Selling to the Marketing Organization
-
Upload
marcus-tewksbury -
Category
Business
-
view
635 -
download
1
description
Transcript of Selling to the Marketing Organization
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 1
Selling to the Marketing OrganizationA workshop on being persuasive and delivering unique selling propositions
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 2
Today’s Agenda
• Tough sledding• Marketing profile• Unique selling proposition• Persuasive pitches
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 3
A Comprehensive Social Media Management Solution
Heartbreak Hill
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 4
Limited net logo growth Budget constrained by alternatives
Fierce competition with like capabilities
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 5
Commodity Offerings
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 6
Commodity OfferingsEfficient Operations
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 7
… Compounded by economics
– Media spends reduced– IT projects on hold or
canceled– Risk taking is minimized– Lower level client
associates are grumpy due to pressure (fear)
– Higher level executives are looking for alternatives.
– Outside experts called in for new perspective
– Consultants work to understand visible and ‘invisible’ problems
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 8
Tough Sledding
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 9
Exercise
Do a Sunset Review for …
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 10
Today’s Agenda
• Tough sledding• Marketing profile• Unique selling proposition• Persuasive pitches
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 11
Anatomy of a Marketing Organization
Typical B2C organization. Could include Retailers, Catalogers, Commercial Credit, Telco, etc. Various disciplines could roll up through different stacks. For example, email could roll to online, CRM, or maybe it’s own stack.
VP or Budget Line
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 12
The Problem
Declining mkt. share, margins, profit
Decrease budgets, control spending
No budget , potential layoffs
Who owns the problem? Who makes the decision?
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 13
Identify the Buyers
While at a certain level, everyone in this hierarchy are marketers and will have some shared perspectives, at the end of the day they will act to serve their own interests. Quoting Cesar Milan, you need to satisfy the dog 1st, and the breed 2nd.
? ? ??
?
?
?
?
?
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 14
Understand needs and motivations
“Stamp Lickers”One of the main functions direct marketers still play is the preparation and distribution of traditional mail. Not sexy, but there is still plenty of money made by doing things the old way. In some instances their domain reaches to include email and SMS.
Top concern is maintaining their revenue production while minimizing execution costs.
“Data Dynamites”Marketing organizations have long known the value of using data and research to improve the way they target and message to customers. In a way, it is this history that makes it difficult for them to embrace new sources of data and ways of doing analysis. Their past success leads to paralysis.
Top concerns are producing new insights that positively impact marketing and proving out effectiveness (accountability) of marketing.
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 15
Building a Buyer Profile
Titles:• Director of Marketing Database• Senior Director, Circulation and Forecasting• Senior Director, Business Analytics• Director of Application Development• Marketing Database Manager• Senior Circulation Manager• Director of CRM
Priorities:1. Maintaining revenue levels2. Reducing circulation costs by mailing less3. Create new revenue opportunities with triggered responses4. Increasing response rates by leveraging new channels5. Improving the customer experience by reacting to their
preferences6. Build customer loyalty by delivering individualized
communications7. Demonstrating financial contribution
KPI’s:• Circulation• Cost per• Store over Store Revenue• Member / Non-Member Basket• Turn time
BudgetSome likelihood this group will struggle to get incremental
budget for capital projects. Much of funding is likely to come from cost savings generated by evolving them off of traditional list processing in terms of more efficient physical mailings and enablement of cheaper channels.
With exception, they aren’t going to be top of mind from an investment perspective.
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 16
CHANNEL EXECUTION
CHANNEL OPTIMIZATION
MULTI CHANNEL MARKETING
CROSS CHANNEL OPTIMIZATION
Doing the very basics of getting the laundry out. Using store purchase history, membership data, and rented lists to execute campaigns based on static marketing calendar.
Inefficiently spending on data hygiene and delivering many irrelevant messages.
Doing the very basics of getting the laundry out. Using store purchase history, membership data, and rented lists to execute campaigns based on static marketing calendar.
Inefficiently spending on data hygiene and delivering many irrelevant messages.
