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28 Apr 16:54

Pricing Power; Boomerang; Conversation Possession; 10 CEOs Needed

by Verne Harnish

"...insights for scaleups"

HEADLINES:

10 CEO Interviews Needed -- are you using customer funding to fuel your growth i.e. are you a fan of John Mullins' Customer Funded Business book? See below, but first...

May 2 Cutoff -- if you're planning to attend the ScaleUp Summit May 23 - 24 (almost sold out) and/or Scaling Up User Conference May 25, the cutoff for getting the conference hotel room rate is May 2.

"Conversation Possession" -- taking a page from futbol powerhouse FC Barcelona's One-Phrase Strategy of "ball possession" Andrew Bentley created a quarterly theme around "conversation possession." Notes Bentley, Regional Director for SAS in Canada:

We gave out mini soccer balls, drawing the analogy that when FC Barcelona has the ball, which they do 70% of the time, there's no scoring opportunity for the opponent. If we own the conversations in our market, we have the ear of the decision makers i.e. if we're meeting the VP Marketing on Tuesday at 11am, my competitors can't. So let's own the conversations in our market.

What is your quarterly theme? How do you block the competition? BTW, congrats to Lionel Messi who scored his 500th career goal as Barcelona defeated Madrid in the final 10 seconds of the El Clasico on Sunday.

Pricing Power -- The Atlantic published a lengthy, but insightful, article on pricing titled "How Online Shopping Makes Suckers of Us All." Instead of leveling the playing field, the internet and it's access to our shopping habits is leading to many of us paying higher prices than others.

The price of a can of soda in a vending machine can now vary with the temperature outside. The price of the headphones Google recommends may depend on how budget-conscious your web history shows you to be, one study found. For shoppers, that means price-not the one offered to you right now, but the one offered to you 20 minutes from now, or the one offered to me, or to your neighbor-may become an increasingly unknowable thing. "Many moons ago, there used to be one price for something," Dolan notes...Which raises a bigger question: Could the internet, whose transparency was supposed to empower consumers, be doing the opposite?

Boomerang -- The same article highlights a startup called Boomerang that helps major companies make billions of real time pricing decisions. Notes the article:

..its software engine isn't built to match the lowest price out there. (That... would be a simple algorithm.) It's built to manage consumers' perception of price. The software identifies the goods that loom largest in consumers' perception and keeps their prices carefully in line with competitors' prices, if not lower. The price of everything else is allowed to drift upward.

What are you doing to up your pricing game? Please take 15 minutes to study this article and keep dynamic pricing at the heart of your strategy.

10x Price Increase -- I was the closing keynote for Mark Moses' CEO International Summit this past weekend and expounded on the importance of pricing. One of the CEOs in attendance learned that a big reason his $30,000 solution wasn't selling is that the customers thought it was way too inexpensive to solve their problem - and that they had allocated $300k for a solution. So he10x'd the price and the rest is history! How much are you leaving on the table?

Unconditional Service Guarantees -- drawing from the ideas of this classic 1988 HBR article titled "The Power of Unconditional Service Guarantees", Hugh Smallridge, Managing Director of UK-based Ashwood, established a Saleability Guarantee. Notes Smallridge:

We are selling items to retailers, so their success at selling the product on to consumers is essential to our success - so that they come back and buy more. Our Saleability Guarantee means that if you have unsold stock after 3 months, we'll collect it and replace it with stock of your choice, credit it or refund it. No quibble!

And the results?

We do have to take stuff back - the odd leftover grotto presents or whatever - but the fact that we landed 285 new customers last year (we supplied 815 customers in total last year), and 139 so far this year, tells me the guarantee is paying for itself very well! Because it's a no brainer for the customer - why wouldn't they want to try some of our products on this basis?

Smallridge concludes:

I think guarantees are vital to a successful business strategy - that and having unique products. I think the key is that the guarantee must be compelling and risky enough that it will cost you something. If it doesn't, it's not powerful and compelling enough.

London Business School (LBS) Course -- want to be featured in an LBS online course? We're shooting a Master Class with the famous Professor John Mullins and we need to include 10 CEO video interviews. Are you a fan of his book The Customer-Funded Business? Are you fueling the growth of your firm from customer cash flow? Are you collecting larger upfront deposits like Elon Musk? Do you have a membership fee like Amazon or Costco? Are you getting customers to pay you faster? Please email daniel@growthinstitute.com if you're interested in being featured in Professor Mullins' course. We'll fly to you to shoot the video.

TECHNOLOGY:

Create Hyper Focus on the IMPORTANT
Click Here to Watch a video example.

Align Software knows before you do when someone needs to re-focus effort on the important. With Green, Yellow, Red pacing capabilities your team will know where they stand even before you do! Scale Up your Rockefeller Habits implementation with www.alignwithgazelles.com - on your computer, tablet or phone. $5.00 per month gets you started.

Better Book Club -- What's your team reading? Increase your books read per team member. Easy, Proven, and in the Cloud at http://www.BetterBookClub.com.

COACHING:

Have you ever wondered if working with a coach might accelerate your company's growth, exponentially? Do you have what it takes to move the dial from good to great? Click here to watch Gazelles International President Keith Cupp describes the four most important attributes of successful clients. Contact us at info@gicoaches.com for more information.

And if you're interested in becoming a world-class certified Gazelles International coach, please go to gicoaches.com/becomeacoach for more information. If you determine that we're a fit and wish to join our premier organization, we invite you to contact our Dir. of Coach Engagement at Amy@GICoaches.com or 877.217.2253 ext.700.

28 Apr 16:34

Which B2B Lead Generation Channel Should I Pick For My Business?

by Chris Zawisza

Have you been in this meeting? Your company announces its new growth target and it is bound to find those customers. And the new growth target? Eye-wateringly high. You need to establish a new B2B lead generation channel and you need one now. Luckily or unluckily for you, you are spoiled for choice. That means there are no easy decisions. It only raises a lot of questions.

Which channel is the best for B2B lead generation?

Which one is better for my business specifically? Should I focus on inbound marketing, for instance? The idea of customers coming to me without having to make desperate sales calls all day is super sexy. Or should I focus instead on outbound sales? The fact that I don’t have to sit around waiting for somebody to become interested in my services but instead I can go after my customers and see much faster ROI, sounds pretty appealing as well. Do I even have to pick one?

Before you decide on a course of action, let’s look at your options for a B2B lead generation channel a bit more closely:

  • Friends and family

    Your personal and professional network is always a great place to start. After all, it’s the source of the warmest leads you can get. They will always listen to you and are often personally invested in your success. Of course, the flip side is that even the most popular people have a finite number of potential customers they are already intimately acquainted with.

  • Conferences

    These are great because you have a huge number of potential buyers in one place. And you don’t even have to fight for a meeting with them. They are all there and available to talk to. This can be a great one-time shot in the arm for your lead pipeline but it is rather expensive and difficult to scale (Hubspot found that B2B businesses were spending 12% of their lead generation budget on trade shows but only getting 9% of their leads from there), compared to other sources of B2B leads.

  • Partners

    If you are lucky enough to have a robust network of partners, they can be a great source of warm leads. Unfortunately, not every business is so lucky. If you are starting from scratch, it will be very difficult to build a partnership network. It is probably best for mature businesses which have strong brands and lots of resources.

  • Paid ads

    PPC ads can be very powerful when you get your keyword targeting right, in a place where everyone is looking. And where is that place? Google of course with its nearly 80% of the global search market (sorry, Bing lovers, but it’s true). If you are selling a solid product or service (and you should), Google is the place to be. And because Google is the place to be, everyone else is there too. This means that this can be expensive to outbid people on your keywords at the best times (the keyword “insurance” costs over 50 dollars per click!) and can lead to very low ROI when you are just starting out. That said it can be a great way to position yourself against your competitors.

  • Inbound (content+SEO)

    When done right, Inbound can create a deluge of leads for your funnel. You create a content strategy around your brand and the problems you are solving. By producing 10x content, you build your image as an expert in a certain field, bringing organic traffic to you and your website. You can then use lead nurturing and retargeting in order to convert inbound leads into paying customers. The advantage of inbound is that it compliments other B2B lead generation channels like outbound nicely.

    The downside is that inbound takes a while to set up and get right. That means a rather slow ROI but when it starts working, the leads roll in.

    inbound marketing

  • Outbound sales

    This is probably the easiest B2B lead generation channel that you can set up. All it requires is an email account. Apart from that, the ROI is almost instant. It is possible to send an email one day, schedule a meeting the next, and close the sale right after that. And what is more, it’s predictable. When fully ramped up (which only takes a few months) you will be able to count on the fact that you will, for example, always get 5 new customers when you contact 400 people.

    It’s scalable too. What if you need more customers? Well, it is as simple as contacting more people. The simplicity of the method and the almost instant feedback makes it easy to test new targeting, markets, and value propositions.

So which B2B lead generation channel should I choose

If…

  • This is your first B2B lead generation channel

    Outbound is the best way to go. It is super easy to start, you see the fastest ROI, and can quickly validate your product and the new markets you want to enter. It’s also the most predictable and sustainable channel out there, which is crucial for any new business that needs a dependable revenue stream.

    b2b lead generation
    You will save a ton of time and see much better returns if you find a tool that combines all of the elements you need to start (prospect data + email automation + knowledge). It should come as no surprise to you to find that this tool is Growbots.

  • You are already doing outbound sales

    Add an Inbound channel. The thing is that good content is incredibly useful for your outbound campaigns. You can include it in your outbound campaigns, providing more value for your prospects. Also, it can help bring a prospect who opened your email but didn’t convert, back to your brand. You then have a chance to add them to your inbound funnel and have another chance to sell to them.

    The stability that your outbound channel provides will give you the leeway to tinker with your inbound channel until it gets going. Once it gets going it will provide you with a steady stream of leads.

  • You are already doing inbound marketing

    Then start an outbound channel ASAP. You will end up with better returns by combining these two, because you can use your inbound content to support your outbound campaigns. These two lead generation channels work together in a perfect harmony to ensure that you have a steady flow of leads in your pipeline.

Now’s the time to start a B2B lead generation channel for your company.

Want to kick off an outbound channel? You can read here about what you need to start.

27 Apr 15:39

35 Amazing Resources to Learn About Growth Hacking

by Greetje den Holder

By now, you know about growth hacking and you know what it is not. At least, you know what growth hacking is not if you have read my blog Here Is What Growth Hacking Is NOT. If you still have questions about growth hacking, you may find your answers here.

In this blog, I will offer you 35 resources that allow you to learn about growth hacking. If you put much effort into it, you may even master it! First, you will find 6 ways to learn about growth hacking. Then, you will find 23 online growth hacking courses and 12 growth hacking experts to follow. This way, you will get a solid foundation of growth hacking knowledge and you will be able to continue to learn about it.

‘35 Amazing Resources to Learn About Growth Hacking’ In this blog, I will offer you 35 resources that allow you to learn about growth hacking. If you put much effort into it, you may even master it! First, you will find 6 ways to learn about growth hacking. Then, you will find 23 online growth hacking courses and 12 growth hacking experts to follow. This way, you will get a solid foundation of growth hacking knowledge and you will be able to continue to learn about it. Read the blog here: http://bit.ly/GHRes

6 ways to become a growth hacker

Growth hacking is quite a broad topic. That also means there are several ways to learn how you can become a growth hacker. Icma.org has listed 6 of them for you.

1. Start devouring as many books as you can about growth hacking

To truly gain an understanding of growth hacking and the process it requires, start obtaining as much information about it as possible. Once you have obtained all of the information you need, start putting it into practice. As a growth hacker, putting your knowledge into action will always be an important step.

2. Get a mentor who has done it before

The first step is reading as much as you can, but having a mentor to help guide you through the learning process is vital. A mentor can help you overcome some of the greatest obstacles that accompany growth hacking. In addition, you will learn valuable insider growth hacking secrets. Make sure to ask for help from someone who does it as a profession.

3. Start connecting all of your thoughts to growth hacking

Growth hacking has always been more about mindset than about tactics and techniques. To become a truly successful growth hacker, you have to have an unshakeable desire to produce growth constantly. Every task that you take on should be directly tied to an attempt to grow.

4. Master hacking one step at a time

Growth hacking is not unlike a person’s effort to obtain a college education without ever actually going to college. All on your own, you have to figure out where to start, what to put in your curriculum, and what to study. Break down your learning process into manageable segments and tackle one portion of growth hacking at a time.

5. Learn about marketing

Growth hacking is a single factor in the broader field of marketing. So, to be a truly successful growth hacker, you have to become a truly successful marketer. Learn the basics of marketing because everything you do as a growth hacker will come from the core concepts of marketing.

6. Become an analytics expert

As a growth hacker, you will take action according to what the data tells you, so you will also want to develop a dependency on it as well. Data will help you determine what parts of your marketing ventures are working and what parts are not. It will help you to decipher growth from decline and the raw information required to plan your decisions and behaviors.

BudgetVertalingOnline for affordable translations into English and Dutch

23 online growth hacking courses

As you can tell from the information above, learning about growth hacking should be aimed at marketing and analytics, among other areas. Apostle Mengoulis adds coding to this mix. He lists 23 online courses that will help you become a growth hacker, which he categorizes into overall growth hacking, marketing, coding, and data analysis. I thought this list was helpful, so I wanted to share it with you. For links to the courses described, please visit the original article.

8 growth hacking courses

  1. The Ultimate Introduction to Growth Hacking | Growth University | $99

Learn how to acquire more customers and model your product’s growth from one of the world’s first international growth hacking agencies. This course will help you adopt a growth mindset and process, essential to executing your growth strategies.

  1. HypeBomb – Growth Hacking for startups | Udemy | $99

HypeBomb is a course on how to get more clients for your startup. It concentrates on marketing strategies that worked every time in the past. Learn how to get more clients and convert them into paying customers.

  1. Growth Courses | by GrowHack | 69$/month

If you have the budget and the desire to spend it wisely, you should attend these classes. You get access to exclusive discounts, expert & personalized support for each class, and all course updates.

  1. Learn Growth in 30 Days | by Growthmint | In Beta

Want to learn about analytics, conversion rates or the growth funnel? Growthmint prepares the right course for you. It is currently in beta, so most probably will be available for free.

  1. Growth Hacking: Lean Marketing for Startups | Udemy | $49

This course offers a chance to learn the secrets of how the world’s fastest growing companies got their first million users, or what tools only growth hackers know for building hacks quickly with almost no time or experience necessary.

  1. Startup Growth Hacking: 19 Actionable and Advanced Tactics | Udemy | $49

The mind behind Moz will walk you through 19 proven and actionable growth hacks to grow. All video lectures, eBooks, and worksheets are download-enabled.

  1. Learn How to Get Your First Million Users | Udemy | $59

The course focuses on viral loops and elements of virality.

  1. Learn to Explode Product Growth in Just One Month |OneMonth | $49

Overall, this could be the starting point for any entrepreneur, marketer, or engineer who wants to learn how to grow a product.

2 marketing courses

  1. An Introduction to Marketing | Coursera – University of Pennsylvania | Free

This course will teach the fundamentals of marketing by getting to the root of customer decision making. The course focuses on branding strategies, customer centricity, and new market entry.

  1. Digital Marketing Course | Google | Free

The Digital Marketing Course is an initiative designed to educate students in the area of Digital Marketing. Learn the basics of Search Engine Marketing, Search Advertising, Display Advertising, Mobile, Social, Analytics, and Video.

5 coding courses

  1. Intro to Computer Science| Udacity | $150/month

In this introduction to computer programming, you will learn and practice key computer science concepts by building your own versions of popular web applications.

  1. Web Development | Udacity | $150/month

Learn the basics of how the web works, and go through core web development concepts such as how internet and browsers fit together, form validations, databases, APIs, integrating with other websites, scaling issues, and more.

  1. Make A Website | Codeacademy | Free

Build a recent version of Airbnb’s homepage and learn the fundamentals of web development. Learn how to structure a web page using HTML, style it using CSS, and how to do all of this quickly using Bootstrap.

  1. Make an Interactive Website | Codeacademy | Free

Want to create drop-down menus, carousels and many other interactions for your website? Educate through building the Flipboard home page and learn how to add interactivity to your website.

  1. Learn How to Use Popular APIs | Codeacademy | Free

Learn how to use popular APIs and make your own applications. Each track teaches how APIs work in general, and then take a quick deep-dive in each API based on JavaScript, Python or Ruby.

8 data analysis courses

  1. Digital Analytics Fundamentals | by Google Analytics Academy | Free

Have an overview of today’s digital measurement landscape and be guided on how to build an effective measurement plan. It includes the best practices for collecting actionable data, descriptions of key digital measurement concepts, terminology, and analysis techniques, and it deep-dives into Google Analytics reports with specific examples for evaluating your digital marketing performance.

  1. Google Analytics Platform Principles | by Google Analytics Academy | Free

Learn about the four components of the Analytics platform: collection, processing, configuration, and reporting. Learn how Analytics collects the data you need across different devices, how your data is transformed before you see it in your reports, and key concepts for customizing your Analytics data in useful ways.

  1. Ecommerce Analytics: From Data to Decisions | by Google Analytics Academy | Free

Discover useful reporting and analysis techniques to help your e-commerce business make data-driven decisions using Google Analytics. Immerse yourself in the measurement planning process and practice navigating Google Analytics to improve the performance of an example e-commerce business.

  1. Mobile App Analytics Fundamentals | by Google Analytics Academy | Free

This is a course on mobile app measurement, so you can learn how using Google Analytics data can help you make your app more discoverable and more profitable.

  1. Lean Analytics Workshop | Udemy | Free

Here, you will learn how to use data to build a better startup faster. The Lean Startup movement advocated a new approach to finding the right product and market with a constant cycle of building, measuring, and learning. Now Lean Analytics dives deeper into the measurement component of that cycle.

  1. Intro to Data Science| Udacity | $150/month

Grab the opportunity to work through a data science project end to end, from analyzing a dataset to visualizing and communicating your data analysis. By working on the class project, you will be exposed to and understand the skills that are needed to become a data scientist yourself. Learn about data manipulation, data analysis, data communication and working with big data.

  1. Data Analysis with R | Udacity | $150/month

Exploratory Data Analysis (EDA) is an approach to data analysis for summarizing and visualizing the important characteristics of a data set.

  1. Introduction to Databases | by Stanford University | Free

Although this course is not running at the moment, you can go through the whole course completely for free directly through Stanford Online. Moreover, this course is available through Coursera and you can add it to your watch list for the near future. This mini-course provides a general introduction to databases and introduces the popular relational data model.

TranslationWebshop: the one stop shop for translations. TranslationWebshop: de one stop shop voor vertalingen.

12 growth hacking experts to follow

Reading books and taking courses allow you to acquire a solid foundation of growth hacking knowledge. Once you have established this knowledge foundation, a great way to keep up with the latest growth hacking news is following growth hacking experts on social media. Laxman Papineni has listed the top 12 growth experts that you should follow. Find their social media accounts, websites, and blogs, and start learning!

  1. Brian Balfour – Founder and CEO of Reforge

Not only was he the co-founder of startups like Viximo and Boundless Learning, both of which were acquired; he also worked in venture capital (VC) as an entrepreneur-in-residence. In other words, he has seen both sides of the coin: the startup, and the investor. He was also VP of growth at HubSpot.

