Shared posts

26 Mar 17:39

Why Closing Gambits Don’t Work on Large Sales

by jmuir@puremuir.net (James Muir)

The Perfect CloseJames Muir is the best-selling author of "The Perfect Close" - a book that leverages the latest science to show why applying the old counter-productive closing tactics are holding salespeople back. I'm delighted that James has agreed that I can republish the following article as a guest post.

James explains why the traditional crude closing techniques taught in conventional sales training, far from improving our chances of winning a deal, are actually counter-productive in complex high-value B2B sales...

Proponents of closing gambits would have you believe that these approaches can be applied effectively across a wide spectrum of sales—everything from rocket wreckage to everlasting Gobstoppers. Research suggests otherwise.

What does the data say?

Neil Rackham discovered in his research that closing techniques can indeed be more effective when the scope of the sale is small.

What the study found is that when the value of the goods being sold was small, use of closing techniques both speeded the transaction time as well  as the number of transactions resulting in a sale.  The study showed in selling low-value goods, employing closing techniques improved performance by 4%.

4% Increase

However, as the value of the goods being sold increased, success in the transaction reversed and closing became counter-productive.  So while attempts were up and transaction time was speeded in the study, overall success dropped measurably in the high-value goods arena.

High-Ticket Items

Why does this happen?

Rackham describes the phenomenon this way, “The psychological effect of pressure seems to be this. If I’m asking you to make a very small decision, then - if I pressure - it’s easier for you to say yes than to have an argument. Consequently, with a small decision, the effect of pressure is positive. But this isn’t so with large decisions. The bigger the decision, the more negatively people generally react to pressure.”

Rackham went on to observe, “By forcing the customer into a decision, closing techniques speed the sales transaction.” And that, “Closing techniques may increase the chances of making a sale with low-priced products. With expensive products or services, they reduce the chances of making a sale.”

An important point

This is an important dynamic to be aware of when planning your efforts to close sales.  With expensive products or services the use of closing gambits reduces the chances of making a sale.

What is the threshold?

So what is the threshold? At what price point do closing techniques become counter-productive? Amazingly, in Rackham’s study it was only $109.

While your situation may be different, all of the people I work with sell goods and services with values higher than this level. So if you are selling a lot of stuff lower than $109, maybe now is the time to whip out the Double-Reverse Close. On the other hand, if your solutions are somewhere north of this, the idea that using closing gambits is effective is not only wrong—it is counter-productive and will sabotage your closing efforts.

Closing Tip:  With expensive solutions using closing gambits reduces your chances of making the sale.

About the Author

James Muir ResizedJames Muir is the founder and CEO of Best Practice International and the bestselling author of the #1 book on closing sales - The Perfect Close. James is a 30-year veteran of sales having served in every role from individual contributor to Executive VP. His mission - to make the complex simple. James has extensive background in healthcare where he has sold-to and spoken for the largest names in technology and healthcare including HCA, Tenet, Catholic Healthcare, Banner, Dell, IBM and others. Those interested in learning a method of closing that is zero pressure, involves just two questions and is successful 95% of the time can reach him at PureMuir.com.

I'd like to thank James once again for giving me permission to republish: his original article was first published here. You can follow James via his website, LinkedIn and Twitter, and you can buy his book on Amazon UK here.

26 Mar 17:32

8 Actionable Inbound Marketing Strategies for Small Businesses

by Hassan Mansoor

Do you have a limited digital marketing budget and you want to promote your business online on a long term basis?

If your reply is in yes then what option you are left with to reach your customers most effectively.

The answer is “Inbound Marketing”.

Inbound Marketing strategies are great in making repeat customers and statistics show that the probability of selling to a repeat customer is 60-70% while the probability of selling to a new customer is 5-10%.

It builds brand awareness and affinity in a very cost-effective manner.

So, before putting customers into attract-to-delight funnel, you need to prepare that funnel properly.

Let’s briefly discuss what inbound marketing is and what the actionable inbound marketing strategies for a startup and small business are.

What is Inbound Marketing?

Inbound marketing is the approach to attract potential customers towards your business through your content and connecting with them naturally at points of customer interest.

Inbound Marketing covers every stage of the customer buying journey.

The ultimate goal of inbound marketing is customer satisfaction and more sales. To achieve this goal, you need to create great content, grab customer attention, provide a way for customers to engage with the content and develop trust.

inbound marketing focus areas

At each stage of the customer touchpoint, you need a strategy to achieve the objectives mentioned above.

Let’s dive deep into the actionable phase of this process:

1. Publish Quality Content

Publishing quality content is by far the most effective and high ROI technique. Content can be in the form of blog posts/text, videos, infographics, case studies, white papers, interviews & podcasts.

Your website is the center point of your inbound marketing strategy. It establishes trust in eyes of customers by providing brand awareness, online customer support, testimonials, reviews & comments by customers, and other helpful material that can pave the way for conversion later.

Research shows that 55% of marketers prioritize blog content creation as a top inbound marketing strategy.

So, what type of content small businesses needs to create? It should be ‘Sales Focused Content’.

A great example is the FAQ page which answers frequently asked questions by customers. Product Specifications and ‘How it works’ Product Videos are also quite helpful.

2. Focus on Search Engine Optimization to Increase Organic Traffic

To get great organic traffic, you need top ranking for your website and this can be achieved through search engine optimization. Conversely, for better SEO you need great quality content.

Search Engine Optimization is a broad topic and has many advance forms, but for startups putting SEO basics right from the day, one will increase their chances of better ranking and getting more organic traffic.

3. Give Directions with Personalized Call-To-Action (CTA)

Getting a lot of traffic is not enough, traffic needs to convert too. Businesses with clear personalized Call-To-Actions (CTAs) can increase the chances of conversion 202% more than the businesses with simple CTAs. [Hubspot]

Customers need clear direction when they are on the homepage of your website or landing page.

Popular Calls-To-Action that small businesses can incorporate into their websites are:

  • An incentive for first-time customers
  • subscribe to newsletter
  • Request for a product demo
  • View a webinar
  • Download product catalog
  • Take advantage of a free offer
  • Click for a free assessment

4. Use Social Media Feedback to Create Compelling Content

Startups can take new ideas for compelling content from their social media feedback.

Surely, first, you need to set up social media accounts on famous platforms (Facebook, Twitter, Instagram, etc.) that are most suitable for your business, then post content in such a manner that you can urge the customer to provide feedback.

Surveys, polls, comparisons, short videos, blogs can get you desired feedback. You can use this feedback to prepare content for your new blog posts and can write on current topics that are trending among customers.

Social media can generate a lot of traffic if used wisely.

5. Engage Customers to Generate Leads

Once you generated a lead, now it time to engage and convert.

Well, it seems technical.

Simply, putting helpful information and easy navigation system on your website can increase customer retention time. Research shows that 80% of the customers take the experience as important as the products and services of a company.

A knowledgebase, community forum, customer loyalty program, referral programs, and discount offer popups are some examples of customer retention and engagement methods.

Web push notifications are can be used to implement the above mentions techniques.

6. Develop Trust by Showcasing Your Expertise

Among other inbound marketing strategies, guest posting on relevant websites is a great way to showcase your expertise.

You can take advantage of reputation & a large audience of other websites but care is needed here. You must provide something valuable for readers of that website. Reference from a good resource can develop trust and help to boost your traffic.

7. Attract Customers with a Free Digital Tool/Content Offer

Customers attract when they see a free tool or content offered to them in the form of a calculator, checklist, free eBook, free course or even a report or its template.

These free tools can increase awareness of your products and services along with solving customer problems and you can strategically place links to your important pages in these tools.

8. Provide Personalized Content to Subscribers

Personalized emails focusing on the needs and issues of customers can greatly improve your traffic.

By using analytics tools & understanding the demographics of customers, you can create brief customer profiles, and send them the focused personalized content.

Surprisingly, the response rate for such emails is huge and you are sure that you are attracting the right visitors.

Finally, inbound marketing strategies are long-lasting and customer-focused. They need a lot of hard work, time & patience, but results are long term and satisfying.

26 Mar 17:32

Can I Sell in Today’s Environment?

by Mark Hunter

It’s true that the world has changed in the last few weeks, but the answer is still yes, with two caveats. We cannot forget about the elephant in the room. Now more than ever, people need to talk and our most important job is to listen. Let the customer talk. Let them share their story. A number of sales teams have told me that they’re having more conversations than ever before people feel isolated. And I’ve encountered the exact same thing with my phone calls. Allow the customer talk now more than you ever have. We are in a time where the business of sales is all about relationships.

You may find it takes longer for sales to close – that’s OK. Let’s be real here, we have a lot of outside factors at stake. The key is keeping things simple.  Make it easy for your customer to make a decision, and be flexible.  A key area where this plays out is when multiple people need to get involved. With everyone working from home, it is harder to have conversations. Without a doubt, the K.I.S.S. principle (keep it simple stupid) is applicable today.  If the product or service you sell is complex, break it down into smaller transactions so that the initial order can happen now. The pandemic should end soon, and by then, you’ll be in great shape to add on the sale’s more complex parts.

Second, you need to understand what’s happening in their world. Don’t try to sell to someone in the travel industry. That’s just not smart. They have far more important things to worry about.  How would you feel if your house just caught fire and somebody called wanting to sell you cable service. Most likely, you’d be jumping on that person. Be sensitive and know who you’re reaching out to. Take a moment to understand the backstory before you call.  Now this doesn’t mean you grind to a halt by doing investigative research before each call. It just means you do a better job of segmenting by industry, customer type, etc. For many salespeople, this means shifting where they are spending their time, but view this as a major opportunity. 

A recent example is one of my clients in Asia who has built their business exclusively with an industry that has been shut down due to the pandemic.  Since their core clients closed, they’ve had to pivot to a new industry. After getting over the panic and accepting reality, they knew they had to find business somewhere, somehow. The result is now they’re selling into a new industry, one that’s never been touched. After the pandemic, this company will be even bigger and once the industry that is closed comes back, they will have an entirely new market.  Do not, for a moment, view our present situation as the end for your business or for your ability to sell. There are out opportunities out there!

At the core of all this is the underlying question I ask all salespeople, “Do you believe you can help this person?”  If the answer is “yes,” then it is your responsibility to reach out to them.  Let me frame this up again with the example from earlier about a sudden house fire. If you now received a call from someone selling a cleaning service that specialized in house fires, you would be very open to hearing more.  When you know your audience, it is amazing how much success you can have.

Many of you know about my new book, A Mind For Sales, coming out in just a little over a week. A few people have asked me if I am going to delay the release. My answer is no. That option has never crossed my mind; in fact, I believe the timing is better than ever. Why? I believe in the message, and I am confident it will make a huge difference in those who read it. I believe I have the ability to help others, so it my responsibility to sell the book. Truly, I think failing to sell the book now would be a disservice to the those who need it most.  Sales is about helping people, and we help them best when we sell. 

The key during this entire period is not being tone-deaf.  Be sensitive, listen to your customers, take the time to personally engage. Yes, I am telling you to ditch the pitch!  This is not a time for scripts; it’s a time for human conversations between two people who are dealing with similar issues.

The biggest point in all of this is don’t think you can’t sell with the nation and the world in our current situation. Certainly, you may have to adjust what markets you sell into and you will need to adjust your selling process, but that does not mean stop. I believe there are significant opportunities out there today, and when we get past this, there will be a vast number of opportunities. 

We will get through this and probably as quick as we got into it, we may very well find ourselves stepping out of it. Never once have I not believe in mankind and most of all, I have never lost my belief that we are at our best when we’re serving one another. To me, that’s sales and that’s why I say there is never a day of no opportunities. It’s our job to find them.

Copyright 2020, Mark Hunter “The Sales Hunter” Sales Motivation Blog.  Mark Hunter is the author of A Mind for Sales and High-Profit Prospecting: Powerful Strategies to Find the Best Leads and Drive Breakthrough Sales Results.

 

26 Mar 17:32

Unconventional Ways to Generate Leads Using Social Media 

by Mark Quadros

Are you looking to generate leads but you’re a little clueless with where to start?

Look no further than the social media landscape.

Social media, if you already aren’t leveraging it, is an untapped goldmine for boosting your leads. Having a presence on popular social networks like Instagram and LinkedIn covers just the first step.

But how can you use your brand’s position on these sites to grow your audience and your leads?

That is the question this article will answer for you.

If you incorporate your marketing strategy with some unconventional methods, you can find the right mix for social media lead generation that can make all the difference for your business.

Why use social media?

Despite the effectiveness of social media as a platform for engaging with your audience and prospective customers, there is still a fair deal of skepticism surrounding it.

Before introducing the various methods you can adopt to boost your leads, here are the fundamental reasons why you shouldn’t hesitate to consider this medium.

Reason 1: You have an active audience waiting for interaction

The Internet continues to grow in size and number of active users day by day and with that, so does the number of potental prospects on social media channels.

According to Statista, the number of social media users worldwide is expected to reach 3.1 billion people in 2021. There is massive potential on these channels to generate leads and further your brand recognition.


Source: LyfeMarketing

By connecting with your key demographic and boosting your social media engagements, you can engage new leads and strengthen connections with your existing ones.

Reason 2: You can boost inbound traffic

If you’re looking to drive more traffic to your website, marketing through social media can combine with your search engine optimization strategy and provide the double-advantage here.

Promoting the content you create for your website through social media increases the chances of their visibility. New visitors can then be converted into long-time customers. The key here is to be consistent with both your content and social media engagements.

Reason 3: You can employ a mix of platforms depending on your strategy

Using social media also allows you to fine-tune your strategies by selecting the appropriate channels to implement them.

Rather than using a one-size-fits-all approach, you can appeal to your key demographic spread across different platforms by identifying which they use the most.

You can use the insights you obtain here to conduct a form of social media content research and determine what appeals most to your audience. This will help drive the number of actionable leads to your site.


Source: Leverage New Age Media

This will also help in the long run by helping you build relevant content that increase your chance for successful lead conversion, thereby optimizing your sales funnel model.

Reason 4: Social media is collaborative in nature

If you’ve noticed, social media is abundant with chances for collaboration. Have you heard of influencers?

These are people with a great number of followers and act as respectable authority figures in their niche. Think: brand ambassadors.

Collaborating with these brands can help you create a more authentic and strong image of your brand on these platforms. One of the pros? You won’t have to put in a lot of time or resources.

The influencers’ name will carry enough weight to make the difference you’re looking for.

4 unconventional strategies to go social and boost your leads

There are a lot of generic social media strategies for beginners out there that can get you started. A good way to determine what works best is to conduct a social media audit and fill in the gaps.

However, here are four uniques strategies that can help you create solid lead magnets.

Strategy 1: Create a free online course

One of the best ways to show off your expertise in your niche is to create an online course around it.

Why, you may ask? Think about it from a customer perspective. Your audience needs to be able to view you as an authority figure and brand leader for the product/service you sell. By showcasing the knowledge you have on that front, you can create a solid magnet for lead generation.

Some tips here to aid you with the process include:

  1. Spend ample amount of time in the ideation process. Brainstorming and putting the ideas for your course to paper is important before you come up with the ways to sell it.
  2. Know your audience before you create the course for them. What do you want them to learn? How can this drive them to your product/service?
  3. Check out your competitors’ courses. You do not want to waste your efforts by duplicating their content. Doing a competitor analysis will also help you determine your course’s USP.
  4. Promote the course on social media platforms you leverage. This can, again, increase leads both to the course and thereby boost traffic to your brand website by getting the word out there.

Strategy 2: Engage through interactive contests

Believe it when I say that interactive quizzes and contests generate a considerable amount of buzz on social media sites.

Interactive content is often said to be the future of digital media marketing. Did you know that the most read story on the popular online journal, the New York Times, was an interactive quiz in 2013?

There is some undeniable appeal for customers in engaging through these mediums. For example, Facebook contests have become a popular way to engage with the audience on the platform. So why not build a social media marketing campaign around one?

