How to Succeed in Retail in the Age of Amazon

How to Succeed in Retail in the Age of Amazon

 

So you had some extra time on your hands during quarantine and came up with the “next big thing” for retail. Maybe it’s a new premium direct-to-consumer item or a platform for social shopping. Whatever the case may be, in the current age of retail, every business team needs to ask themselves the trillion-dollar question: How do we compete with Amazon?

Amazon’s Corner on the Retail Market

Like Walmart did for brick-and-mortar big box stores, the retail giant has hoarded market share by offering lower prices on thousands of retail products in virtually every industry, and it’s paid off. Amazon reached the trillion-dollar mark in 2018, being only the second company to do so (Apple was first just a month before).

 

You may be wondering how Jeff Bezos grew his operation to the giant it is today from its humble beginnings in his garage in Bellevue, WA, but consider this: Amazon has been at the forefront of innovation when it comes to online shopping and shipping to your home. It revolutionized shipping speeds with Prime memberships, paved the way for the use of delivery drones and even built more warehouses to accommodate large metro areas.

 

And that's not all: Amazon is always looking at the big picture and making highly intelligent organizational moves and acquisitions. For example, healthy eating and finding organic food choices are trends that have been on the rise for some time now, and consumers have been willing to pay more for those choices. So what did Amazon do? It bought Whole Foods, the largest, fastest-growing organic food chain. No wonder it reached the trillion-dollar mark.

 

Paying attention to what consumers want outside of the online arena and giving it to them in a new format is brilliant, and something to think about if you are trying to compete in the e-commerce space.

The Customer-Centric Business Model

As a rule, once a company obtains a certain level of success, the customer satisfaction rating will slowly decline as the corporation has bigger things to deal with. Amazon has only gotten more “customer-obsessed” with their exponential growth. A list of their company leadership principles explicitly states that at Amazon, “Leaders start with the customer and work backwards.” Earlier this year, in a Harris Poll on corporate reputation, Amazon was ranked in the top 3 for the 8th year in a row and the top 10 for the 12th consecutive year. And Amazon topped the ACSI Retail Report for the eleventh year in a row. Clearly they are onto something when it comes to customer satisfaction.

 

Smaller businesses have an advantage because they have always been better at building relationships. However, they can hold onto customer satisfaction as a top priority by posting crystal clear return policies and by offering one-on-one assistance when needed. Live chat is a fast-growing trend in customer support. We all feel more appreciated when we feel a connection with someone, so allowing your customers to make a personal connection with you and your business can go a long way.

The Coronavirus Effect: Recovering from a Spending Freeze

As in all other sectors, the COVID-19 pandemic has had a profound impact on both e-commerce and brick-and-mortar retail. E-commerce sales are forecasted to jump 18% by the end of 2020, but brick and mortar sales will drop by 14%. This TechCrunch article points out that the bump in e-commerce will not make up for the expected 10.5% drop in overall retail sales to $4.894 trillion—a level not seen since 2016. E-commerce may be enjoying a boost, but when all is said and done, Americans are technically spending less and gravitating to the top two in the category, Amazon and Walmart, for only the most essential purchases.

The Bottom Line For Small Businesses

While most new small businesses won't be able to directly compete with Amazon, there are ways you can be successful without feeling like you need to overcome the impossible.

 

Here are two ways of staying relevant in the space:

 

  • Go where consumers already are: that is, Amazon. For some, this is a classic “if you can’t beat 'em, join 'em” scenario in which a business foregoes fulfillment hassles by distributing directly through Amazon. For many, this has proven to be a successful strategy, turning a profit by letting Amazon take all the credit.

 

  • Create highly specialized products and services. Another new rule of thumb emerging across multiple industries, narrowing your niche and focusing on a very small percentage of the market can help you gain loyal consumers who know you are the only place to get what they need. Now that Americans are spending less, and Amazon has proven to be resilient, the retail behemoth is sure to keep its market share for the time being.

 

What may have worked for small businesses two years ago likely won’t work today, and what works today may not work tomorrow. Being nimble and finding small (but bright) windows of opportunity may be just the thing you need in order to survive.

An earlier version of this article was published on Forbes.


The Click to Purchase Myth.

When small brands roll out big dreams.

