Category: Marketing


Think Like a Client

In Norman Maclean’s, A River Runs Through It, he tells a story of two brothers growing up in rural Montana and fishing the Big Blackfoot River in Montana.  The book is a lyrical and beautiful story, and I highly recommend the book over the movie.  In one passage, the older brother, Norman, after watching his younger brother Paul catch an enormous fish while being swept into the rapids, remembers:

“However one closeup picture of him at the end of this day remains in my mind, as if fixed by some chemical bath.  Usually, just after he finished fishing he had little to say unless he saw he could have fished better.  Otherwise, he merely smiled.  Now flies danced around his hatband.  Large drops of water ran from under his has on to his face and then into his lips when he smiled.

At the end of this day, then, I remember him both as a distant abstraction in artistry and as a closeup in water and laughter.

My father always felt shy when compelled to praise one of his family, and his family always felt shy when he praised them.  My father said, “You are a fine fisherman.”

My brother said, “I’m a pretty good with a rod, but I need three more years before I can think like a fish.”

How does this relate to sales and marketing?  Simply, that if we want to be better marketers and sales people, we need to “think like a client.”  Too often, for example, marketers think; how can I send more emails, rather than how can I provide content that is valuable to my clients?  Or sales people think; how can I close this deal, rather than, is this the right product of service for my client?

How is your company** geared to think like a client?  From your call answering message, to your website navigation, to your ease of doing business, if you want to catch (develop) clients, you need to think like a client.  The first step is to look at your business and interactions as they would.

Do Great Things!

Lee Stocking
Prairie Sky Group
Making Sales Cry With Qualified Leads
lee.stocking@gmail.com
651-357-0110 (Cell 24×7)

* Like fish portraints?  Shop this guy: http://www.fishartist.net/fish-artist-gallery.htm

** Footnote:  An old colleague, Dave Peterson, once told me he could tell the profitability of a set of manufacturing companies to +/- 1%  within ten seconds of walking onto the manufacturing floor.  He based his estimates on the neatness of the floor which gave him an estimate of the facilities process efficiency.  I can now apply Stocking’s corollary to the Peterson Rule:  The profitability of a company is directly proportional to the client experience.

Do You Have Customers or Clients?

Marketing, REII bought a pair of hiking poles from REI for a trek across the Grand Canyon.  I used them on a couple of warm up runs in the high desert on dusty hikes when I discovered that the locking mechanisms began failing.  I assumed that dust was preventing the poles from locking.  Because I change pole lengths depending on whether I am ascending or descending, I didn’t want to risk having them fail on a 25 mile/10,000 foot elevation through-hike.  I tossed them in the trunk of my car and used another pair with a different locking mechanism.  Was I a disappointed customer or a disappointed client?

Marketers need to think about this question, “Do we have clients or customers?”

In the classic definition, customers are people who buy a products from you, and clients buy services.  The problem with that definition is that the lines are blurring with the advent of the Internet where I can get the same things you sell from three other vendors at a lower price.  (This may even be true for products which are not commodities.)  Marketers need to consider the lifetime value of their buyers, word of mouth, and the speed of negative comments that can happen through social media.  It may be cheaper to think of buyers as customers.  It’s easy to do in this tough economy with a micro-focus on the bottom line.  If they never come back to you because they are only going to ever buy one widget from you in their lives, maybe you can think of your buyers as customers.

But I believe we might be better off thinking of our buyers as clients, regardless of whether we sell a product or a service.  It changes our way of thinking: the way we structure our businesses, train our employees, develop products, and deal with our buyers.

A couple of months after my hike, I found the poles in the trunk of my car and brought them back to REI.  They were almost brand new.  I expected some hassle.  Instead, they happily accepted them back, indicated they would submit a case to the manufacturer so they could make the product better, apologized, gave me my money back, and pointed me in the direction of another set with a different locking mechanism.  I was their client.  I recommend everyone buy their outdoor gear from REI!

Do your clients recommend you?

Do Great Things!

Lee Stocking
Prairie Sky Group
Making Sales Cry With Qualified Leads
lee.stocking@gmail.com
651-357-0110 (Cell 24×7)

Marketing and Lead Generation Minneapolis St Paul MinnesotaMany companies still rely on the “presentation” as a sales tool.  But a couple recent studies may indicate a major problem with this approach.  A University of Maryland study of undergraduates found that after a lecture by a well known professor, NONE of the students could answer the question, “What was the lecture you just heard about?  In another study, Nobel Laureate, Carl Wieman quizzed his students about a key fact in his lecture presented just 15 minutes earlier.  Only 10 percent remembered it.

So now you’re saying, but these are hung over, drugged-out students, and, of course, you’re not speaking from personal experience.  It’s well known that college students have these characteristics.