It’s easier said than done, however. A few guidelines on how to run your social media contest can get the wheels in your brain turning:

  1. Depending on your goal and target audience reach, your budget will differ. Set a budget and investment cost that is in line with the number of leads you wish to generate from the contest.
  2. Create an exciting premise that will hook your customers in. What is the prize? Will it be a gift card or a product/service related to your brand? Keep your lead generation goals in mind as you build this.
  3. Determine the optimum duration of your contest based on the urgency-meter you want to set. The number of people that enter will be influenced by how much drive you give them to do so. If a contest runs for too long, it’ll be seen as a power-grab on behalf of your brand.
  4. Promote your contest on the relevant social media platforms you want to invite the audience from.

Strategy 3: Offer social media-based customer service

Going social with your customer service is a golden strategy that has been used by a number of brands and companies.

You might think, “there’s nothing unconventional about this strategy!” but it all depends on how innovative your approach is to customer service.

Social media offers a direct channel of communication for you to engage with your customers and provide them the answers they need. How uniquely you choose to use it lies in your power.

For example, you could:

  • Use AI-powered chatbots to streamline the process and save your customer service rep’s efforts for urgent/high-priority cases
  • Create online communities as a forum for your audience to engage and discuss with each other
  • Create interactive video-based FAQs as a replacement to text-based formats to address customer concerns

On the whole, social media works great with your customers–and particularly improves customer experience.

Strategy 4: Create short and engaging videos to keep customers hooked

Customers love visual content.

Visuals are highly stimulating to the senses and tend to generate positive reactions for engagement and sharing from the audience. Especially with regard to social media users who love visual forms of communication.

You can take advantage of this insight by developing content around this statistic. For instance, video marketing is one of hte most effective ways to boost social media engagement and generate leads.

The are various video-editing tools and services that exist for this purpose and can aid you with your efforts.

It’s important to stay customer-centric in your efforts and keep the following in mind:

  • Create short but impactful videos that capture viewer attention in their limited attention span.
  • Depending on the social media platform you leverage for this purpose, customize your content. For example, Instagram video restrictions differ to Facebook’s.
  • Use the right keywords and tags. That’s right, your SEO-experience can be applied here to find the right hashtags to attract the right leads.
  • Go Live when you have important announcements, want to engage with customers in real-time or give them an inside-scoop into your brand. This is a feature available across most platforms.

Don’t underestimate the power of social

If you want to generate and boost your leads, the first step you have to take is to understand the tools and avenues at your disposal.

Social media offers numerous benefits to your marketing and engagement strategy. Knowing these benefits is just the tip of the iceberg.

Employing and engaging actively on social media is a continuous process that has to be monitored effectively to get you the leads you want.

As mentioned in the intro, it’s a goldmine waiting to be discovered. But if you want to strike gold, you have to know where to dig first. .

With the right social media strategies under your wing, you can generate a high ROI and maximize leads: bringing your brand to the next level.

What social media marketing strategies do you employ for your brand? Have they helped you meet your lead generation goals? What are the biggest challenges you’ve faced? Comment and share with us below

26 Mar 17:31

11 Creative Ways to Make Better B2B Sales Calls

by Sabrina Ferraioli

11 Creative Ways to Make Better B2B Sales Calls

How many times have you heard that sales is a numbers game? And if you want to boost your B2B sales results, you need to commit to making more calls?

But what happens when you’ve reached your maximum call volume and your results are still below quota?

Consider this: According to Salesforce research, 92% of customer interaction occurs by phone, but as many as 85% of customers say they are unhappy with their phone experience.

The answer is not quantity but quality. To meet your sales quotas, you need some creative tactics that will help you improve your calling technique. Here are 11 creative ways to make better B2B sales calls.

1) Be Positive and Enthusiastic

When you’re positive, your attitude rubs off on the people around you. Your enthusiasm and passion for what you’re selling can energize your B2B sales calls. Here’s how to create some energy:

  • Know your stuff. When you’re knowledgeable about what you’re selling, your excitement rings true.
  • Stand up or, if you can, walk around. You’ll feel more energetic and make better B2B sales calls.

2) Avoid Hyperbole and Over-Emphasis

Yes, you can take your enthusiasm too far. So be careful you don’t go “over the top.” First, hyperbole never rings true, and you risk losing customer confidence. Second, when your every word is bold and emphatic, your key message is lost. Identify the one key message you want customers to remember—the takeaway—and focus your emphasis on that.

3) Know Your Prospect

Between social media, third-party data services, and digital marketing and business intelligence tools, you never need to make another cold call. Before you pick up the phone, do your homework as follows:

  • Research every prospect and identify the pain points common in their industry.
  • Visit a prospect’s website and make sure you have accurate contact information.
  • For even greater insight, use data vendors that specialize in collecting and curating competitive (publicly available) intelligence—such as a company’s tech stack.
  • Initiate a relationship through social media, such as LinkedIn, before you make a sales pitch. Review any articles or posts that may provide insight into products and services the company may need.

4) Lead with a Bang

Because there are no second chances, you need to ensure that a prospect’s first impression of you and your product/service is memorable:

  • Be bold but approachable.
  • Be confident without seeming arrogant. For example, don’t start by apologizing for interrupting their day with your call.
  • Set a prospect’s expectations for exciting news by starting on a positive and uplifting note.

5) Focus on Building Enduring Relationships

Buyers are often wary of salespeople. Even when they are looking to buy, they don’t want to feel that they are being sold. Happy, empowered customers spend more money over a longer period. And customer retention translates into higher customer lifetime value and increased ROI.

You need to think beyond the short-term sale. Instead of making a strong-arm pitch that leaves buyers feeling coerced, focus on building long-term relationships. To do so:

  • Take the time to understand prospects’ wants and needs so that you can help them make informed buying decisions.
  • Don’t sell. Solve problems.
  • Support your position with customer stories and case studies.

6) Play to Human Emotion

The emotional sale isn’t limited to consumer purchases. Although the triggers may be different, B2B buyers also tend to buy on emotion. You can tap into business buyers’ emotions by making them see your company as the safe choice that protects their job, the smart decision that leads to promotion or the natural option that requires little or no defense. Of course, once you make an emotional connection, you also need to provide the logic. So be sure to arm buyers with the facts and figures that they will need to share with the boss.

7) Compliment Your Customers and Prospects

You can use compliments to drive your customers’ and prospects’ behavior. Everyone appreciates a kind word, but more importantly, when you bestow accolades on people, they subconsciously strive to be worthy of the praise. Try referring to your customers in glowing terms; be careful to keep your compliments honest and realistic. For example:

  • “You are one of the leading power users of our system.”
  • “Thank you for being such a proactive decision-maker.”
  • “We always enjoy working with you because you help keep us on top of our game.”

8) Keep Your Message Simple

While you may have a lot of useful information that you want to share, be careful that you don’t overwhelm buyers. Providing too many options and considerations at one time can impede the buying decision. You need to:

  • Organize your message and break down the points, then deliver them throughout several conversations. Additional information is always a good excuse for a follow-up call.
  • Reserve some of your points for emails and voicemails.
  • Anticipate commonly asked questions; then, build some of your sales points into your answers.

9) Encourage Customers and Prospects to Talk

Some of your best B2B sales calls take place when you stop talking and let the buyer speak. It helps engage your prospects in the conversation and allows you to listen and learn. When listening:

  • You may discover the best way to position your product or service.
  • Pay attention to how a prospect speaks, including word choice. You can build rapport when you match their tone and even use some of the same words in your responses.

10) Set Your Agenda and Share It with the Customer

When making a presentation, it’s best to tell your audience first what you plan to say, then say it and close by reminding them what you just said. An excellent B2B sales call is much the same so:

  • Set a plan for what you want to discuss during the call.
  • Share your agenda with the prospective customer.

Not only are you reinforcing your message and main points, but you’re also inviting prospect buy-in, which sets a positive tone at the start of your call.

11) Don’t Trash Your Competition

While you may be tempted to criticize a competitor or its products, you risk setting a negative tone. What’s more, customers often make a subconscious link between you, your company and products and all that negativity. Instead:

  • Explain why you are the best option.
  • Build your company up and help your prospects make the right buying decisions.

You can do this. You can make better B2B sales calls. And best of all, creative sales call techniques don’t require revolutionary innovation or out-of-the-box thinking. Just focus on delivering a better customer experience that’s positive, open and honest. Build rapport and encourage two-way communication.

Above all, be the solution provider that wants a long-term relationship with its customers. That’s the only numbers game that counts.

26 Mar 17:16

The Hero. Lee Child

by Reg Nordman

The Hero. Lee Child. 2019.  ISBN 9780008355784.  The author of many books including the Jack Reacher series has penned a thoughtful small essay on the hero.  He goes through some historical reasons why and how heroes emerge. Also he poses thoughts on how the hero story “improves/embellishes” over time. It is interesting to read how very similar hero stories reoccur in ancient through to popular literature as well as movies etc.  For those who follow the using stories as  methods in marketing , oratory, politics this essay will prove useful.

26 Mar 17:16

Fall, or, Dodge in Hell. Neil Stephenson.

by Reg Nordman

Fall, or, Dodge in Hell. Neil Stephenson. 2019. ISBN 9780062458735.   A story within a story.  The short story asks and answers what would happen if you just deluged/overwhelmed the Internet with masses of “fake news” with the intent to make readers more discerning.  That one does not end so well as it appears that readers, just did not care enough to separate “truth’ from items that reinforced their prejudices. The US breaks down into “civilized” liberal leaning areas and vast territories ,”Ameristan”,  full of survivalists, gun toting freedom protectors.  The larger story the author pursues is what if we are able to scan a person and upload it successfully to a “cloud ” so their “soul” continues after death?  He carries this thesis through to what would that “cloud’ existence look and feel like. How would this new society evolve in Bitspace?  What happens in and to our “Meatspace?  Lots to chew on in this part in truth Stephenson style.

26 Mar 17:16

A Man Called Ove. Fredrik Backman

by Reg Nordman

A Man Called Ove. Fredrik Backman. 2014. ISBN 1476738031.  A grumpy curmudgeon and how his life is turned upside down with new neighbours moving in. He is not social, is principled and helps others despite his leanings.  His Swedishness is evident and the humour is dry and timeless. Recommed this as a great holiday laugh.

26 Mar 17:16

The Lost Girls of Paris. Pam Jenoff

by Reg Nordman

The Lost Girls of Paris. Pam Jenoff. 2019. ISBN 139781460398760.   Twelve female agents of the SOE (UK) are deployed to France in the months preceding D Day.  The author uses another woman in New York just after the end of the war who starts to find out what happened to these women. You walk through their lives and families, their training and then a series of adventures in France leading up to their betrayal in The UK, then capture and execution by the Nazis. Clear, concise and gripping this is a fine tale.

Bristol shops

26 Mar 17:16

Washington Black. Esi Edugyan.

by Reg Nordman

Washington Black. Esi Edugyan. 2018. ISBN 9781847659972.  The author traces the life of a young Negro slave in the Bahamas and his  brutal life as well as travels with a young master. The slave , Washington Black has a talent for drawing and finds himself in many difficult and interesting situations as he follows ( and tracks down)  his young master to the US, Arctic, Maritime, London, Amsterdam,  and eventually Morocco.  The tough life and his love is illustrated and he does not get beaten down. My only question is that there is no real ending.  Still the book is compelling reading

19 Mar 19:03

An Open Letter on Customer Service During a Pandemic

by Paul Selby

It’s an understatement to say we are living in interesting times. Now declared a pandemic, the novel coronavirus COVID-19 is impacting everyone’s lives. A visit to any grocery or drug store illustrates the panic buying taking place as worried consumers stock-up. Every check of the inbox brings new COVID-19 emails from companies assuring their customers of the precautions they are taking. “Social distancing,” with its many considerations, is a new concept we should all be practicing. And in an attempt to combat the spread of the virus, countries have restricted travel and imposed quarantines.

To put it bluntly, things are not normal out there. Lives will continue to change in the near term but life also must go on, and in our daily lives we are both customers and representatives of a business in some manner. During this difficult time in our roles as customers and companies, we must work together to get through it–and that includes how we interact in the realm of customer service.

Start with patience, kindness, and understanding

Companies, behind the scenes you are undoubtedly doing everything you can to address and mitigate the higher volume you might be experiencing as a result of COVID-19 with what resources you can muster. For hard-hit businesses, set expectations on customer service telephone lines and provide updates on websites, such as this notice on the American Airlines website:

Our phones are busy. We understand it’s frustrating to wait, but if you’re not traveling in the next 72 hours, please wait until closer to your trip to call. You can cancel your flight online now and call when you’re ready to rebook. Please contact your travel agent for help if you didn’t book directly with us.

Assure customers they will be assisted as quickly as possible and allow them to leave voicemail messages, send emails, or use social media channels where they will receive future follow-up. Also consider changing policies in light of this extraordinary situation, as Airbnb has, to help reduce inquiries on certain topics. Know that even despite best efforts, some customers will still have unreasonable expectations.

Customers, know that contacting customer service–waiting on-hold or in the chat queue–is going to take longer, especially with hard-hit companies like airlines. Recognize that companies are doing their best to respond to everyone, but might be experiencing additional challenges like employees out sick or piloting a hastily-started work from home program. Remember there are other customers with issues (some much greater than yours) that also need assistance. When you do get in touch with someone (bearing in mind it could take hours or even days), continue to demonstrate that grace when the agent apologizes for the wait you experienced. In general, expect everything–be it ordering something or asking a simple question–to just take longer.

Be resourceful

Companies, with increased customer service volumes and potentially fewer staff, now is the time to double-down on self-service. While not necessarily the best time to start something new, ensure what is in place–knowledge bases, chatbots, communities, and automation, for example–are all operating well and providing up-to-date information. If additional solutions can be added and supported by existing channels, do so. Remind customers waiting on telephone lines and in chat queues of these instantly-available resources.

Customers, before you pick up the telephone, start your search for answers online. Most companies today have listened to the trends and offer a variety of self-service options. These tools are available around the clock and provide solutions to most common issues. When you use them, it provides a faster resolution and means you free up a live agent to address other issues.

Help others

Companies, now is the time to step up your service and really assist your customers in the ways only you can. This is not an opportunity to peddle your wares but instead to help keep society moving forward. Some companies have already answered this call, with examples such as:

Customers, realize these companies will be taking a hit in some form to provide these products and services to everyone in need. Take a moment now to thank them; and when the pandemic has passed, continue to support them. If you have the time and knowledge, help provide answers on companies’ online customer service communities. And don’t forget to be helping out in your own community: consider donating blood and volunteering to help others.

Getting through this together

Pandemics have been an issue humans have contended with throughout history–and we have persevered! COVID-19 has already sparked debate on what it might mean for the future. While what was considered “normal” might never return to some parts of society, some new (and better) norms are likely to emerge. And despite the uncertainties that lie ahead, companies and their customers must recognize the unique period we’re in, take a breath, and work our way through it together. Now go wash your hands.

18 Mar 18:02

How to kill your sales organization with bad assumptions

by george@membrain.com (George Brontén)

Every great salesperson knows that a bad assumption can kill a deal. Assume that the buyer understands the cost of not acting. Assume that the buyer understands the benefits of your offering. Assume that they know where to find the budget for your solution. Assume that there's one primary decision-maker.

18 Mar 18:02

Empathy and EI: Soft Skills and Sales Results

by deb.calvert@peoplefirstps.com (Deb Calvert)

These are the questions buyers ask themselves about sellers. These back-of-the-mind questions influence buyers’ decisions to meet with you and buy from you.

18 Mar 18:02

Pat Hanrahan and Ed Catmull are awarded the $1M Turing Award for their work on 3D animation and RenderMan, the engine behind Pixar's movies (Cade Metz/New York Times)

Cade Metz / New York Times:
Pat Hanrahan and Ed Catmull are awarded the $1M Turing Award for their work on 3D animation and RenderMan, the engine behind Pixar's movies  —  Ed Catmull and Pat Hanrahan created computer techniques that remade animation, special effects, virtual reality and artificial intelligence.

