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Strictl MARKETING MAGAZINE $3.95 | JULY/AUGUST 2016 Use Google 8’s to make your Business GREAT! Proven Success for Lead Management The Napoleon Complex: Small Company, Big Attitude Should Marketing own Social Media? David Mattson Successful Sales Recruiting Letter from the Publisher Happy Summer everyone! I hope your Business is as HOT as the heat here in Florida! Its summer break for families and vacations are being taken, weddings planned but don’t turn down the efforts your making with marketing, if anything, kick it up a notch. If your season starts in September, start marketing now! We are welcoming a new face to our team, Jerry King, Master Cartoonist will be adding a touch of humor to each issue, putting some laughter into our marketing! Welcome Jerry, we are super excited to have you as part of our team. A lot of people take this time to look for new opportunities, so this issue is centered around Sales recruiting and management. Don’t let great talent escape you. We have collaborated with some excellent resources to share tips and suggestions on finding and keeping that ROCKSTAR. I had the opportunity to interview David Mattson, of Sandler Sales Training. David offered some excellent tips on being successful at sales recruiting, all year long. Wishing you continued success, In this Issue….. 3 How To Respond When Your Prospect Says The 6 Most Dreaded Rejection Words 5 Use Google’s Eight to make your Business Great! 7 Successful Sales Recruiting - Feature Interview with David Mattson 11 Media Spotlight - Fresh Tracks 12 3 Key Shifts for Mastering and Up-leveling Your Social Media Mindset 14 Its all about .SOCIAL 16 The Napoleon Complex: Small Company, Big Attitude 18 Proven Success Formula for Lead Management 21 Future Marketing, becoming Big Social Mobile - Should Marketing really own Social Media Credits Columnists: •Debbie Qaqish •Cynthia De Lorenzi Strictly Marketing Magazine [email protected] Toll Free: 844-222-9740 •David Giannetto •Rob Basso •Jerry King Contributing Writers: •Michael Levin •Alicia Nicole Waters •Bill Glenn 2 Strictly Marketing Magazine July/August 2016 How To Respond When Your Prospect Says The 6 Most Dreaded Rejection Words R ejection. We in marketing and sales face it everyday. Secretly, for many of us, rejection actually comes as a relief. Once the prospect says no, we’re freed from the discomfort of trying to convince someone to buy. We can take a deep breath, shuffle papers on our desk, look busy, scroll through our list of prospects, disqualify each one of them in our minds and otherwise ignore the reality that we are paid not just to show up but actually to sell. Often, prospects want to let us down gently. They won’t outright say no, if they have a shred of empathy. They’ve probably sold for a living, too. So they’ll come up with all kinds of excuses about why they can’t or won’t buy. Often, it’s just as hard for them to say “No” as it is for us to hear it. The prospect’s number one way to get out of a sales call without having to hear another word from you: “I’ll have to think it over.” Well, what exactly do you have to think over, Mr. or Ms. Prospect? If you knew the product or service was right for you, you’d buy it. If you knew it were wrong, you’d reject it. So what’s left to think about? And yet, surprisingly, salespeople actually welcome those six dirty words, because they offer a diplomatic way to hang up the phone. That’s because the dirtiest secret of all in sales is that most salespeople hate selling. Oh, we like closing deals, getting commissions, being top of the board, making President’s Club or whatever, and winning the all-expenses paid trip to Jamaica. No worries, mon. It’s the selling we secretly despise. So when we get a rejection, especially a diplomatic one like “I’ll have to think it over,” it’s actually fine. It means we can stop selling and start…wasting time. Here’s the good news: “I’ll have to think it over” doesn’t necessarily mean no. It often means, “I don’t have enough information, and I’m afraid to ask you another question because I don’t know if you’ll lie to me, pressure me, or assume I want to buy.” So the move we need to make is to welcome those six words…not because they give us an easy out but because they actually create a real path to making a sale. How, you ask? It all depends on how you look at sales. If you think of it as getting over on the other guy, or using a bunch of old school clauses, or a numbers game, or any of the traditional boiler room approaches, things never go well for long. But if you think of sales as an opportunity to serve people by getting them what they need and desire, and above all, a search for the truth, everything changes. When I hear, “I have to think it over,” here’s what I do. I pause, and I speak softly. “You know,” I begin, “when people say, ‘I have to think it over,’ there are two possible things happening. “One is that they really don’t want what I’m offering and they’re just trying to let me down gently. “If that’s the case, it’s okay. I’m a big boy and I can take a no. “The other possibility is that there’s a question that hasn’t been asked or a concern that hasn’t been voiced. “Is that the case here? Is there something I haven’t answered properly or thoroughly for you?” The change in tone is essential. It indicates to the prospect that there’s been a shift in the nature of the call. It’s no longer about me selling. It’s about you getting your needs met and your current need is to ask a question you haven’t felt comfortable asking. Some people will tell you, “I’m really not interested.” That’s great. You’ve got clarity. Strictly Marketing Magazine July/August 2016 3 You can move on to the next prospect, safe in the knowledge that you’ve done your best. Or now the conversation will take a deeper turn. You’ll find out what the prospect’s real concerns might be. And then you’ll know how to act on them. You’ll also learn to address that issue at the outset in future sales calls, because if one person’s thinking about it, then it probably bothers a lot of prospects. You’ve also denominated yourself as that rare thing in the world – a listener. In today’s busy world, real listening is rare. It demonstrates that you care…not just about making your numbers but about the other person. So the next time you hear “I’ll have to think it over,” smile. You’re about to change the result from to deal from no deal. And you’ll do it in a way that makes you—and your prospect—proud. New York Times best selling author Michael Levin runs www.BusinessGhost.com, America’s leading provider of ghostwritten business books. Notable Notes in Sales and Marketing (Venice, FL) Enzymedica, the leading digestic enzyme company, has hired Kevin Tautkus to the position of Executive Vice President of Marketing, Kevin was formerly with Nature’s Way. (California & Nevada) Marc McGinnis is now Vice President of Sales for The Word & Brown General Agency. Marc’s new role will be streamlining the sales processes across California and Nevada. Have a promotion in marketing or sales that you’d like to share? Email your press release to [email protected]. Not all entries will be accepted, please keep verbiage to no more than five sentences. Include Name, Company and New Title. 4 Strictly Marketing Magazine July/August 2016 Use Google’s Eight to Make Your Business Great! 