SMB Marketing Blog

Nancy Nardin over at SmartSellingTools.com wrote a great blog post last week, entitled ‘99% of Businesses are Being Stiffed! And You’re Probably One of Them’ that is highly relevant to sales and marketing tools for small to medium size business (SMBs).

The essence of the post is that most SMBs are either overpaying for the software they’re using or using software that is built for mid-to-large companies but that is crippled for SMBs. What is more telling, is that the companies selling it to us are saying their ‘primary’ market is larger business but that the software is applicable for smaller companies too.

How can this be true? How can your under 100 employee firm have the same support, feature needs, and budget as a 500+ employee company that has a marketing department and a sales team of 40? Or how you the same as 50 person hi-tech venture capital backed startup that lives and breathes social media?  All the features those companies will insist upon can become a burden for you to use (or not even be a good fit altogether), not to mention the manpower and support issues you will have trying to keep it running smoothly. It’s no wonder that a lot of software becomes ‘shelfware’ after the vendor has sold the customer on all the whiz bang features 6 months previously.

We haven’t even gotten to budget! Some vendors will discount their software to give you a ‘great deal’, without ensuring you are a ‘great fit’. Or sell a ‘lite’ version or give a free version so that you will invest your time on their platform, so they can upsell you later. Again, will it fit your company is not their primary concern. What you pay today may not be what you pay when you renew, or have taken into consideration implementation costs.

As Trish Bertuzzi (a well-known expert on sales strategies) comments on the post, ‘Our advice to all our clients, don’t talk to vendors or do any research on marketing automation until you have defined your requirements. Then, once you have defined them, sit back and take a long hard look at what it will cost you in time, effort and energy to implement.’

So don’t get stiffed. Don’t buy a tool that is built for large companies and get short changed later. Buy what you need  – you can always upgrade later (if you need to) if it’s a monthly software-as-a-service (SaaS) product which most are. Gone are the days of buying all you will ever need, because its no longer a one-time license purchase.

Most importantly, choose based on what your requirements are, not based on what some large companies requirements are. There’s many reasons why SAP and Oracle ERP software don’t fit SMBs, and Intuit accounting software doesn’t fit large companies.

While a well designed and well promoted website can create leads for a company, it goes without saying that most companies will not rely on it entirely.  They will also supplement inbound marketing with outbound targeted calling; they will take a look at who their customer base is and why, develop a list of other companies that are similar, and start calling.

Success at this point will usually sound like “…interesting, send me an email with your info in it and I’ll get back to you”.  The big question is did they say it to be nice,  to get you off the phone?  Or are they genuinely interested? If they are not interested, you may have just set yourself up for a waste of time following up with them.  What you really want is insight into who on the “send me an email” list really is interested, who is actually engaged with your message.

One path to this insight is through a combination of a content-rich website, and marketing automation like ActiveConversion.  When they ask for the “more information email”, the email itself contains links that lead to the information/content.  With the ActiveConversion Outlook plugin installed, if they click on any of those links, you’ll see if they clicked through and what they looked at.

If they said they were interested, but didn’t click through on any of the informational links, well, not as qualified.  However if they clicked through and looked at multiple pages, and even more significantly, if they returned later for a second look at your website, notch them up as having passed qualifying test #1.

Keep in mind this same approach is useful when re-engaging with customers and old prospects.  Even deep into a relationship sell, being able to gauge how interested and engaged a prospect is with the new message you’re delivering is invaluable.

If trade shows are an important part of your marketing strategy then you understand that they are one of the best ways to do both lead generation and face-to-face networking with a large group of qualified prospects. After a trade show, companies struggle with following up on a long list of inquiries with attendees, most of whom are not sales ready, and get neglected by the sales team who focus on ‘hotter’ leads.

Yves Matson, Senior Account Executive at ActiveConversion, & Nancy Nardin, President at Smart Selling Tools shared some strategies and tactics around increasing trade show ROI.

