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Entries categorized as ‘marketing strategy’

Growing Business: The Terms and Numbers Do Matter

February 24, 2010 · 1 Comment

Terms are important in growing a business. Let us consider two very important terms: Employee, Human Assets.

Employee. There’s a tone of feudal ownership, of me boss – you worker, me worth more – you worth not so much, that is offensive to anyone categorized as employee.

Human Asset. The same sentiment is found with the term human asset. It is hard not to hear slave in that term. Assets are inanimate objects, with no heart no dreams no passions of their own. The term human assets denotes the human, you and I, who are owned and directed with no free will, to engage or not, who cares about our meaning…towards the corporate goals.

Disclaimer: Hold on. I stand on this side of the economic river. Workers of the world unite is as patronizing as Human assets are a corporation’s number one asset. Karl, you and Vlady, were no different than those you criticized.

These terms have created business culture best described with this term: uncaring. And the numbers generated from this  term do matter:

29%. Paul Herr, author of Primal Management, references a recent Gallup Poll that found only 29% of workers care about their work.  There is so much disconnect and dysfunction in this statistic. The majority, 71%, in a company labeled as workers do not care about their work.

That is the problem. These terms, employee and human assets, and their tones and meanings are bandied about freely when discussing how to grow a business. And we have grown so many businesses with these terms we can see the results: 29% of us, you and I, do not care.

We  lack the words to create a world where we, that is still you and I, can find and create purpose and meaning in our life, together or separately or back-and-forth, join together for common goals and then join others for the same purpose, recognize our strengths and contributions,  create a brand worth admiring, create a brand whose value justifies a price with sufficient margins to generate positive cash-flows.

There are some words in that last paragraph that may be squishy to some readers. We,  or find and create purpose and meaning in our lifecommon goals or join others…very squishy. They are very squishy if you look at your company’s reports that show in hard numbers the results of those squishy words as they are brought to life, or not,  in your company.

The squishy words brought to life create the rich, literally, filling (and stakeholder reports) in a company.

Purpose and meaning, common goals, recognition and praise, joining others to innovate new products to carve and claim a new territory, all work to create a brand that evokes pride in those who create and share it whether it is …(suggest a new term in comments, please) employees or human assets doing it or your customers sharing it in word-of-mouth or your partners and vendors seeking closer relationships for their common goals. (Relationships is a very squishy word.)

You say that is a little vague? You’re right.  Here are some harder numbers that reflect our choice or our lack of choice of words to describe those who make a brand happen (that’s you and I, again) :

2 of 10 and 10%. According to a recent study by the Institute for Corporate Productivity (i4cp) two of 10 companies said that just 10% [of their employees] could echo their mission statement.

Yawn. Who cares much less knows about a ‘mission statement’. Ok.

40%. Eric Brody at Healthy Conversations shared this recently:

In a recent article on MarketingProfs, Gallup research of 300,000 businesses indicated that 75-80% of employees are achieving much less and feeling far less enthusiastic about their work than they could be. If all your employees were “fully engaged,” Gallup reported, your customers would be 70% more loyal, your turnover would drop by 70%, and your profits would jump 40%. Last, Gallup found that great employees also tend to engender “passionate” customers.

Would you like to be part of a culture whose results generated 40% more profit, where the numbers of disgruntled alienated colleagues would drop by 70% or more…?

Now you may sense a whiff of that rich filling shared in stakeholder’s reports where an organization can find the terms to create their world.

3 and $0. Mary Corbitt Clark, Executive Director of Winning Workplaces (That’s a term we can use…), shared three things you can do to create a winning workplace. They cost $0.

Talk to employees.

Share information with employees.

Bring people together to solve problems.

I like that last term...people. (Learning new vocabulary is a work in progress)

Bottom line ( a hard term)

Would you be willing to take these three steps if:

  • your profits rose by 40%
  • your people turnover costs dropped by 70%

Terms and numbers. They do matter. Terms first create our world. Numbers report our successes.

About the author: Zane Safrit’s passion is small business and the operations excellence required to deliver a product that creates word-of-mouth, customer referrals and instills pride in those whose passion created it. He previously served as CEO of a small business. Zane’s blog can be found at Zane Safrit.

