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03 Nov 14:53

Psychological Hacks for Marketers – Part 2

by Zach Heller

Welcome to the latest installation of our weekly blog series – Psychological Hacks for Marketers. Each week we will introduce a new shortcut that the consumer’s brand takes and how the crafty marketer can take advantage. Last week’s topic was Scarcity.

This week we are discussing:

Confirmation Bias

Confirmation Bias is defined as the tendency for human beings to search for, interpret, favor and recall information in a way that confirms one’s existing beliefs rather than competing or alternative beliefs. We do this because it makes a complex world much simpler to understand. That’s why it can be so hard to change one’s mind.

For marketers, this is an exciting tendency to play with. There are a number of ways we can use this to our advantage to create more effective marketing.

One way to do this is to use clues on your website that keep people motivated as they get closer and closer to checkout. For example, if I come to your site looking for a new jacket and I see a sale on jackets right away, that helps convince me I came to the right place, making it more likely I continue.

Next I narrow down my search and land on the product I’m most interested in. Here you can use product ratings or customer reviews that tell me how much other people like this product, thereby confirming that I am still on the right track.

During the checkout process, which can be multiple steps, you can use a progress bar or some other visual cue that tells me how much effort I’ve already put in and how close I am to the end, making it more likely I will continue versus having to start all over someplace else.

One area where confirmation bias can play a rather large role is in customer loyalty and retention. We are hardwired to continue down the same path we started on. It takes something significant to make us reconsider and change course. But you can use the tools at your disposal to confirm we’ve made the right choice by purchasing from your company.

Tell your customers about the various awards you’ve won, new products you’ve launched, good corporate deeds you’ve done. Share customer success stories and testimonials. Share positive news about the brand.

Whereas these things might not help you recruit new customers, they are all powerful ways to suggest to your past customers that they were smart to choose you. They confirm what we already believe, that we’re intelligent consumers who make the right purchasing decisions.

03 Nov 14:52

Reach ‘Yes’ Successfully: 3 Strategies for Effective Negotiating

by Trevor Outman

Negotiation isn’t just a part of business. It’s a part of life. Every single day, we negotiate to get what we want, whether it’s with a spouse to determine what’s for dinner or with a potential employer to agree on a salary. The process isn’t always fun, which might explain why nearly a third of people are fearful of negotiating.

Yet negotiating is absolutely necessary. Business leaders managing any sort of supply chain, for instance, know that negotiating with shipping carriers is critical to reducing expenses. In my line of work, I have learned a lot about this particular kind of negotiation, and the strategies I’ve found to be most successful can truly be applied to any contract negotiation. Here are a few of the most effective:

1. Invest time in research for healthy dividends. In any negotiation, the upper hand goes to the one with the most knowledge. Knowledge equals leverage. You must be acutely aware of your own needs and anticipate the needs of other parties involved. If you’re adequately prepared, you’re more likely to ask the right questions, propose creative solutions, and be nimble in your thinking.

A lack of research and due diligence is likely to result in inferior pricing. Most shippers fail to take the time to understand the nuances of their unique shipping profiles, which requires a thorough analysis of thousands of lines of invoice data. Consequently, shippers will often negotiate components of their contracts that have little to no effect on reducing their net spends.

One could argue that ignorance is bliss — you won’t ever be aware to the painful fact that you are overpaying. The old adage “if it ain’t broke, don’t fix it” doesn’t apply to vendor pricing and negotiations. Take the time to evaluate and verify that fair pricing has been provided.

2. Leverage competition to procure competitive pricing. Currently, there are only two national private parcel carriers, meaning shippers have little to pull from in regard to competitive options in the marketplace. The most underwhelming parcel pricing agreements are typically in the hands of shippers that have been loyal to one carrier for years, if not decades. In other words, the shipper as a customer most likely never communicated a genuine competitive threat to the incumbent service provider.

Part of leveraging competition effectively is to prepare and coach nonincumbent service providers without revealing your current provider’s prices. When you have options, you don’t have to commit to a deal that produces an unsatisfactory outcome.

The best deals are made when both parties are equally committed to a mutually beneficial solution. This holds true in personal relationships as well as in business. Competition forces improvement: Quality goes up, prices go down, and the market grows to meet the needs of additional consumers.

3. Focus on the negotiation objective. The most successful negotiators focus on the end goal. When negotiating with carriers, this means structuring a level playing field for vendors to propose pricing (analyzing parcel data is one underutilized approach to this). This process can be as formal as sending out a request for proposal that details timelines, deliverables, and expectations, or as informal as arranging a discussion that lays the groundwork for identifying productive conversation versus unproductive dialogue.

Your goal is to create and communicate the priorities for all parties involved. Use a structured format that includes the guiding principles agreed to by all participants at the negotiation’s start.

Getting to ‘Yes’ Faster

Nothing derails a negotiation like emotion or ego. Eliminate language that insinuates fault. For instance, saying “you” followed by a negative statement can be perceived as a personal attack, even if that was not your intent.

Replacing “you” with “we” or “I” will go a long way. For example, instead of “You proposed pricing that is too high, so you won’t earn our business,” try “While we would like to consider a formal partnership, the proposed pricing is too high and prevents us from moving forward.”

You have to keep your own emotions and ego in check. Keep in mind that operating with too much optimism can be just as detrimental as operating from a position of fear. Likewise, avoid appealing to consequences — a tactic closely related to appealing to emotions — and make sure that you prioritize listening over talking.

Finally, remember that negotiators are just people. When trying to reach a deal, strive to separate the people from the problem.

03 Nov 14:51

How To “Price” Your Marketing Content

by Keenan

Have you ever asked yourself how much your marketing content is worth?  You know, the ebooks you create. The infographics you design. The webinars you host.  How much are they worth?

You need to know, because contrary to your beliefs, they have value and your ability to apply the appropriate value matters.

The value of your marketing content isn’t measured in terms of money, but rather by how much information your prospects are willing to give up.

The information you request for a download is the price. Understanding how to price your content is the key to maximizing your content strategy.

To simplify this a bit more, if your submission forms are asking for lots of required information, names phone numbers, company size, title, roles, etc. then that’s a high price for the content. It may be worth it, but know that’s expensive.

On the flip side, if you’re only asking for an email, that’s cheap.

YOUR CONTENT IS NOT FREE – let’s be clear, if you’re asking for any information as a condition of access to your content, your content is not free. The price is the information. The only time content is free, is when prospects can quickly click a button and get without inputting any information.

Don’t Price too High

Now that we understand our content is not free, rule #1 is; Don’t price your content too high. Like the pricing of anything else, value is key. Make sure that know what you’re asking for is worth what your offering.  If you’re offering an infographic on general trends in the industry, asking for a lot of identifying personal and corporate information, may be too expensive and impede the volume of downloads

Too often companies over charge for their content, requesting lots of information for content that’s not worth it.

Don’t over charge for your content.

Don’t Price too low

Like over charging for content, you can under-charge for content. Undercharging for content happens when you don’t ask for enough information for something that is highly valuable. Maybe you’ve completed robust state of the market assessment that can help your prospects plan for their upcoming year.  Only asking for an email is pricing it too low. You don’t want to give away such a valuable piece of content.

Pricing killer content too low can overwhelm your SDR’s, marketing and more with unqualified, unidentified submissions that have little to no lead or opportunity value.

The key is to price right.

Understanding the value of your marketing content and pricing accordingly is key.  It’s not enough to just create content and just throw it out there for everyone at one price fits all.

Consider offering content with varying price points.  Create some truly free content, referring to more expensive content tucked inside. Create inexpensive content that requires little more than a first name and an email address.  Create higher value content that requires identifying information like size of an organization, role, budget, etc. Finally, create expensive content. Expensive content is rich in data, insight, and value. Charge a lot for this content, require insights, identifying information, and even agreements to meet or scheduled appointment.

When we evaluate content through the lens of value and price, it changes the game.  It requires we include price into the conversation. If we’re not getting the downloads or form submissions we want, is it the content or the price? We can no longer simply assume it was bad content, thus poor submissions or valuable content because of tons of form submissions. Price plays a role in conversions and getting the price right matters.

The skinny:
  1. Create content for all prices points, (free, cheap, moderate, expensive)
  2. Be sure the value of the content is consistent with the price
  3. Don’t over charge or under charge
  4. Use varying priced content to drive interest in more expensive content
  5. Continually evaluate your content to make sure the price is still fair
    1. Old out of date content may need to go on sale and only require an email. 😉

 

 

The post How To “Price” Your Marketing Content appeared first on A Sales Guy.

03 Nov 14:51

Thinking Systematically to Solve System Silos

by Gary Katz

marketing systems thinkingTechnology systems are not a silver bullet: as much as they provide a means to efficiently manage the many moving parts that make up marketing, there’s more to your success recipe. In fact, there are two completely different definitions of “systems” necessary to achieve all that your marketing technology promises.

Systems thinking is as essential to your success as any whiz-bang technology system. Yes, just as much, or more! Thinking systemically is about taking a holistic viewpoint. It’s about connecting the dots between related things, ideas, places, people, etc.

To get the most out of your technology investments, think systemically and start with strategy.

Here are a few tips to get started:

  • Systems must align with corporate strategy and roadmaps. Start with C-level priorities and tie marketing technology outcomes to them.
  • Know your stakeholder needs and challenges, so you can create pathways for common goals and uses of overlapping data repositories.
  • Create synergy in the way data is captured and shared across the organization.
  • Develop your data taxonomy – how the data will be organized to generate desired insight and actionability.
  • Inventory your current systems, including what data is collected where, why, and how is it used
  • Determine what systems work with or rely on data from other systems.

Success requires collaboration with your colleagues in IT, Sales, Support, Finance and Legal (and that’s just for starters). Together, you need to dig deep into your organization’s technology silos.

The goal is to create company-wide insights on what information is collected and why, who uses it for what, and how will it be shared. By considering how this knowledge is used you can create a technology system where common data needs can easily be shared and leveraged across multiple organizational groups.

When integrated thoughtfully, marketing technology can empower the marketing organization to work like a well-oiled machine. Imagine having the ability to realize the elusive vision of closed-loop marketing:

  • Standardize work flows
  • Improve productivity by automating most manual tasks
  • Unify data across your entire technology ecosystem
  • Equip regional partners with content that supports both local and corporate needs
  • Reinforce business intelligence and fact-based decision-making
  • Provide insight to align Marketing and Sales efforts
  • Enable agility to quickly respond to market and customer opportunities
  • Measure investment value in Marketing programs, initiatives, portfolios and customer lifetime value
  • Leverage in-depth data on customers, lifecycles and cost of ownership

Done well, the effort yields impressive rewards. Re-engineering your Sales and Marketing technology systems with a holistic view lays the foundation for new levels of marketing accountability, alignment and agility.

CMOs who take the systems thinking reigns are in a strong position to guide strategic direction and demonstrably impact enterprise growth. Carpe diem, fellow CMOs. This is one opportunity you – and your company – can’t afford to miss.

This is second of a 2-part article: see Span Marketing System Silos to Create Competitive Advantage.

Image purchased under license from Shutterstock.

03 Nov 14:50

The Competitive Landscape for Machine Intelligence

by Shivon Zilis
nov16-01-machine

Three years ago, our venture capital firm began studying startups in artificial intelligence. AI felt misunderstood, burdened by expectations from science fiction, and so for the last two years we’ve tried to capture the most-important startups in the space in a one-page landscape. (We prefer the more neutral term “machine intelligence” over “AI.”)

In past years, we heard mostly from startup founders and academics — people who pay attention to early, far-reaching trends in technology. But this year was different. This year we’ve heard more from Fortune 500 executives with questions about machine intelligence than from startup founders.

These executives are asking themselves what to do. Over the past year, machine intelligence has exploded, with $5 billion in venture investment, a few big acquisitions, and hundreds of thousands of people reading our earlier research. As with the internet in the 1990s, executives are realizing that this new technology could change everything, but nobody knows exactly how or when.

If this year’s landscape shows anything, it’s that the impact of machine intelligence is already here. Almost every industry is already being affected, from agriculture to transportation. Every employee can use machine intelligence to become more productive with tools that exist today. Companies have at their disposal, for the first time, the full set of building blocks to begin embedding machine intelligence in their businesses.

And unlike with the internet, where latecomers often bested those who were first to market, the companies that get started immediately with machine intelligence could enjoy a lasting advantage.

So what should the Fortune 500 and other companies be doing to get started?

110216_ZILLIS_ENTERPRISEFUNCTIONS

 

Make Talent More Productive

One way to immediately begin getting the value of machine intelligence is to support your talent with readily available machine intelligence productivity tools. Some of the earliest wins have been productivity tools tuned to specific areas of knowledge work — what we call “Enterprise Functions” in our landscape. With these tools, every employee can get some of the powers previously available only to CEOs.

These tools can aid with monitoring and predicting (e.g., companies like Clari forecasting client-by-client sales to help prioritize deals) and with coaching and training (Textio’s* predictive text-editing platform to help employees write more-effective documents).

Find Entirely New Sources of Data

The next step is to use machine intelligence to realize value from new sources of data, which we highlight in the “Enterprise Intelligence” section of the landscape. These new sources are now accessible because machine intelligence software can rapidly review enormous amounts of data in a way that would have been too difficult and expensive for people to do.

Imagine if you could afford to have someone listen to every audio recording of your salespeople and predict their performance, or have a team look at every satellite image taken from space and determine what macroeconomic indicators could be gleaned from them. These data sources might already be owned by your company (e.g., transcripts of customer service conversations or sensor data predicting outages and required maintenance), or they might be newly available in the outside world (data on the open web providing competitive information).

110216_ZILLIS_ENTERPRISEINTELLIGENCE

 

Rethink How You Build Software

Let’s say you’ve tried some new productivity tools and started to mine new sources of data for insight. The next frontier in capturing machine intelligence’s value is building a lasting competitive advantage based on this new kind of software.

But machine intelligence is not just about better software; it requires entirely new processes and a different mindset. Machine intelligence is a new discipline for managers to learn, one that demands a new class of software talent and a new organizational structure.

Most IT groups think in terms of applications and data. New machine intelligence IT groups will think about applications, data, and models. Think of software as the combination of code, data, and a model. “Model” here means business rules, like rules for approving loans or adjusting power consumption in data centers. In traditional software, programmers created these rules by hand. Today machine intelligence can use data and new algorithms to generate a model too complex for any human programmer to write.

With traditional software, the model changes only when programmers explicitly rewrite it. With machine intelligence, companies can create models that evolve much more regularly, allowing you to build a lasting advantage that strengthens over time as the model “learns.”

Think of these models as narrowly focused employees with great memories and not-so-great social skills — idiot savants. They can predict how best to grow the business, make customers happier, or cut costs. But they’ll often fail miserably if you try to apply them to something new, or, worse, they may degrade invisibly as your business and data change.

All of this means that the discipline of creating machine intelligence software differs from traditional software, and companies need to staff accordingly. Luckily, though finding the right talent may be hard, the tools that developers need to build this software is readily available.

Insight Center

  • The Automation Age
    Sponsored by KPMG
    How robotics and machine learning are changing business.

For the first time, there is a maturing “Stack” (see our landscape) of building blocks that companies can use to practice the new discipline of machine intelligence. Many of these tools are available as free, open-source libraries from technology companies such as Google (TensorFlow), Microsoft (CNTK), or Amazon (DSSTNE). Others make it easier for data scientists to collaborate (see “Data Science”) and manage machine intelligence models (“Machine Learning”).

If your CEO is struggling to answer the question of how machine intelligence will change your industry, take a look at the range of markets in our landscape. The startups in these sections give a sense of how different industries may be altered. Machine intelligence’s first useful applications in an industry tend to use data that previously had lain dormant. Health care is a prime example: We’re seeing predictive models that run on patient data and computer vision that diagnoses disease from medical images and gleans lifesaving insights from genomic data. Next up will be finance, transportation, and agriculture because of the volume of data available and their sheer economic value.

Your company will still need to decide how much to trust these models and how much power to grant them in making business decisions. In some cases the risk of an error will be too great to justify the speed and new capabilities. Your company will also need to decide how often and with how much oversight to revise your models. But the companies that decide to invest in the right models and successfully embed machine intelligence in their organization will improve by default as their models learn from experience.

