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Strategies

The Key to Life Science Product Marketing

by Matthew Wygant on March 5, 2010

Stop Annoying the Scientists

That itself isn’t the key, but it’s a good start. Let’s face it. Life scientists don’t like banner ads, direct mail, cold calls, e-mail blasts, or any other form of promotion that tries to snag their attention while they’re doing something else.

Ever hear of the Adblock extension for Firefox? It works really well! Scientists and others who do not want to be bothered have and use effective mechanisms to insulate their thoughts from commercial interruptions. They don’t see your ads. They don’t read the e-mails you send them. Your postcards go straight into the bin and your calls ring through to voice mail.

What do they do with the time they save by not reading your junk mail? They seek and consume hordes of information! That’s why, if you want life scientists to know about and care about your product or service, you must be discoverable.

Here’s the Key: Be Discoverable

If you supply useful information about your product or application that is relevant to a scientist’s interests at the exact moment he or she is seeking such information, it will be considered without attitude or prejudice. It will be appreciated. And it will affect the scientist’s future thought and behavior. This, presumably, is exactly the outcome you want from your marketing efforts.

How to Be Discoverable

1) Produce lots of original, frequently updated, and useful information about your product and its applications.

2) Distribute this information widely in multiple formats. Use your web site, your blogs, other people’s blogs, seminars, posters, journal articles, YouTube, SlideShare, Facebook, Twitter, and everything else you can think of. But do not pay for placement! The idea is not to be up in the faces of scientists, interrupting their work with an advertisement that consumes your budget and disappears as soon as your time is up. The idea instead is to have information in place, wherever your prospects might look for it, all the time, including the moment it is sought.

3) Apply SEO best practices.

Winning Means Being More Discoverable Than Your Competitors

If you follow the three steps above, you will out-market all of your competitors, including the 1600 or 2400 lb merger-gorillas presently crashing around in the life science products industry. And note that when you adopt discoverability as your marketing objective, you can actually see how your marketing efforts are working! Just Google some likely queries, or try your hand at some Spyfu Kombat.

How to Convert Discoverability into Sales Leads

1) Produce some even better follow-on information than the information you created for your prospects to discover in the first place.

2) Set up an autoresponder or a similar gating mechanisms that will allow you to trade the new information you created for an e-mail address.

3) Ask the scientist to complete the exchange.

How to Fail

Hire an agency to blow your budget on a multiple-media campaign centered around a clever or humorous theme. Bombard the force-fields around your prospects with print ads, mailers, phone calls, e-mail blasts, and flash animations. When it’s all over, you won’t be any more discoverable than you were before you launched the campaign.

What About the Unused Advertising Budget?

If you choose to become discoverable, you’ll find that it isn’t nearly as expensive as becoming obnoxious. Use the extra money to create opportunities to talk with your customers. Visit them at meetings and in their labs. Ask them what they really think about your products and your competitors. Invite them in to meet your engineers and manufacturing people. Let them tell your whole company about their technical problems and how they solve them. When your employees meet the people who actually use your products, you’ll boost quality, morale, and creativity. You’ll have better ideas for your next product, and you’ll have more interesting information to use to become more discoverable.

Do you want life scientists to discover information about your product and its applications? Contact Matthew Wygant by calling (408) 905-7630 or by sending e-mail to matthew@wygant.net.

When to Use Google AdWords for Life Science Marketing

March 1, 2010

When to Use an AdWords CPM Campaign 1) If your product is both brand new and unlike anything that’s already on the market, an AdWords CPM (not CPC) campaign can help you establish initial market awareness. Remember at this initial stage that your goal is awareness, and try not to get hung up on click-throughs [...]

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Sixteen Useful Web Apps for Life Sciences Marketing

February 19, 2010

Save time and have fun with these useful web applications: AmazingMail Point-and-click direct mail Bit.ly URL shortener with twitter integration BrowserShots See what your web site looks like to others

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How to Write Life Science Content Marketing Material

February 3, 2010
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If you’ve considered content marketing as a deliberate lead generation and development strategy, you’ve realized that someone, or some group of people, will have to create all the content to drive it. The copywriting required may sound like a lot of work, but when advertising fails to deliver, what are the alternatives? At two companies [...]

