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Commodity Charts Gold

 

White Papers: A Powerful Sales Tool

Commodity Charts Gold When your product or service is a commodity or something people choose on impulse, your marketing and advertising efforts probably focus on creating some sort of differentiation that will tip the scales your way at the critical moment. But if what your organization offers is more complex and typically involves a lengthy decision process, or if your customers and prospects may not fully understand why they need it, your task is more likely to focus on education.

If that's the case, one of the most powerful tools available to you is what's known as the white paper. Although white papers have been around for many decades (the term grew out of lengthy reports prepared for Britain's prime ministers), the concept is unfamiliar to many managers.

In essence, a white paper is an in-depth look at a particular issue that's addressed by your product or service. Created to influence the decision-making process (or public policy), these documents normally describe a situation or problem, and offer convincing evidence that a particular solution offers the most sensible response.

Are white papers of any real value? One industry publication recently conducted a survey reporting that 84 percent of businesspeople felt that white papers influenced their decisions about purchases. And, reflecting the fact that many purchasing decisions involve several individuals, 89 percent of respondents said they pass white papers along to others.

One of the biggest mistakes companies make when creating white papers is designing them to be overtly promotional. The papers become a blatant series of arguments for purchasing the company's specific product or service. Unfortunately, that kind of approach creates very little credibility among readers, who see right through the effort.

A far more effective '" and ultimately, more convincing '" approach is to focus a white paper on facts, keeping the content fairly general. Of course, you get to select which facts you'll present. If your company's veeblefetzer uses the cross-cutting process to core radishes, rather than the spiral-coring method employed by 90 percent of your competitors, your white paper can focus on the many advantages of cross-cutting.

Even the title of your white paper should veer away from anything overtly promotional. Your product brochures might use a headline such as "Process three times as many radishes with our veeblefetzers, " but that kind of headline will repel someone looking for more objective information. Something like "Evaluating processing alternatives for radish production" or "Cross-cutting and spiral-coring: an engineering comparison" will suggest a more balanced approach.

How long should your white paper be? Exactly long enough to cover the information. Typically, that works out to 6 to 10 pages, or between 1500 and 3000 words. Don't try to stretch it out unnecessarily, because quality of content is far more important than quantity.

A simple, but effective, structure for a white paper is to begin with a short section describing the problem or challenge that your customers face. This kind of opening builds a bond with the reader, as he or she sees that you have a solid understanding of the situation.

Next, the paper can explore the different types of solutions that have been developed in response to the problem or challenge. Often, that will include a historical review. After a general discussion, take a closer look at the advantages and disadvantages of each of those solutions. Ideally, the product or service you offer will reflect the most advantageous approach.

Match the information you include to the needs of your audience. For example, engineers or technical team members will welcome a host of details, while C-level managers will be more interested in how the choices will affect the bottom line or the company's competitiveness.

By Scott Flood - Scott Flood creates effective copy for companies and other organizations. To learn more, contact him at sflood@sfwriting.com or 317-839-1739, visit his website at http://www.sfwriting.com, or read his blog a...  

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How much should you save with each paycheck to reach retirement goals?
{This post is a part of my retirement series} Last week, I walked you through one way to calculate how much money you’ll need to retire. Today we’re going to run some numbers to determine how much we’ll need to invest with each paycheck to reach our retirement goal. Some rules of thumb suggest inves ...
Cost of Living Calculator: Compare prices in two cities - CNNMoney
Thinking of moving? CNNMoney shows how far your salary will go in another city with our cost of living calculator.
Cost of living: Does $250,000 make you rich? - CNNMoney.com
The White House says you’re wealthy if you make $250k a year. But what about cost of living? You would need $545k in New York to maintain the same lifestyle that $ ...
The cost of living - CNN.com
Living; Money; Sports; Time.com; Video; iReport; Impact ... The cost of living ... © 2009 Cable News Network. Turner Broadcasting System, Inc.
Comparing Cost of Living | Use CNN Money Calculator
My condition gets inflamed when people who live in this perfectly good mid-sized metro talk about "the big city" as though it is so superior. ...
Salary.com survey: Where paychecks go the farthest - May. 23, 2005
NEW YORK (CNN/Money) – Pride aside, it really doesn't matter how much you make, just so long as it goes a long way where you live.
World's most expensive cities led by Tokyo, London - Jun. 14, 2004
Those three cities ranked as the most expensive in the world, according to the latest annual cost-of-living survey released Monday by Mercer Human Resource ...
Living News - Personal Wellness, Love Life, Work Balance and Home ...
Find the latest CNN news and video about personal life, work life, home ... Travel; Opinion; iReport; Money; Sports ... © 2012 Cable News Network. Turner Broadcasting System ...
Cost of Living: News & Videos about Cost of Living - CNN.com
... that beneficiaries will receive a 3.6% cost-of-living ... NEW YORK (CNN/Money) - More than 52 million ... © 2012 Cable News Network. Turner Broadcasting System, Inc.
Best Places to Live 2011 - Top 100: Town details: Hanover, NH ...
Now take charge of your financial life: Like Money magazine ... Median home price: $355,000 1: $265,929: Average ... © 2012 Cable News Network. A Time Warner Company. All Rights ...
Calculators, Estimators, and Planners - Real Estate, Retirement ...
Cost of living comparison; Mortgage refinance calculator ... Give the Gift of Money; Reprints; Special Sections ... © 2012 Cable News Network. A Time Warner Company. All Rights ...


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