All About Email for Medical Device Marketers

Email for medical device marketing

Here at The Matchstick Group, digital marketing seems to be all we talk about these days. And, for good reason! With live events and meetings on hold, it’s time for the Medical Device world to master digital marketing. Check back here or subscribe to our email list to stay up to date with our tips and tricks.

In our last post, we gave an an updated Med Device launch timeline that replaces in-person activities with digital.

Today, we’re turning our attention to email. Why? Well, when it comes to marketing in a digital World, email has to sit at the center of your strategy.

Why is that? Well there are some very compelling reasons, including:

  1. It’s the channel that you own and have the most control over.
  2. Email is ubiquitous: almost everyone has it.
  3. Most people prefer to hear from businesses via email vs. other channels.1
  4. On ROI, email outperforms most other channels, ranging from $38 to up to $70 for every dollar spent.2
  5. It also scores high for effectiveness, just after personal referrals and thought leadership.
  6. Email is a proven revenue driver.4
  7. It gives you the most control.
  8. 99% of people check their email daily.5
  9. Even simple emails can be highly effective.6
  10. It’s low in cost.

In a sense, your other digital marketing tactics, from blogging to social media posts to webinars, are like streams that all flow to your database. Email allows you to communicate with the contacts in your database in a way that gives you many levers of control, the ability to personalize, and which, statistically, gives you the greatest chance of making a sale or moving a relationship onto the next step.7

So, what should be the broad goals of your email strategy? Generally speaking, email allows you to accomplish the following:

  • Strengthen Relationships with Your Audience
  • Build Your Brand
  • Generate New Leads

Let’s have a look at each of these objectives one by one.

Strengthen Relationships

Relationships are all about give and take. Great sales people know this and they are masters at finding out what their clients want and need and delivering that to them in the process of building the relationship up to the sale.

In the digital marketing world  relationships are generally built by offering  valuable content to your prospects. This might take the form of a blog series, a webinar, a podcast, a tool or an ebook. Whatever it is, this content should solve an actual problem for the prospect, be well thought out and delivered in an attractive package that is easy to consume.

The fact is that the idea of reciprocity is built into the human psyche and if you truly are delivering value to your prospects and leads, they will eventually want to return the favor.8

Build Your Brand

Every contact you have with your audience is a chance to build your brand and email is no different. From the subject lines you choose, to the images you put in the email, to your greeting. The small details of your email can reflect what you want your potential customers to think of your brand. Use care and attention to details so you can communicate on every level.

See your email channel as a chance to build your brand voice in the mind of your prospects. Let them get to know your company and the “why” behind your offerings by telling compelling stories that tie in with your products and your company. Medical devices by their very nature save lives everyday, so your brands and your company has a powerful story to tell. 

Generate New Leads

At the end of the day, marketers are often tasked with delivering fresh leads for the Sales team to close. And with a new focus on digital marketing, leads qualified by marketing are of an even higher priority.

Since a B2B sales cycle tends to be longer than a B2C sales cycle, and B2B customers need a higher level of education and justification for the purchase, it is ideal to use email for lead nurturing so you can lead your prospects through the Buyers Journey before handing them off to the Sales team.

This is especially true when it comes to Medical Devices! Your buyers want and need education about your products. Case studies are a great way to showcase how your product can solve their unique problems.

The Importance of Mobile

One final tip – physicians, clinicians and other medical professionals are often on the go and are likely to be reading your emails on a mobile device. Therefore, be sure to optimize all your email for mobile. What does this mean exactly?

Here are some things to keep in mind when designing emails for mobile:

  • Use big, easily readable buttons and text.
  • Edit generously to get your message across with the minimum amount content.
  • Break text into more paragraphs than you normally would.
  • lnclude the ability to send an email to the right contact, and click-to-call features where appropriate.
  • Provide quick and easy access to your product information.
  • Consider offering an app.

1. According to the HealthLink Dimensions survey, over 68 percent of respondents prefer to be contacted through email, while only 11 percent want information via direct mail or in-person visits. 

