Lead Generation

  • I dunno, what do you wanna talk about?

    Posted July 21, 2011 By in Lead Generation, Market Research, Strategy With | 2 Comments

    I hate pointless conversations.  They’re a waste of time (short-term) and they fail to identify opportunities (long-term).

    Walking around the exhibit hall at a recent conference, I was amazed at how exhibitors handle those events.

    From 10×10 booths to the small cities that required a semi filled with displays.  From two people sitting in a booth, talking to each other while ignoring everyone walking past, to 20 people offering trash and trinkets in exchange for the ability to scan my pass so that they could count me as a lead.

    I stopped to talk with a few people, just to see what would happen.  And what I found was that most had no clue how to talk to me.

    About half went straight into product demo mode – never asking me if I had a need or budget or the authority to buy whatever it was they wanted to show me.  And those demos were so damn long…and generic…and not relevant to me.

    Then there were those folks that made small talk but never made the transition to my needs or their products.   I was asked where I was from, who I worked with, what type of work I did for my employer, what speakers I had enjoyed, where I was staying…

    And all of them wanted to scan my pass so they had me as a lead in their database.

    That was about 90-days ago.  Since then, I have gotten a few emails and letters.  But most of the companies haven’t called or sent me a thing.  Overall, the follow up has been abysmal.  Nothing has been focused on my needs, wants, expectations or perceptions – it’s all the same commercial.

    And when you factor in booth rental, display equipment, travel, manpower, collateral…the least expensive option probably cost about $10,000.

    As a marketer, you should make sure that your sales and service staff have specific questions to ask because it will provide you with the insight you need to personalize messaging and develop more effective offers.  What does the buyer think of your company and products?  Who does the buyer currently purchase products from and why?  What do they like and dislike about their current vendor?  What problems do your products help the buyer solve?  What is their buying process?  What is this person’s role in the buying process – just because they are at the event doesn’t mean they have buying authority.

    The list goes on and on…and that’s why, before leaving to exhibit at conferences or going out on a sales call or picking up the phone to call prospects, I think it’s critical to work with sales on what they will ask and how they will capture that information so your marketing team can analyze, segment and target more effectively.

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In my opinion, the real problem for the experience you describe stems from lack of accountability.

Some marketers are focused on impressions. Not good impressions, mind you because they revolve around the incorrect application of the "branding strategy." Such managers are prone to attribute excess value to counting clicks, collecting Like Mes or the number of demos shown. But in fact, none of these equal sales.

Sales are about meeting needs, and meeting needs requires information about what the prospect does and the problems she faces.

It starts with asking the questions you mentioned -- even if it means fewer badge scans.

The "sales workers" are given goals that do not reflect sales accountability. Their companies have missed the boat because the managers themselves are required to reach numbers that have little to do with sales results.

Dare we say it? Many managers and leaders today are watching out for themselves and not the company. It mostly comes down to piss poor management. These companies need help that goes far beyond marketing. They sorely need managers who care about the company, if the company would only allow them to do it.

Thanks for another exposure into the truth of the matter. Today's companies need good and experienced managers who do not have to live with the daily fear of loosing their jobs for the wrong reason.  

Ted,

Thanks for taking the time to share your thoughts - as always, you add tremendous value to the overall discussion and I am always happy to see my Inbox tell me that you've commented on a post.

As I have said many times, there is a significant difference between 'activity' and 'productivity' - but like you said, too many forget that it's about sales, not clicks or inquiries or impressions...or scanned badges.

Have a great weekend, and stay cool!
Pat

© Pat McGraw 2008-12

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