18 Mar 17:53

Why a Simple Sales Process Works Every Time

by Julie Thomas

This guest post was contributed by Julie Thomas, CEO of ValueSelling Associates.

A sales process doesn’t work unless you work it. Easier said than done, especially in these challenging times.

The amount of time that salespeople spend actually selling has been decreasing consistently since I started selling 25 years ago. Research validates this, showing that salespeople are not as productive as they could be. LinkedIn’s State of Sales report found that salespeople spend only 37.67% of their time selling. One of the primary drivers of this troubling statistic is the amount of non-selling, administrative tasks that must be done to update CRM systems, fill out expense reports, and sit in internal meetings.

A sales professional’s job is to close deals, to crush quota, and to sell. With only so many hours in the day, how can we maximize our time selling and be more productive?

It’s Time to Change Your Sales Model

To get started, we need to acknowledge that the sales model has changed and moved further into the digital arena. Even in complex B2B sales environments where a buyer is not going to point and click to place an order, buyers are conducting more of their purchase journey online by researching and shortlisting companies before engaging with a sales representative. Chief Sales Officers (CSOs) need to redesign their current sales structure to support clients’ new buying process. To sell the way buyers want to buy, it’s essential to make it easy for prospective clients to get information online and to connect to a salesperson when needed.

Discover the Crux of Buyers Issues

Even though buyers will search for solutions on their own, our research shows that 87% of buyers want to understand the relevance of your product/service. Help them do so by being exceptional in your discovery process. Engage in personal interaction (in person when possible, or virtual when that’s prohibitive) early in the process with plenty of tailored content. SiriusDecisions reports that it takes up to 17 pieces of content for a rep to woo a buyer. Our research also found that we need to engage buyers at the various points in their buying cycle. And by engage, I don’t mean pitch, I don’t mean dump data, I mean meet the buyer where they are by asking enticing, relevant questions.

My experience is that 75% of the time salespeople ask questions that just scratch the surface of the buyer’s issue and that are primarily based on situation and circumstance. Instead, sales professionals must go beyond generic questions and ask for detailed and specific information to create an opportunity and differentiate their offering in the prospect’s mind. The power of value-based selling is to go deep into the customer’s perspective to fully qualify the opportunity, and then create a need for your product or service.

Keep Selling Simple to Increase Sales Productivity

CSOs should focus on finding ways to reduce complexity to provide impatient buyers with a seamless and frictionless experience online and offline. Keep it simple by using a sales methodology that all customer-facing employees can easily understand and use consistently. Two key elements of that methodology include an effective prospecting cadence and avoiding unwinnable opportunities.

Employ a Sales Prospecting Cadence

Sales cadences are a strategy business development leaders can use to ensure their plan is implemented and executed smoothly. A sales cadence is a sequence of strategically choreographed sales activities that a rep follows to connect with prospects. It requires scheduling non-negotiable blocks of time for social media interactions, email exchanges, and phone calls. Sales cadences are a helpful part of the sales process as they give sales reps a systematic framework to follow. When you keep things simple your team is more likely to implement the plan and fill the revenue pipeline with qualified prospects.

With a sales cadence, our clients report their teams have secured more meetings in two one-hour call blocks than they have in the past two months! Sales managers can measure the right levers that lead to more productive reps. For more valuable prospecting habits, check out my LinkedIn Sales blog from last month titled, “Prime your Revenue Engine with a Prospecting Cadence.”

Avoid Unwinnable Opportunities

The single biggest productivity drain is spending time chasing unwinnable opportunities because they are unqualified. High-performing reps continuously qualify all their opportunities. They are rigorous and understand that qualification is a process and not an event.

Too many sales reps think of qualification as progression through their own sales process, checking off activities and milestones to advance a deal. Unfortunately, that is incomplete. To best qualify opportunities, the process has to reflect the buyer’s process.

Qualification is best when we understand and are completely knowledgeable on the five questions buyers ask when making a purchase:

  1. Should I buy this?
  2. Is it worth the investment?
  3. Have I involved the right people to authorize the purchase?
  4. What must happen for me to be convinced? and
  5. When will I execute this purchase decision?

So, how can we maximize our time selling and be more productive?

Today’s buyers can get much further down the decision-making path before they ever need to speak with a sales rep. For sales to be successful in these relationships, we need to engage in personal interaction when the buyer is ready and continue that interaction throughout the purchase journey. Salespeople should show what they know, provide personalized content, and ask discovery questions to add value beyond the information provided on their company’s website and to differentiate themselves.

The reality is that many sales teams are required to use a process with too many steps that takes too much time. To ensure salespeople, and all customer-facing team members, follow a sales process, deliver a simple, practical sales process that can be easily followed.

Keep pace with the latest thinking in sales: Subscribe to the LinkedIn Sales Blog today.

18 Mar 17:52

How Do You Interact with Your Customers and Prospects in Times of Crisis and Uncertainty?

by Alan Weiss

How Do You Interact with Your Customers and Prospects in Time of Crisis and Uncertainty?

 

I’ve long preached that not all customers are alike, and the customers themselves most certainly are not always right. (They often know what they want but not what they need.) In these parlous times, it’s more critical than ever to understand your customers’ diverse behaviors and preferences.

As much as I try to avoid “labels” I have to assign names to categories, but I’ll try to be non-pejorative. I’m going to use “customers” to represent those who are “clients” as well.

 

  1. Ideal Customers: These are buyers who highly value your contributions (advice, products, services, responsiveness, etc.) and will tend to rely on you more than ever to guide them through tough times. They will have discretionary funds (that is, funds they can move if necessary, for the highest value return).

 

  1. Hesitant: These people are “on the fence,” waiting for “developments” that may take 24 hours or 24 weeks. They need to be shown the high cost of not proceeding and the wisdom of being confident in the underlying structure of the economy and our institutions. The banks are not failing, transportation is accessible, technology is often saving the day.

 

  1. Intimidated: In this case, the buyers are understandably conservative and willing to wait for the longer-term “all clear” signals. The approach here is to demonstrate that you can’t gain market share or return to business as usual from a “standing start” and that their inertia must be “in motion” and not “at rest.”

 

  1. Hunkered Down: These folks are scared, and understandably, these can be scary times. My feeling is that it’s best to stay in contact, offer value, share best practices, but not “pull” them beyond that. I’ve never tried to yank an ostrich’s head out of the sand, and I’m not eager to try. Just leave food nearby.

© Alan Weiss 2020

 

18 Mar 17:52

20 Bad Public Speaking Habits a Mindful Presenter Avoids

by Maurice DeCastro

speaker and audience at a conference - black and white image

A mindful presenter considers, crafts and conveys their message with a high level of awareness. A distracted mind has a habit of reacting rather than responding and operating on autopilot rather than appreciation. A mindful presenter conditions their mind to focus with clarity on how to connect with their audience emotionally as well as intellectually.

It’s not a new idea, the Greek philosopher Aristotle told us about it 23 centuries ago. In the knowledge that human beings are emotional creatures as well as thinking ones, Aristotle shared the concept of pathos as a means of stirring people’s emotions to connect them to a speaker.

The mindful presenter is aware that appealing purely to logic (logos) at the expense of our emotions is the route to mediocrity. That said, the mindful presenter uses the wisdom of logos (appealing to logic) to understand, avoid and overcome the many obstacles of pathos (appealing to emotions)

Here are 20 bad public speaking habits a mindful presenter avoids at all costs:

  1. Fire, aim, ready

One of the biggest mistakes any presenter or public speaker can make is to not know their audience. Public speaking aside, every marketing expert will tell you that knowing your audience is central to any strategy. The mindful presenter understands that if you ‘fire’ information to an audience without being in a complete state of readiness or with a mindful aim you will fail.

Do your research and get to know them before you begin building your presentation. Speak to them, email them and find out as much as you possibly can about, who they are, how much they know already, what they want and what they need.

  1. One size fit’s all

When it comes to public speaking and presenting, the mindful presenter knows that this couldn’t be further from the truth. Akin to the first bad habit, ‘fire, aim, ready, it’s lazy and disrespectful to assume that every audience is the same. In this Forbes article, ‘12 Pro Tips for Tailoring Your Presentation to Your Audience’ the author writes an important truth; ‘Every audience and venue is different and comes with its own energy and vibe’.

Once you’ve done your homework in understanding your audience tailor your message and approach to them personally.

  1. The Curse of Knowledge

In a previous article I wrote, ‘Most presentations are far too long’ I shared my belief which we demonstrate in our presentation skills training courses that: ‘Cutting a presentation in half often results in greater clarity and the message being delivered with impact in a way that it is more likely to be remembered.’

The mindful presenter is familiar with ‘The curse of knowledge’ and uses that knowledge to focus on impact. It’s a universal phenomenon in which the speaker knows so much about their topic that they share that knowledge in the assumption that their audience will understand what they are speaking about.

The mindful presenter avoids the curse by adopting a practice of ensuring that everything they share is relevant to their audience and explained simply and clearly.

  1. Mud at the wall

Have you ever sat through a presentation only to return your desk or your car asking yourself, ‘what was that about?’ If you have then it’s probably because the presenter threw information at you mindlessly. The mediocre presenter adopts the metaphorical practice of ‘throwing mud at the wall’, in the hope that some of it will stick.

The mindful presenter avoids this by crafting a clear and compelling message. Their entire presentation revolves around, supports and animates that message. They understand that the only reason they are speaking is because they have an important message to share and they have to work hard to ensure that their message will stick.

At Mindful Presenter we refer to it as the ‘M Point’; it’s the moment of truth where you are able to answer the question, ‘What result do I really want from this presentation?’ with absolute clarity.

  1. Lack of PPI

“If you fail to plan, you are planning to fail.” – Benjamin Franklin

The mindful presenter understands that at the heart of planning their presentation they need to Prepare, Practice and Internalise their content.

If you avoid the first 4 bad habits and follow the mindful presenter suggestions you will be well along the preparation path. Practicing your presentation means doing a great deal more than staring at the slides on your laptop.

The mindful presenter practices the verbal and non-verbal expression of their message. That means speaking their presentation out aloud to people they trust and getting feedback on how they sound, look and move.

In his article ‘The Only Way to Prepare to Give a Presentation’ the author makes the case that, ‘You can’t make an effective presentation if you read from a script, rely too much on notes, or use your slides as cue cards. You have to rehearse well enough so you can give all your attention to the audience.’

The mindful presenter is also acutely aware that they have to internalise their message. That doesn’t mean remembering their content. It means owning their content in such a way that if they left their notes on the train or their AV stopped working, they could still speak.

  1. The Tornado

I don’t believe I have met anyone who hasn’t sat through a presentation where they have had a ton of data mindlessly dumped onto them. They didn’t want it, ask for it or need it but they got it all anyway.

The net result of which was like they felt as though a tornado had torn through their mind and left a great deal of damage. The National Geographic says that, ‘Their winds may top 250 miles an hour and can clear a pathway a mile wide and 50 miles long.’

A bad presentation can feel just like a tornado.

The mindful presenter protects their audience from those destructive winds.

They focus on giving their audience the ‘gold’; At Mindful Presenter we coach professionals to focus on the ‘gold’.

  1. Looking good

We all have the basic human need to ‘look good’ and to protect our reputations at all costs. When it comes to public speaking and presenting that can create quite a challenge. In our quest to show our audience just how clever and creative we are and how hard we work our presentation can easily become nothing more than an expression of ego.

As difficult as it is, the mindful presenter works hard to leave their ego at the door the moment they enter the room to speak. Their focus revolves entirely around how they will make their audience feel and the difference their presentation can make to their lives.

  1. The bush

One of the reasons many business presentations are too long is because the presenter spends too much time, ‘beating around the bush’. ‘Rambling’ and ‘waffling’ are a big part of the problem. In her article, ‘Brevity: 3 tips for speaking less and saying more’, author Teena Maddox explains the problem:

‘The tendency of overexplaining

The tendency of underpreparing

The tendency to completely miss the point’

The solution is simple but not necessarily easy. The mindful presenter follows six steps to radically reduce the likelihood of the ‘beating around the bush’:

– Open with a bang

– Tell them your key message

– Tell them why your message is not only relevant but important to them

– Tell them exactly how you can help them and give them examples

– Tell them what you want them to do now.

– Close with a bang

  1. The Ostrich

We’ve all heard the myth that Ostriches bury their heads in the sand when they are scared. It’s not true of course, because as well as not being able to see they wouldn’t be able to breathe.

I’m reminded of the myth in the knowledge that a significant challenge for many presenters and public speakers is making eye contact with their audience. In her article ‘What a Lack of Eye Contact Says About You, According to Science (and How to Fix It)’, author Wanda Thibodeaux suggests that ‘Failing to meet someone’s gaze could send not-so-flattering messages about who you are and what you’re capable of.’

The mindful presenter is aware that the most powerful way of connecting with any audience is through eye contact. If it makes you uncomfortable it’s a challenge worth overcoming. This article offers some helpful advice, ‘How to Overcome Eye Contact Anxiety.’

  1. Speed of light

Many presenters speak too fast. It’s very easy to lose your audience’s attention and tarnish your credibility as a speaker if your audience feel as though you are speaking at the ‘speed of light’. An article in Psychology Today, ‘Do You Talk Too Fast? How to Slow Down’ offers 4 common reasons why people may speak too fast.

The mindful presenter follows the advice I shared in a previous article called ‘The truth about bad habits’:

‘If you speak too fast then make a mindful decision to slow down and pause regularly, don’t carry on speaking too fast when you know it’s an issue. Take a few pages from one of your favourite books or if you don’t have one the newspaper will do. Read those pages out aloud in your normal reading voice and then practice slowing the pace right down. As you practice your presentation make the effort to record yourself speaking, play it back and then record yourself again at a slower speed.’

  1. Zzz

Energy and enthusiasm can make or break your success as a public speaker or presenter. The absence of a good level of high energy will leave your audience feeling numb, indifferent and even sleepy. The mindful presenter crafts and delivers their presentation in the belief that there is no such thing as a boring presentation, there are only boring presenters.

“If you have zest and enthusiasm you attract zest and enthusiasm. Life does give back in kind.” Norman Vincent Peale

At Mindful Presenter we call that energy ‘zest’ and believe the key to tapping into it and giving it to your audience is:

Belief – ‘You can have the most compelling content and stunning visuals in the world but they account for very little if you don’t believe your own message.’

Focus – ‘Crafting a presentation which focuses exclusively on your audience will help you to avoid all other distractions allowing you to speak with zest and power.’

Gratitude – ‘When you take a moment to pause, breathe and reflect on what a privilege it is to speak everything changes’

Generosity‘One of the most beautiful, endearing and energising traits that great presenters have is generosity; they love to give.’

Variety – ‘A presentation of the facts on its own is arguably boring. Your audience want and need more, much more.’

  1. “Are you sitting comfortably?

When I was a small boy, I remember listening to a radio programme called ‘Listen with Mother’. It was a programme in which stories were read to children and every episode began with, “Are you sitting comfortably? Then I’ll begin”.

Have you ever sat through a business presentation where the speaker turned their back to you to read their slide out aloud; while you were also reading them for yourself at the same time?

An article in Inc.com the author Jason Aten writes ‘Nothing kills a presentation faster than reading off a deck of slides.

He goes on to offer 3 simple but powerful tips:

– Use stories instead of bullet points

– Show instead of tell

– Look at your audience not your slides

The mindful presenter adopts a practice when using visuals of ensuring:

– That they are image rather than text based

– They are designed like bill boards rather than documents

– The have one idea per slide; no more

  1. Let’s count

The mindful presenter has a clear definition of what a bad habit is when it comes to presenting and public speaking; ‘It’s anything the presenter says or does repeatedly to the point of distraction’.