2. https://www.emailmonday.com/dma-national-client-email-report-2015/

3. TBA

4,5. https://blog.hubspot.com/marketing/email-marketing-stats

6. https://www.impactbnd.com/blog/images-vs.-no-images-in-marketing-emails-newsletters

7. https://dma.org.uk/uploads/misc/5a7c1de1ca4d7-marketer-email-tracking-report-2018_v2-final_5a7c1de1ca425.pdf

8. https://en.wikipedia.org/wiki/Reciprocity_(social_psychology)

 

Learning to Navigate The New Normal

Learn to navigate the new normal

(Originally published on June 22, 2020) Fresh off the press in this month’s PM360 magazine “Quarantine Issue,” The Matchstick Group founder & CEO Melissa Wildstein dives into post-COVID19 marketing strategy for the medical device market in this article.

In the Four Biggest Challenges Facing Medical Device Marketers, Melissa shares her insights on not only the challenges, but more importantly, the opportunities facing med device marketers right now.

Melissa brings over two decades of strategic medical marketing experience to bear on the significant threats to med device marketers’ bottom lines in this peculiar moment in history, and gives her well-honed advice on how to pivot to find success in the last half of the year.

She fully expects the post-COVID19 “new normal” to persist for the next 6-12 months, so you can’t afford to not consider her tips for your marketing strategy for 2021.

The challenges evaluated in the PM360 article are:

  • Hospital revenue loss
  • Increasing role of procurement
  • The transition from hospitals to ASCs and telemedicine for care
  • Pressure to market when sales can’t get in the hospital door

For every one of these challenges, Melissa gives her unique spin on the opportunity medical device companies have to re-position, re-target and to push past digital boundaries.

Go ahead and click over to the article so you can learn how to take advantage of developing trends to meet your annual targets and develop new avenues for sales in the rest of 2020 and into next year.

SABER™ Competitive Matrix

SABER™ Competitive Matrix

Challenge

The Cordis team was looking to launch a new balloon into the PTA space. One of the primary differentiators was the fact that their balloon had more sizes available than other competitive balloons. However, this point was getting lost in the general sales pitch

Objective

Simply and effectively communicate the breadth and depth of the SABER balloon portfolio

Strategy

Build a tool that didn’t just say that the SABER balloon had more sizes but actually showed the magnitude of the portfolio

Execution

The Matchstick Group, along with our app development team at LifeScience Media built an interactive tool that the sales team could use to show exactly how the SABER portfolio stacked up versus the competition. With a touch of a ‘button’ reps could compare the size offerings of the SABER balloon versus one or versus a series of competitors. This instantly showcased the breadth and depth that Cordis could offer. The portfolio matrix was embedded into the SABER HTML5 app

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RenLane™ Renal Denervation System Virtual Demo

RenLane™ Renal Denervation System Virtual Demo

Challenge

The Cordis RenLane Renal Denervation System was a complex one that included a renal denervation catheter, an intuitive touchscreen ,monitor and a powerful multi-channel RF generator. This made the system difficult to demonstrate in a typical 2 minute sales presentation.

Objective

To find a way for the sales representative to demonstrate the wealth of features and benefits in an arresting way - without carting a complete system into every call.

Strategy

Create an interactive ‘virtual demo’ of the system that either the sales representative or the physician could operative

Execution

An beautiful iOS app was created that allowed the user to click on any of the three different components to learn more. We utilized hotspots, embedded animation and video to complete the interactive experience. The app was distributed to the sales representatives - and made available at kiosks at key conferences.

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Surgical Specialties Corporation Cross-Reference Search Tool

Surgical Specialties Corporation Cross-Reference Search Tool

Challenge

Converting needle, knife, and suture clients to comparable SSC SKUs on sales calls was time-consuming and cumbersome. With the number of competitors, sizes, styles, and materials resulting in over 1,000 combinations, it was no wonder.

Objective

Make the process of identifying comparable SSC SKUs smarter, faster, and more user friendly to keep deals from cooling off.

Strategy

To convert customers to comparable SSC SKUs, convert the catalog to a Web-based cross-reference tool! Help the limited number of reps with limited customer face time by eliminating the single biggest barrier to sales: time-consuming and complex matching of existing SKUs to new SSC SKUs.

Execution
  • Click on “CUSTOMER PORTAL”. . . it is that easy to start accessing all the information necessary for anyone to automatically determine which SSC products will replace the existing customer product codes.

