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August 15, 2010



  Store August 16, 2010

  • Accountability
  • Employee Engagement
  • Professionalism
  • Leadership Skills
  • Multi-Generational Issues
Employee Development Systems, Inc.
The Personal Accountability Company

7308 South Alton Way, Suite 2J
Dry Creek Business Park
Centennial, Colorado 80112 

Phone: 1-800.282.3374  

employeedevelopmentsystems.com 


Employee Development Systems, Inc. on LinkedIn
 
 


  



info@edsiusa.com

In This Issue:

Slash and Burn Marketing

What Keeps Your Customer up at Night?

Situation Room: Unexpected Walk-Off

Author Interview: Neal Schaeffer


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• Develop your own organizations bank of customer service learning situations
 
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Connect with Thought Leaders in Your Field!

EDSI is hosting a FREE HR Learning Showcase on September 24, 2010, in Chicago.   Come and learn about our proven solutions and network with other HR, OD and T&D thought leaders in the area.  Register online here.

Slash and Burn Marketing

Is your company slashing its marketing budget?  In tight economic times, organizations tend to take extreme measures.  So how do you get the most out of the money that your company IS spending? 
 
Start by getting back in touch with your old customers.  It’s easy to ignore those loyal, known and often predictable accounts, but they are often your most likely source for new business.  Give those loyal followers a call, send a note, or drop them an email. 
 
Let them know that they have not been forgotten, and use them as a resource for finding out how your company is doing in servicing them.  Do they have any needs that you haven’t met, regardless of whether your company currently offers what they need or not?  --Plenty of new product lines and services have been hatched through simply asking about what is needed versus spending months' worth of resources in costly brainstorming, development and market rollout efforts.
 
Next, offer a free sample.  Think of yourself as one of those friendly apron-wearers standing in the grocery aisle, offering shoppers a tantalizing morsel to try.  Approximately 5%-10% of shoppers will buy the product immediately, and more will file the flavor in their mind under "positive experience" and will choose to purchase the product at a later time. 
 
Allocate part of your marketing budget to these kinds of giveaways.  If you haven’t done this before, now is the time. Think of Google, which spent the thin profit years banking users, and was poised to make significant profits when its advertisement program (Google Ads) started. 
 
Finally, with every client interaction, ask yourself what the specific offer and call to action is.  Whether it is a friendly phone call, a printed ad, email contact, or other media, let your counterparts know what you want. Many people make a sales call and never quite get to stating what they want.  If you have always been squeamish about this process, now is the time to get comfortable with it.  This is the crux of why you have spent all the other marketing dollars!  Take your chance to make a sale when opportunity enters the room.
 
As you can see, even in the face of "slash and burn" marketing budgets, you can make an impact.  Shift the funds you do have, in order to follow the changing needs and desires of your client base. 

What Keeps Your Customer up at Night?

So here the economy is look up, but we're not out of the woods yet. The good news is that companies (probably including yours) have made it through slumps before, and are learning new ways to cope every day. 
 
The not so good news is that your organization probably needs to re-assess its sales tactics and focus on spreading new tactics throughout the sales system.
 
How do you ensure that room is created in your customer’s budget for your services?  It all starts with developing a provocative point of view on a critical issue, directly to a senior executive or the senior purchaser. 
 
 
Find your customers' pain. 
What is the one issue or situation that keeps your customer up at night?  Is there an area that is being ignored or ineffectively addressed by the existing processes or systems?  Maybe you have found that sweet spot, but addressing that issue would require some retooling on the part of your company.  Now is the time to do it.  Who will survive and thrive in the current climate? Companies that are agile enough to change their products and offerings as needed, that’s who. 
 
Identifying a big problem that is a threat to the bottom line is what makes it worthwhile for an executive (or other decision maker) to meet with you. 
 
The Harvard Business Review gives a compelling argument for provocation-based selling over solution selling.  “…In a severe downturn, provocation-based selling may be the only way to move past the ‘buy nothing’ mantra emanating from customer organizations.  In sunnier economic times it can lend power and urgency to products or services that are non-disruptive or are relatively undifferentiated in their markets.”
 
