Monday Mornings with Madison

Yearly Archives:
2014

Attention Deficit, Part 1

There is a famous line from the movie Karate Kid (the 2010 remake) when Mr. Han, the Karate teacher, tells his pupil — who insists he is concentrating intently — that “Your focus needs more focus.” Despite the student’s insistence that he was focused, his level of focus was lacking. It is a problem that possibly everyone grapples with today. With all the diversions and noise that compete for our attention and energy in today’s world, it can be very easy to fall prey to distraction.

Do these scenarios sound familiar? Three people are in a meeting and one or more are repeatedly interrupted by incoming calls or text messages. Two colleagues are speaking by phone and suddenly one person is distracted replying to an email. Outside, a person walks down the street but is so completely immersed reading LinkedIn posts that he is almost hit by a car. Indoors and out, attention is drawn to pinging smart phones, rotating billboards, ticker-tape scrolling news feeds, bus bench ads, flashing neon signs and more, all screaming “Look at me!”. The demands for attention are everywhere.

The truth is that, for most people, their focus does need more focus. The dictionary defines focus as “the concentration of attention or energy on something.” Attention and energy are essential elements of focus. Attention describes how well you can shut out all else in order to give one thing full consideration or thought. Energy relates to how much or how long you can sustain that focus. That begs the question, just how much and how long should a person be able to focus on something without being distracted (by choice or chance)? How deeply and sharply should someone be able to concentrate on one thing without redirecting or quitting? More importantly, what — if anything — can be done to improve focus? And, if everyone is being driven to distraction, just how much is this lack of focus — by employees and customers alike — affecting businesses? Continue reading

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The Power of A-B Testing – Part 2

Last week we looked at the power and purpose of A-B testing. We defined A-B testing as a simple random experiment with two variables or options, A and B, which are the control and treatment in the experiment. As the name implies, two versions (A and B) are compared, which are identical except for one variation that might affect the behavior. Version A might be the currently used version (control), while Version B is modified in some respect (treatment).

A-B testing is used in all kinds of applications, business and otherwise. Given today’s complex marketplace, companies often use it to either determine or validate the best approach for sales and marketing efforts. In marketing, it can be used to test the effectiveness of digital ads, web pages, online tools, web offers, client preferences, and email, among other things. While it is an illuminating approach for assessing and optimizing sales and marketing efforts, A-B testing requires patience, tracking and lots of data analysis. A company’s leadership must be willing to commit the resources and provide the tools to be able to do A-B testing effectively. Let’s look at best practices for A-B testing in sales and marketing and debunk some myths and mistakes related to this powerful tool.
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The Power of A-B Testing – Part 1

What, When and How To Test

Imagine this scenario. The sales manager and production manager are working with marketing to create a promotional email for the company. After deciding on a message, they discuss what time of day to deploy the eblast. Sam thinks it should be sent at the beginning of the workday, around 9am, as usual. Mike disagrees and thinks it should be sent at the end of the day, around 9pm.

To make his case, Mike cites a recent study by Experian Marketing Services which analyzed the best time of the day to send emails. The study found that emails sent between 8pm and 11:59pm had the highest unique open rate (21.7%), highest unique click rate (4.2%), and highest transaction rate (0.34). Those were all considerably higher than during any other time of day. It was also the time of day when recipients received the lowest volume of emails. Sam is unconvinced. He cites a DEG study that found that the highest email open time ran from around 8am to about 1pm, with a small dip around 11am. Moreover, the DEG study indicated that statistically the worst open rate time was 8pm. With such different results and opinions, what should the marketing department do? If the marketing department is savvy, the answer is to do both. Say hello to the power of A-B testing. Continue reading

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When to Lead, Follow or Get Out of the Way

In every organization, business or department, there are times when a leader needs to step up and lead… chart a course, share a vision, give direction, motivate, encourage and guide. There are other times when a manager or director needs to listen to the wise counsel of one who knows more, hand the reigns over and follow his/her lead. And then there are times when management just needs to get out of the way and allow the company stakeholders to move forward… let a group function or allow a process to unfold.

