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Posts Tagged ‘Database Management’

Warming up prospects? The truth about cold calling.

Tuesday, February 16th, 2010

The last thing a sales associate wants to hear from his manager is “make these cold calls.” Truth is, if you’re selling B2B cold calling is NOT going to work. Why? Sales turn on calling to get leads and turn it off when no value is yielded. Cold calling is hit-or-miss because, more often than not, the approach is not aligned to your sales process. So consider this: what if your approach to calling is the problem, not a lack of interest? We know its marketing’s role to prequalify and warm up suspects, to build the sales pipeline and scrub databases. Truth is that, when integrated and timed with online/offline direct marketing tactics, teleservices can be a cost effective marketing tool to pre-qualify suspect lists, boost event registrations, and/or improve customer relations. When used strategically, teleservices can succeed in converting target audiences, heightening awareness, obtaining new contacts, scrubbing databases, and gaining business intelligence. How?

Ask yourself the following questions. If you answer “no” to any, you need to adjust your approach and refocus your marketing efforts to warm up your calls…and your prospects!

  • Do you have a call-to-action/compelling event?
  • If yes, is it strong enough to create demand?
  • Have you properly, specifically identified your target audience?
  • If yes, are you reaching them?
  • Do you have something readily available that the caller can leverage real-time on the phone?
    i.e. 15 minute demo or free 30-day trial
  • Have you evaluated how teleservices fits into your unique sales process?

Let marketing build your product sales pipeline

Tuesday, December 22nd, 2009

Yes, I said marketing. When it comes to B2B product sales, we believe that sales and marketing should work as a team, with separate roles but a shared aim—shortening the sales cycle. The way we see it, marketing’s primary role should be prequalification of suspect lists to build the sales pipeline and provide cleaner databases. Marketing should focus on suspects, freeing frontline sales to concentrate on customers and prospects already in the pipeline and ready to purchase or upgrade. So how does marketing prequalify and warm up those suspects? With integrated lead generation programs—like webinars, trade shows, partner marketing, sponsorship with trade affiliations—or isolated online and offline tactics, or timed teleservices with pre-call tactics (NOT “script-read” cold calling). Know your role and success is yours!

Building a community of life sciences professionals across a rarely accessible audience

Friday, December 4th, 2009

To build a community in the pharmaceutical market, you must first understand your target constituents and then build their trust with your communication approach. For example, microbiologists working in the Quality Control (QC) department are very difficult to reach in a real-time fashion, especially for that initial door opening conversation. Unlike their colleagues in the Research & Development (R&D) and Regulatory departments, QC Micro professionals are rarely at their desk. Instead, they might be taking test samples in a clean room or processing results in a lab. With an audience profile such as this, it is even more important to provide convenient access to your information and offerings; be available online and build trust with a peer-to-peer approach. Establishing recurring webinar events, which are recorded and made available on your website, and require client input and experiences and partner sponsorship, creates virtual interaction between your company and your current and potential clients. A trusted community for scientific discussion is established, providing that door opener for sales follow-up.

Customer relationship management: Friend or foe?

Tuesday, December 1st, 2009

Need a disaster recovery plan for your company’s database? That depends. How do you and your sales team manage your contacts? Would all of your contacts be lost or in jeopardy if your computer crashed or one of your sales guys left tomorrow? If you rely upon many different documents, in many file formats, kept willy-nilly in multiple locations, and maintained haphazardly by many individuals of your team, then you desperately need to reevaluate your approach to customer relationship management (CRM) strategy. It’s a matter of protecting your company’s most important asset—its database. Without it, sales and marketing can’t be effective. I don’t care what you use— Salesforce.com, Microsoft CRM, ACT, or Siebel—but you do need a central repository and a database management process.

And it’s not as painful as you think. We all know that mandating a sales guy, focused on sales commissions, is not going to get the job done. But, if you assign a marketing resource to play quarterback, and status suspect lists and customers and prospects at regular intervals, the marketing team will be effective in reaching intended targets, and in turn, the sales team will appreciate it. It’s a long-term investment that will allow sales and marketing to better work together.

Suspect your suspects are actually prospects?

Thursday, November 19th, 2009

Foundational to even the most basic understanding of the sales process is the ability to clearly distinguish the key players to which our efforts are directed: Suspects, Prospects and Customers. This is especially vital because those efforts should follow different strategies based on the target. While we can all comfortably define a customer, the distinction between suspects and prospects isn’t always as apparent. Not to be confused with a prospect, a suspect is an individual identified based a potential need for your product—usually procured from list purchases, trade events, or pulled from various free online and offline sources. In order for a suspect to become a prospect, marketing must raise awareness of your product or service. When awareness becomes demand and your suspect demonstrates interest, you should then consider he/she to be pre-qualified prospect. Move them into your sales pipeline!