5 Ways to Create All-Star Content for Your Brand

Baseball-summer

 

Ah summer…sunshine, green grass, fresh air, and of course BASEBALL! It’s America’s national pastime!

As marketers, you might be struggling to hit a home run in the slower summer months. Sales can lag in this quarter, as folks pack up their bags and the office and hit the road for summer vacations. Once you’re past the start-of-year, over tax season, and haven’t hit the holiday and end-of-year rush yet, you might be feeling the long lazy days of summer hitting your bottom line.

So what can we learn from the “boys of summer” to keep things fresh, and make sure you’re hitting home runs with your customers and not striking out. Keep batting a thousand and keep your customer experience out of the park.

1. Keep Content Current
Focus on current events, stay up on industry trends, keep tabs on your customers and know what’s going on. One game can rarely make or break a team in baseball (unless it’s the World Series), but cumulatively a series of losses add up. Stay up on what’s going on and don’t let a miss cause you a big loss.

Organize your customer data and track leads, sales, and points of contact regularly. Reach out to customers consistently with targeted communication. This might mean keeping your social media content fresh, regularly posting to your blog, and engaging with customers online. Respond to customer feedback, and keep your content relevant and up-to-date.

On the same note, if you’re hitting a slump when it comes to marketing ideas, focus on what’s going on in the world around you. With current events (Olympics, election, sports and trends) you can easily pick and choose content that touches on the pulse of what’s happening in the world.

While you should avoid sport-industry-level controversy, of course, mentioning current events helps customers realize you are timely and in the know (and can boost your SEO and trending topics).

2. Know Your Stats
They say baseball is a thinking man’s (or woman)’s game. It’s a game of statistics. Incremental returns and cumulative scores add up into a series of wins or losses. Your analytics are your own personal statistics. Many of us avoid our analytics because they can be intimidating, or even – well, let’s face it – boring. Learn to understand the story and you can find your stats to be just as riveting as any MLB All Star.

Your analytics reflect your customers’ experience. They can tell you what’s generating responses and what’s being ignored. Data paints for you the ways your customers are interacting with your content and reveals what searches lead them to you.

Watch for trends. Watch for marketing efforts that get clicks, shares and engagement, and keep going with similar content. Ask for customer feedback and keep your eye on satisfaction and customer happiness. Customer satisfaction matters in all industries, including baseball.

3. Save Your Closers for the Final Inning
When you’re in the bottom of the ninth and the bases are loaded, your entire team looks to the closing pitcher to make or break the game. In your business, when you’re at a make or break point, whom do you look to?

What member of your team is the closer? Not just in sales, but the team leaders who can rally and do what it takes to keep you on top of the game? Those people are your leaders. They are the employees who should be treated like gold.

Typically, your all-star team members are the ones on board with the company’s vision. They understand the big picture, and are in it for the best outcome for all, not just themselves. Find the employees you can rely on and who are loyal and honest. Keep those hardworking visionaries happy. Put them in the bullpen and bring them out when you need them to throw some strikes. Take care of them, and they’ll take care of you.

4. Know Your Competitor
When a visiting team comes to your stadium, you know their stats. You’ve studied the talent on their team, and pick your best players who can go head-to-head for the win. Know your competition just as well as you’d know the opposing team. Don’t keep your eyes focused on the dugout, worry about the game at hand, but know what your opposition brings to the table and plan accordingly.

Study industry news on your competitor’s successes and failures. Keep a handle on what they’re doing well, and what areas you excel at. Play on your strengths and learn from theirs. If your competition has great customer service, then it might be time to focus on building your customer experience. If your competition has great social media presence, then maybe it’s time to bolster your own.

At the same time, if you are known for your ability to deliver on a deadline, or your attentiveness to the individual customer, don’t scrimp on your strengths to compete with another company. Play up the things you do well, and work on the areas that need attention.

5. Rely on Your Fans
When it comes down to it, the things that make a baseball team truly great are the fans. Sticking it out through inning after inning, flying out of state for spring training, jotting down the stats in their notebooks as they sit in the stands with their baseball mitts. True fans are vital to the success of Major League baseball; just as much a part of the game as beer, hotdogs, peanuts and Cracker Jack.

Your customers should be your biggest fans. Loyal, repeat customers are your most valuable commodities. It takes years to build up a customer and seconds to lose one. Paying attention to the needs of your clients, being attentive and quick to address their concerns, and working hard to stay “on the ball” will keep you ahead of the game.

When summer is over and the season has ended, applying these lessons from America’s favorite sport can help you hit home runs in your industry all year long.


At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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How Pipelines Help SMBs Leap Hurdles Like an Olympian

Olympic-pipelines

 

Every sport has an element of chance that’s impossible to predict. Outdoor games take place regardless of weather conditions, injuries are always a possibility, and many other factors could enter the playing field and swing the odds toward a given team. That’s why professional athletes train to deliver their best performances in any situation. There’s simply too much at stake to leave variables to chance – and for every pro sales team member, the same level of training, dedication and focus pays off.

When you nurture sales prospects through your company’s pipeline, planning in advance will help maintain a lead on your competition. Below are three ways to take a cue from the Olympics, up your sales training schedule and go the extra mile for your customers.