Of course, solutions are still at the base of your company’s offerings within your market. However, there are distinct differences in these two tactics.  Let’s look at some examples of these differences:
 
Solution Selling
Provocation-Based Selling
Aligns with the prevailing point of view
Challenges the prevailing point of view
Begins with technical proof and then builds a business case
Begins with a business case (a need) and then provides technical proof
Asks questions to identify needs
Uses an insightful hypothesis to provoke a response
 
Here is the bottom line: As the vendor, you must identify a process that is critical for customers in the current business environment, develop a compelling point of view on how it is currently broken and what that means in terms of cost. 
 
Proceed by offering the solution to this ‘keep you up at night’ situation.  In short, the process begins with a customer’s problems rather than the solution that you are selling.  How can you shift your organization’s efforts to provocation-based selling?  It may be the key you need to get back in the door.

Situation Room: Unexpected Walk-Off

John is the CEO of a niche beverage company. Its juices and natural sodas have been delivered regionally to restaurants and supermarkets for the last eight years; recently the company has expanded its delivery to a five-state area.
 
John is thrilled about the growth, but in the midst of this expansion, Damon, his distribution manager, walked off the job. The assistant manager is eager to step up and fill Damon's shoes, but he lacks experience.
 
What would you do?

Author Interview: Neal Schaeffer

For this issue’s author interview, we were fortunate enough to catch up with Neal Schaeffer, the  President of Windmills Marketing, a social media marketing strategic consultancy that has helped several companies from a variety of industries with their social media strategy creation and implementation. Neal also is the author of the book, Windmill Networking: Understanding, Leveraging & Maximizing LinkedIn (2009, booksurge.com). It has won three awards, including Honorable Mention for Best Non-Fiction Book of 2009, Silver Medal for Best Business Reference Book, and Bronze Medal for Best Career Book.
 
 
Generally speaking, how have marketing efforts shifted in recent years?
 
I look at it this way; how are you going to get the word out about your company?  People don’t use the phone book, TV or radio anymore as their first resource.  Everything is going online. Sure, companies have a website.  It used to be the way to be found, and then organizations started to utilize pay-per-click ads and search optimization experts.  These are both expensive undertakings.  That is where the power of social media comes in.  It is a way to connect with people and organizations, and engage them in an authentic way.
 
Some of our readers may still feel that sites such as LinkedIn or Facebook are a waste of time or are just a passing trend.  Can you address those concerns?
 
Sure.  The fact is that people spend about 25% of their computer time on social media sites.  Here is a telling trend:  On Christmas Day 2009, we visited Facebook more than Google.  In one week during March of this year, we did the same, making Facebook the most visited site on the web. 
 
Of course, people surfing Facebook and putting their resumes on LinkedIn doesn’t necessarily result in sales for businesses, though.  How can organizations capitalize on social media?
 
We are not only communicating with people on these sites, but finding information.  That is where your target audience is spending time, so it is critical to make your organization’s group, page or blog a true resource for viewers.  They could be looking for a vendor or business partner.  Why wouldn’t they call the organization that they already go to for information and resources?
 
How do businesses need to change how they communicate in order to get involved in social media?  Can you tell us more about the windmill marketing concept, and how it differs from what people have been doing/thinking about until now?
 
Remember, at the end of the day, it’s all about people.  Social media was not created for businesses, so businesses need to get used to that.  It’s important to get people to start talking about your product or service.  You are playing on consumers’ turf.  Still, it can have outstanding results, even for business to business partnerships, because companies are all made up of people who build connections to organizations that feed them the kinds of information they are looking for.  This is how it all happens-like this interview!
 
Thank you for your time, Neal.  Do you have any parting words for our readers?
 
Yes, my motto is this: If you get it, share it.  Consumers of all kinds appreciate that concept these days, and repay you with their partnerships. 
 
You can find out more about Neal’s blog, site, book, and presentations at www.windmillnetworking.com


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