This elegant and powerfully efficient database provides product code searches and an online catalog search. It even allows for an XL upload of customer product codes from which the system will spit out corresponding SSC codes. Google Analytics shows that the page is the third most trafficked page on the Surgical Specialties Website. This highly impactful tool is such a clear-cut winner, SSC has asked The Matchstick Group and our digital partners at New Haircut to create the same functionality across multiple digital assets.

To access even more information on cross reference tools, check out our blog post here or download our handy cross reference reference guide.

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Thermocool SmartTouch(R) SF App

Thermocool SmartTouch(R) SF App

Challenge

The Biosense Webster team was looking to launch their newest catheter - the Thermocool SmartTouch® SF. Because this was the biggest update to their SmartTouch  brand, they wanted to provide the sales reps - and the physicians with a unique selling experience that would allow them to explore everything this new catheter had to offer

Objective

Create a unique selling experience that would set the Thermocool SmartTouch SF system apart and showcase it as the true innovation that it is

Execution

The Matchstick Group, along with our app development team at LifeScience Media, created a completely revolutionary app for the STSF team that made use of their existing materials - animation, physician video, sales brochure, clinical data etc… while upping the ante with an interactive 3D model of the device. With the 3D model component physicians, whether in one on one rep conversations or in a group or conference setting could spin, twist, hide and reveal the components of this device that were really making a difference.

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Product Naming

Product Naming

Challenge

The problem in a nutshell: stagnant sales from the market leader and inventors of a revolutionary knotless tissue closure technology.  The Matchstick Group started by conducting VOC research to determine why. What became clear from our interviews was that in order to reach the ‘tipping point’ the brand would need to transition from the ground up in developing a solution.

Objective

Increase brand penetration by determining which aspects of Quill™ motivated the early majority segment and then refine the campaign based on those findings.

Strategy

Create a relevant message for a new target - the early majority. This pragmatic segment is more risk averse than early adoptors and they respond to proof. They like case studies, best practices, data, and peer-to-peer references. SSC needed to walk away from the breakthrough and transformation messages to communicate convincing evidence that the Quill™ represented a clear advantage to traditional sutures.

Execution

The Quill Device website was the first communications channel to receive a refresh. A new, bolder creative look that made use of the primary branding

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Quill™ Knotless Tissue Closure Device

Quill™ Knotless Tissue Closure Device

Challenge

The problem in a nutshell: stagnant sales from the market leader and inventors of the knotless tissue closure technology.  The Matchstick Group started from the ground up in developing a solution. What became clear was that Quill™ was continuing to target the innovators and early adopters appropriate at launch in 2006. In addition Surgical Specialties Corporation had been playing a defensive game since the emergence of market competitors. The Matchstick Group identified the problem as one of positioning.  Quill™ would have to speak to an entirely different segment of customers with entirely different attitudes and motivations.

Objective

Increase penetration by determining which aspects of the Quill™ motivated the early majority segment and then create and execute a new advertising campaign based on those findings.

Strategy

Create a relevant message for a new target: early majority high volume plastic and orthopedic surgeons. This pragmatic segment requires is more risk averse than early adoptors. They respond to proof. They like case studies, best practices, data, and peer-to-peer references. SSC needed to walk away from the breakthrough and transformation messages to communicate convincing evidence that the Quill™ represented a clear advantage to traditional sutures.    

Execution

The Quill Device website was the first communications channel to receive a refresh. A new, bolder creative look that made use of the primary branding

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Supplier Diversity: how organizations can stand for change

At The Matchstick Group, we are troubled by the events that have taken place over the last several weeks, but the protests across the nation are highlighting issues that are often either ignored or maybe discussed for a minute and then swept under the rug.  

Over the past week more and more corporate voices have spoken up for equality and have offered up actions to contribute to being part of the solution. From using social media channels to amplify voices of color, to donating to worthy causes, many companies are committing themselves to social justice in this moment.

But a more tangible way that private organizations can commit to supporting people of color is through supplier diversity programs.

Some organizations have diversity supplier initiatives but others may question what supplier diversity is and why we need it. To answer this, we’ll walk you through the reasons why companies should meet this moment by increasing supplier diversity.

