Blog » Archive for February 2010
Archive for February 2010
25th February 2010 by Jim Piper
It’s the old cliché of you get out what you put in, but it is all too true when working with almost any supplier, and this is amplified if you engage with a business development agency. You have budgeted for a significant amount of money and taken the bold step of handing over a core business activity to an outside company.
However, it is not that simple. We can’t conjure new business from thin air. Cold new business is a tough process and we, along with any other new business agency, are only as good as the effort both parties put in. There is no doubt that a collaborative approach works the best, not only in terms of results, but also as an enjoyable working experience. Communication and relationship are everything. After working with c.500 marketing agencies over 11 years, these are my top tips for maximising your new business agency:
1. Get off on the right foot:
Set the partnership up from day one. You will have shared some business objectives and goals before making your decision to use us, but be open with your designated New Business Manager. We are genuinely interested in how your business is structured, your core vision for the future and your objectives from the relationship. You would share this with an internal recruit, so why not your agency.
2. Invest time in the briefing process:
Inducting your New Business Manager into your agency is key. Take them around to meet and talk to key personnel as hearing about your company from a number of viewpoints gives a well-rounded picture. Your caller needs to feel part of the team and this undoubtedly helps.
Really take the time to give a full briefing on your company. We know you have been through it a thousand times before, but we haven’t. It is new and exciting and we want to hear about why you set the company up and the ethos and philosophy behind it. Often there are gems, which can work wonders on the phone. Give us as much as you can and we will take the relevant “sales” parts from it.
3. Case studies, case studies, case studies:
These are the most important sales tools we have. We will guide you as to the ideal format, and as always, quantifiable results are gold dust. It is well worth spending time in creating great looking case studies, which can be used as a sales tool for your caller and also by you in new business meetings.
4. Be passionate:
All our clients are passionate about their work and achievements and this really filters through to your New Business Manager. It is a requirement of both parties, but getting the enthusiasm you feel for your company and your work to manifest itself in your caller can only come from you. They need to leave that initial briefing feeling inspired to sell your business.
5. Communicate:
The briefing is the starting point. We will keep you updated of progress, but you need to commit to do the same. It is rare, but occasionally we have worked with agencies who have been “too busy” to take our calls for weeks on end. We can’t work effectively like that. We never lose sight of two things.
- You are paying us to do a good job
- We are taking responsibility for your business growth and frankly, personal success
6. Keep your agency updated:
It is the hardest thing to do. You have just finished a great project and moved onto the next. The former is confined to history. Take time to tell us about it and write up a case study. We love going back to prospects with something fresh to say and it gives your agency the air of vibrancy and success.
7. Feedback:
It is not always 100% positive, but we need to know in order to change or develop our approach. Once you have been on a meeting, let us know straight away if it was good, bad or ugly. Let us know why and let us know what the next step is. A good meeting needs to be followed up on and we need to agree when and by whom. That way we can drive the process.
More importantly, your New Business Manager likes a pat on the back for a job well done, so make sure you send that email or make that call after a great appointment.
8. Honesty:
We give you total permission to be honest with us (you are paying us after all), but we need the same. If you have concerns, we want to nip them in the bud. If something is not working on the phone, we want to let you know and agree a new strategy or direction. We don’t like surprises, so please tell us if something is keeping you awake at night.
We don’t always get it right first time, but if we don’t know, we can’t fix it.
9. Manners:
It costs nothing. Treat us, and your caller as you would treat your own staff. Rudeness and disrespectful behaviour will not get the results you are looking for. It adds an additional pressure that can only be detrimental. As previously mentioned, if things aren’t going as well as they might, one thing you can be assured of is that we will die trying to change that. Work collaboratively with us and we will both reap the rewards.
10. Enjoy it:
We create a fun and rewarding environment at Alchemis and a big part of that is the quality of the clients we work with. We enjoy working with a diverse range of interesting clients and we want you to enjoy working with us. If together we ensure all points above are covered, I assure you that will be the case.
Tags: better sales results, building relationships, case studies, collateral, new business agency, new business managers, new business strategy
Posted in New Business Advice |
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23rd February 2010 by Dan
Now I have always been a great believer in harnessing new platforms like mobile marketing and social media sites to promote your brand or company. Hence setting Alchemis up on Twitter.
In my view it’s more than a wise step to get out there, even if a Twitter account doesn’t result in immediate new business, your brand and company name is out there in the “Twittersphere” for all to see, which can only be a good thing.
The common perception with social media sites is that people go there to socialise and not to buy. True, but brand visibility is the key, and with Twitter having over 18 million users, and Facebook a staggering 400 million active users, it’s hard to see why some companies still stick to their guns and use more traditional methods of marketing.
