How to choose your marketing and sales automation software

How to choose your marketing and sales automation software

One of the common questions I field is which tools are the best to automate sales and marketing processes.

The right answer is that there is  no right answer.

There are just so many tools out there that may do a really good job for you, some need to be stitched together with others, but there are a few that offer all singing, all dancing solutions.

The latter are usually not appropriate for the needs or IT resources of small and medium enterprises, who typically lack the knowledge  and resources to do a complicated implementation.

While it may seem wasteful, my advice to SME’s is to take small steps, be wary, find ways to work around the shortcomings, and stitch things together, then when big enough take a bigger step and integrate in a larger package.

It does not always work, but experimenting as you go along is usually a very good idea.

However, here are some generic steps that can be taken that should be done at the beginning of the process, no matter what, and how, you are going to implement.

  • Define outcomes. Define the outcomes you want from the software in the context of your strategy. Automation tool implementation without reference to the strategic principals and goals will be a painful experience.
  • Integration. Consider how the software will integrate into the rest of your business. Most implementations I see these days are automating sales and marketing in one way or another, which usually need to be integrated into the existing financial and operational software that has typically already been deployed. You need to clearly understand where the holes between the applications hide, and have considered the manner in which they are to be filled. Excel seems to be the ‘filler’ of choice in most circumstances I come across.
  • Build wide buy in. It is essential that you get the buy in for the functional users, by seeking their input to the tool choice, project planning, training, and implementation. This offers the opportunity to ensure that their current and anticipated requirements are met as far as possible, and that their concerns are able to be aired, if not completely addressed.
  • Fit. Ask yourself how well the new software and existing processes fit together, and how familiar the new processes will feel. Most software is not fully utilised, and this is often a result of legacy systems being useful and familiar. You need to determine how to address these issues of what I call ‘legacy elasticity’.This may seem very similar to the challenges of integration, but they are different, as there is always resistance to change, and  the better the fit to the existing, the easier the evolution will be. Integration implies that both parts of the equation can be altered to achieve a different outcome, whereas fit matches existing parts together.
  • Map your processes. My normal practise is to have someone outside the business map all the current processes, then run that map over the process map that will be implemented in the software. My objective is twofold: remove the inconsistencies and silly bits from the current, and find a process that matches what is left as closely as possible, then implement the software without change. Changing the code in the software package seems easy, but always ends up in tears as unintended consequences rear their ugly heads.
  • Do we go to the cloud? The argument about ‘cloud or not to cloud’ has been had. Go to the cloud. The compromises can be managed, the cost will continue to beat the costs of on premises, but the real value is in the automatic patching and upgrades that occur.
  • Due diligence. As you are doing your due diligence, make sure you ask deep questions, and hold control over the agenda. Software sales people are very good indeed, and will sway the most recalcitrant and reluctant buyer with a vision of the new life you will have purely as a result of their software. Just assume it is all bullshit, that there are a number of options that will meet your requirements, and be clear about what you need, not just in terms of the functionality, but the training costs, ongoing maintenance, upgrades, any internal hardware expenses, and features that may not be included in the base package.

Making a software vendor decision is challenging, but the truly challenging bit, the implementation and leveraging of the software is yet to come. Make sure that the whole project is planned in great detail, and that the vendor is locked into the outcomes.

Do all that, and you might get away with it, and when you do so the productivity gains will be huge.

Image credit: Scott Brinker of Chief Martech. The landscape details 5,381 digital martech automation tools as of the end of April 2017. There will be more by now. I recommend you dig around in the Chief Martech blog for ideas, information and insight.

 

Amazon, Whole Foods and the future of supermarkets in Australia

Amazon, Whole Foods and the future of supermarkets in Australia

Amazon would not have paid $13.8 Billion for Whole foods without a plan. The purchase came as a surprise to most, but it should not have, they have been evolving into bricks and mortar for some time, with books, Amazon Go, The Washington Post,  and a few other dabbles.

