Archive for March, 2010

My experience with Inbound Marketing University

(Editor’s Note – We recently learned that Amazon.com offers this blog on Kindle for just $.99 a month.)

How to Blog Effectively for Business (GF101)

Inbound Marketing is red-hot. 9 out of 10 buyers say they find sellers. As a result, cold callers are competing over table scraps.

That’s why I’m taking the Inbound Marketing University training course and want all my fans to take it too.  In fact, our demand generation training course for this coming Wednesday covers inbound marketing, and I encourage our readers to take this course.

Here are my three blogging goals:

  1. Keep it short and engaging
  2. Use lots of images
  3. Encourage interaction and comments.  Respond to each using the commenter;s name.

I hope you’ll join me in this journey.  Please let us know by emailing jogden at findnewcustomers.net or commenting here.

Also, while you’re here, why don’t you download the free and highly acclaimed white paper, How to Find New Customers?

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Jeff Ogden is President of Find New Customers, a strong lead generation company Lead Generation Made Simple” He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing. Find New Customers helps business develop and implement demand generation programs to improve the way they find sales leads and acquire new customers using best practices in lead generation.

My thought leadership interview at Marketo

Recently, Marketo — a marketing automation company with an extremely popular blog called Modern B2B Marketing contacted me and invited me to share my expertise in B2B demand generation with their readers.  While this article will soon post to their blog, I’m delighted to also be able to share these insights with my readers.

Here are the questions Marketo asked, along with my answers:

(Marketo) How did you first get started with online B2B Marketing and what do you like best about it?

(Jeff) In early 2009, I observed what happening in the world of B2B sales and decided to get involved.

Recently I asked Jill Konrath of Selling to Big Companies what happened. Her tongue-in-cheek answer was “Al Gore invented the internet.”

It was clear salespeople were struggling mightily to fill their pipelines. Having read Brian Carroll’s book, Lead Generation for the Complex Sale cover to cover several times, I decided I wanted to focus on this key business challenge. I decided to pen the white paper, How to Find New Customers, which Marketo generously sponsored.

What I like best about B2B marketing is this: It is the art of developing trust with strangers.Very few people and a tiny number of businesses excel at that.

(Marketo) In your white paper, How to Find New Customers, you discussed the ever-changing buying process. What are some of your forecasts concerning the future buyer? Can you give some advice on how to stay ahead of the curve?

(Jeff) Today, buying cycles are growing longer and decision making processes are growing more complex.  With empowerment of buyers, companies are facing increasing demands to empower their people to have relevant and provocative conversations with prospective buyers.   It is getting harder and hard for businesses to differentiate themselves.

Jill gave me a great example of how someone might differentiate themselves.

Printers are everywhere and their presses all do about the same thing.  If those printers talk about customer service and speedy delivery, they all sound alike.  However, if they focus on restaurant menus and help the restaurant design menus that engage the diner and increase the average ticket, they can truly differentiate their offerings.

Not only do they need to differentiate themselves but they also need to earn buyer credibility.  More and more buyers look for sellers to be experts in their business.  It is incumbent on B2B sellers to ensure their marketers and sellers demonstrate that expertise.  It’s no longer good enough just to know your product.

(Marketo) With all the various social media channels, what are your recommendations for B2B marketers looking to generate leads, find customers and create brand awareness?

(Jeff) I believe it is more important than ever for businesses to develop deep buyer personas and really get inside the minds of their prospective buyers.  Only with deep understanding can they determine where best to invest their marketing funds in social media challenges.

While they do the research, they will also likely find their prospective clients more fragmented than ever.  This is why most businesses need to use multiple social media channels.  I believe every B2B company today should have a really well done FaceBook Fan page.  They need to be very active on Twitter – especially listening and responding.  They need to have a very active blog and be reading blogs by other industry leaders.

In terms of increasing brand awareness, they need a deep and simple idea of what they stand for, and keep reinforcing it.  For instance, I have a slide share presentation on Linkedin entitled “What is a fearless competitor?”  Everything you do and everything you say needs to reinforce that message.

(Marketo) In your blog, Fearless Competitor, you discussed lead nurturing in detail. What are your top 3 tips for companies looking to get started with lead nurturing?

(Jeff)

  1. Go back to developing that deep understanding of buyer personas.  If you with to read more about this, I suggest you pick up the terrific book by Ardath Albee entitled eMarketing Strategies for the Complex Sale.
  2. Focus on story-telling.  Take the prospective buyer on a journey from Problem to Solution in a step by step manner with small and exciting tiny bits of information.
  3. Use the idea from TV and radio of a “cliff-hanger” and tease them with what they will get in the next episode.  I especially encourage businesses to hire journalists to help them craft stories and cliff hangers today – they are out there.

