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Posts Tagged ‘outbound marketing’


10 Cost Effective Ways to Market Your Business, Part 1

July 12th, 2010 ::

As all of us small business owners know, marketing need not be expensive, but it does take some time and effort.  About 6 weeks ago, I signed up for yet another great webinar sponsored by the American Marketing Association called 10 Cost Effective Ways to Market Your Business.  It was so packed with great information that it’s going to take me two blog posts to write about what was included. 

Before I share what I learned, keep in mind this standard rule of thumb when marketing your business: 80% of the information you publish should be valuable content, while 20% can be pure promotion.

10. Tie Your Company’s Promotions Into Daily or Monthly Events

Ever hear of Chase’s Calendar of Events?  It is really cool and a very useful tool for marketers.  For 42 years, they’ve been publishing a yearly calendar that lists everything from celebrity birthdays to monthly celebrations (think National Black History Month).  From the truly obscure (July 1—the day I’m writing this post—is Midyear Day in Thailand) to the historic (the Battle of Gettysburg took place on July1 in 1863), there are several items listed every day of the year that, if you get creative and think ahead, you could base a promotion on.   

9. Tap Into Your Network

The companies and people you work with are great sources of information and shouldn’t be ignored.  Share leads with partners and solicit feedback from vendors, especially for new products or services. Don’t forget your customers, either.  Use feedback from them as the basis for a research study.  Publish and share the study with them (and potential customers).

8. Syndicate Your Content

Blog syndication is really underutilized, so tap into it.  (Syndication means something is published in more than one place—think advice columns that appear in newspapers nationwide.)  First get a Creative Commons license to ensure you retain the copyright of your content when it is re-published.  Then look up blogs where the subject you want to write about fits in and that also accept non-original content.

7. Get Yourself Some User-Generated Content

Adding user-generated content to your website takes some organizing but is a relatively easy way to goose inbound marketing. Three ideas: Ask vendors, customers, and partners to guest blog for you.  Add a forum to your website; topics could include help/support, news, info, industry gossip, product or service ideas, etc.  Put together a blog series written by experts in your field.

6. Don’t Forget Outbound Marketing

Posting on other sites is important, too.  Write a review on Amazon.com for a book written about your industry, answer questions related to your field on LinkedIn, post on companies’ Facebook walls, and be sure to share all of the content you are creating on social media sites: LinkedIn, Facebook, Twitter, etc.

Continue reading by checking out the next blog post on this topic here.

Six Things You Need to Do to Build a Sales Pipeline

January 26th, 2010 ::

People get thousands of sales messages and pitches per day and it only is getting more saturated. How do you get more customers with so little time to get your message in front of them and acted on? They say it takes six impressions for people to remember a sales pitch or message.

You will need to utilize different channels where your audience is located. This could be email newsletters, search engine advertising, cold calls, letters, etc. This is a mix of inbound and outbound marketing and in order to build your sales pipeline we have identified six things you need to do to get that pipeline to grow and produce results:

1.)  Perform Outbound Marketing Activities

  • Networking with existing friends, colleagues, and acquaintances.
  • Attending industry/trade meetings and walking the floor
  • Securing speaking engagements at local and regional associations or interest groups
  • Hosting breakfast meetings people in the circle of who you are looking to connect with
  • Cold and warm telephone prospecting
  • Direct mail/e-mail/fax prospecting followed up with direct telephone calls

2.) Reinforce brand with inbound marketing activities – this includes e-mail newsletters, podcasts, search engine optimization, white papers, and social media tools (blogs, Twitter, Facebook).

3.) Set Metrics – These can be a variety of things and Bnet.com sums it up well – “Measure the performance in each stage of the process, benchmark, and establish the potential for improvement. This allows you to trade off strategies, such as investing in after-care versus A&P, account management versus tele-sales. It also helps you prioritise key initiatives, and incentivise teams around the biggest value drivers. The absolute key to success is finding ways to collect good quality information without creating a paper-chase for the team That will provide them with added value in their roles. Involving the sales team in developing this is critical.”

4.) Follow up – You know, many people work so hard to get your information or they meet you and never reach out even after having identified the need for your offering. Follow up with a hand-written letter or send them an email to schedule a meeting or a quick call. Many people don’t like the interuptions of a phone call unless they asked or you have asked a gotten their permission. I know that nothing that irritates me more than getting a number on my cell that I don’t recognize and answer thinking it might be important and the sales person tries to pitch me at the wrong time.

5.) Add them to the pipeline and keep up the activities - You have to keep up the activity. I know this sounds like a law of numbers and in most cases, it is. Keep the pipeline full and keep selling because you will close some and will lose some. The most important part is that you get out there and sell.

6.) Track your response rate and successes AND learn from them – This means that you will lose some and probably lose many deals. Learn why, was it turn around time or pricing or capabilities. Try and really learn what is getting you the sale and what is not. Also understand how they found out and what marketing activities worked. All of this will help you as you cycle back to step one and do this on a regular basis.

What is Working For You?

So what is working for you to build your sales pipeline? Are you following a process like this? What activities are you engaged in? Leave a comment so we can learn from you.