It’s easy to spot when you see it and becomes a major distraction and source of frustration when your audience end up counting the habit.

A common example is ‘filler words’ such as “ums, ahs, and ers”. Then of course we have, “and so”, “you know”, or “I think”.

The solution to eliminating these filler words is to practice slowing down, pausing and taking a breath. This Harvard article ‘Tips on Public Speaking: Eliminating the Dreaded “Um”’ shares more.

The mindful presenter will:

– Listen to a recording of themselves speaking

– Get feedback from someone they trust

– Practice reading out loud and pausing after each sentence

– Slow down

– Keep their sentences short

– Not try to eliminate them completely – that’s unrealistic pressure

  1. You don’t sound so sure

Uptalk is that annoying tendency to end statements with an upward inflection which makes you sound more like you’re asking a question when you’re not. It’s not just a big issue, it’s become epidemic.

Ordinarily, when used occasionally in a one to one conversation it’s no big deal.

Listening to this manner of speaking in a 20- or 30-minute business presentation can be quite painful. The BBC reported on the issue several years ago but sadly it’s become incredibly contagious. The reason it is so troublesome today is because you can be an expert in your field but when you speak in this way it can make you sound uncertain and challenges your credibility. I also wrote about this some time ago in my article, ‘Public Speaking & Presenting: Today’s Worst Habit’.

The solution is similar to that offered to presenters challenged with ‘filler words’:

– Listen to a recording of yourself speaking

– Get feedback from someone you trust

  1. Motion sickness

The mindful presenter understands the value and power of movement when speaking. Movement is energy and creates visual stimulation but only if it’s mindful and meaningful.

One of the distracting bad habits we often seen in our public speaking courses is speakers swaying from side to side or pacing up and down.

Not only is this highly disturbing it can make an audience feel sick too.

Suzannah Baum rated this in her top 3 offenders of public speaking in her article posted in the Huffington Post.

At Mindful Presenter we coach our clients to connect to the ground beneath them before they attempt to connect with themselves or their audience.

That means:

– Standing tall and firm

– Bending your knees slightly and gently squeezing your feet in your shoes

– Feeling and connecting with the ground under your feet

  1. Handcuffs

Please don’t ever let anyone tell you to keep your hands still, in your pockets or to not move them too much. Remember the mindful presenter premise; ‘Movement is energy and creates visual stimulation’.

Your hands want to speak for themselves and they will move as much or as little as they choose to. You don’t have to talk to them, program them or even practice moving them. All you have to do is take the ‘handcuffs’ off and set them free.

If your hands are in your pockets, behind your back or clasped in front of you it’s like they are handcuffed; you have to set them free.

David Robson ends his article written for the BBC with, ‘Let your hands do the talking, and you might just find that the words take care of themselves’

The mindful presenter understand that anyone can tell a story, that’s easy. Our challenge as presenters and public speakers is to not simply tell our story but to show it too. We can’t do that with the ‘handcuffs’ on.

  1. The comforter

Some presenters and public speakers will hold onto and fidget with a pen, remote control, notepad, lanyard… the list goes on.

The mindful presenter understands that one of their first challenges is to ensure that the moment they stand or sit to speak there is nothing in their hands. If there is, you can be sure they will play with it.

It doesn’t stop there; they also know that if there is something in close proximity to them that they could pick up, then they will. The second challenge is to remove any temptations.

Whether it’s a pen, pencil, remote, notes or just the back of a chair it’s a presenter’s comforter but quite discomforting to their audience.

Let it go!

  1. The late starter

Most presenters understand the importance of opening their presentation with impact. When we ask them how long they have to capture an audience’s attention most will quote a number under sixty seconds. Despite that awareness, many of those presenters continue to open their presentations with:

‘Good morning, my name is John Smith, I’m the Commercial Director at ABC ltd. We’ve been established for 30 years, have 6 locations across the UK, making 3 million of the highest quality widgets each year with excellent customer service’.

It’s boring and forgettable.

The mindful presenter is aware of the fact that they have to work much harder to catch their audience’s attention, interest and curiosity. They are familiar with the ‘Primacy Effect’ which suggests that an audience is likely to remember something that is stated early on in a presentation. I’ve written many articles on how to grab your audiences attention with impact; here are a few ideas in, ‘Presenters – Grab it like you mean it: Their attention.’

It’s not about theatre or entertainment but it is about challenging the status quo and opening with impact.

  1. The damp firework

In just the same way that many presenters put little energy, effort and creativity in the way they open their presentation it’s replicated all to often in the way they close.

Far too many presentations fizzle out like a damp firework leaving their audience indifferent, confused or simply unenamoured. As well as creating a high impact first impression the mindful presenter knows that they have to create a lasting impression. The flip side of the primacy effect is the ‘Recency Effect’, meaning that your audience will remember something that comes more recently; the closing.

  1. The corporate spokesperson

I’ve saved the most important issue as the last. It’s a myth that the audience’s want to see a slick, memorised, polished presenter.

What most people want to see and hear is someone who knows what they are talking about and speaking about it in a way that is real. They want credibility and authenticity.

Anyone can be a ‘corporate spokesperson’ but it’s often a generic, tedious and lacklustre way of speaking. The mindful presenter understands that the route to authenticity is based on 6 important qualities as shared in, ‘6 Qualities of Authentic Public Speakers and Presenters’:

– Self-awareness – Authenticity must begin with understanding who that ‘self’ really is.

– Security – The awareness that no one is really trying to judge us or trip us up they simply need our help as we need theirs.

– Selflessness – The presenter made it all about you, not them.

– Honesty – It’s the most important thing to presenters

– Emotional – Being able to express your feelings as well as simply feel them

– Mindful – Being fully present, aware and in tune with your audience.

There is no question that bad habits can ruin good presentations. Habits are not easy to break, they present a challenge to all of us but taking as much advice as you can from these 20 will serve you extremely well.

Image courtesy of: www.istockphoto.com

18 Mar 17:51

Agile Forecasting Techniques for the Next Decade

by Louis-Philippe Carignan

The Old Farmer’s Almanac is the oldest continuously published periodical in North America. It was first published in 1792 by Robert B. Thomas who wanted an almanac “to be useful with a pleasant degree of humor. Many long-time Almanac followers claim that its forecasts are 80% to 85% accurate.

Old Farmers Almanac

This claim was seriously tested in 1816 when Thomas made a mistake in his Almanac. His weather forecast for July and August called for snow! He had made an error by switching the January and February forecasts to July and August. While he destroyed most of the snow copies and reprinted the right edition, some copies were left in distribution. But then, something exceptional happened on the other side of the world.

Mount Tambora erupted on 10 April 1815 in the Dutch East Indies (now Indonesia). It “produced the largest eruption known on the planet during the past 10,000 years.” Global temperatures dropped by as much as 3 degrees Celsius and turned 1816 into the “year without a summer” in Europe. Volcanic dust circled around the globe for months, lowering temperatures and guess what, it snowed in New England and Canada in July and August of 1816. Thomas error could have put him out of business but mount Tambora though otherwise. Instead, it gave his Almanac notoriety that lasted for decades.

After all these unlikely events, I’m pretty sure Thomas implemented a mechanism to double-check these kinds of errors in future editions. Natural disasters won’t always cover his tracks in the future.

Today’s weather forecast is much more advanced than Mount Tambora. Satellites, radars, Supercomputers (and probably quantum computers in the near future) are powering those forecasts every day. And even with all this technology, we still get a good laugh at the forecast of 40% chances of sun and clouds today. Who couldn’t predict that!

More seriously, weather forecasts have helped us narrow our decision-making process. Weather forecasts help us decide if we bring an umbrella and a raincoat with us. They advise us on our driving habits when the road conditions are bad on our commute to work. They help us decide if we should take the family camping this weekend. When dealing with uncertainty, and the weather holds a lot of uncertainty, forecasts are of value to narrow our decision-making process.

I believe Agile software development is more than ready to use new forecasting techniques to express uncertainy to narrow their decision-making process. These new forecasting techniques are not based on estimations but historical data, thus saving time on the part of developers to focus on what they do best.

Definition of a forecast

To clarify my definition of a forecast for the rest of this post, I refer to chapter 14 of Daniel Vacanti book Actionable Agile – Metrics for Predictability. It says:

A forecast is a calculation about the future completion of an item or items that includes both a date range and a probability.

In other words, a forecast according to Vacanti is made up of:

  • A calculation leading to a date range
  • And a probability of reaching this date range

As the future is uncertain, we cannot be 100 % correct about future events, hence the probability part of the forecast.

Going back to our weather forecast, we can take snapshots of current weather forecast to see how this pans out. The following image from Environment Canada shows the 7-day forecast for Vancouver in February. Notice how in some cases, there is a probability attached to a weather condition:

Environment_Canada_Weather_Forecast_Vancouver

On the night of Sunday February 25, there is a 60 % chance (or probability) of showers for the city of Vancouver.

I believe we can use this definition in Agile software development. Instead of weather conditions, I believe our forecasts are either dates or number of completed PBIs. For the rest of this post, when I talk about forecasting, please keep in mind I am thinking of a calculated value with a probability.

Forecasting in Agile software development

When I have a Agile planning/forecasting conversation at work, I’ve fallen back more than once on the Agile planning onion proposed by Mike Cohn back in 2009. In his article, I really like to use this diagram to pursue the planning/forecasting conversation.

Mike Cohn Agile Planning Onion

In the image above, each layer of the planning onion will use a different set of Agile practices. For example, at the Iteration layer, I use the user story practice to track work while at the Day layer, we could use tasks with estimates of hours as another practice to track work. On both of these layers, I’ve seen a lot of times the sprint burndown as the most popular chart to track progress and forecast the completion of work.

At the Release or Product layer, I’ve used the impact mapping practice as an activity to generate PBIs for our next release and the epic to track a lump of work that range a few iterations. I’ve seen the release burn up/down or the Sunset graph as means of forecasting a release.

Depending on which layer of the Agile planning onion you are at, we use different practices and tools to track and forecast the work. I believe the most popular Agile forecasting toolset named above is limiting our decision-making process because it operates on deterministic dates. They all point on a date in the future with no probability to express a level of confidence. As we’ve seen above, the future is uncertain and to epxress the future, probabilities are of great value to narrow or decision-making process.

When I have an Agile planning/forecasting conversation using one of the charts named above, it falls mostly between the Day and Product layers of the onion. And for the last decade, my experience is that we’ve used estimation techniques (story points, velocity, tasks with hours) to forecast at those layers. I believe they have fallen short for the following reasons:

  • They are based on estimates instead of historical data.
  • They are deterministic, i.e. they point to an exact date or an exact amount of hours.
  • When forecasts are used, they are based on averages.
  • Estimates are (sometimes) compared to actual data to validate them.

I believe we have two problems with our current forecasting techniques:

  • They are based on estimates
  • They forecast the future without a probability

In the following section, I am presenting a set of tools that goes in a different direction than with estimates. They are based on historical data generated by your team(s).

SLE – The forecast at the Day and Iteration layers

To talk about forecasting at the Day and Iteration layers, I use the Service Level Expectation (SLE) as defined in the Kanban Guide for Scrum teams.

A service level expectation (SLE) forecasts how long it should take a given item to flow from start to finish within the Scrum Team’s workflow

For example, let’s say that historically, your development team completes 85 % of its PBIs in 8 days or less. This is our forecast for an item. It has a calculated date range, 8 days or less, and a probability, 85 %.

As a PBI is moving through the Scrum Team’s workflow, I use its current age in the workflow and compare it with its corresponding SLE to make sure it will meet its forecast.

At our daily Scrum, we can use this forecast to keep track of our current work. If my PBI has been in the workflow for 3 days, I might not pay as much attention to it compared to another PBI who is now to its 7th day in the workflow.

Instead of using tasks with estimated hours on it to track its remaining work, we use the combination PBI age + SLE to monitor if we will meet our forecast. I believe these are two data points of value to track work. I also think they are more valuable than estimated hours. I am using hard data (age and SLE) to track work.

I believe this fixes both problems named above. My team doesn’t spend any time estimating each task. It can still decompose the PBIs if required. But we compare the age of the PBI with the SLE of the team. My team uses a probability in its forecasting, thus leaving the door to some uncertainty that can prevent it from meeting the SLE.

Throughput and Monte Carlo – The forecast at the Release and Product level

As we go higher in the layers of the onion, we move the conversation from one PBI to multiple PBIs. At the Release and Product layers of the onion, the Product Owner is now talking in terms of multiple PBIs. For example, a Product Owner might have 54 PBIs left to launch a release. Or she might have a deadline to reach and wonders how many PBIs can be completed on that date. In both situations, forecasting the future can help her narrow her decsion-making process. And as we’ve seen above, forecasting the future requires a calculated value with a probability.

My experience has been that Monte Carlo simulations, using throughput as its input, can generate a forecast for those layers of the onion. Basically, the Monte Carlo simulations will use your historical throughput and simulate the future a large number of times (i.e. 10,000 times).

Let’s take the example above and see how the results of the Monte Carlo simulations can help the Product Owner. I had previously mentioned above the Product Owner has 54 remaining PBIs to complete her release. Running the Monte Carlo simulations with her historical throughput, she gets the following results:

Forecasts with dates

Her first forecast, 25 days with 90% confidence, says there’s a 90% chance her team can deliver the remaining 54 PBIs of the release in the next 25 days. At the far right, there’s a 30 % chance they will deliver them in 16 days. She can now turn back to the business to discuss if 25 days is an acceptable number. If they prefer to have it in 14 days, she can reply the outlook for this scenario has less than 30 % of happening.

For a more detailed read on Monte Carlo simulations and a tool to help you do them quickly, I recommend the post Create Faster and More Accurate Forecasts using Probabilities from my fellow PST Julia Webster.

The decade in front of us

As Agile is now the new traditional software development approach, I can only wish the forecasting techniques described above will also become the new traditional forecasting techniques. Estimations in story points and hours helped us adopt Agile in the last decade. While imperfect, they reassured the business when it asked for dates.

I believe we are now ready to use historical data to do Agile forecasting in the decade in front of us. We already have the data in our teams. The toolset exists and is accessible. The only thing missing is for people to learn, understand and master those new techniques. I’ll cross my fingers that in 2030, conversations about our forecasts will be in probabilities. Even between, I’ll forecast a 90% level of confidence it will happen.

References

  1. https://www.almanac.com/content/difference-between-old-farmers-almanac-and-other-almanacs
  2. https://en.wikipedia.org/wiki/Old_Farmer%27s_Almanac
  3. https://www.volcanodiscovery.com/tambora.html
18 Mar 17:50

All the companies from Y Combinator’s W20 Demo Day, Part III: Hardware, Robots, AI and Developer Tools

by Greg Kumparak

Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website.

In a bit of a surprise twist, YC also moved Demo Day forward one week, citing accelerated pacing from investors. Alas, this meant switching up its plan for each company to have a recorded pitch on the Demo Day website; instead, each company pitched via slides, a few paragraphs outlining what they’re doing and the traction they’re seeing, and team bios. It’s unclear so far how this new format — in combination with the rapidly evolving investment climate — will impact this class.

As we do with each class, we’ve collected our notes on each company based on information gathered from their pitches, websites and, in some cases, our earlier coverage of them.

To make things a bit easier to read, we’ve split things up by category rather than have it be one huge wall of text. These are the companies that are working on hardware, robotics, AI, machine learning or tools for developers. You can find the other categories (such as biotech, consumer, and fintech) here.

AI and Machine Learning

Datasaur: A tool meant to help humans label machine data data sets more accurately and efficiently through things like auto-correct, auto-suggest and keyboard hotkeys. It’s free for individual labelers, $100 per month for teams of up to 20 labelers, with custom pricing for larger teams.

1build: Automatic, data-driven job cost estimates for construction companies. You upload your plans, and 1build says it can prepare accurate bids “in minutes.” The company projects a revenue run rate of over $600,000, and says it has completed estimates for mega companies like Amazon, Starbucks and 7-Eleven.