Economists have long wondered why the so-called computing revolution has failed to deliver productivity gains. Machine intelligence will finally realize computing’s promise. The C-suites and boardrooms that recognize that fact first — and transform their ways of working accordingly — will outrun and outlast their competitors.

*The authors’ fund has invested in this company.

03 Nov 14:49

How to Thrive in Google’s New Mobile Search Index

by Mike Tomita
mobile devices need seo

Author: Mike Tomita

Last month, Google announced that it will be changing the way it evaluates web pages for mobile searches. With more than 3.2 billion people worldwide using the internet regularly and nearly 2.5 billion who do so from a mobile phone, according to data from eMarketer, this could have a huge impact on your brand’s SEO efforts.

In the past, mobile search results were based on the version of your website that’s presented to a user when they visit via a desktop computer. However, many websites have a separate, stripped-down version that’s presented to mobile visitors, so the user experience and value of websites aren’t always consistent even though mobile searches return the same results as the desktop version.

Google’s solution is to split its index of web pages into two parts, one for desktop and one for mobile, to provide the best user experience on each device. Each user’s search results will be dependent on the device they’re browsing from—desktop or mobile. This is a problem for brands who have stripped valuable content from their mobile sites and it may lead to lower search rankings on mobile devices.

Here are three simple steps that you can take to ensure you’re providing a good mobile experience that keeps both your visitors and Google happy:

1. Create a Mobile-Optimized Website

Any concession to mobile users is better than nothing. There are a few ways that you can optimize your existing website for mobile devices.

For instance, you can create a completely separate version of your website for mobile devices. Many times, these are hosted on a subdomain such as http://m.example.com. While this option will require additional web development, it can be done without impacting the desktop version of your website. This is the most common route for getting a mobile site up quickly. Another method is to use responsive design. This will allow your website to match the dimensions of the browser, rearranging the content on a page to fit the available space. This approach provides a good user experience on any device size, but it does require a fair amount of work to implement.

Whatever solution you choose will signal to Google that your website is “mobile-friendly” and deserves a place in the index. From there, it’s just a matter of optimization.

2. Optimize Your Visitor’s Mobile Experience

Now that Google will be viewing your mobile website as a completely self-standing entity, you’ll need to optimize the mobile version of your site in the same manner that you optimize your desktop site. That means you’ll have to work at improving both the user experience and Google search rankings through a mobile-first lens.

From a technical perspective, Google offers a tool that will test your website for mobile-friendliness and offer suggestions for fixing the issues. This is a quick way to identify issues with your mobile website.

Mobile-Friendly Test

In addition, Google’s Search Console provides a good resource for both desktop and mobile issues. Formerly called Google Webmaster Tools, Search Console will show you if Google has detected any errors on your website, alerts you about malware complaints, and gives you insights into how your site appears in Google’s index.

Next, it’s just a matter of optimizing your content. Google doesn’t provide any guidelines on that front, but we can infer that they want more than just a light version of the corresponding desktop page.

3. Don’t Skimp on Content

One of the objectives behind Google’s decision to split their index is to discourage website owners from stripping out valuable information from their websites in order to provide a faster loading site. While both site owners and Google are pursuing the same objective—to provide a good user experience— Google doesn’t think that sacrificing depth of content is the way to achieve it, and neither should you. And now that the mobile version of your website won’t benefit from the content on your desktop version, Google is forcing website owners to make sure that content is available to be crawled by their mobile ranking algorithm.

While this may seem like Google is forcing an additional burden on website owners, they have at least offered somewhat of a solution with their Accelerated Mobile Pages (AMP) project. AMP is a way to speed up the performance of a website, but it comes with a good deal of functionality trade-off. Some site owners have also reported poor performance when it comes to generating ad revenue via AMP pages.

At the end of the day, Google can always be counted on to do what it thinks will provide the best user experience to its end-users. Website owners and businesses that rely on search referral traffic from Google will either adapt and provide that expected experience or tumble down the rankings to make way for others that can. Be one of the sites that adapts!

 


How to Thrive in Google’s New Mobile Search Index was posted at Marketo Marketing Blog - Best Practices and Thought Leadership. | http://blog.marketo.com

The post How to Thrive in Google’s New Mobile Search Index appeared first on Marketo Marketing Blog - Best Practices and Thought Leadership.

03 Nov 14:49

5 Ways to Lead a High-Performing Sales Team

5 Ways to Lead a High-Performing Sales Team

 

Technology makes our lives easier — at least, that’s what it’s supposed to do. But the constant stream of new ad tech and marketing tools sometimes confuses and overwhelms more than it helps. As “The Next Big Thing” changes from one day to the next, sales teams are left to sort through the chaos and discern which tools are valuable and which they can ignore.

 

This tendency is positive to some degree. People are constantly discovering new apps and digital tools, and that exploration is naturally happening online. In fact, online searches are so significant that “spontaneous, discovery-based purchases” drove a 202 percent increase in e-commerce-linked social media sales in 2014.

 

You can’t have a sales practice without understanding how digital discovery trends influence your prospects. But as a sales leader, you must help your team cut through the digital noise and focus on performance. If you can’t, your prospects and customers will look elsewhere.

 

Steer Your Sales Team Toward the Summit

 

Immediacy is essential when it comes to following up with potential targets. Most people don’t have the luxury of time to make decisions, which means once they decide they’re in the market for something, they’re prepared to act quickly.

 

Eighty percent of sales require five follow-ups after initial contact, so you don’t want your team members testing useless platforms when they could be connecting with prospects. The first vendor to act on a prospect’s interest closes the sale 35 percent to 50 percent of the time, and you’re nine times more likely to convert someone if you respond within five minutes.

 

Encouraging consistent, timely contact with a potential target is just one way to put your sales team on an upward trend. Here are five more ways to get out of the digital discovery swamp and lift it into the high-performance headspace:

 

1. Look upstream and downstream. Don’t hand your sales associates a list of prospects and expect them to power through it without context. Instead, give them the information they need to have insightful conversations.

 

Have these prospects bought from you in the past? What are their individual histories with the brand? How can you time and personalize your outreach based on their behavioral patterns? Answer these questions to help your sales team understand where prospects fall in the demand funnel.

 

2. Utilize post-sale data. Teach your sales team to find out what happens once prospects convert. Rather than turn them over to customer support, monitor their post-acquisition experience. Being mindful of the end-to-end process will help you start relationships on the right foot and retain and grow customers and turn them into long-term buyers.


3. Keep an eye on your competition. Identify industry rivals not just from a product perspective, but also from a marketing viewpoint. You know they’re solving the same needs — how are they conveying that message to consumers?

 

Take the time to understand how people search and discover products similar to yours. It can help you shape a more effective sales and marketing strategy.


4. Utilize all forums. Salespeople must be adept at omnichannel communications. As they progress through those five touchpoints, they might use email, text messaging, video conferences, and voice conversations. Track the ways in which your prospects want to buy, and create a frictionless experience by meeting them in those channels. Observe how quickly the conversions happen and which points in the pipeline prove most persuasive.

 

A major wireless carrier, for example, pilots a live video chat feature on its website and streams live product demonstrations online. The thought is that if people can see how a product works there, they’ll be more inclined to buy immediately from the website rather than driving to the physical store.

 

Online chat, too, is increasingly important, as consumers like to be able to ask questions before they finalize their purchases. You need to stay ahead of these trends and incorporate them into your platforms.


5. Time your progression. In today’s on-demand sales climate, you should always be testing ways to trim conversion times. Note how long it takes prospects to move from stage to stage, and then look for opportunities to expedite that process. Because time kills all deals, allowing the five touchpoints to drag on significantly lessens the likelihood of closing the sale.

 

Swiftness and agility are crucial to high-performing sales teams. If you want your team’s numbers to increase, emphasize immediate, personalized, relevant contact. Customers are moving faster than ever when making purchases, and sales representatives must move as quickly to win their business.


Judi Hand
 has served as president and general manager of Revana since 2007. Revana provides leading technology-enabled revenue generation solutions. Judi’s background includes 20 years in sales, operations, and marketing at multiple global firms. She has more than doubled the size of Revana, growing its revenue from $45 million to more than $150 million and increasing profitability by more than 4,600 percent. In addition to the strong financial performance under her leadership, Judi also created a global footprint for Revana’s client base, launching operations in six countries. Combining her strengths in marketing and financial management, she has been responsible for achieving double-digit growth in both sales and profitability.


03 Nov 14:48

Using Buyer Cycles to Optimize Your Content and Increase Conversion

by Kendra Moroz

Use buyer stages to create audience-specific content that converts

To convert readers and viewers into serious buyers, you need to understand your buyer cycle. This includes understanding your customer’s needs and why they turned away from your offerings.

There are many versions a buyer can take, especially cross-industry; however, here are a few universal truths:

  • Every customer goes through some process of identifying a need and considering a solution
  • People can enter or leave your cycle at any point
  • The marketing success you have at each stage depends on how well your content is targeted to that stage

Construct a marketing strategy that focuses on needs

Prior to drafting killer content for each stage in your buyer cycle, it’s important to identify and understand your customers’ needs. Begin by identifying desires, challenges, and what opportunities you have to target those needs. At each stage the customer has a question or need to solve, which means there’s an equivalent content marketing action that can be taken to target that particular stage.

Awareness

Brand discoverability is at the core of the awareness stage. The buyer is becoming aware that a problem exists, and through research, confirms and admits that they do have a need to solve. Just because they’ve discovered a solution while engaging with your content and brand, doesn’t mean it’s the only solution they’ll seek. Within the awareness stage, customers will begin looking for general types of solutions to their problem, crossing over to your competitors.

In this stage, you want to provide content that explains the problem in enough detail, with enough of a targeted messaging that clearly articles how your solution will address their problem better than anything else.

Interest

In the interest stage, your customers are actively interested in how your particular solution, among other competing solutions, addresses their problem and what the potential value proposition and differentiators are. Focus efforts on providing information that is enough to make the customer feel that a further commitment, such as moving to a trial, is worth their effort.

In the Interest phase you are looking to give the buyer a sense of comfort that you cover the minimum requirements while finding the one or two key lightning-rod value items that will convert them.

Content tips for the interest stage:

  • Optimize your blog and email nurture CTAs
  • Continuously A/B test and adjust headlines until they’re performing in moving customers through to the consideration stage
  • Disperse content across multiple channels to boost conversion rates, don’t rely on just one channel to reach your audience
  • Generate content that focuses on specific needs, rather than general, all-encompassing guides

Trial / Consideration

Equipped with info of what solutions you offer, in the consideration phase the customer seeks answers to last questions. Before making a purchase, they’re ensuring no doubts or gaps in their understanding exist. Actions taken by the customer may include signing up for a trial to see key features and functionality or browsing reviews and customer FAQs. The customer is seeking information to confirm they’re making the right decision.

With the buyer actively engaged in the evaluation and decision-making process, you need to deliver content that answers their questions, demonstrates the value of your solution over others, including status quo, and helps to empower them to move to purchase.

Content marketing efforts at the consideration and trial stage should focus on optimization, rather than just general brand awareness. Stay focused on your call-to-actions.

A great example is on welcome e-mails to get started on a trial. Rather than saying, “welcome, we’re happy to have you!” lead with a specific, resonating ask. Here’s an example: “tired of getting the ‘what’s the status of this project’ question over-and-over? Introduce the editorial calendar to your manager and get started with our daily digest project planning notifications!’” Continue to speak to the pain that brought them there, and move them through how your features or services fix that.

Here’s some other questions that might come up:

  • What’s the pricing? Are there discounts?
  • Are there add-on or hidden fees, such as setup costs?
  • Is training included?
  • What type of support is available? Where do I get help?

Conversion / purchase

The purchase stage is where the buyer commits to your solution. Things like purchase pages or terms and services form the kind of content you deliver. The conversion phase should be short and pointed to ensure the customer can swiftly move through to realizing your value offering as quickly as possible.

Content marketing should support the transition from general knowledge to executing on your customers’ needs.

Work with other teams in your organization to ensure the messaging pre-sale follows through to support the customer’s efforts to begin realizing the value of your solution through immediate pro-active support.

Support

The support stage is where your service or success teams begin post-sales onboarding or activation. Content should focus on helping the customer stay on the right path to getting maximum value from your product or service.

Content in this stage includes things like courses, tutorials, milestone e-mails, and customer success check-ins.

Once a customer purchases, the cycle doesn’t end. Upsells, recurring subscriptions, or referrals can still happen. It’s important to ensure your content marketing is transforming customers to advocates.

Loyalty / referral

The ongoing purchase of your product and the fostering of a loyal relationship with your buyer is the final stage before the cycle repeats. Specific to month-to-month or recurring subscription models, continuously re-engaging your audience helps foster an on-going dialogue.

Happy and loyal customers typically make great advocates. Happy customers refer your company to others or bring your solution with them if they join new organizations.

Content to support loyalty can include spotlights stories, testimonials, engaging with reviews, or offering rewards for advocates help.

Final tips for your content marketing strategy

To identify the stages of your own cycle, begin by identifying a problem your customers face as well as the solution you offer that fixes that pain point. Next, identify what actionable next steps the customer can take to become aware of how they can benefit from you.

Shape content that targets and speaks to each stage, but targets everything your audience might need to know. This may include:

  • Content about each level of solution you offer. Perhaps your c-level executives are buying your solution because it provides better goal-tracking analytics, where as your team lead needs a project management view to keep deadlines on track.
  • Content about your support, setup, and post-purchase assistance. Knowing how they’re going to be continuously supported is important for most buyers.
  • Content about the fine print. Don’t forget about the small details that might cause anxiety if not discovered.
03 Nov 14:48

How to Utilize Case Studies to Build Credibility with Your Prospects

by Andrea Willson

When your prospects are on the fence, pondering whether to purchase from your company or a competitor, they’re likely doing thorough research to ensure they’re making the right decision. From a vendor perspective, it’s crunch time. Case studies can be an extremely effective marketing tool at this point in the relationship and can be the tipping point for a prospect considering making a purchase. Developing effective case studies can be great for:

  • Painting a picture for your prospects and showcasing the application of your product or service (beyond listing features and benefits)
  • Demonstrating real results from happy customers
  • Demonstrating ROI

In fact, according to Eccolo Media’s 2014 B2B Technology Content Survey Report, case studies ranked third when asked what types of content buyers evaluate before making a purchase. Demand Gen’s 2016 Content Preferences Survey indicated that 72 percent of respondents said case studies were the most valuable type of content viewed during their decision-making process.

So whether you’ve already established a portfolio of case studies or you’re exploring best practices for the first time, there’s a vast difference between a good case study and a great case study.

Writing an Effective Case Study

Start With a Common Problem

Your case studies should be relatable to a number of your personas—not just the customer you’ve chosen to highlight. What was this particular customer’s pain point? Have other prospects or customers expressed a similar problem? How were they solving the problem prior to working with your company?

Use Relevant and Specific Results

Once you’ve determined which customer story you’ll be highlighting in your case study, identify key metrics that resonate with your personas and real results that your customers experienced. Be specific! Make an impact on your prospects by including impressive results that align with their pain points.

Succinct

While a case study should tell a story, it doesn’t need to be a novel. You should be able to cover the main points in a few pages.

Quotes from the Customer

Include quotes from the customer regarding his or her problem and after seeing the results from utilizing your solution. Try to dig deep and uncover some of the feelings he or she was experiencing to truly resonate with your prospects.

Compelling Design

You’ve gone through all the work of compiling the data and details, so why risk driving your prospects away with a “blah” Word doc? Complement your case study with a compelling design that reflects your organization’s brand, leverages white space, and allows for easy reading. Plus, note that the human brain processes visuals 60,000 times faster than text!

A Call to Action

At this point in the relationship, the prospect is in the decision stage of the buyer’s journey. To keep the prospect engaged and guide him or her toward purchasing, include a call to action (CTA) at the end of the case study guiding the prospect to speak with your team or request a demo.

