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Sales

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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Sales 2014 – Part 2

There are four basic elements that impact whether a sale will close. First, a salesperson must connect with the prospective client and be able to step into his/her ‘shoes.’ Second, the salesperson must determine the prospect’s needs… the factors that will motivate or drive him/her to listen with the intent of purchasing. Third, the salesperson needs to understand how much weight the prospective client assigns to the product or service being sold or its benefits or time frame. Lastly, the salesperson needs to gain the potential client’s trust, projecting credibility while removing doubts.

It is the second factor which is often most important in driving the sale. The salesperson must identify the potential client’s needs and determine what is driving his/her underlying desire to purchase. In the sales process, a salesperson may discover that a potential customer has a long list of needs, but there is usually one factor that will get the person to buy. That is the customer’s ‘hot button.’ The hot button is the trigger that provokes action. It is often an emotional, rather than a practical, need. So how does a salesperson identify a potential customer’s hot button? Continue reading

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Sales 2014 – Part One

It used to be that most people – even well-educated professionals — knew very little about technical subjects outside their own area of expertise. There was no easy way to get more information about specialized subjects quickly. Finance. Insurance. Taxes. Legal issues. Investments. Property. People relied on salespeople and trusted advisors (CPA, financial advisor, attorney, Realtor) for information and guidance on specific matters. Thanks to the Information Age, that has changed dramatically in the last 20 years. Thanks to the Internet, mobile devices, tablets and laptops, abundant information is easily accessible about most any business, industry, product, or service at a moment’s notice. Potential customers can gather a great deal of information (at least the basics) about most anything… and thanks to Amazon, can order scholarly books on practically any topic within seconds. They can also shop around, find options and compare prices. Thanks to social media, they can also read reviews by others who have tried a product or service. Indeed, potential customers today have information. In fact, they have tons of it.
What people don’t have today is the ability to digest and analyze all that information quickly and easily, and figure out what is true and what is either false or misleading. They also may not be able to easily discern what information is most important or how to apply the information to their own situation. They may not be able to readily identify emerging market trends or discover true best practices. In going from an information desert to information overload, customers need guidance from experts in order to distill data and pinpoint creative applications for a given individual in a given situation. Enter today’s super savvy salesperson. Continue reading

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Customer Service: Sweating the Small Stuff

Many businesses tend to spend much of their time and money acquiring new customers. In that process, they often overlook their best source of growth, which is not in attracting new customers but rather in retaining and growing their existing customer base. When businesses are searching for ways to improve their bottom line they would do well to focus their energy on customer retention. It costs a lot less to keep a customer or get a new customer by word-of-mouth than it is to win a new customer. Case in point. A business whose model is based on monthly recurring sales (such as the cell phone, cable or insurance industries) found that historically their customers stayed an average of two-and-a-half years. Meanwhile, the customer acquisition cost for that business to just breakeven was nearly two years. If that business were to retain all of its customers by just one additional month on average, it would achieve an additional 3% of annual growth. If it retained its customer base for four additional months, it would create double-digit growth…. without adding a single customer. Clearly, keeping a customer even a little longer would be much better for that business than landing a new customer. That is true for most businesses.

If customer retention is the key to a better bottom line, what does it take to keep customers happy? Loyal? Some think that delivering a good product or service on time at a good price should suffice. Think again. Competition being what it is, delivering a good product or service on time at a good price is just the beginning. It takes more than that to keep a customer long-term. On the other hand, where companies go wrong is in thinking that it takes grand gestures and big efforts to retain customers. Actually, research shows that often it’s the littlest things that have the biggest impact. The key is to focus on the little things. Continue reading

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Five Goals for Your Workplace in 2014 – Part 2

Companies looking to be more successful and improve their bottom lines in 2014 should focus on becoming more trustworthy, transparent, ethical, collaborative and mindful of its employee needs. These goals deliver long-term gains to the bottom line. Last week, we looked more closely at two of these goals: the importance of being more trustworthy and transparent. A company can be transparent and not be trustworthy… depending on how it is behaving. It is much harder for a company to be seen as trustworthy if it is not transparent. Transparency and honesty are the coins by which trust is purchased. And trust is an essential part of any business transaction or relationship.

Today’s global, interconnected, interdependent and highly interactive marketplace also requires businesses to be increasingly ethical. Like trustworthiness and transparency, ethical business behavior has a long-term impact on corporate performance and success. But it is also a more difficult target to hit. Making increased ethical behavior a goal can help a company to align with the ever-evolving, fast-paced, information-savvy business world. Continue reading

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Storytelling = Marketing

According to the Merriam Webster dictionary, marketing is defined as “the activities that are involved in making people aware of a company’s products (or services) and making sure that the products (or services) are available to be bought.” Based on that definition, every employee is really engaged in activities that either make people aware of what the company is selling / providing or make sure it is available for purchase. Each employee is involved, in one way or another, with increasing awareness and availability of what is being sold. From an entry level clerk to the highest level of leadership, every person is involved in marketing their place of employ.

There are countless ‘marketing’ opportunities in the stories about what makes a company – any company — great. Every company has great stories about its products or services, its people, the ways that the company goes above and beyond, or the ways it helps the community. Every company has a multitude of stories, that when told strategically, have the power to convert lookers into buyers, prospects into customers, critics into fans, and one-time customers into loyal followers. A well-told, strategically-delivered story has the power to engage, encourage and enchant. You may wonder what story can the average worker have to tell and how can it be deployed strategically if the person doesn’t work in the marketing department or isn’t a great writer? You’d be surprised.
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