Friday, May 29, 2009

Patient Opinion Leaders (POLs): Is this phenomenon here to stay?

Patient Opinion Leader (POL) is one more jargon floated by pharma marketeres. And lot of people are jumping into the bandwagon too early. Let’s face it. Presently in India, POL does not exist and we can comfortably assume that POL will not have any significant impact in forseable future.

Firstly, let’s start with “Patient’s Opinion”. Here we are talking about patient’s opinion on Rx medicine. (POLs or whatever you may call it, can influence personal medical testing devices category - for example, which glucometer to buy). We must accept the fact that patients are merely a consumer who have almost no say in deciding which Rx medicine is appropriate for him/her. It is entirely doctor’s prerogative because patients are not equipped with medical knowledge to make the right choice. We may argue that today’s patients are well-read, net savvy, health conscious consumer but still patient’s opinion should not or rather can not directly impact the sale of the brand. At the most, patients’ can share their personal experiences about managing a disease which might be helpful to other patients, but their opinions cannot be taken into consideration when it comes to buying Rx medicines. And that’s why POLs, if at all they exist, cannot be given equal importance as KOLs and pharma marketers cannot afford to limit the role of Doctors.
Moreover, patients need a platform to voice their opinion to become “Patient as a Leader. The so-called Health 2.0 or Pharma 2.0 provides a convenient platform in terms of blogs and social networking websites. Internationally, there are websites like Patientslikeme.com (featured as Disruptor of the Month by Forbes, March issue) and Six Until Me (a popular diabetes blog started by Kerry Morrone) that provide the right platform to share patients’ views, to discuss treatment options, etc. In India, we don’t have such websites but soon we might see similar websites catering to health conscious netizens.
We should know that giving opinions on topics like movies, cars, consumer durables, etc. is fine, but when it comes to giving an informed opinion on health realted issue, one must be very careful. For example, when reports suggested that lithium might slow down the progression of ALS – a neurodegenerative disease, a number of ALS sufferers among the PatientsLikeMe community began their own somewhat impromptu drug trial, taking lithium and posting the results. Although the website has not run a formal trial and only facilitates members reporting of their results, there still has been some controversy. Such incidences can be disastrous. We must understand that leaders have followers. When it comes to treating disease, it’s advisable to follow a physician than a POL. In a nutshell, POLs, a non-medical professional who inspire trust and acts as guide to other patients, can create lots of controversies and that’s not good news for pharma marketer.
There is no denying that internet is going to play a very important role. In US, 59% of the patients turn to internet as their first source of health information. Same might be true for India. Pharma companies are already using internet to provide information to patients. Patients are connecting with each other on the net, but at the same time I believe as far as serious medical ailment is concerned, patients are aware that there is a difference between sharing experiences on the net and taking decision based on those opinions.
The Indian Pharma Marketer should also ask himself whether he would like to empower patients to an extent that the ‘empowered’ patients start questioning doctors or interfering with doctors’ prescriptions. The answer is a big NO, because no pharma company would like to take that risk of offending doctors. We know what happens when you turn a prescriptive brand into OTC brand and start directly promoting it to patients/consumers. That brand might increase overall sales but it surely looses out Doctors’ prescription.

On a lighter side, I have a different theory on the evolution of Patient Opinion Leaders concept. I believe the POL concept is promoted by pharma marketers who hate doctors, because no matter what innovative, out of the box, disrutptive marketing strategy they implement, but ultimately the fate of prescriptive brands are in doctor’s hand and in most cases, the KOLs decide the success or failure of the brand. Therefore frustated pharma marketers want to counter KOLs by creating another equally powerful monster called POLs. Don’t forget guys, a monster is a monster is a monster!

Wednesday, May 20, 2009

Seven Steps to Survival : How to keep your agency afloat in challenging times

Advertising & Marketing Communications spending is one of the first things companies decide to cut when faced with slowing sales. Advertising agencies have already started feeling the pinch. Ad people are anxious and scared as well. So, what do you do to survive this critical phase and come out victorious. You must fight back! Here is your survival guide:

1. Promote your agency more aggressively -
Doing nothing only leads to failure. This moment is the test of your leadership. Go out there, and face the recession head-on. Promote your agency more aggressively than ever before. Relentlessly pursue new business leads. Re-negotiate costs with your vendors, IT providers and even with your landlord! Generate great business-building ideas for your existing clients. All these will fuel you and your agency with renewed energy.

2. Be there for the client -
Do not take your clients for granted even for a single day. Make sure that you personally visit each of your clients in the same month. Your clients need your help like never before, for they’re now seeking answers to kick-start their sales and get rolling. If their agency stands by them in this battle, enabling them to invent new solutions, they will most likely never forget you once the good times resurafce.

3. Create opportunities -
Luck is what happens when preparation meets opportunity. Don’t wait for the chance. Meet as many people as possible. There is always an opportunity to capitalize on. Collaborate with your partners, tie up with complimentary service providers and forge strategic alliances. Remember, somewhere a potential client is planning to take advantage of the downturn. Keep your eyes and ears open. If you just sit back and wait for the next new-business win, you are simply waiting for a disaster to take over.

4. Think Smart. Work Harder -
In your efforts to fight back the downturn, be sure your agency's work is as smart as it can be. Put in those extra hours. Ask yourself: Is the message as relevant today as it was six months ago? Is it as cost effective? Is there a better and perhaps cheaper medium to communicate the message? Maintain the integrity of your agency's work throughout these times, and you will surely earn the trust and respect of your clients.

5. Don’t stop innovations -
Slow client spending is not an excuse to go conservative with your work. Don’t play safe. If you think you are going to hold on to your clients by being extra cautious with your work, you might give your clients an excuse to switch to another agency that will continue to take intelligent risks. Recession is the ideal time to innovate and experiment. Suggest media innovations. Try your hand and unleash your creativity online through blogs, social media and viral campaigns.

6. Improve internal communication -
Do not sit quitely in your cabin and distance yourself from the staff. Get up and mingle with your staff and let them know what's going on with the agency. Feel the pulse of your own team. Better internal communication only makes the team stronger. Also, do not stop looking for the best talent. This economic downturn has put a lot of really good people on the street. Now may be a rare opportunity to upgrade your staff strength. Provide creative stimulation to engage your employees. Keep the spirits up to make sure that the happiness quotient remains high in your office.

7. Stay focused -
Just because times are tough, your agency shouldn’t move away from the strategic course you set. Be it a plan to differentiate your agency or expand into new services, stay true to your long term goals even if it takes a little longer for them to materialize. When the economy turns around, you'll have the wind at your back.

And finally don’t forget: tough times never last, but tough people do.