Categories: marketing strategy

Optimized Copywriting: Attract Prospects to Your Site through the Words You Use

February 17, 2010 · 3 Comments

As part of 2009’s Search Marketing Secrets series, you discovered that using effective keyphrase research is one of the top three ways to create breakthrough results for your company.

Keyphrase research allows you to find out what language your prospects are using to find the products and/or services that you offer. By incorporating the results of your keyphrase research into your page copy, you are guiding prospects towards your site – where they can order your products and choose your services.

When you write optimized website copy – that is, copy containing the keyphrases your prospects use – write for two different audiences:

1)   First, write for the people who visit your website. They are the ones who buy your products and services. So, your text must be clear and compelling to them.

2)   With optimized copy, you’re also writing for the search engine spiders. Once the spiders understand what your web pages are about, they can return those pages in response to prospects’ queries. So it’s important to provide enough cues (keyphrases!) to the search engine spiders so that they “understand” what your pages are about – and always remember that your main audience is the people who visit your site.

Here’s how optimized copy helps your company.

Think of using keyphrases as placing breadcrumbs down so that your prospects can use them to find your site.

Here’s an example. Let’s say that you’re a professional organizer and you’ve found, through keyphrase research, exactly how prospects search for your services. There are a steady number of searches on “professional organizer” and “certified professional organizer.” You’re proud of your certifications and that’s a key differentiator for your business – and so you select these keyphrases as part of your core strategy.

When you put those phrases in strategic places in your text, you’ve increased the chances that the search engine spiders will present web pages from your site when people search on the keyphrases that you’ve placed in your optimized copy.

Search engine spiders have actually become more sophisticated and are capable of doing more than making exact matches between the text typed into a search engine box and the text found on your website –we’ll cover that in a  future post.

Optimized content on your site can appear in many formats, including:

1)   Web pages where you’re selling your products and/or services

2)   Informational articles that educate site visitors

3)   Blog posts

4)   Press releases/news updates

5)   Archived e-newsletters

Next month, we’ll share part 2 of our successful copywriting series – giving you more information to help attract targeted traffic (sales leads!) to your website.

This month’s opportunities:

Knowledge is power – this month, you’ll be filling any gaps in your understanding of SEO copywriting.

  1. Read through the Search Marketing Terms Glossary
  2. A few quick reads about blogging:
    1. Discover how to create an editorial calendar for your site’s blog.
    2. See how corporate blogs really do influence buying decisions.
  3. Read about how to create effective landing page copy on your site.
  4. Discover what questions your prospects are asking – and then answer them on your site.
  5. Bonus: read back issues of the newsletter here: http://www.thesearchguru.com/email-archive.asp to learn more.
  6. Burning question or comment? Email me at Results@TheSearchGuru.com.

About the Author: Leslie Carruthers is President of The Search Guru, a best practices full services Search Marketing firm creating breakthrough results for their clients since 2004. Leslie can be reached at 440-306-2418 orResults@TheSearchGuru.com.

Categories: Best Practice · Newsletter · marketing strategy

Use These Customer Communication Tools to Add Sales Power Without Adding Sales People

February 12, 2010 · 1 Comment

If you’ve already got a customer list for doing research, doesn’t it stand to reason that you would use that list for more than just asking questions and collecting feedback?

While I’m sure that many organizations send newsletters and write blogs and send direct marketing pieces to their customers, I wonder how many of them actually have specific turnkey communication programs to specific segments of customers.

It used to be that creating and managing a direct sales and marketing program was an expensive proposition.  But today, any sized business can exponentially increase their bottom line by increasing sales without adding a lot of marketing cost.

Today, I’ve decided to share some tools that you can explore and use to keep your customers engaged and literally add sales power without adding people.

Use Constant Contact for Sending Newsletters and Basic Email Marketing

If you have a simple customer list that you’d like to upload and send easily formatted newsletters to, then Constant Contact is a great tool.  It’s low cost and the newsletters are easy to create and publish to a simple list.  Another neat feature is that your list won’t have to double-opt in (if they’ve already given you permission).  So it’s easy to switch from a manual system to constant contact without disturbing your existing subscribers.  Another great feature of Constant Contact is that their stuff gets through to the audience.  Constant Contact has a terrific reputation and your list will receive their newsletter on time, every time.  In addition to all this, they’ve published a fantastic how-to book that will get you started on a successful e-mail marketing campaign.

iContact Is a Cost Effective Way to Run Autoresponders

By far the best way to increase the size of your sales force without adding people is to automate your selling process.  Start by creating an offer targeted toward a specific audience.  Then create a landing page that describes the benefits and features of your offer.  Include a contact form where your audience can download some free information to learn more about your offer.  Then send them regular emails that educate them about the benefits of your offer.  This process used to be very time and labor intensive, but iContact makes it easy.