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A Permission Marketing Method to Increase Event Attendance

February 1, 2010
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Use an additional field on your event RSVP form to let people request a text message reminder on the morning of the day of your event. The first time a client allowed me to do this for them, we were both surprised by how many respondents requested the reminder and provided their cell-phone numbers. This [...]

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Protect Your Gross Margins And Your Reputation

January 28, 2010
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If you’re a marketing manager of life science products, smart pricing can make you a hero. Here are a few things you need to know about your pricing superpower! COGS is for Design, Not Pricing COGS is a design factor, not a pricing factor. Of course your products must deliver deliver acceptable PGMs (product gross [...]

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Going Old-School with New Media: For Market Defenders Only

January 27, 2010
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Open the print version of a scientific journal and you’ll see that the page advertising is dominated by companies that already have huge installed bases and commanding market shares. Agilent. Thermo. Life Technologies. For these companies, traditional journal advertising makes sense. They’re playing defense. Entrenched market leaders don’t have to make surprising performance claims about [...]

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Start and Expand Your E-Mail List with Content Marketing

December 24, 2009

Mailchimp has posted a hybrid advertising/content marketing/direct response technique for establishing your own e-mail newsletter subscriber list. The basic steps are: Create a pdf document composed of information of value to your audience. Include advertisements for your newsletter. Post the document as a free download on your web site. Use Adwords to drive traffic to [...]

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Extend Your Reach with Trade Journal Articles

December 22, 2009

Published online, in print, or both, trade journal articles contributed by your company reach readers that might otherwise miss your message and carry the authority of editorial approval. Unlike “company profile” features that require direct payment or a certain number of ad placements, articles accepted as contributed content run for free. You can usually pitch [...]

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Update Your Materials Prior to Exhibits

December 22, 2009
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Exhibits are costly, but with the decline of advertising effectiveness, they are perhaps the only marcom channel available to lab systems makers that can work as an isolated tactic, apart from a content marketing net. Even if your exhibit strategy doesn’t include handing out materials from your booth, you’ll probably want to make the most [...]

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Prove Product Value with Application Notes

December 22, 2009

Application Notes show everyone how to put your product to productive use. Once written, the work can often be re-purposed as a trade journal article with a moderate amount of revision to conform with the targeted publication’s editorial guidelines. Most application notes aren’t quite newsworthy enough for a press release, but media such as blogs, [...]

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Use Executive Staff Press Releases to Create More PR Opportunities

December 22, 2009

Easy to Place These VP-and-up executive hiring press releases get reliable pickup from biotech trade publications and local newspapers. The content may not seem particularly strategic from a market development standpoint, but these releases inform potential investors and business partners about your company’s activities and direction. More Useful Than You Think Executive staff press releases [...]

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Create Videos to Reinforce Training and Improve Outcomes

December 22, 2009

Patients treated at Physical Therapy of Los Gatos love that they can visit the clinic’s web site for online video demonstrations of their prescribed exercises. These videos reinforce the instructions patients receive during their visits, reduce the number of calls from confused patients that the clinical staff must handle, and improve clinical outcomes by showing [...]

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Email Newsletters Provide Actionable Sales Information

December 21, 2009

An email newsletter list is the classical permission marketing asset and the founding element of many content marketing programs. E-mail newsletters are just OK at generating new leads, but they’re terrific for determining the sales-readiness of subscribers and moving them closer to conversion. If you haven’t seen campaign analysis data from an e-mail newsletter mailing, [...]

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Follow the Federal Research Grant Money Using the RePORTER Database

December 13, 2009

If your target market includes federally funded research scientists, you will be pleased to find loads of useful information in the NIH’s RePORTER (Research Portfolio Online Reporting Tool Expenditures & Results) database. The RePORTER Query Interface Here’s what the RePORTER Query interface looks like: Example: Who Has Money For Your Target Application Say you’ve got [...]