  1. Andrew Chen – Head of Rider at Growth Uber

Much can be said about Uber, but we all know it has experienced unequivocal brand growth since its 2009 founding. Chen is responsible for that. He has also worked as both an entrepreneur-in-residence in the VC sector and as an “entrepreneur-out-of-residence.” In both capacities, he focused on growing early-stage businesses, like Barkbox and Tinder, wearing the hats of both a business owner and an investor.

  1. Sean Ellis – CEO of GrowthHackers

It could be said that Sean Ellis was a growth hacker before that term became a thing. In August 2008, he became the “interim growth executive” for Eventbrite. Since then, he has also served in interim growth roles with companies like Dropbox in their earliest stages. In other words, he helped some of the most recognizable names in tech grow.

  1. Nir Eyal – Best-Selling Author, Consultant, and Public Speaker

Nir Eyal has worked at companies like Sunshine Business Development and AdNectar, which lent to the expertise that went into his best-selling book ‘Hooked: How to Build Habit-Forming Products,’ which answers the question of how successful companies create products people cannot put down.

  1. Noah Kagan – Chief Sumo at Sumo Group

From Facebook to Mint, Kagan has helped to launch and market several products and services. Kagan’s blog OkDork is what he calls a guide to “marketing, business musings, online communities and other things to kill time while you are at work.”

  1. Brianne Kimmel – Growth Marketing at Zendesk

Zendesk is one of those SaaS companies that just keeps growing, despite a constantly-evolving environment. It has the agility to adapt to a changing market. Brianne Kimmel oversees the marketing and growth strategies to embolden the company’s conversion. She also contributed to the growth of companies like Hotwire and HotelClub, which is now an Orbitz company.

  1. Fareed Mosavat – Senior PM of Growth at Slack

Fareed Mosavat has set foot in a number of big-name, early-stage tech companies and led the growth of major products. From RunKeeper to Instacart, Mosavat knows how to take data and use it to build something significant.

  1. Neil Patel – Co-founder of KISSmetrics and Hello Bar

Often quoted in my blogs, he is kind of a growth rockstar. He founded KISSmetrics, which has become one of the leading, most recognizable analytics platforms. Today, he continues to juggle various outlets as a growth expert. Think of Crazy Egg, Quick Sprout, his own website, and a podcast.

  1. Sujan Patel – Co-founder of Web Profits

Sujan Patel is the co-founder of growth marketing agency Web Profits, the co-founder of Mailshake, and one of the minds behind LinkTexting. He is also a regular contributor to Forbes and has a blog.

  1. Eric Peters – Senior Growth Marketing Manager at HubSpot Academy

Eric Peters is responsible for driving growth for HubSpot Academy’s free courses, which come with a suite of free marketing and sales tools to apply to what you are learning in the HubSpot growth stack. Before HubSpot, he was tasked with measuring and optimizing how users flowed through the platform-as-a-service (PaaS) company he previously worked for. He often shares his insights with the public on the HubSpot Academy blog and in videos.

  1. Rebecca Rosenfelt – Product Manager at Airbnb

Rebecca Rosenfelt arrived at Airbnb when it acquired her company Inhabit Vacations. The acquisition was part of Airbnb’s global growth strategy and its efforts to cultivate a recognizable presence. Rosenfelt was hired to initiate and oversee that growth.

  1. Alex Schultz – VP of Growth at Facebook

In the span of 12 years, Facebook has gone from a small, academic-only online toy to a publicly-traded, consistently growing media distribution platform. Since 2007, Alex Schultz has been responsible for that growth. He previously managed affiliate marketing in the U.K. for eBay.

27 Apr 15:37

Is Your “Why” Helping Your Clients

by Anthony Iannarino

I attended an event last week, and the subject was social media marketing and personal branding. As the representatives of the host company shared their frameworks around messaging, a branding person immediately asked the question, “Where is the ‘why’?” He went straight to the idea that a brand is built on some big idea, some big “why?”

Inevitably, someone mentioned Steve Jobs, “Put a dent in the Universe” quote, which defies any explanation or quantification (it was just Jobs being Jobs). Sinek’s explanation is far better.

In marketing, the “why” is overplayed.

It’s Not About You

I know that explaining your “why” is better than showing your prospective client a deck that starts with your logo, moves onto the ultra-compelling content that is your company history, followed by your locations, your board members, and the logos of the clients you serve. Your values are certainly more compelling then a lot of what’s in your deck.

That said, are you trying to create a preference for you, your solution, and your company? If so, you demonstrate you are someone worth doing business with when you begin the conversation about what your prospective client wants.

Mind-share Precedes Wallet Share

When I speak to companies about Level 4 Value Creation, I ask them to share their marketing material with me. The vast majority of their material is about their company, their products or services, features and benefits, and technical specs. This content is devoid of any real insight or values. It’s Level 1.

A smaller amount of their marketing material is Level 2. It speaks to the experience of the client or customer. That stack of marketing collateral is much smaller than the Level 1 content.

Then, we get to Level 3 content, or tangible business results. Almost everyone has a few case studies and white papers. More sophisticated content creators have some tools, like cost calculators.

If there is anything that is Level 4, it’s not much. Almost nothing speaks to the strategic challenges the client is having, the reason they are having those challenges, why they should change now, and what changes are going to be necessary to avoid risks and capitalize on opportunities—all of the things a trusted advisor would provide. There is almost nothing that expresses a strong point of view about what is right and what is wrong.

Your point of view is better than your “why” because it is focused on what your dream clients needs, why they need it, what they should do now, and what the right answer looks like. Your “why” is helping your clients, isn’t it?

The post Is Your “Why” Helping Your Clients appeared first on The Sales Blog.

27 Apr 15:34

6 Competencies Possessed by the World’s Best Sales Leaders

by Eliot Burdett

Whether you are talking about sports coaches, military generals or senior executives in business, strong leaders are hard to come by and make all the difference.

In today’s rapidly evolving business environment, strong and effective sales leadership is the most critical piece required to build a high performing sales team. In fact, a study published by Harvard Business Review found that 69% of salespeople who exceeded their annual quota – top performers – rated their sales manager as being “excellent” or “above average.”

However, hiring a Vice President of Sales is one of the most frequently botched hires in all of recruiting. Corporate leaders have a tendency to want to promote superstar sales reps into manager positions thinking the competencies transfer on a one-to-one ratio. But because they are vastly different roles with different skill sets, this results in alarmingly high sales management mis-hire rates.

The Sales Management Association’s Hiring Top Sales Managers Research Report found that more than 75% of sales reps promoted into a management role will return to a sales position within two years, while Sales Benchmark Index reports the average tenure for a new Vice President of Sales is only 19 months.

As the CEO of Peak Sales Recruiting, we have seen some of the most successful companies in the world misfire when it comes to hiring sales leaders. The cost of a bad sales hire is enormous and reverberates across the company in a myriad of ways from lost market share to damaged sales team morale.

Thankfully, there are ways to mitigate this risk and it starts with knowing the competencies possessed by the world’s best sales leaders.

Here are the top 6 competencies of great sales leaders in order of importance:

  1. They attract, acquire, and develop talent: The best sales leaders understand that recruiting proven talent has the biggest impact on their ability to meet aggressive revenue targets. They know that their talent acquisition and development plan can’t just be tied to the sales strategy, it needs to go beyond and link to the corporate strategy to remain agile.
  1. They develop strategic plans using data: The best sales leaders understand industry trends and patterns; they take a data-driven approach to analyzing market and territory potential, and use this information to optimize the size, structure, and profiles of their teams to ensure the sales strategy is successfully executed.
  1. They know how to motivate: Sales teams that possess energy and confidence are successful, and good leaders know how to keep morale high whether business is at a peak or in a slump. Since motivation is an intangible quality, the best sales leaders develop unique approaches that are tailored for their people. They know, for example, that being creative and fun with sales competitions or unique vacation rewards can often pay huge dividends. For example, Rick Hanson, the former vice president for Hewlett-Packard Enterprise Security, said his company had success implementing a Fantasy Sales Team that worked just like a fantasy football team where players (sales reps) got points for increasing a pipeline or closing a deal.
  1. Uses a customized management approach: Great sales leaders understand that each team member is unique. Phil Jackson, who coached Michael Jordan, Kobe Bryant and is the winningest coach in NBA history with 11 championships, famously assigned each player a book to read that he thought would benefit their mentality and approach to the game. The leadership lesson every great sales leader knows is that there is not a one-size-fits-all management approach. The best adapt their style to get the most out of every team member while keeping them in lockstep with company objectives and strategic priorities.
  1. Are target driven and vigilant: The best sales leaders are vigilant about achieving quotas and keep their team focused on daily, weekly, quarterly and annual goals. They are not easily distracted from their core mission and don’t let obstacles impede their ability to achieve their strategic objectives.
  1. They must be able to sell, but only sometimes: This is the last tip by design because it does not deserve to be in the top five. Yes, it is important for your sales leader to be able to sell – but only where their experience, pedigree, and position add critical value that helps salespeople execute the right sales process.

The biggest mistake companies make when hiring a sales leader is equating their individual sales success with their ability to recruit, train and lead a sales team that delivers against its number. But organizations that hire candidates who possess these 6 competencies will see a rise in the effectiveness of their salesforce.

The post 6 Competencies Possessed by the World’s Best Sales Leaders appeared first on OpenView Labs.

27 Apr 15:34

AI Medicine Comes to Africa’s Rural Clinics

Smartphone-based diagnostic tools with an artificial intelligence upgrade could save millions of lives
Photo: Riccardo Gangale/Pink Ribbon Red Ribbon
<b>Come One, Come All:</b> As part of a cervical cancer prevention campaign in six African countries, the nonprofit Pink Ribbon Red Ribbon works with local health clinics on special screening and education events, such as this one in Botswana. 1/4

Come One, Come All: As part of a cervical cancer prevention campaign in six African countries, the nonprofit Pink Ribbon Red Ribbon works with local health clinics on special screening and education events, such as this one in Botswana. Photo: Riccardo Gangale/Pink Ribbon Red Ribbon

<b>A One-Stop Shop:</b> Here, women in Zambia learn about cervical cancer and are screened for signs of the disease. Women with positive results can be treated immediately at the clinic. 2/4

A One-Stop Shop: Here, women in Zambia learn about cervical cancer and are screened for signs of the disease. Women with positive results can be treated immediately at the clinic. Photo: Riccardo Gangale/Pink Ribbon Red Ribbon

<b>Training Day:</b> The cervical cancer screening campaign relies on a tool called the EVA Scope. Here, nurses learn how to use the tool at a training camp in Kenya. 3/4

Training Day: The cervical cancer screening campaign relies on a tool called the EVA Scope. Here, nurses learn how to use the tool at a training camp in Kenya. Photo: Emily Johnson

<b>AI Medicine:</b> A nurse at the Kenya training camp explains the EVA Scope's features. Soon this tool will integrate an artificial intelligence program to make it easier for health workers to identify signs of cancer. 4/4

AI Medicine: A nurse at the Kenya training camp explains the EVA Scope's features. Soon this tool will integrate an artificial intelligence program to make it easier for health workers to identify signs of cancer. Photo: Emily Johnson

In rural health clinics across Kenya, women have started showing up with a surprising request: They’ve come for their “cervical selfies.”

Their enthusiasm is a good omen for a public health campaign against cervical cancer now under way in six African countries. Using an optical accessory that snaps onto any Android smartphone and makes use of its camera, health workers are examining women and catching early signs of cancer, enabling them to get immediate treatment. And soon this diagnostic device will be better still. With the integration of artificial intelligence, this technology may serve as a model for smarter health care in Africa and beyond.

The screening campaign relies on a tool developed by the Israeli company MobileODT—the acronym stands for “optical detection technologies.” Health workers use a clip-on attachment, called the EVA (enhanced visual assessment) Scope, to turn a smartphone into a device similar to a ­colposcope, the tool gynecologists use to view a magnified image of a woman’s cervix. With an associated phone app, the screeners can analyze the image, show it to the patient, and store the data in the cloud.

The campaign’s organizers originally worried that women wouldn’t be willing to be examined in such an intimate way—but in fact, many women have been not only willing but also quite interested in seeing their photos. Instead, the big challenge is ensuring that health workers make accurate diagnoses from these images. That’s where AI comes into play.

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Photo: MobileODT
Expert Eye: The EVA Scope clips onto any Android smartphone and uses its camera. It acts as a cheap and user-friendly colposcope, the tool gynecologists use to view a magnified image of a woman’s cervix.

At Global Good, the innovation hub where two of us (­Champlin and Bell) work, we want to use today’s ubiquitous mobile technologies to transform health care, particularly in parts of the world that lack medical infrastructure. As a test case, we partnered with MobileODT to integrate machine-learning technology into the EVA Scope. In late 2017 we’ll begin field trials in Ethiopia.

This initiative fits the mission of Global Good, a collaborative effort between Bill Gates and the Bellevue, Wash.–based company Intellectual Ventures: to develop technologies that improve people’s lives in poor parts of the world. In this case, we’re drawing from seemingly esoteric research in machine learning and taking advantage of what are called convolutional neural networks (CNNs). Intellectual Ventures’ founder Nathan Myhrvold pioneered the idea of applying these computer science tactics to medical diagnostics, arguing that we can use CNNs to transform mobile phones into supersmart diagnostic tools, and thus help save millions of lives. It may not be possible to send an expert doctor to every health clinic across Africa—but with AI, we can send their expertise.

There’s good reason to focus on cervical cancer as a test case for this technology. About 270,000 women die from the disease every year, according to the World Health Organization, and 85 percent of those deaths occur in low-income countries. The disease strikes women in their prime adult years, when they’re raising families and earning money. That’s why the nonprofit Pink Ribbon Red Ribbon, which fights women’s cancers in countries where the need is greatest, has partnered with groups around the world to provide cervical cancer screening at local health ­clinics. (One of us, Schocken, is Pink Ribbon Red Ribbon’s CEO.)

There’s also good reason to think this campaign will make a real difference: Unlike so many forms of cancer, cervical cancer is largely preventable, treatable, and curable. Screening exams can reveal the early warning signs of the disease, which typically takes 10 to 15 years to progress to a dangerous stage. So health professionals have a tremendous opportunity to diagnose and treat this potential killer.

Up until now, though, the costs of wide-scale screening have been prohibitive in developing countries. Pink Ribbon Red Ribbon, based in ­Washington, D.C., estimates that only 5 percent of women in Africa have been checked.

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For the traditional screening protocol that’s been used around the world for decades, a health worker takes a sample of cervical cells (a Pap test), sends the sample to a lab for analysis, and then waits for results. This process is not only expensive; it can also take weeks in places with rough roads and few labs. Despite the slow-growing nature of cervical cancer, delay has serious consequences. Without same-day screening and treatment, many women never get the care they need. Women don’t follow up for many reasons: They may not be able to travel to the clinic again, their husbands may raise objections, or they may not understand the need to return.

A lifesaving breakthrough came in the 1990s when researchers realized that applying acetic acid—the basis of simple household vinegar—to the cervix causes precancerous lesions to turn white. A health worker can then destroy those abnormal cells in much the same way dermatologists remove a wart, with either heat or cold. This fast and relatively painless treatment stops cancer from developing—for a total cost of less than US $20. (In wealthier countries, women may opt for long-term monitoring of precancerous lesions or a more thorough surgery, but these options aren’t usually feasible in places like rural Kenya.)

Clinics in many developing countries are adopting visual screening programs, which have probably saved hundreds of thousands of lives already. However, the procedure isn’t perfect. Frontline health workers need training and supervision to differentiate between lesions that are truly signs of impending cancer and the many suspicious-looking conditions that are actually benign. Screeners may also miss evidence of advanced cancer that requires referral to a specialist.

The team at Global Good saw this situation not as a medical challenge but as a software engineering challenge. Where human eyes needed help, we would bring computer vision backed up by artificial intelligence.

We started by reviewing images of the cervix obtained by colposcopes. We quickly realized that typical computer vision software couldn’t handle this large and complex data set because the images had too many features with too much variability. We simply couldn’t design algorithms with detailed and exhaustive procedures for distinguishing between a healthy cervix and one with signs of trouble.

The situation called for machine learning—the branch of computer science in which the computer is given an objective, a software framework, and a large training data set, and is then left to create its own solution for carrying out the task at hand.

A common type of machine learning relies on deep neural networks (DNNs), so named because the computing scheme loosely mimics the brain’s interconnected neurons. Each computing node can be thought of as a neuron with many inputs. The artificial neuron performs some function based on those inputs and then outputs a single signal, which can serve as one of the inputs for other neurons. By arranging many layers of connected neurons, computer scientists enable these networks to handle tremendously complex tasks.

While the architecture of neural networks is inspired by the human brain, this brand of AI is far removed from human ways of thought. If somebody is explaining how to visually identify a bottle of beer in a store that also stocks bottles of wine, juice, and water, that person would likely describe its distinguishing features in terms of height, diameter, shape, texture, color, and patterns. Some descriptors might include analogies such as “satin finish” or “orange-peel texture.” Every feature would be based on, and limited by, our human senses and perception. Yet that list wouldn’t include all the factors that our brains use to distinguish one object from another, because much of the process is subconscious.

If we used a human list of features as the basis of an algorithm for recognizing beer bottles, we’d likely get poor results. So instead we’d feed a DNN thousands and thousands of highly variable images of bottles, with metadata indicating whether each image does in fact show a beer bottle. Through a complicated series of training runs, the network can eventually determine, on its own, the relevant distinguishing features. Many similar experiments have shown that neural networks can identify features quite unlike those any person would come up with. And their lists of salient features, cryptic as they are, often enable superb performance.

A convolutional neural network (CNN) is a type of machine learning program that’s well-suited for image classification tasks—like spotting the early signs of cervical cancer. Here’s a simplified account of how a CNN works. 1/12

A convolutional neural network (CNN) is a type of machine learning program that’s well-suited for image classification tasks—like spotting the early signs of cervical cancer. Here’s a simplified account of how a CNN works.

To train a CNN to distinguish between a healthy cervix [left] and one showing signs of cancer [right], we input thousands of labeled images. For its first run through the image set the CNN chooses a set of filters to scan the image for particular features, and it decides how much weight to give each filter. When finished, it checks its accuracy. Based on the results, it changes the filters and weights before its next run. 2/12

To train a CNN to distinguish between a healthy cervix [left] and one showing signs of cancer [right], we input thousands of labeled images. For its first run through the image set the CNN chooses a set of filters to scan the image for particular features, and it decides how much weight to give each filter. When finished, it checks its accuracy. Based on the results, it changes the filters and weights before its next run.

Let’s break it down further. To make an assessment of a digital image, the CNN looks at the image on the scale of its individual pixels. Each pixel is represented by number values for its red, green, and blue channels. 3/12

Let’s break it down further. To make an assessment of a digital image, the CNN looks at the image on the scale of its individual pixels. Each pixel is represented by number values for its red, green, and blue channels.