1. Know the course by heart.

When members of the U.S. Olympic track and field team take their starting positions in Rio’s first races, they’ll have memorized the course – twists, hurdles and all. Think of a sales pipeline as a racetrack. By outlining stages and milestones in a new customer’s journey and planning how you’ll benchmark progress, your team will be prepared to track new leads, assign activities, manage workflows and break records.

2. Connect with your audience.

According to McKinsey, 70 percent of buying experiences are affected by how customers feel they’re treated. Just like an athlete winning over new fans, make your customers feel special by connecting at every stage of the pipeline. Whether you’re capturing leads from your website, assigning them to sales team colleagues, converting them into customers or following up with reporting, invoicing and payment, establish a one-on-one relationship that wins over the customer’s loyalty.

3. Simplify the pipeline for your customers.

There’s a reason you’ll see nonstop Olympics coverage on nearly every media and social channel this summer. If following the 2016 Games required too much end-user investment, the Olympics would likely lose viewers and fans. The sales process is no different: when companies centralize prospect information, pipeline status and marketing efforts in one place, it makes being a customer feel like a breeze.

A customer relationship management (CRM) tool can be the unifying force your sales team needs to achieve its goals. Using a CRM to track and organize data as it moves through the sales funnel – and prospect information as leads turn into customers – ensures that every member of your sales team has access to assigned tasks, scheduled events and critical milestones. That level of organization can be a game-changer for a company of any size, but for a small business, CRM can be the difference between placing in the Olympic qualifying trials and bringing home the gold. That’s why Luke Freiler, CEO of Centercode calls his CRM solution a “strategic asset” and its results for the company’s sales pipeline “invaluable,” and why AR&L Managing Director Alex Rhodes notes that her company’s client base increased by 200 percent when it began using a CRM.

Start creating sales opportunities with your pipeline today.


At Insightly, we offer a CRM used by small and mid-sized businesses from a variety of verticals. Learn about Insightly’s features and plans on our pricing page or sign up for a free trial.

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How To Get Your Salespeople To Use Your CRM System

Get-Sales-Buy-In

 

A few years ago, we suffered a horrible customer relationship management (CRM) failure.

The project involved an international distributor based in Pennsylvania with about 50 sales reps around the world.  Every week the sales reps sent in their Activity Reports in all sorts of different formats – spreadsheets, word docs, scrap pieces of paper, telegrams, notes tied to carrier pigeons – to an administrator who then spent a day consolidating all the information into a single report for the VP of Sales to review. The VP of Sales, tired of the effort, decided to invest in a CRM system.  He hired us to do this.  And so we did.

We setup a great CRM system for the company.  We configured screens and put in a process for entering data.  We trained the sales group both in-person at their annual meeting and then online.  We worked hard to put in place the best CRM system a company could buy.  And it was awesome.  Except for one thing.  No one used it.

Well, not exactly no one.  Let’s say about a third of the sales reps didn’t use it.  There were lots of reasons given.   “The forms are too cumbersome,” one said.  “The process is too slow,” another complained.  “I prefer my spreadsheet,” a few others said.  So what happened?  They went back to doing things the old way.  And, worse, the VP of Sales let them. When a third of the people in a workgroup don’t use a workgroup system then the system fails.  The company’s CRM system failed.  We failed.  So what did I learn?  Three things.

Treat each sales rep individually. 

I have met plenty of sales reps that can sell snow to an Eskimo in January but aren’t very good with software.  Fair enough.  But software and databases are necessary tools for salespeople today.  I failed to come up with a compromise for each salesperson individually. At the international distributor, like most companies, a third of the sales people needed extra hand-holding.  We should’ve known about these people in advance and had a plan to help them individually understand the system.  An internal support person should have been assigned to these salespeople to monitor and answer any questions so they didn’t feel like they were alone in the woods (or in Germany or Japan, or wherever their office happened to be). Each person is different – some may prefer a mobile app, others to do data entry on a desktop.  A few may want to just call in their appointments to an admin for updating over the phone.  It’s all good as long as we get the data into the system. For a CRM system to be successful, each sales rep has to be treated as a customer.  We never asked ourselves what could we do to minimize their data entry time so that management can get the data they need to run the business?

Keep it simple. 

We had way too many fields and way too much information that we asked the sales reps to submit.  Sure, it was all useful data. But it wasn’t critical.  And much of it wasn’t used on the Activity Reports, which were the primary driver for the system in the first place.  The salespeople became frustrated with all they were asked to do.  And when they failed to do all the data entry there weren’t any repercussions because no one was really checking.  We should have minimized the data required and only asked the salespeople to complete only what was needed for the VP of Sales to get his weekly Activity Report.  Once that objective was realized it may have been time to consider more data.  But not all at the beginning.  It was too much to ask, particularly of a group of people who have never done this before.

Finally, man up.

We should’ve been tougher with the boss.  Yeah, the VP of Sales.  It was his system.  And he knew how valuable it could be.  We needed to make sure that he was committed and ready to weather whatever grumblings he received from the sales group.  For a CRM system to work everyone must understand that the database is not about them.  It’s about the company.  Sure, we want it to help sales people be more productive and close more deals.  But the data is what’s important and the executives who succeed with their CRM systems man up and hold firm.   We should never have let our client cave in to his sales reps’ complaints and re-accept those Activity Reports the old way.  He should’ve said “if it’s not in the CRM, then it doesn’t exist and you and I have a problem.”  He should’ve offered whatever resources to address his sales reps’ questions so they could get with the program.  But he didn’t.  And we let him. And the system broke down.

