{"id":13533,"date":"2017-03-15T18:17:18","date_gmt":"2017-03-15T17:17:18","guid":{"rendered":"https:\/\/www.emailvendorselection.com\/?p=13533"},"modified":"2023-05-21T10:35:47","modified_gmt":"2023-05-21T08:35:47","slug":"do-you-really-need-to-do-an-rfp","status":"publish","type":"post","link":"https:\/\/www.emailvendorselection.com\/do-you-really-need-to-do-an-rfp\/","title":{"rendered":"Do You Really Need to do an RFP?"},"content":{"rendered":"\n<p>I think everyone hates RFPs. As a guy who\u2019s been around this industry for quite a while, I\u2019ve seen, managed, created and responded to more than my fair share.<\/p>\n\n\n\n<p>Overall, I tend to have a completely different view of RFPs since I started a technology company in 2015. When building from the ground up, you tend to prioritize what is really important to get the job done vs demoware and fluff.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>I was staying at a hotel recently and the design was amazing, wood trim shower door. Just really a nice design. The problem was the shower door opened towards the wall and I had to step out, close the door to retrieve a towel. Not the best user experience.<\/p>\n\n\n\n<p>This is what I like to call <b>\u201cAesthetics wins over functional design\u201d<\/b>. This, in my opinion, is common for most platforms. Many features are just for show and not optimal for production email or efficiency. But when <a href=\"https:\/\/www.emailvendorselection.com\/rfp-request-for-proposal\/\">Request for proposals<\/a> are 250 lines of feature related questions, simple YES\/NO responses just don\u2019t help you answer what is really different or important to your operations.<\/p>\n\n\n\n<p>I believe the day of the RFP has outlived its purpose. RFPs were created decades ago as a procurement vehicle, not a pure capabilities fit.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"394\" height=\"269\" src=\"https:\/\/www.emailvendorselection.com\/wp-content\/uploads\/Screen-Shot-2014-04-12-at-12.31.25-PM.png\" alt=\"Screen Shot 2014-04-12 at 12.31.25 PM\" class=\"wp-image-13542\"\/><\/figure><\/div>\n\n\n\n<p>Today\u2019s landscape has changed; we are in a world of prove it, show me and hands-on. The feature sets across a Lumascape of 1000 vendors who have email campaign management and mobile\/social capability are so generalized, it is hard to distinguish who is good, best or better without <a href=\"https:\/\/www.emailvendorselection.com\/esp-trial-demo\/\" target=\"_blank\" rel=\"noopener noreferrer\">simulation testing<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Motivations_Behind_RFPs\"><\/span>The Motivations Behind RFPs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I remain resilient on the core reasons anyone considers an evaluation for new marketing technology. RFPs are historically a painful process, adding additional overhead and cost to a very understaffed direct marketing\/ digital team. But the root of the need to do something else has not changed:<\/p>\n\n\n\n<p><b>1. Reducing cost<\/b><br>The reason many people switch jobs? They figure they\u2019re likely to get paid more by leaving &#8212; only to find out it\u2019s not as rosy at the other end. Reducing costs is one of the top reasons most switch, in addition to pressure from their company\u2019s leadership. They\u2019ve heard that <a href=\"https:\/\/www.emailvendorselection.com\/the-death-of-email-marketing-cpm-and-why-that-is-great-for-you\/\">email CPM prices are declining<\/a>, they haven\u2019t renegotiated for a few years and fear they\u2019re leaving money on the table with existing vendors. It\u2019s a price hunt in a nutshell.<\/p>\n\n\n\n<p><b>2. Dissatisfaction with services<\/b><br>The vendor <a href=\"https:\/\/www.emailvendorselection.com\/5-signs-your-esp-relationship-is-doomed\/\">doesn\u2019t open my car door any longer<\/a>! Quality of performance, response and strategic advice has dulled. You\u2019re on the Aluminium Plan, not the Gold Support Plan, or no plan at all. But the contract you had and budget you\u2019ve flattened has just not met your needs, or you were oversold in the first place.<\/p>\n\n\n\n<p><b>3. Better capabilities<\/b><br>This is the strangest rationale, but trade shows will always be full of impressive WOW demos that you want to take home. Strange, since most marketers don\u2019t even come close to maximizing the capabilities of their existing technology, yet still write 250 line RFPs. And if you\u2019ve ever tried to score an RFP, it is NOT a science, and it\u2019s never as simple as a YES\/NO scoring process. A perfectly rational conclusion is to come to feel like you\u2019ve outgrown your ESP or your team isn\u2019t working well with your services team, but in many cases it may be hard to financially <a href=\"https:\/\/www.emailvendorselection.com\/how-to-justify-the-investment-in-new-email-technology-video\/\">justify that investment in new email technology<\/a> .<\/p>\n\n\n\n<p><b>4. General changing of the guard<\/b><br>We still find that the average tenure of an email marketer is two to three years, and a CMOs life span tends to mirror that. Change is good in marketing, yet we find programs that consistently outperform others in retail have an ability to retain people in these roles longer than average. That experience absolutely pays off, with fewer mistakes and better cost management. But with all new regime changes, most will have a history with other providers and often seek to do evaluations.