Handl: An API for turning paper documents — including handwritten ones — into structured data ready to be plunked into a database or CRM. While the company says that around 85% of its processing is handled by their AI, it’s backed by humans to validate data when the AI’s confidence is low. Nine months after launch, the company is seeing an ARR of $0.9 million.

Zumo Labs: Uses game engines to generate pre-labeled training data for computer vision systems. By synthesizing the data rather than collecting it from photos/videos of the real world, the company says it can create massive data sets faster, cheaper and without privacy issues.

Teleo: Retrofits existing construction equipment to allow operators to control them remotely. The company says it has built a “fully functional teleoperated loader” since being founded three months ago, and plans to charge construction companies a flat monthly fee per vehicle. The company’s co-founders were previously head of Hardware Engineering and director of Product Manager at Lyft, with both having worked on Google’s Street View team.

Menten AI: Menten AI says it’s using “quantum computing and machine learning” combined with synthetic biology to design new protein-based drugs.

Turing Labs Inc.: Automated, simulated testing of different formulas for consumer goods like soaps and deodorant. Home products and cosmetics can be months of work for R&D labs. Turing has built an AI engine that helps with this process — much like the AI engines used in drug discovery — cutting down the time to days. It’s already working with some of the biggest CPG companies in the world. You can find our previous coverage on Turing here.

Segmed: Segmed is building data sets for AI-driven medical research. Rather than requiring each and every researcher to individually partner with hospitals and imaging facilities, Segmed partners with these organizations (currently over 50) and standardizes, labels and anonymizes the data.

Ardis AI: Ardis AI wants to build the foundation of artificial general intelligence — technology that read and comprehend text like a human. By combining neural networks, symbolic reasoning and new natural language processing techniques, Ardis AI can serve companies that don’t want to hire teams to do data extraction and labeling.

Agnoris: Agnoris analyzes a restaurant’s point-of-sale data to recommend changes to pricing, delivery menus and staffing. For $3,600 per year per restaurant location, Agnoris claims to be able to raise profits by 20%. The company started after the founder opened a restaurant that was packed yet losing money, so it built machine learning tools to improve margins and now it’s selling that software to all eateries.

Froglabs: Froglabs provides weather forecasting AI to businesses for predicting solar and wind energy production, delivery delays, staffing shortages, sales demand and food availability. By ingesting petabytes of weather data, it can save companies money by ensuring their logistics aren’t disrupted. Founded by a long-time Googler who started its Project Loon internet-beaming weather balloons, it’s now signing up e-commerce, retail, rideshare, restaurant and event businesses.

PillarPlus: PillarPlus is a platform that automates the blueprint-designing phase of a building project. It takes a design from an architect or contractor and maps out mechanical, fire, electrical and plumbing details, and estimates the bill of materials and project cost, steps that otherwise take months of work.

Glisten: Glisten uses computer vision and machine learning technologies to develop better, more consistent data sets for e-commerce companies. Its first product is an AI-based tool to populate and enrich sparse product data. Find our previous coverage of Glisten here.

nextmv: Nextmv gives its customers the ability to create their own logistics algorithms automatically — allowing businesses to optimize fleets and manage routes internally.

Visual One: Movement-detecting security cameras can bring up a lot of false positives: there’s motion, yes, but not necessarily anything harmful. Visual One has built an AI platform that integrates with home security cameras to “read” the specific movements that they detect. Owners can create customised alerts so they get notifications only for what they care about. The company’s software can check for furniture-destroying pets, package-lifting thieves, the death-defying antics of toddlers and more. Find our previous coverage of Visual One here.

PostEra: “Medicinal chemistry-as-a-service” is the idea here: PostEra’s platform can design and synthesize molecules faster and at a lower cost than the typical R&D lab, speeding up the research time it takes to test new combinations in the drug discovery process.

Hardware and Robotics

Cyberdontics: Robotics have already revolutionized surgery, courtesy of companies like da Vinci-maker, Intuitive. Cyberdontics is aimed at doing the same for oral surgery, beginning with crowns — one of the more expensive and time-intensive procedures. The company says its robot is capable of performing the generally two-hour procedure in 15 minutes, charging a mere $140 for the job.

Avion: Focused on inhabitants of difficult to reach areas in Africa, Avion is building a drone-based delivery system. The plans consist of medium and long-range medical drones tied to a centralized hub. The drones are hybrid and autonomous with vertical take-off capabilities, able to take 5-kg payloads as far as 150 kms.

SOMATIC: Industrial bathroom cleaning is a prime “dull”/“dirty” candidate to be replaced by automation. Somatic builds large robots that are trained to clean restrooms via VR. The system sprays and wipes down surfaces and is capable of opening doors and riding up and down in the elevator. Find our previous coverage of SOMATIC here.

RoboTire: Anyone who’s ever sat in a service shop waiting room knows how time-intensive the process can be. RoboTire promises to cut the wait time from 60 minutes down to 10 for a set of four tires. The company has begun piloting the technology in locations around the U.S. Find our previous coverage of RoboTire here.

Morphle: Designed to replace outdated analog microscopes, Morphle’s system uses robotic automation to improve imaging. The startup processes higher-resolution images than far pricier systems and with a much smaller failure rate. Morphle has begun selling its system to labs in India.

Daedalus: Founded by an early engineer at OpenAI, Daedalus is building autonomous software to allow industrial robots to operate without human programming, beginning with CNC machines. The company projects that it can improve productivity in the metal machining market by 5x.

Exosonic, Inc.: Exosonic makes supersonic commercial aircraft that don’t have to produce a loud sonic boom, so they can be flown over land. Its goal is a plane that can fly from SF to NYC in three hours. The CEO worked on NASA’s low-boom X-59 aircraft while at Lockheed Martin. Exosonic now has letters of intent from a major airline and two Department of Defense groups, plus a $300,000 U.S. Air Force contract.

Nimbus: Founded by a serial entrepreneur and based in Ann Arbor, Mich., Nimbus is developing the next-generation vehicle platform for urban transportation. Founder Lihang Nong previously launched the fuel-injection systems developer PicoSpray and is now looking to answer the question, “Can a vehicle be several times more space and energy efficient than today’s cars while actually being more comfortable to ride in?”

UrbanKisaan: UrbanKisaan is a vertical farming operation based in India that delivers fresh produce subscriptions to households. Its farms of stacked-up hydroponic tables can be located near cities with just 1% of the land usage of traditional agriculture, and there are no pesticides necessary. In a market with a growing middle class seeking healthy foods, delivering from farm-to-door could let UrbanKisaan control quality and its margins.

Talyn Air: Two former SpaceX engineers have developed a long-range electric vertical take-off and landing (eVTOL) aircraft for passengers and cargo. The startup has created an electric fixed-wing aircraft that is caught mid-air with a custom winged drone during take offs and landings, an approach that its founders say give this aircraft three times the range of its competitors, at 350 miles.

Developer Tools

BuildBuddy: Two ex-Googlers want to provide a “Google-style development environment” to all by building an open-source UI/feature set on top of Google’s Bazel software. The company says that their solution speeds up build times by up to 10x. It’s free for independent developers, with the price scaling from $4 per user to $49 per user depending on the size of the team and the features required.

Dataline: Meant to let websites gather analytics data from users who are using ad-blocking tools. Claiming that most ad-blocker users care mostly about display ads or cross-site tracking, the company says that first-party analytics gets hit as “collateral damage.” By acting as a “smart proxy” that runs on a sub-domain, Dataline avoids most ad-blocking systems (for now, presumably.)

Cortex: Many modern online software applications are powered by countless independent, purpose-focused tools — or “microservices.” Cortex monitors your app’s microservices to automatically flag the right person (hooking into Datadog/Slack/PagerDuty/etc.) when one breaks.

apitracker: Even if your website seems to be loading fine, the APIs you use to make it work might be having trouble, breaking things in not so obvious ways. Apitracker… tracks your APIs. It monitors the APIs you use, alerting you when one of them starts to fail and providing insights into their overall performance.

Freshpaint: Freshpaint’s “autotrack” system collects all pageviews/clicks/etc. across your site, allowing you to push it into tools like Google Analytics/Facebook Pixel etc. retroactively without requiring your dev team to make manual trackers for each event. The base plan is free for sites with fewer than 3,000 users and $300 for sites with up to 50,000 monthly users, after which point the pricing shifts to custom packaging.

Datree: Datree allows companies to set up rules and security policies for their codebase, and ensures those rules are followed before any code is merged. Charging $28 per developer (noting that it’s free for independent/open source projects), they’ve pulled in ~$230K in revenue to date. Find our previous coverage of Datree here. 

fly.io: Deploys your app on servers that are physically closer to your users, decreasing latency and improving the user experience. If your app grows more popular in a certain city, Fly detects that and scales resources accordingly.

Sweeps: Sweeps claims that they can make your website 40% faster with one line of code, by more intelligently loading all of the third-party tools that a website is using. The team says that their tech not only improves speed but does so while improving SEO.

Orbiter: Orbiter is an automatic real-time monitoring and alert system integrated with Slack to ensure better customer service and revenue management.

Release: Product releases can be tricky. Release provides a staging management toolkit — it builds a staging environment each time there’s a pull request, allowing for faster/more collaborative development cycles.

Signadot: Signadot is monitoring and management software for the microservices that modern startups rely on to power their own applications and services, hopefully flagging issues before they become apparent to the end user.

Raycast: Raycast is a universal command bar for developers and many of the tools they use. Users can integrate apps including Jira, GitHub or Slack and take a Superhuman-like approach to completing forms and tasks. The team is pitching the tool as a way to help engineers get their non-engineering work done quickly.

Cotter: Cotter is building a phone number-based login platform that authenticates a user’s device in a workflow that the company’s founders say has the convenience of SMS-based OTP without the security issues. The startup is aiming to target customers in developing countries where email is less utilized and less convenient as a login.

ditto: Ditto’s founders are hoping to create the Figma for words, helping teams plan out more thoughtfully the copy they use to describe their products and workflows. The collaboration tool created by Stanford roommates Jolena Ma and Jessica Ouyang currently has 80+ different companies represented among their users.

Scout: A continuous integration and deployment toolkit for machine learning experiments inside a GitHub workflow.

ToDesktop: ToDesktop has designed a service to automate all of your desktop application publishing needs. It works with Windows, Mac and Linux and provides native installers, auto-updates, code signing and crash reports without the need for any infrastructure or configurations for developers.

DeepSource: DeepSource is a code review tool that allows developers to check for bug risks, anti-patterns, performance issues and security flaws in Python and Go.

Flowbot: Flowbot is a natural language, autocomplete search tool for coding in Python. It lets Python developers type in plain English when they can’t remember the exact function they’re thinking of, with Flowbot digging through documentation and considering the context to find the code it thinks you’re looking for.

PostHog: PostHog is a software service that lets developers understand how their users are actually working with their products. It’s a product analytics toolkit for open-source programmers.

18 Mar 17:49

Pricing in a Time of Uncertainty

by Steven Forth

COVID-19 is overturning a lot of our basic assumptions about how we live, what we can expect and how we organize our lives. None of us know how this will play out.

Is this a short-term dip where things will return to normal by the end of the year? Could be. Will the time it takes to produce a vaccine mean we need to prepare for a longer crisis that will tip the world economy over into a recession? Also possible.

Or will something fundamentally different happen? Will the experience of social distancing (I didn’t even know what this term meant six weeks ago) and the economic shock lead to a more basic change to behaviors?

If the pandemic is short enough, say 3–9 months, we may see new baselines emerge for the established. In the most extreme scenario, where the pandemic is prolonged and several healthcare systems are overwhelmed, we may experience more fundamental change in which the ways we measure our lives, societies and organizations change.

In this uncertain environment, how should one approach pricing?

The first thing to do: Find moral grounding

Ethics matter in a crisis. For pricing, this means no price gouging.

We should not take advantage of short-term fluctuations in demand or panic buying. Supplies need to be managed so that they go to the people who need them most. Masks and gloves to frontline healthcare workers. Food deliveries to people who are the most isolated and vulnerable.

People will remember the companies that make ethical choices and those that do not.

Relationships will matter no matter what happens

Communicate with your customers and make sure you understand how the pandemic is impacting them personally, their business and their customers. No one understands all of the implications of the pandemic, and the only way to find out is to ask and to listen.

You’re listening for changes in value drivers, the value that you’re providing your customers and the value that your customers are providing to their customers. Emotional, Economic and Community value drivers all matter, but for the short term it is emotional and community value drivers that will come to the fore (learn more about value drivers here). Make sure you understand how these are changing.

Don’t offer discounts

There’s going to be pressure to offer discounts. Resist this pressure. Instead of offering discounts, look at making concessions on terms of trade. Defer payment terms if you can. Allow customers to carry volume commitments forward.

If there’s a serious drop in use due to the pandemic, consider extending the subscription for a period of months. If you fail to acknowledge the current economic conditions, as reflected in the use of your service and the value it delivers, you may contribute to higher churn. In uncertain times, you want to be doing what you can to reduce churn.

Price helps anchor your value, and price discounts made during a crisis tend to stick and can reset value perceptions long term.

If you don’t already have one, add a usage component to your pricing model

Now’s the time—this is one of the best ways to align with value. In a time where there’s a great deal of uncertainty, connecting price through use to value can be a winning play.

Experience in previous downturns suggests that cost-side value drivers are more compelling than revenue growth value drivers. When the economy is contracting, buyers are looking for ways to cut costs and are skeptical about claims that a product or service will help to grow revenues. Look through your list of value drivers and sharpen those that impact your customers’ costs.

You’ve started worrying about churn. So have your customers.

If you define value drivers based on how you impact unit economics (Customer Acquisition Costs, Lifetime Value of a Customer and so on), take a close look at everything you can do to help your customers reduce or manage their own churn.

Think widely about churn. For example, if you have an HR or talent platform, the equivalent of churn is retention. As people transition to social isolation and working from home, how does your platform impact churn?

Your value proposition is most compelling when it combines emotional, community and economic value drivers. Spend some time looking at the combination of value drivers that will resonate in a time of great uncertainty. If you’ve never used community value drivers (most companies have not), start layering them in.

Ask:

  • Who beyond my users benefits from use of my solution?
  • How do they benefit?
  • Do these benefits feedback and help my users?

Economists would frame this as searching out positive externalities. Of course, if you’re going to start claiming positive externalities, you also need to look at any negative externalities your solution may have.

Negative externalities are costs that your solution imposes on non-users for no compensation. Companies in the sharing economy have been accused of generating massive negative externalities. In the present situation, expect people to pay close attention to any negative externalities that could make the pandemic worse and demanding action.

The biggest opportunity may be around helping your customers manage risk. Look back up at the four scenarios sketched at the top of this post. Any one of those scenarios could play out, and all are likely to play out in one industry or another. That means risk.

Conventionally, risk value drivers are used mostly for industries that have formal and quantitative approaches to manage risk, like finance, energy, insurance and real estate. More and more industries will be adopting formal risk management programs. This is a big opportunity, first of all for companies selling risk management and mitigation, and then for all of the companies that offer products and services that can help reduce risk.

Look through your customer base. What are the main risks to each of your customers from the fallout of COVID-19? How can you reduce risk?

5 rules to help you manage pricing through the COVID-19 pandemic

  1. Do not discount. Use other concessions as necessary
  2. Layer usage metrics into your pricing model to better align with value
  3. Focus on economic value drivers for cost and risk
  4. Build a holistic value proposition that include emotional, economic and especially community value drivers
  5. Plan for more than one possible future

Above all, stay safe and support your family and community. We are all in this together.

The post Pricing in a Time of Uncertainty appeared first on OpenView.

18 Mar 17:46

3 Ways AI and Machine Learning Will Affect Sales (& How to Prepare)

by Owen McGab Enaohwo

Informed and actionable business decisions now happen easily, thanks to artificial intelligence (AI) and machine learning (ML).