While Constant Contact also has an autoresponder feature, there are some limitations as to how many messages you can send.  iContact allows you to create as many groups and messages as you’d like.  iContact also has a newsletter feature (like Constant Contact), but it’s not as robust as Constant Contact’s.  So it really depends on your marketing process.  I actually have clients that subscribe to both.  They use iContact to drive their leads toward a sale and they use Constant Contact to deliver newsletters to their customers.  iContact is extremely easy to use and the cost and service are excellent.

aWeber is the Standard Choice for Basic Online Sales and List Building

If you’ve decided to build an online business and intend on generating a large list of prospects and customers that fall into a variety of categories or segments — aWeber is the standard. aWeber delivers great results because they demand a double opt-in.  This means that aWeber is best for building a NEW list from the web.  If upload your existing list, it will ask everyone to confirm they subscription .  The good thing about that, is that it will clean your list and remove anyone who doesn’t want to receive your offer.  The bad thing is that you will lose people from your existing list.

InfusionSoft: Build Leads, Sales, Customers and Relationships

If you’d really like an all-in-one solution, then it’s hard to beat InfusionSoft.  They call their latest release Email Marketing 2.0 and it doesn’t disappoint.  This latest release makes it easy for small businesses to create dynamic, responsive email marketing campaigns. In addition, the system’s powerful customer database (CRM) tracks interest, behaviors and e-commerce, allowing email campaigns to automatically adapt to readers’ behavior.  For example, imagine that John Smith is interested in your latest widget.  He fills out the form and after receiving 3 emails outlining the benefits, he decides to purchase.  Immediately he is placed in a new list where he now starts receiving a completely different set of emails about the specific widget that he’s purchased and he may also receive offers for other widgets he’s interested in based on which links he clicks on.  Another wonderful new feature is the Newsletter.  InfusionSoft’s has a WYSIWYG feature that can literally grab colors from a picture that you place into the newsletter and design a template around that.  No technical, HTML or programming skills involved.  InfusionSoft’s price point is a bit higher, but I can assure you that it’s cheaper than hiring a sales person, and marketing coordinator to run this process by hand.

What are your favorite customer communication tools?

Categories: marketing strategy

Goal or Promise? Which is more Powerful?

January 29, 2010 · Leave a Comment

I was watching a video on iLearningGlobal.tv. Bill Bartmann, one of the lecturers on iLearningGlobal was discussing the difference between a goal and a promise. He mentioned a study at Yale Medical School that where 70% of the people who set goals do not meet them but 98% of the people who set promises to themselves meet the promise.

So what is the difference between a goal and a promise?

A promised is defined as a declaration that something will or will not be done. A goal is defined as the result or achievement toward which effort is directed.

Is a promise a specific outcome whereas a goal is result? It seems the person making the promise has more at stake than the person setting a goal. Is the word goal so over used that the mind (both conscious and subconscious) dismisses it as a trite overused phase that has no negative consequences if it is not achieved. Is the mind saying that you almost never meet your goals so why would this be any different? Or is a promise a more serious commitment to yourself and others? Is there more at stake personally and emotionally if you renege on a promise?

I do not make promises lightly. I would suggest that is one of the reasons they work. A promise is far more personal than a goal. A goal is usually given to us by an external source: manager, customer, market, etc. Where as a promise is personal, only we can make it and only we can break it. Because I do not make promises easily, I will think long and hard before I make a promise. I set goals all the time. I do not always reach my goals. When I make a promise I will move heaven and earth to make the promise happen.

One promise I made to myself is that I would not be late for a meetings, dates, parties, or any commitment I make. I see being on time as a sign of respect and caring for the people I am meeting. If for any reason I cannot make a commitment (or I am going to be late), I will call so they are not waiting. I can think of two times I was late in the last 20 years. I can think of only one meeting I missed because I missed read by calendar.