There are billions of marketing books, articles and gurus all claiming they have a silver bullet to generate leads while you sleep and get you that beach house in a matter of months. Like most things, what you read will rarely transform your life. Why is that? One word: execution. So, after a couple of attempts on your own, you hire a marketing agency, armed with the knowledge by experts and prepared to make an investment that will generate high returns.

This may seem like an exaggeration, but in reality, it isn’t too far from the truth. Businesses see the opportunity and desire a “click to purchase” product or service. This is where you build your digital marketing machine with paid ads to generate leads and a website to purchase. Sounds simple and the books will give you formula after formula to make it happen. And then they hit the wall- where are sales?

Assuming that marketing will be your sole driver for revenue is one of the biggest mistakes we see business owners make.

If you are ready to launch a product or a click to purchase service, here are a couple of things you should keep in mind and be prepared for. Consider this your reality check:

  1. If you want to build a digital empire be prepared to have deep pockets. It takes a lot of money to get enough traction and analytics to make a dent and even that first sale will take time and refinement. Know that you will learn lessons along the way, and they will be expensive.
  2. It will take time. Nothing worth having comes easily or instantaneously. It takes a lot of testing, refining and optimizing to get your targeting and message right. It takes at least 3 months to create baselines, understand the market and get a good feel for where you want to go. Even those digital marketing gurus had thousands of things that didn’t work out until they found their golden goose; even if that’s all they talk about. Know that it will take you time too.

If that sounds unappealing, know that there is another way to get your click to purchase solution launched. Take the uncertainty out of the equation and build a business that lasts, not just until the next Google algorithm change.

You are going to need to sell the first several solutions or products. Yes, it’s true. You will need to talk to people, understand what motivates them and how your digital solution solves their challenges. By skipping these early sales conversations you will need to invest much more time and money in marketing proving out different hypothesis. By having the conversations and connecting with these customers, you gain valuable insights and feedback that will help your business exponentially.

Let’s face it, a consultative sales process where you get to understand your customer, build a relationship and find solutions is at odds with a digital play. On the internet, you have to guess at what their challenges are,and feed them information, facts, proof that you are awesome. When you have a consultation you build connection and learn about your clients. This just can’t be done authentically digitally until you understand it in the real world.

What this boils down to is sales process. The more complex the offering, the more complex the sale. Make sure you aren’t just building a marketing machine, but a sales process that aligns with your values, your business, and your customers needs.

Depending on marketing to solely drive your revenue from the get-go is a risky business. We believe in creating sustainable programs that support elevate and grow businesses, not that ARE the business. If you would like to learn more about what a sales and marketing strategy looks like for you- it's time for us to talk! info@atrevenue.com


The difference between a marketing plan and a sales plan

Business plans often glaze over sales and marketing very quickly. They want to know what the overall revenue goals are sure but the HOW is grossly underrepresented. That’s the problem of setting targets, goals, and dreams without understanding what it will take to get there.

We often find that sales and marketing are still the wild west of strategic planning. They get some top-level attention to help define key principles such as your target audience or your core values, but rarely include any of the actionable items. So how do we blend the strategy and plan to achieve that ultimate goal: more revenue?

Before you make the goals, check to make sure that you are incorporating all of the below:

Your marketing plan should include:

- Your key messaging concepts: What are you going to say that will capture your audience’s attention? What problem do you solve, what are the motivating factors, why does your customer care Your marketing plan should clearly and concisely be able to articulate your core message.

- The channels you plan to use: Once you know what you are saying, where you will say it is the next step. Each platform, channel, and community might need a different message and a different way of expressing it.

- Your investments (financial, time and frequency): Marketing is going to cost you one way or another, even free channels on social media are becoming more of a pay to play platform. Your marketing plan needs to map out your commitment.

- Your goals and KPIs. For each channel: It is critical that your plan includes clear expectations so you can measure your ROI, make adjustments and improve.

Your sales plan should include:

- Prospecting: where are you going to find new prospects and leads? Where and how are you networking? How does your personal brand show up on social media?

- Strategic Partners: Who are your business friends who send you more business?  Building and developing great strategic partnerships is not only good business sense, but great for your pipeline.

- Your process. Creating a sales strategy takes careful process mapping. How do leads go through your pipeline? What are the critical steps that need to be taken? How can this process be repeatable across your entire team? If sales are the first ambassador of your brand, it is critical that you have a brand congruous process.

