Posts tagged ‘ecommerce’

Leads and prospects and customers, oh my!

(Sung to “If I only had a brain” from the Wizard of Oz)
I’d could use my time much better, create a great newsletter
And plant some prospect seeds,
I could share our comp’ny vision
Help them make a ‘buy’ decision
If I only had some leads.

Yes, it’s another original adaption from yours truly. I’m willing to take full credit because, heck, nobody else wants to claim that crap as their own.

I’ve noticed a lot of people using the terms lead, prospect, and customer interchangeably, so I thought I’d take today to explain the differences between them. Once you speak the language, and understand the differences, it makes a lot more sense. It is also another way for me to build the kumbaya bridge between sales and marketing. Here we go:

  • Suspect – not a generally used term, but a suspect is defined as a person that may be in the market for the types of products and services your company (and your competition) produces. Is is essentially a superset of all your potential customers. You may not know who they are, and they may not know who you are, but they are out there, waiting to be discovered. You need to connect with suspects, or have them connect with you, in order to convert them into leads.
  • Lead – this is someone who is in the market for the types of products and services your company produces. They may specifically know about your company, you may know who they are, or both. They have expressed either a specific or general interest, and have provided contact information about themselves. Depending on their needs, budgets, and timelines, leads are traditionally classified as cold, warm, and hot.
  • Prospect – defined as a lead who has passed the initial qualification (in other words, they are a real person who exists) and is currently being engaged in some way, depending on their needs. In sales/CRM terms, if an ‘estimate’ or ‘opportunity’ is created for a lead, the lead becomes a prospect. The level of contact a prospect receives ranges from an occasional email or phone call to an in-person demo or pilot project.
  • Customer – occurs when a prospect makes a purchase decision. Once a company receives money (or, in sales/CRM terms, a ‘sales transaction’) from prospects for their products and services, those prospects are officially converted into customers. Bring the money, honey.

I’m taking some badly needed vacation time this week, so I won’t be writing any blog entries until next Monday. Until then, have a great week, thank you for your continued support and comments, and we’ll start fresh on Monday. Hasta luego.

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May 31, 2009 at 11:30 pm Leave a comment

What are the characteristics of a great website?

Aximum Marketing's home page
We all have our favorite websites. But what actually makes a website great? Here are my criteria – I’d love to hear your ideas as well:

  1. Visual appeal. The web can act as the great equalizer. Small companies can look big and legitimate with a quality website. Conversely, large companies that have lousy websites can appear distracted and amateur. There’s no substitute for giving a good first impression.
  2. Powerful messages that speak to your customer’s needs. Nobody likes a long-winded talker. Unless you have an information-based website (like Amazon, which provides full reviews of products, etc.), resist the temptation of generating massive amounts of information, especially on the home page. Keep it short, sharp, and targeted, with a predefined objective (see “Lily pad” marketing for more information on objective-based marketing strategies).
  3. Success stories. Providing case studies of your accomplishments have several benefits. You can demonstrate how effectively your company works with customers, provide concrete examples of success using metrics, share experiences with prominent customers to gain legitimacy and credibility, and strengthen the persuasion process through the use of similar customers in similar industries.
  4. Social Networking. Whether it’s a blog (like this WordPress blog), Facebook, Linkedin, Twitter, or social bookmarking, you cannot deny the impact of social networking on today’s marketing strategies. Customers now have an expectation of two-way communication, and social networking facilitates symbiotic connections between a company and its audience.
  5. Logical lead generation paths. It’s frustrating when you have to bounce all over a website to find what you want. A well-designed site understands its target audience and develops well-defined, clearly stated communication paths with the proper Calls To Action (CTA). Typical CTAs are filling out a form, downloading a white paper, signing up for a webinar, contacting a salesperson, and purchasing a product through your ecommerce function.
  6. Just the right amount of “wow” for your audience. Know they audience. If your products and services cater to accountants, don’t use bells and whistles that you’d use for, say, a teenage gamer audience. It’ll just turn them off and make them think you don’t understand them. I bet those accountants would love a virtual Dilbert experience, or a flash-based GAAP search tool.
  7. Web 2.0 look and feel. This means many things to many people. To me, Web 2.0 means dimensional or reflective graphics, modest use of Flash, “push button” navigation (like the simplicity of Redbox’s navigation), and the use of negative (white) space to add airiness.

What do you think? Are there other characteristics that are important for creating a great website?

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May 28, 2009 at 1:30 am Leave a comment

Your website is your strongest sales tool

Aximum Marketing's home page

Quick… when someone is trying to find out about your company’s products and services, what’s the first thing they do? Grab the newspaper? Ask a friend? Pick up the phone?

Nope. Chances are they either Google you, or go directly to your website (which is basically the same thing, if you’re engaging in good Search Engine Optimization practices). Your website is without a doubt the most recognizable and most tangible manifestation of your company’s value. Is it sending the type of message and image that you want it to?

For those that have been reading my posts for a while, you know that I’m a marketing consultant. I focus my consultancy efforts on branding, messaging, lead generation, social networking, and public relations. I designed my website with a specific audience in mind, providing a clean, colorful, sharp, Web 2.0-ish experience. Can you imagine if my website, which is supposed to be a shining example of what I can provide prospective clients, looked like this (yikes!) instead of this? All my credibility would fly out the window, with good reason.

Take a look at your current website and ask yourself these questions:

  • Is our website sending the right message to our future customers?
  • Was our target audience the main motivation for its current design?
  • When was the last time we redesigned our website? (Hint: if it’s been longer than 3 or 4 years, it’s time for a redesign.)
  • What is our website supposed to do: provide information, sell products, generate leads, develop communities, something else?
  • If I asked 10 prospects to assess our website, what would they say?

Make your website your strongest sales tool and it will make your life a whole lot easier. If you think it’s time to do something about it, contact us and we’ll be happy to help.

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May 14, 2009 at 2:24 am 1 comment

Social Media success story

Sure, you’ve heard a lot about social media sites like Twitter, Facebook and, yes, even WordPress (I’m being ironic). But there haven’t been a lot of success stories attached to those ‘new marketing’ tools, mostly because a lot of marketers aren’t clear how to measure success. Simply put, success is defined as the achievement of pre-determined goals based on actual, real-life business needs and objectives.

Here’s a great social media success story from my company, Aximum Marketing. One of our clients was trying to elevate his company above the competition during a downtime, while his rivals were scaling back on marketing and overall customer communication. The goals were focused on lead generation, website visits, ecommerce revenue, and industry leadership. By developing a number of different social media programs, we were able to get some amazing results for them. And the real kicker: the initial execution on these initiatives cost only about $5K, and had a ROI of 350:1 after 4 months. Read all the details, as well as my other success stories, and contact me if you’d like to incorporate social media into your company.

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May 13, 2009 at 3:51 am Leave a comment


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