The CNN uses a multitude of filters (the individual “neurons” in the neural network) to examine the image in chunks. Here, it’s looking at chunks of 3 by 3 pixels. 4/12

The CNN uses a multitude of filters (the individual “neurons” in the neural network) to examine the image in chunks. Here, it’s looking at chunks of 3 by 3 pixels.

A filter performs simple calculations, multiplying its own number values by the pixel values in the first chunk. The filter looks for a particular feature in the image—perhaps an angled line or a certain gradation of color—as represented by pixel values. 5/12

A filter performs simple calculations, multiplying its own number values by the pixel values in the first chunk. The filter looks for a particular feature in the image—perhaps an angled line or a certain gradation of color—as represented by pixel values.

The resulting products for the first chunk are summed up, and the total is put down in one cell of a grid (see next slide). Then the filter moves over one pixel to the right and looks at the next 3-by-3 chunk. 6/12

The resulting products for the first chunk are summed up, and the total is put down in one cell of a grid (see next slide). Then the filter moves over one pixel to the right and looks at the next 3-by-3 chunk.

One chunk at a time, the filter scans the image to fill in grids for the red, green, and blue channels. Then the grid cells are summed up along with a number called the weight, which represents the importance of this filter for the final output. This produces a new grid with the final sums. 7/12

One chunk at a time, the filter scans the image to fill in grids for the red, green, and blue channels. Then the grid cells are summed up along with a number called the weight, which represents the importance of this filter for the final output. This produces a new grid with the final sums.

Two more simple steps finish this filter’s work. In the rectified linear unit (RLU) step, the negative numbers among the sums are replaced by zeros. In the max pooling step, the highest value in each two-by-two chunk is selected. The end result is a simple set of numbers called a feature map. 8/12

Two more simple steps finish this filter’s work. In the rectified linear unit (RLU) step, the negative numbers among the sums are replaced by zeros. In the max pooling step, the highest value in each two-by-two chunk is selected. The end result is a simple set of numbers called a feature map.

A typical CNN may have hundreds of filters in each convolutional layer. Each filter performs its simple calculations and feeds its filter map forward to all the filters in the next convolutional layer. Those filters examine the feature maps in the same chunk-by-chunk way. 9/12

A typical CNN may have hundreds of filters in each convolutional layer. Each filter performs its simple calculations and feeds its filter map forward to all the filters in the next convolutional layer. Those filters examine the feature maps in the same chunk-by-chunk way.

For each digital image, a CNN uses many convolutional layers, each packed with many filters. 10/12

For each digital image, a CNN uses many convolutional layers, each packed with many filters.

Finally, the last convolutional layer outputs all of its feature maps to a “fully connected” layer, which examines the maps in their entirety (instead of doing chunk-by-chunk scans). 11/12

Finally, the last convolutional layer outputs all of its feature maps to a “fully connected” layer, which examines the maps in their entirety (instead of doing chunk-by-chunk scans).

The CNN uses several fully connected layers to make a final determination about the image’s content. For example, does the image show a healthy cervix or a cancerous one? After the CNN has run through all the images and made all its assessments, it checks its accuracy. In the next run, it will choose a different combination of filters and weights and see if its accuracy improves. 12/12

The CNN uses several fully connected layers to make a final determination about the image’s content. For example, does the image show a healthy cervix or a cancerous one? After the CNN has run through all the images and made all its assessments, it checks its accuracy. In the next run, it will choose a different combination of filters and weights and see if its accuracy improves.


In tasks involving image processing and pattern recognition, the subtype of DNNs previously mentioned called convolutional neural networks (CNNs) are proving the most promising. This approach uses a few clever tricks to reduce the heavy computational task of making sense of an image.

Computer scientist Yann LeCun created some of the first CNNs in the 1980s at AT&T Bell Laboratories, using them in computer vision systems that could recognize handwriting, such as the zip codes on envelopes. (Today, LeCun is the director of AI research at Facebook.) But the potential of CNNs wasn’t really explored until 2012, when University of Toronto graduate student Alex Krizhevsky and his colleagues used a CNN to win an image recognition challenge that involved 1.4 million photos of objects in 1,000 different categories. Their AlexNet program had an error rate more than 50 percent lower than previous winners. It handily recognized barometers, barbershops, bubbles, baseball players, bullet trains, bolo ties, burritos, bath towels, and Boston terriers, to name just a few of the categories under the letter B. (Krizhevsky and several of his teammates now work at Google.)

Since that game-changing demonstration, CNNs have taken off. Enabled by the availability of relatively cheap high-­performance computing, which is needed for training these networks, CNNs have been adopted for many applications involving images.

In the medical field, the possibilities are exciting. For example, Jürgen Schmidhuber of the Swiss AI Lab IDSIA recently took images of breast cancer cells from real pathology reports and used a CNN to identify dividing cells that indicate an aggressive tumor—a detection task that’s challenging even for trained experts. His demonstration was a proof of concept, but we’re now reaching the critical point when research projects can be turned into tools that assist in clinical care.

In a CNN, many layers of artificial neurons perform remarkably basic calculations and feed the results forward in a simplified way. The power of CNNs—and their advantage over other neural networks—comes from the clever arrangement of these simple steps, which keeps the computational load within reasonable bounds.

Each neuron in a CNN can be thought of as a filter that scans an image for one particular feature. To make sense of any image—whether the CNN is trying to distinguish between a beer bottle and a soda bottle, or between a healthy and a cancerous cervix—it may use thousands of filters arranged in multiple layers, which collectively perform billions of calculations.

The first layer of filters looks at the digital image on the pixel scale, taking in each pixel’s numerical values for its red, green, and blue channels. One filter may detect vertical lines, while another may look for a certain color. Every filter examines the image in small and manageable chunks, seeking its particular feature in each chunk, and then represents its findings as number values in a feature map. These uncomplicated maps are then fed forward, with each map being used as an input for the filters in the next layer. These next filters will respond to features that are slightly larger or more abstract, such as the edge of an object or the presence of a flesh tone.

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Photo: Emily Johnson
Making the Call: Kenyan nurses practice using the EVA Scope to differentiate between benign lesions and signs of cervical cancer.

This routine continues, with each layer identifying increasingly complex forms or patterns. Finally, a layer sends its output to a “fully connected” layer that doesn’t do a chunk-style scan of the feature maps but instead looks at them in their entirety. Typical CNNs finish with a couple of fully connected layers that look at the big picture (which is really just a lot of number values) and determine how well it matches the CNN’s template for an object. That holistic view enables the final layer to declare: This is a beer bottle. Or, this is a healthy cervix. It can make this assessment even though human programmers never tell the network what filters to use—the AI has made those determinations itself during training.

We human programmers aren’t mere observers, however. We establish the CNN’s computing architecture by setting both the number of filters in each layer and the number of layers. We explore many combinations: Adding filters might make the CNN take note of more fine-grained details, or adding layers could cause a more gradual progression from raw image to abstract classification. We examine the results of each architecture, make some changes, and do another run. Equally important to the CNN’s success is the set of images we provide for training: The images must represent the range that will be encountered in the real world and must be correctly sorted into labeled categories. A bad image set will yield bad results.

To train our CNN for cervical cancer screening, we’re feeding in approximately 100,000 images of cervixes sorted into categories such as healthy tissue, benign inflammation, precancerous lesions, and suspected cancer. We’re aided here by a partnership with the U.S. National Cancer Institute, which has given us access to its databases of high-quality, annotated, anonymized images. We’re training our CNN with these “ideal” images before turning to the trickier images obtained from clinics.

We’re using a software program called Caffe, which was developed at the University of California, Berkeley, as the training framework for our CNN. We first define the CNN architecture, and then Caffe runs our image set through the CNN using one set of filters. After that, it checks to see how well its classification system performed. Caffe then adjusts the CNN filters to try to improve the system’s overall accuracy. It’s like a black box with millions of knobs being automatically turned: We understand some of the features it focuses on, like colors and lines, but many are completely inscrutable. Caffe keeps turning knobs until the CNN reaches some plateau of performance or until it becomes obvious that it’s a bad run. That’s when we humans step back in to try a new architecture.

Once our CNN seems proficient, we’ll challenge it to classify cervical images not used during its learning process. This is a crucial validation step, because CNNs can get great results when classifying familiar images but fail spectacularly when confronted with a new data set. When we get to this step later this year, we’ll use a subset of images from the National Cancer Institute that we’ve kept apart.

CNN training requires plenty of computational power. When Caffe is putting our CNN through a run, it performs nearly a trillion simple mathematical computations, which would take weeks or even months on a high-end multicore CPU machine. But doing the calculations on the graphics processing units (GPUs) used for high-end video games and simulations can drastically speed up this number crunching. At Global Good, we use two high-performance computer clusters that are stuffed with GPUs to run through these iterations using images stored on a massive array of disks. It takes about 72 hours to do a single training session. Still, in the world of CNNs, a three-day run is considered quick!

The final challenge will be bringing our well-trained system out into the field, to see whether it can make sense of images captured in a wide range of conditions. A health worker using ­MobileODT’s EVA Scope to conduct an exam employs a speculum and a light to view the cervix. Our AI will be trained to ignore the speculum and the light reflection from it. But it must also deal with variations that arise when you’re taking a photo with a mobile device, such as irregularities in lighting, alignment, steadiness, and focus. Our system must be trained with images from these in-the-field exams to make sense of such inconsistencies. When we begin our trials in Ethiopia later this year, we’ll assess our smart device’s performance by checking its diagnoses against medical experts’ assessments and pathology tests in the lab.

To make the technology practical for remote rural clinics, the smart EVA Scope won’t require connection to the cloud to evaluate images. The heavy computations take place during the training of a CNN, but once the system is configured it doesn’t require much processing power to evaluate an image. The EVA Scope will do that with an app on the smartphone to which it’s attached.

We’re already looking ahead to future generations of this technology. Currently, diagnostic tools based on machine learning are trained on a large initial data set prior to deployment, but they don’t learn while they’re being used in the field. Eventually, we hope to develop AI systems that can continue to improve their skills based on the cases and patients they encounter, adapting to changing conditions and improving their ability to make diagnoses. This adaptation wouldn’t require the heavy computational power that’s needed for basic training, since the CNN would be adding only a few images at a time to its data set. And if we can design AIs that are really good at making adjustments as they go, we can spend less time and energy on the initial training.

Our current effort may be just the beginning for machine-learning diagnostic tools. As many other medical exams rely on images such as X-rays and MRI scans, it’s easy to imagine using other smart tools to classify images, finding patterns and outliers. We can also use CNNs to detect rare objects that are tough to spot. For example, our team is now working on a program to diagnose malaria, which requires examining a blood sample under a microscope to find minute malaria parasites. For people with low parasite levels, that’s a challenge akin to finding a handful of marbles in a football field.

In many ways, machine learning is still in its infancy. A 3-year-old child has to look at only a few pictures of a cat before getting the concept, while a CNN has to look at millions. But in the medical field the comparison between humans and machines could shift in coming decades, as programs use features that are beyond our comprehension to scan medical images and draw conclusions. The machines may surpass doctors, but if they’re doing it in the service of humanity, we’ll take it.

About the Authors

Cary Champlin and David Bell both work for Intellectual Ventures Laboratory, in Bellevue, Wash. Champlin is a principal engineer there, and Bell is the portfolio lead on global health technology. Celina Schocken is CEO of Pink Ribbon Red Ribbon, a nonprofit based in Washington, D.C., which works to improve women’s health in the developing world.

27 Apr 15:33

10 Insanely Helpful Podcasts For Sales Leaders

by Alice Heiman

If you want to drive enormous growth as a sales leader or business owner, then you need the right mindset, skillset, and toolset.

One of the ways to develop each of these attributes is through education and learning. In the past, I’ve recommended some great books you can read to develop yourself. However, I know that reading a book can take time—something in scarce supply when you’ve got a million other priorities! That’s when a podcast can be great! You can listen to and absorb great ideas while you’re commuting to work or getting some exercise.

I’ve rounded up the 10 podcasts I think you’ll enjoy. You might want to share some with your team. And, some of them even feature an episode with yours truly!

1. “The Razors Edge” with Barbara Giamanco

In her podcast, my friend Barb Giamanco talks with leaders from all around the world about sales, marketing, service, leadership, and technology. Check out her podcast about social selling for sales leaders.

2. “The Sell Out Show” with Dianna Geairn and Shawn Karol Sandy

This one is just plain fun. Yes, they talk about sales, but they talk about it with sass!  Dianna Geairn, The Irreverent Sales Girl, and Shawn Karol Sandy, Chief Revenue Officer of The Selling Agency, recently launched their podcast “The Sell Out Show.” So far, they’ve covered sales training and Girl Scouts. I love how Shawn changed her Girl Scouts troop’s opening line from “Would you like to buy some Girl Scout cookies,” to “What’s your favorite Girl Scout cookie?” It’s all about the approach!

3. “#SellingWithSocial Podcast” with Mario Martinez Jr.

On this podcast, social selling champ Mario M. Martinez Jr. chats with his guests about how entrepreneurs, small business owners, and sales leaders can get their sales strategies cranking to a higher level. Check out his podcast with David Bush about how a healthy lifestyle can help sales leaders and business owners improve their revenue and lives. (P.S. I’ll take a little credit here, when Mario was about to jump off the edge, leaving corporate America to start his own business, I pushed him. Luckily, it was a soft landing).

4. “Welcome to The Buyer’s Mind” with Jeff Shore

In another recently-launched podcast, Jeff Shore takes a closer look at your customers’ decision-making mechanisms to reverse-engineer the perfect sales presentation. Get in on the ground floor of this new podcast and start listening here with your sales team.

5. “Sales Gravy Podcast” with Jeb Blount

You will love this one. Jeb is a good friend, and his conversations with guests are so real. He’s the author of Fanatical Prospecting and Sales EQ, books packed with great information to help teams win. Most of his podcast episodes are 10 minutes or less. (And those that go over are well worth it!) Check out this fun conversation between Jeb and me about the philosophies and techniques required to build, develop, and lead a high-performance sales team.

6. “The Sales Management Minute” with Lee Salz

My old friend Lee (well, OK, I am older than him) wrote one of the best books on hiring and onboarding salespeople called Hire Right, Higher Profits. Read it! Lee really focuses on helping sales leaders navigate the recruitment process during his podcast “The Sales Management Minute,” which is one of the reasons I highly recommend it. To get started, check out these episodes: “Making a GREAT Vice President of Sales – The 3 Ingredient Success Recipe” and “Is Your Sales Hiring Process Too Long?

7. “World of Sales” with Milan Vukas

Here’s a brand new one to follow and I will be a guest in an upcoming episode. This bi-weekly business podcast tells the stories and adventures of salespeople from around the world. Host Milan Vukas is an entrepreneur and mentor for early stage startups focused on startup sales and growth. Check out this episode about what it takes to implement account based selling. It will give you some great insights into if account based selling will work for you and your sales team. And keep your eye out for my episode!

8. “Accelerate!” with Andy Paul

My friend Andy is the consummate podcaster. He’s got it down, and you won’t want to miss an episode. Andy delivers a daily dose of sales wisdom with his podcast “Accelerate!” With more than 430 episodes, there’s plenty of choices of where to begin. I’d suggest starting with an episode where Andy and I discuss lead generation strategies.

9. “Sell or Die” with Jeff Gitomer and Jen Gluckow

I’m not sure who has more fun, Dianna and Shawn or my friends Jeffrey Gitomer and Jennifer Gluckow. This podcast will make you laugh with its crazy tangents and think about some deep topics. Jeff and Jen discuss the art and science of selling with some of the most fun leaders in sales, marketing, and personal development. Catch this episode where I’m the guest and talk about how new sales leaders can grow and thrive.

10. “In the Arena” with Anthony Iannarino

Everything Anthony puts out is excellent. Listen to this podcast by Anthony Iannarino if you want to learn powerful sales techniques and mindsets from the top professionals in the business. Anthony interviews the top leaders and experts in B2B and B2C sales to give you the edge you need to move your numbers and profit to the next level. If you don’t already have it, pick up a copy of The Only Sales Guide You’ll Ever Need (Darn, why didn’t I think of that title first?!). P.S. Anthony, why have I not been on your show yet?

As you continue to grow your mindset, skillset, and toolset, it’s important to incorporate training and education into your day regularly. Podcasts are an excellent way to do that! Pick one of these from the list, start listening and then share it with your team.

Want a regular dose of education and development that’s specialized for you? Call me at 775-852-5020 or click here schedule a time to chat!

The post 10 Insanely Helpful Podcasts For Sales Leaders appeared first on Alice Heiman, LLC.

27 Apr 15:33

4 Marketing Tips to Compete with the Big Guys

by Liz Papagni

compete with the big guys

Regardless of how large or small your company may be, the idea of competing with a company like Walmart or Amazon probably has you feeling a little incredulous. It’s not possible, is it?

Of course it is. You can compete with big brands with the right marketing tactics. Remember, the big guys were all once small brands, too. So, how can you go about beating bigger competitors at their own game? Let’s take a look.

Differentiate Yourself

You don’t want to be like those big brands, except in the revenue department, right? No, you want your brand to stand out like a beacon in the night. The only way to do that is to determine what makes you different from the crowd and than capitalize on that.

That difference won’t be your prices, either. While “Always low prices” works for Walmart, that’s not what will set you apart. Your mission, your vision, your product, and your customer service—these are the places where you can overtake your competitors.

Focus on Your Content

Marketing, really, is just educating your customer. You want to let them know how your products or services can solve their pain. Your content is how you deliver that education. And remember: content is much more than your blog.

Buyers are consuming more and more videos, especially the younger demographics. You may find that YouTube, Facebook, and Instagram help you deliver your content better for Generation Z and Millennial audiences. Blogs and articles may resonate better with Generation X and Baby Boomers.

You also have to make sure your buyers can find that content. SEO is still as important today as it has always been. While you can distribute your content through outside sources like Facebook, BuzzFeed, YouTube, and Medium, you can’t guarantee your target audience will find it. Using keywords and search phrases within your articles and video descriptions is crucial.

Long-tail keyword phrases may cut down on the number of times you’re found in searches, but you do get two big benefits from them: First, the big brands aren’t using those phrases, so you have less competition. Second, those long-tail keywords are more likely to funnel customers who are looking for your exact products and services.

Ask and Listen

Are your buyers excited about your brand? Do they love your customer service? The best way to determine this is to simply ask. Post polls on your social media profiles and send out surveys in the mail. Give your buyers the chance to really talk back. And when they do, listen.

Remember that customer service occurs across multiple platforms today, too. You can’t sit by the phone and expect to hear from all your customers. Instead, monitor your social channels to see what your customers are saying. Reach out and engage through Twitter and Facebook when you see buyers experiencing pain your company can solve.

Deliver an Unforgettable Experience

Now, you’ve set yourself apart from the crowd. You’ve determined your target audience. You’ve asked them what they really, really want. It’s time to put these things together into one truly unforgettable experience.

When you deliver on your brand promises, your buyers will remember. They’ll remember that every time a bigger brand drops the ball, and when it’s time to make a purchase again, they’ll be right there at your door with their wallets. And if something should go wrong during the buying process, be prepared to make it right, no matter what the cost.

As more and more companies are automating the sales and marketing process, buyers are looking for that special something. If you’re ready to provide that, then you’re well on your way to competing with the big brands.