(Marketo) What are some techniques and innovative strategies thatB2B marketers should use to help better align their efforts with the sales team?

(Jeff) Watch your language.  More than ever, both marketing and sales need provocative and customer focused language to engage prospective buyers.  They need a clear understanding of business problems to articulate their value in terms that the buyer uses.  And they need to equip both marketing and sales with the tools for success, including good Customer Relationship Management software, trigger events like InsideView, and marketing automation like Marketo.  Empathy is the goal – one must develop and demonstrate it.

They need to develop good customer attraction strategies to offer real value and nurture prospective buyers regardless of their timing to buy.

Continue reading ‘My thought leadership interview at Marketo’

4 CEO Priorities in 2010

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Price WaterhouseCoopers recently released their 13th annual Global CEO survey. (Thanks for Arthur Clark of Clark Search Group for sharing it.) But my busy readers don’t have time to read the whole report, so I share the 4 key points here.  ’

You’ll get key take-aways quickly.

Smarter Growth

  1. Cost-Cutting
    This was the top priority last year and, though down a bit, it remains #1.  Companies are looking to cut costs, plain and simple.

    Take-Away: Do you help them reduce costs?

  2. Managing Risk
    This surprised me a bit.  CEO’s have a major focus on reducing risk.  Assessing strategic risk is the top priority for Boards.

    Take-Away: Do you help them take out risk?

  3. Retrenching
    Basic blocking and tackling here.  Focus on existing markets.  Use internally developed cash.

    Take-Away: Do you help them with the basics?

  4. Cost, People, New Customers
    Where’s the money going?  Cost efficiencies, leadership development, and organic growth — in that order.

    Take-Away: Are you focused where they are?

Click on PWC CEO Survey to access the data.

What do you think of this survey?  Do you agree with these priorities?  Tell me what you think.

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We’re also proud that Find New Customers scored a 99.6 out of 100 in HubSpot’s website grader.  Thanks for all the links everyone!

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

Wrapping up week one of demand generation training

This marks the end of week one of Demand Generation training. Hope everyone is finding great value in it.

We’re sending one email per day — each one on one demand generation top — to each of the people who registered.

Starting at 11am ET Monday, the training course will cost $79 for the one month course.

Have a wonderful weekend all.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

The Giant Who Was More than a Match

Marketing is about great story-telling, so pull up a chair and listen.

Once upon a time there was a tiny village cursed by a ferocious monster who blocked the only road leading into and out of the village.

Many courageous knights set out to fight the monster, but no matter which weapon they chose, the monster with his magical powers would match the weapon with more than double the power.

The first knight, who brandished a club of wood, was flattened by a club of wood twice its size. A second knight tried to burn the monster with fire, but was sizzled to a crisp when the monster blew a fire twice as hot back at him. A third knight attacked the monster with a sword of steel, but was sliced in half by the monster’s magical sword – twice as sharp and long. The fate of these knights convinced the townspeople that the quest was useless and they lived with their suffering.

One day Jack, the village fool, announced he would vanquish the monster with his new idea.  Almost everyone laughed at Jack.  But a handful of curious people marched out with him.

The monster raised up to its full height and roared, causing the ground to shake.  He glared at Jack and the townspeople trembled with fear.  But Jack took a apple and walked right up to the monster.  ”Are you hungry?” Jack asked. The monster opened his massive mouth and a lady fainted with fear. But the monster gently took the apple and ate it.  Then he raised it up in his fist and brought it down in front of the crowd.  When he opened his fist, the crowd was shocked to find two apples — juicier and redder than before.  In the same way an clay urn of water was given to the monster, only to be replaced by two clay urns, with sweeter and clearer water.

The crowd ran back to the town to share the news of this miracle.  When they returned, they found Jack and the monster side by side, smiling broadly.  Now they realized what they thought was a curse, was actually a blessing.

Adapted from Ed Stivender’s retelling of Aaron Pipers “The Giant Who Was More than a Match.”

Want to engage buyers and develop better relationships?  Learn to tell great stories.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple” He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing. Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

The story of Old Joe

Have a difficult boss, partner or employee? Are they stubborn and unwilling to listen?

Instead of confronting them and telling them what they are doing wrong, use a story.

As an example, look at the story of Old Joe, a country farmer.

Old Joe was a farmer with a neighbor who lived across from him for years and years. Their families grew up together and their wives died about the same time, so Joe and his neighbor had only each other.  Often the words they spoke would be the only words they said all day, until one afternoon when they spied a calf outside the window.  The neighbor said “Hey, look at my calf out there.”  Joe replied “Any fool can see from the markings that the calf is mine.”  They began to argue until cruel words ended in silence.