B2B salespeople can, at a single click, determine the customer’s buying behavioral patterns and personalize content and ads to align with their browsing history, industry trends, and interest.

The stressful lead scoring and nurturing in the sales process is gradually becoming a soft work. AI and machine learning algorithms now provide steps for Sales and Marketing to qualify marketing qualified lead (MQL) into sales qualified lead (SQL) — which further strengthens the sales pipeline and brings about more gains.

In fact, PWC’s global artificial intelligence study reveals that artificial intelligence has a potential contribution of $15.7 trillion to the world by 2030.

Global Artificial Intelligence Study

PWC, 2020.

There’s little doubt that AI is on the rise. And it’s becoming the secret weapon for top sales organizations.

According to the Salesforce State of Sales Research study, 62% of the highest performing salespeople predict that guided selling adoption will accelerate.

This is due to its ability to rank potential opportunities by value and make suggestions for the next step of action.

Using an AI- and ML-based system makes it easy to nurture leads and keep deals moving forward. It ranks a likely-to-purchase customer and guides salespeople on what to do or say next to their leads. AI takes care of the analysis. The rep only needs to focus on taking action.

And it works.

A recent study by Harvard Business Review shows that sales teams that adopt AI and machine learning are seeing:

  • 50% increase in leads and appointments
  • 40–60% cost reductions
  • 60–70% call time reductions

Clearly, if you’re not using AI and ML with your sales team, you’re leaving a lot on the table.

Okay, that sets the stage.

Now let’s look at how AI and machine learning will affect sales in the future and why you should be prepared for it now.

Let’s get started.

AI and Machine Learning: What Do They Mean?

AI is the theory and development of computer systems that are able to perform tasks that would normally require human intelligence, such as visual perception, speech recognition, decision making, etc. A good example of such capabilities can be found on your smartphone.

Machine learning is the scientific study of algorithm and statistical models that computer systems use to perform specific tasks without using explicit instructions that rely on pattern or reference.

 

In essence, AI encompasses machine learning, and not vice versa.

These technologies relate to sales as it helps to boost leads and close deals through standardization, automation, and optimization of the sales process.

How AI and ML Will Affect Sales in the Future

Sales begins with the relationship between the customer and the business. Now that customers understand and use technology on a daily basis, every conscious business must strike a balance between human and machine to better prospect-lead and make sales. That balance can only be achieved with AI and machine learning.

According to Paul Daugherty, chief technology and innovation officer at Accenture,

“The playing field is poised to become a lot more competitive, and businesses that don’t deploy AI and data to help them innovate in everything they do will be at a disadvantage.”

To put your business on a greater edge in the selling space, here are three powerful ways that artificial intelligence and machine learning will affect the future of sales.

The Power of Standardization

AI and machine learning will affect sales in the future through standardization. Before you can properly leverage AI, though, you need a foundation of a standardized system that allows for full AI integration.

Say you have a set of top-performing sales agents. With AI, you can study their processes, responses, techniques, and gestures — then use these factors to create a knowledge base system that other sales agents use as a resource.

If there’s an absence of a standardized sales process, there would be a mismatch in the analysis.

When standardizing your sales process, make sure that you have the right level of structure and standard in terms of creativity and performance so your sales team won’t overdo a process.

This is because technology can restrain human flexibility if not planned right.

The Power of Automation

Answering similar questions and sending pitches can be very daunting for salespeople. Aside from that, it eats into your limited time and makes your job monotonous.

AI can help you perform manual, tedious, repetitive tasks, and create an allowance for you to attend to clients creatively and drive higher value.

The power of automation with AI will help you build better relationships and have significant discussions with clients.

Take, for instance, the research by Hubspot showing that salespeople spend almost a quarter of their day responding to emails. This time could be better spent talking to prospects.

With email automation, you can address the problem to better achieve time management.

In doing this, you should analyze the daily tasks that your salespeople perform and create automation for them. This could be something like the most common emails that are sent daily or the type of follow up messages to send at any point in time.

In the long term, you could have welcome emails to new leads, follow-up emails to unresponsive leads, demo emails to new sign-ups, reminder emails about meetings, and thank-you emails to new customers.

The Power of Optimization

Standardization and automation are the building blocks for optimization. They hasten the procedure for achieving tasks with less effort. However, they do not change or boost sales. Optimization does that.

When AI and machine learning are employed to optimize the right metrics and validate business ideas, you achieve successful business outcomes, like high ROI and customer satisfaction.

This also has an effect on reporting, since optimization makes it easier for platforms to deliver value to clients.

For instance, a lot of SaaS brands get consistent sales through content marketing. This is because they use and optimize it the right way.

The future is bright for salespeople who implement new AI and ML tools and processes to improve the productivity of their sales process.

Why You Should Get Ready for the Future of Sales

The customers you’re selling to are evolving, and so should you if you want to make sales. Technology now makes communication better — and it’s just beginning.

With AI and ML, interacting with your customers will be beyond your imagination. Here are some of the reasons you should get ready for the future of sales.

Predictive lead scoring

This process studies customer behavior on how they knew about your business, how they interacted with your website, and the information they consumed.

By doing so, it scores a lead by informing you of their likeliness to buy from you, so you waste no effort on customers that are not yet ready to make any purchase from you.

Customer lifetime value forecasting

AI and ML can let you know your customers’ worth. This is easily done by checking the number of previous purchases and visits to your website they’ve made. With this information, you can know your loyal customers so you don’t toy with them.

Predictive targeting

You can now send messages to the right customers, thanks to AI and ML. These machines study the characteristics of your ideal customer and anticipate both their interests and their buying decisions.

They identify customer behavior that signals a readiness to buy, then trigger the appropriate marketing campaign.

They can also help with other business and management decisions, such as forecasting, price optimization, prioritizing, and recommend solutions.

Final Thoughts

As you can see, artificial intelligence and machine learning will dominate the future of sales. Getting ready for it is your roadmap to a profitable business that will continue to scale.

This is because AI and ML lead to improved productivity, better decision making, and automated sales pipelines that will drive your business to success.

In this post, you’ve learnt that:

  • AI and machine learning will play a big role in the future of sales.
  • By implementing AI and ML in your sales process, you satisfy your customers better and make your tasks easier.
  • If you don’t get ready for AI and ML now, you’ll most likely end up leaving too much on the table.

If you’re ready to bring real intelligence into your business, this is the best time to start and focus on using AI and ML in your sales process.

The post 3 Ways AI and Machine Learning Will Affect Sales (& How to Prepare) appeared first on Sales Hacker.

18 Mar 17:45

10 of the Best Sales Automation Tools to Close More Deals in 2023

by Anna Crowe

There’s hundreds of sales automation tools out there — but it’s overwhelming to sift through the cruft.

That’s why we’ve rounded up a curated list of the 10 most useful sales automation tools on the market right now.

Companies are trying to do more with less — cutting manual tasks and accelerating productivity across many functions like sales enablement, sales prospecting, CRM reporting and more.

This guide explains the fundamentals of sales automation, and what to look for in a sales automation tool – everything from features to integrations and beyond.

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Top Benefits of a Sales Automation Tool

1. Minimizes repetitive tasks.

Sellers have never been excited about maintaining a squeaky clean sales CRM.

Sales automation software can manage routine and time-consuming tasks like data entry, lead qualification, and follow-ups.

2. Boost sales productivity.

AI can analyze vast amounts of data to improve lead scoring, lead routing and prioritization. This also greatly benefits marketing teams driving inbound leads to sales.

CRM data decay and lead enrichment is another pain for sellers, which can be resolved with automation.

AI-powered chatbots, notetakers and virtual assistants have also revolutionized the sales process — answering commonly asked questions, automating meeting follow-ups and beyond.

3. Better sales management.

Sales managers often don’t have enough resources for sales training, pipeline management, reporting and other types of administrative tasks.

Modern sales leaders have accepted more responsibility than ever before — that means they need to accomplish more tasks in less time.

This is where AI can help. Some examples are:

      • Sales Content Optimization: AI can optimize email templates, sales scripts, and enablement materials — improving the entire sales machine.
      • Sales Forecasting: AI can analyze CRM trends to make more accurate sales forecasts.
      • Sales Performance Monitoring: AI tools can track individual and team performance, providing real-time insights into key metrics and identifying areas for improvement.

1. HubSpot Sales Hub

HubSpot Sales Hub is a hybrid customer relationship management (CRM) and sales automation platform that offers a suite of marketing and sales tools to help small businesses drive growth. It combines sales, marketing, and customer service functionalities into one unified platform, empowering sales teams to effectively manage leads, automate tasks, and nurture customer relationships.

Key features:

      • Contact and Lead Management: Organize and track contacts and leads in a centralized database, enabling efficient lead qualification and nurturing.
      • Email Automation: Automate personalized email sequences and follow-ups to engage leads and move them through the sales pipeline.
      • Sales Analytics: Gain insights into sales performance, track deal progress, and identify areas for improvement with comprehensive sales analytics and reporting.
      • Sales Automation Workflows: Automate repetitive sales tasks, such as data entry, task assignment, and follow-up reminders, to save time and increase productivity.
      • CRM Integration: Seamlessly integrate with popular CRMs and hundreds of other systems to ensure smooth data flow and enhance sales processes.

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2. 6sense

6sense revolutionizes sales automation by harnessing the power of predictive analytics and AI. It enables sales teams to identify and prioritize high-intent prospects, driving targeted and personalized outreach.

Key features:

      • Predictive Intelligence: Utilize AI-driven predictive analytics to identify and prioritize prospects with high buying intent.
      • Account-Based Marketing (ABM): Implement account-based marketing strategies with personalized messaging and content.
      • Intent Data Analysis: Gain visibility into buyer intent signals and real-time engagement data for effective outreach.
      • ROI Tracking: Measure the impact of sales and marketing activities with robust ROI tracking and attribution capabilities.

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3. Clari

Clari is an AI-powered revenue analysis platform that provides sales teams with actionable insights and predictive analytics to improve sales execution. It leverages machine learning algorithms to analyze data from various sources and deliver real-time visibility into sales pipelines and forecasts.

Key features:

      • Sales Forecasting: Clari employs advanced analytics for precise sales predictions. It aids in recognizing risks, prioritizing prospects, and making informed decisions.
      • Deal Management: This platform supports tracking and controlling opportunities during the sales process. It gives an integrated view of deal activities, engagement, and stakeholders, enabling proactive actions for deal closure.
      • Sales Enablement: Clari assists sales managers in providing specific guidance to their teams. It offers performance insights, identifies coaching possibilities, and encourages collaboration for better sales results.

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4. Cognism

Cognism is a B2B data platform that empowers sales teams with accurate and up-to-date prospecting data. It combines AI with data enrichment to help sales professionals identify, target, and engage with the right prospects. Cognism's intelligent automation capabilities streamline the prospecting process and enable personalized outreach at scale.

Key features:

      • B2B Contact Data: Access a comprehensive B2B database of prospecting data, enriched with firmographic and technographic information.
      • Lead Generation: Leverage AI-powered algorithms to identify and generate high-quality leads based on ideal customer profiles.
      • Email Campaigns: Automate personalized email campaigns with dynamic content and follow-up sequences.
      • Intent Data: Cognism offers B2B intent data to help marketers and sellers identify accounts actively searching for your product or service – and target key decision-makers when they’re ready to buy.

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5. Docebo

Docebo is a comprehensive learning management system (LMS for sales training) that enables extended enterprises the ability to deliver effective training and development programs to their partner sales teams.

It offers a range of features to create, manage, and track learning content, ensuring that sales professionals have the knowledge and skills they need to succeed. With its intuitive interface and mobile accessibility, Docebo makes learning and skills development accessible anytime, anywhere.

Key features:

      • Sales Content Management: Create and organize learning content, including courses, assessments, and certifications.
      • Learner Engagement: Foster learner engagement through gamification, social learning, and interactive elements.
      • Tracking and Reporting: Track learner progress, completion rates, and assessment results for performance evaluation.
      • Industry Specific: Docebo offers learning programs built for specific industries such as sales development for government agencies.
      • Integration Capabilities: Seamlessly integrate with existing systems, such as CRM platforms and HR software, to streamline training workflows.
      • Mobile Learning: Enable sales reps to access training materials and resources on their mobile devices for flexible and on-the-go learning.

docebo

6. DocuSign

DocuSign forever changed how agreements and contracts are signed, making the process digital, secure, and efficient. It offers a cloud-based electronic signature solution that simplifies the signing and management of documents, eliminating the need for physical paperwork and manual processes.

Key features:

      • Electronic Signatures: Easily send, sign, and manage documents with legally binding electronic signatures.
      • Workflow Automation: Streamline document workflows with automated routing, reminders, and notifications, including plenty of CRM integrations.
      • Security and Compliance: Ensure document security with encryption, authentication, and audit trails to meet regulatory requirements.

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7. Gong

Gong is a sales conversation analytics and revenue intelligence platform designed to help sales teams improve performance and close deals more effectively. By capturing, analyzing, and transcribing sales calls and meetings, Gong provides actionable insights and data-driven recommendations to drive revenue growth.

Key features:

      • Conversation Analytics: Gong uses AI for sales conversation analysis, transcription, and providing insights into effective tactics.
      • Sales Funnel Visibility: Gong monitors deal progress and sales pipeline, offering data for better decision-making.
      • Coaching and Training: Gong aids managers in coaching teams via call recordings and transcripts for targeted feedback and best practices.

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8. LinkedIn Sales Navigator

LinkedIn Sales Navigator is a staple among sales professionals for more than automation. It provides sales teams with advanced search and lead generation capabilities to identify and connect with the right prospects. The downside is that Sales Navigator can be quite expensive, but the good news is there are plenty of cost-efficient alternatives on the market.

Key features:

      • Advanced Search Filters: Narrow down prospects based on criteria such as industry, job title, company size, and more, allowing for highly targeted lead generation.
      • Lead Recommendations: Receive personalized lead recommendations based on the customer journey, connections, and engagement history — helping sales teams focus on the most relevant opportunities.
      • InMail Messaging: Send direct messages to prospects even if you're not connected, enabling personalized outreach and fostering meaningful conversations.
      • Sales Insights and Updates: Stay informed about key updates and activities of your prospects and existing connections, allowing you to engage at the right time with relevant information.

linkedin-sales-navigator

Image Source

9. Outreach

Outreach.io is a versatile sales automation software that empowers sales teams with its comprehensive suite of tools. The platform offers powerful features such as contact management, auto dialer, email sequencing, A/B testing, SMS capabilities and beyond.

Key features:

      • Outbound Sequencing: Create and automate personalized email sequences to engage prospects effectively.
      • Gmail Integration: Reps can work directly within Gmail and manage sales activities like scheduling meetings, creating tasks, and viewing prospect information all from their Gmail inbox.
      • Analytics and Reporting: Gain insights into outreach performance through detailed analytics and reporting features.
      • CRM Integration: Seamlessly integrate with popular CRM platforms to ensure data synchronization.

outreach-1Image Source

10. UserGems

UserGems is a sales intelligence platform that helps businesses identify and leverage their existing customer data to drive sales and marketing efforts.

UserGems is most famously known for helping companies track job changes to prioritize outreach efforts on warm, familiar leads (rather than depleting sales resources on cold outbound).

Key features:

      • Customer Data Enrichment: UserGems enriches your customer database with up-to-date information, such as job titles, company details, and contact information — to ensure you have accurate and complete customer profiles.
      • Marketing Campaign Intelligence: UserGems uses predictive analytics to identify potential high-value customers who are more likely to convert or engage with your products or services.
      • Integration: UserGems integrates with customer relationship management (CRM) systems and marketing automation tools to streamline your sales and marketing processes.

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Top Sales Automation Use Cases

1. Account-Based Sales and Marketing

Targeting high-value accounts with personalized outreach and follow-up is crucial in B2B sales. Automation allows sellers to streamline tasks like researching accounts and lead nurturing.