As always, we’re here to help if you need it. Be sure to join us in a couple weeks for our latest training course: 6 Steps Top Brands Use to Build Their Marketing Campaigns.

27 Apr 15:33

Why Outbound Sales Reps Need Creativity As Well As Persistence To Succeed In Prospecting

by Danny Wong

Creativity is perhaps one of the most underrated skills that can help outbound sales reps transform into top performers. Creative sales reps are able to think on their feet in the face of rapidly shifting circumstances, impress clients with their dedication to innovative problem solving, and brainstorm new ways to add value to the client-salesperson relationship.

While some sales reps might think they weren’t born with exceptional creativity, and therefore they’ll never achieve it, the reality is certain aspects of creative thinking can be learned and nurtured.

Prospects want to be surprised

Consider, for a moment, the average week for a typical B2B lead who is being contacted by outbound prospectors. Think about how many similar sounding sales pitches they encounter, how many features they are informed of, and how much time and money they are told they can save just by giving these products a chance.

Now think about what said prospect would potentially value. Obviously, they are looking for a product or service that will solve their problems, but imagine how far a little variation in storytelling or pitch structure could go to generate excitement for them. B2B buyers may not want to be surprised when it comes to things such as contract terms, but salespeople who can creatively engage with them and surprise them even in the most transactional circumstances have the potential to add a lot of value early in the sales process.

Clients know they can count on creative salespeople to help them solve their problems

It’s rare for a client to feel their pain point is easy to resolve; otherwise they’d be able to take care of it themselves and save their company some money. B2B buyers perceive their problems as multi-faceted and complex, and they understand the responsibility they hold as a key decision maker charged with alleviating this issue for their organization.

Therefore, they are naturally going to gravitate towards sales reps they perceive as being creative thinkers — thinkers who won’t give up at the first sign of complications, and who will prove to be a dedicated and long-term partner. B2B buyers are essentially problem solvers, and they’re looking for someone whom they can share that burden with. That’s why it’s crucial for salespeople to be able to demonstrate they have the capacity for ingenuity and imagination when it comes to the client’s specific pain points.

Outside-the-box solutions are a path around roadblocks

Every sales rep has to have a practiced strategy for getting around roadblocks and objections during the sales process, because these are things everyone in this profession will have to deal with time and time again. What’s important to remember is prospects aren’t saying they don’t want to buy your product when they raise objections; if that was the case, they’d simply cut off the conversation. They are indicating they expect you to consider their situation from a different perspective.

When prospects raise an objection, they don’t want to hear a canned response that suggests their feelings are invalid. Sales reps who work through the objection with them logically and brainstorm innovative solutions and compromises can prove themselves to be valued collaborators.

Build role playing and improvisational exercises into your training

Now, what can you do if you have salespeople on your staff who have underdeveloped traits that are linked to creativity? Thankfully, there are ways to nurture creative processes in individuals. While genetics play some role in a person’s creative ability, research by geneticists indicates they only account for 10% of differences in levels of creative output.

Activities such as role playing (whether through specific sales scenarios or otherwise) and improvisational exercises can help your salespeople hone their creative abilities. Training in mindfulness and meditation can also be helpful, as approximately 600 studies have shown these exercises to enhance creativity.

Encourage your sales reps to engage in professional development courses that bolster creative thinking

Additionally, there are numerous opportunities to build creative prowess through professional development. If you work for a larger organization you may already have access to supplemental courses and other materials that encourage creativity. Otherwise, you can talk to the relevant people in your organization about investigating third-party options. You may also want to consider providing incentives for your sales reps to complete specific training modules that are aimed at fostering creative thinking.

Seek out courses that ask users to look for new sources of knowledge, approach familiar problems in novel ways, or embrace a challenge outside of their comfort zone. These types of activities have been shown to develop creative impulses, and can significantly impact a salesperson’s instincts over a period of time.

27 Apr 15:32

5 Powerful Trends That Will Shape Your PR Tactics

by Wendy Marx

5 Powerful Trends That Will Shape Your PR Tactics

Public relations has not been immune to the news media changes that have taken place over the last year. PR tactics continue to be molded by these changes, and we as PR professionals must adapt our methods and approach.

As you can imagine, the 2016 presidential election cast a large shadow of doubt on the authenticity and reliability of news media. In fact, journalists are still learning how to compensate and win back the trust of the public. This has implications for public relations professionals.

A new report from Cision sheds light on the important issues and changes of the PR profession in 2017.

Let’s look at the 5 biggest trends that affect the PR industry as a whole, and how you can adapt your PR campaign to the new rules that emerge.

5 Trends That Will Affect Your PR Tactics, and How You Can Adapt

1. Journalists Are Feeling the Pressure

The media industry is currently in a state of flux, and many long-time journalists are feeling the pressure. As the pace of the industry increases, resources continue to diminish. The journalists who are left are expected to do more in less time and with fewer resources. Sound stressful? It is.

How Does This Affect Your Role?

It is important for PR professionals to understand the pressures that journalists are under. When you make your pitch, get right to the point with well-researched facts, and provide real value to the journalist.

Because of the added pressure, many journalists now turn to online services like Help a Reporter Out (HARO), PR Newswire for Journalists (PRNJ), and ProfNet to gather story ideas. Register for these services to position yourself as a ready resource.

Handpicked Related Content

Want the Best Pitch? The No-Fail Checklist for Improved B2B Public Relations

2. Journalists Face a New Emphasis on Accuracy

The journalism industry is under a microscope when it comes to accuracy — and reporters feel the extra scrutiny acutely. 60% of journalists believe that the public is interested in facts more than feelings or opinions.

Therefore, it comes as no surprise that 92% of journalists polled remarked that being right is more important to them than being the first with an exciting story.

How does this affect your role?

This requires you to do your research thoroughly before you make a pitch. Give journalists useful, reliable facts that they can work with and trust.

3. The Relationship Between PR Professionals and Influencers Evolves

Influencer marketing is an increasingly valuable resource in public relations strategy. Influencers are those with large social media followings and/or high industry name recognition that are used by brands to amplify their message, and advocate on their behalf.

In the study, 18% of these influencers polled noted that they rely more on PR professionals than in the past. What accounts for this change?

For one thing, influencers, whose field is still new and experiencing rapid changes, seek guidance as they navigate this new territory. As their industry matures, new rules and regulations surface and impact the way they work.

For instance, the FTC (Federal Trade Commission) has recently begun to crack down on influencers, and now requires them to disclose their sponsorships to readers. Any who do not comply with this requirement will face a fine.

How Does This Affect Your Role?

As a PR or communications professionals, you can expect to serve as a mediator between brands and influencers. In this capacity, you will be responsible for ensuring that influencers are compensated for their work, and that everyone adheres to the law.

Trust in information is more important than ever and studies show that buyers don’t trust ads, but they do trust peers and experts. –Lee Odden

 

4. Email Continues as the #1 Way to Reach Journalists

Email is far and away journalists’ preferred contact method — with 92% saying it’s their favorite avenue.

Even with the increasing use of social media by journalists, a mere 2% preferred receiving a pitch on a social network (either publicly or privately). And an increasing amount noted that reaching out with a phone call is an absolute no-no. Do your best to avoid these contact methods whenever possible.

How Does This Affect Your Role?

Always reach out to journalists through their own email address — if you can’t find it directly, never reach out through an editor.

You might try to find a journalist’s email through a Google search, on the media outlet’s website, or through free online tools like Rapportive and ZoomInfo (which has a free and paid service). Paid services like Cision’s Media Database also offer large databases that you can tap into for this information.

5. Journalists Focus on Stories That Fit Their Interests

Some journalists can go through a hundred story pitches in a day. After skimming through that many emails, you can be sure that journalists are more than likely to hit the delete key.

When asked what motivates them to pursue one story over another, 51% of journalists said that they choose stories based on the displayed knowledge of their past work, interests, and strengths.

How Does This Affect Your Role?

Stop spamming journalists with stories that don’t fit their beat. It is more important than ever to do your research, and contact only journalists within your industry. To find the right fit, you can use an online tool like MuckRack, which is known for its vast database of journalists and bloggers.

Show journalists that you chose them specifically because your story fits their interests. Tailor your pitch to the specific journalist you want to use — never send batch emails!

Surprisingly, only 24% noted of journalists expressed a desire to see thorough details about a product, event, or topic. This is down 20% from the same question that was asked last year. Clearly, journalists don’t want to read about your company news — focus instead on how your story fits into their interests.

 

Key Points to Remember…

  • Journalists are under more pressure and have fewer resources at their disposal than ever before.
  • Journalists are more reliant on accurate, hard facts, rather than opinions or feelings.
  • PR professionals need to do their research so that their pitch fits the beat and interests of the journalist.
  • The role of influencer marketing continues to expand with journalists serving as a go-between the influencer and a brand.
  • Journalists overwhelmingly prefer to be contacted through email rather than social media or phone.

To continue to be effective, your PR tactics must evolve with new changes and challenges. These trends help reshape the PR profession as it strives to keep up with a changing world.

27 Apr 15:30

3 Reason to Establish and Mine The Gap – Part II

by Tibor Shanto

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Monday, we looked and the need to establish a “Gap”, and gave an example that you can use to start the process with in your sales. Clearly you will need to build on that, and in today’s post we will offer specific steps you can take to surface and leverage Gaps in the process of helping buyers and winning deals.

As with most things worth doing, there is the investment part, and the pay-off part; please keep in mind that the pay-off will be after things have taken hold, not the next day. Make your plan, then execute the whole plan, not give up because you need to give things time to happen.

GAP PyramidCorpus of Knowledge

Step one is building a base of knowledge that allows you to step out as a Subject Matter Expert. You need to not only understand the objectives your market player may have and, should have. What makes you an expert is not all the information you have, but your ability to translate your knowledge into actionable insight; key here is actionable. The reality of “satisfied” prospects, is that they are by definition inert, not looking to move. Even when they have stated objectives, they have pre-conceptions about how to achieve them. To win you need to have them look at their objectives differently, look at objectives they may not have considered for different reasons, until an expert like you throws it into the mix.

Most sellers take in the prospect’s objectives at face value, and jump to trying to influence how the prospect might achieve those objectives. In other words, they focus on the “means” rather than the “end”; the problem with this, is that it is a crowded place to be, and if the “ends” have not changed, the “means” will be decided on in the feature/price filter.

Expert sellers, know they have to have the prospect re-evaluate their objectives, notice I did not say change, just re-evaluate, and if you are part of that re-evaluation, you can influence them, and marginalize the other sellers. How you ask, by focusing on the impacts you can deliver to their business. If they focus on the impacts, which are the ultimate “end”, an objective or a goal is a way to realize that impact. To do this you have to have the knowledge to understand why the buyer’s stated objectives may be, and a set of “Better” alternatives to get there.

Tribal Knowledge

To do that, you need to establish a discipline to review every opportunity that enters your pipeline, wins, losses, and “no decisions”. We use the 360 Degree Deal View, as it is uniquely designed to focus on objectives and impacts, and the Gaps that exist in the buyer’s current state, and the alternate state they are planning. Doing this gives you a level of understanding that will allow you to be the expert, be a conduit to best practices your prospects can learn and earn from.

Yes, this takes time, but not that much time, not as much time as it does chasing deals you won’t win.

Two key things you’ll learn will help you in Mining The Gap. First is the most common objectives and means of hitting those objectives currently favoured by market players, sellers and buyers. This will allow you to understand where there are Gaps or misalignment. For example, a VP may have a goal of 50/50 mix in revenues from product and services, but four months into the year it is tracking at 70% product, 30% services, where services fetches higher margin. You can surface this Gap with two simple questions, once the Gap is there, you can “Mine” it.

Second, you’ll discover where you have delivered unexpected impacts to objectives the buyer was not aware of or focused on before encountering you.

In all this it is important to look at the outs of 360’s right across your organization, look at other reps’ reviews, and expand your knowledge while expanding your value. Develop your Gap questions built on empirical data not third party wives’ tales or industry myths. There is a specific set of steps that when applied not only allow you to confirm and qualify Gaps, but Mine them, work them in a way that better engages your buyer, and separates you from also-rans. But it has to done right, or you may fall in to the Gap, sell like everyone else.

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 3 Reason to Establish and Mine The Gap – Part II appeared first on Renbor Sales Solutions Inc..

27 Apr 15:30

Are Your Buyer Personas Ready to Take on the World?

by Marcia Riefer Johnston

buyer-personas-ready-take-on-world

Customers’ concerns vary, sometimes dramatically, across regions and cultures. Because these variations present business opportunities, you might expect global companies’ buyer personas to reflect those variations. In fact, many organizations miss this opportunity, applying one set of personas everywhere.

Even organizations that have regional or cultural personas may lack the insights they need to succeed across markets.  

Sometimes, even small differences between regional and cultural personas affect the bottom line, according to Cassio Politi. In his talk at 2016 Content Marketing World, he delivered a message for multinational brands:

Often, headquarters comes up with universal personas and tells everyone, ‘Go create content based on these personas.’ This approach may fail.

Cassio knows what works. The winner of the Digitalks’ Brazilian Content Marketer of the Year award in 2015, he wrote the first Portuguese book on content marketing. He also founded Tracto, a consultancy that develops content strategy for big brands, including U.S. companies with operations in South America and Central America – companies like Eli Lilly, Thomson Reuters, and Scup.

Cassio provided three examples of persona lessons his clients have learned the hard way. As you review them, consider what kind of opportunities your company might create by developing regional personas of your own.

Example 1: Tax-software users in Brazil

A Brazilian sales team for a global tax-software company worked with enterprise buyer personas and discovered that customers in their country had unique motivations. Like customers elsewhere, they wanted to be more productive using technology – the primary selling point in the company’s original strategy – but that wasn’t the main thing Brazilian customers were looking for in tax software.

As Cassio explains, Brazil has a complicated economy with over 300 tax changes every year. Brazilian buyers are concerned about complying with these frequent tax changes.

Tax-software-users-Brazil

“Imagine a company like Coca-Cola or Visa. They’re everywhere. Suddenly a remote city far away in Amazonia makes a change in a tax detail. The company has to follow every tax change,” Cassio says. “That capability is what people are looking for in tax software for that region.”

If the U.S. strategy was applied in Brazil, it’s probably going to fail, Cassio says. In a case like this – where customer needs, pain points, and behaviors vary enough to affect the way a company should present its products or services – a regional buyer persona is needed.

Example 2: Dairy farmers in Colombia

A pharmaceutical company makes a product that when injected stimulates milk production in cows by an extra gallon every day. The company had two personas for dairy farmers. One persona runs a farm with thousands of cows, and one runs a farm with hundreds of cows. Both personas want their cows to produce as much milk as possible.

Eventually, the marketing manager noticed that the content strategy based on these two personas wasn’t working in Colombia. Upon further investigation, the company discovered that the Colombian government sets limits on milk production and farmers have to pour any excess down the drain. What Colombian farmers care about is keeping their costs down because it’s expensive to feed the animals in a country without much space to produce food for the cows. Discovering that local “particularity” (Cassio’s term) led the company to create a Colombia persona to guide the strategy for the content they distribute in that region.

Example 3: Dog owners in Colombia and Panama

The marketing team at Comfortis, which makes flea-control products for dogs, learned that the content it was creating for its global buyer persona was less effective in Colombia and Panama than elsewhere.

In Colombia and Panama, the global message, “We’re dog lovers, too! Buy our product,” wasn’t convincing people to buy. When the marketers looked more closely at Panama and Colombia, they discovered that owners often spend time with their dogs on farms or in the countryside. When they see a flea on their dog, they wonder if the dog also has ticks?

That question matters to them because, while fleas bother dogs, ticks can kill them.

Comfortis’ competitor, Bravecto, has a product that controls both fleas and ticks. To earn the business of customers in Colombia and Panama, where tick concerns are common, Comfortis needed to create more educational content.

Here’s how Cassio sums up the message needed in this region: “Don’t solve problems you don’t have. If you don’t find ticks with the fleas, don’t buy the competitor’s product that gets rid of fleas and ticks. It could be bad for the dog.”

Until Comfortis discovered it needed a content strategy built around a regional dog-owner persona, it was missing out on business opportunities in Colombia and Panama.

Conclusion

If buyers everywhere cared about the same things, you could get away with using the same personas everywhere. In this world, though, global companies must seize sales opportunities by better understanding regional and cultural variations and creating buyer personas that reflect business-critical differences.

How about you? What lessons has your company learned about the need for regional buyer personas? Please share your insights in a comment.

Sign up for our weekly Content Strategy for Marketers e-newsletter, which features exclusive stories and insights from CMI Chief Content Adviser Robert Rose. If you’re like many other marketers we meet, you’ll come to look forward to reading his thoughts every Saturday.

Cover image by Joseph Kalinowski/Content Marketing Institute

The post Are Your Buyer Personas Ready to Take on the World? appeared first on Content Marketing Institute.

27 Apr 15:28

The 6 Surprising Characteristics of Successful Pitches [New Research]

by afrost@hubspot.com (Aja Frost)

sales-pitch-compressor-762864-edited.jpg

What are the differences between a sales call that leads to a closed deal and one that leads to an unresponsive prospect?

You might chalk up failure to a number of things -- the prospect wasn’t interested in the value prop, they were looking for a cheaper solution, your product didn’t offer all the features they needed, and so on.

But a new article in Harvard Business Review suggests your attitude may be the culprit.

Lakshmi Balachandra, an assistant professor of entrepreneurship at Babson College and negotiation and pitching expert, spent 10 years studying meetings between venture capital (VC) investors and entrepreneurs. The takeaways will improve your sales pitches.

Focus Your Delivery

Most founders think the contents of their sales pitch is the biggest determining factor of the investment. In other words, making investors believe in the mission and product will lead to funding.

However, Balachandra says investors are actually judging entrepreneurs on their personality. By the time they get to an in-person meeting, the VC has already reviewed the founder’s pitch.

Calls between salespeople and prospects work the same way. Most buyers won’t agree to speak with you unless they see your solution or expertise as relevant to their situation. To build on this foundation and actually win the deal, you must create the right impression.

Of course, that doesn’t mean you should put 100% of your energy toward your delivery. If buyers don’t fully understand the value of your offering, they won’t make good customers. Connect your product’s features to their pain points, encourage questions and feedback, and reinforce your points with customer stories.

Dial Down Your Enthusiasm

According to common wisdom, you should be energetic and passionate about your product. If you don’t believe in what you’re selling, how will the buyer?

Yet when Balachandra analyzed 185 pitches, she discovered people prefer calm demeanors over “passionate” ones. Follow-up research revealed calmness comes across as leadership strength.

With that in mind, don’t be too enthusiastic on sales calls. Act cool, collected, and self-assured. Your prospects will instinctively give more weight to your argument.

Trust Is Crucial

We’ve always stressed the importance of credibility, but it turns out winning your prospect’s trust might be even more significant than we knew.

Balachandra discovered investors would rather work with a trustworthy founder than a competent one. Believing the entrepreneur is honest and straightforward decreased their sense of risk -- and unlike specific skills, it’s nearly impossible to “teach” character.

What does that mean for salespeople? First, never claim to know something you don’t. It’s better to admit your ignorance than risk being caught in a lie. The buyer may even trust you more because you’re clearly honest.