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An E-Commerce Outlet Makes Your Product Easy to Buy and Cuts Distribution Costs

December 13, 2009

It gets easier every day to sell your consumable or low-cost capital item over the Internet. Put these services together to create a low-cost, end-to-end, outsourced e-commerce and fulfillment solution: Your On-line Store You can keep your IT, marketing, and accounting people really busy choosing and installing e-commerce software, and piecing together, managing, and troubleshooting [...]

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Book Review: Lead Generation for the Complex Sale (Brian J. Carroll)

December 10, 2009

Quick Summary Know your intended positioning. Define what an actual sales-ready lead is in your organization. Do not hand off undeveloped leads to Sales. Have a specific plan for generating inquiries and turning them into sales-ready leads. Use many coordinated marcom modes in your plan. Move cool leads back to earlier development stages instead of [...]

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Do Biotech Lab Systems Companies Use Twitter?

December 7, 2009
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Yes They Do. Here Are Some Examples: Illumina has 286 followers. They use Twitter very infrequently to promote events and to ReTweet customer Tweets. EMD Chemicals has 924 followers. They use Twitter to promote events and to post links to scientific discovery stories of interest to their customers. Integrated DNA Tech has 426 followers. They [...]

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Advertising is Old and Busted: What to do in 2010

December 4, 2009
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Looking at a big hole in your marketing plan where advertising used to be? Traditional advertising performed poorly this year for most makers of biotech lab systems, and content marketing is moving in to take its place. With respect to your budget, the “insertion” costs of content marketing are close to zero, versus tens-to-hundreds of [...]

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AdWords Won’t Deliver All the Sales Leads You Need

December 2, 2009

Unless you’ve seriously sandbagged your forecast, an AdWords program will not deliver all the sales leads you’ll need to make it. Here’s why. Most Internet users do not click on ads at all. According to the comScore study released October 1, 2009, the percentage of users who click on display ads in a month has [...]

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Commercial Photographers for Biotech Lab Systems & Staff Portraits

December 2, 2009

Joel Jordan lives in Oklahoma but visits the Bay Area frequently with his portable studio for work assignments. Very personable, has appropriate lighting and lenses for on-site work including product close-ups. Can also do minor or major post-exposure photomanipulation. www.joeljordan.com (888) 316-4142 Thom Sanborn has done plenty of commercial photography for biotechs and other valley [...]

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Grok Content Marketing With This VizEdu Animation

November 25, 2009

To discuss your content marketing strategy, contact Matthew Wygant at matthew@wygant.net.

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Create Your Market Then Dominate It

November 20, 2009

Product Launches Have Changed Back in the day, product launches were much more binary, flip-of-the-switch events than they are now. On the day of an official product launch, you’d meet with the press, display your new product at a trade show, and kick off a big in-your-face print advertising campaign in the journals. Even if [...]

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Even Infinity Pools Have Boundaries. So Should Your Life Science Marketing Strategy.

November 18, 2009
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The concept of positioning is counter-intuitive to many life science lab systems startups because it seems to require “giving up” on an infinite array of market opportunities in favor of concentrating the company’s resources on a specific solution to a specific problem affecting a specific group of people. In reality, infinite opportunities cannot be addressed [...]

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Online Click Study and Implications for Marketers

November 5, 2009

The unclicking 84% http://sethgodin.typepad.com/seths_blog/2009/11/the-unclicking-84.html Implications for AdWords campaigns: Only a small percentage of viewers are even the kind of people that click! So, if you need awareness, write some of your ads for that objective & run them using Google’s CPM/content network. If you’re defining a new category (always recommended), your CPC campaign is going [...]

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Los Angeles adopts Google e-mail system for 30,000 city employees | Technology | Los Angeles Times

October 30, 2009

Having seen how many of my clients struggle with the costs and complications of running an in-house server, I don’t know why any of them would pass up letting Google do it all for them. This is an inexpensive and effective solution to employee e-mail, spam-blocking, document-sharing, intranet, extranet, scheduling, selective access, and the rest. [...]

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Exhibitor’s Report from HUPO 2009 Meeting in Toronto

September 29, 2009

Heard from one exhibitor that the activity in the booth area is very poor. Any other reports?