After listening to Bartmann, maybe I should set fewer goals and make more promises?

What do you think? Is making a promise more serious than setting a goal? If so, why?

About the Author: Ron Finklestein is an author and success coach.  His company, AKRIS works with entrepreneurs and business owners who want to build their business and balance their life.  Ron is called “Your Small Business Success Expert” by his clients because of his passion for their success and his knowledge of business.

Categories: marketing strategy

Final Thoughts on Segmentation Analysis

January 26, 2010 · Leave a Comment

QuestionPro  had a wonderful opportunity to host an online seminar training session with Kathryn Korostoff  of Research Rockstar (www.researchrockstar.com) called, “Divide and Conquer: Practical Steps to Market Segmentation” on Wed January 20th, 2010.

Some of the most practical tips we can immediately carry out are the following:

1- In the process of doing a segmentation research it is important to set your own objectives and continually revisit your objectives to ensure you are staying on budget during the entire project.

2- You must also spend time to decide if it is demographic based or research based research. For example: A mock trial would need to reflect the demographics of the county to which it is held, whereas, a smart phone study may want to target current smart phone users who can offer a lot of feedback on a features and benefits research study.

3- Make sure your team spends qualify time brainstorming from beginning to end. Often times brainstorm sessions are done too quickly, are one-sided, or certain sections were not thought through well enough. In the end it would just cost more money and more time to finish your research project.

4- Research what will be the most efficient and cost-effective way to research your “Slam Dunk” audience. This is my favorite word used by Kathryn during the seminar. I’ve always known it as Core Customers, but Slam Dunk sounds much more fun.

Simply put: Effective research + targeted marketing campaign towards Slam Dunk audience = higher revenue.

In a do-it-yourself economy, technology has been the key cost saver for many companies who need to do in-depth research. It can also help avoid common pitfalls found in research studies. QuestionPro survey software tools have aided many clients in preventing poorly written surveys (survey wizard) and strong data analysis tools that are available right away. With Kathryn’s practical tips on segmentation and easy-to-use market research software found on QuestionPro, you are ready your company’s market research goals to a whole new level.

Categories: QuestionPro · customer research · marketing strategy

NPR’s Social Media Survey Results: Social Media Builds Loyal, Happy Listeners

January 18, 2010 · 1 Comment

According to a recent Mashable article, while every other news media channel’s audience is falling off — NPR’s is growing!  In fact, Mashable goes on to say that NPR is the future of mainstream media!  They go on to say that the three primary drivers of these results are NPR’s focus on local news, social media and being ubiquitous.

NPR has recently reached out to do some research with their community – and social media was a key component of the research and the feedback.  Here is how they did it and some of what they learned:

The Purpose of the Social Media Survey and Inviting Participants

Lian Hansen introduced the survey on her Weekend Edition Sunday show.  One of the things that jumped out at me is the informal tone of the invitation;

“…we’d like your reactions and suggestions for WEEKEND EDITION’s social media efforts. Your thoughts on the conversations some of us have been able to have across Twitter and Facebook are important. You’ve alerted us to stories, suggested questions for guests and become a part of our program in ways that weren’t possible just a year ago.”

The mix of respondents came from a variety of sources:

… the NPR Listens national online listener panel, on-air call outs during Weekend Edition on December 19th & 20th, Facebook postings from Weekend Edition, as well as tweets from Liane Hansen, Scott Simon, myself and other Weekend Edition staff.

For so many of us, gathering respondents involves lists and more lists, and in this case, it was a simple announcement that allowed people from the social media to self-select.

Because the purpose of the survey was to get more direction from their social media community – creating an “open mic” space probably saved a lot of money and collected “good-enough” feedback.

What do YOU think?  What do you see as the advantages and disadvantages of this type of methodology?

One of the wonderful aspects of gathering responses via social media is that you get immediate real time feedback from the audience in their real voice.  This kind of feedback almost has a type of “focus group” quality with one additional advantage — because the content is digital, you can search, tag and categorize the responses so that you can see the patterns that come up — and the real words your audience is using.

In what ways are you using social media as a way of gathering deeper, more colorful information from your customers and audiences?