Second, use case studies and testimonials to reinforce your credibility. Broad claims like, “Our tool will make you more efficient” aren’t very believable, but specific, data-backed ones like “Our tool allows Dataguard’s average salesperson to give five more demos per week than before” are.

Other Quick Tips

There are three more takeaways from Balachandra’s research that you can implement immediately to start closing more business.

Add some humor. Laughing makes entrepreneurs likelier to get funding. During your sales call, demo, or presentation, crack a joke or two. It will make you look more confident and help you build rapport with your audience.

Highlight mutual connections. Founders who mentioned friends they have in common with the VCs were more successful. If you don’t have any shared contacts, bring up mutual customers or the other companies in their space using you. Your goal is to enhance your authority with names or businesses they’ll recognize.

Avoid being overly emotional or expressive. When founders were too warm, expressive, or emotional, their chances of success went down. With this in mind, try to be assertive and relatively neutral.

Pitching to VCs and pitching to prospects are very similar. To win their money, you need to earn their trust. And to earn their trust, you need to demonstrate confidence, credibility, and preparedness.

What do you think -- is this research helpful from a sales rep’s perspective? Let us know in the comments.

Free Sales Training from HubSpot Academy

27 Apr 15:28

5 Ways to Identify and Convert “Self-Educating Buyers”

by Ross Shanken

BLOG-stealth_shopper.jpg

Many marketers face the continued threat to customer acquisition of the self-educating buyer and its potential impact on their businesses. You could have the best inbound marketing program in the world, but it will likely be ineffective when it comes to influencing this segment of potential customers.

This consumer who conducts his own shopping research and doesn’t seek direct interaction with a representative at a company until he has reached the decision phase of his shopping journey has become the majority of consumers.

Like many marketers, you’ve likely never had a way to identify whether or not a consumer who is a first-time visitor to your website is early in the shopping process, because you’ve had no way to see other touch points they have had across the web. That consumer could actually be a self-educating buyer who has already visited multiple other websites and completed most of his research and is verging on a purchase decision.

The reason self-educating buyers are so problematic to marketers is that if the brand doesn’t identify consumers who have reached the decision-making phase of their buying journey, its window of influence is vastly narrowed, resulting in missed sales. We all know that consumers are searching not just your branded sites, but also your competitor’s sites, as well as third party resources, to self-educate before making a purchase decision. The problem is that we haven’t been able to connect to all those other consumer interactions until recently.

Why You Don’t See Some Consumers

If you’re like most marketers, you rely on consumer data culled solely from your brand’s own web properties, and thus have only a partial view of the consumer journey. In a perfect world, consumers would visit only your brand’s website for all their research and self-education. Since that’s not the case, even if you have the best predictive analytics in place for data gleaned from your own properties, because you’re operating with such an incomplete view of prospective customers, your predictions have large margins of error.

Without a broader understanding of the consumer journey, you are only looking at a myopic view of only the intersection between the consumer journey and your brand. You are looking where you can see instead of looking where the consumers are. When all you see is a few data points, you only a small piece of the overall journey.

Solve the Self-Educating Shopper Challenge with Intent Data

A consumer’s online shopping activities are highly accurate at predicting the stage in which that consumer sits in her buying journey. When you combine authoritative, third party intent data with predictive analytic tools, you solve the problem of self-educating shoppers because you can identify new prospects before they interact with you directly and predict a consumer’s buying journey stage once they have interacted with you.

Uncovering and Converting Self-educating Buyers

There are a number of specific ways that you can leverage behavioral data to detect and convert these shoppers – here are five great examples:

1.) Identifying Self-educating Shoppers Visiting Your Website

Your website sees a variety of inbound traffic each day. But, how do you know if it’s a consumer with true purchase intent or a casual browser? When you can identify disparate events associated with the same consumer, across websites, linked over a period of time and in the order in which they happened, you gain the highest resolution view into that consumer’s journey. And, with this view, you can determine more meaningful ways to connect with these consumers, with the most effective messages at the appropriate times during their buying journeys.

2.) More Effective Audience Targeting

The goal of audience targeting is to focus on the right type of consumer for your business. To do this effectively, means using data from outside your company. By rounding out your brand’s first party data with third party behavioral data, you can better target the right consumers— some of whom you previously viewed as self-educating buyers—and market to them more effectively.

There are third party data sets that help you value media to get a more precise view or ‘predicted value’ of how a click, lead, or call might perform. Additionally, there’s an increasing use of data-driven insights earlier in the consumer journey to identify active buyers at the first signs of competitive shopping, instead of waiting until these shoppers submit a lead.

3.) Enhanced Lead Scoring

A consumer’s shopping behavior should be a key component of any lead score. If you are employing a lead scoring model that doesn’t integrate intent data, you can greatly improve the effectiveness of that scoring that enables you to identify self-educating buyers and prioritize your leads appropriately.

4.) Improving Contact Strategy

Even if you’ve optimized your lead management processes across all of your internal customer data, you can still benefit from third party intent data to help you determine the most effective strategy for certain leads. When you have insights into the level of buying intent of your consumers, you can make more informed decisions about how to work those leads.

5.) Retention Marketing

After you have leveraged third party intent data to convert your self-educating buyers to customers, you can use that same data to grow those customers’ lifetime value (CLV). This data can help you reduce churn by providing indications that your customers have re-entered their shopping journey and can identify when members of your customer base are ripe for cross-sell and upsell opportunities.

The Bottom Line

When you leverage intent data to identify and market to self-educating buyers, you gain the ability to shed light on their complete shopping journeys that you otherwise would only partially see. Whether your consumer visits a competitor’s website, calls a call center, or fills out a web form—when you have that broad view of her journey, you can more strategically segment, prioritize, and nurture her to conversion. Leveraging third-party intent data is also a uniquely powerful way to nurture those consumers into customers with high lifetime value.

For more information about how to use consumer journey data to market more effectively, click here to access Jornaya’s Marketer’s Decisive Guide to Consumer Journey Insights – Leveraging Data in Customer Lifecycle Marketing.

27 Apr 15:27

A Simple Guide to Creating Interactive Ebooks (With Examples and How-To’s)

by Robbie Richards

Ebooks have come a long way since the Kindle was first introduced ten years ago. Back then, an ebook was simply an electronic version of its printed counterpart you could view on an e-reader or computer. Today, even non-publishers have the ability to easily craft PDF-style ebooks and post them to their website.

And, there in lies the problem:

Ebooks are so easy to create, everyone is doing it. And, they pretty much all look the same – boring, poorly designed static assets that end up in the trash 5 seconds after you open it.

Despite this, ebooks are still one of the top preferred content marketing mediums by B2B marketers in 2017:

B2B Marketing Tactics Graph

This sustained popularity means static ebooks are only going to become more saturated, and readers more numb to them. As a result, modern marketers need to find a better way to use these long-form assets to engage and educate readers.

Enter interactive ebooks.

Most effective at the top and middle of the sales funnel:

These assets capture and retain reader attention much longer than their static counterparts:

Benefits of interactive content

While interactive ebooks can provide a competitive advantage for content marketers, many teams make the mistake of developing them with the same approach and mindset as a traditional static PDF. This results in a boring end-product that fails to leverage the storytelling capabilities an interactive ebook can provide.

In this guide I’ll illustrate everything you need to know about interactive ebooks, including:

  • What is an interactive ebook
  • Why you should include interactive ebooks in your marketing mix
  • Interactive ebook examples
  • How to create an interactive ebook
  • Important Do’s and Don’ts of interactive ebook design

Let’s get started.

What is an interactive ebook?

Moving beyond static pages and passive involvement, interactive ebooks take advantage of touch screen capabilities to engage more than just the eyes.

This type of ebook is no longer just text on a page; rather, an interactive ebook offers a sensory experience driven not only in word, but in sight and sound as well.

A great working definition would be “ebook content that changes based on how you engage with it”.

Interactions within an ebook can take a variety of forms:

  • Videos
  • Quizzes & knowledge tests
  • Checklists
  • Maps
  • Animations
  • Links
  • Interactive infographic
  • Calculators

These elements allow publishers to create an immersive experience for readers that extends far beyond clicks.

Interactive ebooks can be used to target any range of topics, such as children’s books, travel guides, cookbooks, and educational material. The use cases are endless.

We’ll look at some specific examples in a moment, but first…

Why bother creating interactive ebooks?

Content marketers are adept at publishing blog posts and other forms of one-way media. Creating interactive content is more work. It typically demands more resources.

So, is it worth the extra effort?

Absolutely.

There is a reason 3 in 4 marketers increased investment in interactive content last year:

Interactive ebooks allow you to step away from a passive one-way viewing experience, and into a two-way monolgue that engages the reader and allows publishers to generate leads and conversions directly within the content:

Interactive content conversions
Here are a few other reasons marketers are shifting from static to interactive ebook content:

  • 93% of marketers realized that deploying interactive content has been beneficial in educating prospects
  • 88% of marketers claim that interactive content has given them a competitive advantage
  • 81% of marketers believe that interactive content catches the reader’s attention
  • 79% of markers think that interactive content boosts brand reputation
  • Engaging more than one sense at a time can lead to higher retention and ROI

Interactive content isn’t new. People have been taking online quizzes and sharing videos on social media for years. But the practice of developing interactive content specifically for an ebook format is still a largely untapped channel for most marketers.

But, where there is little noise there is opportunity :)

Examples of Interactive Ebooks

There is no generic formula as to how an interactive ebook is supposed to look and function. As mentioned earlier, the use cases are as varied as the people reading or creating them.

Let’s take a look at a few stellar examples from companies who are doing it right:

The Magic of Reality by Richard Dawkins

Renowned scientist Richard Dawkins lets readers get up close and personal with science experiments in his interactive ebook. Users can participate in games and demonstrations, such as simulating the effects of heat or gravity.

Richard Dawkins - The Magic of Reality

Do or Die by Clark Kokich

This is the first fully interactive business-related ebook ever published. Within the app, readers can follow links to video interviews, view case studies of high profile brands like Nike and Virgin America, commenting on the content while discovering what other readers have to say.

Do or Die: Clark Kokich

Our Choice by Al Gore

A combination of interactive infographics, animations, documentary videos, and images comprise the interactivity options that drive value factors for the reader.

Our Choice - Al Gore

The Zappos Experience by Joseph Michelli

Also available in print, the interactive ebook versions offers 17 QR codes throughout the text that lead to related digital content, including an epic Nerf battle at the Zappos headquarters.

Interactive ebook example: The Zappos Experience

Look&Cook

This interactive cookbook from Look&Cook delivers step-by-step instructions on your tablet, along with voice command instructions, integrated timeers, video tutorials, and a send-by-email shopping list for 51 master chef recipes (including 7 vegan recipes).

Paris: DK Eyewitness

This educational travel guide is about as good as seeing Paris up close and personal. The interactive ebook offers cutaways of buildings that lets users zoom in and explore, as well as offline maps and recommendations for nearby sightseeing.

Sherlock: Interactive Adventure

Available as an app download, the famous Sherlock Holmes comes to life in 3D animated images that pull the reader into the storyline as if you were Dr. Watson himself.

Sherlock Holmes interactive ebook

Meet the Insects: Water and Grass Edition

This educational children’s book app allows the user to touch the insects they want to learn more about. Simple animations direct the reader to various parts of the book, allowing them to hear narration, view videos, image galleries, quizzes and games, and even includes an interactive journal they can write in or read.

How to Create an Interactive Ebook

Each of the above examples uses interactive features in different ways, depending on the target audience, content, and purpose.

How do you go about creating an interactive ebook? Where do you even start?

The following section provides a step-by-step framework you can follow to get the ball rolling.

Planning

Before you go to the drawing board (or screen, in this case), it’s important to understand exactly what you are doing, and why you are doing it.

As we saw above, there are a lot of statistics to support the effectiveness of interactive content. But, how will an interactive ebook benefit your business?

First, ask yourself what you hope to get out of your interactive ebook:

  • Better brand positioning?
  • Increased lead generation?
  • Better lead qualification?
  • Higher social engagement?

Interactive ebooks can be used to accomplish any of those goals at the top and middle of the funnel.

Finally, ask yourself:

  • Who will engage with your interactive ebook?
  • What types of content should be included?
  • What type of interactive elements will support storytelling at each phase in the book?
  • How will the asset fit into, and be promoted, within your content marketing mix?

You may decide to take a look at your existing content arsenal and see if you can repurpose something. Once you have a clear idea on the who and what, you need to plan how to publish and deliver the final product.

Here you have a few common options:

  • Web app – Users can click through the interactive content on your website.
  • Mobile app – Users download the interactive ebook from the app store.
  • Desktop app – Users download it directly to their computer, no special reading software required.
  • EPUB File – The file is published to popular ebook stores, like B&N Nook or Amazon Kindle.

Always keep budget in mind, and consider how you’d like to be able to edit the content once it is published. Each use case will have it’s own separate set of requirements.

There were a lot of things to consider there, but answering the questions listed above will help make the next step a lot easier.

Creation

Once the resources and strategy are in place, the next step to outline the user journey.

If you are starting from scratch:

  1. Pick a subject and develop the creative strategy first.
  2. Develop an outline for the content flow.
  3. Think about which visuals and audio will best support your content.
  4. Start developing visual and audio interactions in tandem with the copy.

If you have a hardcopy book you want to transform:

  1. Convert your book into PDF form. You can partner with companies like 1dollarscan to receive a PDF version of your content.
  2. Create an outline of your text, and determine what else you want your readers to know. This can help guide you in creating additional features and information they can interact with.

Once you’ve got a rough outline or scanned copy, consider how you can take your text elements and transform them into actions. You may discover your interactive content goes several layers deep within each page. It’s helpful to create a content map outlining the path of each action.

It’s also helpful to draft a sample chapter you can use as a blueprint for creating subsequent chapters. The sample should represent how you want each portion of your ebook to look and function, and should include its own content map for reference.

As you craft your ebook content, consider how well each point can stand alone without needing other information in the ebook to help the reader make sense of it all.

Stocking Your Ebook Toolbox

You might find some of these tools helpful during the creation phase:
BookWidgets

BookWidgets logo

You can purchase and download interactive ebook widgets from BookWidgets. Although these widgets are specifically designed for use in iBooks Author, you can use them in other ebook creating programs if the programs support them. Users can click on the widget in your interactive ebook and view your quiz, puzzle or other content in a pop-up window.

Bookry

Bookry logo
Just like BookWidget, you can download interactive ebook widgets with Bookry. These widgets offer features like games, quizzes, puzzles, and interactive drawing.

LeadREV

Use SnapApp’s free tool to turn your static PDFs into an interactive asset in minutes.

Watch this video to see how it works:

LeadREV app

Stock Photo Sites

You can find a variety of super cheap or royalty-free images on the following websites:

Video

Grab a video from Youtube.com or Vimeo.com and embed within your interactive ebook.

Check out sites like Fiverr and Guru to find experts to create custom video for your ebook for a low price.

Or, create an interactive video to more deeply engage readers and capture lead information:

Visual Design Tools

Don’t have a big budget? No worries. You can find quality free design tools online:

Canva helps you create infographics or enhanced images for free. You can also purchase high-quality images for as little as $0.99 each.

Canva screenshot

For photo editing and image creation, Sumopaint is the free online twin of Adobe Photoshop. [screenshot]

SumoPaint

Audio Tools

You might choose to have a professional narrate your ebook. Sites like Fiverr, Guru and Upwork can help connect you to affordable voice pros.

Audioblocks offers a huge variety of sound effects, music loops, and full-length tracks. You pay a fee of $99 per year, and can keep all the music you download, even if you cancel the membership.

4 Traps You Need to Avoid

While interactive content provides an endless number of ways to better engage and capture the attention of readers, we continue to see marketers making the same mistake over and over again.

They approach interactive ebooks they same way as static PDFs.

Don’t. Do. This.

Below, we’ll cover four common traps marketers fall into when creating their first interactive ebooks, and explain how to avoid them. Avoid

#1. Prioritizing text over content

Interactive ebooks offer so many more ways to engage (and convert) readers than traditional PDFs. Think of text as a supplement to the interactive content. Your words should be kept to a minimum while letting visual and auditory content do most of the talking.

Some experts suggest keeping the ebook copy shorter than a typical blog post – around 800 words or less.

Use rich images and audio to condense complex concepts.

#2. Forgeting the call-to-action

Like any piece of content, your interactive ebook should provide a clear next step to help guide readers further into the funnel. The type of CTA you use will depend on which stage in the funnel your content targets.

Top funnel: Direct readers to a related blog post that explores the topic from a different angle.

Middle funnel: Invite readers to explore and interact with your product to better evaluate it as a solution to their problem.

Bottom funnel: Direct readers to a spec sheet, case study or free trial sign up page to drive purchase behavior.

Content Marketing Funnel

(Source)

You may want to consider placing a variety of CTAs throughout the ebook and A/B test them to see which ones convert better. Experiment with positioning, triggers, messaging and design elements to find a winning combination.

#3. Stop thinking in PDF-mode

Ebooks, whitepapers, checklists and other PDF documents have been a cornerstone of the marketing mix since the 1990s. For most of us, they are familiar and relatively simple to create. A comfort zone that comes major limitations.

While PDFs have been used to bring books, magazines and other ofline assets into the digital world, they provide a very linear reading exprience. It looks and feel like a textbook – intro, table of contents, some pretty images and links out to external content on third party platforms.

While this structure works ok offline, it does not translate very well online.

So:

Don’t make the mistake of thinking about your interactive ebook in the context of a traditional PDF. You’ll end up with a “me-too” one-way reading experience.

Instead, think of it as a blank canvas. Your imagination is the limit. Utilize images, videos, audio, interactive data and animations to tell an engaging story. Traditional plain text should only be used to support the visual elements. If readers want to drill deeper into specific topics, enable it through interaction, not walls of static content.

Which brings me to the next point…

#4. Visuals are NOT an afterthought

Creating a traditional static PDF is a pretty straight-forward process:

1. Brainstorm some topics
2. Research the subject
3. Put together a draft
4. Add image to support the text
5. Proof and publish

I bolded point #4 for a reason.

See:

When creating interactive ebooks, a lot of marketers make the mistake of thinking about the visual assets late in the process.

Creating interactive content does not work this way. Instead of thinking of visuals as a contextual add-on, you need to make them a centerpiece.

Start with a visual concept for your topic, and add text to support. The key here is to ensure visuals are not an afterthought.

Ready to Create Your First Interactive Ebook?

While ebooks are still a critical component of the B2B marketing mix, they have become saturated. In a world where readers are drowning in content, and our attention spans are getting shorter, marketers are looking for new channels and content types to cut through the noise. Therefore, it’s not surprising more than 75% of marketers are investing more in interactive content. And, ebooks are a big part of that mix.

While interactive ebooks follow similar overarching principles to the traditional PDF, there are differences. But, don’t let those deter you from making the leap into the visual world of interactive content. Follow the guide above, avoid the common pitfalls, and you’ll open a whole new world of creativity that will have you engaging, qualifying and converting more readers.

