Showing posts with label Selling. Show all posts
Showing posts with label Selling. Show all posts

Saturday, April 22, 2017

Little and Good is Twice Good

Even if you cover your ears, 10 seconds into the presentation, you know the rep is an extrovert.

There's too much copy on her slides.

Whether writing or speaking, extraverts cannot grasp Mies' motto, "Less is more."

Adam Grant studied 300 salespeople and proved extroverts underperform both introverts and "ambiverts,” because they can't practice restraint.

Extroverts leave themselves "vulnerable to appearing too excited or overconfident," Grant says, and wind up overselling.

They'd do well to heed the words of the 17th century writer Baltasar Gracián, who advised colleagues to "leave off hungry."

"Demand is the measure of value," Gracián says. "Even with regard to bodily thirst, it is a mark of good taste to slake but not to quench it. Little and good is twice good. The second time comes a great falling off. Surfeit of pleasure was ever dangerous and brings down the ill-will of the highest powers. The only way to please is to revive the appetite by the hunger that is left."

In other words, be brief, and leave customers breathing room to consider your proposal.

Little and good is twice good.

"If you must excite desire," Gracián says, "better do it by the impatience of want than by the repletion of enjoyment. Happiness earned gives double joy."

Or as the showman P.T. Barnum said, "Always leave them wanting more."

Sunday, November 27, 2016

CMO, Want to Avoid Extinction?


No CMO wants to be left on the sidelines. Sidestepping the confines of traditional marketing to deliver a more relevant and integrated customer experience will ensure the future of the CMO on the digital playing field.


— Accenture White Paper

Dear CMO:

Afraid you'll be banished to the North Pole?

Ready to declare every conventional marketing tactic passé?

Well, be warned: your rush to "embrace digital" is abominable.

The reason's simple.

Just like people who use an online dating service, B2B customers use digital to eliminate you from consideration. They don't use it to start a relationship.

Relationships come from face-to-face.

And relationships are the wellspring of growth, the most valuable off-balance-sheet asset your company has.

So why on earth would you "sidestep" face-to-face?

Do you want to avoid extinction—or accelerate it?

Monday, November 21, 2016

Is Your Content Fat and Soggy?


Is your content fat and soggy?

A story memo can cure it.

Professional writers use story memos to pitch ideas to editors and producers.

The brief memos answer five questions:
  • Why does the story matter?
  • What's the point?
  • Why is the story being told?
  • What does the story say about the world?
  • What's the story about in a single word?
With answers to these questions, a theme emerges. That focuses the story, makes telling it easier, and serves readers a tasty treat.

Fat and soggy's fine, if you want to appear "content rich" to boobs, bosses and bots.

But crisp and thin converts customers.

Tuesday, November 15, 2016

Looney Tunes


Maybe it's the "new normal" after 2016's presidential campaign.

The panelists at a marketing conference I just attended were unanimous: only "crazy" will capture customers' attention in 2017.

That goes for email Subject lines as well as all other content.

Sales trainer Ryan Dohrn recommends these 10 grabbers:

Subject: [Road Runner] recommended I get in touch

Insert a [peer's name] in your Subject line. Referrals are the best way to connect instantly.

Subject: I was just wondering…

This line can introduce an offer to meet.

Subject: May 29th?

Another way to introduce an offer to meet.

Subject: 3 reasons…

This line precedes a list of reasons the customer should engage with you. It's effective after previous emails have bombed.

Subject: Did something happen?

Guilt works after you've had a meeting or sent a proposal and received no feedback.

Subject: New idea for you

Effective right out of the gate when you want to arrange a meeting. Offer an idea that gives the prospect a slight competitive advantage.

Subject: Acme Anvils

Ruffle the customer's feathers by naming her competitor. Let her know how her rival is a step ahead.

Subject: Wrong person?

Use in your last-ditch effort. Ask the customer to provide information that will eliminate her from your list. But be careful: this line only works when you are emailing aggressively, not occasionally.

Subject: 20 minutes?

This line must be followed by a promise to solve a problem or save time and money.

Subject: I will respect your answer

It's not nutty to ask for a "No." When a customer feels like she can say "No," she'll at least reply.

Monday, November 14, 2016

Artful Dodgers

Open secret: B2B prospects are dodging salespeople.

It now takes 18 or more dials to connect with a B2B prospect over the phone, according to TOPO. Call-back rates are below 1%. And only 24% of sales' emails are ever opened.

The reason: reps put their own agenda above that of prospects, so prospects turn to peers for advice.