- Your KPIs and goals. You need to track your activity just as much as your results. As a sales professional, you need to put in the calls, work, and effort into finding your leads and building the business. Once you are able to hone in on those key metrics you will be able to calculate how much you make every time you pick up the phone.

Building both your sales and marketing muscles is critical to developing more revenue for your business. To help achieve maximum impact, many businesses are hiring a CRO (Chief Revenue Officer) to ensure both of these departments are achieving their shared goal, reducing processes and investments that aren’t paying off and holding the team accountable to growth. If it’s time to see more revenue come in your business we are here to get you there! Contact @revenue today and let’s create a plan for your next milestone.


The Times They Are A-Changing: Managing Fear

By Emily Lonigro

Do you feel something is changing? I do. It’s everywhere and I can’t quite name it yet. It feels deep and systemic, something much bigger than just me or you. Are you feeling it too?

During the past 2 months, I’ve been feeling this big change coming and I’ve been working on managing fear. It’s like an undercurrent to every conversation I’ve had. Usually, I can turn up my entrepreneurial mojo and crank out a ton of work and just blast full steam ahead with a singular goal, and I’ve been doing that for about 4 weeks solid now. I’ve done it a million times over the past 15 years — you know how exciting it is to think up a new plan and start the wheels in motion. It’s the part of my job that I love the most.

This time, something is different, and it’s not just me this time. I’ve been talking to foundations, our competition, partner agencies, B Corp CEOs, women in my network, clients, and really anyone I can get for 15 minutes. Everyone is saying the same thing: something feels different and we’re not sure what it is.

I’m not sure either. But here are a few things I do know and I’m hearing from everyone else:

1. There is a clear shift to bring more purpose and intention into our day.

We don’t separate work and life. It’s one big thing and it can be overwhelming. The things we do and say make us who we are, so when one of those pieces doesn’t jive with the rest, we face big problems like self-doubt, anxiety, and anger. When you’re in charge of things, like a business, this can become extremely messy. Finding the right people to talk to, whether a network or a paid advisor is the way through. Because the only way out is through.

I’m seeing more consultants and small advisory practices focusing on self-care, mindfulness, and bringing intention and meaning to clients’ lives. There has been a big focus on the rise of the entrepreneur and the startup, the leader who grinds all day and has a singular vision of success through disruption. Are we getting burned out? Are we spending all of our time working and forgetting about what binds us together as human beings? Or are just spending too much time on Instagram?

I hear a collective need for coming back to mission, purpose, intent, and meaning, especially in the business world. There’s a desire to work less and experience more.

2. We are getting used to working and living in a climate of uncertainty.

The uncertain political climate destroys my business. When we didn’t have a budget in Illinois for a few years, almost all of our work dried up with our biggest client. We know the same happened for a lot of our consultant friends and nonprofits lost funding and resources across the board.

This new political uncertainty that we are all witnessing every day is something else. It is changing our spending habits; we’re less likely to sign up for something for a longer term. We’re hoarding cash because we’re waiting for the other shoe to drop. We are hearing about a coming recession, and we’re all wondering what’s going to happen.

Most of my competitors are talking about this. Some of them are digging in, some are getting out, and some are changing. We’re wondering what’s going to happen to our business and a lot of us are making pivots in our service lines and pricing structures to get ahead of it. We’re taking bets.

What does this mean? It means we’re realizing that business, as usual, isn’t working as usual and it’s up to us to keep things moving and for the betterment of our communities. This climate of uncertainty is designed to separate us and keep us alone and scared. I think a lot of us are at the point where we recognize: “yes, those people in charge of policy and big business are bananas crazy, but I need to keep my enterprise going to support my staff and family, so I’m going to keep going and do what I need to do to do that.” We recognize we are part of a system and we’re better of joining forces than going it alone. So let those crazies be crazy and let’s stand for something more.

3. We are slowly getting over being afraid.

I don’t know about you, but I used to be afraid almost all the time up until maybe a few months ago when I got to a breaking point. I finally realized that all of this worrying about uncertainty and what I SHOULD be doing wasn’t making my life any better. In fact, it was killing me.

