Inbound Marketing is the future of marketing and the marketing and PR industry is rapidly transitioning from the old World of outbound interrupt marketing to inbound or permission marketing as it is also known.
Inbound marketing works and has been proved in thousands of instances to lower the cost of marketing and to create a content legacy that keeps on generating mind-share, traffic and leads for both very small and very large companies.
We can now assign rules for the execution of a new inbound marketing project to ensure the likelihood of a positive outcome and rapid return on the investment.
The purpose of this article is to highlight the effort required to be successful with Inbound Marketing, not to lay out the rules for inbound marketing success, that is another article.
I have excerpted a passage (in italics) from a recent article, Inbound Marketing Benefits by the Numbers, by John McTigue at Kuno Creative to identify the effort and costs of inbound marketing success.
Mark Gibson
Recent posts by Mark Gibson
4 min read
How to Succeed at Inbound Marketing and then Totally Fail
By Mark Gibson on Oct 12, 2022 12:00:00 AM
Topics: inbound marketing hubspot inbound leads
2 min read
The Bonfire of the Challenger Salesman - my worst sales call
By Mark Gibson on Oct 12, 2022 12:00:00 AM
I still cringe when I think about it. One of the worst experiences in a 30-year career and it was entirely my fault. Only in sales are you able to make a bad call and move on to the next one, with almost no repercussion – hopefully having learned a lesson.
Topics: challenger sale sales soft skills rapport empathy
2 min read
Three Tips to Overcome the Channel Sales Enablement Blues
By Mark Gibson on Oct 11, 2022 12:00:00 AM
Channel Sales Enablement
Channel sales enablement is an ongoing process of messaging, training, marketing, communicating, coaching and leading by example and, when implemented correctly helps reseller sales teams to succeed in selling your products and services.
Success starts with a crisp and clear value proposition, essentially a pact between you and the buyer: i. How is it exactly that you create value for your prospective buyers, ii. What can the buyer reasonably expect from using your products or services?
I recall the early days in the channel at MicroStrategy, prior to the release of MicroStrategy7 and our first proper API; when not only our message was vague, but our code-base was vaguer; - a huge Visual Basic executable that was a bear for partners to interface their applications. We had a commissioned sales team pounding the streets signing up anyone who would meet with us and 90% of the partners we signed didn't open the box....sound familiar?
Lots of activity, but no pull through - you may have the channel sales enablement blues.
Topics: channel sales whiteboardselling enablement Avnet
3 min read
We’re doing all this marketing 2.0 stuff, but nothing’s working!
By Mark Gibson on Oct 10, 2022 12:00:00 AM
I spoke with a prospective client this week in the marketing services business and after a brief introduction she expressed her frustration, "We’re doing all this marketing 2.0 stuff, but we're not getting in the door".
Prior to the call I ran a Marketing Grader report and her Website scored above 65% in all three areas of all sites graded for Inbound Marketing potential by HubSpot's Marketing Grader.
The crux of the problem is that you can be doing all this Marketing 2.0 stuff and still failing if you're off target in your messaging and out of sync. with market and using sub-optimal practices.
In this case, the marketing services business is transforming rapidly from the old interrupt driven model of push-marketing, advertising and PR placement, to the opt-in, inbound marketing model of content creation, social networking and community building, underpinned by analysis and testing.
The issues that surfaced during our conversation are common symptoms of the structural change in this sector and they are summarized below;–
Topics: inbound marketing hubspot marketing messaging
5 min read
Sales Talent is Overrated—Practice is key to Sales Performance
By Mark Gibson on Oct 9, 2022 12:00:00 AM
Want to be great at golf or in sales? Anyone can be great at golf, provided they are physically able and prepared to put in the hours of disciplined, deliberate practice and get regular feedback from a professional coach.
Want to be outstanding in sales? - same rules apply; anyone can be truly great in sales - if that’s what they really want. Maybe you don’t aspire to be a truly great golfer or become an outstanding salesperson, you just want to get better - so you can have more fun playing golf or improve sales performance. Then this post is for you.
Tiger Woods is an elite athlete. If he remains healthy and unimpeded by injury, he may become the greatest golfer the World has ever known and his records (and those he has yet to set) will likely never be beaten. Why, what sets Tiger apart, how can I make such an emphatic statement? April 16. 2010. (Since this article was published, the Tiger Woods sex scandal became public knowledge. It is not clear at this stage that he will regain the confidence that fuelled his earlier success, or ever if he will ever win another major.) August 13th. 2012, The pundits are shutting the door on Tiger Woods after the Rory McIlroy win at the US PGA CHampionshipo at Kiawah Island yesterday, but Tiger has plenty of time and events in front of him to overcome his current lack of confidence.