Leverage Multiple Media Formats

While you’re probably most familiar with case studies formatted as PDFs or on Web pages, not everyone learns or retains information the same way. Here are some ideas to repurpose your case studies to cater to different learning styles:

  • Turn your case study into a video.
  • Record a podcast telling the story (even better if you can record with your customer!).
  • Design an infographic. Emphasize the results in eye-catching illustrations.

Where to Showcase Your Case Study

Once you have a collection of awesome case studies, what’s the best way to use them? Is it enough to just post on your website’s resource center? Check out these key places you should be utilizing your case studies:

Lead Nurturing Emails

You should already be nurturing your prospects toward purchasing with targeted emails, or lead nurturing emails. Create a specific email to fit into your nurturing campaign that highlights the key points of one of your case studies that’s relevant to your prospect’s pain points. To keep the prospect engaged with your website, link to the full resource on your website. This increases the likelihood that he or she will browse around your site and keep your company top of mind. The key to effectively utilizing your case studies in lead nurturing emails is to ensure they’re applicable. A case study that’s irrelevant to your prospect is useless and could actually turn the prospect away if he or she feels his or her unique needs are being ignored.

Blog CTAs

Adding end-of-post CTAs on your blog articles to drive readers to your content is an excellent marketing strategy for converting leads. This same strategy can be applied to showcasing your case studies. Create a CTA promoting your case study that’s directly relevant to the blog topic. In the example below, TransLoc, a transit tech company, published a blog post titled 6 Questions to Ask Before Your Campus Invests in Real-Time Bus Tracking.

utilize case study in blog cta

At the end of the article, the reader is presented with a CTA encouraging him or her to download a case study on a transit company that increased ridership by implementing TransLoc’s real-time bus tracking software.

utilize case study in blog cta

Keep in mind that showing a case study to someone who is new to your blog or company may scare him or her away. He or she first needs to become familiar with you before learning about how your solution can potentially help solve his or her problem. A great way to ensure you’re only showing case-study CTAs to prospects or individuals who have engaged with your organization before is to use Smart CTAs. This function (available on most marketing automation software platforms) allows you to display different CTAs based on specific rules you define.

Equip Your Sales Team

When a prospect is handed off to your sales team, a case study can be an excellent tool for storytelling, BUT it’s important to consider the risk of bombarding your prospects with the same content. If a certain case study is used in lead nurturing emails that your prospects are receiving, ensure it’s not used by your sales team as well. Prospects will grow tired of seeing the same piece of content.

Specific Case-Studies Page

Sometimes leads will come to your website and know exactly what they’re looking for. They want to see how one of your products or services can solve their particular problem. Creating a separate section or page in your website resource center, dedicated to case studies, can help those leads find what they’re looking for, faster. Bonus: Title or tag the case study with a description that’s specific to the applicable pain point that your personas experience.

Take a look at how these companies are promoting their case-studies page on their site:

HubSpot houses its case studies under the Software tab within Resources.

hubspot utilize case studies

On our website, we added a link right in our top navigation to ensure case studies are easily found:

how smartbug utilizes case studies

Red Hat also puts its link in the top navigation, but refers to its case studies as Success Stories.

red hat case studies

Sold on the benefits of developing case studies that align with your prospects’ needs? Great! But remember: Case studies should be accompanied by other resources and should be built into your overall marketing strategy. In order to turn visitors into leads, leads into prospects, and prospects into customers, you’ll need content for each stage of the buyer’s journey.

Where have you found success showcasing a case study?

03 Nov 14:48

The Perfect Close – Book Review

by Tibor Shanto

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Years ago, I read a stat that suggested most sales people do not read even one sales book a year, and that was before access to sales blogs and curators of blogs, and a host of other sources (of dubious quality). While some may put this off to laziness, it may also be that the “consumer”, here sales people, are more discerning than given credit, and realize that many of the books they ignore are indeed worth ignoring. Like many of their buyers, the discerning seller has grown weary of advice, observations and untested theory, from talking heads who not sold anything in years but their books. Sellers are looking for real world, practical executable insights, by real world practitioner. Which brings us to in The Perfect Close: The Secret to Closing Sales, by James Muir.

the-perfect-closeDon’t let the title fool you, this is not a book full of closing tricks like the Ben Franklin Close or The Columbo Close. It is a straight forward means and process that sellers of all products can implement, without having to resort to pressure or tricks. It focuses on moving the sale from stage to stage in a practical manner, and involves two questions. It can be put into practice by both seasoned veterans of the trade or new comers. The central reason for that is the author, and the fact that he spends his days in the real sales world.

James Muir is a professional sales trainer, author, speaker and coach, who has excelled both as a front line sales rep, and manager, shattering records in the process. One thing all successful people have said, is to model yourself after the most successful in the field. That is you opportunity with James and The Perfect Close. His guidance comes from experience and the school of hard knocks. James has an 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. Three decades of not just experience, but success, has given James a fresh and practical perspective on what works in real-life and what doesn’t. And now you can benefit directly from that in this book.

The Perfect Close represents the tested and proven best practices for winning in today’s competitive sales world. It picks up where many others leave off. It is easy to say that “traditional” closing techniques do not work and can harm your efforts, James outlines an alternative that works, one that makes your buyer feel educated when buying from you, see you as a true facilitator and consultant, and allow you remain on emotionally higher ground. The bonus is that the approach is a proven and repeatable process for advancing sales that can be used in any kind of sale at any given stage. All this will allow you to close more business, usually in a shorter timeframe.

Beyond the very practical advice and a practical path to execution, the book has something many of the pre-fab pundit produced books lack, passion. James’ passion for sales and helping others sell better comes through in every chapter. This makes it easy for the reader to absorb the solid methods presented. Don’t let the title fool you, this is not a gimmicky close book, it is about the steps sales professionals must take, right from the start, and along the way to win more customers. James outlines the steps it takes to win no matter what you sell, or how long you have been selling. He introduces the “why”, the “what”, and the “how” for each step along the journey. This book is fun to read. You’ll find yourself revisiting elements, each time improving your execution. Buy this book for yourself, your team, and if you have a friend who sells that you would like to see do better. Don’t take my word for it, buy it, read it, enjoy it, implement it, and profit from it!

Become one of the thousands of sales professionals receiving my latest updates on sales execution, tools, tips and more.

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The post The Perfect Close – Book Review appeared first on Renbor Sales Solutions Inc..

03 Nov 14:47

How to Stop Losing Deals at the Front End of the Sales Funnel

How to Stop Losing Deals at the Front End of the Sales Funnel 

What if I told you that your B2B sales organization was losing lots of good sales opportunities before they even had come in the door? Many B2B sales teams focus on getting more sales leads and closing deals, but they don’t pay enough attention to what happens with the new inbound sales leads that are already making contact with the company. This is a big mistake that is surprisingly costly, but also surprisingly easy to fix! The answer: your company needs to get better at qualifying your inbound sales leads. 

According to statistics from Hubspot, the problem of neglecting to qualify new sales leads is surprisingly widespread:

  • Only 56% of B2B sales organizations make any effort to verify valid business leads before passing the leads on to Sales.
  • 61% of B2B organizations send all new leads directly to the Sales team, but only 27% of these leads are actually qualified.
  • 79% of B2B marketers have no established process for scoring or ranking their new leads. 

This is insane, right? After all, B2B companies spend lots of money on advertising and marketing and lead generation to find new prospects and motivate new prospective customers to call. But once they get these new prospects on the phone or start to receive email inquiries, many B2B companies are just acting bizarrely passive – by being indiscriminate in waving all new leads through to the sales team, they’re letting good leads get buried in clutter and letting other good leads fall through the cracks. 

Here’s what your company should do instead: 

Create a Consistent Intake Process 

What happens when a new prospective customer calls or contacts your company for the first time? Who answers the phone and what do they say? Many companies don’t have a standard process in place, and this is a mistake. You need to have a clear order of steps to bring a new lead into the company – starting with that first phone conversation or email exchange. For example, is your receptionist trained in how to talk to new sales leads? They often need more careful handling than just a random everyday phone conversation. Do you have a standard email to send in response to new inquiries, with a simple intake questionnaire and sales literature to share with the new prospect? And do you have a tracking system in place to formally start to take notes on the customer relationship? All of these things need to be in place to start getting the most out of your sales leads. 

Ask Pre-Qualifying Questions

When you get contacted by a new prospect, you need to start learning about them and asking good questions to uncover their needs and pain points. For example:

  • Why did you decide to contact us?
  • What are some of the issues you’re experiencing with your current solution or vendor?
  • How soon do you think you might want to make a purchase decision?

These three questions are simple, but open-ended – they will help you uncover more details about your prospect, their business needs, and their level of urgency to buy.

Rank Your Sales Leads

Not all sales leads are the same. Some people are very eager to buy and are already well-informed about your solutions; others are not very serious buyers or are just beginning to do research and kick the tires on a new purchase. Your pre-qualifying stage needs to help give you some insights into which leads are which, and then rank and sort them accordingly. Rank your leads on a simple basis of priority – such as “A, B, and C.” Then you can follow up with the A leads first, and leave the lower-priority leads for longer-term lead nurturing and follow-up. 

Don’t overwhelm your sales team with a deluge of unsorted sales leads: this creates clutter and wastes time, because sales people get stuck chasing too many bad leads and missing out on the good ones. With that in mind, by conducting careful lead qualifying and ranking, your B2B sales organization can get better at identifying the most promising business opportunities and focusing your effort in the right places – and this will help you achieve better sales results.

Gregg Schwartz is the vice president of sales and marketing at Strategic Sales & Marketing, a lead-generation firm based in Connecticut. His company helps technology companies and various startups and small-to-mid-size businesses in the business-to-business sales category generate sales leads and improve their sales processes.

03 Nov 14:47

How to Solve the Challenges of Managing a Remote B2B Sales Team

by Jasmine Bosch

optimized-20150814180248-city-view-traveling-office-work-morningLast year’s Global Leadership Summit predicted that more than half of all employees will work remotely by 2020. For companies used to having a centralized sales force, the move to a remote structure and organizational design has presented sales leaders and their front-line managers unique challenges. Here, we discuss the key challenges of managing a remote sales team and provide actionable solutions to overcome them.

Research has shown that employees and business leaders adapt differently to remote work. Because of this difference in perspective, challenges inevitably arise. As a sales leader, your ability to manage and solve the problems of a remote team can be the difference between a cohesive team that consistently makes their numbers, and one that is isolated and disjointed.

This article breaks down the most common challenges that emerge when managing a remote sales team – and provides solutions on how to solve them.

Challenge: Lack of Face-to-Face Communication

When you have a remote team, the critical processes of trust and rapport building can be weakened or not developed at all.  Because the primary mode of communication in a remote sales team isn’t face to face, you need to plan ahead to develop trust and rapport. Ideally, this will happen early in the relationship with your sales team – whether or not you’ve inherited a remote sales team, or are in the process of building one.

Solution 1: Make distance a chance to prove you trust your team

Forum’s recent Global Leadership Pulse survey revealed that trust has a direct impact on the engagement levels of remote teams. Great sales managers turn the autonomy that flexible, remote work has to offer into a chance to show your team you trust them with certain responsibilities and tasks. This leaves your sales reps feeling empowered, engaged and connected – despite the distance.

Solution 2: Learn how to read between the lines

Great remote sales leaders need to be highly perceptive and attuned to the emotional cues you receive from your remote reps. This means you need to learn how to spot potential or existing problems from a distance.

Rely on effective questioning techniques, such as:

  • Open ended questions (require elaboration and cannot be answered yes or no)
  • Funnel questions (begin general and ask for more specific detail with each answer)
  • Probing questions (asking for examples, asking why, asking for clarification)

You will also need to rely on active listening skills, and look for any change in pitch, tone, or pace of exchange in your conversations to identify possible issues. 

2016-11-02

Challenge: Employee Isolation

Research from the Journal of Personal Selling & Sales Management explains that workplace isolation is one of the most critical issues facing remote employees. The results of the study suggest that perceptions of workplace isolation negatively effect trust in supervisors and coworkers for employees.

Solution 1: Make check-ins informal

A practical way to make remote salespeople feel engaged with you as their manager is to eliminate the formality of weekly or daily updates and reviews. Rely on video and teleconferencing, or even text messaging to communicate with your team. The more frequent and less formal, the better.

While it’s still important to schedule formal one on one meetings to review results, pipeline, and activity if necessary, having frequent, less formal check ins in addition to formal meetings is a key way to prevent employee isolation.

Solution 2: Focus more on each individual  

With remote employees, trust replaces the traditional structures of hierarchy and control in a physical workplace setting. Build trust with your team, and facilitate trust building between your team members. To do this, you need to connect more on an individual level with each member of your team. Find a commonality or shared interest.

You can’t always talk about work with remote team. Spend some time focusing on the individual to keep them feeling connected and engaged.

Solution 3: Prioritize in-person interactions

The most successful managers of remote sales teams report that face-to-face forums, conferences, workshops and get-togethers are planned well in advance, and happen regularly. Such in person meetings provide opportunities for remote employees to interact professionally and socially with the people they work with. This creates a foundation in the team dynamic that facilitates trust and team rapport.              

You can start with an annual meeting at the headquarters of your company, and have the meeting structured well in advance. Use the time to provide in-person coaching and guidance, and allot enough time for socializing and developing personal rapport.

You are the best judge for how often your team needs to be together in person. If you want to meet more frequently, choose a sales conference to attend together. Plan this into your budget so it’s feasible for your team to attend.

unnamed-1

Challenge: Sustaining Employee Engagement

In the same study conducted by the Journal of Personal Selling and Sales Management, organizational commitment and employee engagement is shown to be positively correlated to salesperson job performance. Measuring employee engagement can be a challenge with remote employees. This is because you lack the face-to-face interaction that traditionally allows managers to assess employee commitment to their roles and the organization. According to a report by Gallup, there are three ways to accelerate employee engagement:

Employees who are engaged in their jobs are generally in better health and have healthier habits than employees who are not engaged or are actively disengaged.

-Gallup Report on Employee Engagement

Solution 1: Select the right people

The first line of defense in keeping remote employees engaged is to prevent the problem from arising in the first place. 

As much as possible, ensure you are hiring individuals who are enterprising, driven, and able to work independently. While any sales role will require these characteristics to a degree, the amount of independent work required by a remote employee makes possessing these traits significantly more important.

Solution 2: Develop Employee Strengths

HBR reports that developing employee strengths is far more effective to boosting both sales and overall job performance than trying to improve weaknesses. Have your team take the Clifton StrengthsFinder assessment, and develop the strengths of your team based on their results. When your sales reps feel empowered, confident in their ability to perform, and supported in their roles, their engagement levels will remain buoyant, even as they face adversity.

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Solution 3: Elevate Employee Well-Being

Gallup research found that when an organization increases employee engagement and well-being, it pays off in terms of lowering medical costs and accelerating important performance outcomes.

2016-11-02

As a sales leader, you need to be highly proactive when managing engagement levels of remote reps. Work with HR to improve employee engagement that is specific to a remote work environment. One way to do this is to actually ask your remote employees what would increase their sense of well-being. This emphasizes your proactive leadership style and you learn what well-being means to your team.

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Challenge: Employees Feel Invisible

The best sales leaders recognize that they are working with an array of personality types. Salespeople who have high needs for recognition may struggle more as remote workers. This is because they may feel they have to do more work to get recognized compared to in-office reps. For reps with high needs for recognition, a lack of acknowledgement can make them feel invisible.

Solution 1: Be vocal about individual and team contributions

As a remote manager, actively and consistently vocalize team wins and individual performances during team meetings and teleconferencing. This is a crucial way to make remote reps feel seen by their team and recognized by leadership.

Take the time to mention when team members upsell an existing account, close a sale, or hit their quarterly targets. For reps who thrive off recognition, these simple acknowledgements lead to higher rates of employee engagement, which leads to higher job productivity and performance, according to this research.

Solution 2: Advertise your accessibility

Make it clear to your team via a shared calendar or team project management board when you are available. This sets clear guidelines for how and when you will respond to phone calls, e-mails, or texts. Suzanne La Forgia, VP of Ad Sales for Captivate, explains that when you are managing a remote team, having reps who feel like they can reach out to you in any given circumstance is crucial for leading a top producing team.

