Archive for September 2009

The latest release of ACT! CRM software (2010) includes a feature that I’ve been pushing for and am starting to see as standard fare in CRM – the inclusion of a contact’s social media activity stream. Now, from inside a contact record you can view that contact’s activity on Facebook, LinkedIn, or twitter. Subscribe to RSS for their blog or even custom searches for their industry or competition. In addition, you can respond to something you read right from the record.

The bottom line is that having this kind of data can help fill in the total picture when it comes to a prospect or client and make you much smarter and more efficient in your follow-up and relationship building. I contend that you should be paying attention to this kind of information anyway, so now it’s easier to do.

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Social media activity for a contact displays inside the record (click to enlarge)

Another great feature is the full integration of email marketing. ACT has enjoyed a nice relationship with an email service called SwiftPage. The SwiftPage offering is now fully baked in as a paid subscription option called ACT Email Marketing. This subscription allows you to easily market to any segment or your entire database through email from within ACT! The service has some very robust campaign features (a record can be added to your database and a campaign and automatically receive a series of predefined emails.) Tracking user interaction with your emails sent is also very powerful with this tool, giving you the ability to analyze your hottest leads based on whether they read or take action in response to an email.

Overall I think I like the layout better and search throughout is much improved. You no longer have to back to the lookup screen to find a specific record.

There are many CRM tools to choose from, but for many small businesses ACT! is plenty powerful, simple and low cost. With these enhancements it’s an improved tool as well.

Disclosure: Sage Software, the maker of ACT!, is a client of Duct Tape Marketing and the Duct Tape Marketing Coach Network.

Many marketers have been taught the concept of the marketing funnel. The idea being that you bring leads into the top of the large opening in a funnel and push the ones that become customers through the small end. The problem I’ve always had with that is all the focus is on the chase. I happen to think that real payoff in marketing comes from expanding and focusing your thinking on how to turn a lead into an advocate for your business.

Long ago I started using the concept of The Marketing Hourglasssm. The top half indeed resembles the funnel concept, but the expanding bottom half, to my way of thinking, adds the necessary focus on the total customer experience that ultimately leads to referrals and marketing momentum.

I use the diagram below in workshops to explain the logical path a lead should follow to participate in your fully developed Marketing Hourglass. This concept is one of the key elements of the overall Duct Tape Marketing system, but I could conduct entire workshops around this one slide as it seems to be the easiest way to explain the marketing process in simple and practical terms. At a recent workshop an attendee came up to me and said about this diagram, “I’m an engineer by trade and this marketing stuff never made sense to me, now it finally does.” – I guess that’s the ultimate test.

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The Marketing Hourglass – (click to enlarge)

When you overlay my definition of marketing – “getting someone who has a need to know, like, and trust you” with the intentional act of turning know, like and trust into try, buy, repeat, and refer you get the entire logical path for moving someone from initial awareness to advocate.

The key is to systematically develop touchpoints, processes and product/service offerings for each of the 7 phases of the hourglass.

1. Know – Your ads, article, and referred leads
2. Like – Your web site, reception, and email newsletter
3. Trust – Your marketing kit, white papers, and sales presentations
4. Try – Webinars, evaluations, and nurturing activities
5. Buy – Fulfillment, new customer kit, delivery, and financial arrangements
6. Repeat – Post customer survey, cross sell presentations, and quarterly events
7. Refer – Results reviews, partner introductions, peer 2 peer webinars, and community building

Far too many businesses attempt to go from Know to Buy and wonder why it’s so hard. By creating ways to gently move someone to trust, and perhaps even creating low cost offerings as trials, the ultimate conversion to buy gets so much easier.

In order to start your thinking about the hourglass concept and gaps you may have ponder these questions:

  • What is your free or trial offering?
  • What is your starter offering?
  • What is your “make it easy to switch” offering?
  • What is your core offering?
  • What are your add-ons to increase value?
  • What is your members only offering?
  • What are your strategic partner pairings?

mountainsI’ve added a weekend post routine that I hope you enjoy. Each weekend I write a post that features 3-4 things I read during the week that I found interesting. Generally speaking it won’t involve much analysis and may range widely in topic. (Flickr image included here is also fav image of the week)

Enjoy!

Good stuff I ran across this week

Trademarkia – free online trademark search for names and logos. First really easy way to get this info that I’ve found.

Social Media Strategy – Nice visual display of the components of a SM strategy

Google Wave - what small businesses should know – time to start learning about this.

Image credit: never mind this

Google seems to constantly add little tweaks to all of its various products. The Google Maps search product is inching more and more towards the turf currently occupied by the likes of Yelp and CitySearch. Not content to be a directions engine Google has added a feature that’s being dubbed Place Pages. Now when someone does a local search for a place or business and clicks on the “more info” link for a listing they are brought to a full fledged, often info rich, web page complete with reviews aggregated from other sites, including Yelp and CitySearch. The idea is to present all the information about a place on one page. (I love to play around with the street view camera feature.)

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Of course, all I can think to tell you is – take advantage of the real estate gift and make sure you fully enhance your local profile by visiting the Local Business Center.

You can also find out a little more at the official Google blog

sales doctorI have to admit that part of the motivation for the title of this post is to excite the sales oriented folks out there, but no question, the Internet has forever changed the practice of sales.

Today’s salesperson is often greeted by a sales lead that knows more about the technical or historical aspects of a product, service, or industry than they do. Selling evolved long ago from an act of presenting and closing to one of educating and consulting, but access to information via online sources, rating sites, filtering social media streams, and tools for competitive analysis have once again changed the game.