It takes skill and talent to lead others. It takes earned trust and respect to follow someone else’s lead. And it takes faith to get out of the way and allow all the cogs in the machinery to turn as they should. The real challenge is to understand when to do each. That discernment is what differentiates great leaders from mediocre ones. So how does a team leader, department manager, division director or c-suite exec develop the discernment to know when to lead, follow or get out of the way? It takes practice, intuition, patience, trust and a sizeable measure of experience. Continue reading

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Forget the ‘Sales Pitch’… The Seven Cs of Collaborative Sales Conversations

Every company or business must ‘sell’ its products or services to survive. As long as there is competition, there is a need for sales. It used to be that salespeople would lob fast balls of information about a product or service at a customer to make a sale. Hence the term sales ‘pitch.’ The problem with pitching information is that the customer’s response is to either swing to bat it away or duck to avoid it. Perhaps that is why the old-fashioned ‘sales pitch’ is being replaced with a better approach.

Whether face-to-face, on the phone or via some form of messaging or social networking, the method of selling in which information is spewed at a customer like a fire hose is largely ineffective in part because the pitch approach is a monologue, not a dialogue. Those still using that approach might consider ditching the “pitch” and instead treating the sales process as a collaborative conversation…. a dialogue in which the salesperson asks thoughtful questions, listens carefully to the customer’s answers, seeks to understand the customer’s needs, and offers a valuable solution to a problem. Here are the qualities of a great collaborative sales conversation.
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Effective Email Marketing in 2014 – Part 3

Email is one of the most popular and effective yet complex and frustrating methods of marketing used today. On the one hand, email marketing is cost effective, instantaneous and has the highest ROI of any type of digital marketing. On the other hand, email deliverability is unreliable and can be technically-challenging. Beyond the basics of good message, good design and email list validity / cleanliness, there are factors involved in the email delivery process that are beyond the sender’s control. That’s because an email does not go in a straight digital line from the sender’s outbox to the recipient’s inbox. Why? Well, it basically boils down to a fundamental flaw in the system. Traditional SMTP (email) servers were never designed to deliver bulk, outbound email. They were designed for individual emails. The primary workaround for bulk email, especially those that involve large lists, is batch deliveries and that causes delays and problems.

Even with batch deliveries, spikes in email volume raise red flags with major Internet Service Providers, such as Google, Yahoo! Hotmail and AOL. Given that many of the emails sent on a daily basis could be classified as spam – in that they are sent in bulk and are unsolicited — ISPs created sophisticated systems to prevent overwhelming their networks. ISPs scrutinize every message that comes on the network and decide what to do based on certain characteristics. Sometimes this scrutiny gets in the way of legitimate email delivery. For that reason, it’s important to implement best practices that increase email deliverability. Last week, we examined such basics as improving email address collection practices, and cleaning existing email lists. We also examined a key practice of getting email permission from all contacts. Beyond the basics, there are some additional technical steps that can be taken to help with email deliverability. Here’s how.
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Effective Email Marketing in 2014 – Part 2

The four letter word in the world of email marketing is SPAM. No marketer wants its emails to be considered spam. No company wants to be labeled a spammer. Certainly no business wants to be blacklisted. And yet, it is estimated that there is anywhere from 200 billion to upwards of 1.5 trillion spam email messages broadcast daily. Just exactly what is considered spam email and what isn’t spam? Email spam — also known as junk email or unsolicited bulk email — involves identical or nearly identical messages sent to numerous recipients via email. Definitions of spam usually include that 1) the email is unsolicited and 2) that it is sent in bulk. However, based on that, when any company sends an email to all of the contacts in its database (for whom typically it does not have explicit permission to email), that is spam. Spam email was named after Spam — the luncheon meat — which is considered ubiquitous, unavoidable and (to many) undesirable.