“Across time zones, you can’t operate in a 9-5”

-Suzanne La Forgia, VP Ad Sales, Captivate

Solution 3: Be a supportive leader

Remote managers need to do better than traditional managers at demonstrating supportive leadership. This is because how leaders handle remote employees has been shown to be a good predictor of employee job satisfaction, commitment level, performance, and turnover intentions.

Supportive leadership is more crucial in remote teams because so much more of your team functionality and performance relies on trust. To make your numbers with a remote team, demonstrate high levels of support in your leadership style. This goes beyond weekly check-ins, and includes encouraging your team to take risks in developing new selling approaches, allowing for failure in new prospecting or selling techniques, or supporting them in personal goals they have outside of work.

Solution 4: Create a community where your team can interact

Integrate a technology that addresses the unique challenges of remote work. Creating a communal online space for your team to gather may help eliminate the anxieties remote reps feel due to a lack of visibility. It can include:

  • Information on each employee that includes personal information like hobbies, favorite activities, personal goals, etc.
  • Areas of expertise of each employee
  • Common interest area: recipes, fitness plans, playlists, photo sharing, etc.
  • A section for frequently asked questions that addresses the issues related to remote work and how these issues can be resolved
  • An informal chat space (i.e. virtual water cooler)

unnamed-3

Remote Management Means Being a Proactive Leader

Managing your remote salesforce is not unlike managing an in-office team, but requires a heavier emphasis on trust building, creative and frequent communication, implementing team processes, and using technology to connect. As the manager of a remote sales force, be proactive and supportive in your leadership to get the best engagement and performance out of your remote reps.

Want more? Visit the Peak Sales Blog for everything you want to know about building a top performing sales team, from How to Close Your Top Sales Candidate, to conducting Faster, Better, Sales Onboarding.

The post How to Solve the Challenges of Managing a Remote B2B Sales Team appeared first on Peak Sales Recruiting.

03 Nov 14:47

Avoid These 4 Deadly Startup Myths If Want To Succeed

by Siya Carla

“Build it, and they will come” – for reasons unknown, overnight startup success has become the most believable in the utopia of the modern age. Certainly, the idea of putting our thoughts into actions and releasing them straight into the market where they will be instantly accepted, liked and paid for sounds like food for all of our capitalistic hopes. If to that we add the irresistible jellies allure of independent freelancing, digital nomadism and virtual co-working spaces, the startup story suddenly becomes a bit too good to be true.

As ambition often goes hand in hand with a short-sighted perception of goals, means and methods, more gullible visionaries continue to jump the ride each new day, only to discover that, without hard work and a lot of time, effort and devotion, it leads to a dead end.

Luckily for those, plenty of startup myths have already been busted; this is our advice on the 5 most common ones.

startup-myths

Start Fresh, Ingenious & Quirky

Whenever in doubt, think of China – “copy and improve” has been their golden ticket to the global marketplace for decades, and it’s still as shiny and cashable as ever. Experts might claim that entrepreneuring is all about fresh, ingenious and quirky startup ideas, but in practise, it rarely is. Two of the biggest brands of today, Facebook and Google, were nothing innovative when they first launched, which is a good enough argument for our thesis.

Instead of brainstorming a cultural revolution, find something the audience won’t be able to refuse, do some polishing until it becomes a better, sleeker and more popular version of the original, present it in a practical and gripping brand package, and stick to it to the end.

start-fresh

Pitch Perfect

Opposing those impatient enough to think and analyse before they jump are those too indecisive to jump at all; both are, however, pretty unlikely to succeed in the startup world. The “It’s not the right time”, “I’m waiting for inspiration” and “I’m still working on the plan” people are the main culprits of the second startup myth you should definitely avoid – the insecurity of a marketplace that demands utmost perfectionism in all kinds of business undertakings.

A fool proof business plan, if there’s such thing at all, will certainly launch you to the top. The only problem is, such a business plan would demand way too much money, time and intellectual exertion. Instead of fixating on the tiniest of details, focus on strategies developed especially for this kind of businesses. In less words, work with your good judgment and lean on your creativity and your audience’s feedback. Like always, work and improve is the greatest approach to potentially risky feats.

pitch-perfect

Through Hardships to the Stars, All by Yourself

We all have that one entrepreneur friend who captions his business vacation photos with a tacky “Like a Boss” inscription. As the modern day obsession with our work-life balance continues to grow, being your own boss seems like a career move worth exploring. We might not need high-end experts to rebrand our ideas or polish our landing pages, but we certainly need them to do our math.

If not with expensive analysts, don’t be naïve enough to presume that consultation with a mentor figure is not necessary. The business world asks for a lot of experience and the same amount of connections – not to mention that marketing, product development and sales are not skills obtainable overnight – which is why having an advisor on your startup team is definitely a must.

like-a-boss

Tweet It and the Magic Will Happen

Whatever the niche, newcomers will always be in great need of marketing optimization. Nobody pays attention to business cards anymore, and the spoken word travels less far than the digital one. And, if anything is certain about modern customer behaviour, it’s a fact that all the searching and browsing, as well as a significant part of shopping, is done in the online environment. It may not demand any particular kind of expertise, but social media campaigning is not to be taken lightly.

The first thing you need to understand is that you will not have the capacity nor the time to create engaging content and post, tweet, share and snap it all by yourself. “The more channels, the merrier the marketer” is one of the principles of digital branding and advertising, but such an undertaking is a job on its own. Instead of wasting hours on potentially pointless clicks, do your research carefully and build a strategy that will serve your specific niche needs most efficiently.

tweet-it-up

Naturally, startup success is not entirely a children’s tale – if launched in a way that honours the thin line between expectations and reality, your new business has a great chance of living happily ever after.

03 Nov 14:47

Why Your B2B Should Be (Not Only) Doing Inbound Marketing

by Chris Hawkins

Last year, we lost a client to the marketing hot tub time machine. They didn’t quite go back to the ‘80s, but in Internet years, it may as well have been.

They abandoned their inbound marketing. This is the one program that got them more visitors, leads and page one rankings than ever before. It’s also the one that paid for our services many times over with resulting sales.

It wasn’t anything we did or didn’t do. The CEO brought in a new executive who had other ideas about how to grow the business. Unfortunately for us and them, inbound didn’t make the cut. Since then, they’ve pulled the plug on all things inbound and are trying to develop a partner program.

Maybe this decision will pay off for them. But here’s why it might not.

There is NO Magic Bullet!

Remember when your company relied on referrals to grow the business. “Endless referrals” is a great concept, but you’re not going to grow your business on this alone. The number one reason I hear, from marketing executives and business owners, about why they’re interested in inbound marketing is: “my referrals have dried up.”

The same premise is true with inbound. It’s still new to a lot of businesses. It gets results, but it’s the not the only thing you should have in your tool box. Just as you shouldn’t rely solely on outbound tactics such as cold calling, purchased email lists, tradeshows, et al.

I also wouldn’t trust a partner, reseller or affiliate program to do the majority of the work for you. Why would you put your company’s fate in the hands of people who don’t work directly for you? And, offering companies the opportunity to resell your awesome solution is not enough. Resellers have many vendors competing for their attention—they’re going to go with the ones who can offer them more (qualified leads, educational content, social presence) than just margins.

Instead, build your partner program in conjunction with inbound marketing and outbound tactics so they all complement each other, and work harder for you as a team. The many ways to do this are the topic for another post (or 5).

In a Demand Metric survey of primarily SMB B2Bs, 84% agreed that both inbound and outbound together drove the business. Further that both approaches produced nearly the same annual revenue.

Annual Revenue from Inbound and Outbound

If You Believe the Internet is Dead (please bounce now)

I recently asked my 11-year-old nephew if he could imagine what it would be like without the Internet. He looked at me like I offered him a Tab, then smiled and said, “No!” It was rhetorical of course. I remember working in those simpler, pre-Internet times (do you?).

Now, I can’t imagine doing business without looking at a bright screen, tapping the keyboard and subconsciously analyzing every website I come across.

No doubt in 30, 40, or 50 years, we will be doing business differently than we are now. But in the meantime, no amount of trade shows, cold calls, radio ads, commercials, and reselling partners can alone grow a B2B business year after year.

That’s not the world we live in.

The long forgotten “Roaring 20s” President Calvin Coolidge once said, “The business of the American people is business.” I say the Internet is the business of the American people.

Closing a B2B sale still requires (usually) a breathing salesperson, but there’s a lot that happens behind the scenes before they even utter a word to a prospect: like research.

The studies vary on research but let’s just say that before a prospect becomes a buyer, they’re hitting Google. And to be found is to be given an opportunity you wouldn’t have had otherwise. Why not earn that opportunity.

If you haven’t invested in a content marketing and SEO strategy, buyer personas, lead generation, blogging, social media, a marketing automation platform and other essential aspects of inbound, you’re missing out on the business of the American people.

Coda

Around the same time we lost this client, a new client came on board. Ironically, this client has roughly the same sales model and is also in a B2B technology vertical. They have a partner program and also know that a competitive online presence is just as important. They get that going back in time is no strategy for the future of their business.

Don

03 Nov 14:47

10 Reasons Social Selling Is Failing

by Anthony Iannarino

Social Selling isn’t living up to its promise. Those promises have been exaggerated and oversold. Social selling is failing.

  1. Lack of Content: Your social selling program isn’t going to work without content. You may want to make noise on the social channels, and you may want attention. You can’t have attention without content. Salespeople without content are unarmed.
  2. Link Bait Content Isn’t Content: You see some social gurus and sales experts writing provocative content. If it’s not link bait, it’s comment bait designed to drive engagement simply by being provocative. If you want attention from your peer group, you’ll get it. You are not, however, gaining engaged prospects.
  3. Content Doesn’t Compel Change: Infographics are really neat. So are inspirational images. And quotes. But they do absolutely nothing to explain to your dream client what’s going on in their world, why they are plagued with dissonance, and why they should change.
  4. Too Great a Reliance on Content to Drive Leads: Content marketing is not going to generate enough leads for you to make your number unless you are the rare exception,  a thought leader with an earned following. Inbound marketing isn’t supposed to provide you with 100 percent of your leads, plus the amount you need to make your number.
  5. Too Much Faith That Connecting Is Enough: You need to open relationships. You can do that on the social web. The barrier for someone to accept your LinkedIn connection request might now be lower than a friend request on Facebook. Prospecting means asking for a meeting.
  6. Too Much Time Spent on Social Channels: It is a complete and utter Time suck. Perhaps the greatest time suck and distraction in the history of mankind, approaching levels that exceed television. It is critical that you use the tools. And then it is critical that you set the tools down and do the work you really need to do. If you believe social is urgent and important, you are making a mistake.
  7. Belief That Social Replaces Traditional Approaches: Social fails when it is used as a replacement for the traditional approaches. You InMail isn’t prospecting. It is approaching  spammy.
  8. Activities Are Not Strategic: Sharing other people’s content is great. Liking and commenting is great, too. Posting status updates can be a great way to share with people you are connected to on social. It just isn’t strategic. If what you are doing doesn’t create value for your prospects and clients, it’s not strategic.
  9. Lack of an Integrated Approach and Campaigns: What story are you telling with what you publish and share? What is the end goal? How is it aligned with a campaign that is a tailored message designed to move your dream clients to a place where they are willing and interested in engaging in a conversation around change?
  10. Shift in Platforms Away from B2B: Name all the great social platforms for B2B? If you named SnapChat, you’re just being funny. If you said Instagram, you’re teasing me. LinkedIn is the only platform for professionals, and it looks more like Facebook every day.

If salespeople and sales organization are going to use the social tools to generate sales, we’re going to have to do a whole lot better.

The post 10 Reasons Social Selling Is Failing appeared first on The Sales Blog.

03 Nov 14:46

4 LinkedIn Tips for Better Prospecting

by JoAnne Funch
jf-linkedin-prospecting-tips-600

Wondering how LinkedIn can help you generate and connect with leads? Want to manage your LinkedIn prospects more effectively? LinkedIn is the go-to social platform for generating leads and building trust with your ideal prospects. In this article, you’ll discover four tips to help you get more out of your LinkedIn sales efforts. #1: Join LinkedIn ProFinder: [...]

This post 4 LinkedIn Tips for Better Prospecting first appeared on .
- Your Guide to the Social Media Jungle

02 Nov 16:07

Ruling the Sales Development Field {Video}

by Keith Zadig

We’ve compared Sales Development Reps to card sharks on the blackjack table, astronauts launching into space, and even the infamous sales scientist from back in the early days of SalesLoft. But the analogy we just can’t help but continue to make: SDRs are the athletes ruling the landscape of the sales development field.

From the constant drilling of practice, to statistic-driven competition, sales is just a game of will that only gets better with determination, man-hours, and some good old fashioned teamwork. In fact, as a sales rep, either SDR or Account Executive, you can run the gamut on tips and tricks to become a better rep. But when it comes to becoming the all-star sales team player, the most effective tool is right next to you on the sales development field: your team.

That’s why Pete Whittingslow, SalesLoft Sales Development Rep and former professional baseball player, is here on today’s episode of SDR TV’s Sales Tips to share some of the ways he channels his days of athletics in his every day sales process. Watch the video below to get Pete’s personal tips when it comes to being the top draft pick on the sales development field:

 

Video Transcript:

What’s up, everyone! Pete here from SalesLoft. Today I wanted to talk to you about the sport of sales. Before I started my career here at SalesLoft, I had a very long background in baseball and sports, for that matter. I wanted to share a few tips and things I’ve learned along the way in my sports background that has translated to sales success.

Alright, so you’ve heard the old saying, practice makes perfect. Well, I know when I was in my baseball career
we practiced every single day that wasn’t game day, because we were always trying to improve and get a little better, so when it was game day we were ready to execute and win.

We have the same concept here at SalesLoft. We’re constantly call coaching, going over scripts, collaborating together as a team. So even though it might always be game day in sales, you’re still finding the time to practice and prepare yourself to win.

Keep the right stats. When I was pitching as a ball player, I would always keep up with my ERA and how many walks I was allowing per nine innings, and I knew if I hit my goals in those two stats my win-loss total would take care of itself. The same applies in sales. We all have that quota to hit, that number to get to.

Rather than just focus on that, look at things you can control like what is your conversion rate from conversation to scheduled appointment, and how many calls are you making per day? These are stats that you can track daily that will help you get to that number that you’re reaching at the end of the month.

Teamwork makes the dream work. In baseball I was one of nine individual contributors, but we always had a team first mindset and were always collaborating, helping, pushing each other towards that goal as one unit to reach that championship.

You follow the same script in sales like we do here at SalesLoft where a few of our core values are positive, supportive, self-starting. I make sure to implement those every day. So while I do have my individual
metrics I need to get to, it’s so much more fulfilling to be able to work as a team and collaborate and reach these goals together.

Thanks for checking out today’s video. I hope it was helpful and brought value to your day. Make sure to check out the new website as well. We’re always pushing out new content and would love to get your feedback. As always, happy lofting!

Download your free copy today and start getting the most out of Salesforce as a Sales Development Rep. Just few small tweaks to your process can turn a CRM like Salesforce into your secret weapon for customer acquisition.

salesforce-for-SDRs-CTA

The post Ruling the Sales Development Field {Video} appeared first on SalesLoft.

02 Nov 16:06

Here's the exact thank-you email to send after someone does you a professional favor

by Libby Kane

the office hug

Your mom was right: Everyone appreciates a thank-you note.

Nowadays, that note is less "tortured compliments for Grandma about the hand-knitted hat" and more "genuinely appreciative email to an acquaintance who scored you a job interview."

"It makes people feel warm and fuzzy inside to know they have helped someone," writes Jocelyn Glei, author of "Unsubscribe: How to Kill Email Anxiety, Avoid Distractions, and Get Real Work Done." "... It also makes them more likely to help you or someone else again next time."

Plus, a thank-you note is just polite. Think about the last time you hooked up a work contact with a meeting or covered for a colleague on a big project: Isn't it nice to have your effort recognized? And if, for instance, you helped someone secure a job interview, don't you want to know how it turned out?

You don't need to write an essay to express your gratitude. Glei provides the following scripts:

Hi Carla — Thank you so much for taking the time to review my bio and offer detailed feedback. I just posted the revised version on my website, and I feel much more confident pitching new clients now. I owe you one!