We made mistakes.  But we’ve learned. CRM systems don’t save time.  At least, not at first.  Activities, notes, conversations and emails need to be entered into the database.  We now know that this is not something that many sales reps are used to.  But over time, the data provides great insight into opportunities and the better management of resources.  If we had understood this better our client would today have a great system for all their sales reps.  Instead, it’s just a glorified rolodex, at best.


At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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Gene_Marksx160About the Author: About the Author: Gene Marks is a small business owner, technology expert, author and columnist. He writes regularly for leading US media outlets such as The Washington Post, Forbes, Inc. Magazine and Entrepreneur. He has authored five books on business management and appears regularly on Fox News, Fox Business, MSNBC and CNBC. Gene runs a ten-person CRM and technology consulting firm outside of Philadelphia. Learn more at genemarks.com

Are You Managing Your Sales Team Efficiently?

 Earnings

Whether you’re in sales, marketing, or administration, when arrive at work in the morning chances are you’ve got a long list of “to do’s” for the day. Unfortunately that list sometimes resides solely inside your mind, leaving other people in the dark when it comes to accessing important information. In fact, 44% of sales executives think their organization is ineffective at managing the sales pipeline, yet companies with effective pipeline management grow 15% faster (Vantage Point Performance).

Lead by example with specifics

Manually assigning leads is a tedious administrative process which takes time away from other more important tasks which will actually grow a business. And, manual processes are always subject to errors. So, manually assigned leads will likely be mis-assigned, not assigned at all, or assigned when the lead has already gone cold.

With Insightly you can build out and maximize an efficient workflow by creating lead-flow processes that are both logical and repeatable. If your sales team is generating solid leads, for example, you can use Insightly to help qualify their potential. Likewise, if you’re collecting prospect information through a web form, you can flow that information right into Insightly using the Leads tab.

We’ve recently added a new feature to lead management with the release of Lead assignment rules. Lead assignment rules automate the process of assigning leads as they are added to Insightly. If you’re a sales manager, this makes it faster and easier to distribute leads evenly or according to specific criteria, including:

  • Geographic area, by selecting fields like Postal Code, State/Province, or City.
  • Number of employees, by selecting the Employee Count field.
  • Your own custom fields that you’ve set up in Insightly.
  • Round robin, by selecting a team or multiple individuals to receive leads on a rotating basis.

By automating the lead assignment process, your sales reps stay informed in real time which helps them to more accurately schedule their daily sales activities.

To create a more comprehensive picture, Insightly Lead Forms are now also supported by custom fields.  Custom fields give you the flexibility to create fields for non-standard information such as billing ID numbers, birth dates, contract renewal dates, project types, and referral information.

 Meet in the middle
When used correctly, one of the many benefits of a CRM solution like Insightly is that it takes the burden off of your brain by minding the details for you. You have to meet in the middle, however, by taking the time to input information consistently. If you remain consistent, at the end of a busy day, you can stop worrying about the “herding cats” aspect of managing your team’s activities, knowing that you’ve got the end-to-end support you need to take a hot lead and turn it into a sale.

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about Insightly’s features and plans on our pricing page or sign up for a free trial.

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The 8 Greatest Salespeople Ever (And What You Can Learn from Them About Sales)

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Theories and strategies about sales and selling are legion. Thousands of seminars have been hosted and even more books have been written, each promising to outline the secrets of turning a prospect into a customer. But talk is cheap, and top salespeople would surely tell you that it’s ultimately the sales that speak for themselves.

Who really knows the true secrets of sales? We scoured the past and present to find the eight greatest salespeople ever – all of whom have a legacy of success and distinct lessons to offer those who want to emulate them.

John H. Patterson, National Cash Register Company
1844-1922

John Patterson was one of the original icons of modern salesmanship. To hawk NCR cash registers in the late 1800s, he devised a strategy that has become known as the “Patterson method.” One of the key elements of the method was the intricate scripting of the sales process. Patterson sat down and wrote out what salespeople should say to their prospects. He anticipated objections, and wrote down the responses to those, too. This wasn’t a new idea, but Patterson’s “Primer” was extensive enough to be codified into a 16-page book, slicing the sales process into four steps (approach, proposition, demonstration, and close), all the while positioning NCR as a helpful ally whose goal was to help its customers succeed. (The register itself was not to be mentioned at all in the approach.)

The guidance within remains essential and compelling even today, from avoiding hard-sell tactics to learning how to overcome objections to high prices. Who among us has not been on one side of Patterson’s classic technique: “After you have made your proposition clear … do not ask for an order, take for granted that he will buy. Say to him ‘Mr. Blank, what color shall I make it?’ or ‘How soon do you want delivery?’ Take out your order blank, fill it out, and handing him your pen say, ‘Just sign where I have made the cross.’”

Patterson was also an early advocate for other essentials of the sales universe, including strong after-sales service and support to keep customers happy. He also pioneered formal training for salespeople and possibly even invented the concept of retreats. History is mute, however, on whether he was a proponent of the “trust fall.”

