Be smarter about your inquiries! . . . I see inquiries being awfully underutilized for simple use cases and basic questions. Despite being a paid service, it seems like everyone is putting briefings on a pedestal, leaving inquiries in the dust. Let's talk about making the MOST out of inquiries, which, let's be honest, often, we're just scratching the surface. Yes, briefings are important, but inquiries? It's your private market expert session! If you're not seeing ROI from your inquiries (or even measuring it), it's time to change things up with these few inquiry improvements. ❌ Stop using inquiries for: ▪mandatory check-ins ▪market trends ✅ Start using them for: ✔️ product feedback ✔️ competitive intel ✔️ market positioning ✔️ buyer needs & behavior ✔️ market sizing ✔️ message testing ✔️ pricing & packaging ✔️ customer retention & success ✔️ M&A strategies Why? Because analysts are literally the only people in your market categories who: ➜ talk to 100s of vendors in the space ➜ connect with software buyers and users ➜ have access to detailed RFIs of your top 10 competitors ➜ speak to clients of your competitors during reference calls ➜ get 2-hour-long product demos and briefings ➜ get regular updates from the key market players ➜ have your competitors (and you) fight for their attention The question is why would you NOT listen to them? #AnalystRelations #ARchat #InquiryStrategy #MarketIntelligence #ARCommunity
Inquiries are also a great way to align your R&D roadmap to what really matters. 🙌🏽
Right on as usual Terezia Batovska!
Doc Reviews ftw!
Great visual and reminder. Check also the IIAR> Best Practice Paper on analyst inquiries by Sarita Kincaid, Noelle C. Shipley, Robin Schaffer, Ludovic Leforestier with contributions from many others > https://analystrelations.org/2022/05/09/iiar-best-practices-webinar-running-and-leveraging-analyst-inquiries/
I really enjoy product feedback, positioning, pricing, message testing, etc. during inquiry.... so definitely a great list! Asking "what are the market trends" can be a bit too broad... I'm happy to discuss that (or, you can read my reports)... but it tends to be a bit "how big is a ball of string".
Great advice Terezia!
Lead - Global Analyst & Advisor Relations and Public Relations | Post Graduate Diploma
7moGood post but the on-ground challenges are different. It is difficult to convince SMEs to invest time for inquiry calls. The feedback is common "We don't find much value." And this is across organizations whatever be the size.