Author Archive
The Generation Of Business Sales Leads, A Global Concern
by Wade Henderson on Aug.17, 2009, under Email Marketing
During a lead generation conference in Las Vegas this year, 1400 participants and 650 business sales leads discussed the trends on the market on this topic.
The quality of business sales leads is essential. How do you measure the quality of a lead? A score lead quality was presented as follows:
Matching supply and demand: 60% of the quality grade. Of course, all sellers of leads do not yet have a system for matching.
The relevance that the information will have to the user was rated with a 20% of importance. It is important to verify that the information about the applicants is correct. In order to verify this, business sales leads companies are expected to confirm it either by phone or the internet.
The ability of the business sales leads to predict whether a customer will have intention of purchasing is considered with 20% of importance on the quality of a lead. Generally, leads are only useful after a period of 6 to 12 months and after having been verified.
The speed at which the business sales leads are processed is another major concern that raised some discrepancies amongst the participants. While some advocated for a speed measured in days, some thought days later was more appropriated. After some discussion, it was clear that reminding over the phone in a matter of minutes or hours was the best choice.
In order for the business sales leads to give good results the customers need to be reminded. There is a strong possibility of leads turning into sales when the customers are reminded by the companies (30% efficiency on reminders of the day, even on the following day). Calling customers back is improves the prospects of a sale, improving the speed is crucial.
In times of economic crisis, selling become challenging. However, the goal of business sales leads is potentially connect those who offer to those who demand services or products. Putting it into perspective, it is a promising method of creating sales when the aspects mentioned before are considered.
Efficient Web Hosting Says A Lot About Your Business
by Wade Henderson on Jul.22, 2009, under Advertising
The first step of a new business entrepreneur looking to create a website is finding the right web hosting. The price you pay for your web hosting will depend on how accessible and available you want your website to be. Your decision of web hosting will have a great impact in how people perceive your business.
It will show when you find great web hosting for your site. An example of this is when the site is always available in spite of problems with the server. Additionally, a good server will provide efficient configuration that allows people to access your site and is not affected by traffic. When you find all of these requirements in a webhost you have a done deal.
However problems with the functioning of websites happen all the time. Bad luck happens to everybody, even with good web hosting. If your website is a source of income for your business, having access to it is crucial for your sales. If your site is down, you lose business. If by contrast, yours is not a commercial site, it still represents a loss but not as substantial. Lack of efficient web hosting will give your site a bad reputation if people are not able to access it.
Losing your money due to poor web hosting is one of many reasons to pay attention to this topic. It can also result in customers not being able to read their emails through your site or check information about their purchase. The messages may be returned to them. If this happens, customers will end up thinking that your business is not real.
We strongly recommend a careful selection of web hosting providers because of the so many advantages it brings. An efficient web host will notify you whenever there is a problem, or let you know before they happen. It is impossible to predict when bad things are going to happen, but there are hosts that would compensate you if your loss is significant.
In order to avoid problems, we also recommend keeping hard and electronic copies of web hosting plans handy. Keep in mind that though good providers may be more expensive, in the long run they may give you more benefits that the others.
The Use Of Links On Email Marketing
by Wade Henderson on Jul.02, 2009, under Email Marketing
One of the key elements that generally helps to distinguish direct marketing campaigns from advertising is the fact that a marketing campaign seeks to provoke an action more or less immediate in the receiver.
Email marketing provokes quicker actions in the receiver than advertising or direct marketing do because of its interactive nature. The receiver may respond immediately or not to respond at all.
Email marketing’s response occurs most frequently by clicking on a link, but it may take other forms, such as calling a hotline or a callback request. Its primary goals are the ultimate goal is the transformation or the transaction.
Different techniques must be implemented to motivate clicking on icons or to send emails.
Even when the proposed action is implicit, the user should be encouraged to move as soon as possible to the action. For this email marketing uses words or forms of action. Here we find a well-known phenomenon of online advertising by which the presence of mention of the type “click” on a banner advertisement can increase the rate of clicks, while of course the audience knows that the image is clickable.
The formula used may be a word that recalls the need for immediate action to avoid a phenomenon of procrastination.
