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Preventing prospect analysis paralysis

Posted by Peggy Kriss

I had coffee with a psychology colleague who is a brain specialist. I told him about my recent post discussing how salespeople can inadvertently paralyze prospects through information overload.

He got thoughtful and asked if I wanted to know what actually happens in the brain when someone is presented with too much information—like when a buyer has to shop in a “superstore” versus a “bodega”. I eagerly said yes and this is what I learned.

First of all, he explained, we humans are motivated to solve problems. Problems create uncomfortable feelings and we are programmed to make those uncomfortable feelings go away. In fact, the feelings (FB) part of the brain (science speak: limbic system) has many lines of communication that are directly connected to the problem solving (PSB) part of the brain (science speak: prefrontal lobe). So when we experience discomfort about something not working right, that feeling gets sent directly to the PSB, pleading:

“Do something about this problem!”

Feeling some pain or discomfort is actually a good thing because it energizes us to gather information in order to find a solution. For example, a prospect may search websites, read blogs, or perhaps ask a trusted colleague for some solutions to his or her problem. The shopping process begins…BUT when a prospect is presented with massive amounts of information, the PSB, craving order, has to work “overtime” to categorize information in order to be able to make a decision.

The FB picks up the strain in the PSB and sends frantic messages to it:

“I’m overwhelmed! I don’t have enough time to figure out the best solution. What if I make a mistake?”

With all these distress signals going to the PSB, guess what happens? The PSB gets exhausted and gives up trying to solve the problem and instead shifts into survival mode. Your overwhelmed prospect is no longer shopping for a solution. He or she is using all of her energy to feel better.

“How can I get out of here? My problem is not so bad. I don’t really need to change anything. Good bye!”

ALAS, PARALYSIS!

So what can a salesperson do to avoid this from happening to a prospect? 

  • First and foremost, keep your sales communications clear, concise and well organized.
  • Use categories (sales speak-qualifiers) the thinking brain “craves” by spelling out the obvious so the prospect does not have to work so hard.
  • Gain a simple understanding of your prospect’s most important problems, identify the key ways you can help him or her and align those two tightly. (If you cannot describe how your solution solves the problem in a few sentences, then you’ve missed the mark!)

Helping buyers categorize information leaves them with more energy to make an informed purchase decision more quickly. Think about going into a superstore to buy a television. When you arrive in the TV area, you’re faced with a dizzying array of choices. Left on your own, you may get overwhelmed and bolt. An experienced salesperson, though, can prevent you from fleeing and promote thoughtful decision making by asking you a few “category promoting” questions such as:“What are you going to watch? How big is your room? Does it have a lot of sunlight? Will you be gaming on it?” This line of questioning enables you to narrow your selection and hone in on a few options to choose between.

Understanding how the brain reacts to information overload is critical to helping your prospect stay focused to make a decision. Stay tuned for Part 2 of this blog for more tips to help your prospect thrive in our “superstore” culture.

How do you simplify decision making for your prospect?

Peggy Kriss, Ph.D. is a clinical psychologist in Newton, Massachusetts and a consultant to VisibleGains. Stay tuned for more psychology informed blogs by Dr. Kriss.

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Part 2: Include prospects in the content conversation

Posted by Peggy Kriss

In my previous post, Build trust & boost sales by sharing golden nuggets, I shared lessons learned from HiveFire’s content curation user conference. I made the case that every communication we have with a prospect or client is an opportunity to build up our trust capital. What is so exciting for me is that content sharing, when done correctly, has incredible potential for boosting sales. Sharing content is a terrific way to enhance the conversation and build trust between you and your prospect. And it is no secret these days that trust is critical to the sales process.

I’ve already written about qualities of content that engender trust—in short, making it relevant, in the right amount, and without company bias. Here, I want to take it a step further and talk about how to include the prospect in the content conversation.

The best way to give your prospect a positive experience—to feel understood, engaged, and trusting—is to make the content sharing experience be personal, two-way, and collaborative. This give-and-take exchange is important because it will: 1-empower you to more astutely identify and help solve your prospect’s problem and 2- establish your credibility as an expert who can help.