Or:

Hi Mark — We've been getting tons of positive feedback on the new responsive website you coded for us. Traffic is up 50% on mobile! We could never have done it without you. Much appreciation for all of your great work on the project.

SEE ALSO: A CEO who was drowning in hundreds of emails per day explains his favorite trick to get them under control

Join the conversation about this story »

NOW WATCH: Starting your day with a power hour can massively increase your productivity

02 Nov 16:02

A novel way to make Canada’s electrical grid cleaner and cheaper

by Dan Woynillowicz
Electrical power lines and pylon

(Ezra Bailey/Getty)

“Climate Leaders Don’t Build Pipelines” read the banner hoisted by protesters on Parliament Hill last week.

The protest—which led to the detention and citation of 99 people—was aimed at raising the profile of upcoming federal decisions on pipeline proposals.

It worked as intended, generating plenty of debate about what we should not build in Canada. But while that is a crucial national conversation, the heated pipeline debate sometimes means we pay a lot less attention to the kinds of things we should build in Canada if we’re serious about reducing carbon emissions.

So what should we build to accelerate clean growth in Canada? It’s actually another kind of line: power lines. More specifically, interprovincial power lines to optimize our electricity system, both economically and environmentally.

A small but significant step toward doing just that was recently made by Ontario and Quebec, when premiers Kathleen Wynne and Philippe Couillard announced a new seven-year agreement to purchase electricity.

The amount of hydroelectric power that will flow from Quebec to Ontario each year is enough to power a city with nearly a quarter million people. And because this clean electricity will be replacing natural-gas-fired power, it will cut one million tonnes of carbon pollution. It will also save Ontario ratepayers about $10 million per year.

When you dive into the details, the significance is even greater than the top-line numbers suggest. Under the agreement, Ontario will store some of its surplus electricity—much of which comes from wind power generation—at Hydro Quebec facilities. So rather than selling off this surplus power (often at a loss), Ontario will now take advantage of the storage offered by Quebec’s hydro reservoirs. In essence, they will serve as big batteries.

This isn’t entirely novel. Similar agreements—aimed at boosting renewable power supply by integrating electricity systems across borders—exist between Manitoba and Minnesota, Norway and Germany, and are currently being explored between Japan, China, South Korea and Russia. But it is the first such agreement between Canadian provinces.

It’s a precedent that can—and should—be built upon to a much larger scale within Canada.

Take Alberta and Saskatchewan. While both provinces have set laudable targets for increasing the share of renewable power on their grids over the coming decades, they’re still burning fossil fuels for power. But they both neighbour provinces—B.C. and Manitoba—that generate ample hydropower. Through greater integration of their grids, these provinces could cut more carbon pollution faster and gain access to lower-cost electricity. Why always build for yourself what you can buy from others?

By avoiding an unnecessary overbuild of power generation to meet peak demand, this kind of optimization can also help reduce costs. The Ontario and Quebec agreement will see the provinces swap 500 megawatts of power annually, taking advantage of differences in seasonal demand. Quebecers consume more power in the winter for home heating, while Ontario’s peak demand occurs in summer for cooling. Similar benefits can also accrue elsewhere as you move across Canada’s time zones.

The Ontario-Quebec agreement offers a small glimpse of this, but it hints at the larger opportunity. As our energy system increasingly switches from fossil fuels to clean power, we will need both more renewable energy supply and greater integration of our power grids.

This integration will require new power transmission lines, but who pays for them is always a sticking point between provinces. This is where the federal government can play an important role. In the last federal budget, Natural Resources Canada was allocated $2.5 million over the next two years to study regional clean energy cooperation, with the aim of identifying “the most promising electricity infrastructure projects with the potential to achieve significant greenhouse gas reductions.”

The federal government’s economic update reiterated that interprovincial power lines could be a strategic opportunity for federal green infrastructure investment—and Canadians agree. In a recent poll conducted by Nanos Research and commissioned by Clean Energy Canada, 82% of respondents said the federal government should help provinces use more clean power. With the promise of federal investment, the often rocky discussion between provinces about electricity system integration might just become a bit smoother.

Canada’s climate conversation can’t just be about what we’re going to cut. It has to also be about what we’re going to build. New interprovincial power lines could prove key to delivering clean power, and clean growth, across the country.

Dan Woynillowicz is Policy Director and Sarah Petrevan is Ontario Senior Policy Advisor at Clean Energy Canada, a program of the Centre for Dialogue at Simon Fraser University.


MORE ABOUT ENERGY & SUSTAINABILITY:

The post A novel way to make Canada’s electrical grid cleaner and cheaper appeared first on Canadian Business - Your Source For Business News.

02 Nov 15:59

Cold Calling – How to Master What Some See as an Evil Sales Tactic

by Victoria Heckstall

Cold calling is tough. It is a numbers game, and the more you reach out to people, the more you improve your skills and the more money you make. However, it is one aspect of selling that is irritating to consumers.

You are required to introduce yourself and your business in a manner that can earn you a prospect. And just like other prospect-seeking strategies, you need to make your “calls” using a suitable approach.

Even though the internet has dominated businesses today, having the skills to connect with clients on the phone or face-to-face remains a valuable skill. To hone your cold-calling strategies, you need practice, but keep in mind that sometimes the numbers may fail to add up.

This unglamorous skill is necessary for a successful sales person and here are ways to master it:

Identify the best times for cold calling

Knowing when to initiate the first call is an important skill that can keep you ahead of your competitors.

For example, if you are looking to sell stationary to parents with school age children, the best time would be 2-3 weeks before schools open. That is around the time parents may want to purchase school items.

Set your call schedule to avoid making impromptu calls. While it may be suitable to call some people early in the morning, others may prefer to be contacted in the evening.

Develop a targeted list of prospects

Based on information that you have collected; you need to develop a targeted list of prospects. Doing so will help you to avoid contacting the wrong people.

The information may include income levels, the number of family members, the amount of expenditure per month, and any other information that may help you sell your product/service.

Have a ready script

It is better to write down whatever you are going to tell your prospects. You do not have to ‘stick’ to your piece, but at least have a formula for answering common questions instead of trying to remember words or to look up information.

A script comes handy when you suspect you are going to be nervous around a total stranger. The text will clarify whatever you are going to say and will make you comfortable.

Taking this step will ensure that your mindset is in line with your language. If it is a telephone call, you need to develop a warm voice that will entice the prospect. Do not be too vague or too detailed, but just make enough preparation.

Tailor your speech

Whether it’s face-to-face or a phone call, you need to tailor your speech to make it suitable for the situation. While it is okay to show your personality at this point, remember you have little time to gain the trust and attention of your prospects.

Each client should be addressed in a particular manner. For example, if you are speaking to a corporate CEO, you need to be more composed, straightforward, and detailed. However, if you are talking to a local, a lighter approach may be helpful.

Practicing your sales pitch will give you an upper hand.

In doing all these, the goal should be to communicate value. But how can you achieve this? By conducting research.

Conduct some research on your prospects and identify what they may want or how they may respond. Think of their challenges and try to provide insights.

Apply your imagination.

Sometimes it helps to imagine you are the customer who needs information from sales personnel. Pretend you are a customer calling an organization to inquire about certain goods.

If you can, record the process to get a feel of what you sound like and how you should have answered.

Polish your phone skills

You can achieve this by practicing in the mirror and going through various phone recordings. Ask yourself how you feel during phone dialogues and find a reasonable direction for your conversation.

Listen to your conversations several times and ask yourself how you can improve. Try to make your voice natural and be more relaxed.

Be watchful of your tone and voice

Do not sound like an amateur. You don’t want to sound arrogant or unprepared. Your tone should be warm and business friendly. Polish your sentences so that they can be straightforward.

Conclusion

When it’s all said, the buck stops with you. Do not dread the opportunity to reach out to your clients to introduce them to your business and products. You never know, sometimes organizations underestimate cold-calling, and they pay the price.

02 Nov 15:54

How Artificial Intelligence Will Redefine Management

by Vegard Kolbjørnsrud
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Many alarms have sounded on the potential for artificial intelligence (AI) technologies to upend the workforce, especially for easy-to-automate jobs. But managers at all levels will have to adapt to the world of smart machines. The fact is, artificial intelligence will soon be able to do the administrative tasks that consume much of managers’ time faster, better, and at a lower cost.

How can managers — from the front lines to the C-suite — thrive in the age of AI? To find out, we surveyed 1,770 managers from 14 countries and interviewed 37 executives in charge of digital transformation at their organizations. Using this data, we identified five practices that successful managers will need to master.

Practice 1: Leave Administration to AI

According to the survey, managers across all levels spend more than half of their time on administrative coordination and control tasks. (For instance, a typical store manager or a lead nurse at a nursing home must constantly juggle shift schedules because of staff members’ illnesses, vacations, or sudden departures.) These are the very responsibilities that the same managers expect to see AI affecting the most. And they are correct: AI will automate many of these tasks.

W161025_KOLBJORNSRUD_HOWMANAGERS

 

Report writing is another relevant example. The Associated Press expanded its quarterly earnings reporting from approximately 300 stories to 4,400 with the help of AI-powered software robots. In doing so, technology freed up journalists to conduct more investigative and interpretive reporting. Imagine technology like this drafting your next management report; in fact, this is already possible for some analytical management reports. Recently, the data analytics company Tableau announced a partnership with Narrative Science, a Chicago-based provider of natural language generation tools. The result of the collaboration is Narratives for Tableau, a free Chrome extension that automatically creates written explanations for Tableau graphics.

The managers we surveyed see such change in a positive light: Eighty-six percent said they would like AI support with monitoring and reporting.

Practice 2: Focus on Judgment Work

Many decisions require insight beyond what artificial intelligence can squeeze from data alone. Managers use their knowledge of organizational history and culture, as well as empathy and ethical reflection. This is the essence of human judgment — the application of experience and expertise to critical business decisions and practices. Managers we surveyed have a sense of a shift in this direction and identify the judgment-oriented skills of creative thinking and experimentation, data analysis and interpretation, and strategy development as three of the four top new skills that will be required to succeed in the future.

Insight Center

  • The Automation Age
    Sponsored by KPMG
    How robotics and machine learning are changing business.

As Layne Thompson, director of ERP Services for a U.S. Navy IT organization, told us: “More often than not, managers think of what they’re doing as requiring judgment, discretion, experience, and the capacity to improvise, as opposed to simply applying rules. And if one of the potential promises of machine learning is the ability to help make decisions, then we should think of technology as being intended to support rather than replace [managers].”

Practice 3: Treat Intelligent Machines as “Colleagues”

Managers who view AI as a kind of colleague will recognize that there’s no need to “race against a machine.” While human judgment is unlikely to be automated, intelligent machines can add enormously to this type of work, assisting in decision support and data-driven simulations as well as search and discovery activities. In fact, 78% of the surveyed managers believe that they will trust the advice of intelligent systems in making business decisions in the future.

One company that is trying to address these opportunities is Kensho Technologies, a provider of next-generation investment analytics. Its system allows investment managers to ask investment-related questions in plain English, such as, “What sectors and industries perform best three months before and after a rate hike?” and get answers within minutes. Picture how such technologies could support individuals and teams of managers in assessing decision consequences and exploring scenarios.

Not only will AI augment managers’ work, but it will also enable managers to interact with intelligent machines in collegial ways, through conversation or other intuitive interfaces. AI will be their always-available assistant and adviser.

Practice 4: Work Like a Designer

While managers’ own creative abilities are vital, perhaps even more important is their ability to harness others’ creativity. Manager-designers bring together diverse ideas into integrated, workable, and appealing solutions. They embed design thinking into the practices of their teams and organizations. A third of the managers in our survey identified creative thinking and experimentation as a key skill area they need to learn to stay successful as AI increasingly takes over administrative work.

In an interview, Peter Harmer, CEO of Insurance Australia Group, emphasized the need for managers who foster collaborative creativity in the digital enterprise: “We need people who can actually layer ideas on ideas. Not somebody who has to win in a competition around ideas, but somebody who can say, ‘Crikey! If we bring these two or three or four things together, we’ve got something very, very different.’ That’s the creativity, the curiosity [we need in managers].”

Practice 5: Develop Social Skills and Networks

The managers we surveyed recognized the value of judgment work. But they undervalued the deep social skills critical to networking, coaching, and collaborating that will help them stand out in a world where AI carries out many of the administrative and analytical tasks they perform today.

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While they will use digital technologies to tap into the knowledge and judgment of partners, customers, and communities, they must be able to tease out and bring together diverse perspectives, insights, and experiences.

Steps to Success

AI will ultimately prove to be cheaper, more efficient, and potentially more impartial in its actions than human beings. But such a scenario should not be cause for concern for managers. It just means that their jobs will change to focus on things only humans can do.

Writing earnings reports is one thing, but developing messages that can engage a workforce and provide a sense of purpose is human through and through. Tracking schedules and resources may soon fall within the jurisdiction of machines, but drafting strategy remains unmistakably human. Simply put, our recommendation is to adopt AI in order to automate administration and to augment but not replace human judgment.

If the current shortage of analytical talent is any indication, organizations can ill afford to wait and see whether their managers are equipped to work alongside AI. To prepare themselves and their organizations for the kinds of human-led work that will gain prominence as technology takes on more routine tasks, leaders must take the following steps:

Explore early. To navigate in an uncertain future, managers must experiment with AI and apply their insights to the next cycle of experiments.

Adopt new key performance indicators to drive adoption. AI will bring new criteria for success: collaboration capabilities, information sharing, experimentation, learning and decision-making effectiveness, and the ability to reach beyond the organization for insights.

Develop training and recruitment strategies for creativity, collaboration, empathy, and judgment skills. Leaders should develop a diverse workforce and team of managers that balance experience with creative and social intelligence — each side complementing the other to support sound collective judgment.

While oncoming disruptions won’t arrive all at once, the pace of development is faster and the implications more far-reaching than most executives and managers realize. Those managers capable of assessing what the workforce of the future will look like can prepare themselves for the arrival of AI. They should view it as an opportunity to flourish.

02 Nov 15:53

Business Books to Watch in November

by News

In order of their release date, here are some of the books we're excited about diving into in November. 

The Mosaic Principle: The Six Dimensions of a Remarkable Life and Career by Nick Lovegrove, PublicAffairs

Life—personally and professionally—is lived to the fullest as a mosaic, encompassing a rich and complex set of diverse experiences that provide purpose, meaning, happiness, and success.

Yet, the pressures of modern society push us toward narrower focus and deeper specialization in our lives and careers. Our pursuit of specific expertise risks us becoming isolated from those different from us; our lack of shared experience fosters suspicion and conflict. Today we have businesspeople and government officials who persistently distrust and demonize each other; a fortunate swath of society with professional and financial security, increasingly isolated from those left behind; and community leaders who struggle to relate to and connect with the communities they serve. In every walk of life we have allowed ourselves to be pushed into self-defining cocoons from which it is difficult to break out.

Nick Lovegrove’s compelling vision provides the way out of this contemporary trap. He supplies vivid portraits of those who get it right (such as Paul Farmer, the physician whose broad and imaginative choices bring health and hope to the world’s poorest people) and those who get it deeply wrong (such as Jeffrey Skilling, the former CEO of Enron) and connects their experiences with a blueprint of six skills—a moral compass, transferrable skills, contextual intelligence, prepared mind, intellectual thread, and extended network. 

The Mosaic Principle will help you to succeed in an ever-changing, more complex, and diverse world, and build a more remarkable and fulfilling life.

To Pixar and Beyond: My Unlikely Journey with Steve Jobs to Make Entertainment History by Lawrence Levy, Houghton Mifflin Harcourt

The never-before-told story of Pixar's improbable success.

“Hi, Lawrence?” the caller asked. “This is Steve Jobs. I saw your picture in a magazine a few years ago and thought we’d work together someday.”

After Steve Jobs was unceremoniously dismissed from Apple, he turned his attention to a little-known graphics art company that he owned called Pixar.

One day, out of the blue, Jobs called Lawrence Levy, a Harvard-trained lawyer and Silicon Valley executive to whom he had never spoken before, in the hope of persuading Levy to help him get Pixar on the right track.