Most commentators look at Amazon as a digital retailer, but when you think about it, they are not: they are a Platform that manages supply chains. Those supply chains just happen to end with consumers, rather than a B2B transaction.

Looking at the purchase of Whole Foods through the lens of a supermarket retailer will lead you to wrong conclusions, as you will be looking for the efficiencies that can be squeezed out of the existing model, with a few wrinkles added in.

Wrong lens, wrong model.

Amazon will reinvent the Whole Foods supply chains, and extend them straight to consumers, probably using Blockchain technology. Wal-mart is experimenting with Blockchain in their Pork and Mango supply chains, and I would be astonished if the work Amazon has been doing developing Blockchain technology in finance markets leveraging Amazon web services in collaboration with IBM was not applied very quickly to Whole Foods.

Amazons success (I predict) with Whole Foods  will be enabled by their efficient systems, great technology, engaged workforce and all the other stuff parroted around, but the real reason is far more strategic.

In the ‘old world,’  whether it referred to supermarkets, newspapers, personal transport, or accommodation, success came with the control of supply, which required capital to be in the game. In the digital world, success comes from the control of demand.

Amazon has demonstrated its mastery of demand management, and has demonstrated that this mastery can be leveraged backwards into the physical world, as they deliver a huge range of goods from their warehouses.

The mission statement on Amazons site states:  “Our vision is to be earth’s most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online.”  No mention I can see of digital, or technology, just customers!

By any measure, Bricks and mortar is on the slide, but on-line sales still amounts to a small proportion of retail. Just what the percentage is depends on whose numbers, and what they classify as retail, but it is less than 10%, 8.3% according to this study but will be more based on the huge number of filings for bankruptcy current in the US. According to this 2017 Nielsen study, online sales of FMCG accounts for 8% of dollars.

 

 

The split sales between on line and in store is very wide across different categories, but the growth of 80% in digital while off a modest base, is a statistic that should scare the pants off Coles, Woolworths, and other ‘traditional supermarkets around the world. Sainsburys in the UK has suffered in the share price stakes as their profitability has slipped, while they seem to have done a pretty good job with home delivery, and digital generally. Amazon could buy them from cash flow. Just a thought!

 

What will the digital/bricks & mortar split be in 20 years?

Will the current 90/10 reverse itself?

Perhaps not, but 50/50 would not seem to be outrageous when you think of the developments in Virtual reality emerging, where you will be able to visit your supermarket from the convenience of your couch at home.

The future is in personalisation, we all seem to accept that. However, the existing supermarket business model is intent on homogenising the experience in the pursuit of low costs.

Do you see a paradox emerging in this? Retailers are doing exactly what consumers do not want, at least outside commodity categories, as is evident in the foregoing graph.

I think  the era of big box retail is coming to an end, and in its place will be experiential retail. Alibaba, the Chinese version of the combination of Amazon and Ebay has stayed away from owning anything beyond the platform that enables connection and sales, but that is also changing. There are now 13 Hema supermarkets around Shanghai, delivering a step towards experiential retail, and using technology to drive then enable the transactions.

If I was running Coles, I would be experimenting with ‘MasterChef’  sections in some stores. Have a chef, cooking the fresh produce in  the stores, simple recipes that shoppers can see in use, and certainly purchase pre packed bundles that have all  the ingredients along with prep notes. Similarly in the Coles owned Bunnings I would have workshops teaching ‘do it yourselfers’ how to use the tools and materials, running classes that use them to make something. Customers  can then buy the tools, blueprints and product packs to make a work bench, toys for the kids, or whatever they wish. In Bunnings currently, if you want to be stocked, you need to have merchandisers that fill the shelves. The next logical stage is to have branded sub stores, where there is only branded product on sale, and with an ‘advisor’ paid by the supplier, on hand.

A shop within a shop if you like, which is not a new idea, department stores have had fashion brands running sections in their stores for years. Experiential retail.

The supermarkets are going in the opposite direction, commoditising everything in the name of efficiency.