Attendees learned how equipping their company with simple and easy to use marketing automation software drives several benefits that increase trade show ROI:

Other topics covered were:

• Who is visiting your website right after a trade show
  - if you are “top of mind” enough for them to investigate you after a trade show, they are your best prospects!
• How to automate an email nurture campaign after a trade show
  - instead of having sales follow up with the entire list, have them focus on those that show engagement, even if that engagement is months later
• Track the effectiveness of various trade shows and compare the return on investment against each other

Download the recorded webinar from: http://www.activeconversion.com/webinar/webinar-june-2010-access.html

Download the presentation from: http://www.slideshare.net/activeconv/activeconversion-increasing-trade-show-roi

We all know that happy customers are advocates for your product or service. But how do you get fanatical customers? These are customers that really move the marketing and sales yardsticks. They promote you, they review every feature, and can’t imagine their work life without your product being part of it. One of the ways is to engage your customers in a way that makes them part of the team. The best way to do that is to make sure they have a voice, and that their voice is heard. This can best be accomplished by building an online community.

There are many, (many!) online community tools in the marketplace. They range from message forums to social media networks to chat oriented products.  In order to enhance service and make users heard, business to business companies can make use of these tools which are basically feedback channels where customers can provide any and all thoughts they have about your product. This helps companies listen, really listen, to what their customers want. An online community not only allows the customer to see how their feedback has been handled, but it also allows them to see the interest on those ideas from other professionals using the service. They may even stumble upon ideas that would enhance their own use of the product.  This creates engagement, and engagement generates fanatical customers.

How are you building your fanatical customers?

Both before and after the Global Petroleum Show, companies seriously interested in you will likely visit your website. Knowing who is interested in your product and services (and especially when), is something that you can use to increase your trade show return of investment substantially.

Finding The Needles in the Haystack
Research on trade shows have shown that serious buyers will gravitate to doing their research online and arrive at your website both before and after the trade show. But trade shows like the Global Petroleum Show can have two huge wins for exhibitors; Opt ins, and after show website visits.

Opt Ins
By virtue of the fact they are going to the GPS show, anyone visiting your booth is qualified in so far as they are in the energy industry. When one of them asks to be scanned for more information they are doing what is the holy grail of  marketing; they are “opting in”.

When someone asks for their badge to be scanned for more info, you can email nurture them  while always leading off with “you are receiving this because you visited our booth”. Then use a new breed of software to notify you as to who keeps coming back to your website, or visited the right pages on your website; it will tell you who to call, who you stand the best chance of building a relationship with.

The Bigger They Are, The Less They Call
Every exhibitor at the GPS hopes for booth visits from big, sought after accounts. But ironically the bigger the account, the less likely they are to call you after a trade show for fear of salespeople chasing them months on end. Regardless though, if these big accounts are interested in your company they will likely visit your website after the show to investigate your company further. Again, knowing who is visiting, who is interested in your company, who you should target over the weeks and months following the GPS show can be a significant competitive advantage.

eHow To Guide
Here’s a quick eHow To Guide from ActiveConversion that further explains what I’ve mentioned above. Good luck at the Global Petroleum Show 2010!

ActiveConversion hosted a Webinar on May 12th, 2010 on how to manage leads with ActiveConversion-SalesView. Paul Uppal, Senior Account Executive at ActiveConversion, interviewed his customer Ric Ratkowski,Vice President of Product Strategy at Host Analytics on how Host Analytics successfully implemented AC- SalesView within their sales team.

Some of the items covered in the Seminar were:

• ActiveConversion progression.
• Features and benefits of AC-SalesView.
• How AC-SalesView can help ensure no leads are forgotten or lost when your sales reps are not using Salesforce.com or other CRMs.
• Case Study on how Host Analytics successfully implemented AC- SalesView.

Are you really listening to your customers? Quite often we’re so busy with the day-to-day work around our businesses that we don’t stop to really take in what our customers are actually telling us. More often than not we’re listening with a bias towards our current issues. This is completely natural. However, to be Customer Centric; throw aside your personal thoughts, issues, desires and really listen to what your customer is saying. Be fully focused on their agenda. Questions to ask yourself; What is their life like? What are their challenges? What helps make them succeed? What are they really telling you about your product or service?

You’ll be amazed by the depth of understanding you’ll get. You will more clearly see the value your product or service is bringing to someone. You may even start to see patterns emerge in a particular subset of customers, perhaps even in a whole vertical market space. You may just find that competitive edge you’re looking for. Strangely enough, all you had to do was to listen, well, really listen.