What Levy found in Pixar was a company on the verge of failure. To Pixar and Beyond is the extraordinary story of what happened next: How Levy, working closely with Jobs and the Pixar team, produced and implemented a highly improbable roadmap that transformed the sleepy graphics art studio into one of Hollywood’s greatest success stories.

Set in the worlds of Silicon Valley and Hollywood, the book takes readers inside Pixar, Disney, law firms, and investment banks. It provides an up-close, first-hand account of Pixar’s stunning ascent, how it took risks, Levy’s enduring collaboration and friendship with Jobs, and how Levy came to see in Pixar deeper parallels that apply to all aspects of our lives.

The Future Workplace Experience: 10 Rules For Mastering Disruption in Recruiting and Engaging Employees by Jeanne Meister & Kevin J. Mulcahy, McGraw-Hill

Bestselling author’s blueprint for attracting and engaging top talent to beat the competition in today’s ever-evolving business environment.

Bestselling author of The 2020 Workplace, Jeanne Meister, returns with a powerful guide to mastering a new set of workplace disruptions, detailing the skills leaders need to thrive in today’s hyper-competitive and rapidly changing business environment. Along with co-author Kevin Mulcahy, Meister presents step-by-step advice to recruiters, middle managers, HR directors, and CEOs on how to prepare for a more transparent world of work, develop a new set of leadership skills, and anticipate future trends and changes across industries.

Workplaces are becoming more social, gamified, collaborative, mindful, and diverse. In this new environment, technological advances will simultaneously disrupt and enable how work gets done. Developing the ability to navigate this radically shifting, uncharted future, while engaging top talent and producing results, will be the main challenge facing every firm. With the right know-how, branding, and team, you will be prepared to embrace these contemporary challenges for ultimate success.

American Dreamer: My Life in Fashion & Business by Tommy Hilfiger, with Peter Knobler, Ballantine

In this tale of grit and glamour, setbacks and comebacks, business and pop culture icon Tommy Hilfiger shares his extraordinary life story for the first time.

Few designers have stayed on top of changing trends the way Tommy Hilfiger has. Fewer still have left such an indelible mark on global culture. Since designing his first collection of “classics with a twist” three decades ago, Tommy Hilfiger has been synonymous with all-American style—but his destiny wasn’t always so clear. Growing up one of nine children in a working-class family in Elmira, New York, Tommy suffered from dyslexia, flunked sophomore year of high school, and found himself constantly at odds with his father. Nevertheless, this self-described dreamer had a vision and the relentless will to make it a reality. At eighteen he opened his own clothing store, parlaying his uncanny instinct for style into a budding career as a fashion designer. Through decades of triumph and turmoil, Tommy remained doggedly optimistic. To this day, his approach to commerce is rooted in his positive view of the world. This is the story of a true American original, told for the first time in his own words, with honesty, humor, and the insatiable appetite for life and style that proves that sometimes you have to dream big to make it big.

An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy by Marc Levinson, Basic Books

A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time offers forces us to come to terms with how little control we actually have over the economy.

The decades after World War II were a golden age across much of the world. It was a time of economic miracles, an era when steady jobs were easy to find and families could see their living standards improving year after year. And then, around 1973, the good times vanished. The world economy slumped badly, then settled into the slow, erratic growth that had been the norm before the war. The result was an era of anxiety, uncertainty, and political extremism that we are still grappling with today.

In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how the end of the postwar boom reverberated throughout the global economy, bringing energy shortages, financial crises, soaring unemployment, and a gnawing sense of insecurity. Politicians, suddenly unable to deliver the prosperity of years past, railed haplessly against currency speculators, oil sheikhs, and other forces they could not control. From Sweden to Southern California, citizens grew suspicious of their newly ineffective governments and rebelled against the high taxes needed to support social welfare programs enacted when coffers were flush.

Almost everywhere, the pendulum swung to the right, bringing politicians like Margaret Thatcher and Ronald Reagan to power. But their promise that deregulation, privatization, lower tax rates, and smaller government would restore economic security and robust growth proved unfounded. Although the guiding hand of the state could no longer deliver the steady economic performance the public had come to expect, free-market policies were equally unable to do so. The golden age would not come back again.

Class Clowns: How the Smartest Investors Lost Billions in Education by Jonathan A. Knee, Columbia University Press

The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing. They have, with surprising regularity, lost their shirts.

In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and the story of Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment.

Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, Knee finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guard rails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated disappointments to shake up education.

The Revenge of Analog: Real Things and Why They Matter by David Sax, PublicAffairs

A funny thing happened on the way to the digital utopia. We’ve begun to fall back in love with the very analog goods and ideas the tech gurus insisted we no longer needed.

Businesses that once looked outdated, from film photography to brick-and-mortar retail, are now springing with new life. Notebooks, records, and stationery have become cool again. Behold The Revenge of Analog. David Sax has uncovered story after story of entrepreneurs, small business owners, and even big corporations who’ve found a market selling not apps or virtual solutions but real, tangible things. As e-books are supposedly remaking reading, independent bookstores have sprouted up across the country. As music allegedly migrates to the cloud, vinyl record sales have grown more than ten times over the past decade. Even the offices of tech giants like Google and Facebook increasingly rely on pen and paper to drive their brightest ideas.

Sax’s work reveals a deep truth about how humans shop, interact, and even think. Blending psychology and observant wit with first-rate reportage, Sax shows the limited appeal of the purely digital life—and the robust future of the real world outside it.

In Defence of Serendipity by Seb Olma, Repeater

In Defence of Serendipity is a lively and buccaneering work of investigative philosophy, treating the origins of “serendipity, accident and sagacity” both as riddles and philosophical concepts that can be put to a future political use.

Taking in Aristotle, LSD, Tony Blair, and techno-mysticism, Olma challenges the prevailing faith in the benevolence of digital technology and the illegitimate equation of innovation and entrepreneurship, arguing instead that we must take responsibility for the care of society’s digital infrastructure, and prevent its degeneration into an apparatus of marketing and finance.

For although there is nothing wrong with marketing and finance per se, if they alone lead technological development, free of any discretionary political interference, the freedom to be exploited will be as much a part of the future as our ability to intervene freely in our lives, will be a thing of the past.

Hard-Won Wisdom: True Stories from the Management Trenches by Jathan Janove, AMACOM

From dealing with underperformers to fighting off lawsuits, employee problems are the bane of a manager's existence.

So what do most do? Ignore them! 

And that's a recipe for more problems. Written by a seasoned HR expert and employment attorney, Hard-Won Wisdom takes you inside the messy reality of situations gone wrong, including: 

  • A joking comment taken as a command 
  • An email exchange that escalates ridiculously out of control 
  • A request for confidentiality that backfires in a big way 
  • The right employee… fired the wrong way 
  • The wrong employee… hired the right way 

These sometimes funny, always cautionary tales reinforce crucial lessons for managers. From failing to give feedback and withholding key information to exercising poor judgment and making faulty assumptions, every story highlights the role management plays in exacerbating (or easing) trouble. 

Wonderland: How Play Made the Modern World by Steven Johnson, Riverhead Books

The New York Times bestselling author of How We Got to Now and Where Good Ideas Come From explores the world-changing innovations we made while keeping ourselves entertained.

Steven Johnson’s fans love the surprising perspective of his long-view approach to history. In this lushly illustrated follow-up to the bestselling How We Got to Now, Johnson applies that lens to the history of popular entertainment, arguing that the pursuit of novelty and wonder is a powerful driver of world-shaping technological change. Throughout history, he locates the cutting edge of innovation wherever people are working the hardest to keep themselves and others amused.

Johnson’s storytelling is just as delightful as the inventions he describes, full of surprising stops along the journey from simple concepts to complex modern systems. He introduces us to the colorful innovators of leisure: the explorers, proprietors, showmen, and artists who changed the trajectory of history with their luxurious wares, musical experiments, exotic meals, taverns, gambling tables, and magic shows.

Johnson compellingly argues that observers of technological and social trends should be looking for clues in novel amusements. You’ll find the future wherever people are having the most fun.

And each story suggests simple strategies to turn the situation around. The memorable lessons help managers motivate underachievers, defuse angry employees, discipline without inviting legal action—and handle every tricky-people issue they simply can't avoid. 

The Social Organism: A Radical Understanding of Social Media to Transform Your Business and Life by Oliver Luckett, Michael J. Casey, Hachette Books

From tech visionaries Oliver Luckett and Michael J. Casey, a groundbreaking, must-read theory of social media—how it works, how it's changing human life, and how we can master it for good and for profit.

In barely a decade, social media has positioned itself at the center of twenty-first century life. The combined power of platforms like Facebook, Twitter, Instagram, Snapchat, and Vine have helped topple dictators and turned anonymous teenagers into celebrities overnight. In the social media age, ideas spread and morph through shared hashtags, photos, and videos, and the most compelling and emotive ones can transform public opinion in mere days and weeks, even attitudes and priorities that had persisted for decades.

How did this happen? The scope and pace of these changes have left traditional businesses—and their old-guard marketing gatekeepers—bewildered. We simply do not comprehend social media's form, function, and possibilities. It's time we did.

In The Social Organism, Luckett and Casey offer a revolutionary theory: social networks—to an astonishing degree—mimic the rules and functions of biological life. In sharing and replicating packets of information known as memes, the world's social media users are facilitating an evolutionary process just like the transfer of genetic information in living things. Memes are the basic building blocks of our culture, our social DNA. To master social media—and to make online content that impacts the world—you must start with the Social Organism.

With the scope and ambition of The Second Machine Age and James Gleick's The Information, The Social Organism is an indispensable guide for business leaders, marketing professionals, and anyone serious about understanding our digital world—a guide not just to social media, but to human life today and where it is headed next.

Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely, TED Books

Bestselling author Dan Ariely reveals fascinating new insights into motivation—showing that the subject is far more complex than we ever imagined.

Every day we work hard to motivate ourselves, the people we live with, the people who work for and do business with us. In this way, much of what we do can be defined as being “motivators.” From the boardroom to the living room, our role as motivators is complex, and the more we try to motivate partners and children, friends and coworkers, the clearer it becomes that the story of motivation is far more intricate and fascinating than we’ve assumed.

Payoff investigates the true nature of motivation, our partial blindness to the way it works, and how we can bridge this gap. With studies that range from Intel to a kindergarten classroom, Ariely digs deep to find the root of motivation—how it works and how we can use this knowledge to approach important choices in our own lives. Along the way, he explores intriguing questions such as: Can giving employees bonuses harm productivity? Why is trust so crucial for successful motivation? What are our misconceptions about how to value our work? How does your sense of your mortality impact your motivation?

ReOrg: How to Get It Right by Stephen Heidari-Robinson & Suzanne Heywood, Harvard Business Review Press

A Practical Guide in Five Steps.

Most executives will lead or be a part of a reorganization effort (a reorg) at some point in their careers. And with good reason—reorgs are one of the best ways for companies to unlock latent value, especially in a changing business environment. But everyone hates them.

No other management practice creates more anxiety and fear among employees or does more to distract them from their day-to-day jobs. As a result, reorgs can be incredibly expensive in terms of senior-management time and attention, and most of them fail on multiple dimensions. It’s no wonder companies treat a reorg as a mysterious process and outsource it to people who don’t understand the business. It doesn’t have to be this way.

Stephen Heidari-Robinson and Suzanne Heywood, former leaders in McKinsey’s Organization Practice, present a practical guide for successfully planning and implementing a reorg in five steps—demystifying and accelerating the process at the same time. Based on their twenty-five years of combined experience managing reorgs and on McKinsey research with over 2,500 executives involved in them, the authors distill what they and their McKinsey colleagues have been practicing as an “art” into a “science” that executives can replicate—in companies or business units large or small.

It isn’t rocket science and it isn’t bogged down by a lot of organizational theory: the five steps give people a simple, logical process to follow, making it easier for everyone—both the leaders and the employees who ultimately determine a reorg’s success or failure—to commit themselves to and succeed in the new organization.

Rethink: The Surprising History of New Ideas by Steven Poole, Scribner

A brilliant and groundbreaking argument that innovation and progress are often achieved by revisiting and retooling ideas from the past rather than starting from scratch—from The Guardian columnist and contributor to The Atlantic.

Innovation is not always as innovative as it may seem. This is the story of how old ideas that were mocked or ignored for centuries are now storming back to the cutting edge of science and technology, informing the way we lead our lives. This is the story of Lamarck and the modern-day epigeneticist whose research vindicated his mocked 200-year-old theory of evolution; of the return of cavalry use in the war in Afghanistan; of Tesla’s bringing back the electric car; and of the cognitive scientists who made breakthroughs by turning to ancient Greek philosophy.

Drawing on examples from business to philosophy to science, Rethink shows what we can learn by revisiting old, discarded ideas and considering them from a novel perspective. From within all these rich anecdotes of overlooked ideas come good ones, helping us find new ways to think about ideas in our own time—from out-of-the-box proposals in the boardroom to grand projects for social and political change.

Armed with this picture of the surprising evolution of ideas and their triumphant second lives, Rethink helps you see the world differently. In the bestselling tradition of Malcolm Gladwell, Poole’s new approach to a familiar topic is fun, convincing, and brilliant—and offers a clear takeaway: if you want to affect the future, start by taking a look at the past.

Jo Malone: My Story by Jo Malone, Simon & Schuster

Known around the world for her eponymous brand of fragrances and now her brand-new venture Jo Loves (soon to debut in the US), Jo Malone tells the remarkable and inspiring story of her rise from humble beginnings to beloved business success. 

Jo Malone began her international fragrance and scented candle business in 1983 from her kitchen, where she made bath oils as thank-you gifts for her facial clients. She opened her first store in London in 1994, and in 1999 she sold the Jo Malone London brand to Estee Lauder Companies. Recently, she launched a new brand, Jo Loves, igniting the excitement of fashion and beauty converts all over the world.

Raised in government-subsidized housing in Kent in the early 1960s, Jo Malone left school as a teenager to care for her mother after she had a stroke. Jo had not been successful in school because of her dyslexia, but she had the ability to see and feel everything in scent. Her at-home beauty business and hand-made products became popular, and word of her talent spread until an international brand was born. After the sale of her company and the birth of her son, she was diagnosed with breast cancer and underwent treatment in New York. Thus began the second chapter of her life, and in this memoir, Jo tells her full amazing and inspiring personal story.

Woo, Wow, and Win: Service Design, Strategy, and the Art of Customer Delight by Thomas A. Stewart & Patricia O'Connell, HarperBusiness

In this pioneering guide, two business authorities introduce the new discipline of Service Design and reveal why trying new strategies for pleasing customers isn’t enough to differentiate your business—it needs to be designed for service from the ground up.

Woo, Wow, and Win reveals the importance of designing your company around service, and offers clear, practical strategies based on the idea that the design of services is markedly different than manufacturing. Bestselling authors and business experts Thomas A. Stewart and Patricia O’Connell contend that most companies, both digital and brick-and-mortar, B2B or B2C; are not designed for service—to provide an experience that matches a customer’s expectations with every interaction and serves the company’s needs. When customers have more choices than ever before, study after study reveals that it’s the experience that makes the difference. To provide great experiences that keep customers coming back, businesses must design their services with as much care as their products.

Service Design is proactive—it is about delivering on your promise to customers in accordance with your strategy, not about acceding to customer dictates. Woo, Wow, and Win teaches you how to create “Ahhh” moments when the customer makes a positive judgment, and to avoid “Ow” moments—when you lose a sale or worse, customer trust.

Whether you’re giving a haircut, selling life insurance, or managing an office building, your customer is as much a part of your business as your employees are. Together, you and customers create a bank of trust; fueled by knowledge of each other’s skills and preferences. This is Customer Capital, the authors explain, and it is jointly owned. But it’s up to you to manage it profitably.

Innovative yet grounded in real world examples, Woo, Wow, and Win is the key strategy for winning customers—and keeping them.

02 Nov 15:53

This lip-syncing app for teens is making money hand over fist

by BI Intelligence

Live Streaming Video BenefitsThis story was delivered to BI Intelligence "Digital Media Briefing" subscribers. To learn more and subscribe, please click here.

