I can’t think of a single product, service or technology that doesn’t have some sort of competition. Even high tech medical devices that might be otherwise be considered first entrants or category creators still have to differentiate themselves from the competition. When marketers are developing their competitive marketing strategy they take these three types of competitors […]
5 Steps for Better Marketing Metrics [Infographic]
“If you don’t know where you are going,you’ll end up someplace else.” -Yogi Bera For med device marketers, getting clarity on your marketing metrics is a great step to ensure that you’re achieving your marketing objectives. But how exactly can you ensure that you’re creating truly meaningful metrics? We have put together a 5-step infographic to show […]
Marketing Metrics for the Medical Device World
The return on investment in marketing and advertising activities has always been tricky. It doesn’t help that sales can be quantified in a number of different ways – dollars, units, share. And then when you add the extra complexity of selling on consignment, slob rates, inventory turnover, contracted pricing, NGOs, it’s no wonder that clearly demonstrating the impact that […]
Defining your brand’s SQ
What in the world do we mean by your brand’s SQ? No doubt you’ve heard of I.Q (Intelligence Quotient) and perhaps even E.Q (Emotional Quotient / Intelligence). Now a high IQ doesn’t necessarily translate into anything meaningful in life – fortunately or unfortunately depending. But a high EQ? Then you also likely have better job performance, enhanced leadership […]
LinkedIn for Med Device Companies
LinkedIn can be an especially powerful tool for building your business or brand in the B2B space. When you look at the statistics, 96% of Americans are on Facebook so it’s no wonder that many people are focusing efforts there. But the second highest percentage of people are networking on LinkedIn and the types of […]
A Business Plan Number Does Not a Marketing Plan Make
Companies often spend weeks if not months working out their business plans for the coming year. The presentations get written, presented to ‘The Board”, get reviewed, critiqued and then re-written. The focus of the critique and the re-write is often in relation to the BP Number – how much money the brand, the team, the […]