In email marketing everything has to do with the ability to click on something. Therefore, recipients of emails need to find it easy to click on the information. The message has to be highlighter in order to stand out from the rest of the text.
When put to the test, texts with links and images, the winner is the first one. People seem to be more prone to clicking on links with text than on images. When the purpose of your email marketing campaign is to inform the customer of your product, use links that lead them to images of your products and refrain from going through too many pages to do it.
There is a proliferation of the usage of links in email marketing. If the message is relatively long, do not hesitate to increase the presence of a link within the message. It is always to offer the user a link to visual range and a mouse, without recourse to the lift frame is necessary.
The use of an accelerator or incentives in email marketing. As in traditional direct marketing, an accelerator in the form of a bonus or gift reserved for first responders or linked to a deadline for response is a technique to increase response rates.
Telemarketing As A Means And Not An End In Itself
by Wade Henderson on Jun.25, 2009, under Email Marketing
Telemarketing is a direct marketing tool that has gained relevance in the last few years given that it uses new information technologies and applies them to business development.
Telemarketing forces marketing professionals to learn more about the specific areas that this new trend affects in the sales world. In order to improve sales, marketing professionals need to understand how telemarketing works, what and how it is used for, and what its main advantages are.
Telemarketing is the use of innovative information technologies in the marketing of products and services in retail sales.
Telemarketing involves the use of telecommunication systems and equipment. It is true that the phone continuous to be one the most useful tools when it comes to telemarketing campaigns. However, it is important to keep the factor of innovation in mind because it implies introduction of new technologies to change things.
We need to keep our minds open in order to find the relation between existing technologies for telemarketing to continue to develop. New technology that is user friendly, accessible and creative.
Call centers are a great example of these types of adaptations. Nowadays some call centers are using instant messenger to solve their customers’ technical problems. There are representatives whose work is to chat with customers to help them solve their problems.
The use of Voip is becoming more and more popular to place calls to other countries from the internet. Voip allow companies to place calls from a computer directly to a customer’s land line or cell phone.
Telemarketing is broadly used an instrument for person to person sales. This is important for two reasons. The first one is because the customer and the sales person need to have a close relation in order to make business.
The other one, is that even when telemarketing is oriented almost only for sales it does not substitute the personal contact of a seller by any means. Telemarketing is a tool for sales and when it works effectively it saves money and time that would be dedicated to transportation and others. Sales people and technical support technicians do not need to visit customers as often as in years past but it does not mean they never will.
Cost Effectiveness Does Not Work On Sales Leads
by Wade Henderson on Jun.17, 2009, under Email Marketing
When it comes to sales leads, quality is better than quantity. Instead of worrying about the cost per sales leads, companies must really focus on how profitable they become once they turn into sales.
It is important to understand that the relevance of the sales leads in order to justify their costs. A company is generally unaware of how many sales leads it takes to get a sale, and what the cost of this really is.
Marketing people have the tendency to focus only on the cost per sales lead. This happens because they do not know what happens with the sales leads once they are sent to the sales department. This is one of the reasons why it is important to close the feedback loop between sales and marketing departments and why it is key to have a management process of leads.
The acceptance of sales leads in the sales pipeline is essentially a qualification task. There are many factors that influence the process like training, improvement of process management, and other. However, the quality of the leads is a factor that has great incidence on the real ROI of sales leads generation programs.
In the model of “sales leads cost” there is a tendency to decrease the cost of each lead. This is not negative if the quality does not suffer. However, this is rare because there is only a limited number of high quality leads for a specific period of time.
The key questions to ask are:
Are these leads helping the sales department to sell more?
Will these leads turn into loyal customers?
The pressure put on the marketing department drives them to take less time and effort into carefully qualifying the sales leads.
The truth of the matter is that unqualified sales leads can likely be translated into important input losses for your sales department, and therefore affecting your bottom line. Unqualified leads take up your salespeople’s time and money. And this is why we cannot measure the cost of sales leads using this framework.
Forcing sales leads and generating more activities for the marketing department ends up in the long run, giving a bad reputation to marketing.