It's why 1 million B2B reps will lose their jobs to self-service e-com by 2020.

Two professors, Laurence Minsky and Keith Quesenberry, urge B2B reps to try "social selling."

"With social selling, salespeople use social media platforms to research, prospect, and network by sharing educational content and answering questions," they say in Harvard Business Review.

"As a result, they’re able to build relationships until prospects are ready to buy.

Social selling makes sense, because three of four B2B buyers rely on it to reach buying decisions.

A survey by Hubspot shows 72% of B2B reps who use social media outperform their peers, and more than half have closed deals as a direct result of social selling.

Reps can be sell effectively with social media by spending no more than 10% of their time with it, the professors say; but they need to be trained.

Marketers can provide that training, but often they don't want to.

The solution? Wrest social media from marketers and hand it to sales.

By providing a self-guided portal where reps can find marketers' content and share it with prospects on LinkedIn, Facebook and Twitter, B2B companies can win over artful dodgers, the professors say.

"After all, social media is too important to be left to marketing."

Tuesday, October 25, 2016

iRobot


%%^So87** 9ih07s>lcs 8;l#jdfdci


That may be the next headline I write for a client (it's a damn good one, too).

Tomorrow's advertisers will target not consumers, but consumers' “personal algorithmic assistants,” according to futurist J. Walker Smith.

In only a few years, we'll be surrounded by smart devices loaded with sensors, “so we can passively maintain our lives while the sensors and technology actively handle the details," Smith says.

Sensors in our phones will choose the music we play based on our moods. Sensors in our necklaces will monitor our caloric intake. Sensors in our shoes will connect to Google Maps and lead us to the store. Sensors in our toothbrushes will track how many times we brush our teeth each week and report our habit to the dentist.

Advertisers will therefore sell to sensors, rather than consumers, Smith predicts.

Ad copy will seek to change the "preference profiles" directing the sensors' algorithms.

Ad man David Ogilvy once admonished his agency's copywriters to respect their audiences.

"The consumer isn't a moron. She's your wife."

I look forward to the day I can say, "The consumer isn't a moron. She's your toothbrush."

Monday, October 3, 2016

Social Selling ≠ Black Hat Selling


A fool with a tool still remains a fool.


— R. Buckminster Fuller

In a fool's hands, "social selling" becomes antisocial.

The reason?

On social networks, you should serve, not sell. (Serving puts customers' goal in the forefront; selling puts yours.)

If you can't grasp the difference, steer clear of social selling.


It will rapidly turn you into a black hat.

"There are no other areas of a seller’s life where the circles in the Venn Diagram of 'apps I use for work' and 'apps I use for fun' overlap," says Peter Ostrow on SiriusDecisions.

The overlap is a dark and dangerous pitfall.

Ostrow offers three rules for side-stepping it:

Social Selling = Listening. "The best way to grow long-term sales effectiveness via social is to develop a keen sense for what is being said in your particular corner of the market—and how influencers are saying it," Ostrow says. Follow subject matter experts on Twitter and connect to them on LinkedIn.

Social Selling = Contributing. Use half your posts to curate the best content the SMEs publish. "Your buyers will respect you far more as a helpful source of knowledge if you actually help them become smarter and do their jobs more effectively—as opposed to just selling your stuff in a disguised, purportedly indirect fashion that everyone sees through anyway."

Social Selling = Collaborating. Don't think, do. Dive into the conversations. Share ideas. Serve.

Sunday, August 28, 2016

Slip Slidin' Away



Although "Death by PowerPoint" is universally dreaded, B2B marketers continue to create overstuffed "megadecks."

"Decks have hundreds of company- and product-centric slides," says Christina McKeon on SiriusDecisions' blog. By stupefying audiences with unwelcome information, "sales reps are missing out on a small window of opportunity to establish credibility with the buyer."

Marketers should instead create decks driven by the buyer's questions.


"Winning sales presentations are buyer-centric," McKeon says. Decks should deliver only what the buyer needs to know at the moment, and omit slides focused on "internal processes and constructs."

Decks should also be designed to prompt a specific action by the buyer. Early in a relationship, that might mean validating her organization's needs; later, it might mean preparing to onboard her organization as a customer.

Marketers also need to "think beyond slideware," McKeon says. Content can be delivered through media other than slide decks, such as leave-behinds or a sales proposal.

Lastly, marketers should confirm their decks actually work. "Marketers should ride along on client calls to get live feedback on how the material is working, so necessary adjustments can be made," McKeon says.