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What is a Lead?

September 29, 2009

At what point are leads handed off to your sales force? If initial inquiries are forwarded directly to Sales for follow-up, then you’re tasking your sales force with all the qualification required to sort and select which leads are actually ready for direct sales activity. That’s fine, if you’ve deliberately hired a versatile sales force [...]

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Seth’s Blog: Things to ask before you redo your website

September 18, 2009

Seth Godin has a great list for people who need to clarify their website and internet marketing strategy. Seth’s Blog: Things to ask before you redo your website

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My Worst Ad

August 28, 2009

Introducing Choice 1994.pdf (743 KB) “Introducing Choice” was the worst ad I ever wrote. It didn’t address any specific audience or any particular element of laboratory workflow. It promised only a vague, useless benefit (“Choice!”). It failed to position the products advertised in any meaningful way, and it was ugly. There was really nothing in [...]

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Molecular Dynamics’ Storm Imaging System Was a Transition Platform

August 12, 2009

The secret to the success of the Storm system wasn’t just that it packed storage phosphor, fluorescence, and chemifluorescence imaging into a single box. When the product came out, no one was clamoring for a multi-mode imaging system. What made the product sell like crazy was our presentation of Storm as a transition platform. Lab [...]

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How Arcturus Sold Customer Training

August 12, 2009

training_course_flyer.pdf (55 KB) Commercial LCM pioneer Arcturus knew back in Q1 of 2005 that they needed to formalize and fund customer education in order to create more users and more market demand for their highly technical PixCell LCM systems. Arcturus also knew that customer education would be valuable only if they could get their customers [...]

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New Product Listing in GEN

August 11, 2009

These new product listings in the trades are free, easy to get, and often appear in both print and online editions. They’re useful for the direct market exposure they provide at introduction as well as the potential for new sales leads. http://www.genengnews.com/newproducts/item.aspx?id=3086

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Search Flickr for Good Free Art

August 7, 2009

ASMS Gelfree Received.pdf (1946 KB) After a strong product introduction program at ASMS, my client Protein Discovery wanted to follow up with a postcard to conference attendees. The objective was to reach and remind the ones most likely to try the brand new product — the early adopters — of its capabilities and newness. I [...]

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Making an Online Form of the Lysholm Knee Scoring Scale…

August 5, 2009

…using Squarespace’s built-in form creation capability. On completion, the submitter gets a confirmation screen, and results are sent to his or her physical therapist. When not working in Squarespace, I usually use Wufoo for form building, which offers similar functionality and creates easily-embedded code.

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Include a Video to Engage E-newsletter Readers

July 14, 2009

Only 20 minutes after release, it’s obvious from the MailChimp stats for this e-newsletter that subscribers are clicking through to the screencast video at a very high rate (presently 89%).

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Big Organizations, Committees and Bureaucrats

July 12, 2009

The most nail-biting cash flow challenges and overall project frustration I’ve experienced as a sole proprietor have resulted from my engagements with the two largest instrumentation companies here in the Bay Area. Turns out that providing a service to large organizations takes a specialized approach, but I was using the same one that I had [...]

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Don’t Do a Static HTML Site!

July 10, 2009

The main problem with a regular HTML web site is that it’s difficult to make changes. Even if you’re very fluent with HTML, minor site updates can be a fairly involved process. And you’ll have to schedule more involved updates, such as those requiring new pages, new sections, and new navigation buttons, or sidebar element [...]

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How to Write a New Funding Announcement Press Release

July 9, 2009

Begin with a banner at the top that says “DRAFT — NOT FOR RELEASE.” This is a basic version-control precaution for press releases. Prior to the release of the final version, remove the banner or change it to “FOR IMMEDIATE RELEASE.” Next, provide contact information for the person who will handle inquiries about the press [...]

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“Don’t confuse interest with intent or ability to purchase.”

July 7, 2009

Read these 15 rules of bootstrap marketing from Eclicktick Consulting. Rule #4 is the very best of the list and is the most relevant to makers of biotech lab products: Bootstrapping Rule No. 4: “Don’t confuse interest with intent or ability to purchase.” Our general belief is that most under-funded high tech firms will die [...]