Using social media in an intentional strategic way is a relatively new topic.  In fact, while many organizations know that this kind of information is available and valuable, few know how to take advantage of it to the point where it drives their strategic decisions.

It’s still not clear to me what NPR is going to do with the results - what specific changes will they make as a result?  It’s clear from the responses they’ve received that people felt more engaged, more special — as if they were behind the scenes.  This makes me wonder if the increased engagement will translate into more financial support.

What do YOU think?

Tell us about your experiences.  Have you asked your customers or audience about social media?  Does greater interaction and connection lead to a tighter bond between you and your customers?  Does it build loyalty?

About the Author: Ivana Taylor is CEO of Third Force, a strategic firm that helps small businesses get and keep their ideal customer. She’s the co-author of the book “Excel for Marketing Managers” and proprietor of DIYMarketers, a site for in-house marketers. Her blog is Strategy Stew.   You can reach her directly at Ivana@thirdforce.net.

Categories: marketing strategy

Search Engine Marketing Secret #3 Revealed: Links are Like Recommendations

January 4, 2010 · 2 Comments

This is the last of our “Search Engine Marketing Secrets Revealed” series with The Search Guru, Leslie Caruthers.  In the first post, we learned how important it was to focus on search engine marketing because it’s one of the most powerful ways that your customers will find you.  Our second secret was to use natural phrases that your customer might use and search for.  Leslie has included great resources, exercises and links to help you get the most out of the series; I hope that you’ve been bookmarking them!

3. Links are like recommendations; they tell Google you are important.

Inbound links are links from other websites to your website. Solicit and earn valuable inbound links, as this is an indication to Google that your site is popular, relevant and valued by others, as well as helping the search engines understand better where your site fits into the web and what you offer.

Carefully crafted link building campaigns:

  • contribute to Google PageRank
  • position your site as a hub or authority on the Internet
  • drive targeted traffic to your website
  • help your website achieve high rankings for competitive keyphrases and therefore
  • increase your viability in the search engine results pages to
  • boost your conversion flow and sales.

And don’t forget… While it is critical to rank well with the search engines, you must never forget it is the human customer that matters – search engines don’t buy your products, services or click on your advertisements; people do.

Next month, we’ll share insider copywriting strategies to get started including those great keyphrases you’ve uncovered!

This month’s opportunities:

Didn’t take on last month’s opportunities? Go back and start there – that’s your best bet – then move up to this list after that.

  1. Bonus: read past blog posts: http://www.thesearchguru.com/blog/ and back issues of the newsletter here: http://www.thesearchguru.com/email-archive.asp to learn more.
  2. Register for Google Analytics if you haven’t yet: http://www.google.com/analytics/
  3. Register for Google Webmaster Tools http://www.thesearchguru.com/google-webmaster-tools.asp if you haven’t yet.
  4. Read through the Search Marketing Terms Glossary and catch up on basic terminology.
  5. Burning question or comment? Email me at Results@TheSearchGuru.com.

Leslie Carruthers is President of The Search Guru, a best practices full services Search Marketing firm creating breakthrough results for their clients since 2004. Leslie can be reached at 440-306-2418 or Results@TheSearchGuru.com.

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Categories: Newsletter · marketing strategy
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Search Engine Marketing Secret #2 Revealed: Use the Keyphrases Your Customers Use

December 7, 2009 · 2 Comments

Can you hear me?Welcome back to our ongoing series with The Search Guru, Leslie Caruthers. Last month, Leslie outlined how important it was to focus on Search Engine Marketing from the very beginning of your web site project.  She also guided us through some easy ways to get on the same page with our developers.  This month, we’re focused on getting into our customers world.

Before we launch into the second of the three secrets, take a moment to review our Search Engine Marketing Secret #1: Build Your Site With Search Marketing in Mind.  This is a great reminder that when you write for the web, you are actually writing for two audiences; the reader (most important) and the search engines.  To make sure you are walking the balance between the two, it’s important that you and your developers are on the same page.

Now, let’s dive into the second secret!

2. Identify the keyphrases (search terms) that your prospects use to find the products and services you offer and then use those keyphrases in your copy, aka keyphrase research.

This can be tricky for a lot of people in their business. You know too much. And then there’s the jargon.