Thinking back to when I started my business in 2004, I did that because I was tired of selling people crap based on the fear of not being good enough, or having some “other” person take everything away, or the fear of not keeping up or missing out. I rebelled against that idea in marketing, but most of everyone else didn’t. And marketing embraced it. So part of the issue why we’re all feeling like we’re falling behind because we let the marketing get to us.

This fear and anxiety is created by marketers, either deliberately or accidentally. It’s why we love and hate Facebook and why we are addicted to knee-jerk spending on Amazon. It’s a quick fix to a bigger problem: we’re afraid. We’re buying things that fix it for a moment, but in the long term we’ll just end up deeper in debt and at the mercy of the 1%.

I’m seeing a new trend emerging: one of fearlessness. Slowly, I’m seeing more honest questions, more support networks, and more authentic marketing that’s about creating real conversations.

I’m not sure what will be the result of all this, but I do know there is a new way and an old way. The old way is based on exclusion, fear, and profit. The new way is based on collaboration, honesty, and impact.

This is where I’m really excited. I know that the methods of design thinking, when used deliberately and inclusively are perfect for getting at the heart of the matter. It’s not always easy, but the results are always honest and insightful. This has been our practice for a long time now — extending far beyond branding and web development — and I think we’re in the right place at the right time to help more people make real change.

For us, this is the path that’s unfolding: our practice is about uncovering truths, defining a path forward, and inspiring and including. It’s less about the things we produce and more about teaching the tools and practices that help make the world better.

I created this model for to you get a sense of where you are in this uncertain time. Is your org or business responding or reacting? Is it from fear or inspiration?

 

[button style="red" float="left" margin="" size="small" link="https://www.limeredstudio.com/download/6779/" target=""]Click here to download my FEAR or INSPIRATION, RESPOND or REACT Worksheet[/button]


6 Questions to Ask Before Choosing a CRM

Still using Excel to track your networking connections? That might work, to a degree -- but it isn’t scalable. You easily lose track of contacts, you miss follow ups and you can do better. Do you dream of a tool that tracks your pipeline, stores all your notes and automatically reminds you to follow up, or even does it for you?

That tool exists. Enter the Customer Relationship Management (CRM) system of your dreams.

You might be thinking, “Oh, great--another piece of technology to learn.” I hear you--technology is always changing, so it’s hard to keep up. Then, there’s the risk that picking up a new tool will just add complications, rather than clarity. Let me help you out. Here are six questions to ask yourself. Take the time to answer them, and odds are you’ll find the perfect CRM for you.

  1. What is your digital culture? Take a moment to list the email service, project management software, inbox and other programs you’re using. Are you a Microsoft Brain, or do you get down with Gmail? Tools like Zapier can help make the connections seamless.
  2. What does your network look like? Make sure that your CRM will allow for different sales pipelines and tagging structure so you can store all of the necessary data. A good CRM will track not just your leads, but your strategic partners, vendors and more. Avoid systems that consider everyone to be a ‘lead’.
  3. What kinds of automation will you be using? Look at what process flows you have.  Are you automating? Where might there be opportunities to automate? Things like email messages, task assignments, and reminders are critical for lasting CRM success.
  4. What do you need to track? Priorities vary from sales pro to sales pro. Consider what you truly need to measure and track in the future. Then, check to make sure the CRM you’re considering will accommodate. Things like weighted pipelines and varied sets of activity can help make your choice easy.
  5. How much time are you willing to dedicate to your CRM? No matter what platform you choose, a CRM is only as good as the information you put into it. If as an owner you aren’t the championing your CRM as part of your culture your team will not make it a priority.
  6. At the end of the day, does this make my business better? Simply put, if the answer is “no,” time to consider another CRM.

Now that you have been able to narrow the field by asking these questions, it’s time to take that new CRM out for a spin. Take advantage of a free trial to see how you like the interface. Once you settle on a perfect match, customize it.

Intimidated by the thought of putting together a sales process, automation, and contact structure? You’re not alone. It can seem even more daunting than choosing the CRM., Contact @revenue to get started.


The Impact of Values on Small Business

Value Statements, mission statements, retreats, and branding exercises are often considered luxuries that small business owners will simply slide off of their radar. After all, there are so many more important things to do, right?!?

The short answer is, yes. There are many important things to do. Until there is a crisis, conflict….or even a client interaction. Then, this collective verbalization of what is important to us, what we strive for, and what we can expect from our leaders and peers becomes the foundation for success.

