
{"id":9571,"date":"2022-03-25T09:00:41","date_gmt":"2022-03-25T16:00:41","guid":{"rendered":"https:\/\/www.rightwave.com\/rwi\/?p=9571"},"modified":"2023-09-29T20:35:45","modified_gmt":"2023-09-30T03:35:45","slug":"b2b-marketing-tools-shiny-objects-or-real-results","status":"publish","type":"post","link":"https:\/\/dev1.rightwave.com\/rwi\/b2b-marketing-tools-shiny-objects-or-real-results","title":{"rendered":"B2B Marketing Tools: Shiny Objects or Real Results"},"content":{"rendered":"<p><span style=\"color: #000000;\">The Marketing Stack must serve the business needs. Dozens of platforms and hundreds of applications are available. Each costs time to install, implement, and integrate. Many also cost money, some extravagant amounts. While it is tempting to try the latest cool tool, B2B marketers must consider these downsides. Ultimately, the tool must allow, actually more than allow, it must <i>facilitate<\/i> the provision of quality leads to the Sales department. Furthermore, the benefits should outweigh the outlay of time and funds.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prevention, not falling for shininess, is better than removing sparkles from the stack. The latter gives rise to the sunk cost fallacy. No matter how clumsy the software, no matter how much it duplicates other tools, no matter the number of problems, the temptation is to note that so much time and money has been invested, the tool must be made to work and marketers must be required to use it. Past hassles and costs are harbingers of future troubles. The only benefit of this tool is as a lesson learned: prevention!<\/span><\/p>\n<p><span style=\"color: #000000;\">Prevention for simple inexpensive tools can also be simple and inexpensive. If some of the following questions have \u2018no\u2019 as the answer, it is time to ignore the shine and either do without or find a better solution.<\/span><\/p>\n<p><span style=\"color: #000000;\">Does this tool<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">contribute to finding quality leads?<\/span><\/li>\n<li><span style=\"color: #000000;\">fill a need unmet by existing tools?<\/span><\/li>\n<li><span style=\"color: #000000;\">cost less than it returns?<\/span><\/li>\n<li><span style=\"color: #000000;\">install quickly on one of the existing platforms (marketing automation or CRM)?<\/span><\/li>\n<li><span style=\"color: #000000;\">require little or no implementation effort?<\/span><\/li>\n<li><span style=\"color: #000000;\">have good reviews from similar companies?<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">For complex systems such as the platforms mentioned above, a substantial search and selection process is needed. Steps include:<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\">Defining the features needed and weighting them, a process that must include all types of users: marketers, sellers, administrators, managers, and executives.<\/span><\/li>\n<li><span style=\"color: #000000;\">Identifying a number of possible systems to create the \u2018long list\u2019.<\/span><\/li>\n<li><span style=\"color: #000000;\">Whittling the long list down to the \u2018short list\u2019 by examining the most heavily-weighted features.<\/span><\/li>\n<li><span style=\"color: #000000;\">Possibly sending a Request for Quote\/Proposal if this is common for this type of system.<\/span><\/li>\n<li><span style=\"color: #000000;\">Scoring the features of all of the systems.<\/span><\/li>\n<li><span style=\"color: #000000;\">Comparing current and future prices (e.g., as the number of users and\/or database size&nbsp; increase) for two or three finalists.<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">This process may take the luster off the choices so that the selection is based on reason, not sparkle.<\/span><\/p>\n<p><span style=\"color: #000000;\">RightWave can support several marketing automation systems and many complementary products. For more information<\/span> <a href=\"https:\/\/www.rightwave.com\/rwi\/contactus\/\">contact RightWave .<\/a><\/p>\n<p><span style=\"color: #000000;\">References<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\">Bearton, Anita. \u201c<\/span><a href=\"https:\/\/www.cmswire.com\/digital-marketing\/does-size-matter-with-martech-stacks\/\" target=\"_blank\" rel=\"noopener\">Does Size Matter With Martech Stacks<\/a><span style=\"color: #000000;\"><span style=\"color: #00ccff;\">?<\/span>\u201d. <i>CMSWire<\/i>, August 16, 2021.<\/span><\/li>\n<li><span style=\"color: #000000;\">MacNeil, Caeleigh.&nbsp; \u201c<\/span><a href=\"https:\/\/asana.com\/resources\/sunk-cost-fallacy\" target=\"_blank\" rel=\"noopener\">How the sunk cost fallacy influences our decisions<\/a><span style=\"color: #000000;\">\u201d. <i>Asana<\/i>, January 10, 2022.<\/span><\/li>\n<li><span style=\"color: #000000;\">Smith, Eric Arthur. \u201c<\/span><a href=\"https:\/\/www.chiefmarketer.com\/too-much-martech-how-many-tools-do-you-really-need\/\" target=\"_blank\" rel=\"noopener\">Too much Martech: How many tools do you really need<\/a><span style=\"color: #00ccff;\">?<\/span><span style=\"color: #000000;\">\u201d.<i> Chief Marketer<\/i>, January 23, 2022.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Marketing Stack must serve the business needs. Dozens of platforms and hundreds of applications are available. Each costs time to install, implement, and integrate. Many also cost money, some extravagant amounts. While it is tempting to try the latest cool tool, B2B marketers must consider these downsides. Ultimately, the tool must allow, actually more&hellip;<\/p>\n","protected":false},"author":4,"featured_media":83671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/posts\/9571"}],"collection":[{"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/comments?post=9571"}],"version-history":[{"count":6,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/posts\/9571\/revisions"}],"predecessor-version":[{"id":83673,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/posts\/9571\/revisions\/83673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/media\/83671"}],"wp:attachment":[{"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/media?parent=9571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/categories?post=9571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev1.rightwave.com\/rwi\/wp-json\/wp\/v2\/tags?post=9571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}