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Goal-Setting, Planning, and Testing: The Importance of Managing Your Lead-Generation Strategy

Learning how to use lead-generation marketing to your advantage requires planning and forethought. You need to think through your management strategy before beginning efforts to improve lead generation in your company. By setting goals, creating a plan to adopt new tactics, and testing the results, you can measure how the company’s investment of budget and time helps increase the number of leads and sales.

Developing a Strategy and Setting Goals

Developing a good lead-generation strategy begins with setting goals on what you hope to achieve. Your goals should define how much you wish to increase your lead-generation efforts, by when, and at what cost. It’s amazing to me how many organizations plunge into campaigns with no idea of what they’re shooting for, how many leads they’re trying to bring in, or what level of cost-effectiveness they need to observe. When their campaign is over, they have no idea how well specific tactics are working to provide them with the leads they need or if they’ve provided a positive ROMI (Return On Marketing Investment). Often, they’ve gone over budget or executed a campaign that has provided them with a minimal number of actionable leads.

Overall, the goal for lead-generation marketing should be to use as many tactics as possible to your advantage. In defining a management strategy, you should focus your goals on three areas:


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About the Author

David T. Scott has served as CMO and Director of Marketing for Fortune 500 companies and billion-dollar organizations, including GE, AT & T Wireless, PeopleSoft, and Intermec. While working at these companies, he developed a set of strategies designed to help marketing organizations increase their lead-generation results. A graduate of the Wharton School of Business, Scott is the founder and former CEO of Marketfish, Inc.

Keeping Sales Moving Forward

Selling can be a tough profession. Keeping sales moving forward can feel like you’re slogging through mud.

Even though every living human being is selling himself or herself every day that they interact with others, you have chosen to sell in order to house and feed yourself and your loved ones. You face rejection on a daily basis, and the level of success you achieve is really all about the no’s.

You may very well hear something like this on an average day:

“Well, Jim, that new equipment you showed me sure is nice, but unfortunately I’m just going to have to say, ‘no.’”

“We appreciate all the information you’ve shared with us, Mary, but we’re not going to do this right now.”

How you respond when you hear things like that is what makes the difference between eating peanut butter sandwiches at home and being served your meal at a nice restaurant.

So, how do you respond when you hear the word “no?” Does your gut react by wrenching a bit? Do your shoulders sink in defeat? Does it show in your eyes that you’ve given up and are mentally moving on? If so, you’re probably only earning an average income, if that.


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About the Authors

Tom Hopkins is the founder and president of the renowned sales training service Tom Hopkins International. He is a member of the National Speakers Bureau and is the author of the national bestseller How to Master the Art of Selling. Today, more than 35,000 corporations and millions of professional salespeople throughout the world utilize his professional sales training materials.

Ben Katt is a multi-million dollar producer in corporate sales, and has a long track record when it comes to ‘sealing the deal.’ He has been instrumental in turning around several top companies and their sales records.

Is it a sales plan or a state of mind that feels support?

All salespeople are given a plan, a quota, or some kind of ‘numbers’ to achieve as a major part of their job requirement.

The key word is ‘part.’ The plan or the quota is a SMALL part of the achievement process.

How the company and leader supports the salesperson and his or her sales effort is another part – the MAJOR part.

The tools, the training, and the encouragement to achieve will determine the salesperson’s ultimate belief, effort, and outcome. (AKA: Results)

Sales leaders will always make value judgments on their salespeople’s ability to produce numbers, but rarely will they step up to bat and self-evaluate their own effort to support and encourage their salespeople.

Sales leaders are quick to judge the capability of their salespeople strictly by the numbers. They get reports to keep accountability high. They get reports to check on activity. They get reports to check the numbers.

CLASSIC EXAMPLE: If the number each salesperson is to achieve requires cold calling as a major part of the sales function, more than 50 percent will NOT make the grade. They will become discouraged by a 95 percent or more failure (rejection) rate, be unhappy, feel pressure, most likely lie on their sales report, and ultimately quit (or be fired).

SALES REALITY: Most salespeople resent the fact that they are held accountable for certain numbers that don’t have anything to do with actually making sales. In addition, most salespeople resent the fact that their sales training is focused on the product rather than selling skills.

BIGGER SALES REALITY. Sales is not numbers, it’s a rhythm. Any kind of sales requires you to get into a rhythm, and that rhythm be consistent. It’s not the song, it’s the backbeat. Backbeat provides the glue to music. Bass and drums, not lead guitar or vocals. Consistent beat, not a one-minute solo.

BIGGEST SALES REALITY. In order for salespeople to feel ‘in the groove,’ and get the sales rhythm, there has to be leadership support, and there has to be leadership encouragement.

Leadership has to change the word accountability to the word responsibility. The salesperson is responsible for himself or herself, responsible for their outcomes, and responsible to their boss and their company for productivity.

Once the salesperson becomes a responsible salesperson they are automatically accountable to everyone without ever saying the word ‘accountable.’

But the boss and the company also have their own responsibility to support that salesperson 150 percent.