 

27 Apr 15:27

How to Leverage Amplified Inbound Marketing in your B2B Business

by Uri Bishansky

Introduction

All companies who adopt an inbound marketing strategy want it to be effective. Not all are willing to undergo the long process of indexing properly on Google before starting to generate ROI. Marketers reluctant to wait sometime make the mistake of spending large amounts of their budget on “money keywords” on Google AdWords at the hope of converting those (high intent) users into customers. At a small volume there’s no problem with that, but at a large volume this always results in a struggle to maintain and scale online efforts while remaining profitable.

True magic occurs when combining PPC with an inbound marketing approach. When do right you can create an amplified inbound marketing strategy that is manageable, scalable and most important -profitable. This post will teach you how to do just that. Make sure to read it before setting off to prepare your marketing plan.

The challenges search ads pose

Most marketers rush to set up campaigns on Google AdWords, using keywords that are directed to their exact solutions/services/products. Search volumes are a given reality that the advertiser has no direct control over – once maximized, scaling becomes an issue.

It’s then inevitable not to encounter two substantial realities:

  1. B2B prospects typically don’t search for high relevancy keywords of exact solutions/services: B2B sales require trust and a relationship between two position holders at each company. Such relationships are rarely a result of a prospect searching for a product or service on Google and clicking on an ad.
  2. Extremely pricy keywords – exact solutions/services keywords will usually prove to be highly expensive due to be highly exepensive due to high competition. You are probably not the only marketer out there that thought about targeting those keywords. When many companies compete on a specific keywords two unpleasant results occur:
    • Costs per click raise (supply and demand)
    • Conversion rates drop (more supply = prospects browsing more options before filling out an online form or transaction).

The result: money is being spent → low quality/un-nurtured leads are generated → handed over to sales → sales waste their time on irrelevant leads that never become customers → classic sales and marketing face-off, blames are being thrown around → company business goals never end up being met.

The Challenges Display ads pose

Once the search channel has reached its glass ceiling, the typical next step is to turn to display advertising and launch direct response campaigns on platforms such as Facebook, LinkedIn, GDN, etc. But consider this – if search volumes for your exact solution are low and quickly maxed out, obviously, the number of users out there that have a direct interest in your solution is very low. What are the odds of placing yourself in front of them using display channels? You guessed it, low.

The result: people see your ads but don’t click → very low conversion rates (below 1%) → leads that do end up being generated rarely turn into customers. They simply weren’t ready to buy in the first place.

What would turn things around? Applying the core elements of your inbound marketing strategy and aligning your paid advertising efforts with the active research process a potential buyer goes through leading up to a purchase (a.k.a the buyer’s journey).

Top of the funnel (TOFU) amplification

If you have (or at least think you have) an effective inbound funnel, amplifying the top of the funnel is usually where the most impact can be gained (the more contacts that will pass through the funnel the more will exit it as customers).

The best way to start amplifying the TOFU is using search advertising.

Assuming you’ve already developed buyer personas, understand their challenges, and have created the best content offers to help them with their challenges, it now comes down to driving relevant traffic to your content offers landing pages.

Awareness stage keywords aren’t as competitive as bottom of the funnel keywords and have higher search volumes. It’s safe to say that when providing prospects with value when they are seeking for help, you can expect conversion rates of 15%-30% from click to content offer download.

Since awareness stage keywords aren’t as competitive, the actual cost per lead will be quite low. Once you generate such leads, please don’t be average and try to sell to them. Remember those leads aren’t qualified or ready to be sold to! Depending on how well you optimize your funnel and campaigns, you should be able to calculate what your cost per customer or cost per MQL should be (depending on your KPIs).

TOFU scaling is quite easy – you can always find another challenge your prospects have, create additional TOFU content offers and drive more traffic from different awareness stage keywords to your landing pages.

Look out for keywords that have high search volumes – their costs per click would be relatively low making them a great opportunity for amplifying your TOFU efforts until the post is properly indexed on google.

The second-best way to amplify the TOFU is via native channels:

Content discovery networks such as Taboola and Outbrain open a door to getting your best performing blog posts discovered. Note that leads generated through native advertising will most likely not be of the same quality as leads generated through search advertising. The reason is pretty straight forward – search leads are actively looking for answers, while native advertising leads may follow up on your suggestion to read a blog post and download a content offer, it may not be relevant to them in any way other than to satisfy their general curiosity. Such leads aren’t your target audience and will not become customers.

Lastly, you can use Display advertising to amplify your TOFU. This should be your last resort. As in native advertising, there is a good chance that these leads are just interested in your content but have no intent on taking any further action and will not progress down the buyer’s journey. This should be a last result because it will prove to be a more expensive method than native advertising, yet the context will be vague and the quality of the leads will drop.

Middle of the funnel (MOFU)/ Bottom of the funnel (BOFU) amplification

Email marketing is a great way to nurture leads and drive them down the buyer’s journey.

If you want faster results and higher conversion rates you can utilize media in order to amplify your TOFU->MOFU->BOFU progression pace and rate. Create remarketing lists that are based on your leads website behavior or on data that you have at your disposal.

Pro tip: Since user behavior is very dynamic, your remarketing lists are bound to change constantly, making management of data based remarketing campaigns challenging. For example, if a prospect progressed from the middle of the funnel to the bottom of the funnel, you will need to update the remarketing lists they are part of, in order to keep your messaging relevant. It’s possible to automate this process – some advertising channels have the capability to onboard audience data using API procedures making it close enough to real time. You would need to use a third party solution like LiveRamp or to create your own proprietary solution. Using audience onboarding capabilities, turns your CRM into a first party DMP enabling you to target contacts across various ad networks and placements around the web.

Measuring and Attribution

Measuring the success of amplified inbound marketing is one of biggest challenges. There is a lot of money invested in creating content, marketing tools and media spend. Longer sales cycles tend to make the calculations even harder.

For general ROI reporting it’s quite simple:

  • sum up all the money invested in all channels (including content creation, media spend, marketing agency ).
  • sum up the revenue derived from campaign
  • divide the two

The actual challenge is to figure out exactly which channel assisted the conversion more than the rest. Multi-channel marketing on different phases of the buyer’s journey poses great attribution challenge.

Attribution modeling is the science of setting rules defining how to attribute revenue to each participating channel in the conversion path. For companies with a short sales cycles (SaaS for example) using Google analytics can suffice. But companies with a long sales cycle and sales that occur offline, encounter difficulties when trying to measure the effectiveness of each channel. The challenge is both technological and logical.

Technologically, this can be solved using a variety of third party marketing tools such as HubSpot and Bizzable.

Logically, this can be solved by trial and error – testing different models to see which model best reflects your business model and sales cycle. One model could be a perfect fit to one company and a misleading report for another.

Conclusion

When done right, inbound marketing can be amplified using paid advertising. In order to scale and generate profit, it’s crucial to align your advertising with your prospect’s buyer’s journey. Don’t waste time generating leads that will never become customers and always measure and make sure you know what channel to attribute your efforts to.

Happy marketing!

If you found this useful, I invite you to download our Digital Marketing MUST Reports and Measures eBook. This is your guide to start measuring what truly matters in your campaigns and take control of your spend. Get your FREE copy now

27 Apr 15:27

The 21 Most Effective Places to Share B2B Content

by Ron Sela

Introduction

In today’s world of cut-throat competition, the success of your business depends on the marketing strategies that you adopt. Content marketing is an extremely useful strategy in the world of business to business.

Successfully reaching out to other potential clients fundamentally means how effectively you display your content and the locations that you select for that purpose.

From social media to formal emails, as someone who is involved in the B2B industry, you cannot overlook any of the options that are available to you for sharing your content.

We are here to help you, by suggesting the 21 best places that you must try for sharing your content..

1. Flipboard

Started as a feed reader in a magazine-inspired style, Flipboard had around 90 million readers back in 2013! Readers mainly use Flipboard to discover new content and read about it.

This is one of the best places that you can choose for marketing your content to prospective readers.

Initially developed just for reading content, due to its popularity, Flipboard has become a personalized app. Readers can subscribe to any specific feed, follow a topic that they find interesting, and even keep a track of their social media life.

Flipboard’s main aim is to collect the best content and accumulate it all in one spot. So, it’s easy to create your own magazine on it now. This is a great idea if you wish to expand and attract more readers, as Flipboard is a sure-shot guarantee of excellent and well-curated content.

2. Advocate Driven Sharing

Just spending hours on your content and then hitting “Publish” is no guarantee of success. In fact, the mammoth task isn’t publishing your post, but actually getting the right people to see it. This is where brand advocates can be useful.

Brand advocates ensure that your content reaches the right audience. You can solely focus on shaping well-written content while they handle the marketing for you. Advocates will love being a part of your growth story; after all, your brand gives them a sense of belonging. If you write fun, light-hearted articles that enjoy social media popularity, your advocates will do a good job of sharing your content. Just make sure your articles are easy to understand and well-structured, and keep a close track on the sharing so that you can thank your advocates later on.

3. Outbrain Remarketing

The Outbrain network can target the correct customers within its community in an effective marketing strategy for your content. Their successful marketing campaigns use retargeting to target the visitors who have previously visited a website and expressed an interest in a brand.

And with a new product called Custom Audiences, Outbrain can enable your content to be recommended throughout its huge network of publishers.

This will again provide valuable content to those visiting the website. In fact, you can now break down the different types of visitors to your website and target them with content that matches their interests and needs.

4. Taboola Retargeting

If we’re talking about content marketing how can we forget one of the best content discovery platforms that markets over 360 billion recommendations to over 1 billion website visitors each month – Taboola?! It is one of the best publisher sites, used by famous names like USA Today and Fox Sports.

Taboola retargeting enables your content to be suggested on some of the best publishing sites. You can selectively target the audience that is interested in your area of expertise, based on your traffic, and you can also select the content that works best for you and build more awareness around your brand.

5. Twitter Remarketing

Twitter is a platform which just magnifies the power of words – those 140 characters can either make you or break you. And with Twitter’s Tailored Audiences you can now reach out to customers who have already expressed an interest in your business, so you know that you are curating content for individuals who will be interested in your content.

Twitter’s innovative service can help you to create effective remarketing campaigns by enabling you reach out to those who have visited your website, indulged in any activity on your mobile app, or you can even use your email lists to reach out to potential customers.

6. Google Remarketing

Google has single-handedly changed the way business is done all over the world, so it is natural for Google to feature on this list. When it comes to ensuring that your B2B content is reaching out to the right audience you can always rely on Google Remarketing.

Google can help you in innumerable ways – you can just target people who have visited your website, or reach out to those who didn’t buy anything but did add some products to their carts.

You can also keep track of how your content or products are faring, where they are showing up and the price that you are paying. Your content can even appear on the screens of those people who are engaged in searching for your business.

7. Reddit Paid

Reddit is visited by over 250 million people and supports over 50,000 different communities that share different interests and ideas. The most relevant content in each and every field is shared every day and almost any type of content is highly likely to find an interested audience on this platform.

Managing your content campaign on Reddit is easy with its friendly tools. Getting started is easier than you think, as there are no technical requirements to fulfil. With just a daily budget of $5 you are all set to display your content to a huge audience, where the potential for interesting readers to discover your content is higher than ever!

8. Facebook Remarketing

Facebook Remarketing works very much like Google, except that your ads and content are displayed on Facebook rather than on the websites that fall within the Display Network.

When customers visit your website or express remote interest in your brands, they will be followed. Then, when they are scrolling through their Facebook home feed, your website ads pop up again, reminding them of what they’re missing out on.

With monthly visitors exceeding the population of China and billions of clicks every year, there is nothing to better Facebook Remarketing, and Facebook also gives you the advantage of having your friends and family on board!

9. Forum Marketing

Forum marketing is a great way to make your business shine in a very short time span. The forum audience consists of experts and bloggers who are authorities in their field and are closely followed by thousands of people online. So, if they are attracted to your business, like your product and even as much as put out one positive statement about your brand, you will witness sales increase dramatically almost overnight!

10. Q&A Websites

In the case of small to medium businesses, Q&A websites are one of the most efficient ways of generating traffic towards to your site. These sites mainly consist of questions and answers that are asked and answered by different users.

Since there are usually long tail keywords in the questions, these sites can quickly collect search engine traffic along with their regular visitors. An example is Quora which is the 140th largest site in the world.

However, you must keep a few things in mind when using these platforms. Always answer the latest questions if possible, answer questions that have a greater number of views as this means that people are interested in that question, and also try to answer those questions which have not acquired many responses as this increases your chance of being spotted in a crowd.

11. Communities Marketing

Many organizations grossly underestimate the influence that communities can have in the successful running of a company. Communities marketing plays a very important role because it is an efficient method to reach out to the appropriate audience, providing you with feedback and even amplifying your reach.

Companies and marketers are only now re-discovering the role that communities play in marketing their products and services to the right audience.

12. Employee Advocacy

Apart from the promoter or the owner, only the employees know an organization inside out. Thus, marketing content through your employees is a good idea, as they know about your products and services, and can tap into a huge number of interested customers through their personal, professional and social contacts.

Excellent knowledge, coupled with an audience that is interested in the niche, will give you the successful results that you are seeking.

13. SEO

It is not possible for a reader to go through all the pages of results that Google and other popular search engines produce when he types in keywords. Many readers won’t even venture off the first page of search results. That is why it is important to ensure that your website or blog ranks well and appears in the first few options, so that you have a higher chance of directing more traffic to your website or blog.

14. Article Roundups

Being a good content curator is not easy. If you can get ‘down and dirty’ and come up with amazing article roundups, then not only will the readers be thankful to you for helping them understand a specific topic in a particular industry, but they will also keep coming back to your site as their trust grows.

Using article roundups in this way, your work gets all the credit it deserves and also reaches out to the right audience.

15. Your email list

We are so busy looking for new ways to share content that the most simple, obvious and still effective technique skips our eye! We are talking about your own email list.

This has the addresses of everyone you know (perhaps some on a personal basis) who are very likely to share your posts among their contacts and ask them to do the same.

This enables your content to be circulated within a much larger group of people than you probably imagined. Moreover, you can feel sure that they will make the effort since they know you well.

16. Twitter

Twitter hashtags have become something of a trend nowadays. Any major event leads to the creation of a new hashtag. All related tweets carry the same hashtag, so just by typing in the hashtag, you can easily be taken to related posts in a matter of a few seconds.

So, if you are interested in any topic related to an important recent event, make sure your post has the necessary hashtags so the right readers can easily find it and read it!

17. Pinterest

Everyone is aware of the popularity that Pinterest enjoys! After all, it has millions of members who regularly surf for ideas on a subject or post their take on it. The attraction of Pinterest is that it contains something for everybody – from different styles of gift wrapping to wall painting ideas. Virtually every topic is covered there.

Since there are millions of people visiting Pinterest, it’s a great opportunity for your content to reach your target audience.

18. LinkedIn Groups

LinkedIn targets the professional world. However, LinkedIn can also help you to publish your content to an interested audience.

It can help you to find and target people based on their skills, the company that they work for, and several other factors, so that you can market your campaign accordingly. You can be assured that the campaign is being promoted to the right group.

19. Google+ Communities

This is very much like Facebook, but in a slightly more professional world, where people share their ideas and projects to those interested in that specific field. People can join different communities according to their interests.

At any given point, a community is filled with people who are keenly interested in a particular subject, so you can target any community that you feel is the best audience for your post, product or services.

20. Facebook Groups

In addition to specific Facebook marketing or remarketing, the huge Facebook population contains numerous groups or pages covering a diverse range of topics, interests and subjects.

Facebook users who are interested in a specific niche can post their thoughts or articles, comment, like and share content from time to time.

Since all the members of a specific page or group are interested in that particular topic, bringing your content to their attention is certainly a good marketing strategy.

21. Guest Blogging

Write a guest post for a popular blogger or ask a famous blogger to write a post for your blog!

If a well-known blogger on a specific topic writes something for your blog, he or she will be introducing you to his or her own audience. This will enable you to gain access to a wider group of people who are already interested in that particular topic.

Final thoughts,

We hope you learned of some new ideas and places to share b2b content and grow your reach. If you have any more suggestions? do share in the comments.

And if you found this of use, you might also find the Bold Digital Architects guide to inbound marketing relevant to your work. Click to download (it’s FREE):

27 Apr 15:27

12 Sales Prospecting Methods to Use as Alternatives to Cold Calling

by Josh Slone

Cold outreach works—when you define and implement it correctly. This post aims to show you the sales prospecting methods that work as alternatives to cold calling!

You’d be hard-pressed to find anyone here at LF who thinks it a great idea to pull out a Phoenix phonebook and start at the letter “A”.

That’s silly, but sadly, it’s what most people think of when they hear the term “Cold Calling”.

Not only is that not one of the sales prospecting methods I recommend, but it’s really not much of a method at all.

A (slightly) better routine is to purchase a pre-made list of leads based on minimal criteria and then reps start from the top and pester the names on the list until it dries up.

Another poor outreach strategy at its worst.

There is always an element of the sales process that requires you to build rapport. And if your product is expensive or complicated—it will eventually take a conversation to close.

That said, there shouldn’t be too many times when you are going into a call without the prospect at least knowing something about you. And there should be zero occurrences of you going into a call without all the data you need to succeed.

To help, we’re going to give you a list of sales prospecting methods to use as alternatives to cold calling.

Canned script with predetermined, robotic statements to get around objections make the contact feel like they’re trying to pay their house payment (e.g. via automated telebot). We urge you not to do that, but develop a pipeline of solid lead gen sources (like the ones below).

Some of the methods are quick and don’t take much time, others take a while (at first). All will deliver results. We’ll try to rate each one based on effort and potential result.

Let’s get started.

Note: All of these sales prospecting methods will keep you from calling people who are completely unaware of you, but we will not be sharing the commonly shared “inbound” methods of avoiding outreach. All of our options are things you can do starting today and see fruit from your labor without having to rank for keywords on Google. We love blogging and inbound, but these methods are built to help your team meet quota next month.

Twitter Outreach

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Yes, we know B2Bs live and breathe on LinkedIn (it’s on this list). But one of the most undervalued social channels is Twitter.

Not only can you reach out to the right people directly, you can research contacts to find influencers and decision makers before you reach out. It can also be (partially) automated to save time and give you notifications when something worth your time happens.

Tip #1: Use a tool, like SocialOomph (free and paid), to pick keywords and a ridiculous amount of other prompts.

Tip #2: Use the advanced search feature. To find this feature you’ll have to search for something first and then choose advanced search after the results come up. But if you really want to dig in, we recommend that you use the desktop site and just go directly to the advanced search page—here’s the link.

Take a look at the screenshot below and drool over the inputs to search.

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Tip #3: It should go without saying that when you do interact with prospects via any social channel—start by adding extreme value to them while learning more about them. Consider this a time to qualify them without them knowing it.

Effort: Searching takes a little time, but building relationships takes a while. Let leads simmer longer here before getting aggressive.

Potential Result: The number of hot leads may not be a steady stream, but if you use automation it’ll be like putting a pole in the lake and waiting for a bite.

Further Research: A great post from Salesforce on using Twitter for B2B sales.

Facebook Groups

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Facebook? For B2B? Yep!

Sales Prospecting Methods to Use as Alternatives to Cold Calling

It’s actually worth some time to look to FB for genuine B2B leads. The best place for reps is going to be groups that would interest and directly relate to their prospects.