There are always metrics that are analytically trackable: sales, financials, all the numbers, right? But when it comes to measuring the alignment of organizational values in a small business what are you supposed to look for?

Here it comes….feelings.

OH, YOU KNOW HOW I LOVE TALKING ABOUT FEELINGS!

Check in with your team, and at different times:

To understand the adoption of values in your business it’s critical to check in with your team and learn if what you thought would be important about your values is resonating with them. As a leader, when you set the values for your org you set them through one filter - yours. But your values, have no guarantee of aligning with the person across the table. When we asked our new admin, who had been with us for about 90 days, Song said, “The concept of professional love was completely new to me. very few of my past employers have been as kind and invested in me and my goals in life, not just professionally but personally as well.”

Wow. After 90 days one of our team members knew that we cared about her as a whole person. Professional Love. Check.

When we asked another team member how he was impacted, Ben’s response was, “I am excited about the creativity that I have experienced with how @revenue works with clients. Developing ways to creatively collaborate with clients fuels innovation and brings excitement to the marketing strategies that we provide.”
This felt like a completely different view of the same question, but it gave us an understanding of how he was absorbing what we thought we were communicating clearly.

Having those conversations and getting feedback gives you a place to open yourself to getting better. Speaking better. Professionally loving them better. So what is the impact of those values? They are a measuring stick for the leadership of your organization and an opportunity to openly communicate over more than just ‘is the task complete?'.

The deeper the understanding and engagement your team has around your values sets the tone for how they care for and communicate with your clients. Give them something to believe in...and then believe in them.

We would love it if you would share your organization’s values with us! Visit us on Facebook or LinkedIn and share your vision - we are all ears!


Sales Sabotage: How Internal Communication is Hurting Your Bottom Line

In an ideal world, your sales and marketing teams would be best friends. Sadly, they don’t always see eye to eye--sometimes, they go head to head. The truth is, only 8% of companies report a strong alignment between their sales and marketing departments (source).

What’s the deal with this disconnect? As we discussed previously, sales and marketing can benefit and learn a lot from each other when they’re in sync. Heck, they both have the same goal--to drive revenue! Let’s take a look at just how disjointed these two efforts are, and what we can do to turn the situation around.

LEADS:

Did you know that sales reps ignore 50% of marketing leads (source)? WHAT!?!? It’s true--half the hard-earned leads sent their way are going to waste.

Do you wanna guess what the team is doing instead? About 50% of sales time is wasted on unproductive prospecting (source) Not only are they tossing aside the leads marketing is providing them, but they are wasting time on bad leads!

So if sales is only taking 50% of your leads, and wasting 50% of their time, that’s 100% failure. The sales team has reasons for passing on those leads--instead of ignoring the problem or guessing why, the marketing side should ask them what they want and need. Why aren’t they using these leads? What about these leads doesn’t appeal? How can you shift your strategy to ensure you are providing more qualified prospects into the pipeline? Making that shift means way more to the bottom line.

CONTENT:

We can’t lay the blame solely at the feet of the sales teams. Marketers could stand to make some changes to improve their impact.. Approximately 60-70% of B2B content created is never used. In many cases, this is because the topic is irrelevant to the buyer audience (source). Isn’t that just great? Writing for the sake of writing. If you are wondering why your content isn’t getting any traction, consider bringing in the sales team. They talk to your customers all the time and know exactly what their challenges and pains are. Make sure to address those and craft compelling and valuable content.

And let’s face it, content is still king. 47% of buyers viewed three to five pieces of content before engaging with a sales rep. (source). Be sure to engage your sales team so you're putting the right 3-5 pieces in front of them.

TOOLS:

If it seems that sales and marketing teams are speaking a different language, sometimes it’s because they are. All too often, marketing reporting and systems aren’t in line with sales processes and leads, and each team uses applications, tools and processes the other is unfamiliar with. In fact, B2B companies’ inability to align sales and marketing teams around the right processes and technologies eats up 10% or more of revenue per year (source). I bet you don’t spend 10% of your revenue on tools.