The industry has consolidated and consolidated, fewer brands, retail options, and producers. Perhaps there is a tipping point, and we are just passing it.

The consumer is increasingly looking for natural, local, assured provenance, and  environmentally sustainable product, all mixed in with a new shape of ‘value’ less dominated by price than has been in the past. Communicating and delivering these attributes are the foundations of branding, and the delivery of ‘value’ to a purchaser.

Woolworths will live to regret the closure of Thomas Dux,  but it is just another in a long line of strategic blunders. it started so well. Their in store  ‘Foodies’ were a hit in the stores I visited, but the weight of the Woolworths machine drowned them. Bring it back I say, it may be your saviour, or try and buy Harris Farm again before Amazon come in and offer the Harris family enough to retire in gilded luxury to Monaco.

I like Ray Kurzweil’s observation that ‘The future comes very slowly, then all at once’.

This is classically the emergence of AI and combined with the Gartner Hype cycle makes a compelling case. Gartner’s 2016 Hype cycle has several technologies that relate to and are integral to the development of all the AI and VR stuff being hyped. Amazon has the grunt to bring all this to the table and disrupt the comfortable supermarket duopoly that exists in Australasia.

If nothing else, it will be fascinating to watch

 

Header photo credit: Eli Christman via Flikr.

Sustained Marketing success requires managed mindset change

Sustained Marketing success requires managed mindset change

We marketers, and usually sales people talk endlessly about putting ourselves in the shoes of those to whom we are communicating, and seeking to serve. It is absolutely right that we do, but then we stuff it up.

We do that by the way we define the industry we are in.

Go to any network meeting, and I (almost) guarantee nobody will define the industry they inhabit from the perspective of those they are seeking to serve.

They are lawyers, or Architects, or Insurance brokers, and so on. None will define what they do by the outcome for their customers.

Examples of the great miss-definitions abound, but two stand out.

Kodak was in the late nineties one of the great successful companies sitting on a mountain of cash, dominating an industry they defined as ‘Film’. They were so successful their advertising slogan persists to this day, we all know what a ‘Kodak moment’ is, well all over 40 do anyway. In 1975 Kodak engineer Steven Sasson invented the first digital camera, which Kodak patented, and later collected billions on the royalties until expiry in 2007. They even commercialised the technology for Apple under the brand ‘Apple QuickTake’, and even then failed to see the writing on the wall. In 2012 Kodak was made bankrupt, although it has since emerged as a different company.

Blockbuster, what a Lulu of failed strategic sight that is, although it is always easy with the benefit of hindsight. At their height, Blockbuster had 50 million members worldwide, thousands of stores, and were a critical link in the movie money making chain. In 2001, the fledgling  Netflix approached Blockbuster, seeking to sell their business into them, and run the online part of Blockbuster, for just $50 million. CEO John Antico had been looking at ways to experiment with on line delivery, and supported the idea. He had made some changes to blockbuster,  like removing the profitable late fees that penalised customers, but failed to get the deal with Netflix through his board, and it ultimately cost him his job. His successor led the business into oblivion by bowing to  the board, reintroducing the hated late fees,  and allowing the power of incumbency, and the aversion to change, to prevail.

You do not have to be a huge business to be caught by this definitional challenge that pervades the way you think, unconsciously driving the decisions you make. A client of mine is a printer, a modest sized family business that has been around for 60 years. They see themselves in an industry that has been significantly disrupted by digital, and while there is still plenty of printing being done, the volumes are modest compared to those of a decade ago, and  the prices and margins are very slim. They acknowledge they are printers playing a role in the communication industry, but they still think and act like commodity printers. At least however, they have made a start in the mindset change which drives behaviour, and which eluded Blockbuster and Kodak.

Blockbuster saw themselves in the video rental industry, not as a part of the entertainment industry to the end, and Kodak was in the film industry, not the memories industry, until they weren’t.

Marketing Myopia, a term coined in 1960 by Theodore Levitt in his seminal HBR article of the same name remains alive and well, just harder to recognise.

