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Hub You - Closing the Loop: Integration Strategies for Marketing and Sales
Fundraising Event Tips ating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations.Here are some fundraising event tips on raising more money when you do an event. The two keys are attracting a big crowd and providing multiple ways for them to support your group.Getting publicityMedia coverage is essential to drawing a big crowd. Step one is putting together a press release describing your event with a newsworthy angle. Newspapers, radio and television stations are all looking for stories of interest to their readers, listeners, or viewers.Follow the standard who, what, when, where, why, and how press release format, but focus your summary paragraph on the most compelling storyline behind your event.That storyline might be the good work your charity does for a specific cause because human interest stories are always popular. Or, it might be the local celebrities that are attending or the live entertainment that is scheduled because those people are newsworthy in themselves.Other news angles might be the Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to busine 20th Century Business Methods are the Problem Not the Solution It’s Business 101: Marketing and Sales are the two forces that drive business; whether it’s a small one-person operation or a global corporation, these are the two distinct channels of reaching customer and prospects. Or at least that’s the traditional thinking…Throughout the 20th century, various methods for operating and developing the business have been contrived and refined, becoming the conventional methods that we use today. We improve management and effect business change by overlaying new contrived methods on the existing methods in place. Even with all the improvements, we continue to have fundamental problems with re-organizations, intangible assets, cost control, alignment, etc. We are still looking for the one right way to organize and manage the enterprise.Over the past decade, we implemented breakthroughs like business process re-engineering, business transformation methods, and enterprise resource planning. But, these turned out to be just new names and methods to do the same old things.Why are there so many different ways to do the same thing? Why isn't there just one right way? It is simply because all of these different ways are wrong ways, and we do not know the one right way. Sin The problem is that this traditional approach creates a rift between two forces that should be working together. Sales often thrives on relationships that may or may not be beneficial to the companies overall growth goals. Marketing, on the other hand, may be producing leads but doing very little to close sales faster or help enhance already existing relationships. Integrating the tactics of these two traditionally separate elements into an Integrated Initiative can grow your share in the markets you need to grow in and close sales faster. The good news is that creating an Integrated Initiative can be done from almost any level of an organization and in tandem with strategic partners such as design partners, advertising channels, and lead tracking mechanisms. In closing the loop between sales and marketing, there are some key strategies that help make the transition successfully. Recipe for Better ROI An Integrated Initiative redefines ROI by applying marketing and sales tactics together in a coordinated effort to reach goals in specific markets. Here’s an example: Let’s say your company has a new product release next quarter and an ad has been created for the launch. A traditional definition of ROI compares the cost of creating and placing the ad to the sales generated. If you sold more than it cost – you had a good ROI. This is an important benchmark, but let’s look how an Integrated Initiative redefines it. In our hypothetical Integrated Initiative, the ad doesn’t just sit passively in a magazine. It becomes part of the sales cycle. Reprints of the ad are used in direct mail pieces personalized from each member of the sales force to prospects in their territories. A press release previews the product in a wider range of trade media. That press release is sent to current customers in a preview email offering them special pricing or incentives. A unique URL is created incorporating the advertisement and the press release. Customer testimonials for related products can also be posted on the site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations. In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating advertising, marketing, and PR into the sales culture of your company backs them up both in decade-long relationships as well as initial cold calls. If a marketing message can be part of the process throughout that entire sales/marketing spectrum, increased sales will follow. Diversify Your Toolbox Diversity is key to an Integrated Initiative. After all, if you’re going to integrate the tools you’re using, diversifying those tools will simply give you more to work with and more opportunities to succeed. Take advantage of new technologies to expand the tools at your disposal. For instance, you might be able to negotiate a print ad program that provides you with pdf’s of all ads and news that appears in a publication. The material cost is little or nothing for the magazine, and it provides the sales force with an easily emailed piece to customers and prospects. Another example is packaging editorial consultation with an advertising program. Advertising in a special issue focusing on a key market could warrant a conference between sales, marketing, and magazine editorial staff to preview the issue and offer perspectives on that market. A direct mail piece to a select list of readers/customers for that issue with a letter from regional sales personnel further concentrates efforts to target markets and helps boost the advertising impact. In this case, advertising, public relations, direct mail and sales are all part of a loop that will ultimately reach prospects from several different angles. This in turn draws in leads and tightens sales cycles. While these tools are not necessarily free, they are comparatively inexpensive. More importantly, they add significant value to elements that are already in place such as advertising and PR. Diversifying tactics is simply realizing the full value of core markets and sales tools that already exist. Repetition Isn’t Always Bad Repetition is known to be a highly effective means of communication. It’s how we learn as children and it’s how we remember as adults. An integrated marketing program ensures that your message is penetrating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations. Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to busines Questions to Ask Yourself about Incentive and Rebates f ROI compares the cost of creating and placing the ad to the sales generated. If you sold more than it cost – you had a good ROI. This is an important benchmark, but let’s look how an Integrated Initiative redefines it.To know which of incentive and rebates would work better with your customers, you need to ask yourself five key questions:Question #1 Is Majority of Your Customers Women?If so, then either’s fine because women love to shop, and they love to shop more if you’re offering them additional benefits to do so. You need to understand that women – most but definitely not all of them – need no reason at all to shop so they’ll love you more if you’re offering them a legitimate reason to shop.If majority of your customers are men, however, then it might be better to offer them an incentive of sorts instead of rebates. Unless you’re willing to offer them instant debates – furnish the coupon and voila: the process of shopping is finished! – it’s rare for men to take the time to carefully cut out coupons, fold it and keep it inside their wallets – if they even use wallets that is and not the ever-so-compact money clip.Question #2 Where are You In our hypothetical Integrated Initiative, the ad doesn’t just sit passively in a magazine. It becomes part of the sales cycle. Reprints of the ad are used in direct mail pieces personalized from each member of the sales force to prospects in their territories. A press release previews the product in a wider range of trade media. That press release is sent to current customers in a preview email offering them special pricing or incentives. A unique URL is created incorporating the advertisement and the press release. Customer testimonials for related products can also be posted on the site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations. In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating advertising, marketing, and PR into the sales culture of your company backs them up both in decade-long relationships as well as initial cold calls. If a marketing message can be part of the process throughout that entire sales/marketing spectrum, increased sales will follow. Diversify Your Toolbox Diversity is key to an Integrated Initiative. After all, if you’re going to integrate the tools you’re using, diversifying those tools will simply give you more to work with and more opportunities to succeed. Take advantage of new technologies to expand the tools at your disposal. For instance, you might be able to negotiate a print ad program that provides you with pdf’s of all ads and news that appears in a publication. The material cost is little or nothing for the magazine, and it provides the sales force with an easily emailed piece to customers and prospects. Another example is packaging editorial consultation with an advertising program. Advertising in a special issue focusing on a key market could warrant a conference between sales, marketing, and magazine editorial staff to preview the issue and offer perspectives on that market. A direct mail piece to a select list of readers/customers for that issue with a letter from regional sales personnel further concentrates efforts to target markets and helps boost the advertising impact. In this case, advertising, public relations, direct mail and sales are all part of a loop that will ultimately reach prospects from several different angles. This in turn draws in leads and tightens sales cycles. While these tools are not necessarily free, they are comparatively inexpensive. More importantly, they add significant value to elements that are already in place such as advertising and PR. Diversifying tactics is simply realizing the full value of core markets and sales tools that already exist. Repetition Isn’t Always Bad Repetition is known to be a highly effective means of communication. It’s how we learn as children and it’s how we remember as adults. An integrated marketing program ensures that your message is penetrating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations. Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to busine Two Halves Truly Make the WHOLE: The Proven Approach to Making Your Business Happen... ns with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.)As those of us who have been through the branding process know, each of us is blessed with a unique combination of abilities and strengths that we don't typically recognize as a gift. However, the gift is there for each and every one of us. We take this gift for granted and, at times, let it trip us up when we least expect it. The reason it appears to be hiding is because it requires great discipline to take in all four domains of existence at once (watch for future articles on "Unified Conscious Development"). When we do, our dreams, our businesses and even ourselves become whole and real.This is at the forefront of my mind because I was just shown what has been lurking in my hiding spot--again. I say "again" because we often forget that which we learn. Being in the constant state of remembering is a crucial part of our personal and business's development. Rediscovering what I had forgotten was a complete and utter joy. And it was the shining Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating advertising, marketing, and PR into the sales culture of your company backs them up both in decade-long relationships as well as initial cold calls. If a marketing message can be part of the process throughout that entire sales/marketing spectrum, increased sales will follow. Diversify Your Toolbox Diversity is key to an Integrated Initiative. After all, if you’re going to integrate the tools