David Ogilvy, Ogilvy & Mather
1911-1999

The “Father of Advertising,” David Ogilvy, had a job before he became the dad to an industry. He was, of course, a salesman, and an incredibly good one by all measures. Namely, he sold cooking stoves, door to door, across his ancestral homeland of Scotland. He was so good at it that the head of the company asked him to codify his methods in a book, which was ultimately christened with the catchy title, The Theory and Practice of Selling the AGA Cooker. You can still read the full text online; fans say that 80 years later it is still “the best sales manual ever written.”

For Ogilvy, selling was a numbers game. “The more prospects you talk to, the more sales you expose yourself to, the more orders you will get.” He backed that up with an approach that emphasized quality salesmanship, which required “energy, time, and knowledge of the product.” He eschewed artifice and preferred a straightforward approach to sales and stressed knowing as much about your customer as much as you did about the product you were selling: “Learn to recognize vegetarians on sight. It is painful indeed to gush over roasting and grilling to a drooping face which has not enjoyed the pleasures of a beefsteak for years.”

Ogilvy also had a strong focus on the art conversation. It doesn’t matter what you talk about during the sales process, Ogilvy teaches us, as long as you’re talking about something; the act of chatting itself breaks down barriers to sales. “Wise-cracking” was key, he wrote: “If you can’t make a lady laugh, you certainly can’t make her buy.”

Mary Kay Ash, Mary Kay Cosmetics
1918-2001

Mary Kay’s eponymous cosmetics company remains an icon of the direct sales model, but Mary Kay Ash didn’t just leap into the business without training. As an employee, she sold books and other products door to door for decades, grinding her way up the ladder until she abruptly quit after being passed over for promotion by, of course, a man.

Her ensuing anger was supposed to become the original Lean In, a handbook for women to succeed in the tough, male-driven world of business in the 1960s. Instead it became a business plan for Mary Kay Cosmetics.

Unabashedly pro-woman, Mary Kay’s lavish incentives to top saleswomen, namely in the form of pink Cadillacs, have become downright legendary. “Praising people to success” was one of her primary slogans as a manager, and “she constantly encouraged both the corporate staff and the independent sales force to act as if each person they met was wearing a sign around his or her neck that read ‘Make me feel important.’”

Dale Carnegie, speaker
1888-1955

Like many of the other names on this list, renowned salesman Dale Carnegie also got his start as a rank-and-file salesman, hawking everything from lard to correspondence courses for ranchers in his home state of Missouri. But Carnegie’s dreams involved something grander, which led him to pack up for the big city, where he took acting classes in New York in the hopes of striking it big on the stage. Acting didn’t work out for Carnegie, which led the then-penniless man to public speaking. Within a few years he was lecturing to audiences of thousands who wanted to learn how to master their own fears of speaking in public.

Carnegie’s seminal book, How to Win Friends and Influence People, came along 20 years into this second career, and his Dale Carnegie Course – now over 100 years old – has been completed by more than 8 million people. Widely relied upon in the sales universe, Carnegie’s primary lessons involve building up the confidence of the speaker or salesperson and developing interpersonal and communication skills in order to make them more effective at their job. In 2011, the book was updated for the “digital age,” where “winning friends” has become a much different game.

Steve Jobs, Apple Computer
1955-2011

The beloved but irascible founder of Apple was never a salesperson in the traditional, door-to-door sense, but his achievements as a non-traditional salesman are largely responsible for the massive success that Apple has ultimately become.

It would take over two decades – and Jobs being both forced out and rehired by the company he founded – for the CEO to strike upon the primary characteristic that ultimately drove Apple’s success in the early 2000s: Secrecy. By playing his cards extremely close to the vest and refusing to offer any hints about upcoming products to the media or the public, Apple became the subject of nonstop gossip and speculation among high-tech types. New products were (and still are) announced not via a press release but in an auditorium packed with reporters, often with an A-list musician waiting in the wings to close the show. Jobs understood the value of showmanship and hype, and even when Apple’s release du jour wasn’t all that exciting, he knew the company would dominate the news cycle for at least a week around the time of the announcement, drowning out all other news from the industry.

Today, Apple’s secrecy strategy is widely copied in Silicon Valley, though no one has yet managed to beat Apple at its own game. The key takeaway remains an essential one: Let your fans and the media do the hard work of selling your products for you.

Joe Girard, car salesman
1928-

Google “best salesman ever” and one name will show up more than any other: Joe Girard. While hardly a household name like some of the above, Girard undoubtedly deserves his share of the title – and even the Guinness Book of World Records agrees. For the uninitiated, Girard spent 14 years selling cars, and during that time he moved over 13,000 Chevys off of his car lot in Eastpointe, Michigan. Girard’s best month included 174 cars sold.

Girard credits his success with inspiration he found at a Catholic funeral, where he estimated about 250 people were in attendance – 250 people who were close enough to the deceased to pay their respects. Girard figured that this number had some significance in business, too. Do something great for one customer and you’re likely to reach about 250 of their friends, all potential customers. Turn them off, and you stand to lose 250 potential sales. Asking for referrals and earning positive word of mouth became Girard’s religion. He made personal calls to check up on how newly purchased cars were running, maintained detailed personal information about them (proto-CRM in action), and sent monthly greeting cards – devoid of any sales pitch – to everyone on his list. Eventually he knew they’d need a new car… and if not, well, they probably knew someone who did.

