Tag Archives: Elton Mayfield

5 Building Product Trends In the New Housing Market

18 Apr

Housing Market On The Up

The Housing Market is Evolving – Be Ready

As we move into 2013, I think everyone is in agreement, the housing market is recovering. In some places, it’s recovered, others sill have excess inventory or foreclosures, but overall – we are through the worst time our industry has ever seen (or wants to see).

So as we look forward to this ‘new’ normal what will the housing market look like? What trends do we think will occur or impact our business? the home buyer? the manufacturer? the lumberyards?

Heres my take on 5 things this ‘new’ normal means to our industry

  1. We all have to remember what we have gone through these past few years. It’s human nature to only remember the good things and let those bad memories fade away. We can’t let that happen this time. We need to manage inventories, not simply look for the quick buck and actually manage our businesses with the long-term in mind. Too many bad decisions combined with bad business practices left too many companies out of business.
  2. People will continue to stay in the homes longer. Maybe it’s just me, but it seems like homeowners have also learned some hard lessons. Too many people bought a home they couldn’t afford and then wondered why they couldn’t make that huge payout after 2 years. There’s enough hedge funds buying up real estate. People need to buy a home they can afford.
  3. Universal design and aging in place will explode. As a component of #2, people are aging in their homes. Some because they love the house they have lived in, but for many, it’s a very easy financial decision. The cost to make your home more accessible and useable as you age far outweighs the cost to sell your home and move; especially to any assisted living facility. Manufacturers and pros need to look at this as a huge opportunity.
  4. Multi-generational living isn’t going away. While initially people saw this as the Millennial generation moving home after college, it’s much more than that. In a growing number of family’s, the older generation is moving in with their ‘kids’. These homes typically were the primary home and may have kids off in college and now the grandparent(s) are living with the family. Again this becomes a financial, but also a great emotional, challenge for the entire family. Creating homes and products that work, in some cases, for three generations will be key.
  5. Millennials are in no rush to buy a home. For most of us, buying a home was something you wanted to do. It meant you had arrived. You were an adult. We need to understand that’s not at all how the Millennial generation approaches home ownership. That’s part of their contentment with living at home into their mid 20s. As an industry we need to realize that constant stream of new buyers may take a hit for a few years. Although there are plenty of hard working, financially stable 26-32 year olds, they simply don’t feel the need to buy a home right away.

So the housing market is really coming back, but it will be different and we all must learn from the past, and be prepared for the future.

10 Building Product Lumberyards You Should Follow on Twitter – Part 2

10 Apr

Screen Shot 2013-04-08 at 2.47.29 PM

Even more local lumberyards on Twitter 

Like I mentioned in Part I of my Top 10 Building Product Lumberyards You Should Follow on Twitter list, for many Twitter users, the hardest part is knowing who to follow so I’ve created a list. Here are the rest of my Top 10:

 6. Luedtke Lumber – @LuedtkeLumber

This Wisconsin-based lumberyard and hardware store not only has nearly 900 tweets, but utilizes text-based offers as well. While definitely more DIY than some, this lumberyard has grown to add more products and services beyond the traditional yard.

7. Bliffert Lumber – @BliffertLumber

Bliffert Lumber is another Wisconsin lumberyard that has millwork, hardware, decking as well as K&B. With over 800 followers and nearly 2,000 tweets, this company has integrated Facebook and Twitter to help promote specials and other customer information.

8. Mobile Lumber – @MobileLumber

While many yards are using Twitter for promotions and products, this Mobile, AL-based yard also utilizes it to recruit employees for all their locations in the Gulf Coast area. They have over 700 followers and are growing.

9. Star Lumber & Supply – @StarLumber

Closing in on 1,000 followers, this Wichita-based family owned yard utilizes many of its tweets to help educate and promote product knowledge and availability. In addition, they utilize their blog (blog.starlumber.com) for more in-depth product information.

