Great companies go beyond just providing a product or service. They think of themselves as partners in the success of their customers. Three companies that do an outstanding job of advocating for the small business customer are American Express (with its Open Forum small business community and annual Small Business Saturday promotion, among other things), Intuit and Constant Contact, the Massachusetts-based e-mail marketing company.
I often use Constant Contact’s Twitter and Facebook profiles as models for other B2B companies to follow. About 90% of the content the company posts in social networks is intended to help customers succeed in small business marketing. Less than 10% promotes Constant Contact products. It’s like that in the company’s remarkable Pinterest account as well.
Now the company is taking customer advocacy to the next level with the launch of the Small Business Innovation Loft. That’s a physical space within the company’s Waltham, Mass. offices were startups can set up shop for four months at no cost and get $10,000 to spend on marketing activities. They also get free meeting space and priority support from Constant Contact’s support team. This press release has more.
Innovation labs aren’t new, but they are usually sponsored by venture capital firms or real estate companies that hope to cash in on them. In contrast, won’t take equity in the startups it nurtures. The value to the company comes from the promotional benefit and the word-of-mouth awareness that will develop as some of these companies invariably succeed and set off on their own. What better way to put your money where your mouth is?
Constant Contact makes it a point to get inside the minds of its customers and understand their ambitions, fears and motivations. That’s the secret of content marketing, however you define it. Check out this clever year-end video the company put together to celebrate its customers.
Great post Paul! Established companies are beginning to recognize the value of co-locating with high energy nascent companies. The can-do, innovative, high energy spirit is contagious and this is a great way to seed future customers…or acquisitions!