His father Earl Woods introduced Tiger to golf at the tender age of 18 months. By the time Tiger won his first his first US Amateur Championship at age 18, he had built a foundation of fifteen years of deliberate practice and had been competing at top levels of junior golf for the prior ten years. What sets elite athletes in any sport, elite musicians, top surgeons, pilots, ballet dancers, investors, chess players, sales-people apart from the rest? Were they born with some innate gift?
The 10,000 hour rule
The evidence suggests this is not the case and many researchers in the field of great performance, the most prominent of whom is Anders Ericsson, Professor of Psychology at Florida State University have proven that truly great performance is a combination of years of deliberate practice, plus intrinsic drive and passion for their chosen field. Leading scientists all agree on the ten-year rule; no one gets to the top of their profession without ten years (or 10,000 hours) of sustained and deliberate practice.
The problem for Tiger's peers is that they will never catch-up on the practice, unless of course Tiger stops practicing but continues playing - and that is highly unlikely. Selling, like golf is a skill or craft, except you don’t need any special equipment and you don’t need to go to a golf course or practice range to do it; but you do need to deliberately practice the skills and get feedback from professional coaches and skilled managers in order to improve.
Deliberate Practice
Deliberate practice isn’t what most of us do when we practice. When we practice golf, most of us go to the range and hit balls, chip shots and maybe putt for a while and we’re done. Deliberate practice according to Anders Ericsson and other researchers isn’t work and it isn’t play. “Deliberate practice activity is specifically designed to
• Improve performance, (often with a teachers help)
• It can be repeated a lot, (high repetition is essential)
• Feedback on results is continuously available,
• It’s highly demanding mentally and it isn’t much fun”.
According to Noel Tishy Professor of Management & Organizations at the Ross School of Business at the University of Michigan, former head of GE’s famed Crotonville Management School, only by choosing to practice activities in the learning zone can progress be made.
Identifying and continually seeking those unsatisfactory elements and striving to improve them is what makes practice deliberate. Tichy illustrates the point in the diagram, where improvement only occurs when people practice outside their comfort zone.
Hard Work Alone Wont Do it
Years of hard work alone will not improve anyone’s performance at anything. Without deliberate practice outside a person's comfort zone and without the help and feedback from a coach, no improvement in performance is likely, regardless of the discipline. This explains why so many salespeople (and golfers) do not progress past a certain level of performance...they don't like operating outside their comfort zone, yet this is where performance imrovement opportunity lies.
Having recently led a series of classroom sales training courses where salespeople were required to perform multiple video-taped and critiqued role-plays I can offer some insights into what skills a salesperson should practice. Let me repeat, the journey to excellence is painful and at times wearisome, which is why excellence is only achieved by the few. Of the 50 salespeople in the role-plays, only one performed an exceptional call. Role-playing isn't something salepeople like to do, in fact there is usually a great deal of resistance to it. Why? - because the close examination of performance and skill under their managers and peers critical eyes is way outside most salespeople's comfort zone.
Communication, language skills & Coaching are key
The skills that matter in sales are not managing the CRM system or creating account plans or reciting product features and benefits; they are communication, language, listening, rapport, empathy and interpersonal skills which are undeprinned by an understanding of the psychology of human behaviour. Read my post on Soft-skills - Hard Currency for Sales Professionals.
These skills require regular practice and daily use with feedback until they are mastered and it will take years until they are all fully integrated into a salepersons make-up. Classroom training sessions are not an effective preparation for success in sales, unless they are part of a structured curriculum underpinned by a learning methodologywhich includes;
- Performance Support to master the theory elements of interpersonal psychology, communication and language,
- Honest feedback on actual performance in face-face or telephone selling situations from coaches and field sales managers,
- Regular role-playing in the branch with peers, sales managers and expert coaches,
- Self assessment after every call as to what went well and what could have been improved,
- Regular performance assessment from managers, certification and advancement.
Topics: sales training book review
8 min read
2019 Verizon DBIR- Lessons Not Learned
By Mark Gibson on Sep 19, 2022 12:00:00 AM
Verizon's Data Breach Investigation Report turns 12 this year. This year’s report contains data from more than 41,686 security incidents, of which more than 2,000 confirmed breaches submitted by 73 data sources spanning 86 countries and analyzed by Verizon security experts.