2. Launch, then keep listening and asking. Seek real-world input and perspective on your marketing plans, prospect, product or services. Working so closely on marketing our own business we sometimes fail to see the forest for the trees. Your marketing objective should be to help deliver what your customers wants, needs or desires so it is important to see how your customer really sees what it is you have to offer. H ave you ever considered how Google has been able to withstand the test of time and continually innovate new technology and products for their millions of users and followers? What is it about Google that helped their company grow, innovate and influence all of our lives? Recently I read an article on Google’s Eight Guiding Principles that has been the driver of their culture of innovation. By examining Google's approach to business and innovation perhaps we can learn and apply some or all of these principles to our own business and even stretch our innovation muscle into marketing in business. Google's Eight Guiding Principles: 1. Think 10x – At Google there is a belief that true innovation happens when you try to improve something 10 times rather than by 10%. The next time you are developing a marketing plan, project or program take time to project how it may be possible to improve your marketing efforts by 10 times. What would it take to really push the envelope in your marketing efforts? One strategic way to do this is to always add “yes and” to your marketing strategy and ideas. Create your marketing statement or objective and keep saying yes and to see where this line of thought leads you. 3. Share everything you can! Google believes that collaboration is essential to innovation and they put that in practice in all of their meetings. Getting a group of marketing creative’s, the sales team, project managers and leaders together can be a challenge; especially when perspectives and desired outcomes can differ, even subtlety. Talk about everything that is going on in your business, around you, outside your business and with your competitors. Broad discussions can help you find ideas that can propel your marketing efforts and campaign in insightful and valuable new directions. 4. Hire the right people! Of course that is obvious and Google is renowned for hiring talent across all spectrums of skills, experience and expertise. In the marketing world it is invaluable to be surrounded by creative, innovative, open, positive people, especially those who possess great instinctual insight into people and trends. Listen to what they see going on in the world and see if that may be something you can translate into your marketing efforts. 5. Use the 70/20/10 model. Google sees that 70% of projects are dedicated to their core business, 20% of projects are related to their core business and 10% of Google projects are unrelated to their core business. Strictly Marketing Magazine July/August 2016 5 You are probably thinking that as a growing business you need 100% focus dedicated 100% of the time to growth. But it is this flexibility that can help you find a new and better way to reach your audience. Why, because you are thinking differently and possibly more creatively by thinking this way. How would you establish this kind of approach in your business? 6. Look for ideas everywhere. I love this one! Google believes that great ideas can be found anywhere and they look for them everywhere. Open your doors wide and see just what might happen. Read, paint, walk or go to museums. Whenever you can get out of your office and away from your desk. It is in these spaces and moments you can ignite an idea that will have you running with excitement to test your new thoughts. 7. Use data, not opinions. Today you can readily gather data from your efforts and slice/dice and mine it for clues as to how your message is reaching and impacting your marketing efforts. 8. Focus on users, not competition. If your competitors are copying you it means that you are the one establishing where business is going and growing. But the most important place for you to focus your energy and time is on your customer. Make that the key point of your business and marketing efforts. You customers will get it and love you for it! Cynthia de Lorenzi is an International Motivational and TEDx Women Speaker, Google+ and Social Media Consultant, Futurist, Artist, Photographer, CEO and Chief Instigator Success in the City TV. www.successinthecity.org 6 Strictly Marketing Magazine July/August 2016 David Mattson Successful Sales Recruiting trictly Marketing Magazine sat down with Dave Mattson, President and CEO of Sandler Training, to S talk about Sales Management and Recruiting. Dave oversees the corporate direction and strategy for Sandler’s global operations including sales, marketing, consulting, alliances and support, with a focus on sales leadership, strategy and client satisfaction. Dave shared some great tips and suggestions about sales recruiting. SMM: Our Readers would like to know a little more about you and how you got started in your business. DM: I was a client of Sandler in 1986. At that time, I thought that salespeople were born, not made, so I was a little skeptical. Once I learned more about Sandler, though, I realized that they had a very conversational model and they weren’t trying to make me somebody that I wasn’t. It seemed to me that selling was like a sport and that the more you learned, the more you practiced, the better you could become. I began working for a local Sandler training office in Connecticut and that’s where I was first exposed to David Sandler, the “guru” of Sandler, who would become my mentor. My first role was to train the trainers but under David Sandler’s tutelage, I went on to run global sales and eventually became COO of the company in 1994. When David passed away, I purchased 25% of the company; and then bought another 25% of it in 2007 and finally bought the company outright in 2012. Now I’m the CEO and we have expanded the company to 265 training centers in 31 different countries. We have about 19,000 students a year coming through our program. SMM: In every industry, there seems to be a lot of turnover in the sales department. Why do you think that is? DM: If I look at it from the first-hand perspective of a salesperson, sales is a very difficult business. Much of the time, we’re out there making calls, but being rejected. Many individuals don’t have the self-discipline necessary to do what it takes every day. If you were to ask most people, salespeople especially, “What do you have to do every single day to be successful?” they can’t really tell you. They tend to be reactive rather than follow a plan, so when things don’t work out, they don’t really know how to fix the issue. I also think that most salespeople don’t have a process in place, so they don’t know how to get from point A to point B. Strictly Marketing Magazine July/August 2016 7 They need to have best practices which they consistently follow. There are a lot of hurdles to get over, a major one being lack of sales management because, in today’s world, less and less time is spent on the individual. So that’s from the perspective of a salesperson. From a CEO perspective, high turnover is due to a variety of reasons. It could be that companies don’t onboard people properly. They spend a lot of time recruiting, but not a lot of time onboarding and there is a lack of formalized skill development. A CEO has to ask, whenever we hire new employees, do we actually have a clear path to make them better, every time? I know the answer for most companies is “No.” Most turnovers happen after the full first sales cycle. About a year into the business, people find themselves confused and not doing as well as they thought and – suddenly – there’s turnover. Another factor is that sales management doesn’t have a coaching plan in place for individual salespeople. As a sales manager, if you don’t have the time or a plan in place to help your people get from A to B with the skills necessary for them to be successful, then you’re set up for failure. Unfortunately, no one really tracks the cost of turnover. I meet with companies and ask two questions to which I never get a good answer: How long does it take from the time that you hire somebody to the time that they’re profitable in your company? Most people don’t know that answer and if you don’t know the answer, you can’t make it better. Second, what’s the cost every time somebody leaves your company? They don’t track it. They may be tracking other things that are perhaps less important, but the cost of turnover is very expensive, both from a brand standpoint and an economic standpoint. It’s a critical statistic that few take into account. 