Here are four content sharing tips designed to build TRUST, the “new” fashioned personal and collaborative way:

  1. Make it easy for your prospect to comment on your content. HiveFire’s solution, according to CEO Pawan Deshpande, is to use Disqus. Creating two-way engagement around the content is a way to show your prospect you really do care about being a thought leader and getting to the “truth”. Furthermore, comments give you feedback on whether your content is actually adding value.
  2. Similarly, use analytics to determine which content is read by your prospect. Why? So that you learn over time what topics capture their attention.
  3. Encourage your prospect community to contribute content as well. This gives you even more information on what topics they deem relevant and sheds light on their needs and concerns.
  4. Share content openly and make it easy to bring a prospect or client back to your site for “more”. Striking this balance will reinforce the connection between the prospect and your company—and YOU—as trustworthy thought leaders.

Is your content sharing strategy building TRUST? What are you doing to make it feel personal and collaborative?

Peggy Kriss, Ph.D. is a clinical psychologist in Newton, Massachusetts and a consultant to VisibleGains. Stay tuned for more psychology informed blogs by Dr. Kriss.

Photo credit Kris Hoet

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Part 1 – Build trust & boost sales by sharing golden nuggets

Posted by Peggy Kriss

Just back from attending HiveFire’s user conference for content curators. Content curation has taken off! My learning from the conference is that the reason why has much to do with TRUST!

gold-nuggetsWhat is content curation, you ask? Simply put: content curation is the process of sifting through the boatload of information “out there”—blog posts, tweets & news feeds—and passing on the golden nuggets others in your network find valuable.

After sitting in this curation conference and being bombarded with the “T” word, I was struck by the incredible potential content curation has for salespeople to virtually build trusting relationships as the foundation for generating sales and referrals.

I found this trust theme particularly interesting having just read a blog by Steven Woods, CTO at Eloqua, on “Trust, Reputation, and Inside-Sales”.

“There is a significant shift underway in how we establish and build trust… [having] numerous profound implications for society in general, but more specifically, it is causing significant shifts in the way that people buy… the evolution of trust is opening up new opportunities for inside sales teams.”

“As the emphasis on face-to-face interaction as a way to build trust decreases in lieu of other ways of building trust, the need to be “in the field” also decreases. It is unlikely that field sales as a discipline will disappear any time soon, the economic bar at which a face-to-face interaction is “necessary” is in the middle of a dramatic shift.”

Marketers are all over the power of content curation for building trusted reputations of brands and products. According to Hivefire’s B2Marketing trends 2011 survey, 82% of B2B marketers now use content marketing as a strategy in their marketing programs. Forrester Research cites the use of online content curation to build thought leadership and authority relationships as one of four critical emerging technologies for B2B sales and marketing.

Posting a Youtube video occasionally on Facebook to share with friends or sharing links to articles of interest with your network are forms of content curation. Chances are you already do this to some extent. Now think about someone you know professionally you consider as a go-to person or expert. My guess is that they regularly share information on a particular topic you find valuable. By doing so consistently, they’ve established themselves as a trusted source.

Bottom line: every communication you send—and online interaction you have—is an opportunity to build trust capital you can leverage strategically to boost sales. Continuously earn deposits in your prospects’ trust banks by routinely sharing valuable, golden nuggets of information. Here are a few content curation tips to help you get started:

  1. Add real value by selecting content of specific interest to an individual prospect or customer. Make sure it’s information your reader truly cares about; do not be guided by what you find interesting or stimuating.
  2. Less is more—don’t overload your prospect with too much information.  Remember, too much information and they will shut down (read more in my previous blog).
  3. Don’t be afraid to share information about your competition; it is a critical way to show that you are trustworthy.  Nobody wants to do business with an “information censor”.

Stay tuned for future posts with additional practical tips to help you create a simple, disciplined routine for continuously discovering and sharing valuable information with prospects and clients.

How are you building trust virtually? Is content curation one of the trust-building tools you use?

Peggy Kriss, Ph.D. is a clinical psychologist in Newton, Massachusetts and a consultant to VisibleGains. Stay tuned for more psychology informed blogs by Dr. Kriss.

