Blitz Your Way To New Business

 

Blitz Your Way To New Business

By: Jodi Cross

When was the last time a business owner or representative came to your business and invited you to try their products or services? This is not a new concept and some would argue that sales blitzes or cold calling are no longer effective. But, it is one of the first projects I organized years ago at my hotel sales job.


Recently, CNMI worked with a client to organize a sales blitz of local accounts. The blitz resulted in almost 10K in definite business and nearly 150K in prospects. Like anything else effective results are in the planning and follow up. One thing is for sure, sales blitzes can be a lot of fun and they get people out of a business as usual slump!


Before you begin to organize, identify the key business goals, special offers and need periods. Create your special offers and leave behind collateral based on those pre-determined business goals.


Here are my four “T’s” to blitzing your way to success.


Teams– Sales is everyone’s job, without it your business will not succeed. Be sure to target enough time to get all the blitz materials together and team members oriented. 15-20 days in advance is usually a good planning cycle.

  • Identify a leader- usually your head sales person is best suited to manage the efforts.
  • Create cross-functional teams by including all departments.
  • Anchor teams with seasoned sales professionals and pair them with a junior manager from another department. Cross promote specials and offers collectively.

Territories– Use Google maps or your local city and street addresses to carve out target zones with in a 10-mile radius.

  • Set anchor calls in key buildings so you don’t have any problems with security.
  • Target about 30-50 calls for your teams per day.
  • Make your appointments on slow days like Monday’s and Tuesday’s.

Theme’s/Treats-I go back to my original question of when was the last time someone invited you to do business with them and gave you a gift. In this post e-mail, Internet world many of us rarely come out from behind our computer screen let alone thank our customers personally or invite them to work with us. My background is in the hospitality industry. We are in the business to be welcoming and hospitable. What better way to make someone feel good than to thank them for doing business with you or invite them to try your services.  This isn’t unique to the hospitality industry but it certainly is one nice advantage.  Any business owner can do it. Over the holiday’s, my broker from Edward Jones actually dropped off homemade cranberry relish to my office.

  • If you are promoting holiday parties, drop of Santa cookies and wear reindeer ears. You certainly will get the office talking.
  • Perhaps you are looking for more wedding business, dress up in formal wear and leave behind wedding favors.
  • If you are in the spa business, try bringing scented aromatherapy and leave behind a token gift with a bounce back coupon valid for the next month.

You get the idea.


Tracking- All this effort will be for not if you don’t measure and track the results.

  • Set a morning meeting and nightly recap to gather the team’s cards and tracking sheets.
  • Keep a centralized report on all activities and follow up items.
  • Track revenue for all business units. Just because you were looking for catering business but ended up finding a golf member prospect that still benefits the company.
  • Develop an action item plan for follow-up that the sales team or other managers can pursue immediately while the blitz is still happening.
 

With a concerted effort and a little organization your business can see immediate results from conducting a sales blitz.

To obtain your own sales blitz tracking sheet, email Jodi Cross at jcross@crossnm.com.



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Does Discounting Hurt Your Image?

Does Discounting Hurt Your Image?

By: Jodi Cross

With all the Groupon’s, Living Social’s, Coupon Clippers and web sites offering discounts, how do you know what is right for your business? More importantly, does discounting build loyal customers or hurt your image? The answer isn’t as simple as it may seem.


Discounting drives immediate sales transactions and more visits by loyal customers at a lower rate but it can also hurt your profit and reduce your margins. When dealing with mass marketing sites like Groupon and other sites, they take their cut on top of your offer, which doesn’t leave much of a profit.


There is an upside to discounting, immediate traffic, but you want to avoid the discount driven bargain hunters who will never become your loyal customers. Many customers wait for the discount to engage with your product or service. In essence you are training them to wait for a sale. Think about the retailer Macy’s, they constantly have sales and send out coupon. It has gotten to the point where I won’t even shop at Macy’s without a coupon.