8 5 Strictly Marketing Magazine September/October 2014 SMM: What are some strategies that companies can implement to prevent that turnover? DM: Well, one of them is a more realistic interview process. What I mean by that is, a lot of companies are selling the blue sky - they want you so badly that they oversell what’s necessary to be successful. I have yet to hear somebody say, “Look, here’s what it’s going to look like in the first 6 months. You’re going to have to build a book of business, you’re going to have to do this, etc.” Most sales managers or recruiters are saying, “It’s wonderful here, it’s awesome,” instead of “I sell a dream because I need a body in the position. But I probably haven’t accurately painted a picture of the things that it takes to be successful, the things that you really have to do every single day to thrive.” And those are two very different things. When you are up front and lay out for people exactly what they will need to do in order to be successful, then there will be less surprises at review time and you will have less turnover. As an example, I have 4% turnover in an allcommission-based job. Think about that – it’s incredibly low. That’s because the salesperson knows going into it what it takes to succeed and what it is going to take to fail. We spend a lot of time on that versus selling the dream. The on-boarding process that I talked about is important and what I laid out is really simplified. But it’s one of the things that somebody should know in the first six months in order to be one hundred percent successful at their job. The second: give them an example, and give them a script. You should also have behavioral plans for new hires. Right from the start, a new hire should know what they are supposed to be doing every single day, every week, every month, in order to succeed. Because if they don’t, they will fill their day doing things that they think are productive, but won’t really help them become successful. It’s very important for them to have a recipe - a formula for success. I also like the library of best practices, which we also successively use to cut turnover. We identify different functions of the sales process or the job, and we actually record it or create scripts to demonstrate the best practice and encourage our people to replicate it. What we tend to do is to say, “This person was 500 percent above quota so therefore they will be a superstar in my business,” and that’s not accurate. You should be looking at an applicant to disqualify them from the position, not to beg them to take the job. Once the new hire is armed with a plan and best practices, you can ask, “Hey, how are you doing on your on-boarding plan? Can you actually do those things? Are you doing these things every day to be successful?” And if they haven’t, then you know they’re not going to be successful. You don’t have to wait six months to a year to figure that out because they haven’t done anything that was outlined for them to be successful. I interview like I conduct a sales call: I don’t want to put something through the sales funnel that doesn’t fit, and I don’t want to do that to an applicant. While I want to make sure he or she is a good fit, I’m also looking for the reasons why there wouldn’t be a fit - something most people overlook. I believe that the disqualification mindset is a good one. You should make sure that there’s a good cultural fit, and production numbers are great indicators, but you have to make sure that the person’s not going to be disruptive or will not really blend into the overall dynamics of the team, especially if you are team selling - a bad apple in team selling can destroy the whole team. So look for culture, look for job fit, look for the candidate’s fit based on skills and experiences and results, and make sure that they have some sort of plan in place. SMM: What top mistakes do recruiters make when they’re hiring for the sales department? DM: Many times, they haven’t been provided with an accurate job profile. Recruiters should make a list of pertinent questions, such as, who will this person be calling on? What’s the average sales cycle? How are they being paid? When looking for somebody to call on the C-suite, with a six-month selling cycle, $5M and above services, you really shouldn’t be hiring somebody who calls on purchasing agents for a transactional $50K sale. You need to match the job profile to the individual. You should also follow the SEARCH model: Skills, Experiences, Attitudes, Results, Cognitive skills, and Habits. If I were a recruiter, I would look at a few major things: Do the skills of this person match up to the job profile? Do they have the skills necessary to succeed, or will they need to be trained? Do they have the required experience? Have they done this somewhere else? And most importantly, have they produced these same results? If I’m looking for a hunter, I want to know if the majority of their business at their current workplace came from new business? And they’ll need to show it to me because I need to know that this person will fit nicely in the job that I’m filling.Magazine September/October 2014 5 Strictly Marketing SMM: Would it be better if the sales manager did the hiring or does it matter if human resources is involved? DM: Here’s how I’ve seen it most successfully work time and again: HR and Sales create the job profile and the interview questions. HR culls down the field to the top 5 or 6 candidates and then let the sales manager hire from that group. Sales managers will likely tell you they don’t have the time for all of those interviews, and that’s fine. Then sort it down to a more reasonable number, but let them make the ultimate decision. SMM: What are some questions that the candidate should be asking during the interview? DM: What will I do day-to-day? How do you judge success? What would my overall portfolio look like? 9 Is it relationship-based? If a commission-based position, I’d like to know up front how the commission structure works? What is your turnover rate? Other big picture questions: If I want to grow, how do I grow with you and your company? Do you promote from within? What’s your process? The applicant should treat a job interview like a sales call - you just happen to be selling yourself. The bottom line is that most applicants are doing the exact same thing that the recruiters are doing: recruiters are saying, “It’s awesome, it’s awesome, it’s awesome.” The applicants are saying, “I’m great, I’m great, I’m great.” And nothing of substance ever gets discussed. Avoid this trap. SMM: Can you offer some tips to create a sales environment that would attract the right candidate? DM: Your company should have a coaching culture, and a playbook for success. Tell new hires, we’re going to give this to you on day one; here are your scripts and your qualifying questions; here’s what you should be doing, and how you should do it; here’s how we train you. That is a fantastic sales environment. You make the assumption applicants are leaving their other positions because they’re unhappy with something - money, lack of support? So when you outline the ways your company supports new hires, you’re creating a culture. I always ask a prospective employee, aside from money, what is the number one reason you’re leaving. The most common answers are, I don’t respect my manager; I’m not being paid attention to; or I don’t have the tools to succeed. The training culture, the coaching culture, providing playbooks - that’s a huge draw for people, especially when you’re 40+. Explain how they can help your company grow. People want to contribute, they want to become part of a bigger thing. 10 5 Strictly Marketing Magazine September/October 2014 SMM: If you’re hiring a sales manager what tips would you offer to choose the right candidate? DM: Sales managers are often the least-trained group of people in a company. They were promoted to the position, but never trained on how to be a great coach – something integral to being a great sales manager. 