Ron Popeil, Ronco
1935-

The father of the infomercial, Popeil and his products are household names for millions of people who grew up dining on veggies sliced with the Chop-O-Matic and chickens cooked in the Showtime Rotisserie. But even if you didn’t own one of Ronco’s wacky kitchen inventions (like the infamous Inside-the-Shell Electric Egg Scrambler) you still knew about the man and his products.

That’s because Popeil’s lengthy, late-night television commercials doubled as more than just effective demonstrations of his products (which were always so impactful that they seemed too good to be true). They were also entertainment, and even if you had no intention of buying an Indoor Smokeless Grill or a Turbo Food Dehydrator, you knew it’d probably be more fun to watch the commercial than whatever else was on TV at the time.

But wait, there’s more! Today, the infomercial has become a crucial sales tool for thousands of products that need to be seen to be understood, and the format ultimately led to the launch of 24-hour retail TV networks like QVC. But Popeil credits more than TV for the runaway success that has earned Ronco an estimated billion dollars in profits. For him, it’s all about passion, saying: “If you have that passion, it is conveyed through marketing. People see it. I get up before them and show them something new and wonderful. When I create something, I believe in it, and I am very passionate about it.”

Donald Trump, The Trump Organization
1946-

Say what you want about The Donald – you won’t be the first one to do so – the man is arguably the most effective salesperson living today. Consider the range of businesses Trump has managed to get people to buy into: Wine. Vodka. Coffee. Chocolate. Golf courses. Restaurants. Energy drinks. Mortgages. Steaks. Casinos. Cologne… nearly all of which have simply been called “Trump.”

The billionaire has done all of this through unconventional tactics that fly in the face of much of the above. While old-school salesmen have praised the art of empathy and understanding your customer, Trump has made salesmanship all about Trump. Claims of his products’ superiority are outrageous to the point of preposterousness – and yet Trump seems to believe them so fully that his prospects do too. Any competition is immediately dismissed as a joke at best, as actively harmful to the customer at worst. And all of this is communicated in a bubble of opulence. Trump’s dress and manner connotes glamor and success, the idea being that his customers can aspire to the same level of greatness if only they buy what he’s selling.

At present, of course, Trump has embarked on his most ambitious sales project ever: To become President of the United States. At press time, he already had over 13 million people lined up to buy. Now that’s a sales job.

 

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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About the Author: Christopher Null is an award-winning business and technology journalist. His work frequently appears on Wired, PC World, and TechBeacon. Follow him on Twitter @christophernull.

How to Completely Blow a Sale

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Much has been written about the best practices involved with selling your products. Less has been said about what not to do – about the biggest and most disastrous mistakes you can make during the selling process to completely blow the deal. Not that salespeople haven’t figured them out through trial and error. Says William Bauer, managing director of Royce Leather, “I used to talk about my products before I understood the needs or problems my customer had, which was essentially like shooting at a target with your eyes closed and not knowing where the target is.”

For this blog post, we wanted to get specific and figure out exactly where the sales process went wrong. As such, we spoke to a number of lifelong salespeople to find out their biggest and most damaging selling mistakes. Want to make sure you miss out on a sale? Try one of these tactics. But hey, look at the silver lining: At least you’ll get to go home early.

Sell Anything to Anyone

Want to quickly see your sales failures pile up? Don’t worry about finding the right product and matching it to the right customer. Simply try to sell everything you can to anyone who will listen.

When I started PetInsuranceQuotes.com we were focused on selling anything to anyone,” says Nick Braun, the company’s founder and CEO.Rookie mistake. For the first two years we were chasing any pet owner who was interested in pet insurance. I suppose we thought we could sell the product to anyone and spent a lot of time, money, and other resources trying to convert every visitor to our website. We realized, after a lot of pain and suffering, that we needed to focus on pet owners who actually wanted the services we were offering.

Braun says the business’s selling efforts didn’t start working until “we stopped wasting time on tire-kickers and started focusing more on serious buyers. We started to invest our resources into the most likely buyers and doubling-down on our existing customers.

Selling, says Braun, comes down to following “the path of least resistance.” Don’t try to force a product into a market where it doesn’t work, and vice versa. “Invest in the people who want your service and filter out those who aren’t serous about buying. It’s simply not worth spending your time on people who will never buy. Focus on those who want to buy but need help getting over their legitimate objections.

Set Prices Based Only on the Competition

Setting prices is a complex problem that can take into account dozens of variables ranging from raw materials costs to seasonal market conditions. Or you can just prepare for a disaster by following the footsteps of RankTracer Enterprise’s David Mercer. Mercer says he simply cut prices to quickly and crudely beat the competition to a sale.

The biggest mistake we made was lowering our prices in response to the pricing structure of new competitors,” says Mercer. “They burst onto the scene with lower costs, and we responded by lowering our costs. It was a huge mistake because we upset many loyal customers who had been paying higher prices and, as it turns out, people weren’t unhappy with our pricing in the first place. We were seen as good value despite being priced higher. Lowering our costs on a whim, without any real pressure to, actually eroded our value offering.

It’s an old lesson, but understanding your cost and pricing model and truly understanding what your worth is key in both product and service businesses. Any changes to that model should only be undertaken after they’ve received serious consideration and after other alternatives have been rejected. “Being competitive based purely on price is not a fun game and, more often than not, it’s not one you have to play,” says Mercer.