10. Issaquah Lumber – @CedarExpert

As their Twitter handle implies, this Issaquah, WA yard focuses on cedar. As a family-owned Cedar Mill, they have nearly 2,000 followers looking for their insights on cedar products from decking to fencing and everything in between.

For even more lumberyards, check out my Twitter list at https://twitter.com/EltonMayfield/lumberyards. For a daily update from this list of lumberyards, subscribe to my daily paper: http://paper.li/EltonMayfield/1335936730.

Are the 4P’s relevant anymore in building products marketing?

26 Mar

Internet Being Left Behind

B2B has changed – the 4P’s don’t apply

Most marketers today know or knew of the 4Ps. They are the traditional marketing mix–product, place, price, and promotion. But these narrow views are increasingly battling with the essential need to deliver solutions.

In a recent article in the Harvard Business Review, Richard Ettenson, Eduardo Conrado, and Jonathan Knowles outline how B2B marketers need to adopt a new framework focused on solutions, access, value, and education–SAVE.

Having heard Eduardo, the SVP of Marketing and IT for Motorola Solutions, present how they transformed their marketing and in turn their company by utilizing the SAVE method, I wanted to share some of the key points from their article.

In a five-year study involving more than 500 managers and customers in multiple countries and across a wide range of B2B industries, they found that the 4P’s model undercuts B2B marketers in three important ways:

  1. It leads their marketing and sales teams to stress product technology and quality even though these are no longer differentiators but are simply the cost of entry.
  2. It underemphasizes the need to build a robust case for the superior value of their solutions.
  3. It distracts them from leveraging their advantage as a trusted source of diagnostics, advice, and problem solving.

Eduardo explained how Motorola Solutions used SAVE to guide the restructuring of its marketing organization and its go-to-market strategies in the government and enterprise sectors. Along the way the firm identified three requirements for successfully making the shift from 4 P’s thinking to SAVE.

  1. Management must encourage a solutions mind-set throughout the organization.
  2. Management needs to ensure that the design of the marketing organization reflects and reinforces the customer-centric focus.
  3. Management must create collaboration between the marketing and sales organizations and with the development and delivery teams.

Notice how all three of his points begin with Management. This type of fundamental shift must be embraced at the highest levels. Eduardo contributes a lot of success to the fact his CEO fully endorsed and supported this new way of thinking.

It also won’t happen overnight, but as marketers its our job, now more than ever, to help drive the company in new directions and to shape our message both internally and externally.

Find time for what matters in the building products industry

19 Mar

Why We Need to Focus on Purpose in Building Products Marketing

Focus on your business, your customers, and yourself

Too often we spend time figuring out how to be more efficient, effective, or impactful in what we do in our lives without determining if what we are doing really matters.

In the rush to check it off the list, or show the boss how great our PowerPoint looks, we don’t ask the really tough question – Does this really matter?

I’m not recommending we all move to Tibet and commune in silence for the next 6 months, but what I am advocating is that as a marketing leader in this industry you need to know how to prioritize what’s key to the business.

You have to answer these 3 questions about your brand/company –

  1. Who you are
  2. What you do
  3. Why it matters

Too often companies have lost sight of these 3 salient points. These 3 answers form the foundation of your brand experience, but more importantly they provide you with the answer to the questions – Is this important? Does it matter? Should I be spending time on this?

Because if what you’re doing doesn’t help support at least the answer to one of these 3 questions, you probably should move on. I’m not encouraging you to tell the board at the next quarterly meeting that you’re not doing something, but I am encouraging you to know why it matters, it at all.

It seems so simple, right? If it were there wouldn’t be thousands of business books written every year. Many of them with titles about Getting More Done, First Things First, What Should I Do With My Life, and many, many more.

A quick Google search of the term ‘What’s Important’ returned 1,130,000,000 results. Yes, there are over 1.1 billion results when Google is asked ‘What’s Important’. No wonder we all are tired or overwhelmed or confused or simply ready to move to that Tibetan monastery.