8 out of 10 companies can’t write down the sales process, from the time they prospect to the time that they sell additional products and services. If you think about that for a second, how is a sales manager supposed to manage a team when everyone’s doing things differently? It’s impossible. We set up most of our sales managers to fail, and we don’t even know it. Do you have the right processes in place, to get clients, take them through the sales process, to do all the things necessary? Are you supporting your people properly? Do you have the right people on the bus? (There are a variety of assessment tools out there to determine that). I talk to sales managers all the time. They say, “Well, my people call me when they need me.” That’s so untrue. Get your processes in place and then create your own cookbook (a list of things that you should be doing as a manager every single day.) This will be benefit your own job and, more importantly, help you to grow your people. Here are the questions that I ask my sales people all the time: What should we be doing more of? What should we be better at? What should we be doing differently? If you have that quick conversation on every call, you’re going to increase effectiveness. If you have to train anybody in your company, train your sales managers. David Mattson is President and CEO of Sandler Training. To learn more about Sandler, visit their site at www.sandler.com. To find out if you are hiring the right talent get our complimentary e-book. http://reports.sandler.com/new-hires-social/ MEDIA SPOTLIGHT Fresh Tracks Podcast: Fresh Tracks with Kelly Robbins Website: http://www.FreshTrackswithKellyRobbins.com Description: The Fresh Tracks show is for entrepreneurs, aspiring entrepreneurs, and marketers that know there is more to building a profitable business and living a life than being busy. We have to power to create whatever we set our intention to create and we don't do that by following cookie-cutter formula's and doing 'what we are supposed to do'. Life is a journey. Our listeners want to live on purpose, are open to examining themselves and understand that there is personal development work involved in building a business. They are interested in creating a holistic life/business. The show brings a variety of viewpoints on how to build your life your way. We do this by creating our own Fresh Tracks in life and not following in the footsteps of others before us. This may mean bucking the trends of our family, corporate background and society as a whole. How often is your show released? Twice a month. What would you like a potential guest to submit to you? Bio, Headshot, Contact Information, Website Link, 5-10 Sample questions and Topic Summary. Where should someone submit this information for guest consideration? Email this information to [email protected] Get your FREE Media consultation today! Fill out our complimentary assessment to get more exposure for your business! https://strictlymarketing.wufoo.com/forms/qahl71w0dfvjtr/ Strictly Marketing Magazine July/August 2016 11 3 Key Shifts for Mastering & Up-leveling Your Social Media Mindset I n order to be a successful entrepreneur online, mastering your marketing mindset is the most critical factor for achieving your best results. As most know, using social media is not always as simple like a walk in the park. It has several components that have to be continuously mastered and/or upleveled. Having the right social media mindset and learning how to effectively use each platform often challenges a lot of business owners, causing them to have limiting beliefs about creating consistent success through their online presence. In turn this often impacts their attitude, mindset and leaves them feeling like they can not win no matter what they do on social media. I recall having a powerful dialog with Kerry Heaps, on the Strictly Marketing Talk Radio Show about how your marketing mindset truly sets the tone for your business. We talked about the importance of having the right attitude, aligned marketing strategies and the common mistakes that most entrepreneurs make with online marketing that creates limiting beliefs and derail their success. I addressed how I've personally had my own share of limiting beliefs and held myself back on many occasions based on a lack of confidence and competency for how to best utilize social media to my advantage. Instead of continuing in frustration and beating the drum of the same routine with no real results, I had to shift my perception and change the way I looked at social media. I began with up-leveling my social media mindset in order to redesign a success model for real results. The art of making the proper shifts to master your social media mindset is what’s most important even before coming up with a strategic marketing plan. 12 Strictly Marketing Magazine July/August 2016 We've been taught in the world of business to do it the other way around. We create the plan without first developing our marketing mindset for success. This is exactly why most can not or will never create scalable, sustainable or successful marketing models. If we don't fully understand what it takes to cultivate the right mental environment for our social media success, we'll be ready to quit and give up every time we feel invisible, rejected or incompetent. Giving up or taking unnecessary pauses in our social media momentum instead of making subtle shifts or up-levels, could potentially create more limiting beliefs, develop negativity towards our target market, other successful business owners or even resent social media altogether. This is why mastering and up-leveling your social media mindset is non-negotiable. 3 Key Shifts for Mastering & Up-leveling Your Social Media Mindset Master the art of accurate thinking and aligned focus: It is often stated that what we focus on or think about the most is what we vibrational create externally. their limitations and then flip the script to make social media work for our greater good. We have to start adopting the belief that social media is always working in alignment with our mission instead of thinking that it's not working for us. Even though that's easier said than done, when we feel blocked or can't get the results that we want, we must begin to see every opposition or even opposing opinions as opportunities to up-level. Developing the right mental muscle to handle the various aspects of social media involves being willing to change your point of view with least resistance and then take right inspired actions. Begin shifting your mindset to use low visibility challenges or little to no feedback on products,services or your brand as an invitation to realign those areas for greater expansion to become more than you can imagined. This also provides an up-leveling opportunity to trick your subconscious mind to succeed vs sabotage by aligning your focus with what is true and best for your business. If you've ever watched some of the original Looney Tunes, there was an episode where Elmer Fud was confused about which season it was for hunting. Bugs Bunny and Daffy Duck kept deflecting the focus off of themselves trying to get Elmer to believe that it was the others season. Bugs, brilliantly used reverse psychology to get Daffy to declare it was duck season, causing Elmer to open fire on him. Our limiting beliefs can challenge us in this way. We get confused about when, what and how to share our offerings. Like Bugs, we have to learn how to masterfully reverse the roles in our mindset around our social media efforts and somehow cause our non-serving beliefs to expose 9 Strictly Marketing Magazine September/October 2014 Don't compare yourself to others: Most entrepreneurs get into the comparison mode when they measure their social media results to others. Sometimes what appears as the success of another can be a surface illusion. Regardless, we are each at different phases or levels on our entrepreneurial journey. Focusing on what others are doing or comparing causes you to create more social media mindset challenges. Instead of getting distracted in the comparison zone, find out what you can learn from others or use your challenges to pioneer a new way of social media success. Making this mental shift will open fresh new ideas for your social media goals. See social media as your business partner: Up-level your perception by viewing social media as your business partner and/or chief advisory counsel for sales, marketing, advertising and mindset shifts. Instead of looking at social media for just promotional ambassador purposes for your brand or business, connect with the energy of the social media as a whole. Begin to create a partner based relationship with it. The most effective way to begin this process is to get present and set time aside