you’re using, diversifying those tools will simply give you more to work with and more opportunities to succeed. Take advantage of new technologies to expand the tools at your disposal. For instance, you might be able to negotiate a print ad program that provides you with pdf’s of all ads and news that appears in a publication. The material cost is little or nothing for the magazine, and it provides the sales force with an easily emailed piece to customers and prospects. Another example is packaging editorial consultation with an advertising program. Advertising in a special issue focusing on a key market could warrant a conference between sales, marketing, and magazine editorial staff to preview the issue and offer perspectives on that market. A direct mail piece to a select list of readers/customers for that issue with a letter from regional sales personnel further concentrates efforts to target markets and helps boost the advertising impact. In this case, advertising, public relations, direct mail and sales are all part of a loop that will ultimately reach prospects from several different angles. This in turn draws in leads and tightens sales cycles. While these tools are not necessarily free, they are comparatively inexpensive. More importantly, they add significant value to elements that are already in place such as advertising and PR. Diversifying tactics is simply realizing the full value of core markets and sales tools that already exist. Repetition Isn’t Always Bad Repetition is known to be a highly effective means of communication. It’s how we learn as children and it’s how we remember as adults. An integrated marketing program ensures that your message is penetrating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations. Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to busine Entrepreneurship: The Super Career of the 21st Century tiate a print ad program that provides you with pdf’s of all ads and news that appears in a publication. The material cost is little or nothing for the magazine, and it provides the sales force with an easily emailed piece to customers and prospects.Your job no longer comes with a guarantee.Yes, that is right, you might have been taught that if you work hard, study for a professional occupation, and score high grades, your future is set. Nothing can harm you. You get a job with your beautiful education and a good salary, and after 40 – 50 years of working, you retire happy and do anything you want.Let us look at the facts: Millions of people are laid off work yearly. Some industries, like the record industry, were completely obsolete overnight. Thousands of skilled senior executives and middle managers are losing their jobs. Some students even find themselves unemployed when they finish their courses.Income and retirement isn’t looking too good either. Nowadays both husband and wife have to work to maintain a descent lifestyle. Statistics show that 95% of all people at age 65 are either dead, or dead broke, and that it is only 6% of the population that is financially independent … Another example is packaging editorial consultation with an advertising program. Advertising in a special issue focusing on a key market could warrant a conference between sales, marketing, and magazine editorial staff to preview the issue and offer perspectives on that market. A direct mail piece to a select list of readers/customers for that issue with a letter from regional sales personnel further concentrates efforts to target markets and helps boost the advertising impact. In this case, advertising, public relations, direct mail and sales are all part of a loop that will ultimately reach prospects from several different angles. This in turn draws in leads and tightens sales cycles. While these tools are not necessarily free, they are comparatively inexpensive. More importantly, they add significant value to elements that are already in place such as advertising and PR. Diversifying tactics is simply realizing the full value of core markets and sales tools that already exist. Repetition Isn’t Always Bad Repetition is known to be a highly effective means of communication. It’s how we learn as children and it’s how we remember as adults. An integrated marketing program ensures that your message is penetrating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations. Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to busine National Background Checks ating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations.With global terrorization rising around the world, US companies are now compelled to verify the backgrounds of all foreign-born job candidates and employees who manage and staff foreign offices. Companies use Internet-based background screening systems that are favored by many international clients.Job candidates are required to enter their professional and personal data into a questionnaire at a secure Web site exclusively designed for each client. The companies receive the questionnaire over the online information-gathering system. This allows their screening specialists to proceed immediately while remaining in compliance with privacy laws that require candidates' authorization on the transfer of data across international jurisdictions. When investigators have finished authenticating the data, client reports are transferred online or by e-mail using an encrypted personal detail form (PDF) file. Clients also can review report progress on a real-ti Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an organization rethink its role) but the rewards can be an overall sales/marketing organization focused on the same set of priorities at the same time. In other words, by closing the loop, closes sales. And that’s good for everyone. About ABI Founded in 1980, ABI, Inc. specializes exclusively in business-to-business marketing public relations. ABI provides global market support services to companies in diverse industrial and technology market segments. Offices in New York, London, and Singapore provide rapid response to business and publicity opportunities for clients. For more information on ABI please call James Krouse, Director ABI Europe at +44 207 031 4411 or visit http://www.abipr.com/
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