 

 

 

 

Will Amazons venture into book stores rewrite history?

Will Amazons venture into book stores rewrite history?

I love books, thousands of them infest my home, and I have spent years of my life browsing. I may be one of the last “heavy consumers’ of books, and particularly coming towards Christmas, my local Dymocks and Berkelouw’s which have so far survived, welcome me with open arms.

There is a physical tactility to a book that you cannot get on a ‘device’, no matter how great the design, which has the potential to generate an emotional attachment.

Perhaps it is just me?

As a result of this I am on the Dymocks mailing list. Every month or so, I get an email outlining the deals on the best sellers, books of interest, and new releases.

Now, I do not mind the odd romance, or light ‘love and discovery’ adventure, I have probably read 2 or three in my time, but they are not my normal fare.

Nowhere near my normal fare.

Despite a couple of emails, and even a phone call to them indicating my absolute lack of interest in their hit list, and observing they have access to a significant amount of purchase data should they choose to use it, I still get this crap filling my inbox.

Meanwhile Amazon is opening book stores, bricks and mortar book stores.

Unthinkable a few years ago that having disrupted and almost destroyed book stores, they then venture into them.

Shades of the Washington Post turnaround under Jeff Bezos

They will be doing all the stuff in bricks and mortar stores that Dymocks, and all the other retailers now disappeared had the opportunity to do, but lacked the foresight and understanding of their customers to be able to do, despite having 15 years head start.

Book stores have a place, long live real books, and the stores that sell them, I guess they will be branded ‘Amazon’, and Jeff will keep laughing.

 

 

 

The 7 mental Models for successful marketing

The 7 mental Models for successful marketing

Creating a successful marketing program is like putting together a 10,000 piece jigsaw, with two significant differences.

  • A jigsaw only goes together one way, every piece fits into its neighbours in a unique way, whereas a marketing program has an infinite number of ways of being put together.
  • When doing a jigsaw, you have the box it came in to give you a very clear and absolute picture of the outcome. Not so in marketing, and while we work hard at clarifying objectives, they are never as clear, and rich with detail as a picture.

Some weeks ago, I found myself in a huge toy store in western Sydney, doing the right grandfatherly thing on my way to get some ‘grandpappy’ time with my granddaughter, who is absolutely the most gorgeous thing God ever put breath into. I was confronted by isle after isle of toys, a vast array of options, no idea of what any of it was, all attractively packaged in adult proof packaging, each with claims to greatness and testimonials from auspicious sounding bodies.

This is not my area of expertise.

I asked a young woman looking after some stock who appeared knowledgeable for advice. She recommended a couple of things, one of which she personally guaranteed because her now 6 year old daughter had had the same one, and loved it absolutely, without reservation, and still played with it.

So I shelled out the required for this fancy looking thing with lots of colours, of course requiring a steady diet of batteries stored in a kid safe unit welded to the bottom, and wrapped it up for my  granddaughter.

A bit later after her mother had wielded the knife required to free this revelation from its adult proof packaging, Georgia was presented with this wonder toy.

She turned it over in her hands a few times, whacked it on the top, which did turn something on, that played a series of flashing lights, and a little tune, which enchanted her, for about 10 seconds. She then turned and toddled over to her seat in the corner mumbling mmmbbbbaaa, mmmbbbaa, which is code for ‘Blue Bear’, a tattered old blue of her fathers that had been rescued from a box in the roof of our place and cleaned up. She took ‘Blue Bear’ over to play with her new fancy, expensive shiny toy, then proceeded to fill her pants.

This experience struck me as an absolutely true metaphor for what we all do when confronted by all the tools, smoke mirrors  and bullshit that is sold as marketing by all sorts of shysters.

We chase the newest shiny thing, forgetting the old fashioned, basic building blocks that have worked for the last 100 years. We abandon them, in favour of the junk that delivers a short term buzz, but is long term just a waste of time and money in almost every case.

