This is an article published by one of our faculty members, Steve Van Yoder. He gave me persmission to use it. I think it explains perfectly what he will be teaching at the retreat.
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Thought Leadership Marketing
David Silverstein, CEO of Breakthrough Management Group (BMG), works actively to cultivate his reputation in the corporate performance enhancement industry. He practices thought leadership marketing, a strategy that has helped him develop BMG into a global firm with eleven offices on
five continents in just six years.
This strategy centers on promoting BMG's reputation as a leader in Six Sigma consulting, training, and software support tools. David actively positions himself as an expert and resource by writing articles, giving talks, and influencing the overall discussion in his industry.
'I became the flagship for BMG's reputation, which has helped our global expansion tremendously. In Asia and Latin America, for example, where name recognition is key, my industry reputation has helped BMG's sales team get into key overseas markets,' observes Silverstein.
The Age of Thought Leadership
Marketing used to be about 'getting in front of' prospects. But in the era of the empowered consumer, traditional marketing methods like advertising, direct mail, cold calling just don't work any more.
In an Internet-driven age, consumers expect to find companies through their own efforts, often through a search engine. They actively seek solutions to their own problems. We live in an era in which buyers distrust marketing 'claims.'
Since the old rules of marketing no longer apply, businesses are increasingly turning to thought leadership marketing-- a mindset based on earning trust and credibility, and building recognition as a trusted resource.
Thought Leadership in a Virtual World
In the Internet Age, prospects often find you, instead of the other way around by Googling around for someone with your skills. Prospects expect your business to be 'findable' on the Web, and to have a credible record of results.
Many of us now form 'virtual first impressions' of people and companies in a few seconds through our Internet browsers. How often does your business appear, and how high does it rank, in a Web browser?
Online prospects expect you to make a virtual 'case' for yourself. If you don't make a good impression or appear lackluster compared to your competitors, you will lose the potential client or customer.
The Internet has created a new marketing reality. It affects every business, regardless of size or industry, and presents both challenges and opportunities.
Show, Don't Tell
Consumers increasingly expect businesses to show, not tell, when describing their abilities, expertise, products and services.Thought leadership centers on providing useful content, information, and resources to attract prospects, make them receptive to your marketing
message, and help them make an informed choice. Thought leadership works because it is not a sales pitch, but rather offers prospects a chance to engage in a two-way dialogue with companies of interest.
Elements of a Thought Leadership Program
As a thought leader, you put your clients' and customers' needs first, and advance the perception that you know your business deeply and truly understand your target market. You can pursue a thought leadership marketing strategy with communities where members of your target market congregate.
Cultivate Influence
Thought leaders position themselves as centers of influence, who are always 'present' within their target markets. Visibility is part of their formula, so they create opportunities to be seen, read, and heard by the people who matter most on a regular basis.
'Thought leadership requires a spirit of generosity - generosity of one's time, intelligence, and knowledge,' says Elise Bauer of Pacific Group. 'It requires a trust that by being open with what you know, and by sharing your time and knowledge, the world will reward your efforts.'
Media Strategies
Thought leaders establish relationships with editors and publications in the trade, and in local, national, and international media to enhance their credibility.
David Silverstein frequently writes as an expert for Business Week, Executive Decision Magazine, and Healthcare Strategic Management. Consistent media coverage has built name recognition for BMG in fields ranging from financial services, to healthcare and manufacturing.
The Internet
Thought leaders factor the Internet into their marketing plans. Your website should be a source of useful information for customers, potential customers, and influencers. A blog can serve as an effective tool for practicing thought leadership. A blog puts a human face on a company and signals to your target market and to influencers that you want to engage with them.
Speaking
Identify trade shows and conferences that customers and industry influencers are attending, and get on their panels or lead workshops. Find local associations that host speaking events and ask to give a talk. Silverstein is a sought-after keynote speaker, and chairs numerous high-profile industry events. He appears annually at the International Society of Six Sigma Professionals Leadership Conference, with other speakers such as Jack Welch and Stephen Covey.
Write and Publish
Thought leaders create and distribute information such as white papers that educate their target market about issues related to their business.White papers are often downloadable PDF files that serve as online 'bait pieces.' When done correctly, a white paper is the vehicle for a thought
leadership marketing strategy, and also attracts prospects via search engines and other online channels.
Many of my future posts will discuss thought leadership: defining it as a concept, highlighting what works in pursuing a thought leadership marketing strategy, and defining its overall role in the Get Slightly Famous marketing model. I'll also be profiling companies of all sizes and industries, which
are living the thought leadership mindset. Stay tuned!