Showing posts with label washington. Show all posts
Showing posts with label washington. Show all posts

Wednesday, February 12, 2014

How to Bulk Up Your B2B Sales

From INC.com

Acquiring new clients can be particularly challenging in competitive B2B industries. My own company, WordStream, competes with other search engine marketing software and service vendors in an incredibly noisy space, filled with highly skilled Internet marketers. Even so, we've managed to sign up a few thousand customers in just three years. Having a solid product is a must, but beyond that, how can businesses cut through all the noise to connect with clients at scale?
These five tips will help position your business as the best choice for B2B prospects and provide them with everything they need to comfortably and eagerly come on board.

1. Display Thought Leadership

This is an incredibly effective but underutilized strategy. When clients seek out information about you and your company (and they will), it's important that what they find underscores your expertise and authority.
Writing is an effective way to demonstrate thought leadership, whether on your company blog or in industry publications. Focus on high quality, engaging content your audience will appreciate and want to share. If you aren't a fan of writing, try other forms of media like video or podcasts to create content that showcases your extensive knowledge about your industry and market. Thought leadership might also mean teaching or public speaking. Seek out opportunities to present at conferences and begin to build your reputation as a go-to person for relevant, accurate information and always make yourself available for interviews.
Use social media to amplify your content, but also to network and participate in conversations relevant to your target market. Twitter chats like #ppcchat, for example, are a great tool for budding thought leaders. Conversations are organized around a hashtag and open to anyone who wants to participate. Depending on the organizer, there may be scheduled events or simply an ongoing, open conversation. TweetReports offers a fairly comprehensive schedule of Twitter chats--see if you can find one relevant to your business.

2. Build Brand Ambassadors Inside Your Company and Out

Employees and existing clients can be fantastic brand ambassadors, helping to spread and reinforce the good word about your company.
Encourage employees to participate in social media and get comfortable with establishing thought leadership of their own. Getting your team behind the company message and involved in the industry offers a number of benefits: employees are more invested in your success, feel supported in their career development, and become a point of contact for prospects across social channels. Have clear social media policies in place and monitor all activity around your brand, whether by staff, your marketing team, or the larger community.
Social media has also opened the doors for customers and clients to become brand advocates. Remember when a client testimonial on your website was a ringing endorsement? Everyone has testimonials on their site now; you have to dig deeper. Prospects have no problem seeking out existing clients of yours and asking about their experience. Nurture your client relationships, educate them about your product or service, and encourage interactions around your brand to get maximum benefit from this existing relationship.

3. Know Your Ideal Client and Where to Find Them

If you could pick and choose your client list, who would they be? Once you've identified the people and brands you'd really love to bring on board, you can get to work discovering where they "live" online, what they're talking about, what their interests are, and other information that will help you connect.
Bringing a new client on board can be a costly investment; it typically costs five times as much to acquire a new customer than to generate new business from an existing one. You need to make sure the prospects you're drawing in deeper are the right fit for your company.
At WordStream, we assess prospects using a unique RFP process by which we examine their goals, past performance, and business model before choosing to bring them on board. We don't take on clients that are not a good fit, and you shouldn't feel pressured to, either. Focus on building a happy client base by putting the legwork into ensuring an ideal match before committing.

4. Be Real.

Embellishing or making lofty promises is a sure way to disappoint prospects. Be honest and upfront about what you offer so if it's not a good fit, neither of you waste your time. Is it really worth nurturing a lead you can't convert to a happy customer?
Being real means truth and honesty in your advertising. It means underpromising and overdelivering, rather than making commitments you won't be able to keep. It prevents negative feedback about your company by ensuring that in every case, with each new client, you've set yourself up for success.