Because of the widespread deployment of spam email, Internet Service Providers have been and continue to be focused on developing ways to identify and eliminate spam (or at least reduce the volume of it) without preventing ‘permissioned’ email activity. It is a challenge. New strategies and metrics are being developed to decrease spam email deliverability. The focus is a one-two punch. First, ISPs are punishing unprincipled email senders who deploy unsolicited, bulk emails. Second, ISPs are rewarding compliant email senders that are sending ‘permissioned’ emails. For companies that want to not only behave respectfully and ethically but , it is important to use legitimate, proven email marketing strategies. As an added bonus, email compliant senders also enjoy improved email deliverability and therefore get better results. Thus, employing email marketing best practices is a win-win. Continue reading

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Effective Email Marketing in 2014 – Part 1

Many marketers feel that email marketing has a better return on investment than pay-per-click advertising, content marketing, social media, offline direct marketing, affiliate marketing, online display advertising, and even mobile marketing. Perhaps that’s because 91% of consumers check their email at least once a day. It would explain why about two-thirds of in-house corporate marketers rate emails as having “excellent” or “good” ROI.. In fact, it is estimated that email marketing has an ROI of 4,300%. Even if that percentage is grossly exaggerated, it is hard to deny that emails are an invaluable and cost-effective marketing vehicle for most businesses.

However, recent research also shows that average inbox placement rates stand at about 76.5% globally. On average, one out of every four emails does not get delivered to its inbox. That applies just to emails where the email address used by the sender is complete, current and correct, and does not even factor in email addresses that aren’t delivered because the email address used by the sender is incorrect, outdated or incomplete. That is because there are approximately 1.5 trillion spam email messages being broadcast every day. The challenge for ISPs has been and continues to be how to identify (and eliminate) that volume without preventing ‘permissioned’ email activity. Therefore, most major Internet Service Providers are using new strategies and metrics to guide email deliverability. The focus on email deliverability is no longer just about punishing ‘bad’ emails and unprincipled email senders (a/k/a Spammers). ISPs are now considering also how to reward ‘good’ emails and compliant email senders. Given the potential value of email marketing and the problems with email deliverability, it is important for every business and manager to be aware of the major factors impacting email deliverability today and understand legitimate, proven ways to improve that deliverability. Continue reading

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Clean Data is the First Step to Effective Sales and Marketing

What is the biggest source of waste for many businesses? Few would guess that at many companies it is ineffectual sales and marketing efforts resulting from poor database management. If the contact information for prospects and customers in a company’s database or CRM system is muddy, missing or just plain wrong, it cannot be used effectively for sales or marketing. Bad contact data also makes it impossible to effectively service existing clients. Data quality is crucial to operational and transactional processes within every enterprise and to the reliability of business intelligence and reporting.

Yet, maintenance of contact information for both prospects and customers is one of the most neglected, mishandled and inconsistent processes at many companies… and for good reason. Managing such ever-changing information is a tedious, difficult, thankless and never-ending job. Database managers are seldom praised or promoted for maintaining impeccably accurate records. Yet, if neglected or even ignored completely, dirty data can be the biggest source of waste at any company. Think of the wads of money and time that go down the drain by sending emails, letters, mailers, catalogs, promotions or newsletters to bad addresses… year after year. An unmaintained database will significantly reduce the impact of most marketing efforts and waste the time of every salesperson and leader. It is a shame to implement sound business development strategies for cultivating relationships with people who are ‘unreachable.’ The question is: how can a company achieve consistently clean customer data?
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How Are Smartphones Revolutionizing Business? – 2

It is a bit hard to believe that the first mobile phone was invented only four decades ago and smartphones have been around for only 22 years. Considering that nearly 80% of all adults in the U.S. are expected to have a smartphone by the end of 2015, practically no other technology in the history of the world can boast such lightning-speed adoption. For that reason, the future of every business today resides squarely in the palm of the leadership’s hands – figuratively and literally — in how well they embrace and adapt to the world of smartphone users.

Smartphones are quickly and deeply influencing and changing people’s shopping and buying behavior. However, the high-speed advancement of smartphone technology has understandably left many companies scrambling to keep up with the new opportunities and realities that smartphones present. Companies that aren’t on the mobile bandwagon already need to jump on or risk being left behind. But how exactly does a business become not just more mobile-friendly, but specifically more smartphone-friendly? This can be a challenge, especially for companies that are not selling widgits. How can businesses make information, services and support accessible on a computer screen that is typically about 2” x 4” wide? More importantly, how can businesses leverage smartphone use to reach customers in a more timely and personal way? Continue reading

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