Posts Tagged ‘Marketing’

Filling The Sales Funnel

A prospect that I was meeting with recently was lamenting that his sales funnel is suffering from serious constriction issues. “My team is sending out the direct mail, making calls and responding to RFPs, just like everyone else. We don’t seem to be able to differentiate ourselves,” he said.

Brand differentiation is exactly what gives people permission to buy your services or goods with confidence. Aristotle said we are what we do. It’s no different for business.

Southwest Airlines is selling freedom and Walt Disney imagination.

According to Roy Spencer Jr., author of the recently published book It’s Not What You Sell, It’s What You Stand For, the success of these businesses is rooted in their clearly articulated purpose.

Does your business have a unique purpose or service? Or as Spencer asks, “would your customers mind if you ceased to exist?” What ever that uniqueness is, it better be clearly articulated in your new business presentations.

In the short term what can we do to fill the sales funnel and create a personal point of differentiation? I offer this simple suggestion that helps you, your customers and gives something to those organizations that need you the most. Volunteer.

Volunteering with organizations puts you in touch with a new network of influencers. Volunteering is the original form of social media. It has been around long before LinkedIn, Facebook, Twitter or any other social networking activities.

What volunteering does for you and your business is it creates a unique point of differentiation. It positions you in a totally different light. It is marketing 101. People buy from people, people they know. How many employees are in your organization, 2? 200? 2000? Imagine the networking potential if you started a workplace volunteer program. An article in the Minneapolis Business Journal on how to get a volunteer program started in your business is a great first step. Then fold your newfound network of contacts into your CRM program.

Aristotle was right. We are what we do. If we actively work to make our community better, it makes us better. It enriches us, our employees, our brands and quite likely our bottom line.

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Boomers – The Real Segment Of Choice

There are 77 million Baby Boomers ages 41 to 59 in the United States and they are leading a generational charge of demanding more information, accountability and environmental responsibility.

Whether you are marketing products or services to the Boomer market they, like Millennials, are accessible, have a strong social network and have a passion for social issues. Unlike Millennials, they generally hold senior positions and are in a financial position to support their personal and professional brands of choice.

When Vespa Motor Scooters came puttering back into the U.S., managers at the Italian company figured their biggest customers would be twenty-something’s looking for a cheap way to get around. But execs at parent company Piaggio noticed something odd as they scootered back and forth to their Manhattan offices: The most enthusiastic sidewalk gawkers were often Boomers who remembered the candy-colored bikes from their youth. It turns out that boomers have lost none of their affection for Vespa. Better yet, now they can afford to buy top-of-the-line models with all the trimmings.

LOOK THEM IN THE EYE
Companies have traditionally used twenty-something models with dewy skin to pitch products made for middle-aged women. The rise in Botox treatments and plastic surgery notwithstanding, many consumers experiencing their first liver spots and crow’s feet are actually comfortable in their skins and pleased to see people who look like them in ads. “As you become older, you’re clearer and more comfortable about who you are,” says Lori Bitter, partner at JWT Mature Market Group, part of J. Walter Thompson Worldwide. “It’s a reality of aging. We want the message at eye level. We may not want it sugar-coated.”

I’M NOT SET IN MY WAYS
Many marketers believe that consumers’ brand preferences are locked in by age 40. Today’s Boomer crowd is just as likely, and in some cases more likely, as everyone else to try different brands within a product category. According to Yankelovich Inc., 33% of consumers older than 50 agree that it’s “risky” to buy an unfamiliar brand. That’s less than the 36% of respondents aged 16 to 34 and only a little more than the 30% of people aged 35 to 49 who agree with that notion.

In some categories, older consumers are even more willing to brand-hop than younger ones. According to a survey by Leo J. Shapiro & Associates LLC for DSN Retailing Today, 48% of shopper’s aged 50 to 59 said they would probably switch brands of consumer electronics, compared with 40% of all respondents.

REACH BOOMERS WHERE THEY ARE
Smart businesses understand that the old media -print, radio, and television-won’t be enough to reach this market. To communicate with Boomers, your business will need to evaluate and choose among a wide variety of online and offline marketing methods.

Boomer media consumption parallels their younger brethren in that it is selective, interactive and highly targeted. Boomers account for one-quarter of US Internet users. Their numbers are growing at 7-8% each year, compared with 2-3% for overall Internet user growth, according to eMarketer.

Marketers will do well if they start with little things.

  • The point size of the communication. Aging eyes will spend more time with communication if they can read it without squinting.
  • Product claims need to be relevant, believable and verifiable. Offer links to your website to support your claim.
  • Boomers have an insatiable appetite for information. White papers, news briefs and relevant articles on lifestyle and business build interest and loyalty for your brand.

Take a close look at your collateral materials message, design and the authenticity of your offer. Then position it where Boomers live, work and play. You’ll find the results to be profitable and a customer that is loyal.

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SEO – Changing the Marketing Mix

At a recent conference on consumer generated media there were huddled groups of marketers lamenting the good old days of traditional media. While others were talking wildly about how web 2.0 is changing marketing methodolgies faster than imagined.

Digital marketing vehicles like Twitter, My Space, Linked In and You Tube created quite a buzz. The topics that generated the most discussion were Search Engine Optimization (SEO) and Search Engine Marketing (SEM).

In a recent marketing management survey by PR Week, 75% of the surveys 252 US chief marketing officers, VPs of marketing and marketing directors say they expect spending for new media and online initiatives to increase in the next year despite the tough economy. (Sixth annual PRWeek/MS&L Marketing Management Survey)

Search keywords SEO Articles and you will find 1,080,000 hits on the subject. Choosing the right approach is completely dependent on your business model. There are best practices that you can employ that will ensure that you are meeting the minimum standards for visibility.

SEO Best Practices Short List

  • The Plan – Get the plan in writing. Expect changes. The written plan provides the benchmarks for measurement. As we all know, what can be measured can be managed.
  • Keywords – It’s how people find you. It’s how search engines rate you. Use keywords or phrases based on your prospects keyword searches. This takes some reverse psychology and web analytic tools like Wordtracker.
  • Website Content – Often times called SEO writing. The content needs to reflect your keyword research. This is at the core of how search engines determine if you are a credible source.
  • Linking Strategy -  Make sure that your site has outbound links to respected websites in your industry. Link to an .edu or .org and the search analytics will give you extra points. Have those same sites link back to you and you’ll score a lot of points.
  • Articles & Blogs – Articles are considered to be more factual. Blogs have a personal appeal. Both have merit. Decide on an approach and get one or both on your site.

Optimization requires commitment and resources, financial and human. It requires monthly probing of key words, links and updating of content. The key is to develop a strategy that you can employ and then be relentless in the execution. Remember, out of sight means you’re out of mind.

I’ll look for you at the top of my next search.

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