Topics: #cybersecurity verizon DBIR
4 min read
How Much Does a Whiteboard Story Cost to Create?
By Mark Gibson on Sep 19, 2022 12:00:00 AM
People ask me this question when they are curious about creating whiteboards, and the truth is that it depends on your purpose and your desired outcome. In this article, I discuss various whiteboard types, their purpose and a process for creating a whiteboard story.
Topics: consultative selling challenger selling storytelling whiteboard storytelling commercial insight
3 min read
Rules for Buyers During a B2B Sales Call
By Mark Gibson on Sep 14, 2022 12:00:00 AM
It will also serve to minimize the inconvenience and continuing lost profits the buyer's company is making without your solutions.
The Rules
- When a salesperson calls you on the phone, you will stop what you are doing, pick up the phone and smile when you say, "Hello, this is (Your Name), how are you?"
- You will be amused with the variety blurting-out, fumbling, 90-second introductions without breathing, awkward silences and obvious lack of preparation, professionalism and nervousness of the salesperson.
- After they have finished their intro, you will ask, "how can I help you"?
- You will refrain from hanging up, giving excuses about being in a meeting, or chastising your administrator, who let this call slip through.
- If the salesperson is planning a trip to your location in the near future, you will consider it a stroke-of-luck and make space on your calendar to accommodate an in-person call.
- You will hear the salesperson out and never ask them to send more information in an email or to call back at a more convenient time for them, because what they have to say could save you and your company serious money.... even get you promoted!
- You will answer all questions the salesperson asks to the best of your ability, regardless of their nature, how many they ask or the irrelevance to your role and business.
- You will disclose any pain or discomfort in your physical condition, even a minor back-ache, because salespeople ar looking for pain and may have something in their bag that can help.
- You will inquire about the features of their products and be curious about who else is using them and the benefits they are getting and welcome any opportunity to see the product in action in a live demo.
- You will smile knowingly as the sales rep plugs in the Lap-top, fumbles with the LCD technology, or these days, more coolly passes you the iPad and brings up the PowerPoint presentation or video clip.
- Most importantly, during the presentation you will refrain from playing with your smart-phone and stay focused on the bullets and message, because there is infinite wisdom, somewhere in the presentation.
- You will wait until the salesperson has emptied your bucket of potential objections and enjoy the festival of the salesperson digging holes for themselves while trying to counter them.
- You will never promise to get back to the salesperson unless you truly mean it.
- You will nod and promise not to smirk when the salesperson asks any question beginning with "If we could show you a way...."
- You will be grateful when the salesperson interrupts you before you have finished your sentence (while you are discussing the issues that are important to you) and then tells you what you need to do (use their product), because the sooner you find out, the better.
- You promise to engage any salesperson with an earnest and professorial look on their face; possibly wearing a chalk-dusted sports coat with leather elbow-pads, carrying a pipe, wearing a sword on their hip or carrying a lance, or even wearing a measuring tape and carrying a pair of scissors. They are Challengers and are going to challenge your assumptions and to teach you about the hidden jewels in your business, that only they can help you discover.
- This is the biggie - never lie to a salesperson- we can tell!
Content to Support Sales Conversations
We can help sales, marketing and sales enablement leaders with content deployment, content strategy and to create the conversational content that your team needs to avoid the above, including:- Ideal customer profiles, including persona's, problems and causes,
- Relevant capabilities and competitive positioning,
- Call preparation guides,
- Why Change and Point of View conversations,
- Inventories of emails and customer stories,
- Key questions to ask and key objections and counters,
- Facts, data, analyst reports, insights,
- Visual support, video, webinars and ebooks,
- Curated 3rd party content to nurture opportunities.
If you found this amusing or have committed any of the sins above, or know someone who needs to read the rules, please pass it on.
Topics: sales enablement sales conversations conversational content
4 min read
The Highs and Lows of Business Travel - and what you can do about it.
By Mark Gibson on Sep 13, 2022 12:00:00 AM
While this story is not strictly about business travel, it's very relevant to business travellers and I thought it worth sharing.
My wife and I had been undecided as whether to attend a winetasting in Santa Barbara, CA. this weekend and made a late decision to go. At the last minute, accommodation options in Santa Barbara were very limited and we made a booking for Saturday evening through the Extended Stay America hotel website direct on Thursday.