every week or month to decide what are the best platforms or methods to use, how often, and explore uncommon ways to serve your target market correctly. Alicia Nicole Waters! is the CEO of Alicia "Waters" Cross Industries Intl., which is a global cross niche media communications and cross brand marketing training empire for helping entrepreneurs re-purpose their efforts to serve in diverse industries. She is the author of over 100 book publications and specializes in cross niche journalism marketing, cross industries branding and serves as a media communications mentor. Visit her site at www.aliciawaterscrossindustries.com Strictly Marketing Magazine July/August 2016 13 It’s all about .SOCIAL S ocial media networks come and go. How many of us remember MySpace? How about Xanga? LiveJournal anyone? The beauty of a .SOCIAL domain is that it evolves with you and www.yourbrand.social can redirect to Facebook today, Twitter tomorrow, and the social media platform of the future the following day. But even if the social media platform of choice is changing faster than most people change out their toothbrush, the influence of third party platforms on the internet continues to grow. There are currently nearly 3.5 billion internet users around the world and over 2 billion active social media users. Gone are the days when a brand’s entire digital identity was tied to a single website connected to a single domain. The question is, how can brands both large and small, make the most of the time, energy and resources they commit to third party social platforms? The simplest answer doesn’t require special content creation or a contract with a social media marketing firm (not that these are outside the realm of reasonable actions but they do require more in-depth planning and budgeting). By assuming responsibility for their audience’s experience finding their content, brands can dramatically improve the experience, ensuring that their audience finds them and enjoys the experience. This is where a unique and memorable domain name comes into play. Most third party platforms automatically assign users an altogether forgettable web address like www.facebook.com/yourbrand or www.twitter.com/yourbrand. While still possible for customers and fans to find said brand using a search of the brand’s name, each step along the way decreases the likelihood that a brand’s audience will successfully find them. A brand that curates this experience by registering www.yourbrand.social and redirecting it to a third party platform of choice increases their likelihood of being found and provides a memorable experience along the way. 14 Strictly Marketing Magazine July/August 2016 For brands that find it difficult to pick a single social media channel, there’s the option of pointing a .SOCIAL domain to a social media aggregation site where fans and potential customers have the advantage of seeing all of a brand’s third party content in a single place. Social media aggregation is beneficial for customers who don’t have the time to follow your brand across a handful of third party platforms, providing a comprehensive portrait of any and all news, promotions and updates. Lamborghini is currently utilizing the site, www.lamborghini.social to redirect to a social hub where customers can find links to the brand’s comprehensive social media profile including Facebook, Twitter, Google+, YouTube, LinkedIn, Instagram, Spotify, Pinterest, Vimeo, SoundCloud, FourSquare, VK, Weibo, Youku, WeChat, Vine and Periscope. For a single customer, however invested in the Lamborghini brand, to keep track of this many profiles without the benefit of a single site would be challenging at best and impossible at worst. The New York Post offers a similar function to their customer base at www.nypost.social with a page that links to their Facebook, Twitter, LinkedIn, Google+, Pinterest, Tumblr, Instagram, Vimeo and YouTube. While the purpose is similar to what Lamborghini is doing with .SOCIAL, both brands are unique in how they represent themselves on their respective pages. Of course, for some brands the power of .SOCIAL is less about the advantage of social media and more about the fact that the word is an exact match for their brand or project. Information about Guy Kawasaki and Peg Fitzgerald’s book The Art of Social Media: Power Tips for Power Users is available at www.artof.social because that’s their brand and they just so happened to find a new gTLD that perfectly summed up who they are and what they represent. Most recently, musician Rick Springfield and legendary act The Doors have registered .SOCIAL domains and are using it in two different ways. For Springfield, it’s being used as a re-direct to his website where he is promoting his latest album, “Rocket Science.” For The Doors, the domain serves as the main website, allowing fans to then navigate the site the way they choose – News, Gallery, Store and more. Meanwhile, even Pope Francis has realized the value of new domain names! Scholas.social is his new platform that enables schools an education networks to be in contact with each other. In this case, the new domain name offers an extra dimension – far better than neutral extensions like .org or .net. Additionally, websites branded with a .SOCIAL domain are appearing with increasing frequency across the most popular website builders, including WordPress, Weebly, SquareSpace and Wix, indicating that it’s not just larger brands that have clambered aboard the .SOCIAL train. While many gTLDs are relatively new, many brands are already embracing this opportunity, utilizing a .SOCIAL domain to redirect to the following social platforms: For individuals, startups, and SMBs, a .SOCIAL domain can represent a more affordable option than an expensive .COM, while resolving dilemmas ranging from how to create a memorable call to action, branding microsites and creating a memorable and clear path to social media content. ● Facebook ● Google Plus ● Twitter ● Bitly ● LinkedIn ● Instagram ● YouTube ● Tumblr ● Periscope By Bill Glenn, VP of Marketing for Rightside. For additional .SOCIAL use cases visit http://showcase.ninja/tagged/.SOCIAL. Strictly Marketing Magazine July/August 2016 15 The Napoleon Complex: Small Company, Big Attitude I can clearly remember my first day in operation running my payroll company. I was finally open for business and there was only one problem; I had no clients to actually prepare a payroll for. I had a fancy new printer, a great little computer network and I even had my first staff member- does my mom count as a staff member? I guess so. Nevertheless, I was in business and ready to take on the giant payroll processors of the world. Armed with not much more than my enthusiasm and vigor I began guiding my fledgling operation on a path to conquer the industry, well at least my little piece of it. It is a daunting task to start your own business regardless of your industry. I had chosen a business sector that I had been a successful salesperson in for only two short years. I think one of the reasons I thought I could actually compete and do a good job in the payroll industry was a result of my naiveté combined with my complete and utter lack of understanding of how difficult it would really be to run my own organization. Some say that ignorance is bliss, and I agree that sometimes when you are starting a business it is better not to know what challenging times may lie ahead or you might not even start down the path. Fast forward a fairly grueling 20 years and my firm is now the most respected payroll services provider in the region we serve and we compete with the big guys on a level playing. In fact, my company is a topic of discussion at every one of the industry giant’s sales meetings. They are constantly attempting to undercut our pricing, discredit us and downright lie to try to persuade our loyal client base to jump ship and cross over to the dark side. Secretly, I know our competitors respect us. Why do they need to resort to such base behavior? It’s simple. We provide better services all around than 16 Strictly Marketing Magazine July/August 2016 they do, not to mention many of our clients quickly tired of being treated poorly by these larger firms and were happy to find