Lead magnets…..different medium….different possibilities

campaign, digital, lead generation, Marketing, Sales

Marketing is applied psychology. So you need to figure out the strengths of each medium and blend it with human psychology to help you get leads.

In my earlier posts I have written about different physical and electronic media for generating leads. Today we will limit to seeing how you can utilize electronic media.

One of the key things about Google (including YouTube) paid search and to some extent Facebook paid search is the fact that if you can master them, you can can have the equivalent of thousands of sales people working for you, whenever someone is searching for something similar to what you offer.

So while you might show up because of the PPC, how do you ensure that people click on your advertisement first and then leave their email id, so that you can keep marketing to them in the future.

This is where the challenge starts. With PPC, if you have some smart people, you can get your advertisement to show up at a reasonable cost. But there’s no point if they come to your site and leave without giving you their email address. Then your advertisement has been wasted.

One simple way which I have tested after listening to Joe Polish and Dean Jackson on thir Ilovemarketing.com podcast is offering relevant reports. Why this works is that human beings are gatherers/ collectors. So when you are offering something which the person can collect right now and consume whenever they want, they tend to give their email ids.

Right now I have seen that offering this lead magnet using this psychology has worked on getting about 10 email ids a week. I am now working on seeing how to scale it up to see if I can take it to a about a hundred a week….Will keep you posted.

I would suggest mean time if you’ll can also try and give me feedback, in the comments section below, on your success or failure with this.

Till next time then.

Carpe Diem!!!

If you know how to sell apples …. can you also sell oranges

Customer Delight, Sales

I pride myself on the idea of being able to sell different things. I have sold things from industrial automation items to computers, to embedded devices which get into cars, all the way into selling different kinds of services.

The fundamental principle behind my confidence was the fact that if I know how to sell, then I can sell anything. Which brings us to the topic – when I am looking for someone for a specific role, to hire from outside, then why do I forget this principle. When I am looking for people to join our company from outside then I always ask for specific domain knowledge in selling. So my HR had this question, why do I discriminate.

When I am doing an internal transfer of resources, I don’t mind experimenting and letting people move from selling apples to selling oranges. That’s because, I know the capabilities of the person since they have worked in my team and I know that they will be able to adapt and learn about the new environment. Here there’s only one variable which I am addressing – the ability of the person to learn things about oranges and identifying people to sell oranges. I have had people whom I have moved from HR into Marketing because they had the drive to learn new things and explore.

When I am taking someone from outside, the person is completely unknown to me. Therefore I prefer to know, that in the domain that I want, that person has sold things. There are other variables about the new person which I don’t know. Like will the person be able to adjust to our culture, is she really in a position to deliver whatever she has written in the resume etc. Managing so many variables, including trying to give them new domain expertise is extremely time consuming. So to ensure that people become productive in the least amount of time, I would like to get people with domain expertise, when I am recruiting someone.

Coming back to where we started, if you know the psychology of selling, you can sell any product. You may take time to learn how the new product has to be positioned , what are the pain points that need to be identified etc. But once you know those, you can easily move from selling apples to selling oranges. The key aspect is knowing the psychology of helping a customer identify the problem, helping them solve the problem and delighting them.

There are other dynamics like selling cycles that you need to adapt to, but I have known people who were selling bicycle tyres to retailers get into successfully sell computers to corporates and some one selling sugar, get into selling computers.

So good sales people can sell what you give them to sell – apples or oranges.

Till next time then.

Carpe Diem!!!

Building relationships versus doing transactions

Marketing, problem solving, relationships, Sales

When we are new into selling, we end up viewing everything from the lens of a transaction. We don’t have a large enough prospect base, at the time so we are desperate to get whatever we can so that we can meet our targets.

And then you have the boss, who is not bothered about how you get the sale, as long as you get it. That actually sends out a wrong signal to the sales guy.

I realized much later that in the B2B space, the world is actually very small and you end up meeting the same people, somewhere or the other. So if you have rubbed someone the wrong way, you can count yourself out of business from that person wherever she goes.

Since then I made it a point to ensure that I was always investing on building relationships….so irrespective of where people,e went, I could pick up the phone and just make a call. Since I was investing in the relationships up-front, it also meant that I was clear that I would keep commitments that I made and would inform in advance if it was not going to be possible to keep it.

The benefits of building relationships , as you climb the corporate ladder are extremely high. You get valued because of your relationships. As you climb higher, the problems you have to solve are also much bigger. It helps if you can leverage your relationships to get you moving.

So work to nurture relationships…..its important in all functions but especially so in the sales and marketing roles, because as McCormack used to say – All things being equal people give orders to friends, all things not being equal, people still give order to friends.

Till next time then.

Carpe Diem!!!

TRUST & FEAR in B2B

B2B, Fear, Marketing, Product Management, Sales, Trust

In every relationship TRUST is a very big factor.

In a B2B situation , its an even bigger issue ,because the person who’s going to be your sponsor for whatever your product or service that you sell, cannot afford to fail.

The fear of failure in B2B environments is even bigger than when you deal with consumers. Any B2B environment whether corporate, government or semi government, all have multiple hierarchies involved.

So the person you deal with can’t afford to fail in front of her peers, in front of her boss and her boss can’t fail in front of her (the boss’) peers. The larger the organization the bigger the problem.

That’s one key reason why there’s so much inertia in making decisions in organizations. This inertia causes large organizations to fail in the long run, which is another story.

For a product manager or marketing manager or sales person, its not about how good your product or service is, its more about how much does the prospect TRUST you. Fear falls only when Trust increases.

If you can’t build the Trust, the prospect will go with the incumbent vendor or technology or partner because then at least people will not directly blame her for failure. There used to be a saying in IT circles ” No CIO got fired for choosing IBM” . IBM was the default standard at one time for information technology. They were more expensive than most, but still picked up business because they were trusted.

As a product or marketing person, your primary responsibility therefore is to figure out, how you can build trust around what you “sell”, that will ease the process of getting traction in the market. If you see some of my earlier posts, I have spoken about how education is one of the best forms of building trust.

Till next time then.

Carpe Diem!!!