So stop solving every issue. Focus on those 3 fundamental questions and get the important things done (and hurry because you’re late on everything else).

Is your building product marketing ready for the R & R market?

15 Mar

Marketing business sales

How to support the R & R market

The professional contractor, especially in the R & R market, is the final person who can decide, or strongly influence, what products a homeowner uses. Many times the homeowner knows what they want done, but not how or with what product. This is a powerful position for the contractor and one that all manufacturers understand.

As a manufacturer, are you and your marketing efforts addressing this situation? Have you thought through what this all-important part of the sales process can utilize or leverage to fully enable the sales process?

Here are 3 reasons many companies have yet to figure this out.

  1. Sometimes it’s just a matter of budget. [harder to fix]
  2. Sometimes it’s not understanding who really sells your product. [Basics of your job and your team]
  3. And all too often, it’s the view that you can’t develop programs that ‘this guy’ will get or even utilize – they just don’t see the importance this guy has at the winning the kitchen table. [Your viewpoint has gotten askew of who matters]

But it isn’t simply a fancy new iPad app, it can be other support that makes the difference. It takes time to understand how your products are actually sold. Too often, the brand manager hasn’t taken the time to understand who is involved in the sales channel and how the sale occurs, especially to the homeowner.

At that moment, all the branding and marketing really don’t have any value beyond making the homeowner familiar. Most homeowners are buying the pro, not the product. People buy from people they know, like and trust.

While there are examples of brand awareness driving the consumer decision, those companies have spent years and thousands, maybe millions, of dollars to build that brand. Unless you’re one of those companies, and even they sometimes forget, you need to look at what you’re doing to support the channel, all the way to the kitchen table.

So what can you do right now? Here are 3 things you should be doing:

  1. Review technologies that you are proving down the channel.
  2. Develop a strategy to reach out to your channel partners to gain insight on what tools they want and need.
  3. Set up a plan to enable the sales process at the kitchen table to benefit your company’s products.

3 Things Building Materials Marketers Should Take Away From Super Bowl Ads

5 Feb

So God Made a Farmer - Dodge

Besides the fact that Super Bowl is a trademarked NFL name

Like millions of people around the world, I watched Super Bowl 47 and was amazed at the resiliency of the 49ers, but also how regardless of the fact you can plan for every possible contingency, sometimes things go wrong and the lights go out.

As a lifelong football fan and career marketer, the Super Bowl represents the Holy Grail. No it’s not saving anyone’s life, but if you look back at the greatest campaigns or ads, the Super Bowl is where they were born. From the Macintosh 1984 ad, to the e-trade baby, to the Bud Light “Waasssup” guys, we always seem to remember one or two of the ads. But after the millions of dollars and the endless lists of top ads, do they really work?

As most people saw, there were some really well done mini-films like the Dodge ad with the Paul Harvey voice over, but there were also offensive ads like the Go Daddy kiss ad. So which was more effective? Time can only tell, but from a brand perspective, I’d bet Dodge faired better.

The 3 things I try to think about when watching the ads are:

1. Does this ad connect me to the brand?

  • Several of the ads connected with me. The Dodge farmer spot, the Clydesdale ‘remember’ spot and the Audi prom spot all made an emotional connection with me and their brand. Not because I grew up on a farm, or because I love my animals, nor because I got to take my brother’s brand new Corvette to senior prom. They connected with me by telling a story.

2. Does this ad make me want to buy their product?

  • Somebody asked me via Twitter about the call-to-action on a spot and my comment was, hardly any of these ads had a true call-to-action. They’re brand awareness building. But I will say as a GoDaddy customer after sitting on the couch with my 7-year-old daughter, I really don’t want to give Bob Parson any more money.