Saturday, August 27, 2016

Why Face-to-Face Works


As we all know from Star Trek, the strongest force in the universe is gravity.

The second strongest may be mimicry.


Mimicry is the reason face-to-face works—better than broadcast, direct, email, mobile, outdoor, packaging, print, PR, social, sponsorships, telephone, web, wearables, word-of-mouth, or any other marketing channel.

Like gravity, mimicry is an inborn and inescapable "hidden force" compelling us to behave in predictable ways. 

Mimicry makes us automatically imitate the expressions, gestures, postures, actions and language of people around us.

And mimicry generates trust between parties. It's why couples who share the same manner of speech are 50% more likely to date; why servers who repeat their customers' orders get 70% bigger tips; and why negotiators who imitate their opponents' postures are 500% more likely to win.

Because it builds trust, mimicry "shapes professional success," says Wharton marketing professor Jonah Berger in Invisible Influence: The Hidden Forces That Shape Behavior

"Mimicry facilitates social interaction because it generates rapport," Berger says. "Like a social glue, mimicry binds us and bonds us together. Rather than 'us versus them,' when someone behaves the same way we do, we start to see ourselves as more interconnected. closer and more interdependent. All without even realizing it."


So it's just natural this vast hidden persuader works its black magic at conferences and trade shows, deleting distrust and making us all members of one federation.

CAPTAIN'S LOG: Happy 50th, Star Trek. Live long and prosper.

Wednesday, July 20, 2016

How to Win Friends and Influence Prospects


"Attention is something that can't be refunded or recalled," 
Seth Godin says. "Once it's gone, it's gone."

Most salespeople fail to realize how fleeting and fragile attention is.

If a prospect won't reply to emails, return calls, accept appointments or keep them, it means you haven't created enough interest to earn her attention.

Here are five sure-fire ways to correct that:
  • Get referred. Leverage your network. Ask an influencer to smooth your way.
  • Call early. Cold call before the morning madness starts (or late in the evening, when it's past). Be ready to stimulate thoughts. 
  • Send a letter. Provoke thoughts the old-fashioned way. Close by asking for an appointment.
  • Send a gift.The right one will earn more attention than it deserves. Try a new dollar bill.
  • Go where the prospect goes. Use common sense and a little detective work to learn which events the prospect attends. Button-hole her there. Again, be ready to provoke thoughts.

Friday, July 1, 2016

Mel Ordway Betters Himself


Mel Ordway's troubles began the day he was assigned Nat Bowen's old territory.

That morning, and for weeks thereafter, whenever he called a customer, Mel was regaled with tales of Nat's famous "sparkle."

Mel guessed Nat's sparkle was largely a matter of physique. The man was an athlete, after all. Mel was out of shape. So to get some sparkle, he began to diet, take long walks, and practice deep-breathing exercises.

Then Mel's wife got on his case.

Phyllis told him that, though she'd been smitten when they were dating, after three years of marriage to him she'd decided Mel was unattractive. He was a day-dreamer, a worry-wart, a promise-breaker, and an intellectual lightweight, Phyllis said. "No wonder you haven't made the hit with the firm that Nat has."

So at Phyllis' insistence, Mel went to the public library and checked out a pile of books: books on improving concentration and memory; on the psychology of personality; and on business and the industry he worked in.

Mel studied the books and, within only weeks, saw his sales increase. His customers began to mention his "sparkle." His boss gave him more room to negotiate prices. And Phyllis grew more affectionate.

Mel became a regular patron of the public library after that. He was firmly on the path to self-betterment.

Mel Ordway's story appeared in the March 1918 edition of The Business Philosopher, a monthly magazine published by Arthur Frederick Sheldon. It was just one of hundreds of similar case studies of under-performers who embraced "Sheldonism" to turn things around.

Now forgotten, Sheldon was once a prominent Chicago business executive; a cofounder of the Rotarians; and the man who coined the slogan, “He Profits Most Who Serves Best.”

Sheldon also launched an industry that came to be called "correspondence education."

In 1902, full of sparkle himself, Sheldon began offering a mail-order self-help course that, at the height of its popularity thirteen years later, would be taken by more than 10,000 salespeople annually.

Sheldon's interests, as reflected in the course materials and the pages of The Business Philosopher, spanned many topics, from personal selling to labor relations, business ethics to economic justice; and helped shape the thinking of a generation of salespeople.

In 1908, Sheldon relocated his mail-order business from downtown to a Chicago suburb named Rockefeller. He bought a 600-acre campus, built a school, and hired nearly 200 local residents to help run it. The Sheldon School offered courses in shorthand, typing, bookkeeping and, naturally, salesmanship.