Wing It

Mike Veny is a speaker who uses drumming in corporate team-building and workshop environments to offer something a little different than the usual routine of trust falls and ropes courses. As a percussionist, it’s safe to say that Veny knows a little something about improvisation. But while impromptu jamming may work on the bongos, in a sales situation it’s a first step toward failure.

“Not being prepared to address objections not only lost me sales, but lost me relationships,” says Veny. In the past, if someone had a price objection about hiring me, I would become anxious, desperate, and say anything that I could in hopes of making the sale. This never ended well because I came off as a desperate, and it either turned leads off completely or they hired me at a reduced price. This is strikingly common in service businesses where direct costs are relatively small, leading many to feel that a price cuts may be worth it, since the alternative is essentially making nothing at all.

That’s usually wrong-headed and can lead to long-term damage to a business. So Veny did what any savvy sales professional does and itemized the most common objections he faced, and then developed scripts on how to overcome them. Committing these scripts to memory keeps him on his toes and makes him come off as far more professional — and, he says, has led to a “huge increase in sales.”

Wait Until the Last Possible Moment

Procrastination is rampant throughout many businesses, and if you really want to fail at selling, make it a core value of your sales organization.

Ryan Hulland, president of flooring provider Netfloor USA, relates a sales story that came about during an RFP preparation. “We had a large bid coming up, and it was due at a very specific time of day. We had just implemented new security measures, including new password protection on our computers. Well, the new security worked a little too well. I couldn’t remember the new password, and had no way to access my proposal.

Hulland had to submit the proposal based on an older draft with details like pricing hastily scribbled in with a pen. Locked out of his computer, he couldn’t even email the proposal to the prospect but rather had to fax it to them, hardly the height of professionalism in today’s digital world. Miraculously, Hulland won the bid – even though the client had to hunt down its own fax machine to be able to accept it.

Delay can be a useful negotiating tactic to avoid appearing over-eager, but it can be a dangerous game if you play it too aggressively (or through simple carelessness). Hungrier competitors can beat you to the punch – particularly if they position timeliness and quick responsiveness as a competitive advantage – and lock you out of sales before you ever get a chance to present your position. In any event, whether or not you want to delay before you submit a bid or other proposal, the key is to be prepared for contingencies and be ready to present or discuss your proposal well in advance of any deadlines.

Don’t Sweat the Details

One killer way to lose the sale every time: Make sure every customer knows he or she isn’t special but rather just another dollar in your coffers.

AJ Saleem, owner and academic director for Suprex Private Tutoring, says his biggest mistake is an all-too-common one: “I sent a discount that I meant for another person to a prospective client. I had originally created that discount because I wanted to give it to a well networked person to refer additional customers. In the end, I was forced to give the new client a discount that cost me around 100 dollars.

Getting the little things right isn’t hard, but it does take time and conscientiousness. Making mistakes on simple details can cost you revenue — or, at worst, cost you the customer.

Make Broad Assumptions About Your Customer

As a corollary to the previous tip, another surefire way to annoy, offend, or otherwise run your customer off is to assume they are something that they are not. This can often be the result of a well-meaning but misguided attempt to be friendly.

Derek Nadon is sales manager for Dupray, which sells steam cleaning equipment. “Once upon a time,” he says, “I spent a forty-minute phone call thinking that ‘Charlie’ was a man. Charlie had a very deep and raspy voice. Charlie ended up being a woman. She was pretty annoyed that I wasn’t able to differentiate between the genders, and actually got pretty upset about. What did I learn? Do way more research on your potential clients. Figure out the five W’s: who, what, where, why, and when.” Most all, it would seem: who.

Richard Swartz, president of fur retailer Mano Swartz, offers a similar take on this theme. “I was 25 years old and very green as a salesperson,” he says. “I sold a coat to man in his 60s who came into our store with a young woman who was in her late 20s. When I wrote up the sale I said to the man, ‘Your wife is going to love it.’ He looked me in the eyes and said, ‘Son, if my wife finds out, you are a dead man.’

I learned never to assume anything when selling and, certainly, to keep your mouth shut.

 

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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About the Author: Christopher Null is an award-winning business and technology journalist. His work frequently appears on Wired, PC World, and TechBeacon. Follow him on Twitter @christophernull.

Got Leads? 5 Tips to Improve Lead Gen and Management

Lead-Gen

In a perfect world, your ideal customer would come directly to you knowing exactly what he needs and ready to purchase. However, this is rarely how it goes down. Instead, businesses must cultivate and nurture leads to the point of purchase. For many small businesses, there’s often no concrete process in place for attracting and managing leads, which can lead to lost opportunity and a less than ideal customer experience. In order to find and close the deal with customers, your team needs to have a streamlined process for bringing leads through the pipeline. Thankfully, there have been plenty of technology advancements over the years that make this easier than ever. Here are 5 tips to improve lead generation and management.

  1. Know your ideal customer

What problems does he face? What is he most interested in? On what channels does he prefer to be communicated? This will help you to create the most compelling content delivered in the most ideal manner, which will increase the chances that he will pay attention to you and what you’re selling. Segment your customers into profiles – there will be different buyer personas, all requiring a different approach.