The right keyphrases are customer focused, not industry focused. They aren’t jargon. They come straight from your prospects and customers, not marketing or R&D. To successfully drive targeted traffic to your web site, you and your customer must speak the exact same language. Keyphrase research uncovers the phrases your prospects are typing into the search boxes on search engines.

Think of terms that a customer would use to search for the information, products or services you offer. After you’ve spent some time brainstorming and then brainstorming variations of those now look at your list. Pull any single-word keywords – those will be too competitive (almost always) and often too ambiguous.

Consider the manufacturer of dinnerware that is certain his main keyphrase is China. Do a search in Google for China – what do you see? Yup – it’s all about the country and it’s WAY too competitive (631,000,000 pages are competing on that keyword!). “Long tail” keyphrases (phrases with 3 or more words) like “Kate Spade china” or “replacement Wedgewood china” convert the best and you can win there.

You are never too busy to make more money, right? Good keyphrase research can help generate cash in hand for your company. Search Engine Optimization is about being where your prospects are looking; keyphrase research tells you where they are looking. Skip this step and you are missing out on a huge opportunity. Everything else you do (copywriting, link building, buzz marketing, social media) builds off this step.

And don’t forget… While it is critical to rank well with the search engines, you must never forget it is the human customer that matters – search engines don’t buy your products, services or click on your advertisements; people do.

Next month, we’ll share the 3rd secret: quality links from related but non competing websites to your website and how to get them!

This month’s opportunities:

Didn’t take on last month’s search marketing opportunities? Go back and start there – that’s your best bet – then move up to this list after that.

  1. Check out these keyphrase research tools:
    1. Google AdWords free keyphrase research tool: https://AdWords.Google.com/select/KeywordToolExternal
    2. WordTracker, a subscription keyphrase research tool that is a standard in the Search Marketing industry. You can try the tool for free (and get a limited data set) or buy a day, week, month or year membership. Start small and buy and day and play!
    3. KeyWord Discovery keyphrase research tool: http://www.KeyWordDiscovery.com – great when your business is seasonal and you aren’t within a few months of the season – this tool offers access to 12 months of data. \
  1. Read more on keyphrase research and the difference it will make for your business.
  2. Bonus: read past blog posts: http://www.thesearchguru.com/blog/ and back issues of the newsletter here: http://www.thesearchguru.com/email-archive.asp to learn more.
  3. Register for Google Analytics if you haven’t yet: http://www.google.com/analytics/
  4. Register for Google Webmaster Tools http://www.thesearchguru.com/google-webmaster-tools.asp if you haven’t yet.
  5. Read through the Search Marketing Terms Glossary and catch up on basic terminology.
  6. Burning question or comment? Email me at Results@TheSearchGuru.com.

Leslie Carruthers is President of The Search Guru, a best practices full services Search Marketing firm creating breakthrough results for their clients since 2004. Leslie can be reached at 440-306-2418 or Results@TheSearchGuru.com.

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Categories: marketing strategy
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Increase Your Profits by Getting Rid of Difficult Customers

November 27, 2009 · 1 Comment

I’ve been told that every business has to work with “Difficult Customers.”  And, we all have to work with “Difficult People.”  Well, I don’t buy it.

What happened to the rest of us nice, reasonable people that allowed those jerks to rule us?!

There is a multi-million dollar training industry built around the assumption that we all have to work with difficult people.  But here are two big reasons why no one should work with difficult customers .

  1. Difficult customers want what your business system isn’t designed to deliver. For example; I worked for a manufacturer who called some of the biggest medical device, appliance and automotive companies their customers.  But these companies had specialized systems that required literally hundreds of man-hours of maintenance on our part so that we can fulfill THEIR quality systems’ requirements – in addition to our own.   So we had two kinds of customers; high-maintenance (the big guys) and low-maintenance (the little guys).  We literally made twice the margin on our smaller customers than we did on the big ones.  They loved us, we loved them and doing what they hired us to do was fast and easy; hence profitable.
  2. Difficult customers have no idea why they should work with you instead of a competitor. Do you have customers that charge their customers a lot, but expect you to do more work for less or customers that are constantly complaining about your prices?  This should tell you that your customer understands why customers choose them – but they know that you don’t understand what value you provide – and so they take advantage.  Chances are that your best customers KNOW why they choose to work with you, but you don’t.  If you like these people and want to keep working with them, be clear about what sets you apart and the value you offer and charge accordingly.  If they are disrespectful and mean, get rid of them.  It’s bad enough that you’re losing money; you shouldn’t have to be abused in the process.