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Seth Godin on Radical Transparency

June 24, 2009

The “rush to make things transparent” hasn’t hit biotech tool marketing yet, but if it comes, we should keep this post in mind.

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PR Services Referral

November 24, 2008

Here's a nice endorsement from Howie Goldstein from a couple of years ago. He was writing to the CEO of a Palo Alto biotech company, and has kindly allowed me to post his recommendation: "With respect to the PR, I think the best thing for a company to do is to get Matthew Wygant involved [...]

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Getting on the First Page of Google Results

April 1, 2006

Investor relations professionals are abundantly aware that a publicly traded organization does not have direct control over the price of its stock. But they also know that there are certain things they can do, such as talking frankly and enthusiastically with analysts and investors, and posting positive earnings, that encourage coverage and fair evaluation. They [...]

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About the Digital Object Identifier (DOI)

December 5, 2005

In my August 9 entry (“Tag This Page!“), I quoted a section of Clay Shirky’s “Ontology is Overrated” essay about how social bookmarks (“tags”) increase the value of items that have unique identifiers, such as the ISBN number of books and the URLs of web pages. URLs as a way of identifying content may indeed [...]

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Professional Writer’s Journal: Write Effectively for the Web

November 2, 2005

Gina Trapani, editor of Lifehacker, has posted an excellent article on writing for the web in her twice-weekly “Geek to Live” feature. “If your message is boring, long-winded or useless, they’ll surf away and never come back.” Geek to Live: Write effectively for the Web by Gina TrapaniGeek to Live: Gina Trapani’s twice-weekly feature at [...]

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The GM Blog: Lessons For Customer Blogging Relations

September 2, 2005

Backbone Media, an internet marketing consultancy, has conducted a survey that says corporate blogging is worth the hype. Backbone Media, Inc.

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“Our last resort is an ad, if we can’t think of anything else.”

August 22, 2005

Stuart Elliott has written a piece for the New York Times describing an upside-down advertising environment where clients push their agencies to try daring new ideas, and no one wants to work on an ad. According to Mr. Elliot, "the dot-com bust, the fallout from 9/11 and the explosive growth of technologies that help consumers [...]

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PR Tips

July 8, 2005

My web stats are telling me that I need to re-post the PR Tips from my old site. Even though the old PR Tips page is not linked to my new home page, it’s still the second most popular entry page of all my old and new pages. Press Release Tips Even if your department [...]

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PR Newswire’s “Blogging vs. the Mainstream Media”

May 23, 2005

PR Newswire‘s "Blogging vs. the Mainstream Media" event, held last Friday morning at the Hotel Sofitel in Redwood City, was definitely worthwhile. Panelists included Tony Perkins from AlwaysOn Network, Christopher Alden from Rojo Networks, Rob Hof from BusinessWeek, Dan Gillmor from Grassroots Media, and David Whelan from Forbes. Tony Perkins and Dan Gillmor were seated [...]

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BioSF Presentation by Joe DeRisi, PhD

May 19, 2005

Last night’s BioScience Forum presentation by Joe DeRisi PhD was about his lab‘s work using DNA microarrays to study two areas of research: elucidation of biochemical and transcriptional pathways of the malaria pathogen Plasmodium falciparum, and viral pathogen discovery. In both areas, the research involves chips spotted with 70-mer oligos. In the P. falciparum research, [...]

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No More Blockbuster Drugs?

April 20, 2005

Even though genotyping will segment the market for new drugs into narrowing, predictable sub-populations of responders and non-responders, capital investment in drug discovery and development is still based on the assumption that the occasional multi-billion dollar blockbuster drug will return, in multiples, the capital risked on an entire drug portfolio. In the Q&A session following [...]

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Professional Writer’s Journal: Style Guides

March 21, 2005

At the beginning of a writing project, I always ask new clients they have a corporate style guide. A style guide is a reference document that includes rules and suggestions for writing style and document presentation. See this article for an excellent description. You don’t have to have a style guide to prepare effective communications, [...]

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