My wife received email confirmation of the booking on her cellphone on the dates she had booked, but she did not open the email on her desktop email system that indicated that the hotel was booked for Thursday-Friday. Neither did she check to see if there was a booking confirmation number on her cellphone email
After a 4 hour drive and afternoon of wine tasting, we were looking forward to a restful stay at our hotel a few miles from the winetasting venue. The first inkling that there could be a problem was when we got to the hotel desk and heard the clerk advising a couple that there was no availability and that everything in Santa Barbara was sold out.
Our turn at the desk came and I got that sinking feeling when the clerk began questioning us to the possible names the booking was made under and asked if we had a reservation number. My wife opened her cellphone email and found the booking for Saturday evening, but there was no confirmation number. On her desktop email, the booking was confirmed for Thursday and Friday on the day she made the booking. Clearly there was a problem with the booking.
At this point we have two options, either get mad at the clerk and vent our frustration and demand that they solve the problem on the spot, or call the hotel company and get mad at them and demand that they solve the problem while we fume on the phone, threatening never to use their services again and slagging them off on social media.
The other alternative is to shrug your shoulders and say bummer, - and begin to create options for yourself to solve the problem that don’t involve you becoming enraged and upsetting others.
While my wife was on the phone with Extended Stay, I chose the latter and asked the clerk for a Wi-Fi password and began looking at alternatives. After a few minutes we found a hotel 30 minutes up the road we had already traveled and made a snap booking as there were very few available options remaining.
We spent the night in a Motel-6, not our first choice for accommodation, but it was the last room within a 30 minute drive. We had a good night’s sleep in a room that was clean, where the beds firm, but comfortable and we got a $10 discount on the room… whoopee!
This morning in one of our favorite breakfast places, Andersen’s in Santa Barbara, we had another encounter that we have all seen played-out badly in restaurants.
We arrived at the restaurant at 10AM, were served coffee and juice and our orders taken. The food was taking a long time coming and a clue that there might be a problem was when the people sitting next to us, who came 10 minutes after us, were served their breakfast. Bummer
I inquired as to the whereabouts of our breakfast and the hostess gave us a curt “this is Sunday morning” reply. Fair enough I thought, it’s a busy place and the food is worth waiting for. However it was now 10.45 and still no food. A few minutes later our curt hostess came back to our table and apologized that our order in fact had gotten lost. Bummer
Meanwhile the people next to us were paying their bill.
I was getting a little impatient and could easily have made a scene, passed a rude comment and stormed off; but that would only upset me, the staff and immediate patrons and we would still be 30 minutes away from breakfast. Finally the food arrived at 11AM and we were advised that everything would be complimentary. Whoopee.
Our curt hostess asked if we liked champagne and returned with two glasses… the Sun was over the yardarm somewhere. Whoopee.
I reflected on this experience and recall a humorous talk I had heard from Tim Gard five years earlier at the Professional Speakers Association annual conference in London.
He spoke about the highs and lows of business travel and the potential for things to go wrong – often and right occasionally. The point of his talk was that things will go wrong, it’s how we react to them that sets the tone for the remainder of the encounter or trip. His advice, when things go wrong – shrug your shoulders, say bummer and move on. When things go right, click your heels, say whoopee and be grateful for the break. Tim was no doubt influenced by Viktor Frankl.
Viktor Frankl wrote in “Man’s Search for Meaning” that human beings are the only species with the freedom to choose how they will react in any situation through the exercise of our free will. Life will present many challenges, but our power to shape our response to the challenges determines our attitude and ultimately shapes our experience. His insights came from his experience in surviving the Dachau concentration camps in WW2, when all those that he loved, save for his sister, perished.
Topics: business travel viktor frankl tim gard
3 min read
Sales and Marketing in Transition- 3 Big Pieces of the Puzzle
By Mark Gibson on Sep 12, 2022 12:00:00 AM
Largely because of technology advances and the Internet, we are in the early phases of a permanent shift in buying behavior. This shift is as real in the B2B world as in consumer marketing. Over the next few weeks we’ll be providing you with a series of posts that examine how traditional media, marketing, sales functions and training have been affected and how sales, marketing and PR professionals can successfully evolve to take advantage of emerging opportunities.
The series will start with a guest post on the evolution of marketing and PR
PR-consultant-turned-inbound-marketer Ellie Becker.
We continues with a guest post by Mike Bosworth entitled, B2B Sales in Turmoil - Who Needs Salespeople? on the changing perceptions and realities of the sales role in the B2B buying process. The series concludes with a post from Mark gibson entitled B2B Sales and Marketing in Transition, What's Working.