The game of selling in today’s digital information age has become one of helping a prospect aggregate and filter information and come to the shared conclusion of what value looks like. The salesperson that can best illustrate a valuable outcome wins. I don’t know about you, but from where I sit, that sounds a lot like what good marketing aims to do.

I love to use the medical profession to help make this point. (Doctors have long sold patients on what was best for them!) Years ago you went to a doctor, they diagnosed your problem, and offered a solution. If you were really sick you got a competitive prospective, but for the most part, you took the advice and moved forward. Today, patients have access to information about medical conditions, experimental drug trials, and therapies from alternative practices. Today’s medical buyer is often more informed on new medical directions than treating physicians. Few doctors can expect to see a patient and dictate a solution. The practice of medicine has evolved, in large part due to access to information, into one of helping patients filter information and come to a shared conclusion of the best path.

Today’s salesperson must employ the same online aggregating, filtering, and listening devices as their prospects or prepare to be dismissed as a hack.

Image credit: Lisa Brewster

First off, what is twistory? Twistory is a twitter mashup that gives you a view of the backlog of your tweets, but with a twist. Your tweet history can be added to most online and desktop calendars. Setting up an ical or Google calendar is as simple as clicking on a button. On top of creating an archive of your tweets that goes back as far as you like, it also creates a visual display of your tweet activity that can provide insight into your use of twitter as an individual or organization.

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Screengrab of twistory in Google calendar. (Click to enlarge.)

Here are 3 reasons I think businesses should employ this simple tool.

1) It’s hard to make, or at least realize, improvements in any skill unless you have a baseline to measure your current activity against. This includes your writing and engagement in social platforms like twitter. Twistory gives you the ability look back at your early tweeting activity and measure your improved use. I think this may be bigger than people realize.

2) I tweet my thoughts (every once in a while something intelligent) and sometimes those thoughts are kernels of much bigger ideas that I might want to capture in a blog post or article. The archive allows me to scan through everything I thought was tweet worthy, including links to sites I might need to visit again, in a very user friendly and familiar week by week view.

3) Using a shared calendar, such as Google, an organization could use twistory to pull everyone’s tweets together on a timeline for easy viewing and monitoring as well as (if this met your objectives) scheduling. If you use twitter to provide customer support this might be a way to collect somewhat common questions and answers for training and static content placement.

There’s something about the visual presentation of data that makes it immediately more useful to me.

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small business webinarsWas a time a few years back when I would tell audiences of small business owners that “if they did not have a website, they weren’t really in business.”

Fortunately, small business owners have taken heed and now most concede they must indeed embrace the Internet – of course, now that’s really not enough is it? My soap box speech these days has evolved to something more along the lines of “if you’re not participating in social media and building a total web presence, you’re not really online.”

Even though you may think you have one of the world’s coolest websites, if you aren’t constantly adding educational content, finding new ways to connect with your markets online, building community around your ideas, and ultimately using your website as a tool to convert know, like and trust into try, buy, repeat, and refer – then you stand little chance of competing in your chosen industry these days.

I know you’ve heard plenty of late about social media, but this is really a bigger idea still. What I’m talking about is the total integration of your online and offline activity through the use of a primary web hub.

Want to learn more about this notion? Join me Wednesday, September 23rd at 2pm EDT for a free webinar, sponsored by Verizon, titled – How to Get More from Your Small Business Website. Enroll here. Looking forward to expanding your view of the web!

Cheeseboard pizzaMany times business owners and marketers look for ways to create innovations and points of differentiation through elaborate technical add-ons or by attempting to create entirely new product or service categories.

From my experience, one of the best way to create an innovation or differentiation for your business is to take something people already understand they may want and need and make it even easier to want, need and understand. In fact, the true test of this theory is when you can create something so simply brilliant that people can and do explain it to their friends with ease.

I witnessed a stunning example of this on a recent trip.

Pizza is a pretty mature category. Delivery was a huge innovation in the industry years ago, but it seems like tinkering with the crust and baking variations is all that’s left to work on.

The Cheese Board Collective Pizza, in Berkeley, California has created a dead simple innovation and incredible point of differentiation and it’s made for a very healthy, buzz worthy business.

The concept is this. Instead of serving up a menu of pizza variations and cooking each to order the restaurant offers one unique pizza each day as it’s only menu item. I was there on a Friday night and the line for pizza ran out the door and down the street for some time. Patrons order any amount of the pizza they like at $20 per pizza and, as seating is very limited, often plop down outside and around the store and eat picnic style while listening to a jazz trio. The fixed menu, fixed price, make it in quantity approach allows them to serve thousands a day, but the pizza was also one of the best I’ve ever eaten. While it would difficult to capture the cult-like following this place seems to enjoy, it sure looks like a duplicatable concept waiting to happen!

A couple other important mentions that add to the differentiation – the pizzas are always vegetarian (narrowing their market a bit, but hey, it’s Berkeley.) They use higher end ingredients, such as organic crimini mushrooms and goat cheese, as their business model allows them to make great margins. The business model, as the name suggests, is a collective. All twelve employees own the business, are paid the same, manage the business, ring the registers, bake the pies, and wash the dishes. Profits are shared and reinvested in the business.

So, how could you strip what your business or industry does, something people already get, down to a simple innovation and create an innovation that anyone can understand, buy and talk about?

Image credit: keenduck