Teen-focused lip-syncing app Musical.ly and its live-streaming sibling Live.ly are allowing star creators to earn a handsome living, with the top 10 Live.ly broadcasters making an average of $46,000 over a two-week period, Variety reports.

Musical.ly and Live.ly have grown into two of the most popular video apps. The former has a user base of over 100 million, mostly made up of teenage girls. Many of them are also on Live.ly, which launched in June 2016. Engagement on Live.ly is sky high, with major broadcasters receiving more than 100,000 simultaneous views on their streams — totals that are unmatched on Facebook, YouTube, and Periscope.

Live.ly’s monetization relies on virtual gifts – emojis – purchased by fans. Gifts are priced between 5 cents and $50. They pop onto the live streaming screen bought. Expensive gifts appear more prominently, encouraging broadcasters to shout out their big donors. They can also publish a leaderboard recognizing their biggest contributors. For Live.ly's users, this is akin to having their favorite celebrity repeatedly call out their name in appreciation.

Musical.ly and Live.ly don’t offer advertising yet, but the platforms have huge potential and offer ample opportunities for those willing to get in on the act.

  • Mainstream celebrities are present.  Ariana Grande, Selena Gomez, and Gwen Stefani have joined Live.ly. Their presence will encourage more celebrities to sign up and drive engagement among existing users. Meanwhile, connecting with young fans helps musicians to boost loyalty and music sales.
  • Homegrown stars are also emerging. The prospect of getting famous on Live.ly will incentivize ambitious creators to broadcast, making the platform more valuable and interesting.
  • There's an influencer opportunity for brands. Having public figures on Live.ly presents an opportunity for influencer marketing campaigns. 

If 2015 was the year that brands and advertisers embraced online video, then 2016 will see the medium take the next step as live streaming takes off.

Live streaming video refers to broadcasts in real time to an audience over the internet. While the concept of live streaming has been around for years, mobile-first video platforms with user-generated content have just recently begun to make serious waves thanks to improved video quality, faster broadband speeds, and enhanced mobile technology.

Online video has become a key part of the strategic business model for both brands and marketers as they seek more innovative ways to capture consumer attention. Creative live streaming video initiatives and campaigns are a way for companies to cut through the digital clutter and have emerged as the medium of choice not only for person-to-person sharing, but also for business-to-consumer (B2C) and business-to-business (B2B) communication. 

Brands are increasingly using live streaming to reach audiences. Its importance has grown significantly thanks to substantial investments by social platforms such as Facebook, YouTube, Snapchat, and Twitter to build and enhance their live-streaming platforms.

And advertising dollars are likely to follow. 88% of agency respondents stated that they “might” or “definitely will” invest in live stream video advertising over the next six months, according to a recent Trusted Media Brands survey.

BI Intelligence, Business Insider's premium research service, has compiled a detailed report on live streaming video that examines the eruption of online video from the perspective of both consumers and advertisers and assesses how live streaming is emerging as the medium's next catalyst for growth.

Here are some key points from the report:

  • Live streaming video will further accelerate streaming videos overall share of internet traffic. Streaming video accounts for over two-thirds of all internet traffic, and this share is expected to jump to 82% by 2020, according to Cisco’s June 2016 Visual Networking Index report.
  • Live video’s value comes from its unique ability to add an authentic human element to digital communications. As a result, brands are leveraging three main streaming methods to connect with their viewers: tutorials, product launches, and exclusive and behind-the-scene footage.
  • Advertisers will continue to invest heavily in online video, especially as live streaming video gains traction. Already in the US, digital video ad revenue reached $7.8 billion in 2015, up 55% from 2014, according to figures from the Internet Advertising Bureau.
  • While live streaming is still in its early stages, brands are leveraging micropayments, mid-roll video ads and direct payments from social platforms, to monetize their live streaming videos.
  • The success of live streaming video hinges on brands overcoming a lack of measurement standards in the space, as well as changes in social media sites' algorithms that affect what content users see.

In full, the report:

  • Examines the eruption of live streaming video.
  • Explores the differences between platforms that host live streaming video.
  • Breaks down successful approaches from both brands and publishers.
  • Discusses unique monetization opportunities live streaming presents.

To get your copy of this invaluable guide, choose one of these options:

  1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. » START A MEMBERSHIP
  2. Purchase & download the full report from our research store. » BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of live streaming video.

Join the conversation about this story »

02 Nov 15:53

Creating the Right Downloadable Offer

by Erica Fischer

Creating the right downloadable offer is essential to any marketing campaign that chooses to include one. The right downloadable offer is something of value that a website visitor must complete a form in order to get access to.

downloadable offer

In order for the marketing effort to be successful and result in converting that lead into a customer, the download needs to allow the potential customer to try out the product or service. This shows them first hand that the product or service delivers as promised and that the full version can solve their problem or enhance their life/business.

Now that we understand what kind of value the right downloadable offer should give, what types of downloadable content can you create? Keeping in mind that these offers are free, they need to make sense financially, and they also need to be scalable. The following examples require initial investment and resources, however they can be re-used as many times as needed without requiring additional costs:

  • eBook
  • Guide
  • Webinar
  • Free Tool

If you have a larger budget, these 3 offers are also great options to explore:

  • Free Trial/Product Demos
  • Consultations
  • Discount/Coupon

Once you have decided which type of downloadable offer is the right one for your campaign, you now have to ensure that it provides value and will most likely result in a conversion. There are 3 main elements that need to be considered when creating a downloadable offer that delivers value:

  1. Is the offer valuable to your target audience?
  2. Does the offer align with the products and services that your business offers?
  3. Is the offer targeted to the right customer persona at the right time?

Offering value to your target audience may seem like a no-brainer but in order for this element to result in a conversion, you need to ensure that the offer will be valuable to your target audience. A few things to consider:

  • Does this offer showcase my product or service’s ability to fully fill a need or want?
  • Does this offer give good insight as to how the rest of my products or services will solve this common issue?
  • Does this offer give just enough to create trust and instill a value associated with my company or brand?

Downloadable offers give you a chance to reach a specific target audience looking for a specific product or service. It is also a good opportunity to get leads for other related products or services that you offer.

Once you have your offer type and target audience you will need to leverage your offer effectively. Here are some best practices for leveraging your downloadable offer effectively:

  • Create multiple offers. When targeting your target audience at different points in the purchasing funnel, your offer will need to cater to each point.
  • Include a lead capture form. In order to capture our target audience, you will need to gather some information about them. Requiring that a lead capture form is filled out in exchange for the offer is ideal.
  • Create calls to action and place them strategically. Throughout our content you should have calls-to-action with the goal of obtaining a conversion by the end of the content.
  • Track performance. In order to optimize each marketing effort, you will need proper tracking. Ensure that all of your tracking methods follow the potential lead from the initial point of contact all the way to the completion of the conversion form. This will help you to better understand which elements of your content is working well or which elements may need some more optimization.

Each offer will provide value to your customer but at the same time, instill a trust between your company and the potential lead. In addition, you’ll get the contact information of a potential buyer and can then sell them through a more face-to-face process.

Download the Content Mapping Template

02 Nov 15:52

Back to Basics: Why It’s Time to Kill the Generic Sales Presentation

by epeters@hubspot.com (Eric Peters)

account-manager.png

Editor's note: The following post is an abridged version of Class 4 in HubSpot Academy’s free Inbound Sales Certification course.

As a salesperson, it’s your job to advise prospects on the ways your offering is uniquely positioned to address their unique needs.

You might be thinking, "I've been advising my prospects all along." And maybe you have -- but to really understand what it means to advise buyers, you have to understand the difference between legacy salespeople and inbound salespeople in this final stage of the sales process.

Why the Old Way of Advising Prospects Just Doesn’t Work Anymore

Legacy salespeople deliver the same presentation and same case studies to all buyers. Like a broken record, they say the same things on the phone over and over again and rarely deviate from a script. Going on autopilot to deliver a standard presentation is normal.

By sticking to a generic script, legacy salespeople fail to represent themselves as a solution to their prospect’s specific needs.  Prospects want to know how features are specifically going to help them and their situation.

Modern salespeople tailor presentations to their buyers' context, leveraging the information they've already gathered in the exploratory phase to explain why they are uniquely positioned to help.  

By uncovering the buyer’s context and tailoring their presentation accordingly, modern salespeople add value to the buyer’s journey beyond the information available online.

Legacy salespeople use discounts and promotions to get buyers to purchase on the seller's timeline. But modern salespeople understand the buyer’s timeline and adjust the sales process to accommodate it. You’ve developed enough trust with the buyer to not only understand needs but also understand the issue of not solving the needs by a certain date.

You can help prospects determine the right time to buy by creating a plan to help achieve their goals by the time they need to achieve them. Instead of focusing on when the prospect will buy, they focus on when the prospect must achieve their goals. They then work backwards to determine a start date that will give them time to implement the right plan.

Legacy salespeople may even withhold resources requested by buyers -- like a customer reference or access to their executives -- until there’s commitment to purchase.  But the empowered buyer is no longer dependent on the seller for this information. The empowered buyer has access to the seller’s customers and can request references without the help of the seller.

In short, the buyer has more power than ever before. Effective salespeople recognize this and adjust their behavior to compensate.

How to Determine Budget and Timeline, and Get Your Opportunity to Commit

As an inbound salesperson, you serve as a translator between the generic messaging found on your company’s website and the unique needs of your buyer.

If you’re ready to advise, you've succeeded in capturing the buyer's interest and exploring the opportunities to help them. Now you can convey your product or service's value in a way that compels them to buy.

Helping your prospect move forward and advising them can be accomplished in a few different formats depending on your preference, your client’s preference, or the industry you’re in. Based on those factors, you might lean on one of these methods more frequently than the others:

  • A proposal
  • A presentation / demo
  • A contract

Whichever you choose, you must accomplish the same objectives, effectively advise your prospect on next steps, and get their commitment to move forward.   

We'll primarily focus on how to accomplish this through an effective presentation. If you do choose to write a proposal or contract, you should still set aside time, book a meeting, and review it along with your prospect to achieve buy-in. And although each of these formats are very different, the elements that make each successful are very similar.

Regardless of how you close your prospect, the following four things should be accomplished:

  • A recap of what you've learned, so the prospect knows you completely understand their context
  • Suggestions of ways to achieve their goals and overcome their challenges using your service/product
  • Confirmation of budget, decision making processes, and timeline, so you know whether the buyer will make the decision to move forward or not
  • Commitment that the prospect wants to pursue your plan

The actual presentation portion of the advising stage is crucial. Don't let your prospecting and connecting efforts go to waste. The typical legacy sales presentation flow, that you may have even come across yourself, starts with the following information:

  1. Who the seller and her company are
  2. Who the seller is working with
  3. Review of the information the prospect told the seller
  4. How the seller is going to solve the buyer's problem
  5. Where the buyer signs

Now think about it -- in many ways, that presentation flow is backwards. Does telling a prospect who you are and the other businesses you’ve worked with add value to your presentation? No, because a buyer could find that information with a quick search.

Don’t start a presentation with a recitation of facts about yourself, your company’s history, and a description of what you provide. Somewhere along the way, salespeople were told they have to impress prospects by bragging about themselves. But all they're doing is wasting time giving a generic presentation irrelevant to the prospect’s unique situation. 

The next time you give a sales presentation, be the trusted advisor your prospects need you to be, not the pitch man you think they expect you to be.

Try this presentation flow instead:

  1. What you heard your prospect tell you
  2. Summary of the ways those in your prospect's situation think about making a needed change
  3. The pros and cons of the different approaches to this situation
  4. The outcome your prospect wants and the approach that will yield the best outcome
  5. Why this choice makes the most sense for your prospect
  6. How you can best support that choice

Ready to see how this all comes together? Watch the following example video from the Inbound Sales Certification course below. The example company, Tyre Recruiting, is a fictitious recruiting firm with 10 employees. They help companies find sales people, and in this example, the recruiters are tasked with selling their recruiting services to companies that fit their target profile.

 

Free Sales Training from HubSpot Academy

02 Nov 15:52

How to Handle the “How Much Does It Cost” Question

by Ethan Zoubek

Editor’s Note: This piece was originally published on LinkedIn. You can find it here.

It’s a fair question. “It depends” is not a fair answer.

Interested in seeing a sales professional stumble and squirm for a bit? Ask them how much what they’re selling costs.

Anyone outside of the selling profession can be forgiven for thinking that talking about price would be one of the first things we learn as sales professionals. After all, the concept of pricing and cost is one of the most central and fundamental components of a business transaction. Trading money for something is the quintessential representation of a value exchange.

Those of us who make our living selling know that it’s not that easy.

Why?

We’re taught how to dodge the question by well-meaning sales leaders.

No one really teaches sales professionals how to handle the question. What we’re taught is how to dodge the question by well-meaning sales leaders who tell us that we should defer the question until later in the sales cycle. That we should be selling on value. That we’re to understand the budget of the buyer first. That we’re not supposed to show our cards too early.

Those positions aren’t inherently wrong. They just don’t answer the question. And it’s a fair question. Prospective customers have a right to ask their salesperson what a solution costs, and we have a responsibility to give them a clear and direct answer.

For anything that’s not a fixed good with a readily quoted unit cost (professional services, enterprise software, consulting, etc.) the pricing tends to be variable and that’s part of what makes it difficult to provide an answer early in the sales cycle.

Most customers haven’t been trained in how to evaluate and purchase something, and they may only do it a few times in their careers. As professional sellers, who do this all day, every day, it’s our job to help them frame their thinking around “price” or “cost” in a manner that will allow them to make the most informed decision.

What something costs is one factor among many in a purchase consideration. For less sophisticated buyers, however, price is the most concrete factor and the most logical to which they can go, which is why they ask about pricing so quickly. Even more sophisticated buyers can press the price question early. It’s easier.

We know that early in the cycle we don’t have enough information to provide an accurate price – the prospect isn’t clear on their requirements, there’s more for everyone to learn, etc. This is why “it depends…” are the two words that most commonly tumble out of a salesperson’s mouth when they’re asked about price. We then proceed to explain, using far too many words, why we can’t actually give them a price. But that doesn’t answer the question and it frustrates the buyer.

Provide a framework with your response.

Here’s how to answer the question.

Provide a framework first – this gives your prospective customer a sense of what goes into your pricing and why you structure it the way that you do. Don’t just give a number. Explain to them the components of your pricing. What they’re asking for (the price) isn’t what they actually want to hear (which is how you’ll help them determine value to their organization.) The framework gives structure to the how you’ll help them determine that value.

For example, if you sell enterprise SaaS software, this is sample framework:

There are three components to our pricing model – annual subscription, utilization, and professional services.

  1. The annual software subscription is the cost for accessing the core platform that we’ve had in market for years and continue to enhance and improve.
  2. The utilization is a variable component based upon how much you plan on using, and this is different for every customer. (Note: ideally this utilization is based on whatever the value metric is – users, storage, messaging volume, API calls, etc.)
  3. Professional services costs are based upon real human beings doing work to help implement the software and train you on its use and are scoped with you as part of the project planning.

So that’s it – we price on those three things: annual subscription, utilization, and professional services.

Our average selling price when you combine all three of those components is about $300,000. Lots of things impact that, which is why we always setup a discovery and strategy session with your team to help map out a path and plan. We’d like to do that once we both have a sense that there’s a good fit between what you need and what we do. That session will allow us to provide you with a thoughtful and accurate proposal, which will be based upon the value you’ll receive as a business across those three components.

Then stop talking. Please. Stop. Talking.

Let them process what you’ve just told them.

What have we accomplished? We’ve given a structure to our pricing model that the customer can consider. We’ve given them buckets into which they can place their assumptions and ideas to organize their thinking. The human brain likes to organize into groups (for example, grouping everything our eyes see into semantic neighborhoods.) This framework gives the prospect’s brain what it wants.

We’ve structured what we deliver into three discrete functions instead of one monolithic block, which allows us the opportunity to articulate not just a general value statement, but specific instances of value in each of those areas.

We’ve also established some qualification criteria – for both us and the prospect. If they hem and haw all over the $300,000 number, then we know something is off – either there’s total misalignment, we’re talking to the wrong level of buyer, something. But we now know that we have work to do, and we know that early in the cycle.