A year after the school opened, the town changed its name from Rockefeller to AREA, in tribute to the school's motto, Ability. Reliability. Endurance. Action.


AREA, says The Business Philosopher, names a "four-fold capacity" you must embrace; until you do, "complete success is impossible."

Don't believe it?

Just ask Phyllis.

Saturday, June 4, 2016

Razor's Edge


Don't cut it on the job market? Now you can go back to school. Tuition free.

H'University, brainchild of razor manufacturer Harry's, gives students the chance to "learn real-world skills from world-class entrepreneurs, and apply to get hired at top companies."

Personifying value, the microsite proves again content marketing isn't branding.

Content marketers like Harry's realize customers want brands to help them become better citizens, not just better shoppers.

That realization puts content marketers a cut above competitors.

Sunday, May 8, 2016

Listening Hard

Forgotten genius Ring Lardner was a popular satirist of the 1920s, famous for the practice of "listening hard."

He delighted fans by cloning the speech of ball players, barbers, cops and musicians in his newspaper columns, short stories, songs and plays.

Lardner influenced other, better known writers who followed, including Virginia Woolf, Ernest Hemingway and John O'Hara.

"Listening hard" is the secret sauce not only of good writers, but good salespeople, customer service reps, therapists, judges, spouses and parents.

Sadly, most of the time we default to "easy listening," where others' speech functions merely as elevator music during our ride to the top.

We're eager only to listen with the intent to reply, rather than understand, as Stephen Covey noted.

“When people talk, listen completely," Hemingway said. "Most people never listen.”

Friday, May 6, 2016

Bad-fit Buyers



Caveat venditor: Bad-fit buyers are everywhere.

"Every new customer you bring on who isn’t the right fit presents a churn risk," says Dan Tyre on Hubspot.

Churn is a risk, because it opens new doors to bad reviews.

What are the signs to watch for? The bad-fit buyer:
  • Is considerably larger or smaller than your typical customer
  • Operates in an industry outside your target market or time zone
  • Is discourteous and responds to questions with emotions, rather than facts
  • Doesn’t want to answer questions or makes contradictory statements
  • Is unwilling to take direction and seems competitive
  • Doesn’t have resources (money, time, staff)
  • Seeks a "silver bullet"
  • Goes from excited to apathetic and back again
  • Is disorganized and can’t spend time with you
  • Cancels meetings with short or no notice
  • Doesn’t follow simple directions (like please read the one-page outline)
  • Seems to be going through the motions
  • Has to hear you say the same thing at least four times before he gets it
"Almost all prospects will show some of these indicators," Tyre says. "The key is to be 100% transparent, have open conversations with your prospects, and set expectations at every step of the process."

Thursday, May 5, 2016

Hot Spots


B2B events are hot.

Freeman (my employer) has just released a compilation of statistics that proves it. Among the findings:
  • 225 million customers attend 1.8 million events annually
  • $565 billion is spent on events annually
  • 20% of a marketer's budget is devoted to events (the single largest spend)
  • 48% of brands see an ROI on events from 3:1 to 5:1; 41% see even better
  • 93% of executives say events increase their chance to close deals
  • 98% of customers say events increase their purchase intent
  • 79% of brands will boost their involvement in events this year

Wednesday, March 30, 2016

6 Simple Tips for Presenting Benefits that Convert


"Copywriting can be fatally disconnected from the real world of buying and selling," says Brad Shorr in Convince & Convert.

To bridge the gap, B2B marketers need to converse with salespeople, because "they are in the trenches, actually talking to customers and prospects and hearing firsthand what motivates them to buy and what keeps them from buying," Shorr says.


But how do you turn the conversations into copy that converts?
Shorr offers six tips:

Lead with "application" benefits.
First things, first. Nothing else matters if the product offered doesn't fill buyers' needs.


Hit buyers over the head. When you're reaching more than one audience, call out the high-value benefit applicable to each segment. Here, subheads and design can help.

Let customers do the talking. Testimonials, "if they are employed systematically and not arbitrarily," speak volumes. Using a benefit-bearing subhead to introduce a testimonial will clarify it.

Track. Track website form and phone leads back to their marketing sources, to learn which benefit statements convert the most buyers, and favor those statements in the future.

Get personal. "Don’t underestimate the power of personal benefits, even in B2B," Shorr says. Find out what they are by interviewing buyers. Prompt them to choose or rank personal benefits from a list.

Avoid temptations to pile on benefits. Avoid at all cost the "laundry list of benefits." Lists only convert buyers into skeptics.