Use Internet Marketing To Get To Know Your Customer
by Wade Henderson on Jun.13, 2009, under Email Marketing
Ever since the dot com era companies have been enhancing the tools and features of software that allow us to use internet. More and more people around the world are using the internet. This is the reason why internet marketing is such an appealing concept. Before your company enters the world of marketing over the internet, make sure you think about the following information.
Customers do not use the internet solely to buy products and services or to interact with companies. Internet is not always used for professional purposes but for fun. People share information about the topics that they are interested in, do research and to have fun.
People do not generally believe in what companies say about their products or services. They turn to a company or a product in particular because someone in their network has told them good things about it. Internet marketing can use this to its advantage by having people share their ideas about products.
There is a lot of information you can find over the internet. People cannot always filter but they are seeking the one that tells them something they do not know, something they can use in their lives. Internet marketing can be a tool to providing customers with information about the products that they can use before or when buying.
Companies should take their website seriously because they are the portal that potential customers use to know about your company and your product. Internet marketing seeks to rid the customers of the bias they might have about it.
Internet marketing strategies are aimed at capturing people’s attention, motivating them to read on, or to stay on a little longer, to excite, to provide a high quality service, etc.
Prospects create content, dialogues, and discussions around brands, even when these companies have never requested it.
Effective internet marketing is fresh, creative, entertaining, informative and appealing to the customer.
Your company needs to learn how to speak the language of the customers it is trying to attract, this is not easy task. Making it happen creates bonds between you and your customers and a sense of empathy for their needs.
A form of Internet marketing is the creating of forums or spaces where people have the opportunity to interact and share ideas about certain products. You may also use these spaces to tell the customers about your commercial process.
Internet marketing will allow your company get the customer to listen to you or pay attention to your messages.
Next Generation Business to Business Leads
by Wade Henderson on Jun.02, 2009, under Email Marketing
Companies that sell to businesses are always on the look out for good Sales Leads. If you are like me, you have tried all kinds of different ways to get leads. Telemarketing Programs, Internet Marketing, Flyers, Door to Door, Radiothe list goes on.
As we all know, these methods all do work, but we also know you can not rely on just one source for your Business Sales Leads. And well all feel the same drawback is that whether the advertising works or not, it still costs us money.
One source I have tried is Internet Leads, which are great in the fact that many of them are people that are in the buying process at the time the Sales Lead comes in. The biggest issue I have with them is that many of the companies that sell leads will send the same lead out to 10 or more companies for a fixed per lead price with no regard for the person filling in the lead or the people that are following up on the inquiry. Worst of all for the company buying the lead, you bought the lead whether you sold or not. If you knew of a company that offered Sales Leads which they only sent out to one or two select companies and you did not pay for them unless you actually closed the sale, would that be something you would be interested in?
There is a company that does just that. You do not have to prepay for leads, sign a 1 year contract, pay a huge retainer to be held in escrowany of that.
Real Leads sent in by motivated buyers sent to you as soon as the lead is sent in. And like I said, you only pay when the lead turns into a sale.
My company has been using these leads and I am more than happy with the quality of the leads and I do not need to spend tons of money to try out the leads.
The name of the site is Pro-BargainHunter.com. There are over 125 different categories of products and if your product is not on there it can be added according to the Pro-BargainHunter.com Management Team.
I have never written an endorsement for another company before. I am so pleased with how the leads work I wish I could have had this system years ago, but that is the way with anything good isn’t it?
Do yourself a favor, if your company sells to other companies, check out the site at Pro-BargainHunter.com.
Wade Henderson President IMMFinancial.com
The Good and the Bad of Telemarketing
by Wade Henderson on Jun.02, 2009, under Email Marketing
One of marketing strategy could very well be to use the phone to sell your products and services. Phone sales or Telemarketing is an extended and widespread method to efficiently contact your customers and close sales. Because of the nature of Telemarketing you depend only on your words and tone of voice to close a sale. Be aware that effective phone skills will show your personality over the phone. Telemarketing has both advantages and disadvantages. Here we show you a list of some of them.
Positive aspects of Telemarketing
It is far-reaching. From your cubicle, your salesperson has the information of hundreds of customer and he or she does not need to hop in a car and visit one by one. Moreover, it is easy and quicker to talk the customers about new products and services.
It is collaborative. The seller establishes conversations with the customers rather than just looking at number or profiles.
