Are you ready for the digital buyer? A deep dive into They Ask, You Answer for the medical device industry?

The new reality of the digital buyer

In today’s fast-paced, hyper-connected world, the way people buy has fundamentally changed. The internet is their first stop, and an overwhelming 80% of a buyer’s decision is now made before they ever talk to a sales representative.

The origins of 'They Ask, You Answer': The Marcus Sheridan story

In 2008, the world was in the grip of a financial crisis. Businesses were closing their doors left and right, and Marcus Sheridan’s pool company, River Pools and Spas, was no exception. Orders were drying up, and the future looked bleak.

What 'They Ask, You Answer' really means: A strategy, not just a phrase

At its core, They Ask, You Answer is a remarkably simple concept. Marcus recognised early on that today’s consumers have virtually limitless access to information, and they’re using this power to research, compare, and scrutinise before they decide to make a purchase.

In this landscape, Marcus’s strategy was radical but straightforward: listen to the questions your potential customers are asking and answer them. Not vaguely, not eventually, but clearly, completely, and immediately. It’s about being the best and most complete source of information in your industry, and in doing so, becoming the go-to expert in your field.

• A shift from selling to helping

  Instead of viewing content as a way to sell, Marcus advocates for viewing content as a way to help. In They Ask, You Answer, businesses are instructed to be educators first. Your content—whether it’s a blog post, video, podcast, or eBook—is there to solve the problems of your potential customers. It’s there to answer their questions honestly and thoroughly, without a sales pitch lurking in the last paragraph.

• Becoming a trusted adviser

  When your company is consistently answering your potential customers’ questions in an honest and comprehensive manner, you naturally position yourself as a trusted adviser. You aren’t just a vendor; you’re a source of valuable information. When people trust you, they are far more likely to buy from you—and not just once, but repeatedly. Trust fosters loyalty, and loyalty is the backbone of long-term business success.

• A culture, not just a campaign

  They Ask, You Answer isn’t a one-off campaign—it’s a fundamental shift in how your business operates. It’s a culture that needs to permeate every part of your organisation, from the C-suite to customer service. Everyone in the company becomes a part of the answer. It’s a living, breathing, evolving strategy that grows as your audience does, as their questions change, and as your industry evolves.

  This approach is more than a marketing strategy; it’s a company philosophy. For Marcus, it was the philosophy that saved his business during the toughest of times and turned it into an industry leader. It’s a philosophy that any company, from large medical device multinationals to nimble start-ups, can adopt to align with the needs of the modern digital buyer.

Business benefits of 'They Ask, You Answer' for sales and marketing

As Marcus ardently proclaims, They Ask, You Answer isn’t just a marketing strategy—it’s a business philosophy. It is based on the principle of true, radical transparency in the digital age.

Let’s delve into the tangible business benefits this philosophy can bring, especially in the realms of sales and marketing.

• Increased conversion rates

  By answering the questions your prospects have and addressing their pain points in a transparent and detailed manner, you build trust. This trust is the foundation upon which higher conversion rates are built. Prospects who feel that they are getting all the information they need, without feeling pressured or manipulated, are far more likely to convert into customers.

• Shorter sales cycle

  They Ask, You Answer educates your prospects before they even contact your sales team. When they do reach out, they are informed, engaged, and likely closer to making a purchasing decision. This invariably shortens the sales cycle, as the groundwork of educating the customer has largely been done through your content.

• Increased website traffic

  Marcus’s approach positions your business as a thought leader and a trusted resource in your field. By providing valuable and informative content that answers real questions, your website becomes a destination—not just a stop along the way. This naturally boosts organic search traffic, as people will find your content while searching for answers.

• More qualified leads

  The people who reach out after consuming your content are not cold leads; they are warm, if not hot. They’ve read your materials, they know your stance, and they appreciate your approach. These leads are generally higher in quality and more likely to convert than someone who has landed on your site via a more generic route.

• Becoming the voice of trust in your space

  In an era where 44% of millennials prefer a sales process without a sales professional—2.2 times more than the previous generation—becoming a trusted voice is invaluable. The They Ask, You Answer philosophy aligns perfectly with this changing landscape. Marcus emphasises that when you consistently and honestly answer the questions your prospects are asking, you become their go-to source for information, building an authoritative and trustworthy brand.

• Differentiating impact for large multinationals and start-ups

  For large medical device multinationals, this strategy offers a way to humanise and personalise a brand that may otherwise seem distant and corporate. It’s a method for these giants to show their customers that they understand their problems and are here to help solve them.

  For nimble start-ups, They Ask, You Answer can rapidly establish authority and trust in a competitive market. Without the huge marketing budgets of larger competitors, this content-driven approach allows startups to carve out their own space in the industry by showcasing their expertise and engaging directly with their audience’s needs and questions.

Hypothetical applications of 'They Ask, You Answer' in medical device companies

They Ask, You Answer has proven to be a transformative strategy for a variety of businesses

To illustrate how this philosophy could be applied successfully within the medical device industry, let’s consider two hypothetical examples – one from a large multinational company and one from a start-up.

• Example 1: A large multinational medical device company

  Imagine a global leader in surgical equipment, with a presence in over 100 countries. They found that prospective clients were consistently asking similar sets of questions about the safety, efficacy, and cost of their products. Responding to this, the company adopted the ‘They Ask, You Answer’ philosophy and began creating extensive content that included:

  • Detailed comparisons between their products and competitors’ offerings, with transparent discussions about pros and cons.
  • Case studies showcasing successful surgeries using their devices, complete with surgeon testimonials.
  • Informative videos demonstrating the products in action and explaining the technology behind them.