Recommended tools: HubSpot, 6Sense, LinkedIn Sales Navigator.

2. B2B Contact Data Enrichment

Enhancing contact information with accurate data helps increase lead generation and enables more personalized email campaigns.

Recommended tools: Cognism, UserGems.

3. Data Entry and Integration

Having a centralized view of the sales pipeline is vital for effective sales management. Sales automation simplifies capturing and integrating multiple data sources into your CRM.

It takes care of the nitty-gritty tasks, saving time and ensuring all the critical information is available. This allows sales teams to stay organized and spend less time bouncing between different sales and marketing tools.

Recommended tools: HubSpot, UserGems.

4. Meeting Scheduling

When setting up appointments with prospects, you should streamline the booking experience to save a lot of back and forth. Sales automation software lets you easily integrate team calendars and availability across multiple time zones.

Salespeople and prospects can agree on the perfect slot, saving time and easing the scheduling experience. With a user-friendly customer experience, qualified leads can book demos faster and attend the meeting.

Recommended tools: HubSpot, Outreach.io.

5. Sales Enablement

Equipping sales teams with the right content resources is essential to succeed. Sales automation offers centralized repositories of sales email collateral, collaboration tools, and training. It's like a one-stop shop for everything related to driving sales for the brand. Salespeople can easily access the materials they need and develop their mastery.

With these sales enablement resources at their fingertips, sales reps can better support prospect needs, stay on-brand, and sharpen their sales skills.

Recommended tools: Docebo, Clari, Gong.

6. Sales Pipeline Management and Forecasting

Managing the sales pipeline is crucial for effective sales management for small businesses and enterprises. Sales automation provides visibility into the progress of leads and predicts sales performance. A realistic sales forecast helps the business plan effectively around customer growth.

By analyzing pipeline metrics and trends, sales teams can make informed adjustments, ensuring they stay on track to achieve their targets and crush the competition.

Recommended tools: HubSpot Sales Hub.

7. Sales Reports and Analytics

Analyzing sales data is how sales leaders improve close rates. Sales automation platforms offer robust reporting and analytics capabilities to measure your sales performance. They can also trigger notifications when teams exceed or fall behind.

By analyzing and reporting on trends, sales teams can reveal strengths, weaknesses, and opportunities. With this knowledge, sales reps can fine-tune their sales tactics and drive exceptional results.

Recommended tools: Gong, Clari, HubSpot.

8. Workflow Automation

Automating workflows in the sales process is essential for efficiency and productivity. Sales automation platforms enable companies to design workflows on autopilot, freeing time for valuable activities.

By automating lead routing, follow-up reminders, or approval processes, sales teams can dedicate more time and energy to building relationships with prospects and sealing the deal.

Recommended tools: Outreach.io, LinkedIn Sales Navigator, DocuSign.

Sales Automation Software: What's Next?

With AI becoming mainstream, sales automation tools are getting smarter and easier to use.

So, what's next?

      • Advanced Analysis: AI in sales tools will offer more intelligent predictive analytics, helping sales teams foresee customer behavior and market trends.
      • Expanded CRM Functionality: CRM software will evolve from static databases to store leads and customer relationships. They'll move toward becoming more dynamic with personalized recommendations powered by AI.
      • Better Mobile Experiences: Generally, salespeople have limited lead management functionality from their smartphones. As sales automation can handle the “busywork,” mobile apps can focus on user-friendly interfaces rather than the cluttered feel of many sales CRMs.

The future of sales is here, and it's better with automation.

Editor's note: This post was originally published in March 2020 and has been updated for comprehensiveness.

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13 Mar 17:59

Replacing the Magic of In-Person Sales Meetings (When You’re Forced to be Remote)

by Matt Heinz

By Matt Heinz, President & Founder of Heinz Marketing

For many sales teams, especially those who already sell remotely, the restrictions on travel due to COVID-19 haven’t changed the nature of how they sell.  If you already sell primarily via the telephone, digital channels and video conferences, not a lot has changed.

That is not the case for our clients who are in manufacturing, health care, pharmaceuticals and other industries that still rely on a field sales team that is very much “in the field” on a regular basis calling on customers.  Whether it’s because their organization has restricted travel, because their clients have restricted visitors from their offices or are simply working from home for the foreseeable future, many selling organizations are very quickly facing the reality of reinventing how they get in front of prospects and customers.

And this is particularly a challenge for companies that sell durable goods that often require a bit of “show and tell” during the in-person sales meeting.

So how are organizations pivoting based on this new reality?  Here are some examples we’re seeing in the field already as well as some new best practices.

  • Make the value they’ll receive from your time together abundantly clear: This should be true for any prospect meeting request, and especially true for an online meeting that’s far easier to blow off vs when you physically show up in their office.  Make clear what you will be sharing with the prospect – best practices, new innovations to improve their (Efficiency? Output? Results?), something that’s enough value that they won’t want to miss your time together.
  • Working from home means more screen time: This means even when they’re in another meeting, they will typically have their screens in front of them.  I expect email open rates will increase in the coming weeks, as especially will LinkedIn InMails and first connection messages that typically pop up on a prospect’s desktop (easy to ignore when you’re in back to back meetings in conference rooms, easier to see and respond to when you’re in front of your screen the majority of the day working from home).
  • Send the “Show and Tell” in advance: Coordinate getting a physical kit of samples delivered to the prospect in advance of the meeting, along with a return-to-sender box with prepaid postage. This may be a bit more onerous than just hauling the materials with you as usual, but holding something up on a video conference isn’t the same as the prospect feeling it in their hands.  This tactic can make a huge difference (and is still likely a fraction of the cost of getting your salesperson to the meeting physically in the first place).
  • Train and practice video call best practices: These include dress and presentation (i.e. how you look) as well as maintaining eye contact with the prospect as much as possible.  This can be particularly difficult and awkward for those who haven’t done it before.  In a video conference, when you look at the prospect’s video image they are seeing you look down or “away” from them.  The more often you can get comfortable talking directly into the webcam lens, the more you’ll be maintaining eye contact and connection with the prospect.  This is important in face-to-face meetings, and even more important when trying to replicate the intimacy from afar.
  • Practice NOT interrupting: It’s so much easier to have a natural conversation in person when you can observe and react to body language.  Whether on an audio-only call or video conference, practice taking a breath and waiting 1-2 second after someone finishes talking before you respond.  Take notes on what you want to say if you need to while they speak, but by giving just a tiny gap between their finish and your response, you’ll demonstrate respect for their ideas and ensure a more fluid, natural conversation.
  • Offer to meet them on neutral ground: This may not work in every situation, but instead of meeting at their office or home, invite them to meet at a local coffee shop, coworking space or restaurant.

The post Replacing the Magic of In-Person Sales Meetings (When You’re Forced to be Remote) appeared first on Heinz Marketing.

11 Mar 17:17

Microsoft Research creates an AI ethics checklist with nearly 50 engineers from a dozen tech companies and hopes to build it into ML production workflows (Khari Johnson/VentureBeat)

Khari Johnson / VentureBeat:
Microsoft Research creates an AI ethics checklist with nearly 50 engineers from a dozen tech companies and hopes to build it into ML production workflows  —  While speaking on a panel recently, Landing AI founder and Google Brain cofounder Andrew Ng described a moment when he read …

11 Mar 17:16

Why now is the best time to start a SaaS company

by Alex Wilhelm

With the markets in turmoil and fear running rampant through the global economy, you might not think it’s the right moment to start a company. According to at least one well-known venture capitalist, however, it’s a great time to start up.

TechCrunch recently caught up with former founder and active venture capitalist Jason Lemkin to chat about the world of software-as-service companies, better known as “SaaS.” Lemkin swung by TC HQ in San Francisco to spend some time with the Equity crew to discuss all things SaaS, markets and startups.

Long-time listeners of our Equity podcast will recall that this is not the first or even second time that we’ve had Lemkin on. He was, after all, our first guest, as well as a repeat guest for Episode 100. But as it’s Equity’s third birthday, and the SaaStr conference was just around the corner (now postponed), we had Lemkin back to dig deep into one of our favorite startup categories. So let’s get nerdy about SaaS. 

Hit the clip if you’ve had a long, hard week and want some optimism:

In the full interview after the jump, hear about Jason’s current venture fund, investing cadence, vertical SaaS, his advice for the middle class of SaaS, how to think about venture debt, SaaS consolidation, software in India, and the Slack versus Microsoft scrap. It’s a lot of fun, so let’s get into it.

11 Mar 16:56

Go Old School – Email Marketing

by Drew McLellan

Even though it seems a little old school in the days of virtual reality, artificial intelligence and bots – email marketing is still one of the most effective marketing tactics available to us. A recent study by SmartFocus looked at over 1.4 billion email marketing messages to identify best practices to drive engagement and customer impact. Let’s take a look at what some of those are:

  • If you want your audience to take action, click on a link or respond to an offer, then Tuesday should be the day you launch your campaign. The study revealed that click-through rates were 30 percent higher than other days.
  • If you’re sending out a more educational, informative email and don’t care if your audience clicks on anything in your correspondence, Sunday is your go-to day.
  • The time of day was also reviewed in this study. Interestingly, most marketing emails were opened between six and nine pm. And the time that was least likely to lead to an unsubscribe was 6:30 pm.

Naturally, when you send the email is just one element of a successful email campaign. If you send the wrong content or take the wrong tone, even sending it at the perfect time won’t help. Here are some other best practices that you should keep in mind as you plan your campaign.

Create a relationship: Email can be a reliable way to actually create a relationship between you and your audience. But that requires consistency. Have you ever known someone who only reaches out to you when they need something? That’s what your sales emails feel like to your audience if that’s the only time you write to them.

If you’re going to write on a consistent basis, be sure you invite your audience to write back or to generate more of a dialogue. It’s pretty tough to feel connected to someone if the conversation is just one way.

Be mindful of your tone of voice in your emails as well. A super formal tone isn’t going to help you create a connection. The biggest compliment you can get when you finally meet someone on your email list is that you sound just like your correspondence. That means you’ve successfully adopted a conversational tone in your emails.

Be interesting: Sure, you’re interested in your sale. But your audience may not be. Never hit send if you aren’t confident that your content is going to be useful, interesting or entertaining to your recipients.

The only way to be interesting to anyone is to know them a little bit and put them front and center before you communicate. Building personas of your audience is a really smart way to make sure that your content is truly aimed at being beneficial to them. Personas help you think of your audience in a more personal way – which makes it much easier to talk to them about topics that they actually care about.

Be generous: I know you are sending the emails because you want your audience to do something (click on a link, download a coupon, sign up for a free assessment, etc.) but before you ask, give. Be helpful without asking for anything in return. If you’re consistently providing value, they’ll stick around and eventually, they will be ready to shift from being the recipient of your generosity to a paying customer.

Email is one of the most effective marketing options that you have. But it can backfire in a hurry if you aren’t careful about how, where, how often and what you include in your communications. Think of your email list like your best pen pal. Find ways to create a genuine connection and keep nurturing it, so it can grow over time.

Email isn’t a quick fix, so be ready to settle in for a long, good conversation with a friend.

This was originally published in the Des Moines Business Record, as one of Drew’s weekly columns.

The post Go Old School – Email Marketing appeared first on McLellan Marketing Group.

11 Mar 16:54

Pricing your Product: 5 Key Steps to Finding the Sweet Spot

by jfuchs@hubspot.com (Jay Fuchs)

Pricing a product is like baking cookies for your kid's second grade class. In this case, their classmates will only eat cookies within a certain range of crispiness — one you don't have a definitive grasp on. Ideally, every kid in the class will want to eat your cookies, but you realize limitations in resources and variability in preferences make that improbable. So, you have a realistic goal of how many children you'd be happy with feeding.

Sometimes, you'll only have enough time or oven space to make cookies crispy enough to appeal to a small portion of the class. And the optimal cookie crispy-ness you need to hit your goal might depend, in part, upon external factors that are prone to change — like shortages or surpluses of ingredients and shifts in kids' preferences.

I'm not too proud to admit there are some holes in that analogy, but it still gives a solid sense of what it's like to price a product. Honing in on those optimal baking circumstances would be difficult and fluctuate based on an array of circumstances — just like determining an appropriate price-point for your product.

Let's take a look at some of the factors you need to consider when pricing, how to incorporate those factors into your pricing strategy, and what you'll need to account for as time goes on when determining prices for your products.

Featured Resource: Sales Pricing Strategy Calculator

Download the Template

HubSpot's Sales Pricing Strategy Calculator helps you plan and calculate your revenue for 11 different pricing strategies. This way, you'll be able to determine the pricing strategy that works best for you, your business, and your customers. 

1. Understand your fixed and variable costs.

Cost might be the most fundamental factor in pricing a product. No matter what the industry standards, trends, or competition around your product might be, your objective will always be to make money. In order to do that, you need to know what costs you incur when you produce your product.

Consider your variable costs — the ones that change with your level of output. These could include the prices of packaging, raw materials, or shipping. Also, assign a dollar value to the time you spend on producing your product and factor that in as well. Time is money — know how much yours is worth.

Then, consider your fixed costs — the ones that remain the same no matter what your volume of production is. This could include the rent you pay for your facilities, the costs of any permits your business might need to make your product, or your employees' fixed salaries.

Take all these costs together to identify what producing your product costs on a monthly or annual basis. Use that figure to understand what it will take to consistently make a profit.

2. Get a feel for your industry and competition.

It's important to remain mindful of the competition. Find out what people are willing to pay for comparable products and use those industry standards as a reference point. That sets the stage for a process that takes critical thought and self awareness — identifying what differentiates your product from the competition and factoring that into your price.

If you're looking to sell at a higher price point, be prepared to convince consumers that your product is first-rate. If you're trying to sell at lower price points, be ready to show prospects they won't be compromising quality for value if they purchase your product.

If you believe you can pull off one of those kinds of messaging, then price your products higher or lower than your competition. No matter how you plan to price relative to your competitors, always understand where your product stands in its space. That means taking the time and effort to determine both your and your competition's public perception.

3. Get to know who's buying.

Every product has a target market. There are specific buyer personas who will be more receptive to what you have to offer than others. These personas will have different interests, sensitivities, values, backgrounds, and — most importantly — purchasing habits. Get to know who's most inclined to buy your product, and that into consideration when pricing.

Surveys, buyer persona interviews, social media, and several other tools and tactics can be leveraged to get a picture of who you're appealing to. Understand their priorities. Are they willing to pay more for premium quality? Are they looking for deals? Do you think they'll be loyal to your brand?

It won't be easy, and it might take a lot of trial, error, and effort to land on definitive buyer personas to consider when pricing. Still, if you stick with it, you'll put yourself in the best position possible to hit the optimal price point for your product.

4. Identify a profit margin and a revenue target.

The most attractive, exciting figure when pricing a product is profit. In all likelihood, that's why your business exists in the first place. After you've conducted extensive competitive research, determined your product's place in your industry, and gotten a feel for who you're selling to, you'll come up with an ideal profit margin for your business.

That process can be tough. You have to choose a grounded, realistic figure that still allows you to operate, expand, and live comfortably — a margin you're both content with and capable of reaching.

Once you have that figure, add it to your estimated fixed and variable costs, and you have a revenue target. After you have that target, it's relatively easy to figure out how it plays into the overall pricing equation. Estimate how many units of your product you realistically believe you can ship over the next year. Take your annual revenue target and divide it by that number. Now, you have a rough picture of what you have to charge for your product.

5. Be ready for some trial, error, and volatility.

There's no exact science to pricing a product, so there's no guarantee you'll nail it on the first try. You shouldn't be reluctant to change your price if it's not working for you. Just make sure you're consistently running a profit and covering your expenses. Make some tweaks here and there as you go, and you'll eventually land on that optimal price point.

That being said, there are some potentially volatile scenarios you should always be mindful of. Different, often-shifting external factors can force you to change prices. That could include the volume of product you can ship, your competitors' prices, the efficacy of your marketing efforts, or the public perception of your product. In all likelihood, your price will be fluid. It will take some testing to get it right, and you might find yourself adjusting it on a consistent basis.