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5 tips to get your prospect to call you back

Posted by Bill Carney

In this post we thought we’d highlight a common scenario some refer as the “Dead Zone”.  A prospect has indicated interest in some way and now you’re trying to connect.

It’s never pleasant waiting for the phone to ring and most successful people don’t. Everyone does occasionally wonder why some folks just won’t call you back. Are you struggling to get your calls returned? Are you becoming frustrated with empty promises to ‘call you back’? Try these five simple tips to increase your call backs:

Capitalize on Trigger Events

According to Craig Elias, the key to getting a prospect to call you back is to capitalize on what he refers to as ‘trigger events’. “When you cold call someone in attempt to sell them something, you’re interrupting that person’s day,” says Elias. “The dominant instinct is always going to be for that person to find any reason to get off the phone and get back to what they were doing.” At the beginning of the call or prior to it, you want to find out if there has been a trigger event – or whether or not they are already talking to the competition. If so, that means there’s an opening and you need to capitalize on this immediately.

Reference Referrals Up Front

According to Jill Konrath, the single best way to keep prospects listening is to start the conversation by mentioning the name of a respected colleague. If you do this on a message machine, chances are they will call you back.

Do Your Homework

Konrath further suggests that doing your homework – and letting your prospect know you did your homework – also increases the chance of a callback. “Let them know you prepared for this call by researching their business,” she says.

Use Your Script as a Foundation

Any salesperson knows that the script is an essential sales tool – helping you stay focused.  It’s a game of permission, so every word counts.  Your first statement earns you the next 15 seconds.  That 15 seconds leads to 45 more seconds. The first 45 seconds leads to the next minute and so on.  Scripts are guides – not the end all be all and must be used as a reference not verbatim.

Create a Deadline

Finally, as Anneke Seley points out, after every conversation you should end with an agreement from the prospect outlining the next steps. And always include a date for when these steps will be accomplished. That way, when the time for the follow up call comes around the prospect will be expecting it.

In the end combining all materials (triggers, referrals, homework, scripts, deadlines)  and their sub-components can earn you enough trust with a prospect to continue the discussion.

Links to reference materials on Amazon.com:

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When does a drip campaign become water torture

Posted by Bill Carney
Bad First Date

Bad First Date

There are many companies out there that provide the ability to create drip campaigns in marketing automation platforms (see: Eloqua, Marketo, Pardot, Silverpop). Supporting this capability are many sources that will refer to statistics.  These statistics say that anywhere from 7 and 20 repeats are required for any communication to gain consideration access.   Interestingly enough a personal dating stat from VIDA (Virtual Dating Assistant)  gave an “estimate of between 5 and 15 emails” before a meeting in person was accomplished.

After all thats what we are trying to do right?..get that first meeting (date)?

More often than not drip campaigns are still created in an impersonal way and its difficult to “fake” an engagement attempt.  Marketers are considering it a time saving device as opposed to a conversation with people. Most marketers will try to change messages based on profiles, activities with varying offers creating more and more as the campaign progresses.  Drips need to be thoughtful and comprehensive based upon participants within the actual campaign in a well thought out manner.  If your just going to link a bunch of templates together, don’t – you won’t win a lot of fans – nor get a second date (unless your lucky).

I speak from personal experience (names are not used to protect the guilty).  I received an email after I requested a download from a site that I was interested in.  I have no problem filling in a form for a company that I would like to stay linked to.  The first email was the obligatory “Thanks” and was totally expected.  The second arriving a day later was way off topic to anything I was interested in.  The third (arriving the next day) was an offer I’m not ready for yet. The forth got annoying as I’m unclear if they really understand what I was looking for.  The fifth made me opt out as it had nothing of value.  As a consumer and a seller its on both of us to uncover whether we are a match. Sending a generic marketing mail is not going to help me make a decision unless you address MY concerns. One to one communication will work as long as it’s specific, relevant, and timed properly.

Please end the torture, treat me like a human being not a notch in you sales/marketing belt. I want a relationship not a date and if its a fit, great… otherwise move on.