Listening is a key skill for everyone in the organization. It is crucial to make listening a part of organizations communication protocol.  It should not be limited to just marketing & sales but should spread across other departments such as product and support. There are so many benefits, that listening skills should even be part of your hiring strategy! Because of the benefits of Listening, many smart organizations are actually training employees in listening skills. For all the advanced tools and plethora of ways to communicate these days, sometimes its the simple things that matters – just listen.

The 2010 mediaFresh awards hosted by Digital Alberta are dedicated to the recognition of those Alberta Digital Media Professionals and Post-Secondary students who have created outstanding project and programs between September 2008 and November 2009.

Category: Best Entrepreneur Award for creative/business/technology entries will be judged on

• 40% Marketing Strategy
• 30% Commercial viability
• 30% Uniqueness of technology

Winning entries will be featured in a full color catalogue that will be published and distributed following the awards ceremony. Each winner will receive a complimentary copy of the catalogue for their portfolio. Additional copies of the mediaFresh 2010 will be distributed to promote digital media production in Alberta and around the world.

Fred Yee, CEO of Foundpages/ActiveConversion, is one of the nominees. We think Fred and the product / services fit the ranking criteria very well.

Whenever the oil and gas industry is mentioned most consumers think of gas bars and service stations, typically operated by a few multinational brands like Exxon, Shell and Chevron.  Gas bars and service stations are actually the tip of the energy industry iceberg, representing so-called downstream activity.  Further upstream there are many thousands of companies involved in exploration and production with their own particular role in the search for hydrocarbon deposits.  Many of these operators such as geophysical and drilling contractors are service providers who in turn contract with other service providers to perform specialized functions within their field.

The relationships between these companies is obviously business to business (B2B) and often well defined so why bother with a marketing automation solution or sales intelligence if you are a energy services provider?  The main reason is probably timing.  Exploration activity is project oriented and the decision to drill is at the core. Wouldn’t it be useful to know exactly when a new or existing customer is looking to buy something you provide?

Industry insiders pride themselves on what’s going on in the oil patch.  They seem to know where the deals are and when they’re sales-ready.  An advanced marketing automation solution will enhance their ability to strike, by providing automatic alerts.  A Sales 2.0 solution will not only identify which companies are sales-ready but will also indicate the ideal time to call in the sales cycle.

Sales reps for these leading companies retain a competitive advantage by being notified when a desired prospect has downloaded a particular specification, watched a video, or visited a certain page like pricing on their corporate website.  Or when they have a proposal out, and are waiting for indication that they are being considered for the ‘short list’. When this information is delivered in real-time, sales reps stand a much higher chance of winning these multi-million dollar bids.

Another advantage is intelligence.  Just knowing which companies are researching your offering is often worthwhile. Some companies may not have been on the radar, and can often lead to new business.

And with an advanced marketing automation solution , marketing personnel can track the results of trade shows, mail, email and other campaigns, in addition to being able to build and send emails to keep their brand top of mind.

Having sold to the ‘oil patch’ for many years, I can see why ActiveConversion is used by many energy industry manufacturers and service providers, to auto-nurture prospects and to optimize their sales time.

I got an email from Marketing Profs for a seminar entitled “Demolish the Roadblocks on Your Website: Clearing a Path for Customer Action, Sales and Loyalty“.  I’m not here to sell this seminar, I just found the lead-in couple of paragraphs selling the seminar a great post all on its own.

Too many people create websites that look beautiful. But what we really need are websites that WORK beautifully. It’s not enough to put some content up. It’s not enough to launch and leave an application or a new website design. If you want a website that makes money you must continuously improve the completion times of your customers’ top tasks. The most important thing you need to manage on your website is your customers’ time.

This is Coolaid that we drink all day every day; it is more important to be found, answer questions, generate a lead, than it is to look the prettiest.  Of course the website can’t be a junker either, or that becomes a barrier (lack of credibility) all in itself.   Just don’t spend all your money on the design, save 75% of your budget for promoting the website and answering your customers questions with webinars (and downloads of recorded ones), case studies, and white papers.