There are a lot of moving parts to consider when pricing your product, including some critical factors that will inevitably be beyond your control. Though there are strategies you can put in place and elements to be mindful of, you might not always have a definitive grasp on what your product should cost. But, if you remain patient and produce the best product you can, you'll be in a solid position to move as units as possible.

11 Mar 16:53

Seek These 5 Skills and Traits to Hire Impactful Sales Operations Teams

by Sean Callahan
Sales Ops

A force multiplier isn't just a fancy-sounding term salespeople use to describe their solutions. Defined as something that allows you to get more done with the same or less effort (like switching from a screwdriver to a power drill), force multipliers can be critical to business survival

Today, most companies have a dedicated sales ops team because, as SiriusDecisions notes, the sales ops team serves as a force multiplier for the sales team by acting as the critical link between the development of key sales strategies and their execution. 

When you consider that the number of companies with a dedicated sales enablement function grew threefold from 2013 to 2018, along with the myriad ways sales teams operate and need support, it’s no surprise that some companies are still finding their footing as it relates to hiring an impactful sales ops team. 

What Skills Should I Look for When Hiring My Sales Operations Team?

In defining what sales ops is, why it’s needed, and how it works, we also addressed the typical sales ops team structure. Though roles, titles, and reporting hierarchy may differ depending on where you work, most sales ops teams contain the following roles:

  • A sales operations representative is typically an entry-level staffer who helps with generating reports, processing leads, or managing various aspects of the sales tech stack. 
  • A sales operations analyst is generally more experienced, more data-driven, and is commonly tasked with modeling, analyzing, and making sales data more accessible to business leaders and cross-functional peers. 
  • Because they’re responsible for the overall sales ops team, the sales operations manager needs a broad base of knowledge related to sales methodologies, behaviors, processes and analytics. 
  • The VP or director of sales operations oversees the management of the sales ops team while also working with other senior leaders to ensure the team is strategically aligned across the organization. 

While your sales ops team will be set up to optimally serve your organization, in general, companies will want to make sure the following skills are all present and accounted for before officially introducing the sales ops team. 

Tech Savviness 

From top to bottom, the sales ops team is more technically adept than the sales team because it needs to be – sales ops is essentially the tech-savvy eyes, ears, and arms of the sellers themselves.

It’s common for sales ops team members to continually evaluate and customize the software the sales team uses while also automating various aspects of sales enablement. Companies need sales ops team members who can serve as liaisons between the sales team and the technology they use. Having this dynamic in place helps to ensure that any sales tech you’ve invested in is easy to use (so it gets used) and is properly fitted for performance (so it achieves ROI). 

Social Media Chops 

While social media savvy might be more important when hiring the actual sales team, it’s important to not overlook this skill when building your sales ops team. At a time when connections and relationships matter more than ever, sales ops candidates with an impressive LinkedIn profile and a high-value network come with an edge. This attribute not only signifies that the potential sales ops team member understands how selling works in the modern era, and might better be able to empathize with sales team members, but that they might also play a breakthrough role in landing actual deals.  

Organized and Detail-Oriented 

Theoretically, the more organized your sales ops team is, the fewer trivial details your sales team will need to deal with each day. Through careful analysis, the sales ops team can help you continually refine your team’s structure so that your company is positioned to sell now matter how much the sales landscape changes. 

The sales ops team should also be able to organize your sales data in such a way where sales team members don’t need to contemplate next steps nearly as often because the profitable action is either recommended or performed automatically. 

Analytical 

Today’s sales teams are bursting at the seams with data. Properly harnessed, this data can be used to create competitive advantages, as evidenced by the fact that high-performing companies are 1.6X more likely to leverage sales data than their low-performing competitors. 

By hiring sales ops team members with an intuitive ability to transform raw data into analytical insight, your company could go from “more data than we know what to do with” to “more opportunities than we can address within a single quarter.”

Collaborative Nature

While it’s always nice to have team members who work well with others, in some sales ops roles, collaborative skills are a must. For your sales ops team to truly become a force multiplier, you’ll need team members and leaders who can build bridges with other business units. This will become even more important as companies continue to break down the sales operations function into even more specialized teams, like revenue operations (RevOps). 

Have You Already Hired Some of Your Sales Ops Stars?

Do you have sales reps who struggle to consistently break quota but exhibit one or more of the above skills? Before putting them on a performance plan, consider whether a move to the sales operations team might empower them to flourish. In addition to finding the right person for your sales ops role, such a move could also offset some of the hiring and onboarding costs that come with building a sales ops team. 

For more advice on developing the ultimate sales squad this year and beyond, subscribe to LinkedIn Sales Blog.

     
11 Mar 16:53

How to Build a Sales CRM Process

by Amanda Roosa

Legendary engineer and management consultant W. Edwards Deming once said, “A bad system will beat a good person every time.”

This truism can easily be applied to the world of sales. Even the best rep can’t succeed if their sales process is disorganized and chaotic. But how do you upgrade your sales process to be more straightforward and efficient? The answer is a sales CRM process. Customer relationship management software can help streamline the five classic sales process steps:

Prospecting: Identifying the potential customers who might be interested in the product or service you are selling.

Qualifying: Determining the likelihood that a potential client will convert to a sale, and estimating the amount of money that they will close for.

Quoting: Reaching out to a prospect with an offer that includes pricing and terms and conditions, which may spark some back-and-forth negotiations.

Closing: Finalizing the deal and getting the customer to give it their final approval.

Won/Lost: Following through after a sale has been conclusively won or lost. If you won the deal, the final step is talking to the support team to ensure your new customer is well taken care of. If you lost the deal, this stage is for reflecting on what went wrong and deciding whether you should pursue the potential customer again at a later date.

By adding a CRM to your sales process, you’ll save time by automating tedious tasks and quickly pulling rich data insights on your customers—increasing the amount of time reps have for customers and the knowledge to better suit their needs. Here’s how to build a better sales process by utilizing CRM technology every step of the way.

Step 1: Prospecting

Finding multiple prospects is a tall task for a sales rep without some sort of data collection system. With the sales CRM process, you have a tool specifically built to identify your target audience and track prospects.

Most CRMs come with a built-in lead provider feature, which allows users to find prospects based on set lead criteria or enrich current lead profiles to include more data. Without a CRM, this work would take hours of manual research, if not more.

For example, if you want to target a particular company, you could use the “Prospect” option in Zendesk Sell’s Reach feature to uncover a point of contact at a company that you’re hoping to target. There’s also an “Enrich” option you can use to retrieve key details around the company, like company size or market capitalization.

Once you’ve built a list of potential customers, you can give their profiles a “Prospect” status. They’ll now be in your pipeline, and you can update their status as they move their way through the sales funnel.

Step 2: Qualifying

As your sales pipeline fills with leads, you have to make some hard decisions about which ones are worth your time. Adding a CRM to your sales process makes it easier to determine which leads have the highest potential value and should be prioritized as such.

Just use the lead scoring function in your CRM to qualify prospects. This feature works by inputting certain sets of demographic and behavioral information about your leads and assigning specific scores to each to reflect their value. The more a factor aligns with your target customer, the more points it gets.

For example, if most of your high-value, high-converting customers are SMBs in B2B software, you will assign those demographics high lead scores in your CRM. If a prospect embodies those traits in their profile, your CRM will qualify the lead and notify you that the prospect should be pursued.

Step 3: Quoting

Quoting—reaching out to candidates about pricing and terms and conditions—is a crucial stage in the sales cycle. Many deals are won or lost based on how well the negotiating process is handled. It’s imperative that sales reps do everything in their power to win over potential customers when quoting—and without a CRM, they’ll have less information at their fingertips.

Utilizing a CRM allows you to craft a compelling quote that is curated for the prospect. Before reaching out, review all of the customer data stored in your CRM, including demographic details and past interactions. With these insights, you’ll be able to pitch a deal that fits best with their budget and needs. Plus, the more personalized you can make the interaction, the more valued the customer will feel.

You can also use your CRM to set concrete deadlines for sending quotes to ensure that no deal falls through the cracks. Do this by assigning yourself tasks with specified due dates. Check off tasks once they’ve been completed and you’re ready to move on to the next stage. If the customer doesn’t respond, set another reminder with a new deadline, so you don’t forget to follow up.

Step 4: Closing

Getting your prospect to settle on a quote and finalize the agreement can become a protracted process. The sales CRM process also provides you with a better way to estimate and nail the timing on closing a deal.

Data taken from past won and lost deals will help you strategize around the deal you’re currently trying to close. First, use stage duration analysis reports to find out the average amount of time that deals spend in any given stage of the sales pipeline.

If a deal isn’t moving through the sales pipeline at the expected pace, it might be time to course correct. Identify which specific stages are longer than average and brainstorm why that might be the case. Once you’ve identified the root cause, you can address the issue—and, hopefully, close the deal.

Step 5: Won/Lost

The final stage of the sales process is about reflection. Without a tool that captures data and reveals trends, gleaning valuable insights from your successes and failures can be pretty difficult.

Whether you win or lose a deal, a CRM makes it easy for your sales team to understand the outcome and learn from the experience. Analyze relevant reports to determine where the process broke down (or where it went well) and think about how that should inform your sales process for the future. You can also compare important metrics—like average sales cycle and sales velocity—for that specific deal to your average rates to find underlying factors in the outcome.

You may also be able to add a “loss reason” to the deal within your CRM to help your entire sales team learn from the experience. If necessary, follow up with the customer to fully understand why they ultimately said no so you can provide a well-rounded answer.

Be specific about why the deal fell through—maybe the customer preferred a competitor, or decided your product was too expensive. Tracking the most common reasons why prospects fail to convert can be hugely instructional in learning how to improve your sales process.

If you win a new customer, a CRM is also helpful because it enables cross-departmental communication. You, as a sales team member, will be able to easily pass on the new customer’s information to support members so they can be as helpful as possible to the client. The CRM will also identify you as the primary sales point of contact, should support ever need to reach out to you regarding a customer complaint.

Supercharge your sales process with a sales CRM

If your sales process feels inefficient or undisciplined, it’s time to upgrade your system with a CRM. This software automates time-consuming tasks and empowers sales reps with accurate and easily accessible data. With these features, your sales team is equipped to guide more prospects through the sales funnel, from lead to customer.

Zendesk Sell is an excellent platform for building a sales CRM process that automates tasks, leverages data, and expedites sales. Get started with a free trial today.

11 Mar 16:53

How to Use Google Trends

by Ben Olive-Jones

Google Trends is a free tool that provides search data for keywords and topics. A lot of marketers underestimate the value of this tool is because it doesn’t offer the same metrics as other keywords tools, such as impressions and CTR estimates.

Then again, Google Trends isn’t really a keyword tool. It’s more like an interest research tool and it allows you to segment data in a number of powerful ways.

If you’re not sure what Google Trends is, take a look at or articles What is Google Trends? and 8 Google Trends tips for advanced SEO insights, where we explain some of the advanced insights you can get from it.

For today, we’re looking at practical examples of how to use Google Trends to improve your search marketing strategy.

#1: Use Google Trends for strategic planning

You can take insights from Google Trends to create SEO and content strategies that address your audiences’ needs as they change throughout the year. This process involves monitoring the search volumes of key hero terms over different timeframes (days, weeks, months etc) and comparing them to interest levels from previous years to spot patterns and emerging trends.

Let’s imagine a ski resort in Austria wants to target UK holidaymakers as one of its key audiences. Like many businesses, interest is highly seasonal, dependent on the weather and affected by calendar events such as school holidays.

So the first thing this company might do is check how the search volumes for key hero terms vary across the year.

Now, by default, Google Trends returns data for the past 12 months. However, you can easily change this by defining a custom time range, which allows you to compare search volumes for every year going back to 2004.

You can also cross-reference this data by location to see which parts of the country are most interested in your hero terms.

Already, you can see that we’re getting valuable information from Google Trends. But how does this translate into better marketing and business decisions?

Use seasonal data to generate leads throughout the year

Over the past 12 months, search volumes for “skiing in Austria” declined in April and recovered in October, with a peak in late December/early January. As we would expect, interest is highest during the winter months but there are still spikes in interest to work with throughout the year.

People don’t normally wake up one day and decide to book a skiing trip for next week. They plan trips like this over a period of weeks, months or even longer. So the first thing you can do is use this data to predict when bids should be highest on your PPC ads. It’s also important to rank strongly in organic search during these periods because most of your leads are likely to come from people planning for the next winter season.

Target high-intent searches during shoulder seasons

Shoulder seasons are the period between peak and off-season where things generally die down. Lead quantity naturally declines but there are a number of steps you can take to maximise profit during these periods:

  • Adapt your messages: For example, ski resorts will promote off-season activities.
  • Incentivise: Run promotions encouraging people to book now.
  • Targeting: Target high-intent leads that are more likely to convert and require less investment to close.
  • Customer retention: Reach out to existing/former customers and tempt them into making the next purchase.
  • Referrals: Run referral campaigns with existing customers, encouraging them to recommend your business to their friends, family members, colleagues etc.
  • Differentiate: Use seasonal trends data to differentiate your brand and mitigate the negative impact, e.g. all-year-round skiing.

Google Trends will even tell you how to adapt your messages, what kind of incentives work, which high-intent search terms to target and how to discover which interests you can satisfy through differentiation.

#2: Use Google Trends for technical SEO

Now let’s take a look at how to use Google Trends to help with the technical side of things, such as optimising your page titles, meta descriptions and page content to match user interests. A recent study conducted by Ignite Visibility found that meta descriptions have the most influence on which result users click – by a long margin, too.

Relevance is everything here. Users read these previews to decide whether pages will provide the information they’re looking for.

So a clothing brand can turn to Google Trends and type in something along the lines of “womens clothes” and look at the Related topics and Related queries sections to see which items are currently in-demand.

You can then use this data to optimise your meta descriptions to include the most popular items right now and reorder your page content to show the most in-demand items first. Likewise, you might want to change your use of images in the hero sections of pages to reflect current interests.

Taking this even further, there might be some search trends that prompt you to create new pages entirely. Or you could create new category pages that could rank for emerging search trends and possibly even generate site links in your organic listings.

You can get quite granular with this too. For example, you can look at search volumes for the past seven days and compare this with weekly data for the past month, quarter, year and past few years.

You can then identify the days and times of day when interest is strongest, and compare this data with related topics and search queries to gain a more rounded view of what’s inspiring people to type these keywords into Google.

Now, you’re starting to get in-depth search insights. But there comes a point where you’re limited by the data available on Google Trends and the manual workload of comparing data.

Luckily, we can fix this problem.

#3: Use the Google Trends API to extract data

By using the Google Trends API, you can extract data from the platform and play with it how you like. This is precisely what we’ve done with our Apollo Insights platform, which extracts data from Google Trends and search data from dozens of other third-party sources.

This allows us to add Google Trends data into a much larger, comprehensive dataset and compare insights. For example, we can build up a picture of how your brand is performing against industry benchmarks and competitors.

Crucially, Apollo gives us full control over this data so we can work with it quickly.

In the last section, we touched on the idea of segmenting search volumes weekly and comparing results to previous weeks across months or years. It would take a lot of time to extract this data manually from Google Trends before you even analysed, cross-referenced, visualised and then compared it with data from other platforms.

Apollo allows us to do this almost instantly.

Which means we might see random spikes in search volumes and sales for the same products throughout each month. This will prompt us to investigate and find out why this is happening. Sometimes, these spikes might be occurring at different times across the country. Other times, there might be more widespread and, occasionally, almost nationwide peaks of interest.

Time for another look at Google Trends?

Google Trends is a powerful tool in its own right but it really comes alive when you extract its data and integrate it with datasets from other sources. In today’s data-driven marketing environment, this is how you build a 360-degree view of your search marketing performance and spot new opportunities before everyone else.