  1. Create the right content

To attract attention and educate your prospects, you’ll need to create a portfolio of content – blogs, webinars, e-books, SlideShares. This is your shot to control how your company and products are positioned and hype up all the ways in which you can help alleviate the challenges your customer is facing. Even more compelling is that 54 percent more leads are generated by inbound tactics versus paid marketing. This can save companies an average of $20,000 per year.

  1. Build the relationship

Now that you’ve hooked your prospect with compelling content, it’s time to nurture that lead in order to bring him to the next step in the buyer journey. If he’s not ready at that moment, back off and make a note in your customer relationship management (CRM) tool to circle back at a later date. According to Smart Insights, marketing leads convert less than those that have been nurtured over time; so think about your personalized communication strategy throughout the sales funnel rather than one-off campaigns. Seventy-five percent of leads are not ready to buy! Another smart way to stay top of mind during a situation like this is to share relevant content without the expectation of a sale. It’s all about educating and building a rapport.

  1. Get feedback

This is a step that a lot of organizations miss. Whether you closed or lost the deal, you should always try to get feedback. If you couldn’t close, what happened? Where was the breakdown? Adversely, what did you do right that brought him to purchase? This information is key in order to improve your process and identify the winning approach.

Businesses can’t survive without leads and loyal customers. By following these tips, your organization is more likely to generate and convert leads more efficiently.

 

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about Insightly’s features and plans on our pricing page or sign up for a free trial.

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How to Master the Elevator Pitch

Elevator

 

Science doesn’t lie: You only have seven seconds to make a first impression, at which point the person opposite you has already decided whether or not you’re worthy of further attention.

In a sales setting, the stakes are high, and chances are a prospect will decide whether or not to continue exploring a relationship with your company in less than a minute. That puts a lot of pressure on you to develop a perfectly-honed “elevator pitch” that can engage and excite a potential customer in virtually no time at all.

It would take a lot longer than an elevator ride to comb through all of the good advice on crafting your elevator pitch, so let’s boil it down to the essentials. I talked to a number of experts who’ve spent time in the trenches – er, the elevators – to get their wisdom on how to pitch your idea quickly and clearly. Here’s the inside line on the very best advice you’ll find on the topic.

Start Strong

With every word you speak, you increase the possibility of losing your prospect. Start with your absolute strongest and clearest message points up front. In most cases, you have one sentence to sway the balance for or against you. “Your opening line will mostly determine your success,” says Steve Hatmaker, Jr., who does digital marketing for Seismic Audio. “Snag your listener’s interest and make them want more.”

Get Super Specific

Brilliant Growth website consultant Alexandra Velez has gotten the pitch down to a science. “Every 130 words equals a minute, so a 15 second pitch is about 30 words. Choose wisely!” she says. Every word is critical, and one of the best word choices, she adds, is to use numbers or quantities to add weight to your pitch. Consider “We reduce pain” vs. “We reduce joint pain by 50 percent in three weeks.” Quantifying your pitch gives it gravity and demands it be taken more seriously. “There’s a tendency to be company oriented rather than customer oriented in pitches,” she adds, so remember to speak primarily to your prospect’s likely paint points, not necessarily your service or product offerings.

Eject the Jargon

“One very simple key to mastering the pitch is to eliminate all industry jargon,” says financial advisor Pedro Silva. “Words like ‘leverage,’ ‘negotiate,’ ‘manage aspects of,’ and so on come across as pompous. Picture asking a pilot what he does for a living and hearing, ‘I negotiate thrust and acceleration to provide lift sufficient to transport goods to new and existing markets.’ Sounds fancy, but, at the end of the day, you’re a pilot.” Your time-crunched audience does not have time to do the mental gymnastics required to figure out what paradigm you’re shifting. Use simple language to keep your message crystal clear and accessible.

Minimize to an Extreme

With your core message finalized, it’s time to pare it down to the absolute minimum length you can. Ovation Communications president Kerri Garbis says to use what she calls the Tweet Test: “If you can’t distill what your company does or product is into 140 characters, you might not be so clear on the message yourself. Remember – people can, and hopefully will, ask you follow-up questions. There’s no need to include every detail about your company in your pitch.” The sentiment is extremely common. Remember what Richard Branson has said: “If it can’t fit on the back of an envelope, it’s rubbish.”

End on a Question

Green Vine Marketing founder Shane Robert offers an interesting strategy: End your pitch on an engaging question. “You can never sell your product or service in 15 seconds,” he says, “so don’t try. Instead, structure your 15 second elevator pitch for a sale that you can close: another 30 seconds of conversation. The easiest trick for doing this is turning the spotlight back on them with a relevant, engaging question, which feels like a conversation, putting your prospect at ease.” Remember: Most people would rather talk than listen.

Pitch for the Long Term

Be honest: As Robert notes, you aren’t going to close your deal on that elevator ride. What you want is a business card, a phone number, or another type of invitation to keep talking. “People think they only have 15 seconds to give an elevator pitch. Engagement is the great equalizer. If your prospect is engaged, the pitch can go on for as long both parties’ schedules permit. So how do you be engaging? My greatest successes have only come when I was actually passionate about what I was pitching,” says online video producer Edward Sturm.

Practice, Practice, Practice

The beauty of the elevator pitch is that you never know when the opportunity to pitch your business will strike. Always be prepared to deliver your message at any time by practicing relentlessly – either in a mirror or on video. Bonus tip: Have a co-worker or spouse surprise you with a “Pitch me!” prompt at random times to test your readiness.