However, in another experiment, at the University of British Columbia in a physics course on electromagnetic waves, one group of students was taught by standard lecture, while a second group was broken into smaller groups and asked to work on the problems in an interactive problem solving session.  The first group scored 41% on the material, while the second group scored 74%.

College students are not business prospects.  But the takeaway is that no one wants to listen, or will remember your 25 slide presentation.  Occasionally we get roped into giving a presentation, and there are specific things you can do to give a great presentation.  But instead, what if we worked with smaller groups and individuals on problem solving?

Sales, the next time you ask marketing for a presentation, ask why you need it.  Marketing, the next time you provide a presentation, ask what other tool or skill set you should have provided to sales.

Do great things!

Lee Stocking
Prairie Sky Group
Making Sales Cry With Qualified Leads
lee.stocking@gmail.com
651-357-0110 (Cell 24×7)

Trend Spotting: Access to Experts

Marketing and Lead Generation Minneapolis St Paul Minnesota AtlantaRecently I wanted a piece of information from a web company for a service in which I was interested.  This time I really didn’t want to “read the whitepaper,” so I called them for a “demo.”  The resistance I had was that this would begin a sales cycle, yet all I wanted was information.

I keep returning to the Hubspot statistic that 80% of buyers say they find their vendors rather than the other way around.  We know that buyers today turn to the internet to get information and are further down the buying funnel when they contact us.

As marketers and sales people, we need to know that the next step of getting information from the Internet is getting personalized service on the internet, or from the experts at the company selling a service or product.  Customized landing pages do this.  In my case, I wanted to talk to a human, ask them questions, but really wasn’t ready for the buying cycle to begin.  I wanted information.   For example, this may occur when I am budgeting for a project next year.  I call this trend, “Access to Experts.”

What it means is that we shouldn’t always equate a personal inquiry with an assumption that the buying cycle is further than it seems.  It means that we still have to qualify, ask questions, determine needs and where the prospect is in the buying cycle.  It also means that the wrong behavior of pushing the sales process past where the prospect is comfortable may also kill the sale.  Knowing this fine line will become increasingly important because people have been conditioned by the Internet to just get the information they want when they want it.

You see a version of Access to Experts in chat features which provide some level of safety from the over-eager sales rep.  You also see it in social media.  I prefer the “No hassle, no questions asked, free five minute consult.”

Access to Experts will have ramifications not only for the way we sell, but also for the cost of and infrastructure of sales, and the way we measure the long term value of satisfied customers.

Did I mention that I spoke to the web services company the first time more than 18 months ago?  The reason I went back to them was that they didn’t cross the line or push the sale or try to manipulate me. They just provided the information I needed.  I respected them for this, and they earned my trust.  They decreased resistance.  Now I may open the buying cycle.

Earn their trust and they will return.

Do great things.

Lee Stocking
Prairie Sky Group
Making Sales Cry With Qualified Leads
lee.stocking@gmail.com
651-357-0110 (Cell 24×7)

Marketing and Lead Generation Minneapolis St Paul Minnesota AtlantaRecent experiments and research at the Weizmann Institute by Prof. Yadin Dudai and his students may show why we are susceptible to group pressure.

Here’s a quick summary.  They first showed a documentary film to a group, then asked them recall questions about the film three days later.  They also asked them how confident they were in their answers.

Next, they asked them back to the lab to ostensibly undergo an MRI.  While under the MRI, they again asked them recall questions, but gave them a “lifeline” of answers that the rest of the test group had supposedly given.  Planted among these helpful answers were false answers to questions the subjects previously answered correctly.   You can guess the result.  The test subjects now changed their answers to these questions giving the wrong answer 70% of the time in order to conform to the group.

The question at the root of the experiment was to determine if the subjects had just given into peer pressure, or whether there was something actually happening in their brains.  Repeating the test again, the subjects were told the lifeline answers they were given were not those of their fellows, but randomly generated answers.  Yet over half of them stuck with their new (falsified memories) answers.

For the false memories, the results of the MRI showed a strong coactivation between two areas of the brain; the hippocampus (involved in long term memory formation) and the amygdala (influencing the emotions and social interaction).  The amygdale is the lizard brain my daughter used to when thinking about her tattoo.  It may also be required to approve certain types of memories and act as an approval stamp.

The tendency to give into group pressure may have had a survival component in evolution.  When the leopard is approaching a group of baboons, you don’t have time to ask why your fellow baboon is jumping into the tree.  We are no longer baboons (only literally speaking), but we still have the synapses between the lizard brain and the hippocampus and forebrain.  So what do you do when everyone around the conference table nods in agreement to an idea that no one individually would agree to?

Do great things!

Lee Stocking
Prairie Sky Group
Making Sales Cry with Qualified Leads
lee.stocking@gmail.com
651-357-0110 (Cell 24×7)