To get on the same page, consider bringing together both departments to your results meetings. When the marketing team learns where the sales are coming from, and sales learns about what’s working in the market, both parties produce better results. Don’t let the communication gap go on, because it’s only going to be more critical that you are in lockstep. By 2020, B2B buyers won’t contact vendors until 80% of the way through a purchasing decision. That’s going to put more and more pressure on the marketing team to reach, engage and convert more qualified buyers.

If your sales and marketing teams keep butting heads, it’s time to bring in outside help. Contact @revenue to look at both your sales process and marketing strategy to align everyone's efforts and create the revenue you deserve.


Tools for Business Development

If you have any responsibility for developing business, you know how time-consuming and taxing it can be. Following up after events, the back and forth it takes to schedule meetings and keeping track of it all can leave your schedule packed and your energy drained. Let’s face it, this is a full-time job for some, but busy business owners have a multitude of other responsibilities. That’s why @revenue is here to give you the best tools in the industry to make your business development efforts not only work more efficiently but also to work more effectively! Check out a couple of our favorites that we have tried, tested and proven to be the best for busy business owners.

EatNGage.
Looking to really wow prospects or find a good excuse to get in front of them? How about you buy them lunch! EatNGage offers an efficient all-inclusive engagement platform that will schedule lunch with your prospects… virtually. Food is delivered and your meeting is done through web conferencing so no one has to leave their desks. You save tons of travel time and your leads have a great new reason to take that meeting. Plus EatNGage offers automated reminders, build in video conferencing and email tracking.

Insightly.
We all know that relationships are the key to business success but how do you manage them all? Enter your Customer Relationship Manager, and for the @revenue team, that means Insightly! Never miss a birthday, followup or forgotten lead with this robust CRM. Build deeper customer relationships and grow your business faster with this all-inclusive tool to organize, document and track your communication. With a handy Gmail plugin and a robust mobile application, Insightly keeps you connected and informed however you work.

Grammarly.
Nothing is worse than when you make a simple grammar mistake in your email. It can mean the difference between getting the appointment and the cold shoulder. More than spell check, Grammarly uses context to ensure that even your typos get the extra eyes they need. Make sure every email and piece of writing is perfect and worth a response.

Mix Max.
The newest tool the @revenue team has adopted is already cutting our correspondence time in HALF! With MixMax you are able to quickly schedule meetings, track your email activity, design followup automations and use templates all at your fingertips. It is every salesperson dream as it not only has a ton of cool features, but it also works right in your Gmail.

Remember all these slick tools and fancy apps won’t help if you aren’t able to build solid relationships. If you are still looking for more business development skills, come to join @reveue at our next Executive Brief. Learn how to strengthen your business development efforts with our relationship-focused sales process.


Manufacturing the Future: A New Sales Landscape

Globally the manufacturing industry has undergone a massive transformation in the past decade. Recessions choked demand, employment continues to fall and the floors and lines don’t have the same consistent flow of work to be done. With all of the nuances between each manufactured product and the manufacturers themselves, what is to be done to start to right the ship and save one of the most critical industries to America’s economy?

While I won’t wax poetic about inventory management or the technological advances on the floor, there is one aspect of manufacturing that lies at the root of its stability and growth. Sales. From small plants to those that sprawl for miles, this one critical function of the organization has been left unattended to. When it comes to advancements that the rest of the business world has already adopted, implemented and reaps the ROI on that manufacturers have done little to change. So what’s the problem?

For decades manufacturing companies have been in constant bidding wars, filling out painful RFPs and letting their prices be driven so low. In doing so, they have trained the market how to treat them, and how not to treat them as sales professionals. With painfully slim margins and a lack of true human connection in the sales process, the manufacturing sales rep is often no more than a bid fetcher, hoping that they are cents less than the other guys, and quickly moving on to the next bid.

It’s time to shift...and fast. In my studies and client cases, when we empower the sales staff to embrace a more proactive, soft and nurturing, relationship-based sales process certain things begin to shift.

Accountability: When you give your team members the processes and tools to get results they get a surge of ownership. They don’t feel as if they’re a victim to the bids and can own their numbers and results...and exceed them.

Bigger Orders: In the process of building relationships reps will typically increase their client's orders by 15-30% over the course of 2 years. It takes knowing the right questions to ask to uncover hidden needs and pain points of client's to really make this kind of impact.