a home with a smaller provider that could respond to their needs more appropriately. Does this sound familiar? Whether you are a smaller company just starting out or have been around for a while, I am certain you understand exactly what I mean. How do you compete on the same level as the larger firms when you don’t have the money for extravagant marketing campaigns, can’t hire the best sales staff available, pay rent at the swankiest address or sometimes even afford some of the basic necessities to make your operation run smoothly? Here are a few tips that will leave the industry giants in your rear view mirror. Lead the community scene – Being a smaller player means you have to find novel and lower cost way to get noticed and be taken seriously. Taking a keen interest in your local, regional or trade community will raise your ability to come in contact with the influencers you need to meet to help your business soar. Example: When I started my firm I made it a point to be on the board of regional charities and civic organizations. Not only was it personally rewarding, but it paid big dividends as some of my best clients (that I still work with today) came on board as a result of this charity work and my company’s interest in our local community. Plus, getting involved in local charity events is great, free PR. Care about your clients entire business - It’s not enough anymore just to do your job well at a reasonable price. You need to be on the lookout for ways to enhance your clients business even if it is not directly correlated to what you are providing them. Example: If you are a health benefits provider and you are selling services to clients with less than 50 employees the rates for services will be the same with any broker they choose. By offering complimentary services like payroll, education savings, and retirement planning through partners you can help your client with more than they ever expected. Be different, but recognizable – You want to be able to stand out in from your competitors, whether irreverence is the angle, a slightly different solutions offering or you offer a twist on your delivery method. Whatever angle you use to raise your profile, it should be different enough to be eye-catching and memorable, without confusing your prospects or customers on your product offering. Example: Several years back, a local limousine service in the northeast was the first one to introduce hybrid cars in to their fleet. They tapped into a burgeoning market of travelers who want to be environmentally friendly. While the upfront vehicle purchase was initially higher, the operating costs are lower than standard vehicles over the long term and this organization made themselves stand out as different and forward-thinking in a sea of lackluster vendors. They appealed to and solidified a solid consumer base in a new, young generation that will use them for years to come. You can find anything you want just by doing a web search. While this is true, being a trusted source of pertinent and relevant industry information for your clientele and followers means that they will be happy to use your website and staff consistently as a resource while thankful you did the research for them. Example: I received a fantastic white paper from an ERISA attorney that was so well written and informative, I called him up and asked him if I could share it with my entire client base. I am sure he was counting of some of the recipients to react this way. The attorney has since done some work for my firm. I would not have looked for this information on my own, but was pleased to have it and share it with my customers. My customers were also happy to have received pertinent information to help them run their business. My firm quietly took market share for over five years before really being on the industry leaders’ radar. The reality is that while we are a complete nuisance, we’re not really a threat to their existence. That is probably the outcome that most of the entrepreneurs that choose to go head to head with the giants of their industry face. The brilliant and lucky few sometimes find a way to become the big guys. I ask if they are really “lucky” to become that big? I would rather be a company with a Napoleon complex- a smaller company with a big attitude. Small business and Entrepreneur Advocate, Expert and Author Robert Basso is founder and president of the New York region’s largest independent payroll processing firm, Advantage Payroll Services and a regularly sought out small business guest speaker, mentor and media expert. For more information visit http://www.RobBasso.com Do a better job than your competitors in educating your customers – Information is ubiquitous. Strictly Marketing Magazine July/August 2016 17 Proven Success Formula for Lead Management: How to Overcome Five Common Challenges H ow frustrating is it that over 50% - 70% of leads sent from marketing to sales never receive sales follow-up? This is a well-researched statistic that has not improved for the last five years. As a result, the time, money and effort applied to generating sales ready leads is often much more impressive than the actual revenue results realized from this activity. The primary culprit in this missed opportunity is how marketers execute lead management. Most marketers treat lead management as a series of ad-hoc, poorly coordinated marketing activities rather than an intentional, cross-functional business practice. I recently facilitated a focus group on the topic of lead management. As part of a pilot for a lead management course, 11 different companies and 16 marketers at a manager/director level from a range of industries and company sizes gathered to discuss the topic. Not only did this one-day training serve to pilot our lead management class, it also acted as a focus group to highlight common challenges and validated a practical framework for effective lead management. This article presents the challenges most often experienced by marketing and details a practical framework for addressing these challenges. This approach will re-energize your lead management practice, ensure the leads you send to sales are both appreciated, acted on, and deliver the attribution and revenue results you have worked to earn. Defining Lead Management Let’s begin by establishing a working definition for lead management. Lead management is a methodology whereby marketing generates qualified leads, passes them seamlessly and efficiently to sales and sales/marketing processes 18 Strictly Marketing Magazine July/August 2016 them through to close. It is a combination of people, process and technology, a shared capability for marketing and sales and applicable to both prospects and clients. Five Most Common Lead Management Challenges In working with the pilot group described above as well as with my B2B clients, I see five common themes or challenges for an effective Lead Management practice. 1. 2. 3. 4. 5. Everyone is “doing it.” Not managing as a practice. Run as a marketing-only capability. Lack of best practices and structure. No business case. Everyone is “Doing It” Anyone with an e-mail system or a marketing automation system and a goal to produce leads for sales is “doing” lead management. Yet, “doing” is not enough. “Doing” is the reason that 50% - 70% of all leads go unprocessed and untouched by sales. The first thing that has to happen for effective lead management is to realize that the current ad-hoc approach to lead management is not enough. Marketers need to move from “doing” to “practice.” Not Managing as a Practice In most companies, lead management is not conceived or executed as a specific practice. Rather, it is habitually managed as an ad-hoc set of disparate activities that have grown organically over time. The Lead Management Framework (LMF) below details the six key areas of an effective Lead Management practice. Establishing Metrics If you can’t measure it, you can’t manage it. Peter Drucker. Let’s begin by admitting if we can’t measure it, we can’t manage it. Taking the time to develop a set of performance Key Performance Indicators (KPIs) for lead management is a key step to creating a practice that results in predictable revenue. A KPI is a value you choose