In an earlier post, I articulated my views of the 4 foundations of a brand, and used the metaphor of a jigsaw puzzle to make my point. To follow up, I thought I would  give you some thoughts perhaps tools to help you sort the jigsaw pieces as you go about building your own marketing programs.

Let me put a stake in the ground.

Nothing about the strategic framework of marketing has changed in the last 100 years. We are still finding customers for our products, solving their problems, adding value to them, and trying to make a profit on the way through. Peter Drucker was right, ‘The sole purpose of a business is to find customers’

So, the strategic foundations of marketing have not changed, but the tactical end of marketing has changed radically.

To quote that well known marketing guru, Albert Einstein,  Everything should be made as simple as possible, no simpler’.

My goal is to give you a few Mental Models’ that might help sort out and simplify the enormous array of choices you face when building a marketing program that enable you to make better choices.

I have spoken about these 4 foundations in the past, so there is little point in repeating myself, apart from reminding you that foundations are just that, foundations, without which the building will fall, and that they are largely invisible from the outside.

Briefly, the foundations are:

Business Purpose. The Why, the story of the business. This drives everything else. The foundation of the foundations if you like.

Customers. Who is it you are seeking to engage to sell. This implies that you have said ‘No’ to a lot of potential but casual customers on whom you will not spend any resources.

Value proposition. What is it that you are doing for them that delivers value. What can you deliver that makes you different, and for them, the only choice.

Leverage. What enables you to leverage, amplify and deliver the value proposition. This is in effect your brand building  toolbox, and the exercise of the leverage comes from your revenue generation infrastructure, from which you will have to make a lot of choices.

Following are 7 models I use in the marketing planning process.

In addition there is a tube of glue, the stuff that holds it all together, and you must have the tube of glue to optimise all the effort put into the rest, irrespective of how much money you spend, how smart you are, or how good your product.

There are thousands of tools, the choice is mindboggling, and all claim in one way or another to make your life easier, more successful, and ultimately, make you rich.

However, beware the vendor who tries to sell you a solution that covers everything, there is  no such animal.

The toolbox is where the huge changes have come. From a few years ago where you had a limited number of choices and the times at which you interacted were also limited, the 6.30 news on TV, driving the car on the way home from work, to an infinite number of choices, all available 24/7.

How we reach and engage customers has changed radically, the fight to the death is now for our attention.

How do you choose your poison?

A year ago, Scott Brinker’s Martech landscape had 3,874 digital tools.

A staggering number, dwarfed by the 5,381 in the just released 2017 version, which I am sure was a redundant number the moment after he drew the line under the data.

When you consider this is only the digital tools available to the marketer, the size and complexity of the jigsaw we are dealing with is immense, and there is no silver bullet, so often promised, in sight.

Sorting the options is a complex task, made easier by using a few ‘Mental Models’, tools that make the sorting easier, or at least a bit more manageable.

The process.

A process is a series of steps that are repeatable, and able to be continuously improved.

You should have worked this process in this order, the why, followed by the value proposition, then the ideal customer profile, and then, it is time for the rubber to hit the road, enough of the nice words, how do you leverage the outcomes, how do you implement?

The point here is that most of the impact comes from the strategy development you do, that is 75% of the work, and is make or break. It is the important but not urgent stuff you have to do well, but often gets passed over in favour of the urgent but not important things that happen every day to distract you.

Responding to that Facebook notification makes little sense when your strategy is unclear. The only risk there is that you might miss a really interesting cat photo, get your strategy wrong, and you might lose your business.

The tactical decisions should take less time, are less critical, but usually consume all the money, and are more easily reversible.

The strategic decisions made should always, without exception, drive the tactical choices you make.

Take heed of Einstein’s words: , ‘If I had 1 hour to solve a life defining problem, the first 55 minutes I would spend defining the problem, the rest is just maths”

Play the Options game

Revenue generation, which is the term I now use to describe what used to be Marketing and Sales, on a limited budget, indeed any budget, is an options game.