3. Would I share this message?

  • In today’s social world, this is a big one. Used to be that you had to watch the Super Bowl to see the ads. Now they’re ‘leaked’ early or they’re on YouTube. But as I watched the game on the TV screen and interacted with Twitter on my iPad screen, I realized the purpose is as much to inform, as it is to create evangelists; people that will talk about your brand, your product, and your message.

So how do we as building material marketers use this annual ritual of advertising and branding excess? We remember to tell our story, to connect to our audience, to not offend our customers, and most importantly we produce messages that our customers want to share. Learn more about understanding your customer.

10 Apps Building Product Marketers Should Utilize, Part 2

4 Feb

Stay connected with your marketing channel with these apps

Earlier I provided 5 apps you should utilize as a building product marketer, here are an additional 5 apps that are great for making the most of your time.

6. Houzz

  • Houzz is a platform that connects architects, designers, builders, and contractors with homeowners around the world. The app allows you to access the same features as the online version by searching a database of more than 900,000 high resolution photos. Your company can search, save, and share images along with participate in online conversations.

7. Housing Zone

  • Housing Zone enables you to stay up to date with building products news, blogs, and articles. It provides information about the residential construction industry to better understand the people in your communication channel like builders, remodelers, architects, and contractors.

8. SproutSocial

  • Publish, schedule, and monitor the activity on your personal and company Facebook, Twitter, and LinkedIn accounts from one app. It allows you to manage teams by assigning tasks and provides reporting and analytics.

9. Google Analytics App

  • Google Analytics app has the same features as the online version, but you’re able to access reports easily from your phone or tablet to show effectiveness of a building product campaign on the spot. It also allows multiple logins and provides a date range feature to show results of a campaign between certain dates like the online version.

10. Imo.im

  • Allowing you to stay in touch with your marketing team and others in the company is important when traveling. Imo.im provides you an outlet to use your phone as a walkie talkie by creating voice messaging. It also integrates various social communication into one device by supporting communication like Facebook Chat, GoogleTalk, Skype, MSN, ICQ, Yahoo! Messenger, and Jabber.

Utilize these apps to stay in touch with the latest trends in the marketing channel, manage your social media accounts, provide results from a building products campaign, and stay in touch with your marketing team no matter where you are. If you didn’t catch the first 5 apps you should utilize as a building products marketer, check them out here.

10 Apps Building Product Marketers Should Utilize, Part 1

31 Jan

Streamline the communication within your company with these apps

With thousands of apps available for mobile devices and tablets, it’s hard to know what apps are the best. As a building products marketer, it’s important to understand what apps will strengthen your communication within your company. Check out these apps to simplify your day-to-day business efforts.

1. Evernote Business

  • Take notes and organize lists by capturing data like research, presentations, and documents. The data is stored on your phone, tablet, computer, etc. and can be accessed from anywhere. This tool also allows you to connect and share data like notes and documents with your marketing team members via the Business Library.

2. InTooch

  • InTooch tracks new connections by a simple call and saves the information to your phone. Track everything from common interests to when and where you first met the contact. Later you can search the data by relatable criteria. It’s a great tool for making an impression at a networking event, tradeshow, or meeting.

3. Dropbox

  • This app allows you to drop all your documents, presentations, notes, and photos in one place and share them when you need to. You’ll never have to email yourself a presentation or document again with this app. It provides you simple access from any of your devices.

4. CloudOn

  • When you’re traveling and need to view or edit a presentation at the last minute, this app allows you to do just that from your phone or tablet. The app supports Microsoft Office and links Dropbox and Google Drive so you can view or edit any file. It provides access to Word, Excel, and Powerpoint.

5. Vignature

  • Vignature app eliminates the paper process when it comes to signing and returning a document. Simply sign the document, snap a photo with your phone, and send via your phone or computer. It saves time, money, and provides a legal and verifiable signature.

Try these apps when you’re on the go and need to share notes or documents, edit a presentation, access a past presentation or report, or fax signed paperwork. Check out Part 2 for an additional 5 apps you should utilize as a building products marketer.