to measure. It might be tactical (measures the effectiveness of your marketing activities), operational (measures the efficiencies in your processes), or revenue related (measures attribution, pipeline and revenue). Defining a Sales Ready Lead Step 2 in the Lead Management Framework is to carefully define a sales ready lead. This key activity begins to define a common language used by marketing and sales and presents the ideal opportunity to begin a business collaboration with sales. A sales ready lead is determined using demographic data (size of company or title) and digital body language (online actions). The value of digital body language is continuous in that it helps score a lead (part of defining sales ready) and provides on-going insights for making better sales pursuit decisions. Creating One Common Lead Funnel with Stages and Statuses Step 3 in the Lead Management Framework uses the common language established in Step 2 and common marketing and sales goals to create one common funnel. In this common funnel, both marketing and sales have unique and cross-coordinating responsibilities. Multiple technologies enable managing one funnel. Architecting Lead Processing and Routing Step 4 in the Lead Management Framework depicts the detailed flow of how a lead is processed (people, process and technology) and routed. The development of the flows should involve sales input and be optimized through technology. This is an especially important step when an organization is using any kind of tele-sales or tele-qualification team – whether sourced internally or externally. I see many leads lost when this team is added and what I should be seeing is a set of greatly improved results. This can happen with lots of collaboration and careful architecting of people, process and technology for this critical juncture. Developing Lead Scoring Step 5 in the Lead Management Framework is to develop the lead score for a sales ready lead. This is a MUST to do with full involvement of the sales group. After all, they are the consumer for the leads that you will produce and if they do not perceive value in the lead, they will not follow up. The lead score for a sales ready lead is determined using demographic data (size of company or title) and digital body language (online actions). The lead score is not a “set it and forget it.” It needs continuous review and optimization. Implementing Service Level Agreements (SLAs) The final step in the Lead Management Framework is to develop SLAs. This document describes the roles, responsibilities and KPIs for marketing, telesales and sales. Jointly developed with sales and tele-sales, getting buy-in and behavior change around this document is often quite challenging for marketing. Run as a Marketing-Only Capability Lead management is most often viewed and executed as a marketing-only capability. In contrast, best-in-class companies run lead management as a highly collaborative, crossfunctional capability. Strictly Marketing Magazine July/August 2016 19 Marketers are often surprised at the level of collaboration required to make lead management effective, but also state it is worth the effort and time. Of particular importance is the relationship with sales and the tele-sales group. Lack of Best Practices and Structure There is a stunning lack of best practices and organization around an effective lead management practice. Since so many marketers have an ad-hoc set of activities that comprise lead management, this is not surprising. Once a framework for the practice is established and the key stakeholders are identified and involved, best practices can be identified and optimized and the appropriate structure can be put into place. No Business Case One of the biggest surprises from the focus group was the lack of understanding of the potential value of lead management across stakeholder groups and to the organization as a whole. It’s almost as if marketing is so busy “doing stuff,” they don’t have time to create a solid business case for the value of lead management. This is no excuse given the dismal follow-up rates on leads and the resulting monumental loss in time, money and effort. The Business Case for a Dedicated Lead Management Practice. A best-in-class lead management practice produces effectiveness, efficiency and revenue for sales and marketing. Benefits for sales include a more predictable sales pipeline, more time on leads that convert, continuous digital body language intelligence, higher average deal size and a shorter sales cycle. Benefits for marketing include predictable marketing contribution to sales pipeline, businessoriented investment decisions and transformation of marketing from a cost center to a revenue center. To develop your lead management practice business case, follow these steps. 20 Strictly Marketing Magazine July/August 2016 Step 1: Understand what intentional lead management looks like (no more ad hoc). Research your competitors and peers in your space. Step 2: Define the value in terms of your organization. You know the results you are getting today. Step 3: Provide proof points. Research, research, research. Step 4: ID and collaborate with key stakeholders – especially sales and tele-sales. It’s never too late to start. Step 5: Implement & optimize with transparency. As you reshape your lead management practice, be transparent on both activities and KPIs. The Lead Management Framework and the insights shared in this article provide a foundation for moving from “doing” to “practicing” and for realizing ROI from your lead management practice. Debbie Qaqish is The Queen of Revenue Marketing,™ and has been helping B2B companies drive revenue growth for over 35 years. As Principal Partner and Chief Strategy Officer of The Pedowitz Group, Debbie manages global client relationships and leads the firm’s thought leadership initiatives. Debbie is author of the award winning book – “Rise of the Revenue Marketer,” Chancellor of Revenue Marketing University, and host of WRMR Power TalkRadio for Revenue Marketing Leaders, which showcases marketing executives from companies like GE and Microsoft sharing advice on marketing transformation. A PhD candidate, Debbie also teaches an MBA course at College of William & Mary on Revenue Marketing. In March 2016 Kapost named Debbie among the Top 40 Most Inspiring Women in Marketing. In February 2016 SLMA named Debbie one of the Top 40 Most Inspiring in Sales Lead Management. Connect with Debbie via LinkedIn, email: [email protected] or phone: 770-331-4443. Future-Marketing, becoming Big Social Mobile Should Marketing Really Own Social Media? I n the last edition of this column we talked about layering analytics to uncover potential consumers who could be most easily converted to customers, more quickly, at higher value and with an increased CLV. But once we have them identified, what should we do with them? The typical answer is that someone in marketing, or perhaps digital marketing, will create personalized messages for them and… that’s pretty much the end of it—consumers either respond or they don’t. Of course, there will be an endless string of increasingly less personalized emails and advertisements and eventually coupons until the consumer eventually sees no value and unsubscribed. What else is a good marketer to do? The honest answer is: perhaps nothing. Marketing themselves really can’t do much more. That’s why the world’s best digital operators don’t leave social solely in the hands of marketers. In fact marketing might not be the right group to actually own your social media initiative. If you are a marketer reading this, you are probably rebelling at the very thought of giving up control over what has given your department such power. It turns out that just about anyone else in your organization might do a better job at convincing consumers to become customers than your marketing department. Consider how these other departments and functions might add more value before you decide: What I call today’s “social consumers” are doing more than just purchasing from a company; they are building a relationship. And relationships require long-term value to survive. Marketers address this by mixing holiday messages and discounts with standard