The marketing hourglass consists of seven stages or behaviors. The seven stages are; know, like, trust, try, buy, repeat and refer.
The first three stages are where you create the relationship. By guiding people through these stages, showing up, educating them, and building trust. That’s how you attract your ideal customer and show people why they should pay a premium to do business with you.
Know
If we have a problem we want to know who’s out there. What are the answers? What are the solutions?
We run advertising and we show up. When somebody goes out and searches we have our content out there. We are participating in social media and building communities.
And then once we land on somebody, what do we do? We immediately go to their website and investigate. We assess if the site looks out of date or tacky. It might load really slowly or the forms might not work. All of those small moments contribute to our larger assessment of whether we like the company or not. And we ask ourselves, is this a company that can solve my problem? Do I think they have the answer? All of these are things we take into account when moving people past that first impression threshold.
Trust
Next comes trust. We start looking for visual cues. We start asking ourselves, who else trusts them? Who else have they delivered results to? We start to look for familiar logos and referrals from companies we know. Do I see people who are really smart and reputable? Do I see the company being featured in publications? Is there social proof? Are there reviews? Are they working with people that I know? And most importantly, are they working with people like me, people that have the same problem as me?
The next two stages, try and buy, build the bridge for long-term success. Scaling and growing a business with your ideal customers does not happen after you get the customer, it happens at these two stages.
Try
The try stage does not just include a 30-day free trial offer. It is much bigger than that. Every time a potential customer picks up the phone and calls your business they are given a trial run of what it might be like to work with you. So what does this stage look like for your business? What is your inbound caller process and what trials do you offer? Do you offer a free quote, free evaluation, or introduction call? Do you provide forms or worksheets for them to try? What are you giving them that allows them to try before they buy? If you can offer value in your free or low-cost options people will be more likely to invest their money in you because they have seen what you can deliver already.
Buy
Next is buy or how the transaction happens. Most of us have been let down at some point when we’ve bought. Buyer’s remorse is a real thing. We want the buying experience to be just as great as all the other experiences leading up to it.
So you have to think about how you deliver your product? Do you have onboarding? Do you have an orientation? Can you communicate how you’re going to communicate? What is the actual content?
Content is not just created to get an order or customer. In fact, one of the best uses of content is after the sale to teach people what they purchased, show them how to get more value, show them what else you sell.
The final two stages of the marketing hourglass lead to scalability. Learn to scale with your clients, as opposed to constantly relying on going out and getting more clients.
Retention
What does your retention process look like? Are you continuing to educate? Do you have special offers for existing clients? Are you cross-promoting? If you focus on discovering what else they need and consistently delivering value even after the sale those customers will stick with you.
Refer
Texas Tech just surveyed 2,000 consumers and 86% of them said they had a business they loved so much that they would happily refer. But only 29% said that they actually made that referral. So maybe there’s some money in closing that over 50% gap of those customers of ours that love us, but never tell anybody about us.
What are you doing to stay top of mind with your clients? What are you doing to nurture those champion clients? There is a huge amount of business in co-marketing and developing strategic partners outside of your client base.
These all have to be intentional processes that you build into your overall marketing plan. Marketing doesn’t stop after running a couple of Facebook ads and delivering some free content. It is the entire process. It is the entire end-to-end customer journey. If you really want to build momentum, if you really wanna scale your business, then marketing doesn’t end until someone else is telling other people about your business.
Content
The last stage in creating the perfect marketing strategy for your business is content. Are you tired of constantly creating and delivering new content? What if I told you that you did not have to.
So many people, like myself, stood up on stages 10 years ago and said, content is king and everybody believed it. The content was like air, you needed it to survive. You could not play in the marketing game without a fair amount of content or a real focus on content.
People started to try to create so much content, so quickly that there was just a content dump without any real strategic goals. Content is not a tactic. It is the voice of strategy.
Content is not just blog posts. Your emails, videos, case studies, referral events, what you do and say when networking; it is all content. And content needs to be focused on guiding people through each of the stages of your marketing hourglass. Content is a tremendous lever to help you guide people through the stages.
Landing pages, blog posts, core web pages, free tools. These are the types of content that people are going to consume when they’re doing initial research and getting to know your business.
Next, when they go to your website what happens? Are there tip sheets or how-to videos? With this type of content, they will decide if they like you and if you know what you are talking about.
Then in the trust category, the content is a little more segmented. Your customer is starting to ask themselves if you understand what their needs are? The content strategy here is case studies, webinars, comparison guides, and engagement.
The next question they will ask is, is there something I can try? Do you offer communities to join, free assessments, or samples as part of your content strategy?
At the buying stage do you have content created for demos, audits, FAQs?
When it comes to producing content for the repeat stage, how do you go about it? What do your social media content, cross-promotion, and user roadmaps look like?
Last but not least, your referral content includes reviews, referral training, strategic partnerships, and co-marketing among others. Ask yourselves where are you leading your customers after they purchase?
Each one of these stages has a need for a specific type of content. As a marketer, you need to consider every piece of your content that you’re thinking about producing and make sure it focuses on a stage of your end-to-end customer journey. Your content will become the voice of your strategy. Your content will be useful instead of just another tactic.