It has the potential of adapting to the flow of the conversation with the customer. Communication changes as the conversation changes. Telemarketing and the information systems that allow it, provide up to date information about customers.
It can be measured at every step of the way. You can constantly gather information that can help your company make in-depth analysis of its activities and change the course of actions if needed.
It is fast moving. Phone calls are short, actions are implemented promptly, the responses of the customer also come rapidly, moreover the sales and its results are in real time.
Telemarketing. The Bad.
Probably the most important one is the lack of visual contact with the customer. This big downfall of Telemarketing, may even hinder the acceptance of customers towards your products.
2. A telephone conversation can be easily forgotten once you have hung up the handset. It is therefore necessary to confirm in writing, even through a simple letter, phone conversation
3. In order to obtain the desired results, a company needs to position the product in the market prior to the Telemarketing campaign. Otherwise, the customer will not know the product or service.
What Sales Leads Management Can Do For You
by Wade Henderson on Jun.01, 2009, under Email Marketing
Working in the Sales Department of IT companies must be really stressful. Some of the sales people that work there are told to ignore all sale opportunities which cannot be instantly translated into dollars. The truth is that often these sales people are not given useful sales leads but only inquiries. Inquiries cannot easily be translated into are not sale-ready leads because they represent customers who only wanted to find information about one of your company’s products but it does not qualify as a sales lead.
Studies show that from all of those inquiries your sales people get, only a maximum of 15% become sales. If you sales department are given only inquiries, then their times with unlikely customers will be a waste. In the process your company will spend useful resources, and your staff will be frustrated and become distrustful of information supplied by the marketing department.
The solution to the conundrum is to improve the management of sales leads. Research has shown that the more successful your company is to efficiently manage sales leads coming from marketing departments, the better it is at having the sales department close the deals. The important issue here is to qualify leads.
However you decide to do it, the most important thing is that the definition is agreed upon and accepted by all concerned parties and that it has all the specifics of the type of product and what needs it covers, of the customers that they are marketed to, their purchasing processes, and the vendor and its sales process.
Apply a clear criterion of what constitutes a good lead has key implications in terms of which of them are transferred for follow-up sales-ready leads and which will continue to be treated and developed by marketing through nurturing, and in general all activities of leads management.
Failing to improve your sales leads management, and not defining criteria that separates good leads from bad leads will bring mayhem to your company. Both your sales and marketing departments are likely to have frictions and misunderstandings. Your sellers will think sales leads are a waste of their time, and you will spend money in monitoring sale generation. Ultimately, your company will be unable to accomplish the goals it has set for itself.
Importance Of Quality Management In Your Sales Leads
by Wade Henderson on May.30, 2009, under Email Marketing
The sales departments of IT companies are under enormous pressure to make their figures and this leads them to overlook any opportunity that is unlikely to be translated into a short term sale. However, many marketing departments do not supply qualified leads as raw material, but only inquiries. The difference is important: an inquiry is someone who seeks information about our company or products, but that is not a lead. A lead is only when it has been qualified.
Studies show that from all of those inquiries your sales people get, only a maximum of 15% become sales. If you sales department are given only inquiries, then their times with unlikely customers will be a waste. In the process your company will spend useful resources, and your staff will be frustrated and become distrustful of information supplied by the marketing department.
The solution to the conundrum is to improve the management of sales leads. Research has shown that the more successful your company is to efficiently manage sales leads coming from marketing departments, the better it is at having the sales department close the deals. The important issue here is to qualify leads.
However you decide to do it, the most important thing is that the definition is agreed upon and accepted by all concerned parties and that it has all the specifics of the type of product and what needs it covers, of the customers that they are marketed to, their purchasing processes, and the vendor and its sales process.
Apply a clear criterion of what constitutes a good lead has key implications in terms of which of them are transferred for follow-up sales-ready leads and which will continue to be treated and developed by marketing through nurturing, and in general all activities of leads management.
On the contrary, not implementing a formal definition of what the company is a good lead on which they agree upon in terms of sales and marketing ends up in frictions and mistrust between the two departments, for wasting sellers’ time and marketing resources on monitoring or the generation of useless leads and ultimately, failure to achieve the business goals.