 

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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About the Author: Christopher Null is an award-winning business and technology journalist. His work frequently appears on Wired, PC World, and TechBeacon. Follow him on Twitter @christophernull.

Get CRM, Close More Sales–Here’s How…

Sales-Rocket
Image courtesy of shutterstock.com

It sounds great on the surface. You have a new tool in your business to help your sales team inch the needle forward and grow your business. But how does it all work? How do these features translate into real dollars and cents?

Insightly is one of the easiest small business CRMs to use. It’s also one of the most robust. There are many features that will help you close more sales and help your company profit. Here are eight of the best ways to get more out of your CRM and see the profits roll in.

  1. Become a Magnet for New Leads

Leads are the catalyst to new business. Without them, your sales will flop. Still, in today’s digital age, it’s hard to know when someone is looking at your website. How do you reach them? How can you capture every lead landing on your website so you never miss an opportunity?

The answer is found in Insightly’s web to lead and web to contact form.

This unique feature of your CRM creates an attractive form to put on your website. When a customer fills it out, your CRM automatically collects all the pertinent information. All that’s left for you to do is determine if the lead is qualified and decide how you can convert this prospect into a sale.

  1. Move Leads Through Your Sales Funnel With Finesse

It takes finesse to turn a hot lead into a sale. You want to make it looks seamless as the lead inches through your sales funnel toward signing a final deal with your business.

Insightly makes this process effortless for your team. From defining the value of the new business to setting up the necessary activity sets, your team can take full advantage of incoming sales opportunities.

  1. Retain High Paying Customers

Congratulations! You signed a new customer. Now you can kick up your heels and celebrate, right? Not so fast.

Consider the signed contract the sound of the gun at the starting line of a race. You can’t sit at the starting line and not attempt to make it around the track. You still need to run the race and sail through the finish line to win.

Much of the sales process happens after the contract is signed. Customers are spending good money with your business and they want to feel important. It costs five times more to acquire a new customer than it does to retain a current customer, so retention is vital.

Nothing helps retain high paying customers better than a strong relationship. Use your online customer relationship management tool to build the connection. Create a communication plan and have an account manager follow up with customers regularly. The more you reach out, the faster you can address any misunderstandings, nipping a potentially harmful situation in the bud.

More importantly, reaching out to check in with your customers shows you care. This isn’t something customers are used to these days. The more you communicate, the more your customers will feel appreciated and respected.

  1. Beat Expectations

Regular communication and outreach is great. Still, one of the fundamental ways you can retain your current customers is by exceeding expectations.

When your customer starts working with your business, he or she is expecting a certain deliverable, wants a seamless experience and wants to be impressed by whatoffer.. If you don’t that customer will go to the competition. If wowed by what you had to offer, he or she will become loyal to your company for the long haul.

Gather customer feedback in Insightly and use it to continue improving your product or service. Pay close attention with a goal of learning how you can exceed expectations.

Beating expectations can also lead to more sales. When a customer has a lukewarm response to what you deliverthey move on without thinking much about your business. But, when impressed by what you have to offer, that customer is more likely to tell a network of friends and spread the word about what you did.

  1. Dig Deeper Into Your Customer’s Life

People’s lives are more public than ever these days. Profiles on social networks expose the details a person is the most proud to show off. Tapping into these profiles is customer relationship gold.

With Insightly, you’re able to use your contact’s email address to detect every social media profile related to that person. See what your customers are tweeting. See what they’re posting on LinkedIn. Watch their Facebook newsfeeds to see what they find funny, interesting or infuriating.

By keeping a steady pulse on your customers’ public social chatter, you continue to strengthen the relationship and loyalty. When it comes time for your customer to renew with your business, you can bet you’ll win the contract without much effort because you’ve already built such a strong connection.

  1. Always Be Prepared

Sometimes, meetings happen when you least expect them to. You run into a customer at a coffee shop and need to show you’re tuned in to his world. What do you do?

Insightly’s mobile CRM is a lifesaver in these situations. Instead of fumbling through your brain before your first cup of coffee, you can take a quick glance at your notes. You’ll appear genuinely tuned into your customer’s personal and professional life without much effort.

  1. Train Your Team

All of this sounds great, but what happens if your team doesn’t jump on board as quickly? Change is hard. That’s why Insightly put together a team of customer success specialists. They’ll walk you and your team through the important steps of setting up your account, training key players on how to use these features and getting everyone up to speed on all of the important features.

The Insightly support team takes a hands-on approach so you don’t have to. Consider this your golden ticket to sail past the awkward introduction period and move straight into better sales and support.

  1. Get Detailed Reporting

These features sound great, but how do you know they’ll work for your business?

With Insightly’s data-driven SMB CRM, you can always get the reports and insights you need to see how well your sales and support teams are doing. Get real time snapshots of your business and break down insights about your customers. These reports help you keep a pulse on your current customer relationship status while also helping you identify new opportunities to attract more business moving forward. Advanced Reporting is now even more robust with the recent release of its connectivity with Microsoft Power BI, a suite of business analytics tools to analyze data and share insights. You can monitor your business and get answers fast through visually-detailed dashboards that are available across multiple platforms,

 

 

At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.

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