International Builders’ Show 2013: A Reminder to Get Real

21 Jan

International Builder's Show

Relationships Define the Building Products Industry

As we travel to see the latest and greatest things the building industry has to offer, I am reminded that what we are really seeing is the people. It’s a face-to-face interaction with someone in a booth, at an event, or in a room with the keynote speaker.

Don’t get me wrong, we will blog and tweet and post on Facebook, but what we really go to the Builders Show for is the real interaction that occurs. I will see people I only see once a year, but we will discuss how our families are, how business has been, what we think 2013 will bring for all of us and of course, talk about how time has flown by and how we have survived what many would say the worst time to be in this industry.

Since beginning my career in this industry over two decades ago, I have come to appreciate it and the people more and more. The genuine nature of most everyone was that way then and it is still there today.

We might have a lot of new technology and ways to help us do our jobs more efficiently, but in the end, its about that couple buying their first home, remodeling for their newborn, or now remodeling for our parents to live in their home more comfortably.

Either way, it’s about the home that we all share with our loved ones, our pets and of course, our stuff. But the stuff we have can never replace the people we know and work with. Whether we see each other every day or once a year, my best friends have almost all come out of this industry.

Maybe it’s my small town background or growing up on a farm, but the incredible men and women that work in this industry have always made me feel at home. From the job site to the showroom and the corporate offices that make up this industry, the people always have been and always will be real.

So whether your at IBS or not, remember to keep it real; your message, your products, your interactions with co-workers or clients, but most importantly yourself.

5 Builders Using Pinterest in the Building Products Industry

15 Jan

These builders know that homeowners are searching on Pinterest

 A few weeks ago we profiled 10 building product companies that were utilizing Pinterest. Now we want to focus on that final step in the channel – the homebuilder. As a building products CMO, it’s critical to understand how this tool is being utilized by all of your channel partners. If you’re interested in creating a Pinterest account for your company and need an example of how builders are utilizing Pinterest, check out these 5 home builder’s Pinterest accounts.

1. Beazer Homes

  • Pinterest: http://pinterest.com/beazerhomes/
  • As one of the largest builders in America, Beazer utilizes most communication channels. They approach this visual medium by creating boards that are focused on the stage or life situation the homeowner has in their home; from empty nest to growing by 2 Feet (baby), Beazer does an excellent job of showcasing visually how they deliver for a homeowner.

2. Lennar Homes

  • Pinterest: http://pinterest.com/lennarhomes/
  • Another large national builder with many boards on their Pinterest page. Lennar creates boards on the markets they serve as well as company information/history. Lennar utilizes many social channels, but typically have accounts by market, except here on Pinterest, where you can search all the markets on one site.

3. Highland Homes

  • Pinterest: http://pinterest.com/highlandhomes/
  • A builder out of Lakeland, Florida, Highland utilizes Pinterest by using images to showcase the floor plans of their homes as well as boards dedicated to key rooms in the homes like kitchens or master bedrooms. Majority of the pictures come from their homes or the markets they serve.

4. Toll Brothers

  • Pinterest: http://pinterest.com/tollbrothers/
  • As the current homebuilder of the year from Professional Builder Magazine, Toll Brothers is yet another national builder with a presence on Pinterest. Toll Brothers has created a number of boards based on seasonal applications around the home as well as the organizing their homes by their geographical region. As with most builders, they also have a green board.

5. Brookfield Homes

  • Pinterest: http://pinterest.com/brookfieldsd/
  • Brookfield Homes is a San Diego based builder that utilizes Pinterest as more as a consumer. Many of their boards are titled something ‘we love’. Could be landscaping or lighting or color schemes. Different approach than the others we’ve listed, but very well organized.

There are many other builders, both national and local with Pinterest pages. I’ve just highlighted some different approaches to this highly visual social channel. If you have yet created your business then visit this page to get started: http://business.pinterest.com