These groups don’t have to be stuffy and can be entertaining—that’s what makes them great.

Best Tip: Show them something different. Your customers go to LinkedIn and are bombarded with stock photos of computers, people in dress clothes, and those stupid fake stick figure people.

They go to FB to waste a few minutes and see something that interests them. Give them that in a way that establishes you as a relative expert. You don’t have to share industry memes, or be a jester. But tips, tricks and other interesting industry points are very welcome on FB.

Effort: You shouldn’t spend too much time here, but consistent posting and question answering will give the best result.

Potential Result: Again, it won’t make your month, but it will bring in some leads that may not have come in otherwise.

Further Research: Here are six case studies/tips of B2Bs using FB.

LinkedIn Groups

Sales Prospecting Methods to Use as Alternatives to Cold Calling

You knew it’d be on here.

If your reps aren’t using LinkedIn, they’re either new or about to get fired. You probably know that LI groups are where your prospects are likely to be. You also know that using the many strategies and even the LI tools can help gain valuable insights and new leads very well.

Our tip has nothing to do with what to do, but rather what to avoid.

Warning Tip: Avoid scraping LinkedIn as it is against their terms of service and they are coming down on people that do this. Here’s some recent news about LI suing over it.

Effort: The results aren’t worth the punishment in this case. There are plenty of legal things to do, so avoid this strategy.

Potential Result: Termination, legal action, hefty fine.

Further Research: So you don’t feel shorted, here are 27 LI tips from Forbes.

Quora (and Sites Like It)

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Forum sites don’t seem to have the staying power of social media sites, but they do get really popular.

Folks like GaryVee, Tim Ferris, and other top market thinkers use them, which should tell you a bit about their value. Using these sites help you in multiple ways that pay dividends over time.

Using them is usually quick and easy, too.

Tip #1: Search for topics that you can add value to, but will be seen by influencers in your target industry. Think, answering questions about lowering shrink when you sell inventory software.

Tip #2: Don’t expect the asker to be your client. These questions get seen by tons of people; consider this one to be more of an inbound method. This means that your answer should be the best one, so make sure you know what you’re talking about.

Effort: Your answers should come from experience, so the effort is just quickly searching for questions and answering appropriately.

Potential Result: A drip of people who find you here, may follow you via social making it a slow, but potent drizzle down your pipeline.

Further Research: Here’s a Quora question (with some great answers) about finding other sites like Quora.

Cold Call Email

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Cold calling may not be needed at all—if you can get cold leads to respond to your emails.

How do you get more people to respond to your emails? Glad you asked.

It starts by having a firm grip on who you’re emailing. Researching contacts from a brand, finding out their pains, and all of the other aspects of having an ideal prospect in mind.

Tip #1: Use a tool. Lead gen without a tool is nonsense nowadays. Ours allows you to research leads based on several factors including industry, revenue, and size. We even automate that whole cold emailing thing while helping you craft the perfect message (to maximize responses).

Effort: Without a tool. Nonsense. With a tool (especially ours) it’s minimal compared to the result.

Potential Result: Well-researched cold email is possibly the only item on our list that can help you make your month in an of itself.

Further Research: If you’re interested, our lead generation software automates it all.

Current Clients

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Referrals can make or break a sales team. Between prospecting and getting closed clients to refer colleagues, you can be a good rep.

Even with this common knowledge, few have an automated process or schedule for getting them. We’re not saying you should send a canned email or anything, but a little knowledge goes a long way here.

Tip #1: Do it within 30 days, but not too soon.

They are no longer “learning” and starting to see the benefits—making it the perfect time to reach out, see how they’re doing, and ask for a contact.

Tip #2: Calling works best, but email can be a bit more automated. They’ll answer because you’ve already sold them, right?

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Effort: It takes some time to get in the groove, but once you get going; referrals can be a healthy source of constant leads.

Potential Result: Depending on how many sales it takes to make your month. Referrals could fast become your favorite lead gen method.

Further Research: Case study about one B2B marketer getting over 1000 referrals in a year.

Joint Ventures

Sales Prospecting Methods to Use as Alternatives to Cold Calling

This strategy isn’t going to work for many sales reps and managers. For that we apologize.

But if you’re a founder that is looking to heavily boost your exposure while helping like-minded entrepreneurs—it could really help.

A joint venture is less formal and less time bound than a partnership. Instead of going into business together, you and another similar company run together for a while in the form of promotion for an agreed-upon amount of time.

It can be very loosely put together, or even involve contracts. Either way, they’re a good idea if done well.

Tip #1: You HAVE to add insane value to the partner you are pursuing (if you don’t know them well). Building a literal relationship before asking them for something this significant. Like, find out what conference they’re attending, the mastermind they’re in, make yourself known through bringing genuine help.

Tip #2: Have a couple of solid ideas when you finally ask for the JV. You’ll have some back and forth, so you don’t want it to be rigid. That said, you don’t want to show up to the meeting you set with, “I don’t know, what do you have in mind?”

Effort: Much effort. Months of looking and trying to make friends.

Potential Result: Incredible. Done well, it would be like McDonald’s only selling hamburgers and then partnering with a business that makes french fries.

Further Research: A great post on the advantages and disadvantages of joint ventures.

Peer Luncheon

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Definitely the most fancy sounding method on our list, but don’t let it scare you.

Sales reps may not be able to do a joint venture, but you can rock a peer lunch.

If you try to move B2B products for a living, you like to talk shop. Big sales, tough sales, bad clients.

Our career path lends a lot of stories and we love telling stories.

You know what else people love? Food.

Tip #1: Meet once a month and get to know sales reps in your area. Get to know them and have fun. It’s a tough job sometimes and venting with others is a great way to keep your sanity.

Tip #2: Chances are someone sells something that compliments your product. A little mutual back-scratching shouldn’t be hard if you can work out the details.

Effort: Picking a venue, making calls, and eating. Nothing too difficult.

Potential Result: The camaraderie is good, but a call now and again with a warm lead is definitely worthwhile.

Further Research: How to host a networking dinner via Entrepreneur.

Snail (Direct) Mail

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Don’t knock it ’til you try it.

What’s in your mail box? If it’s like mine, you have bills, a package from Amazon, and something from a TV provider.

The point is, there’s room for something unusual. Like a letter or postcard.

Granted businesses do have letters and such sent to the office, but even still it’s getting rare. B2Bs that do regular mail well are killing it.

Tip #1: Don’t mass send these. Personalization can be done via email with software. The same-ish type of personalization on physical letters is only possible through incredibly expensive printer/computers. Send only to high-quality leads that seem a bit old school.

Tip #2: Make it something different. Not necessarily fancy. After all, a handwritten note in a handwritten letter is something that very few people do.

Effort: Tons of effort. You’ll either have to construct a physical mail campaign, or hand write letters to a small list of great leads.

Potential Result: The personal touch can have a great impact on the smaller amount of leads—leading to a warmer experience during the sales process.

Further Research: A great piece from Pardot about using direct mail with your marketing automation efforts.

Networking Groups

Join networking groups. It’s free and easy.

Here in Phoenix we have a site like NetworkingPhoenix.com. There is a detailed calendar of networking events in the area. You may have something like this on different chambers of commerce in your area.

You can check MeetUp.com as well. Unless you live somewhere very remote, it’s likely you’ll have a group within driving distance.

Best Tip: Don’t just whip out your business cards. Have conversations and listen. Usually, relationships and potential leads will develop through the natural communication.

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Effort: We’ll be honest, these can be grueling to go to all the time. Get a schedule that works for you and don’t go to events that make you uncomfortable (or put on your own).

Potential Result: Anything from partnerships, referrals, or warm leads can come from networking. It’s not going to sustain you, but there are many residual benefits to consider.

Further Research: A great article from LifeHack to help B2B folks.

Webinars

No, don’t just do a sales presentation on a web chat full of a bunch of people you duped into being there.

Having a webinar has to entice people to come, but it also has to impress them once they arrive. If you just try out your pitch for 30 minutes, you’ll burn that field right over.

Sales Prospecting Methods to Use as Alternatives to Cold Calling

Best Tip: Give a group of people (that could be interested in your product) something that they truly want. Sell and inventory software? Talk about lowering shrink in the XYZ industry. Make it related to the pain you solve and let them know how well you know how to solve it (with the product).

Effort: If you know your target audience and your product, you should be able to put together a valuable 30-45 presentation in a week. Then, you’ll just have to generate interest amongst leads by inviting them, or a small ad budget.

Potential Result: Webinars can be one of the primary methods you use to bring a steady stream of leads into the funnel.

Further Research: 8 Tips for integrating webinars into your B2B sales and marketing process.

Call “Old” Leads

Sales Prospecting Methods to Use as Alternatives to Cold Calling

One of the biggest travesties of most sales reps is the lack of follow-up on old leads that never closed.

You know. All those qualifying calls that went sour and the closed-lost pile that’s full of people who already know about you?

It’s surprising how many people you’ll call months down the road and they’ll say “I’ve been meaning to look at that again”, or “We might have the budget now”.

Only Tip: Call old leads that didn’t buy the first time. Yes, develop a plan, make a schedule, yada yada. But just call them, please.

Effort: You may have to add a process to your CRM, and do a little adjusting to your weekly schedule. Nothing too life-changing.

Potential Result: Track the number of leads you contact who didn’t make it all the way. Take that number and track your follow-ups and conversion rate. Do it for 3-6 months and you’ll probably never stop.

Further Research: How to revive old sales leads courtesy of Vendasta.

In Summary

Now you have a comprehensive list of sales prospecting methods to help you get more leads streaming into your funnel.

Either you’ll keep on trying to cold call off of an inaccurate list—or—you could implement one or two of these strategies at a time. Test them, try them, use them.

Which tactic is your favorite? Do you have one we missed or other sales prospecting methods you recommend?

Want to get people to respond to your cold email outreach? Grab this guide which gives you 10 cold email tips you need to be using! It’s one of the best alternatives to cold calling that exist!

27 Apr 15:26

LinkedIn launches new Matched Audiences feature and new ABM options [@SmartInsights Alert]

by Robert Allen

Are LinkedIn's new features the most effective B2B ad product on the market?

This week has seen the launch of two powerful new B2B advertising products from LinkedIn. Both have the potential to help B2B advertisers get far more benefit from the business-focused social network.

LinkedIn Matched Audiences

Matching audiences to email addresses is one way to re-target people who you know are interested in your product (because they've given you their address). Facebook, Twitter and Google already have options to re-target audiences based on email address.

The idea is you upload the list of your customer's email addresses, and then the ad network matches these addresses to the people on its database, so you can serve ads to those exact people. This is a great tactic for B2B because the long, complex selling process for big ticket purchases often involves signing up to research and white papers and then comparing several different providers. Advertising to these people is critical as it keeps your brand at the top of their mind.

These should be people that are the most cost effective to target because they already know your brand and have expressed a willingness to receive communications with you by giving you their email address. Sounds great in theory, but in practice, it tends not to be so effective for one simple reason. People sign up for B2B downloads or mailing lists with their work email address, not their personal email address. But the email address people have associated with their Facebook and Twitter accounts aren't their work email addresses, they are their personal addresses, so they don't match. The system then misses these people, which make up the vast majority of Facebook, Twitter and Google users. Usually, 85% of email addresses added to Facebook's email matching ad product won't be successfully matched to a Facebook account.

This is where LinkedIn has a huge edge. People do use their work email addresses with their LinkedIn accounts, so re-targeting these people on LinkedIn will be far more effective. Whilst you can expect to be matching 15% of your database on Facebook or Twitter, on LinkedIn the figure will be around the 75% mark.

It's not just re-targeting that makes LinkedIn's new matched audiences a useful tool. You can also use to it get better value from your LinkedIn ads. If you're running demand generation ads on LinkedIn, you don't want to be serving them to people that are already leads, as they are already in your system to contact. Any clicks from these people are just a waste of money. So if you upload the emails of your leads to LinkedIn and then exclude them from your demand generation campaigns, you can stop yourself from serving your content to these people.

Account Based Marketing (ABM) Ads

Along with Matched Audience, LinkedIn launched it's new ABM feature for its ad product this week. You can now upload .CSVs of up to 300,000 companies to target. So if you sell a big enterprise solution, you can now easily target fortune 1000 companies so you're not paying for ads to be seen by the owner of a florist who isn't going to buy your all singing all dancing software in a month of Sundays. This feature opens up a range of new tactics which can make your LinkedIn far more effective. First of all, you can more effectively target the businesses that have been on your radar or the radar of your sales team. Get your staff to draw up lists of companies they know they'd want to win as clients and then add them to the accounts list to target.

You can also use the feature to exclude your competitors from all your LinkedIn ads, so your not wasting money getting impressions from competitors. This had the added benefit of preventing your competitors from knowing what you're doing with LinkedIn ads, giving you a valuable edge. You can also save money by adding all your clients into an ABM audience and exclude them from all campaigns that don't involve up-selling. This again lets you save money by not paying for impressions/clicks from those who you already work with.

 

27 Apr 15:26

5 Insider Tips to Get a Demo That’s Actually Useful

by Omair Malik

5 tips to get an effective martech demo

Have you ever found yourself (and your team) wasting time, missing out on opportunities, or failing to meet your goals? It can be perplexing when you know that your strategy is airtight—what could be holding your back?

After analyzing all the clues like a detective in a riveting HBO finale, you may realize the culprit is lurking in your marketing technology stack! A bad technology choice can pose a variety of problems for you and your team—maybe it’s too slow, maybe it doesn’t scale, maybe it doesn’t sync effectively with your other technologies or maybe it’s just too clunky and difficult to use.

So, if it’s time for a change, how should you go about it? Some of my colleagues have written excellent guides on how to get started but I’d like to focus this post on the product demo, which is a critical part of any evaluation of technology.

During your evaluation, the product demo is your chance to understand how this new platform will change your life for the better. Rather than a generic recording, you get to speak to experts who’ll be able to answer your questions and paint a clear picture of how you can lead your team to success.

Based on my experience in talking hundreds of customers through this process, I’d like to explain how you can use 5 simple steps to make sure the sales demo you receive is a valuable exercise that will help you pick the best platform for your team.

1. Partner with Your Sales Rep

You might be tempted to skip the discovery call altogether and insist on seeing the platform immediately. Maybe you find yourself annoyed with the barrage of questions you’re getting about your business and your evaluation when all you want to do is buy something immediately. After all, you already know what the problem is! You just need something to fix it.

However, going into a demo without explaining your requirements means that you’ll either see every single product available or a generic overview, which will make it hard to connect the dots. This will translate to a longer evaluation and a harder time making the right choice.

If you take the time to explain your goals to the salesperson, they’ll be able to craft a custom demo that will answer your questions, address your pain points and give you clear differentiators for your eventual decision. Instead of thinking of your sales rep as pesky, consider them as a partner on your team who’ll help you make the right choice and get your team on the right track.

2. Make an Obstacle Course

For the demo, think of your situation today. What parts of your process are frustrating? What parts are critically important? Use these activities to map out 3-5 “missions” that you want to see tested out during a demo. This could be as mundane as sending out an email to something more complex such as managing and reporting on all your webinar programs for the year.

Once you’ve got these, ask the sales people to demonstrate how their platform would handle these tasks and make sure that they spell out for each of them:

  • How It’s done.
  • How it’s different than what you’re doing today.
  • Why it’s better than the competition.

By doing this, you’re avoiding the dreaded PowerPoints or canned recordings that you could just as easily see in a Google search. Instead, you’ll have a customized demonstration where you can ask pointed questions. You’ll be able to walk away with a clear understanding of how each platform will make you and your team more successful after the evaluation.

3. Engage and Be Active

A productive demonstration will be like a conversation. As the sale person to walk you through each “mission” you’ve crafted for them, offer critique and feedback on how you see yourself using the platform. If you’ve seen any competitors, ask them how they differentiate themselves. Find out how their customers in similar situations have used their platform. Finally, imagine yourself in the platform repeating their steps over the course of the year. An interface that may seem simple to use could quickly become limiting while an overly complex system could become difficult to use at scale. Make sure to voice any concerns you have and carefully consider their rebuttals.

4. Get The Right People Involved

Nobody likes surprises. If your bold new software implementation is going to cause ripples across the company, you’ll want to make sure you’re not stepping on anyone’s toes.

If your project involves changes to your database or your website, it’s a good idea to bring on a representative from IT to explain how your company’s infrastructure works. If you want to implement a new strategy to drive leads to your sales department, it doesn’t hurt to bring on a sales person to see how life will change for them after implementation.

This means they’ll be able to ask the right questions and will be prepared for the new direction you’ll be boldly steering the company in. The last thing you need during an evaluation is someone derailing you at the last minute.

5. Debrief and Follow Up

As you sit through the demo, be sure to take some time afterward to discuss your impressions with colleagues. Try to recall the details of previous demos and compare what you saw. If anything concerns you, reach out to your sales person and see how they respond. It’s very likely that they do have that functionality but simply couldn’t show it because of time constraints. If it makes sense, be sure to schedule a follow-up demonstration to address any lingering questions.

I hope these steps are helpful for you in your next evaluation. If this turns out to be useful or if you have extra steps that you think are missing, please let me know in the comments below!

26 Apr 17:17

How to get your salespeople to actually listen

by george@membrain.com (George Brontén)

It’s no secret that customer focus is one of the key differentiators of highly effective sales teams. In fact, in her conversation with us last year, Tamara Schenk of CSO Insights shared that 94% of world-class sales teams work a “customer core” approach versus 39% of all respondents.

26 Apr 17:14

Manage electronic signatures painlessly

by Boing Boing

Boing Boing proudly welcomes our new sponsor Eversign: Legally binding electronic signatures at work, at home or on the go!

Taking your company paperless is a wonderful goal, but without a fantastic electronic signature system you will create problems faster than you solve them. Enter Eversign!

Eversign is a full-suite electronic document management system non-pariel! Beyond merely allowing you to identify signature blocks on documents, and securely send documents to another signing party, Eversign adds a world of features and integration. So many features you'll be kinda shocked this is just a document signing service!

Eversign easily manages any document. From simple agreements for your first born to complex documents with long lists of signators. Documents can be signed serially, or in parallel, enabling folks to sign in a precise order if desired, just like the Lesser Key of Solomon requires.

Documents can be signed with any device, and in-person signing options also exist for times when you and a colleague want to mutually execute a document in the field! The second your client agrees to that crazy idea? Get them to sign on your phone right there! The only signing option Eversign seems to lack is blood.

Eversign also allows users to type, upload, or draw their thoroughly authenticated and unique digital signatures. Forget cursive! Want to use a sketch of your favorite 70s Saturday morning cartoon character superimposed with an image of the devil? That is your legally binding signature now, baby!

Eversign is also packed with conveniences like document editing, when you need to correct a last minute mistake, contact management and document management databases. Eversign also allows you to chose your own cloud storage service, and offers integration with all the top providers seamlessly connecting you to popular online applications like Google Docs, Zoho, Dropbox, Salesforce and many more.

Signing documents gets a whole lot easier, and nicer to trees, with Eversign!