Authentic Relationships: Ever had an order go out late or wrong? We all have, and it hurts every time. But if your team has the experience to and education to build a real relationship of honesty and trust with your customers, you are way less likely to lose the client when a mistake happens.

Client Retention: If your sales team is spending time putting together 100 bids a day and only getting a 3% return, how effective is your process? What if you were able to cut out that 93% of time wasters and create powerful relationships with clients that are GOOD for your business, that are invested in the relationship they have with you and are even willing to refer you business? By cutting out that 93% of the bidding that sucks time, energy, and let’s face it, the will to live out of your team, you get to build a client book of evangelists. Do that.

Talent Acquisition: Sales talent can be hard to find, and in the manufacturing world you are up against a wall when it comes to matching the technical acumen with the sales skills, and these rarely show up on the first day polished and ready to go. Having a consultative sales process that empowers your staff is going to result in the things good salespeople want: personal development, more commission, a more enjoyable work experience and the thrill of winning that BIG client.

All of these things sound great right? Well, they don’t show up magically. The shift has to come from the top - and that means that you, the business owner, must learn how to sell. They will not follow if you don’t lead. And I will tell you, it’s not a workshop kind of lesson. As you embrace a new way of processing sales, understanding the why behind decision making and showing that you are walking the walk it will allow you to hold your team accountable because you will become a credible messenger.

The big question is...are you ready for change? Are you ready for more revenue? And will you be the catalyst or a bystander in the future of your company?

Now is the time to solidify the profit of your company. Let’s find 15 minutes to chat - it might just make you millions.

Click here to schedule https://atrevenuecalendar.as.me/Disco


Sales + Marketing: Finger pointing or handshaking

Most businesses divide their sales team and marketing team into two different groups. At one organization I worked with, they were physically in different buildings... in different parts of the city. But what really is the difference between these two departments? They share the same goals, but their tactics for achieving these goals are very, very different.

It’s easy to get caught up with definitions like, “marketing is from the brand and sales is from a salesperson”. If that’s how you want to differentiate, I’ve got news for you. That sales person IS your brand! To more clearly separate these two facets of your business, I look at it from the messaging perspective. Here is my simplified explanation of these two departments and where the lines start to blur.

Marketing is a message sent to the masses. Like yelling into a megaphone, you say it once and it’s received by many people. For example, think of a TV commercial or a Pay Per Click ad that’s impersonal and doesn’t have a person on the other end sending you that message.

Sales on the other hand, is a very direct message sent from just one person. The message is tailored and personalized for each specific audience. It’s also not as scalable (one salesperson can only talk to so many people).

Now, here’s where it starts to get a little fuzzy. If done right, your marketing can feel like it’s coming from a real person AND your sales team can reach a wider audience.

This is why big data and targeted marketing is so exciting; it crafts a message that is targeted to the individual… but sent to many individuals. When this happens, your efforts have exponential impact.

Don’t just take it from me, here are the facts:

  • Personalization reduces acquisition costs as much as 50%, lifts revenues by 5-15%, and increases the efficiency of marketing spend by 10-30%. (McKinsey & Company)
  • By 2020, 51% of consumers expect that companies will anticipate their needs and make relevant suggestions before they make contact. (Salesforce)
  • Increasing personalization in more channels can increase overall consumer spending by up to 500%. (The E-Tailing Group)

Here’s a couple of great examples where your marketing and sales team needs to work in perfect harmony:

Email: An average office worker receives 121 emails a day and sends around 40 business emails daily (Source). So it’s fair to say that this would be a sales channel,. Right? But wait, what about MASS emails? Those newsletters, automations, promotions and drip campaigns need to incorporate best practices from both departments in order to be effective.

Social Media: With over 2.19 billion monthly active users on Facebook, this must be a mass audience channel, right? Think again. Sure, you can have your marketing team create a bunch of posts, but without a sales perspective and communication style, your engagement and conversation ends there. To be successful, you need to build a relationship with your following, and who is better at building relationships than your sales team? By bringing together your marketing and sales minds, you’re able to attract, engage and even convert a dedicated community.

Sales and marketing are very clearly differentiated in our minds. But aren't they really doing the same thing? Connecting, convincing, and communicating. Any good salesperson or marketer knows that is the key to success.

If you are having challenges connecting with your clients, leads and audience, contact Marie at marie@atrevenue.com