When you look at it like an options game, you do the research, collect information, and only make a choice when you have to, when the option to delay the choice is no longer open.

This is not procrastination, quite the opposite, this is the process of actively making choices to achieve a specific outcome, using the best information you have to hand.

It is an active process, the decisions will not make themselves, it will not happen by osmosis, you must choose!

There is never enough budget to do all that you would like to do, therefore you have to make choices between a range of options.

While creating a plan, and picking the right tools is all about having a picture of the outcome you want, the completed jigsaw, it is also important not to be locked irrevocably into a course of action in the face of new data, changes in the market, or just common sense.

Therefore, play the options to achieve the outcomes you want. Do not rely on others to tell you what to do.

Do the research, seek information and intelligence, make sure you know enough to ask intelligent questions, and be able to see and smell bullshit when it is in front of you, as this part of commercial life is knee deep in it, and often it is made to smell remarkably fragrant, and sounds like the siren song, so it is buyer beware.

Acknowledge the ‘Journey’

Every purchase requires that the purchaser go through some sort of ‘journey’, from the point of recognition that a  purchase is necessary or desirable, to the transaction, and beyond. In a consumer purchase, this process may take a few milliseconds, but in a major purchase, and most particularly in a B2B purchase where others need to be involved, it can be a very long process, depending on the nature of the purchase.

A customers journey begins with some awareness of a problem, followed by some level of research, it may be looking at supplier sites, forums, checking your friends, seeking ideas and specifications.

A short list will be prepared, even if it is casual, then more research will happen, web rooming, demonstration, followed by a decision to buy, then the transaction and after sales services and expectations.

This will vary in every case, the point is that in the past, the only access to the information was either the advertising or the retailers, so very early on the seller knew you were in the market, they could feed you the information, not necessarily for your best interests, but for theirs.

Not so now, you can be at the point of ordering before the seller has any idea you are there.

At the time the potential customer is moving through the process, the potential supplier, not knowing who they are, or where they are, needs to be able to engage in some way, to provide the information and advice they need, answer their questions, get onto the short list, become the chosen supplier.

The buyer has all the power, they no longer need the seller for anything other than the final transaction, everything else they may need is available to them, so the challenge of the marketer is to be in the place where the buyer goes looking for information, reassurance, and answers the questions they have progressively in a manner that reflects the buyers journey.

Usually you will see this in some sort of pyramid, with lead, prospect, hot prospect, customer, or words to that effect. This can be misleading unless seen in the context of the parallel processes.

Customers do not move down the traditional sales funnel by osmosis, or gravity, they move down because you lead them down, even when in most cases you will not be aware of their journey.

Communication choices.

Bringing this all together is communication, by whichever means you choose from the huge menu available.

Communication is the means by which everything happens.

It is where you decide just how you are going to interact with this ideal customer as they move through their considerations.

There are 4 types of communication channel, Owned, Rented, Paid and Earned media.

You can pick any combination and ratio of the four, there are no other options, but within each there are multitudes of options, both digital and analogue.

  • Owned is yours, your website, newsletter, you own it, you can do with it what you like.
  • Paid media is pretty obviously advertising, digital and/or analogue, with a huge number of options.
  • Rented is your space on social media platforms, you are renting the space in return for your information that the platform owner uses to sell advertising.
  • Earned media is the good stuff, the referrals, links and backlinks. I do not include likes, as it is just too easy, there is no skin in the game, but to write a comment or explicitly share takes some effort.

There are multitudes of options, clearly understanding the habits and behaviour of your ideal customer is essential to be able to mix the communication so that it is seen at the right time in the customers journey.

Focus only on the bits that deliver the value

The genius of Vilfredo Pareto, the 15th century Italian mathematician who first articulated what we call the 80/20 rule is working all over the place if we care to look.

Focussing attention on the few things that deliver results and ignoring the rest is a hugely sensible but usually a very difficult thing to achieve.

You will absolutely find that 20% of your customers deliver 80% of your sales and profits.