26 Apr 17:12

The next iteration of Alexa is designed to watch you while you get dressed

by Cory Doctorow

The Echo Look is the next version of the Alexa appliance: it has an always-on camera hooked up to a computer vision system and the first application for it is to watch you as you dress and give you fashion advice (that is, recommend clothes you can order from Amazon).

Amazon has announced it will store audio and video from your bedroom forever, or until you explicitly delete them.

More than anything, this is evidence of the bitter rivalry between Amazon and Netflix: evidently, that rivalry extends to not ever, ever watching Black Mirror, not even a single episode.

Motherboard also asked if Echo Look photos, videos, and the data gleaned from them would be sold to third parties; the company did not address that question.

As technosociologist Zeynep Tufekci points out, machine learning combined with full-length photos and videos have at least the potential to be used for much more than selling you clothes or serving you ads. Amazon will have the capability to detect if you're pregnant and may be able to learn if you're depressed. Her whole thread is worth reading.

Amazon Wants to Put a Camera and Microphone in Your Bedroom [Jason Koebler/Motherboard]

26 Apr 17:12

Follow-up emails are 'the key to success in any field' — here's exactly what to write

by Richard Feloni

computer work

Keith Ferrazzi's bestselling career guide "Never Eat Alone" is filled with several hundred pages of professional networking insight, but there's one small point that can't be overlooked.

"The most memorable gifts I have ever received are those whose value could not be measured in terms of dollars and cents," Ferrazzi wrote. "They are the heartfelt letters, e-mails, and cards I receive from people thanking me for guidance and advice."

He noted that if you send a decent follow-up message after meeting with someone, you'll distinguish yourself from "95 percent of your peers," since "the fact is, most people don't follow up very well, if at all."

Ferrazzi even made his point in all-caps: "FOLLOW-UP IS THE KEY TO SUCCESS IN ANY FIELD" — and that doesn't mean you reserve the follow-up message for job interviews.

Ferrazzi is the founder and CEO of Ferrazzi Greenlight, a management consultant firm with major clients like General Motors and American Express, and he's constantly meeting with new and potential clients.

Here's an example email he would send to one of those potential clients after their first meeting, where they got to know each other a bit. Note that he "reiterates the commitments everyone has made, and asks when a second follow-up meeting can be arranged":

"It was great talking to you over lunch yesterday. I wanted to follow up with some thoughts we discussed yesterday. I believe Ferrazzi Greenlight can serve the interests of your company, and I've had time to work out the finer details.

"The next time I'm in town, I'd love to get on your calendar and chat for five or ten minutes."

The above is just a skeleton, but Ferrazzi recommends adding some personality to your message, such as an allusion to something you discussed, a discovered shared interest, or a joke that came up. Some more tips:

• Send your email within 24 hours of meeting, but don't wait too long. If you grabbed drinks, send your message the next morning.

• Express gratitude.

• Be brief.

• Focus on what you can do for them.

• If someone connected you to this person, send a follow-up to the referrer, as well.

The most important thing, Ferrazzi wrote, is that you make sending these follow-ups a habit. The small time investment will go far in your career.

SEE ALSO: How to write a cold email that gets a response from even the busiest people

Join the conversation about this story »

NOW WATCH: Here's the morning ritual 'Shark Tank' star Daymond John uses to stay focused throughout the day

26 Apr 17:11

How to Respond to a Sales Rejection Email

by Dan Sincavage

Nobody likes rejection yet we all know it’s part of a salesperson’s day-to-day. An agent who doesn’t get rejected is probably snoozing on the job!

How one deals with rejection differentiates an upstart agent from the winning salesperson. Do you look at rejection as a closed door? Or, can you see the cracks that hint at a start of a business relationship?

Look at a sales rejection email as a positive. It continues your conversation with your prospect. It leaves open several ways to engage with your lead, find out the root of their objection and reframe the solution that you offer.

Here are a few tips on how to reply to a rejection email.

Rejection Email Response Strategy 1: Reframe

Reframing your rejected pitch is a lot like applying the filters that your prospect views your proposal with. It involves using the information offered by your prospect to restate your offer. When done correctly, you can make them see your product in a different light, without being too pushy or contradictory. You are practically saying the same thing except that, now you consider their viewpoint.

Here’s an example.
Rejection email: We already work with your competitor, LinkedIn.
Your response: We use LinkedIn here at Facebook too. The social media company is actually complementary to what we’re trying to do. If you have ten minutes, I can explain this further.

Rejection Email Response Strategy 2: Look At The Big Picture

Sometimes, the specifics bog down possibilities of getting an agreement. When this happens, take a step back and talk about the big picture instead.

This does two things. You reframe the discussion towards something you and your prospect can agree on. You also steer clear of issues that are unnecessary and difficult to resolve at this point in your conversation.

Remember that you only need a foot in the door. When you get an agreement on something more general, you are engaging with your lead and keeping the conversation going. It is easier to get a time commitment this way.

Here’s an example.
Rejection email: A bucket of fried chicken is low in our priority list at this point because of our budget.
Your response: I understand that fried chicken is low priority right now. But, I’d love to learn more about your food preferences. This way, I can see if I can cook up something that might interest you in the future. Do you have 10 minutes free next week?

Rejection Email Response Strategy 3: Empathize

Empathy is a great way to communicate your understanding of your lead’s reality. It may start off as a negative, i.e. acknowledging your prospect’s objections. However, it is a way to bridge the gap. Now that you know your prospect’s pain points, offer new helpful information that moves the conversation forward. Then, ask again for a time commitment.

Here’s an example.
Rejection email: The solution that you offer is too complex for our needs. Right now, I am looking for something basic.
Your response: We can customize our solutions packages to fit your basic requirements and budget. Do you have 10 minutes free next week so I can present a solution that’s tailor-fit to your needs?

Rejection Email Response Strategy 4: Show Interest

“When you are truly interested in other people, you will learn what they are interested in and if they have a need for your product. If they like you, and most people like folks who take an interest in them, they’ll help you find people who do need what you have to sell, even if they don’t.” – Zig Ziglar

When you get that rejection email, ask questions. Dig deeper. It is not just about knowing the reason for the objection. You also try to get to know your lead better. When you know their situation and motivations, it is easier to make a counter offer. Plus, if they like you enough, you can get referrals too.

26 Apr 16:43

How to write a cold email that gets a response from even the busiest people

by Richard Feloni

elon musk

Sending the right cold email could land you your next client, employee, or even job.

But, as you probably know from experience, trying to get in touch with someone you've never met, especially if they're quite busy, can be an exercise in futility.

Thankfully, though, there are proven tactics that will increase your odds of getting a response — and master networker Keith Ferrazzi, author of the bestselling career guide "Never Eat Alone," can tell you what's consistently worked for him.

When Ferrazzi first published his book in 2005, he had already been the youngest CMO at both Deloitte Consulting and Starwood Hotels and Resorts; the CEO of marketing startup Ya Ya Media; and the founder and CEO of Ferrazzi Greenlight, a management consultant firm with major clients like General Motors and American Express. As he explains in "Never Eat Alone," updated in 2014, he credits his success from high school on to the power of relationships.

Here's how he recommends getting off on the right foot, via email.

1. Have a subject line that grabs their attention.

Regardless of what you write, your email isn't getting read if the subject line isn't compelling. "Focus on your strongest hook, either the contact you have in common or the specific value you have to offer," Ferrazzi writes.

2. Send it at the start or end of the day.

If you're contacting a busy person, they'll probably miss your message if you send it during their working hours. Send it first thing in the morning or as the work day ends, when they're probably checking their inbox.

3. Write a brief message.

Think about the way you process email. If you can't get to the point within a single screen's worth of text, the recipient is probably going to send it to the trash or forget it forever.

4. Give a call to action.

"Make you first request clear and easy," Ferrazzi wrote. Instead of writing something vague like "I'd love to get coffee sometime" or "get on the phone," give them some times and dates that work for you, and note how long they would take.

5. Proofread your email aloud.

Read through your email, aloud if possible (even if it's under your breath), to hear how you're coming across. The goal is to be clear and conversational.

6. Check your spelling and grammar.

Browsers have built in spell-checks — there's no excuse for coming across as sloppy and rushed by sending a message with typos or bad grammar.

SEE ALSO: A master networker explains how to avoid the 6 biggest networking mistakes

Join the conversation about this story »

NOW WATCH: 'Shark Tank' star Barbara Corcoran shares her keys to making a good first impression

26 Apr 16:41

The One Piece of Sales Prospecting Advice That Changed My Career

by Samantha McKenna

I’ve been in sales now for nearly ten years. When I first set foot into the role, I panicked at the idea of sales prospecting. How was I going to do cold outreach and convince people to speak with me? I’m a relationship person, you see, so the thought of picking up the phone or sending an email asking for someone’s time to let me pitch to them was the rudest thing I could imagine.

I started to hit the pavement, had some success, but it never seemed to be with the right targets. The people I wanted to talk to weren’t interested in responding to my emails. Life was rough…

The Golden Rule of Sales Prospecting

I spent some time with one of my mentors, Jim Durham, who kindly suggested that I scour his LinkedIn for connections. He was then the Chief Marketing Officer of a prominent law firm, and was incredibly well connected.

He trusted me to reach out to anyone that I’d love to meet with and mention that we know each other. How could I turn down this generous offer?

What happened next was incredible, and here’s what I learned:

1. Show Me You Know Me – SMYKM.

My team and mentees would tell you that this acronym may eventually be my first tattoo because I think it is the key to sales. This tactic is the heart and soul of how to prospect, and runs through every point below.

2. Your subject line is EVERYTHING.

My first two dozen emails buried the lead, as journalists say. I only mentioned Jim towards the bottom of my email, almost as a footer, rather than making it my headline.

As soon as I changed this, the email responses came pouring in. My subject line read, “Account Inquiry, from a friend of Jim Durham’s”

Like many of your target prospects, I receive an average of 100 unsolicited emails a day – yes, every day. The subject line is the first line of evaluation to whether or not I’ll open it.

The unfortunate part here is that I may even be in the market for what many of them are selling, but I need to be convinced to open the email first.

3. Your first sentence is almost as important.

This is a highly underrated sales prospecting tip. Keep in mind that your prospects are reading your emails in one of two places – as a pop up at the bottom hand of their screen, or on their phones. All they see before they decide if they’re going to delete is the subject line and a hint of the first sentence. Make it meaningful so that they don’t just swipe left and delete you.

4. Not everyone has a Jim in their life.

But what you do have is access to incredible tools like LinkedIn, Twitter, and Google in general. Your success rate of getting a response to an email will be infinitely better if you focus on a SMYKM aspect in the subject line and throughout the text.

5. SMYKM can be achieved in a variety of ways.

The first thing I coach my reps on is to look for a prospect’s previous set of employers. Here are some questions to ask:

  • Did they work at a company that is an existing client of ours and is in good standing? (If so, reference that in the subject line!)
  • Did that prospect attend your alma matter, or go to a school for which you actively cheer?
  • Is that person involved in any activities or charities that are tied to your passions?

If you struggle to find commonalities, also look for awards they’ve won or anything they’ve recently published across social media.

One side tip on that last remark. I once found a great article that a CEO had posted on Twitter and sent it to a former rep on another team. The article was a road map of exactly how to prospect and what not to do to get a C-Suite’s attention.

I sent the article to the rep and noted, “This is gold – use this to reach out to him!” Rather than reading the article, the rep sent it along, mentioned a few things in his email and hoped for the best.

Unfortunately, the rep did exactly what the CEO said not to do, and we still haven’t gotten in that particular door. So, take the time to read what you reference.

6. Stretch yourself.

Successful sales prospecting requires more work than it used to. Think strategically about the person you’re reaching out to. There is a certain seniority in title that is going to demand that you do more than the status quo.

At my company, one of our dream titles is Director (or above) of Demand Generation. When a rep emails this person, it needs to be SMYKM, but also extremely value driven.

What are the reps saying in those emails that convinces those prospects that they are worthy of their time?

How are they showing value, and displaying a level of intelligence and expertise that will convince someone like that to give them 15 minutes to hear their value proposition? It’s easy to get lazy and send out the same generic messaging while altering your subject line, but you gotta be smart here.

7. Don’t be basic.

Effective sales prospecting requires you to set yourself apart from the hundreds of other companies that are competing for your target customer’s attention. Think strategically about what you can deliver to them that drives value.

Are they responsible for global marketing? Find an article the speaks specifically to how to scale content across a global audience. Find something they’ve posted about a struggle they’ve had or a question they’ve posted on a forum, and answer it with your own data or company’s documentation.

Key Takeaways

  • Show value and that you did your homework. If you don’t show that you put the time in, they won’t be open to giving you their time in the first place.
  • Find commonalities at all costs! Be creative.
  • Show you know them by noting something significant in the subject line.
  • Show you know them in the text of the email by finding another commonality of some kind.
  • Make sure your subject line and first sentence is always compelling.

The post The One Piece of Sales Prospecting Advice That Changed My Career appeared first on Sales Hacker.

26 Apr 16:40

Caution! Seller Intent Is What Forms a Buyer's First Impression

Buyers are suspicious and guarded. 

Sometimes, sellers give them a reason to be. 

26 Apr 16:36

How to Make Your Sales Operations Faster and More Furious

by Alex Hisaka
  • too-fast-too-furious

Whether you love the Fast and the Furious movie franchises or treat them like a punchline, there’s one thing we can all agree on: These movies are a box-office goldmine.

Straightforward storytelling and diverse casting choices have been a big boon for the franchise. But everyone knows the true appeal of these movies is the non-stop action and adrenaline. Real life may not be quite as exciting, but there’s no reason you can’t use a little movie inspiration to turbocharge your sales operations. If you’re a sales leader looking to get more efficient, consider these four sales operations tips for improvement.

Diversify Your Sales Team

Just like the Fast and the Furious crew, diversity on your team is a crucial asset for efficient sales operations. Sales leaders should cultivate teams with a wide range of specialties, interests, backgrounds, and career goals. You don’t want all your team members attempting to solve a problem in the same way. The best results often come from combining a range of perspectives to consider sales strategy from many points of view.

To that end, sales leaders should seek out such diversity when making new hires to their teams. Additionally, personnel should be developed and managed in ways that allow them to build specialties and make unique contributions to the team. As long as everyone remains focused on the same goals, your operations are sure to benefit.

Document Roles and Responsibilities

Sales operations and sales enablement may be two different teams with their own respective goals, but the actions of one can affect the other. Coordination is key to creating efficient operations. The best way to do this is by documenting roles and responsibilities, which outlines the role each group plays, as well as any instances where these responsibilities may overlap.

Through this document, operations and enablement can each establish their own goals and KPIs, and communicate this to the other side of the sales divide. By adhering to the documented roles and responsibilities and using it to clarify inter-team communications, operations can better prioritize their resources and focus on meeting their most pressing responsibilities.

Resolve Turf Wars by Using Social Proximity

Typically, sales territories have been determined according to geographic proximity: Sales teams focus on nearby prospects. In recent years, however, sales teams have begun shifting toward social proximity as a tool for dividing up sales territories

Instead of using location, social proximity assigns salespeople to prospects based on their social closeness: How well they are connected, or how closely their social networks are aligned. By targeting prospects with team members owning the strongest personal connection, sales operations is able to leverage these relationships to conduct personalized outreach, which will boost conversion rates. LinkedIn can be a great resource when assigning by social proximity, letting sales teams view connections and degrees of familiarity for any professional contact.

Invest in the Right Gear

It’s as true for cars as it is for modern-day sales: The right tools and equipment can make all the difference. Today’s high-performing sales teams take advantage of social selling tools to streamline sales operations while creating new efficiencies. LinkedIn also offers valuable integrations with external sales solutions that help identify prospects, generate leads, and manage existing relationships while offering data-driven insights to improve your current strategy.

Sales leaders should always be on the lookout for new tools, platforms, and partnerships that can make their teams more productive and cost-effective. It’s fuel-economy for the sales world: Use less to go farther.

For more tips on improving sales operations, check out The Sales Rep’s Checklist.

26 Apr 16:31

Account-Based Marketing Worksheet: How to Map Content to Your B2B Buyer’s Journey

by Shauna Ward

Account-based marketing content mapping worksheet

For a lot of marketers today, it’s hard to remember a time before content became the calling card of B2B marketing.

We’ve heard over and over that “content is king.” That we need to create more content to drive inbound leads . . . but wait, not that much content. It’s quality over quantity, after all, and our audience has content fatigue.

All this content about content is a little overwhelming.

So of course, as a marketer, I decided to create some content about content about content (or something like that).

Let’s talk about content for account-based marketing. Now that B2B sales and marketing teams are banding together to do account-based marketing (ABM) and turn best-fit accounts into customers, the approach to content is shifting.

Content Marketing + Account-Based Marketing

While inbound marketing takes a content-first approach (“if you build it, they will come”), account-based marketing is different. Content is still crucial, but instead of using it to generate leads, ABM uses content as a way to engage accounts that you’ve already determined are a great fit for your solution.

I love the way Ann Gynn, an editor at the Content Marketing Institute, put it in a recent blog post:

“While content marketing follows a sequential or linear process (blog, offer, lead scoring on conversion, lead nurturing, hand-off to sales), ABM is lumpy. You target an account or a basket of accounts and pick and choose ways to engage them (a blog post, ungated content, personalized email, event, or dinner).”

Lumpy oatmeal account-based marketing

What do ABM and oatmeal have in common? They’re both lumpy.

As you transition your marketing strategy to focus on account-based engagement, you’ll need to approach content marketing differently.

That doesn’t mean you should dump all the good content you created for inbound, though. Instead, you need to take stock of all your resources — decks, blog posts, e-books, videos, and so on — and map each asset to a stage of the buyer’s journey.

Content Mapping Worksheet for the B2B Buyer’s Journey

Use the worksheet below as a jumping-off point to organize your content and make sure you’re not missing any key assets. If you are, you’ll need to create new content to fill in the gaps.

Note that if you’re doing one-to-one account-based marketing, you should fill this worksheet in for every single account you’re targeting. Click here to learn about the four approaches to ABM if you need help deciding whether one-to-one ABM is right for your business.

Content mapping for the buyers journey - account-based marketing

What About Content for Inbound Marketing?

Fear not! You don’t have to do away with your inbound marketing strategy in order to do ABM — especially if you’ve got high-converting content that helps close deals.

Instead, you should focus on vigilantly qualifying your inbound accounts, not your inbound leads. If a lead belongs to an account that fit your ideal customer profile (ICP), you can add their company to your list of target accounts and begin using ABM technology to expand your reach to other decision-makers.

After that, it’s up to your sales and marketing teams to work together to truly own that account’s journey through the buying cycle. Email drip campaigns and retargeting are not enough to surround everyone at each inbound account with the content they need. You should use tactics like account-based advertising, direct mail, and social selling to create awareness and distribute the right content at the right time.

Get More Account-Based Marketing Worksheets

Looking for more hands-on resources to help you actually do account-based marketing? Grab your copy of the Blueprint to Account-Based Marketing, a 62-page e-book full of tips for planning, executing, and measuring your ABM strategy. It includes a fillable version of the content mapping worksheet, plus additional worksheets you can use to succeed with ABM. Click the banner below to download the Blueprint now.