On the same note, with the introduction of more and more mobile devices, surely the place to be is in the mobile web? Well you would be shocked at the lack of brands I speak to on a daily basis that are yet to fully appreciate the benefit of mobile marketing.
That’s why when one of my clients that I call on invited me to a seminar based on their predictions for paid search in 2010, it was refreshing to listen to someone promoting the idea of harnessing the mammoth power of social media, and the importance of the growing number of consumers available to be targeted through mobile devices today.
Now I am not about to give away my client’s top tips for mobile or social media search (sorry), but what I will say is that the seminar really drove home the constant developments in social media and mobile technologies that companies just aren’t making full use of.
I read an obvious but probably not widely registered fact in an article some time ago that text messages are usually read by a user within 20 seconds, which means brands can start seeing results almost instantaneously, versus hours or days for a similar email marketing campaign. Now if brands can harness this to generate new business and get results that fast, then they should be getting onto it before these spaces are flooded, and their brand becomes a needle in a haystack.
The moral of the story is if you’re not using the power of social media, do it. And if you’re not mobile marketing, do it.
I can’t recall the last time I had a clever, well-targeted marketing text message sent to me, in fact I’m not even sure I’ve even had one! Aside from my mate John texting “Dan, get down to the Royal George, they are giving out free Tequilas!” Now that was well targeted.
Tags: branding, facebook, mobile marketing, new business opportunities, social media marketing, soft sell, twitter
Posted in Market Trends, New Business Advice |
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18th February 2010 by Jim Piper
The article “Brush up on your email etiquette” (Evening Standard, 15th Feb 2010) covered the subject of unanswered emails and voicemail messages. The author, Philip Delves Broughton, relates the subject to job-hunters, entrepreneurs, and most importantly business development and sales.
You have met a prospect, established a strong rapport, and they have promised you a crack of the whip at the next appropriate brief/project/pitch.
You have followed up on that meeting with an email or left a voicemail, but………………..silence. Delves Broughton poses the point and the question that “the unanswered message is a curse. What are you meant to do?”
The truth is that there is no right answer to this. There are a number of differing articles relating to this subject and average “touch points” between initial contact and securing business vary from 5-15. It is dependent on so many variables such as company size, industry, offer, right down to the personality and working practices and preferences of the individual prospect.
Some would prefer an email and some a call. Some won’t mind multiple calls and some will. However, that follow up strategy is one of the mystical keys to winning new business and is dependent on a number of factors. What was the opportunity time frame? What was the type of opportunity (brief/roster review/formal pitch)? However, most importantly, what was agreed with the prospect at the meeting?
This last point is paramount and if there is a “golden rule” of a cold approach new business program, this is it. The follow up process must be driven by the prospect. Whether your lead pipeline is generated in-house, outsourced to an agency or the prospect has contacted you directly, never leave a meeting without agreeing the next steps. Once this is agreed, a bespoke strategy for each prospect can be formed.
The article suggests a follow up email and phone call soon after the meeting. I don’t disagree with this, but it then goes on to suggest that once this is done, the ball is in the prospect’s court and if they do not respond, it is because they are busy or have no interest. This, I strongly disagree with.
Prospects are busy, but you have to break through that barrier. If they are not interested, we want to know and rule them out. If they are too busy, fine, but we want to agree a new appropriate time with them. Of course, there is a balancing act between a professional approach and being a nuisance. However, it is a competitive world and you will not be the only potential supplier vying for attention. However, you must make sure that your message is the one that stands out. You can only do this by communicating with them. Newsletters, relevant emails and new case studies are all soft methods our clients use, but there is no substitute for speaking to these potential clients.
Once you have agreed when to get back in touch, make sure you diarise that communication. We know, that for the owner of a busy, time poor marketing agency, that is easier said than done. This is where a professional new business agency can help. Generating fresh appointments is only part of any effective campaign. It is clearly in our interest to see those meetings through to the most positive conclusion as our real margins come in retaining clients and that can only be done through generating ROI. That is why it is in our interest to drive the follow up process. We know you are busy and we know that it could take multiple calls to contact that prospect. We have the systems, processes, skills, and above all, time to make sure that happens, so utilise your agency. It will pay dividends.
As a sign off to all of this, don’t take things personally. In the 11 years I have been in business development, the world is becoming a tougher, busier, noisier and dare I say it ruder place. People forget about emails and voicemails almost as soon as they are picked up. It is nothing against you personally, but don’t assume someone is not interested from his or her silence. Take the time or use the resources available to you to be “politely persistent”.
Tags: art of selling, building relationships, evening standard, new business agency, new business calling, new business opportunities, new business strategy
Posted in Media Commentary, New Business Advice |
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