 

 

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Dunkin’ Donuts Cares About Me…and You

Posted by Chris Carroll

Dunkin’ Donuts Retains Customers With Social Media

I got to experience another great reason for businesses to keep an ear to Twitter and other social media outlets.  Last weekend I went up to New Hampshire to purchase fireworks with my father.  We stopped by a Dunkin Donuts to order a Medium Ice Coffee – Cream Only and a Large Hot Decaf – Cream and Sugar.  After driving for a few minutes and taking my first sip I realized that it was loaded with sugar and my dad had no sugar at all!  I was VERY annoyed so I posted a tweet @DunkinDonuts – no one messes with my coffee.

Eventually I calmed down and forgot about my coffee. Come Tuesday I see a DM from @DunkinDonuts apologizing and asking me to DM them my number.  I was interested to see what would happen so I sent my number along.

I ended up speaking to a women named Lisa.  She wanted to know what had happened so I explained I was frustrated at the time and posted the tweet.  They were going to file an official complaint and see if they could identify which person served me to write them up or recommend some training.  At that point I told them I didn’t want to get someone in trouble for messing up a coffee – It really wasn’t a big deal.  She then took my address and five days later I got a $10 gift card in the mail.

Dunkin’ Donuts really went above and beyond my expectations to make sure I was beyond satisfied.  It’s the way a company handles the screw ups that really shows character and even though they are huge, they are still taking the time to listen to customers.  This more than anything else will keep me buying their products.

Today it’s all about one to one communications delivered in a personal, relevant, and timely manner. You can have the same impact as a B2B Marketing & Sales professional. By creating alerts around your brand or content and letting your prospects and customers know you are listening, you open up a great deal more of opportunities for your company.  People are focused on themselves – its only natural.  Letting them know your paying attention helps you make a personal connection.  Are you listening?

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The Value of Video Customer Testimonial

Posted by Cliff Pollan

Your customers and prospects love to learn from each other. Getting clients to talk about their experience – both what worked and what failed – is very valuable in helping to create good thought leadership content and building trust.  That is why I  suggest you think first about the information the visitor or viewer wants to learn when creating a video “customer testimonial”.  Think of it not as a testimonial, but as sharing an experience.  That will set the stage for compelling content. This is especially valuable when the customer shares their story on video – it is authentic and the words are their words.

At Constant Contact, they are arming many people with Flip cameras to capture customer success stories.  This content is proving very valuable and a great way to get prospects to engage with Constant Contact.  Here from Judy Gern, Director of Conversion Marketing at Constant Contact during a panel discussion we co-sponsored in the Boston area last spring

Some thoughts on creating the video customer testimonials:

1.  Remember your audience -  Remember the prime goal of a customer testimonial is to share learning’s with your audience, not to promote how wonderful you and your company are.   Sharing valuable content will naturally build trust.

2.  Authentic -  Don’t worry about polishing up the video.  Your client will naturally be authentic.  They are not actors, so they should be themselves, which makes them genuine.

3.  On Camera – In general, they should be on on camera, not you.  I find that interview style works well and is more comfortable for most people who you will interview.  Often sitting across from each other works well.

3.  Good Questions -  Think of questions that describe the challenge they faced, why it was important to them, how they looked at the opportunity, results or failure, what they learned and what they acheived.

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Digital Marketers Can Easily and Affordably Outsource Their Video Production

Posted by Cliff Pollan

Yes, this is a plug, but it’s an important one. Yesterday we announced an important partnership for our growing company. While we continue to preach how easily and cost-effectively you can produce video, we realize that some companies could still benefit from professional guidance and/or extra arms and legs, at least early on.

As of today, our clients in the U.S., Europe and Asia can outsource the production of their video-enabled marketing apps, including event promotion, customer testimonials and product/service demos, to MEDIAmobz, a marketplace for creative services, particularly video production. Once you contact us (or them) you’ll immediately be matched with a team from their global network of video producers and you’ll be off and running. Video in less than 24 hours has never been easier.

To learn more about our partnership with MEDIAmobz and discover why they are such a strong global partner, please see the press release we jointly issued yesterday

Also, please don’t’ forget our upcoming Business Wire event on April 27 in Boston where MEDIAmobz will provide examples of how video-enabled marketing apps can be beneficial to your business. You can learn more about that event here.

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