<\/p>\n\n\n\n<p>What makes all this more of a challenge is that procurement gets involved at the end, rather than the beginning, so things often get peeled back with cost compression pressures. 90% of contract buyer\u2019s remorse is because the contract fees don\u2019t match the needs. You typically get what you pay for in the end.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"If_You_Must%E2%80%A6\"><\/span>If You Must\u2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Most marketers still use the typical analyst guideline for top enterprise selectors (like <a href=\"https:\/\/www.emailvendorselection.com\/forrester-wave-email-marketing-vendors-2018-our-analysis\/\">Forrester Wave email marketing<\/a> or Gartner), and then you have the specialists, <a class=\"ek-link\">and <\/a><a href=\"https:\/\/www.emailvendorselection.com\/email-marketing-agencies\/\" class=\"ek-link\">email marketing agencies<\/a> that all specialize in a subset of marketing technologies. These organizations are great at helping you figure out what you need and helping you align to select vendors that you don\u2019t know already.<\/p>\n\n\n\n<p>There is value in third party inputs to help \u201csell\u201d the decision upstairs and help you organize your thinking when you are busy driving 60mph. But do think about the economics. My hope is that the industry <a href=\"https:\/\/www.emailvendorselection.com\/10-things-hate-about-rfp\/\" class=\"ek-link\">revolts against RFPs<\/a> and uses that time\/energy and expense to force the community of technology providers to \u201cprove it\u201d vs. burn excessive energy in less than conclusive RFPs.<\/p>\n\n\n\n<p>Proof of Concepts are viable, even among email marketing toolsets in which <a rel=\"noopener noreferrer\" href=\"https:\/\/www.emailvendorselection.com\/deliverability\/\" target=\"_blank\" class=\"ek-link\">deliverability<\/a> features play an important role. The bonus is that you can pick a program you\u2019ve always wanted but didn\u2019t have time for, to isolate for a Proof of Concept. Not only will this help you see it in action, how you use it, learn it and how support is provided to assist you- all critical to any evaluation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Things_to_keep_in_mind_for_your_RFP\"><\/span>Things to keep in mind for your RFP<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A few things to keep in mind (that I keep as a general guideline) if you are forced down an RFP path:<\/p>\n\n\n\n<ul><li>If you don\u2019t think you can compress costs more than 20 percent, it\u2019s probably not financially worth the effort.<\/li><li>Your operational model must match the company you want to work with\u2014 Self\/Full\/Hybrid\/Global? If you can\u2019t operate it yourself and plan to support your own team, you\u2019d better understand how to remedy problems, or your ability to respond will put you at a disadvantage to your competitors. (Resource costs never outweigh response and accuracy opportunity costs).<\/li><li>You can\u2019t evaluate technology parity through a 400-line questionnaire. You need to find a \u201clive\u201d or \u201clab\u201d setting to demonstrate this. Force that problem on the vendors competing for your business. Don\u2019t be oversold again.<\/li><li>RFPs\/RFI\u2019s do provide value in terms of details about the companies you are considering. How they address security, deliverability management, privacy and are they reputable in the industry, but again, you don\u2019t need an RFP to get that information.<\/li><\/ul>\n\n\n\n<p>In the absence of divorcing yourself from RFP processes, you might just consider condensing it so it\u2019s not a beast for vendors to participate in and helps you accomplish something valuable in the process. By streamlining this you will get through it faster, limit the switch barriers and ultimately be in a better position to negotiate terms, since the vendor cost to participate is not high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think everyone hates RFPs. As a guy who\u2019s been around this industry for quite a while, I\u2019ve seen, managed, created and responded to more than my fair share. Overall, I tend to have a completely different view of RFPs since I started a technology company in 2015. When building from the ground up, you [&hellip;]<\/p>\n","protected":false},"author":99,"featured_media":13535,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":4,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[2],"tags":[185,199],"dealstore":[],"coauthors":[801],"acf":[],"_links":{"self":[{"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/posts\/13533"}],"collection":[{"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/comments?post=13533"}],"version-history":[{"count":2,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/posts\/13533\/revisions"}],"predecessor-version":[{"id":73618,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/posts\/13533\/revisions\/73618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/media\/13535"}],"wp:attachment":[{"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/media?parent=13533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/categories?post=13533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/tags?post=13533"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/dealstore?post=13533"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.emailvendorselection.com\/wp-json\/wp\/v2\/coauthors?post=13533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}