You can see how you’re literally hemorrhaging profits in each of these situations.  If your customer requires specific processes and systems to meet their customers’ requirements and that would require that you either work 24/7, hire more people, or force the people that you have to jump through hoops at a moment’s notice – this is costing you money!  It may not show up as a line item, but when you have people leaving their desks in search of specific  papers, or creating reports that weren’t expected, or sitting in meetings resolving problems you didn’t anticipate, these are all unnecessary and hidden costs that are eroding your margins and driving your employees insane.

In the second case, you’re dealing with a situation of corporate low self-esteem.   You may have been so eager to put their name on your customer list, that you allowed your true value and profits to erode.  You may be living in fear that you will lose them.  But if you realize that this mean, unappreciative customer is literally taking up space that a wonderful, appreciative, loyal and profitable customer could be taking – you may see things differently.

Small Business Owners of the world – vow to work with customers who love and appreciate the value you bring and watch you profits go up!

About the Author: Ivana Taylor is CEO of Third Force, a strategic firm that helps small businesses get and keep their ideal customer. She’s the co-author of the book “Excel for Marketing Managers” and proprietor of DIYMarketers, a site for in-house marketers. Her blog is Strategy Stew.   You can reach her directly at Ivana@thirdforce.net.

Categories: marketing strategy

School is in Session

November 18, 2009 · Leave a Comment

Today’s guest post is from the team at ALL Things CRM, a comprehensive and easy-to-understand resource where you can learn about all aspects of customer relationship management, and the best ways to achieve superior results for your business.

You have probably seen the acronym CRM floating around online, and might have seen the word contact management along with it, but thought little of either. For the business world, they are very important things to know about, and are easy to understand. CRM, or customer relationship management, is used to describe the methods in which a company manages it’s customer base. A comprehensive CRM system includes different elements for sales and marketing, and one of these important elements is contact management.

Today, companies interact with customers in a variety of ways: over the Internet through chat, over the phone, by e-mail, through social networking, and more. When a company uses multiple channels for customer service, information can get lost in the shuffle, leading to unhappy customers down the road. With CRM and contact management, you can easily organize that information, helping to make your business better and create happy, satisfied customers.

Every business in the world needs some type of contact management system, especially if they do their business primarily online or through e-mail. The reason for this is so that every e-mail will be saved, contact information will be up to date, and lists or groups can be made to make sure each customer receives the right information. Special marketing e-mails or newsletters can be sent at any time to this list of either previous clients or potential clients.

In order to get the most out of your CRM system or platform, make sure that contact management is part of the package. CRMs have many additional functions, too. They can keep track of inventory, record employee/customer interaction, and can even record a customer’s previous purchases and personal information. All this information is valuable to a company, as it is the needed information for future sales and customer service needs. CRM allows any business large, or small to interact with the customer quickly and efficiently through a variety of different ways.

Just as there are different versions of office management software, document management software, there are different versions of CRM and contact management, each with their own unique solutions. For instance, operational CRM handles marketing campaigns, while analytical CRM bases its operations on data received from customers. Sales intelligence CRM is like analytical CRM in that it shows what the customer behavior is allowing a company to up-sell, or to tailor their sales, but it is more of a direct marketing tool which offers sales alerts that sales staff can offer to customers.

Contact management programs also analyze and store statistics and responses to sales campaigns. With the right CRM in place, a company will interact with customers through several departments like sales, technical support and marketing, thus allowing for smoother transactions and storing of important customer information and histories.

Newer contact management programs also use social networking sites like Twitter, Facebook and others to gauge customers sentiment toward a certain product, and to help a company interact with potential customers from social network sites.

Whichever system you choose, make sure it will be compatible with your existing services. There are many solutions that are based online, or “in the cloud,” that are easily accessed through just a web browser, and can be accessed on any mobile computing device as well. The advancement of technology has made it easier than ever to provide great customer service at a fraction of what it used to cost.

Categories: customer research · marketing strategy