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Closing the loop.
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Integrating Marketing and Sales is the Key to Driving Business
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By James Krouse, Vice President, ABI Inc. | |
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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…
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 benefi cial 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.
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Recipe for Better ROI | |
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An Integrated Initiative redefi nes 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. | |
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Diversify Your Toolbox | |
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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.
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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.
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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. | |
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