Months turned into years, but words were never spoken.

One day a traveling carpenter knocked on Joe’s door. He needed work and looked decent enough, so Joe invited him in.  After giving him soup and a bit of bread, Joe said “See that creek over there?  It’s wasn’t there yesterday.  My damned fool neighbor built it.  He took a plow, dug a ditch and flooded it, just to spite me. ” The carpenter nodded. Joe said “I have a job for you.  I want you to build fence — a really high one — so I never have to look at this fool again.”  The carpenter replied “I think I can do a job that will make you happy.” He and Joe agreed that the next day, the carpenter would take the wood and build a fence while Joe spent the day in town.

The next morning, Joe hitched his wagon to the horses and headed into town early.  It was late and the sun was setting when Joe headed home.  As he crested a hill, he saw what the carpenter had done.  Instead of a fence, he had built a bridge across the creek.  Furious, Joe whipped his horses to hurry.

As Joe arrived, he started to climb down to give the carpenter a piece of his mind. But before he could, the neighbor crossed the bridge and gave him a big hug. “Joe, you are a bigger man than I am. I’d never have had the courage to build a bridge.  I reckon that calf was probably yours after all.  Can you forgive me?”  Joe hugged him back and whispered “Nothing to forgive.” and glanced at the carpenter, who winked and smiled at him. Joe asked the carpenter to stay around, but he said he had other work to do.

From The Story Factor, by Annette Simmons

Instead of confrontation, tell a story like Old Joe.  They’ll get the message.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

How Silicon Valley gets it wrong – by Guy Kawasaki

“The most important thing is that you hire people who complement you and who are better than you in certain areas.

Time and again in Silicon Valley, two engineers who are founders of the company have a very unique perspective. They believe that engineering is hard, and everything else is easy. Sales, marketing, finance, operations — all that is easy.With this perspective, they think that if they set their minds to it, they could be the best VP of any of those areas.

However, in a perfect world, someone who is a great engineer and founder would appreciate the difficulty of marketing, and hire a marketing person who is far better than he or she is. Hardly anyone has that attitude, though.”

Guy Kawasaki, founder of Alltop and managing director of Garage Technology Ventures, from the New York Times, 3/21/2010

Editor’s Note: Guy’s right.  Marketing is a discipline — especially with how the world has changed. To learn just how much it has changed, read Inside the Mind of the B2B Buyer: New Paths to Purchase.

It’s best left to professionals — like Find New Customers.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

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“The Office” and the world of sales

The most recent episode of The Office was all about “New Leads.”

Salespeople were going crazy, looking for the latest leads from corporate.  Of course, Michael screwed it up and the leads ended up in the dump.

This episode rang true for me. Salespeople need leads, and the techniques of the past, such as cold calling and blasting out emails, rarely if ever work today. And just like the salespeople in The Office were desperately looking for leads, so too your salespeople look for leads – desperately.

Where do leads really come from?  It’s not as simple as having corporate blow a wad of money like Dunder-Mifflin.

Today, you need Content Marketing, Lead Nurturing, Lead Scoring, Progressive Profiling, Buyer Personas.  Huh?  Doesn’t make sense?

Head over to Find New Customers. Download How to Find New Customers. Then contact us and let us help you make your salespeople very, very happy. Dwight, Jim, Meridith and the rest will thank you.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed demand generation white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

Are You Going Too Far in Your Sales Calls?

Special guest article by Jill Konrath of Selling to Big Companies.  She’s my all-time favorite and I’m pleased to share the great article with my readers.

Call me a prude if you will, but I’ve had it with sellers who are totally clueless that they’re going too far, too fast in their initial meeting with me. The worst thing is, they have no idea how their actions are perceived.

Could you possibly be guilty of this promiscuous behavior? If so, do you have any idea what it’s doing to your reputation?

The Fantasy

Let’s say I’m your ideal prospect. You call me up, catch me on the phone, deliver a message that piques my curiosity and I agree to meet.

Sounds like the perfect scenario, right? If you’re like most sellers, you’re probably pretty excited about our upcoming meeting. After all, I’m one hot prospect who’s interested in what you’ve got.

So what happens when we finally get together? Initially you focus on building a relationship with me. You thank me for agreeing to meet. We chitchat for a few minutes about little things. Then you ask me about my company to get me talking about business.

After you’ve warmed me up, it’s time to get serious. Since I agreed to meet, clearly I want to learn about your company and offering, so an overview comes next. You want to make sure I understand all the salient details about your organization, its history and more.

