings to promote an upcoming
sales incentive for brokers of their Structured Settlements product. Trinity
will provide concepting and creative implementation of communication tools
for the campaign including html emails, direct marketing, collateral, and
promotional items.
UPCOMING EVENTS
Wednesday, May 21, 6:00 p.m. - 9:00 p.m.
MIT Enterprise Forum of Cambridge
Telecommunications: Keys to Recovery
Room 10-250 at MIT
This event features Patricia Russo, CEO and President of Lucent.
For more information,
click here.
Wednesday, June 4, 8:10 a.m. - 9:00 a.m.
Greater Boston Chamber of Commerce
Life Sciences Forum
The Georgian Ballroom
Boston Park Plaza Hotel
For more information, click here.
Tuesday, June 17, 5:00 p.m. - 9:00 p.m.
Mass eComm
Annual Meeting
Fairmont Copley Plaza
For more information, click here.
IN RECOGNITION
Trinity would like to applaud our own Amy Peterson, for the following:
1. Her willingness to help out whenever possible
2. Her eagerness to learn new tasks and take on challenges
3. Her outstanding contributions towards new business efforts
4. Her ability to keep the office running smoothly by managing administrative
responsibilities
Congratulations, Amy, and thank you!
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Welcome
to the May 2003 issue of The Angle, Trinity's monthly newsletter
which has been designed to keep you abreast of current industry trends,
events and information.
This month's article is a special feature by an independent consultant,
Barry Horwitz. Barry focuses on growth strategies for companies ranging
from early stage to Fortune 500. Visit Horwitz & Company at www.horwitzandco.com.
Marketing Strategy in the Life Sciences Industry
Life sciences companies offering products or services
directly to consumers face unique marketing challenges in terms
of identifying their target audiences and finding an effective means
to broadly define their market. Doing both of these effectively,
however, is the path to faster adoption of new products or services.
Below are a few key points:
Identify and understand all relevant audiences
While selling directly to an individual consumer, you are also indirectly
selling to a host of "influencers," those that the individual turns
to in gathering knowledge and advice during the decision-making
process. Medical professionals and associations as well as "informal
influencers" - friends, family, current customers, and the general
public - are all target audiences.
Understanding how these indirect audiences influence the consumer
decision are a critical part of defining your marketing plan. The
sales process is made more productive by striking the right balance
between educating various parties and direct marketing.
Research your audience's decision-making process
Purchase decisions typically require consumers to understand a complex
set of facts, leading consumers to conduct independent research.
Life sciences companies that do their own marketing research (to
understand the questions and order of questions that need answering
and how customers learn of a product) will be able to develop marketing
plans that ensure they are delivering the right message to the right
audience at the right time and in the right media.
In a recent client project, we found that in a typical consumer's
early stages of exploration, their focus was on understanding the
issues about the service, rather than differentiating between companies
providing the service. We concluded that marketing copy that touted
the company in detail was actually viewed as reducing the credibility
of general information messages. Only later in the decision process,
consumers became more receptive to company-specific information.
This suggested developing a more general overview piece, to be followed
by a more company-oriented piece.
Public relations as key education tool
A good ground-level public relations and media effort provides a
stronger base to the marketing mix. As in most industries with a
complex or new offering, providing a base education to the general
public helps accelerate the sales process by creating general awareness,
and by positively impacting the opinions of consumers and their
influencers alike.
PR activity can be focused on several areas:
- Cultivating relationships with relevant members of the general
press
- Translating early technical writings into lay terms
- Informing editors of the availability and accessibility of company
scientists and researchers
- Positioning the company as the authority on any issue related
to its offerings
- Proactively being a source of interesting news - bringing new
ideas to editors whenever possible
Over time, an investment in developing these relationships
will help establish a company's position as an industry leader,
and lead to increased press coverage when there is important news.
The benefits of a well-conducted public relations campaign include
generating increased awareness of the product or service, positioning
the firm as an industry leader, having third-party endorsement by
the media, and ultimately, improved effectiveness of your sales
process. With consumers more aware of the product or services, they
will be more likely to proceed with evaluating the company and its
offering, allowing your sales-people to spend less time on basic
issues, and more time closing the sale.
Conclusion
When the science behind the product or service is new to the general
public and the underlying issues are not broadly understood, choosing
the right balance between market education and direct-to-consumer
marketing and sales will pay off. It will pay off in higher close
rates and improved effectiveness.
Trinity News
- Trinity's Crisis Communications Seminar a Success
This free breakfast seminar focused on effectively managing
crisis situations. For a written summary of the event, please
contact Jennifer Harrington at jharrington@trinitynet.com.
- Every Network Hires Trinity for Marketing and Public Relations
Trinity will assist Waltham, Ma-based Every Network, a provider
of IT consulting and services, with its identity, branding and
public relations. Trinity will also oversee public relations and
communications outreach for their Silicon Valley and New York
offices.
Established in 1993, Trinity Communications is a B-to-B marketing
services firm that helps clients build relationships and sales through
creative communications. To learn more about Trinity, go to TrinityNet.com.
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