So, how can you convert the discount driven customer to a loyal customer? By getting to know them and winning their business through service and personal attention. Every business should understand your customer base and buying habits. Find out how often the same customers use your product or services? Determine if they are new customers, one-time discount users, frequent or heavy repeat customers.


Use social media and review sites to log comments and see who influencers are. For example on Foursquare there are communities with mayors who are influencers. As a business owner you should know who the influencers are and be working your business cycle to convert “First Time” visitors into regular users. Here are some rules of the road that can help avoid the pitfalls of discounting and help you build loyal customers.


If you are going to run a mass marketing promotion make it a short-term promotion, no longer than six to eight weeks then give it a rest for a few weeks. During that time analyze what your business trends and your bottom line profit.  Did you see a short term lift or did it hurt your bottom line? Did you see the type of clientele from the promotion that would fit your demographic profile and did you convert any of them to loyal customers?


Think like a “Mom & Pop” business. The one’s that remember how you like your coffee or how your shirts need to be pressed.   Build your in-house database of customers, gather birthdays, anniversaries, note their “likes and dislikes.” Create a one-on-one relationship with your customer.


Here are some tips to avoid discounting your brand image if you are planning on doing some special offers this summer.

  • Make sure all promotions have a limited time period to run with an expiration date-6-8 weeks. This creates urgency. Then analyze the results.
  • Disguise your discount with a theme or wrap it in a special event like; Mother’s Day, Fourth of July, or Labor Day specials.
  • Use discounts that support your brand and build your internal database.
  • Use bundling as a way of disguising the discount. Offer a “Tour of Italy” and bundle some spa services that include grape treatments and a glass of wine to entice trial.
  • Look into partnerships as a way to get a discount out to a select group of customers. Friends and Family discounts are very popular during off peak times.

Monitor your customer’s patterns; keep on top of review sites and social media to engage them. If you make your customers happy by providing good service they will tell others and you won’t have to discount on an ongoing basis.


Jodi Cross is a marketing consultant and freelance writer, she may be reached at jcross@crossnm.com.



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What’s In A Name?

 


Whether naming a person or a product the power of naming has been immortalized for centuries in the bible, through poetry and in rites of passage. Choosing the appropriate name is vitally important, nothing is used more than a name. Take my name for example, in Hebrew Jodi translates to bright, lively and social. Of course there was no way of knowing this when my parents named me but I would say my name does suit me. In some cultures they have a naming ceremony after a baby is born. Naming is taken so seriously in Senegal for example, that they wait a week to observe the baby’s characteristics, temperament and look at the shape of any birthmarks to determine the best name for the child.


Selecting a name plays a critical role in influencing buying decisions of products as well. A great name can enhance a company’s brand appeal, while a poor name can weaken an otherwise excellent brand. When it comes to names, brands only get one chance to make a good first impression. The name must capsulate the features and benefits of a product in a way that the consumers can relate to and understand.


At CNMI, when we develop a new name for our clients, we start with an idea generation session. As we go through our process we consider both internal and external criteria along with aspirational and symbolic qualities. 


External:

  • Ownership
  • Personality
  • Distinction
  • Reputation
  • Differentiation
  • Retention
  • Positioning
  • Share of mind

Internal:

  • Company self-awareness
  • Culture
  • Alignment
  • Cohesion
  • Individualization
  • Relationship
  • Bonding 

When determining a naming protocol, companies need to examine their target audience and key drivers, as well as how well the name resonates in tone and personality. Once this is done, consider how the name might be abbreviated and look at abstract uses. For example, Chevrolet employees are responsible for calling their vehicles Chevy. At first, management forbid the abbreviated but now it is consider a more modern way to describe their brand. People and companies spend thousands of dollars and multiple hours on the process of naming. Apparently Shakespeare was wrong when he wrote, “A rose by any other name would smell as sweet.” If a rose had been called a Monkshood instead, which means deadly foe, would we love it just the same?

For assistance with naming or marketing projects contact Jodi Cross at jcross@crossnm.com.


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