That does not mean you do not need the other 80%,  but it does mean that resources you allocate to them would be better used elsewhere.

It works everywhere.

This mental model should feed your deliberations in every decision you make, every action you take.

Differentiation

When all else is equal, all you have is price, and then it is a race to the bottom, and the greatest risk in a race to the bottom is that you might win.

Seth Godin’s metaphor of the Purple cow is well known, but the Zebra’s arse makes a better picture to make the point.

Differentiate on every parameter that is valuable to your ideal customer.

However, differentiation for the sake of being different, that adds no value to a customer is just a waste of money and effort, but make that differentiation valuable, and the investment will deliver handsome rewards.

 

Correlation does not mean Causation

I would never own a Labrador.

They are lovely, friendly, trainable dogs, great with kids, but they send you blind.

It is obvious, how many times have you seen a blind person with a Labrador? Obviously there is a very high chance that labs cause blindness.

Oh!! Perhaps it is our old mate correlation, not cause and effect.

A while ago a client launched a new FMCG product, and it worked pretty well on a limited budget, which was largely directed to digital advertising.

The agency crowed about how great their creative was, how effective the ad placement had been, obviously it had been, as the product was a success, despite me being very sceptical about the value of many forms of digital advertising.

However, I did point out that the efforts of the marketing people to identify a hole in the current offerings that left a group of consumers underserviced, the sales force in getting good distribution against the odds had helped, as had the promotional program, and the in store tasting programs that got the stuff onto people’s mouths, pretty important with a food product. Nevertheless, the cocks crowed loudly and often, claiming cause and effect where only correlation existed.

So, there are the 7 mental models I wanted to share. That just leaves the glue that holds it all together.

The Glue!

Human beings relate to stories.

They do  not absorb written information very well, visual information is much better, but stories are the core of everything.

We evolved as a species telling stories, to keep safe, remember generationally where the food was, what to look out for, and so on.

What is your story?

You need to tell one, but tell it with a point.

Telling a story without a context, without a point, is not memorable, but tell a story well, that has a point, and you have them.

All the tools around, the thousands of them are no more than leverage for your story, your purpose, your why.

So, figure out the story of your brand, your business, and tell it consistently, and well, with the point.

Your elevator pitch is a story in 20 seconds, your logo encompasses the story, somehow, every piece of marketing collateral must communicate a part of the story, so that eventually, the parts add up to greater than the sum of all those parts.

Ever heard the parable of the frog and the scorpion?

The tortoise and the hare, the three little pigs, Adam & Eve, and so on.

They are all stories with a point, we remember the stories, so we remember the point.

When you want to know how to deliver a story, watch great comedians, they are the modern story telling masters.

 

For a verbal version of this post, recorded live to an industry group, Click here.

Your sales funnel is not a silver bullet

Your sales funnel is not a silver bullet

There is way too much emphasis put on the funnel metaphor of the sales pipeline.

No matter how we cut it, customers do not follow a neatly programmed defined process, it is chaotic at best, and no simple diagram or ignoring human nature can change that.

Moreover, it is becoming disturbingly complicated by all the tools that are now around that automate sales processes, conjuring up algorithms that supposedly make order out of chaos.

Scott Brinker’s 2017 Martech conference was held recently in San Francisco. A terrific gathering of all those involved in the Martech space, vendors, developers, customers, and consultants (probably too many of those) but do we risk losing sight of the basics?

Let me put an alternative view.

About 30 years ago I read still the only Sales book to which I regularly recommend to my clients, SPIN Selling. This breaks down the sales process into a series of steps that 30 years later have not changed one little bit.

There are now lots of smart technically shiny tools to inform the questioning, and provide information and guidance to both seller and buyer, and a slew of tools to keep track of every thought, utterance and misstep on the web, but the basics remain.

You can only have a shot at a sale when the value of the solution to a customer’s problem you are offering is greater than the cost to that customer.

No change there, despite the shiny new tools, which do have a place, but are not the panacea to sales headaches.