It also helps the buyer understand where this kind of purchase fits into their budgeting cycle, levels of approvals that will be required, etc. It establishes a baseline so we and the prospect can work together to craft an engagement plan to guide the evaluation.

It doesn’t really matter what you’re selling or what the pricing structure is – always provide a clear and consistent framework.

There are infinite variations and ‘what if’s’ that come up with the question of positioning price, but I contend that it doesn’t really matter what you’re selling or what the pricing structure is – the method of providing a clear and consistent framework allows you to help educate the buyer with how to think about your solution and it puts your initial, general price figure in some context. Use a framework, pick the right three things to be in the framework, and then answer the question by introducing the framework.

Without context a number is just a number. Maybe too high, occasionally too low, never just right – so spend your energy on articulating the framework, not equivocating on a number.

A structured response should roll off the tongue of every sales professional in your organization.

Practice this with your team and colleagues. A structured response should roll off the tongue of every sales professional in your organization. You and your teams should feel empowered to answer this perfectly appropriate question early in the cycle – because it will be asked early in the cycle – and to answer with clarity and conviction. Doing so is a signal of professional competence that your prospects will appreciate it and it will be a point of differentiation from your competitors.

This post is the first in a series of three on the subject of discussing price and cost in selling situations. Click here to read Part 2: “When and How to Present a Proposal – Six Rules.”

The post How to Handle the “How Much Does It Cost” Question appeared first on OpenView Labs.

02 Nov 15:51

A Marketer’s Secrets to Closing Sales

by Robyn Tippins

If you are doing regular, compelling content marketing campaigns, there’s no reason that you shouldn’t be generating leads. So for the purposes of this article, let’s assume you’re sitting on a pile of leads. Why aren’t they closing?

Some of us are better at content marketing and leave the closing to our sales teams — but we have to be able to work closely with sales to ensure that our leads are closed.


Always Be Closing:

I know that most people reading this are marketers, and they may wonder why worrying about sales closing is a part of their job. Well, it’s because we get our budget, as marketers, based on ROI — in other words, you can generate and nurture thousands of leads, but if they don’t close your campaign was unsuccessful.

Closing matters to us all. ABC, folks.

1. You Give Up Too Early on Leads

A lead is a lead until they say no.

Lead nurturing demands we do the work prior to the sales team jumping in. But great marketing/sales teams continue to work together after the lead has been passed along.

Takeaway: Talk to your sales team. Follow up on a regular basis with them on how the leads you’re passing along are closing. Once a lead has ceased to respond, can you put them back in your lead buckets for additional nurturing? Are many of these dead leads coming from a specific campaign? If so, it might be time to tweak that campaign. Finally, are they putting in the work? Ask how many times leads are followed up on.

2. You Aren’t Mining Data for Your ‘In’

You learn alot from a contact record. In Hubspot, we can see how many other offers they’ve viewed or downloaded, the blog posts they’ve read, if others at their company are interested in our items and all kinds of social media information. Depending on the software you’re using, you probably know at least a few things that could give you a good ‘In’. My favorites are these:

  • Company Name
  • Job Title
  • LinkedIn URL
  • Lead Gen downloaded

Don’t underestimate the ‘In’ you can create from this data. I’m a former Yahoo, so when I see a Silicon Valley based lead come in, I always check their LinkedIn profile to see if we’ve both worked for Yahoo at some time in the past. We’ve done work for Intel, Cisco, Mozilla, Facebook, CurrentTV and other large companies, so if there’s a connection there, you can be sure I’ll mention it. You’d be surprised how many people fit into that bucket. You can also check out their alma matter, their previous location (former neighbors?) and if you have any LinkedIn Groups in common — you probably do if you are generating leads in a targeted industry.

Finally, one piece of data you know for sure is what they downloaded. A person downloading our content targeted towards generating leads is likely interested in that topic — guess what, I know alot about that I am happy to send them more useful content along those lines. ;)

Takeaway: Spend the time researching the lead before you reach out. If a lead goes cold, look for a way back ‘in’.

3. You Aren’t Revisiting ‘Dead’ Leads

Dead leads can be warmed back up if you go about it in the right way. Mine your older leads for opportunities to engage them again. Some ideas to try to get them back in the pipeline:

  • Invite them into your newsletter list
  • Invite them to a top-of-the-funnel webinar
  • Offer a free trial
  • Pretend you’re a real human and just ask them why they aren’t interested ;)

One of my favorite ways to do this is this email:

A while back, you reached out to us about Content Marketing and for whatever reason, we weren’t able to connect. I’m going through my old emails and thought I’d give it one more try. I’d hate for you to think we weren’t interested in talking to you!

Are you still interested in chatting about using content to engage your readers or drive leads to <Company>? I’ve got some time on Thursday after our Sales Meeting, so anything after 2pm EST works.

Takeaway: Pull out your dead leads now! Talk to your team to come up with a few ideas to warm them back up. There’s money in those leads!

ROI Depends on Marketing and Sales

Getting budget for content marketing isn’t always easy, so once you have that budget, don’t waste it. Make sure you help your sales team deliver a content marketing ROI that ensures you get to keep on doing a great job, quarter after quarter.

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02 Nov 15:51

3 Ways to Sleigh this Christmas with Micro-Influencers

by Laura Smous

With constant changes in direction, brands and marketers are always kept on their toes, making it hard for many, when developing their holiday marketing strategy. Influencer marketing is now an established and integral part of the marketing mix for most brands. The array of options can be dizzying—from content types to creators to social platforms, just when your team gets up to speed on Vine, Twitter shuts it down.

Though the first waves of influencer marketing focused on influencers with massive followings, as influencer marketing has evolved, research revealed having a large number of followers does not necessarily lead to more sales. Finding influencers who reach the right target audience and create content in the formats your consumers want to consume creates even more challenges.

“Brands are beginning to question how valuable exposure to a wide audience is when it’s not targeted,” as Retail Week noted in a recent article. The solution? Reach out to micro-influencers, who have a smaller, highly engaged base. These influencers take the time to create real relationships with their followers and engage with them on a personal level. This builds a level of trust those with large followings cannot match, and greater trust leads to greater influence.

With everyone going after the same coveted spots in consumers’ social feeds this holiday season, influencer marketing is the most cost-effective and impactful way to go. As you gear up for holiday marketing campaigns (Black Friday, Christmas, etc), remember that less is more, and use micro-influencers to promote products and events, as the gift-giving holidays approach.

Here are three keys to effectively use micro-influencers for your holiday marketing strategy:

1. Nail Down Your Brand Objective

Ask yourself how social media can help you achieve your holiday marketing goals. Black Friday and Cyber Monday, when sales are at their peak and people are looking for advice, offer good opportunities to attract new customers and engage with current ones.

2. Choose Your Influencers Wisely

Knowing your objectives helps you identify your target audience, which social media platforms they go to for inspiration and advice, and which micro-influencers have authority, with those audiences and on those platforms. Look for micro-influencers whose tone and creative style would work best with your brand. Remember to focus more on consumer engagement and conversions than reach.

3. Crystalize Your Holiday Marketing Content Strategy

Not all social networks work well for every brand. Ask yourself what influencer platforms work best for your product or service. What type of content best communicates your message?

Your social network choice and associated media, along with your brand, will shape content guidelines for your micro-influencers. Communicate those clearly, then let influencers put their own stamp on the creative. Collaboration offers the best of both worlds, by ensuring content remains on-brand, while preserving the impact of micro-influencers’ authenticity.

02 Nov 15:51

Marketing and Sales Alignment Should Actually Look Like This, Especially for the Sales Enablement Process in the Complex Sale

by Keegan Divant

The 80’s gave us a lot of great things but the one thing we could have done without is buzzwords. Well, we could have also done without a few other things from the 80’s, but I digress. I’m not a fan of buzzwords because I believe they cheapen the true meaning behind them. It’s catchy and easy to convey but, over time the purpose and complexity is lost. Synergy is a great principle but in overused corporate jargon, what is it really?

Beyond Just a New Buzzword

Smarketing is a new buzzword that is meant to describe aligning your sales and marketing team. However, true sales and marketing alignment is rarely achieved. I’m not saying that results are scarce but, I am saying that we rarely see the full potential of proper alignment. Belgian draft horses are a perfect example of what I’m describing.

belgian-horses-1214502_1280.jpg

The Belgian draft horse is one of the strongest and largest breeds of horses in the world. To test their strength, competitions are held to see just how much weight one of these amazing animals can pull. Now, by itself, a single Belgian draft horse can pull roughly 8,000 pounds.

Interestingly, when you harness two together, they’re then able to pull close to 24,000 pounds. All of this seems impressive until you find out what’s truly possible. If you put two horses together that are raised and trained together, they’ll be able to pull 32,000 pounds.

“Synergistic” teams are a lot like this. Marketing and sales start working more closely together and results increase. But, they’re still not reaching what’s possible.

Two Teams One Process

A fully aligned sales and marketing team, or smarketing team, is part of one single sales/ marketing process. They’ll still have their own strategic initiatives and goals but, even those will still align with the single overarching process.

If sales and marketing only somewhat work together, their relationship will mirror what most companies experience. The marketing team focuses on generating leads and the sales team focuses on closing them.

tie-690084_1280.jpg

Here’s the problem with that shallow type of alignment. Because the two teams are still disjointed, it’s easy for them to blame the other when there’s a breakdown in the process. The marketing team complains that the sales team can’t close their leads and the sales team complains that marketing isn’t generating good leads.

The two teams are married in the process of generating new business but, they’re still not fully aligned. So, how should they become one “smarketing” team?

From First Contact Til The Ink On The Contract Dries

It’s first going to start with a well thought out plan that guides both teams side-by-side throughout the entire sales process. Now, instead of marketing looking at how to generate more leads, they’ll look at what the sales rep will need at each step of the process. The sales rep will also let marketing know what is and isn’t effective at each sales stage.

In focusing on the first stage of the sales cycle, the marketing team may want to create an educational ebook that the sales rep could send to leads or prospects. This ebook would need to be valuable in the eyes of the client and from that, the sales rep would be viewed more as a trusted advisor than just someone trying to book new business or close the deal.

This same sales rep will likely have a list of contacts that have gone silent. Rather than spend hours trying to get a returned phone call or email, the sales rep can let marketing know they need help reaching out to these contacts. Marketing could then create an automated “drip-campaign” to continue working the leads. This frees the sales rep to focus on more effective sales activities.

This is a very brief overview of what true “synergy” looks like but, I hope it helps you realize the potential that’s available. Until both marketing and sales have one goal and one process, they’ll never be as effective as they could be.

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02 Nov 15:51

6 Tips to Avoid Email Send Anxiety

by Shamita Jayakumar

When it’s time to send out an email campaign, marketers feel a range of emotions. We are proud of the work we’ve done to make the campaign come together, and are excited about the possibilities. But once we hit “send,” the campaign is out of our hands. Enter send fear.

Most marketers feel anxiety around hitting the send button. Is everything in the email up to snuff? Will the images render? Do all the links work? It’s enough to make the most experienced marketers break a sweat.

Email send fear can be paralyzing. Because of these fears, we may be afraid to experiment with A/B testing, dynamic content, and marketing automation.

It’s time to banish email send fear. Today, we’re sharing 6 tips so you can feel confident each time you click send.

Tips to beat email send fear

No matter what gives you anxiety about sending emails, there are a few things you can do to alleviate the fear. You can think of these tips as nightlights for a dark closet– they might not remove the fear completely, but they’ll provide the peace of mind needed to relax and send with confidence every time.

Understand the “why” of each email you send. When you’re crafting an email campaign– whether it’s a one-off message or customer journey ask yourself why you are sending the email. What do you want subscribers to do when they receive it? Do you want them to read the message, click-through to your website, or purchase a product? Understanding the “why” will help alleviate the fear of having the wrong copy, CTA or end goal in mind.
Create a checklist. It’s easy to mess up if you don’t have a checklist, and that’s truer than ever when it comes to email. Create a checklist to run through before you hit send. The checklist should include things like “check for broken links,” “add a subject line,” “send to Tina for proofreading,” or anything else that needs to be checked.
Get a proofreader. Typos and grammatical errors can make even the best looking email seem unprofessional, so many marketers live in fear of them. However, it’s very difficult to catch your own typos. Make sure emails have been proofread by at least one other person before scheduling.
Remember mistakes happen. If you mess up some element of an email, it’s not the end of the world. Mistakes happen, and your audience will forgive you. If you make a larger mistake, it can always be addressed with a follow-up email.

6 common email marketing fears

1. Fear of broken links

Broken links not only make your emails seem unprofessional, but they can also render them ineffective. No one wants to send an email with a broken link, especially if that link leads to a page that encourages subscribers to convert.

How to break your fear of broken links: Take advantage of pre-send testing tools provided by your email service provider (ESP). Send test emails to yourself and a colleague, and click every link.

2. Fear of typos

Typos are simple mistakes. They usually don’t mess up your overall message, but they undermine your professionalism. Typos make it seem as though you didn’t proofread.

As a marketer, you want to avoid typos at all costs, but your own typos are very difficult to catch. It’s been scientifically proven that we have difficulty seeing our own mistakes, making the process of finding and fixing typos all the more frustrating.

How to break your fear of typos: Before sending an email, read it out loud. Go slow, and focus on every word. One common technique is to read the message from the end to the start in reverse order, because this can help you catch typos. Some folks even like to print the email out if that helps. Because your own typos are so difficult to catch, you should also send all emails to multiple proofreaders before sending.

3. Fear of elements not rendering

When you create an email, you make a lot of decisions about design. You use compelling imagery, pick out fonts and colors, and make sure the email is on brand. All of these elements contribute to the overall look and feel of your message, so you want to make sure everything renders correctly.

Thankfully, it’s possible to get a good idea of what emails will look like before hitting send. You can send test emails to a number of different email clients to see how everything renders, then troubleshoot from there.

How to break your fear of rendering issues: Send test emails to different email clients through your email service provider or a service like Litmus.

4. Fear of bad results

There’s a lot of excitement that happens when we send out emails, especially if it’s a new campaign. Perhaps a new email strategy will result in the highest open rate in the company’s history, a ton of new sales, or heaps of helpful feedback.

Even though there is great potential for a new campaign, it’s easy to get caught up in the fear of bad results as you wonder whether your email will do its job. Sometimes, the anxiety around bad results can be so intense that marketers opt to never send any boundary-pushing campaigns at all.

How to break your fear of bad results: Give yourself permission to try things out. Understand that email marketing is all about refinement. Not every email needs to be a smash hit, and gaining insight into what doesn’t work is just as helpful as insight into what does.

5. Fear of bad data leading to poor personalization

Personalization is extremely powerful. In fact, email campaigns with personalized subject lines are 26% more likely to be opened and marketers have found a 760% increase in email revenue from segmented campaigns. It’s a no-brainer to send someone the right message at the right time with content that’s perfect for them.

However, marketers worry that their data is imperfect, and that their personalization efforts will fail because of it. For example, if they want to send an email with dynamic content that shows a different image to men vs. women, they need to ensure their data is correct.

How to break your fear of bad data: Update your sign-up forms and ensure your integrations are working correctly. If necessary, use Campaign Monitor’s custom API to make sure the right data is passed through.

6. Fear of sending to the wrong list

Today’s marketers care deeply about having strong, quality email lists. Your lists matter, and you never want to send the wrong email to the wrong group. After all, that breaks the promise you’ve made to your subscribers– that you’ll always send them relevant information that matters to them.

To ensure you send email campaigns to the right lists, make sure your lists are well-labeled so you never confuse them. Additionally, you should make sure that “checking the list” is part of your email sending pre-flight checklist. Lastly, ensure you exclude potential list members you may not want to receive the email.

How to break your fear of sending to the wrong list: Make sure your email lists have descriptive names so you don’t confuse them. Each time you send an email, double-check the list you’re sending it too.

Wrap up

It’s natural to feel anxiety before sending out an email, especially if that email will reach just one or hundreds of thousands of subscribers.

Don’t let send fear stop you from breaking new ground when it comes to your email marketing. If you use these tips, you’ll be able to alleviate your fears and feel confident each time you hit send.