The “Stamp Licker” Sophistication Curve
Some ability to track an individual member across campaign. Ability to optimize list pulls for more targeted offers.
Persisting notion of customer across campaigns reduces wasteful spend on hygiene and certification.
Some ability to track an individual member across campaign. Ability to optimize list pulls for more targeted offers.
Persisting notion of customer across campaigns reduces wasteful spend on hygiene and certification.
The ability to recognize a customer and deliver a uniform message to the preferred direct channel (mail, email, SMS, or social).
Extending and deepening the information tracked about a customer to include on and offline data sources.
Still focusing on outbound communication.
The ability to recognize a customer and deliver a uniform message to the preferred direct channel (mail, email, SMS, or social).
Extending and deepening the information tracked about a customer to include on and offline data sources.
Still focusing on outbound communication.
The ability to respond to a client interaction with customized, triggered message that is optimized around all the organization knows about the customer.
Dramatically reducing circulation and execution costs through optimized targeting. Only mail those people that are going to respond.
Creating top lift by augmenting outbound calendars with the ability to deliver targeted messages in response to interactions.
The ability to respond to a client interaction with customized, triggered message that is optimized around all the organization knows about the customer.
Dramatically reducing circulation and execution costs through optimized targeting. Only mail those people that are going to respond.
Creating top lift by augmenting outbound calendars with the ability to deliver targeted messages in response to interactions.
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 17
Exercise
Build a profile and sophistication curve for…
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 18
Today’s Agenda
• Tough sledding• Marketing profile• Unique selling proposition• Persuasive pitches
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 19
Sales 101
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 20
Lets review…
• Woo• Solution Selling• Blue Oceans• Covey• Carnegie• Demo 1.2.3
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 21
People don’t buy tools
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 22
They buy outcomes
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 23
Where does it hurt?
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 24
Insert Quote
Breakthroughs can redefine the problem
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 25
Chart your own course
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 26
Alterian Social Media Engagement SolutionsChange the Rules
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 27
Define your own “North”
Insert Quotes
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 28
Exercise
Build a USP for…
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 29
Today’s Agenda
• Tough sledding• Marketing profile• Unique selling proposition• Persuasive pitches
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 30
Carnegie quote
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 31
Only a mother…
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 32
How do you reach and move them?
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 33
Deals don’t close on the 1st Date
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 34
Establish a plan of attack
Never accept a “no” from someone who’s not empowered to say “yes”!
Play Bigs on Bigs
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 35
Set a goal for each engagement
• Changing Attitudes• Endorsement• Facilitating the Process• Brainstorming or Idea Polishing• Authorization and Decisions• Implementation
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 36
Build credibility
• Competence• Expertise• Trustworthiness
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 37
Use the power of the pack
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 38
Recognize the “unwritten” Hierarchy
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 39
Political Jungle
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 40
Connect in terms relevant to them
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 41
Present a compelling argument
• Define the Problem• State the Cause• Present your Answer• Argue the Net Benefits
PCAN Model
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 42
Some things do roll up hill
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 43Always monetize the benefit…
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 44
When is 2% not 2%?
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 45
$ 10,948,054
$ 2,154,516
When it translates to a 500% difference in revenue!
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 46
Tiger slide
Tiger 2009 Tiger 2010% Difference
298.4 Driving Distance 292 2.14%
64.29% Driving Accuracy 63.19% 1.71%
68.46% Greens in Regulation 67.01% 2.12%
1.743 Putting Average 1.781 -2.18%
4.15 Birdie Average 4.06 2.20%
68.05 Scoring Average 69.65 -2.35%
28.44 Putts per Round 29.07 -2.22%
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 47Don’t forget the story
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 48
Make the message memorable
• Make it vivid – Use physical and mental pictures.
• Use demonstrations and symbolic actions• Put your heart into it• Tell a story• Personalize it – use your own experience• Build bridges with analogies and metaphors
Selling to the Marketing Organization : : A Workshop on Reaching and Moving Decision MakersMarcus R. Tewksbury 49
Exercise
Create a pitch for …