  The Result: A predictable outcome from these activities could be a 70% increase in website traffic within six months and a 50% reduction in the time spent by their sales team on educating prospective clients. Most significantly however, could be a 35% increase in conversion rates from inquiries to actual sales.

• Example 2: A medical device start-up

  Consider a start-up focused on wearable health monitoring devices. This fledgling company noticed that potential customers frequently asked about the data privacy and accuracy of their devices. Instead of avoiding these concerns or burying them in the FAQ section, the start-up embraced Marcus’s approach:

  • Comprehensive blog posts explaining the stringent data protection protocols they employ.
  • Whitepapers and webinars that detail the science and technology that underpin the accuracy of their monitoring devices.
  • Real stories from patients whose lives have improved because of the insights and monitoring from the start-up’s devices.

  The Result: This could be triple-digit growth in organic website traffic, increased engagement on their site by 90%, and, crucially, leads generated through their content were 2.5 times more likely to convert into paying customers than leads from other sources.

How to uncover They Ask, You Answer questions for your audience

In a world where the buyer’s journey is largely digital, medical device companies must anticipate and address the questions their potential customers are asking online. But how do you discover what these questions are?

Here are some focused strategies to uncover the critical questions your audience is asking:

• 1. Host a company workshop

  Gather your sales, marketing, and customer service teams and ask them to identify the top questions they are answering 80% of the time. These front-line employees interact with your customers daily and have a wealth of insights into their concerns and curiosities.

• 2. Set up regular revenue meetings

  Organise bi-weekly revenue meetings with the sales and marketing teams. Use these meetings to discuss new questions that are emerging from prospects and customers. Keep a running list and prioritise creating content around these questions.

  By systematically uncovering the questions that your audience is asking, you can create targeted, relevant content that meets potential customers where they are in their buying journey. This proactive approach not only positions your company as a trusted resource but also helps to nurture leads more effectively through the sales funnel.

The Big 5 questions

Marcus Sheridan asserts that there are five critical types of questions that customers are consistently searching for online before making a purchase. These are what he dubs ‘The Big 5’.

For medical device companies, addressing these questions in your content can be a game-changer. Here’s a breakdown of what these questions are, along with examples tailored for the medical device industry:

• 1. Pricing and cost

  Explanation: Customers want a clear understanding of what they can expect to pay. While specific numbers can be tricky due to varying contracts and agreements, a range or explanation of factors affecting cost is beneficial.

  Example: Write a blog post titled “Understanding the Costs of Our Cardiac Monitors: A Comprehensive Guide”.

• 2. Problems and issues

  Explanation: Be honest about the challenges that might arise with your products. Transparency builds trust.

  Example: Publish a page detailing common issues with certain types of surgical lasers and how your product design minimises these problems.

• 3. Comparisons

  Explanation: Potential customers often compare your products with those of a competitor. Creating this content for them saves time and positions you as a trusted source.

  Example: Craft a whitepaper comparing your MRI machine’s image quality, ease of use, and cost to leading competitors.

• 4. Reviews

  Explanation: People seek out reviews from other customers before making a purchase decision. Share testimonials and case studies.

  Example: Showcase video testimonials of healthcare professionals who have switched to your patient monitoring systems and their experiences.

• 5. Best in class

  Explanation: Potential clients want to know what the best options are, even within your own product range. Highlight the top performers.

  Example: Write a blog post titled “Our Top 3 Most Efficient and Reliable Respiratory Devices for 2023”.

  By proactively and transparently addressing these Big 5 Questions in your content, you are meeting potential customers exactly where they are in their buyer’s journey. This approach, advocated by Marcus Sheridan, transforms your company’s online presence into a comprehensive, trusted resource, setting the stage for increased conversions and customer trust.

Embracing a new era of digital buyer engagement

In today’s digital age, where 80% of a buyer’s decision is made online, traditional sales and marketing strategies are quickly becoming obsolete.

Ready to transform your business with They Ask, You Answer?

The digital landscape is changing, and to thrive, your business strategy must evolve too. At Podymos, we’re not just observers of this transformation; we’re certified coaches for They Ask, You Answer, trained to guide companies like yours through this proven approach. We’ve partnered with Marcus Sheridan and the They Ask, You Answer team to become experts in helping businesses rapidly adopt this powerful strategy throughout their organisation.

Claudia Holy, founder and Managing Director of Podymos, is the only certified They Ask, You Answer coach specialising solely in the Medical Device sector. ​She has adapted the framework to function quickly and effectively in this highly regulated industry.

Whether you’re a startup seeking to carve out a place in the market, or an established multinational company aiming to strengthen your online authority, we have the experience and tools to guide you.

• See rapid results with Podymos

  Don’t leave your company’s digital future to chance. Let Podymos help you take control and transform your online engagement, lead generation, and overall business success.

• Book a call with us today

  Take the first step towards revolutionising your business. Schedule a no-obligation call with a Podymos certified They Ask, You Answer coach. We’re here to listen, understand your goals, and show you how we can make them a reality.

• Book a call with Podymos today.

  In today’s fast-paced, hyper-connected world, the way people buy has fundamentally changed. Are you ready?