5. Understand Your Prospect's Path to Purchase

As I said earlier, B2B purchases and onboarding can be a lengthy process. The person you are dealing with--your actual prospect--has to convince others within their company that your product or service is the best option.
Doing so requires information they can take to the table to educate themselves and their peers, then weigh it against other information they undoubtedly have from your competitors.  You need to understand what type of information is going to help your prospect decide at each point in their decision-making process.  Initially, they may be looking for a simple overview with highlights--but what format do they prefer? What channels are they using to seek out that information? When will they be ready to move on to more in-depth information and what is the best way for you to recognize that next step?
Map out your understanding of prospect-buying journeys by creating a number of personas representing different facets of your desired client base. This is a critical first step in better understanding your prospective clients and how to best reach and resonate with them. As you obtain more data, you can use it to build out and fine tune your personas and buying-journey maps.

The Secret to Winning New Clients

Okay, so it's not exactly a secret--a lot of business people know this, yet few manage to perfect the art of maximizing the opportunities already available to them. Winning new clients doesn't mean you have to come up with some crazy new marketing strategy; it's quite the opposite. You need to determine where you're falling down, where you're losing prospects, and close those gaps. My colleague, Perry Marshall describes this as a unique twist on the Pareto principle: 20 percent of your skills produce 80 percent of your results.
Focus on improving your existing client relationships, empowering employees to be brand ambassadors, and better understanding exactly what it takes to convert a prospect to a client. Home in on and really perfect that 20 percent of your efforts that produce 80 percent of your results. You end up with more effective marketing and a stronger overall business presence that prospects can't resist.

Wednesday, January 22, 2014

7 Ways to Start a Great Day

Some people find mornings filled with optimism, while others would just as soon stay in bed until the clock passes the noon hour.  For most, however, the workday beckons and the morning is a mad rush to get everyone ready and out the door. By the time you reach the office, you've probably already dealt with the stress of family, weather, traffic and other distractions. Unless everything goes perfectly, you'll carry all that stress into your office and share it throughout the day with your employees and colleagues.
Fear not,  it is possible to get the day started right, no matter what comes your way.  Try one of these tips each day of the week or combine them. Either way, you'll start out on your terms and be prepared to make it a great day.
1. Plan the night before. Why start your day unorganized? If you organize your to-do-list, breakfast menu and your clothes the night before, you'll wake up feeling in control and relaxed. Taking 20 minutes to lay out everything can save you a 30-minute fashion crisis or search for the car keys. With a little efficiency, you'll save the frustration and scrambling, leaving you ready to tackle more important issues.
2. Try 15 minutes of meditation. Some might be afraid that a meditation session early in the morning could just put you back to sleep. But genuine meditation actually stimulates the brain in a deep and thoughtful way. It allows you to clear distractions from your mind and purge negative energy. Center yourself with thoughtful introspection or prayer and be open to the positive energy the world brings your way.
3.  Begin with inspirational reading. Part of my morning ritual easily allows for reading first thing. Many read the news, which can be a sad way to start the day. Buy a few books that are uplifting, inspiring, or even humorous for your first brain stimulus. This will give you positive, fun thoughts to keep you energized throughout the day.
4. Open your eyes to fresh flowers. If the first thing you see when you wake up is a dingy wall or barren winter yard, you can certainly improve those critical few minutes with a pleasing splash of color. Research suggests that exposure to bright colors in the early morning raises your spirits and energy. So pick up a pleasant bouquet every few days and set it right in your view.
5. Trade coffee for green tea. Coffee is a great stimulant, but sometimes it can over-stimulate and the acid can make your stomach uncomfortable. Try a soothing cup of green tea to start instead. You'll still get the caffeine you crave (just a bit less), plus healthy antioxidants. It's cheaper and healthier than a double caramel mochaccino, too. You can still get the java mid-morning if you want it, but you may find you don't even need it since the crash won't be as severe.
6. Do some yoga. Exercise is a great stimulant to wake you up, and make you feel good. It's good for the body and pumping those endorphins makes your mind happy and alert.  Cardio is great, but for the whole body approach, add a little yoga into your routine. You'll control your breath, stretch your muscles and generate energy. Your body and mind will be one and ready to conquer the world.
7. Schedule a hopeful appointment. I never feel more energized getting out of bed than when I have an important meeting about an exciting opportunity. The prospect of a fun and productive encounter usually wakes me with a smile and often without an alarm clock. I purposefully schedule as many meetings like this as possible. That way I get as many great days as I want.