Standing as an ally is actually profitable

Supplier diversity programs are much more than a way for companies to show ally-ship or improve their public image. They also produce a proven positive effect on the bottom line. When companies bring in diverse suppliers, they’re bringing in flexibility, innovation, and fresh ideas. According to Diversitybestpractices.com, “On average supplier diversity programs add $3.6 million to the bottom line for every $1 million in procurement operation costs.”




Diversity is a cultural reality 


Conformity to old ideas and ways of doing things creates stagnation, which prevents your brand from to evolving and growing with the culture in which it exists. As Forbes succinctly puts it, “Conformity is the motto when it comes to processes and procedures, but not people.” Bringing in diverse ideas from various types of people adds to the wisdom you have about your brand.

Your customer base is diverse

What does it say about a company whose suppliers don’t reflect the diversity of their audience?  How can a company speak to their customer base (or sell to them for that matter) without having a true representation of their voices at the table? These questions illustrate just how relevant supplier diversity is to customers. If the company’s suppliers are not as diverse as their customer base, then there will always be unrealized opportunities for growth. Because the demographics of the US customer base is becoming ever more diverse, companies leave money on the table if they are not attuned to their changing needs.

But how can companies go about acquiring a more diverse supplier base?

There are a number of agencies that certify diverse suppliers. These organizations have a vetted process in place and suppliers often spend up to six months working on their certifications. As a WBENC-certified agency, we can speak first-hand about the integrity of these organizations and their strive to support equality. Consider looking here when putting out your next RFP.

How med device marketers can help those on the front line during the COVID-19 pandemic

how medical device marketers can help frontlines covid-19

The COVID-19 pandemic is something that no one was prepared for. We’ve all seen the headlines with nurses, clinicians, paramedics and hospitals that are in dire need of PPE, ventilators and other medical and protective equipment. As medical device manufacturers – and other companies – are working to increase production, adjust manufacturing processes and create new innovative solutions, several organizations are trying to put people, parts and manufacturers together.

Check these organizations out and add yourselves to the supplier lists as appropriate. Together we can all make a difference for those heroes on the front-line

PROJECT N95

From Project N95: Launched just a few days ago (March 20th to be precise) – with the mission to connect personal protective equipment (PPE) suppliers to those who need it most, the healthcare providers at the frontline. We’re a non-profit organization formed from a rapid-response team of individuals with healthcare, government, and technology industry experience. We’ve already received 1,700+ institution requests with 70+ million ppe needs. These are rapidly growing numbers (now available in realtime on projectn95.com). Interested in helping out? Here’s how you can get involved: -Visit ProjectN95.com to learn more -Sign up as a volunteer (PT or FT) -Share with your networks and point healthcare providers and/or PPE suppliers to submit requests via the site

Add yourself to the Project N95 Supplier list via the supplier intake form here: https://airtable.com/shrJBtM1BnIpMqqL6

WORLDWIDE SUPPLY CHAIN FEDERATION

From WSCH: The Worldwide Supply Chain Federation is the collaborative, and mutually supportive coalition of grassroots communities focused on technology and innovation in the global supply chain industry. The New York Supply Chain Meetup is its founding chapter.

See the following presentation for specific examples of how to connect

https://docs.google.com/presentation/d/1FD76kTaY97bilosqkOFkl1pG05v4uuCzhY1zFcNF8h0/edit#slide=id.g71cf8ff106_0_29

TECH RELIEF DIRECTORY

From Tech Relief: In response to the worldwide COVID-19 pandemic, we’ve launched the TechRelief Directory, an information source of potential risk-reducing and lifesaving technological solutions from across all industries and domains: https://techrelief.global/ Technology plays a crucial role in the fight to overcome the COVID19 crisis and its aftermath, saving lives and solving urgent problems. It is essential that information about available technologies around the world gets to anyone that needs it fast. To help people and organizations around the world save valuable time, a team of volunteers at Quasset has taken the initiative to create an open repository where information about available solutions can be found. We will keep improving this source of information continuously as we go along, adding more functionality and information.

How can you help? 1) Spread the word about the TechRelief Directory via social media and online channels. 2) Provide us with information about available technologies that can contribute towards the fight against COVID-19 [email protected]