sales/marketing content. None of this gets at the heart of what consumers really want: insider information on how your product or service must make their life better, easier, or just more fun. Unfortunately marketers can’t create content that meets this need the same way R&D, product managers, operations, customer service or even sales subject-matter experts can. Experts tell you something you could never have figured out on your own; marketers too often tell you things you already knew in a cool format, with great graphics or using 140 characters. Social Consumers also form relationships for another reason: they like what “friending” a brand says about them (or perhaps more accurately they like what it will make people think about them). Do they want to be viewed as hanging only with the cool crowd, or showing they can accept the unpopular? Social media practitioners know this, and respond by trying to make their brand look as popular as possible—and therein lies the problem. A company can’t be all things to all people and still effectively convert consumers to customers. Tight branding, supported by on-point marketing collateral and a knowledgeable, communicative sales people lets consumers know what a company can do for them, and can’t. And that earns their confidence and their loyalty. Senior management, product managers, implementers, installers, designers, even sales people, all understand better than marketing what is at the core of why consumer’s purchase and how they really use the product once they do. After all, they designed the product, they work hand-in-hand with the consumer integrating it into their lives and they are most likely to hear about the unhappiness. From that standpoint, your organization is better off with customer service owning your social initiative (please don’t confuse this with social customer service—there is nothing worse than creating a social customer service department). Strictly Marketing Magazine July/August 2016 21 Ask someone in your marketing department to go to the front of the room and sell you your company’s product or service. You will be shocked—and disappointed. Social media has blurred the line between sales and marketing. Selling is part process and part art form—just as marketing is. But they are two different processes and require two different artistic talents. What to sell to your community? Use a sales person. I’m ok with marketing owning the social sales process as long as marketing is willing to adopt a revenue goal for that new channel. Suddenly not so interested in owning a sales channel? I didn’t think so. Big data (derived from social and mobile sources) can be used to determine the relationship between discounting and propensity to purchase, or nearly any other consumer-oriented fact (if the data collection process are set-up properly). In the first edition of this column we used it to identify our perfect customer; in the second edition we used it to identify the perfect pattern of interactions and which consumers were most likely to conform to it. Too often marketing departments adopt social campaigns that do little more than offer discounts and coupons, training consumers to wait until that next discount is offered before they make that next purchase. Marketers do not make very effective data scientists—even though they now control more data than almost any other department. Sales, customer service, product development and nearly every other department brings some specific and unique piece of information to the table that can positively impact the corporate-consumer relationship; the average marketing department repackages this for reuse across the digital landscape. This is no small thing. It is a core competency that highly effective big social mobile enterprises rely upon. But this skill is useless of each of the other areas of the organization are first doing what they do well. 22 Strictly Marketing Magazine July/August 2016 Their functions—and knowledge—is critical if an organization wants to use its digital initiatives to convert consumers to customers—too use it to create tangible results. Which is to say, if an organization wants to use social for more than just happy birthday coupons, advertising and product information (with the occasional cat video mixed in). And it won’t be long before social is required to deliver quantifiable results that equate to greater revenue and profit, not just more friends, downloads and data. The realization that marketing may not be the best place for these digital initiatives might run against the grain, but ask yourself what you are really after with your social initiative? What are all of those tweets, posts and pictures actually getting you? At the end of the day it has to be more than just goodwill. So, at this point you are expecting me to offer up an alternative—to tell you who should own social. My answer? Marketing. Marketing has one thing that no other department in the organization has: a deep understanding of how social, mobile and even big data can be used to support the larger efforts of the organization. Therefore, marketing must own it; the only other alternative is to create social within each department (are you starting to see why social customer service makes me cringe?). Doing this makes social, mobile and big data initiatives even more expense and creates significantly more risk for your organization. Each department will use it differently, send a different message out into the digital domain. From a consumer’s perspective your organization will quickly take on the look of someone with multiple personalities—and social consumers hate that. Therefore, the key to success is integrating these initiatives into each other and into the organization itself. Marketing must give up some of this newly won power, and become what I call a “content conduit”—a group that helps other areas of the organization connect directly to consumers and customers so that deeper, more meaningful relationships can be formed—relationships that can then be more easily monetized. David F. Giannetto helps organizations leverage technology— providing both the technical and business insight necessary to create, understand and utilize it to improve performance. He is SVP of Services at Astea International, the leader in service management and mobile workforce technology. He is author of Big Social Mobile: How Digital Initiatives can Reshape the Enterprise and Create Business Value (Palgrave Macmillan 2014), the first enterprise-level methodology that helps organizations integrate social media, mobile technology and big data into their core people, processes, technology, information and strategy to create tangible improvements in revenue and profit. Visit his site at www.giannetto.com For now, consider what unique information each department or function within your organization has and try to document it. What specific information do they have that would make the customer’s life easier, less expensive, fuller and even just more fun? It can be anything from little known product features, creative ways to use the product, add-on products or services that add value to yours (even if they aren’t delivered by your company)— anything. You will become the conduit that carries that knowledge from them to your customers and your consumers. Then your content will become truly personalized and valuable. We’ll explore how to do that next time. Strictly Marketing Magazine July/August2016 2016 Strictly Marketing Magazine July/August 2723 MENTION THIS AD FOR A WAIVED APPLICATION FEE!* Classic touches. Modern conveniences. Designed with the busy professional in mind, our community features amenities to help you relax and enjoy the unique lifestyle you desire. Make your move to Beach House today. (904) 247-0122 Lifestyle Advantages Visit Us Online Today! www.BeachHouseJax.com One, Two & Three-Bedroom Apartment Homes • Resort-Style Pool With Lounge & Cabanas • Professional Cardio & Strength Training Fitness Club • Full-Size Washer & Dryer In All Homes • Wi-Fi Access In Common Areas • Direct Access To Wingate Park, Paws Dog Park & Cradle Creek Preserve • We Love Pets!* • Starting In The $900’s* BROADSTONE LIVING. 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