Here are the 7.5 responsibilities sales leadership has to salespeople in order for them to make their numbers happen without ever saying the word ‘accountability’:
1. Impeccable company, product, and service reputation. This is foundational and fundamental to a salesperson’s belief system, and a prospective customer’s belief system. Belief fuels enthusiasm. NOTE WELL: Reputation arrives way before salespeople arrive.
2. Social media attraction. Active participation in social media is no longer an option; it’s an imperative. And active participation, including one-on-one communications with customers, creates attraction. Attraction is also known as leads.
3. On-demand, web based sales and personal development training. Salespeople need information and answers in order to make sales. The right training will both help the salesperson and encourage the salesperson. If they can access sales information on their mobile device while they’re waiting in the lobby for a sales appointment, salespeople will gain a new self-confidence that will help them make the sale. (Go to www.gitomerVT.com to see an example.)
4. An easy-to-implement philosophical approach to the sale. There must be an approach and a strategy to the sale that salespeople are comfortable with, and will employ during the selling process. One that takes the emotion of the selling process and converts it to a customer buying process.
5. The ability to differentiate FROM the competition. Salespeople need a value proposition, value-based statements, and value-based questions to genuinely engage any customer or prospect. And that value must be perceived as value by the customer.
6. Genuine, real-world, hands-on leadership encouragement. Salespeople want to feel the love and the support of leadership, not the pressure. Senior-level executives, and sales leaders, must be out on sales calls as often as possible. This way they discover the real world – the real world of making sales that will help them when they make the next sales plan.
7. A generous comp plan. When the comp plan changes, make sure the compensation goes up. Salespeople need a monetary carrot in order to perform at their highest level.
7.5 Internal harmony. Whatever your internal process is, there must be a harmony between sales, accounting, shipping, and any internal administration that deals directly with salespeople and/or customers.

I’ve just given you the tip of the sales performance iceberg. Most of the iceberg is not visible if the salesperson is fighting market conditions, customers, and competition to gain a competitive and profitable edge.

NON-SECRET FORMULA FOR SALES SUCCESS: Give salespeople encouragement and support and they will give you sales.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.


About the Author

Jeffrey GitomerJeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

Best Practices for Small Business Owners to Secure Government Contracts

Over the past few years, spending cuts along with budget uncertainties forced government agencies to yield on contracts. In January, Congress approved a $1.1 trillion spending bill. With a new budget in place, agencies are starting to spend money again and are looking towards small businesses to help fulfill their contracting goals.

Government contracting can be a lucrative growth opportunity for small business owners as the government buys everything from products to services. However, the process isn’t always easy for first time contractors and business owners often have questions about how to get their foot in the door. A good first step is for small business owners to visit www.USASpending.gov to find out what the federal government is purchasing and which agency is purchasing your product or service.

There are many free resources for small business owners looking to grow their business through government contracting. For example, the American Express OPEN for Government Contracts program offers events and content for small business owners to learn more about procurement opportunities. The program also provides small business owners with direct access to government agencies through one-on-one meetings and targeted agency events.

This year, the government plans to spend approximately $83 billion with small businesses contractors so the time is ripe to get started. Here are a few insider tips and competitive strategies to help small business owners get a leg up on the competition.


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About the Author

Lourdes Martin-RosaLourdes Martin-Rosa is the American Express OPEN Advisor on Government Contracting and has 20 years of experience in the federal procurement arena. She helps small businesses get contract ready and achieve contract success. For more information, visit the American Express OPEN for Government Contracts website.

The customer is stalling. What do I say now?

A common question…

Jeffrey, When a client says he or she is “still reviewing their options,” I know you say that’s the result of their ability to see the value in my product or service. But how should I respond to this objection without pushing the customer away? Thanks, Gladys

You are correct that the customer has not seen enough value to select you. And, in fact, I don’t believe you are in first position. Otherwise they would have given you more words of encouragement.

When this or any other stall occurs, you have to be prepared to communicate on a more direct level the customer with something that might evoke more truth and more respect.

Before I get down to the specifics, I want to make sure you understand the big picture – the strategy of what to do from 30,000 feet – so you can eventually get down on the ground and get to battle. Battle for the order, battle against your competition, and battle to gain the customer.

Start your thinking here:

  • Ask as much as you dare. Asking questions allows you to gain information that might lead to a sale much quicker than you giving a sales pitch about why you’re the greatest.
  • Blame yourself for their indecision. To the prospective customer you have fallen short of communicating value, even though you’re certain that you’re the best choice. Be prepared with a list of your best value offerings, and ask to meet in person to go over it.
  • Get clarity and clarification of the customer’s present status. When the customer says they’re still considering other options, obviously you need more information in order to determine exactly where you are, and exactly what to do next. The only way to get this information is to ask them directly.
  • Be certain you’re in the top three choices. If you are not number one, number two, or number three on the present list of potential vendors, there is no way to even win this business.
  • What are the options beyond price that are part of the consideration. If price is the only option, you need to know that. If there are other elements that are being factored in the sale (terms, split order, speed of delivery, quality of product, reliable service), you need to know that too.

Now for the nitty-gritty. And keep in mind that the nitty-gritty questions can only be helpful to you if you understand the big picture.

ASK: How will the decision be made?
ASK: Who else are you considering?
ASK: What are the deciding factors?
ASK: What are you hoping for as an outcome?
ASK: What happened the last time you purchased?
ASK: What has the discussion included thus far?

And to further clarify the situation, and give you some real reasons behind this stall, it may be that:

  • They don’t have the money.
  • They believe they can get it cheaper someplace else.
  • They are looking for convenience and you may be too far away.
  • They do not perceive enough value in your product or service.
  • They have a bad past history with you or an existing vendor.
  • They are unsettled as they weigh the risk factors.
  • They do not have the comfort to move forward.
  • They do not like you, have confidence in you, believe in you, or trust you enough to buy from you.
  • They have some other unspoken objection.
  • They have some other unspoken risk.
  • They are unwilling to decide based on their lack of certainty.

“Still shopping around” or “still reviewing options” is not an objection, it’s a stall that means the prospect has not found someone who gives them enough peace of mind, enough value perception, and enough confidence to move forward.

And you thought it was all about price. Shame on you!

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.


About the Author

Jeffrey GitomerJeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].