Sunday, March 13, 2016

Short and Easy



"It is more fun to talk with someone who doesn’t use long, difficult words but rather short, easy words like ‘What about lunch?’"                               
― A.A. Milne


Most often, your purpose in publishing is to inform and persuade. Why mask your meaning with long, difficult words?

Why say your product "will provide seamless multi-user functionality," when you mean it "supports up to 15 users?"

Why sound like some abstruse academic or dodgy bureaucrat?

"Bad writers, and especially scientific, political and sociological writers, are nearly always haunted by the notion that Latin or Greek words are grander than Saxon ones, " George Orwell says in "Politics and the English Language."

Latin and Greek words are grand, but their use in business is dreadful.

Just look at this balderdash from Accenture:

Insurers will need to open up to their ecosystem partners, sharing not only customer data, but customers themselves. To encourage and support such ecosystems, IT architectures will need to evolve, ensuring flexibility and interoperability with external partners and providers. A key challenge will be to orchestrate innovation and legacy evolutions while simultaneously managing security threats and changing IT processes to roll out and manage new products and services faster and cheaper.

Acccenture means:

Insurance companies need to upgrade their IT systems so suppliers can use their customer data. But they can't let the changes interrupt routine business.

This morning's lesson: short and easy.

Now, what about lunch?

Saturday, February 20, 2016

Do You Chase Butterflies?

Remember the sunny feeling you had as a child when you chased butterflies?

If you do that in business, you're begging for trouble.

In a recent blog post, event-design guru Jeff Hurt laments the fact that most workers sacrifice impact for busyness.

"I’ve seen way too many professionals addicted to cleaning out all the emails or making progress on their list of tasks instead of spending time doing the right thing," Hurt says.

"We’ve got to retrain our brains that strategic thinking first is more important than a check mark. We’ve got to rewire our brains to realize that strategy leads to more success than our busyness."

I've witnessed another, equally toxic habit that plagues many professionals, particularly senior executives, marketers and sales managers.

That habit is chasing butterflies, the mindless pursuit of fugitive opportunities; an addiction to chasing every papery grail of growth that happens to flutter by (usually far off the path of the core business or audience).

Like busyness, chasing butterflies feels good.

Focus, its opposite, doesn't—especially when there are so many lovely distractions about.

Focus isn't easy. 

Focus isn't fun.

But it's a habit you have to adopt, if you want to have impact.

Just ask Marissa Mayer.

Thursday, January 21, 2016

Marketers, You Have Work to Do

The second in a two-part series, today's post was contributed by Margit Weisgal, author of Show and Sell: 133 Business-Building Ways to Promote Your Trade Show Exhibit. She writes for The Baltimore Sun.

“If it weren’t for customers, we could get our work done.”


Adults indeed say the darndest things.

Don’t you wonder how some companies stay in business? They spout platitudes about how much they care about you and that customers are paramount. 

Then they go and do something incredibly stupid.

Here's an email I received recently (identifying information deleted):

Thank you for contacting us. As for as why our department does not receive incoming calls, there are many reasons. The greatest of these reasons is that if they were required to answer phone calls in addition to their paperwork that is sent to them every day, they would have a much more difficult time processing the requests they receive. Please be patient as our department looks into your request. Thank you and have a wonderful day.


In other words, paperwork trumps customers. 

It’s marketing’s job to make sure there is consistency in everything a company says and does.

Marketers, you have work to do!

Wednesday, January 20, 2016

Adults Say the Darndest Things

Today's post was contributed by Margit Weisgal, author of Show and Sell: 133 Business-Building Ways to Promote Your Trade Show Exhibit. Margit writes for The Baltimore Sun on Baby Boomers' issues and interests.

For 17 years, TV personality Art Linkletter hosted a segment on his daytime show called "Kids Say the Darndest Things. He'd interview children and watch them, wide eyed, as they spouted incredible responses to his questions.

Like Linkletter's kids, the adults who staff your trade show exhibits also say the darndest things. One of my favorites is, “Why do I have to be here, when I could be out meeting customers?”

Really? What do they think they’re doing at the show?

Sometimes—maybe too often—we don’t take the time to explain to staff our goals and objectives for a trade show. 

When they don't understand why you're participating, or what you hope to accomplish, they'll work like a team of horses pulling in different directions. Not a team at all.
 
Marketing is about more than what you say. It’s also about what you do. And actions speak louder than words. If the two don’t jibe, your credibility goes away. 

It’s the darndest thing.
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