Then it’s time for a few questions. Perhaps you start by assessing if I’m a qualified buyer with money in my budget. Or, you might focus on my very specific needs so you can determine the appropriate solution.

Following that, you present information on the products or services you think I’d be most interested in. When I start asking questions, you get more excited. We’re connecting, bonding, getting closer to consummating the business relationship.

The Reality

But the truth is, you are dead wrong! You’ve totally misjudged my interest level and thus, lost the opportunity to do business with me.

Why? You don’t understand how I (your prospect) think. You assumed that my interest meant one thing, when it fact it signifies something entirely different.

In SNAP Selling (coming in May), I’ve structured the whole book around the three primary decisions your prospects make:

  • First Decision: Allow Access
    When you approach a prospect with an enticing message, they’ll agree to meet-perhaps by phone, web conference or in person. They’re willing to invest a small bit of time with you. You’ve moved them from being oblivious about your existence to curious.
  • Second Decision: Initiate Change
    In the second decision, your prospect evaluates if it’s worth it to change from the status quo. They’d prefer not to because it takes a lot of extra time and effort. But, if they can see that all the hassle and pain leads to a better outcome, they’ll do it.
  • Third Decision: Select Resources
    Once your prospect decides that change is worthwhile, then they want to learn about your product or service. Understanding your differentiators becomes important to them. Even the risk of doing business with you is considered. At the end of this decision, they pick the option they determine is best for them.

Understanding the difference between these three decisions is imperative to your sales success. At each stage of the process, your sales behaviors must change if you want to keep advancing your relationship. Failure to get it right means you get dumped.

So Here’s the Deal

Over 90% of the people you meet with are in the Second Decision phase. They’re trying to determine if they want to change.

But there you are, trying to seduce them with all the cool things about your product, service or solution. That’s Third Decision behavior. It’s way too much information about your offering much too quickly. And, it’s coming at a time when the focus should be on helping your prospect assess the ROI for moving off the status quo

When you prematurely elaborate, you set up a lose/lose situation. Prospects don’t want to have anything more to do with you, even if you could have made a difference to their business. From their perspective, you’re only concern is making a quick sale. While that wasn’t your intent, that is how you’re perceived.

Anytime you meet with new prospects, first find out if they’ve already decided to change. If not, don’t talk for more than a few minutes about your offering or company.

Instead say, “While many of our customers have realized significant value from changing, what we really need to do is determine if it makes sense for you.” Then, be prepared to ask questions that lead to that outcome.

Don’t sabotage your chances of sales success by trying to move too quickly. Slow down. Way down. Ensure your prospect has made the Second Decision, before you jump into Third Decision behaviors – or suffer the consequences. You can’t rush a relationship!

Jill Konrath, author of Selling to Big Companies and SNAP Selling, helps sellers crack into corporate accounts, shorten sales cycles and win big contracts. She is a frequent speaker at annual sales meetings and association events.

For more articles like this, visit http://www.SellingtoBigCompanies.com . Get a free Sales Call Planning Guide ($19.95 value) when you sign up for the Selling to Big Companies e-newsletter.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.


Inside the mind of the B2B buyer — demand generation training

Another great session with Genius and DemandGen Report yesterday on the results of their survey of B2B buyers.

The bottom line: the world is very different from the way it used to be. If you are using traditional outbound selling approaches, such as cold calling and email blasts, it’s barely working.

I also got an email from my friends at Avitage who shared some remarkable stats.  Could not agree more.

“Research firm IDG recently found that buyers’ perceived lack of relevant content is responsible for reducing a vendor’s chance of closing the sale by 45% — and that buyers say they only find relevant content 42% of the time.

These two facts scream that relevant content is critical for fueling the buying process and powering lead generation, lead management and marketing automation programs.”

I’m teaching a demand generation class starting Monday.  It’s free.  Sign up at Demand Gen Class.

The webinar on content marketing with Joe Pulizzi is now available.  Get it at Content Marketing.

Great guest article from Jill Konrath of Selling to Big Companies coming tomorrow.

Jeff Ogden is President of Find New CustomersLead Generation Made Simple

He’s also the author of two highly acclaimed white papers, How to Find New Customers and Definitive Guide to Making Quota, as well the ebook, Prospect Driven Marketing.

Find New Customers helps business develop and implement programs to improve the way they find and acquire new customers using best practices in lead generation.

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The Fearless Competitor

@fearlesscomp on Twitter

B2B Marketing and demand generation best practices. Dad, husband and passionate fan of my alma mater, Notre Dame. Team builder, company transformer and difference maker.

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