Sunday, September 27, 2009

The 4C's of Social Media Marketing

For serious entrepreneurs and business owners alike, social media marketing should be all about the 4C's ...
  1. Content
  2. Connections
  3. Conversions
  4. Cash
It starts with knowing your targeted customer profile and how to reach prospective buyers through your social media marketing activities. Rich content will help you get the word out and draw the intended audience to your social media sites, drive additional traffic to your web site, and help you establish key connections that can be converted into cash.

For entrepreneurs and business owners in the growth mode, the focus should be on tapping into the viral marketing capabilities of social media to build a stronger brand presence, cultivate key strategic partnerships, open new markets, launch new products and services, and acquire more customers.

In this broader context, social media marketing should be more about following the money and building profitable relationships on all fronts, and less about how many followers and friends you have on Twitter and Facebook.

To fully capitalize on all aspects of social media to grow your business, you should engage a social media expert. A social media expert can help you design a plan that is right for your business, and then work with you to develop targeted content, programs and offers to reach those new prospective buyers through social media.

Keep in mind, whether its social media or any other media, the 4C's should be the focal point in reaching the end goals for any business - more customers and more revenue.


COPYRIGHT © 2010 John Carroll

Saturday, September 12, 2009

Five Tips to Help You Sell With Purpose

Today's selling environment is much more challenging and complex than it has been in our history. Buyer's are highly educated, and the Internet has opened up vast reservoirs of information to the consumers and corporate decision makers to enable them to be better informed when making purchase decisions.

To be effective in selling to a more sophisticated, well educated and informed buyer, you must match or exceed the buyer's level of knowledge of the products and services you are selling, and be able to articulate how they will directly benefit them and their organization. You have to be able to sell with purpose.

Here are some tips to help you prepare for that all important first call to a key prospective client to enable you to sell with purpose.

Have a solid plan. You only have one opportunity to make a good first impression, so come prepared with an agenda of topics that are "top of mind" to the prospective client. Make sure to review the agenda with the prospect prior to your first meeting to get "buy-in" and ensure alignment with his/her expectations.

Do your homework. Learn as much as possible about the prospect's business prior to the call. Review all of the available resources including the company's web site, annual reports, quarterly financial statements, D & B reports, Hoover's, etc. to gain knowledge of the business.

Bring something to the table. The best way to build credibility with a prospective new client is to be a problem solver. So, focus the discussion on the known areas of the prospect's business your product or service can deliver the greatest value in solving a current problem or need.

Find an internal champion. Find an internal champion who can help you navigate the decision making hierarchy, provide you with a grass roots perspective of the company's culture, business operations and challenges, and endorse your recommendations at proposal time.

Gain commitment to next steps.
Most first calls do not result in a sale, so you need to be able to outline the next steps for the decision maker, and gain his/her concurrence as a part of the first meeting. This will help you stay engaged with the decision maker and keep the sales opportunity moving forward to closure.

The keys to effectively selling with purpose are planning and preparation, consensus building with the key decision makers at each checkpoint, and delivering a solution(s) that adds value to the prospective client's business.

Sell with purpose by being prepared to do business the moment you walk through the doors of the prospective client's office. Good luck and good selling!


COPYRIGHT © 2010 John Carroll