What about the prospect list that isn’t a list?

Last time, we talked about your prospect list (or lack thereof). What about the prospects that aren’t on a list: the folks who have decided to get their info about you via one or more social media platforms. You may feel that the list discussion doesn’t apply to you because your prospects get their product info without signing up for anything. They follow you on Twitter, Instagram and/or Snapchat, they’ve liked your business page on Facebook, or connected on LinkedIn. In most of those cases, you don’t have their contact info other than perhaps the ability to direct message them (don’t, except to reply to their questions).

Like your prospect list members, social media oriented prospects also fit the profile of “a friend who needs the information and advice they’d ask of the friend and expert (you) prior to making a decision about a possible purchase”.

Tracking is different

On a list, you can monitor responses and segment the list into sub-lists so that the people who are clearly showing more interest will be the ones who get the next piece of info you’d typically provide. On social media, there are tools that can make that easier, but you will often find yourself having multiple public-facing conversations at once. There’s nothing wrong with that, but you need to be prepared for it. Without being a robot, you need to have “canned” responses to the most frequently asked questions and comments about the products and services you sell. You’ll want to post this sequence of thoughts, advice and questions via your social channels.

You might be thinking that you don’t have a list of questions like that, but I suspect you do. It’s in your head, perhaps taken for granted because your responses are so ingrained in your mind that you can answer them as easy as you can turn a doorknob. It’s like muscle memory. We all have those questions that we can answer well, even if someone wakes us up at two am. I suggest transcribing those responses from your head onto paper or perhaps better, into a centrally available document that your team can use even if you and your expertise have gone fishing for the day.

As an example, what are the common sales objections that you have to address? Those things go on the list. Objections aren’t always reasons why people don’t want your stuff, they’re more likely to be an entry point into a discussion that addresses why your product or service fits their needs better than the other options they’re looking at – or why yours don’t.

On a social channel, you’ll attract prospects and buyers. Encourage the formative signs of a helpful community. Be the cheerleader, recruiter and mentor. Your presence when the community is small will be critical to its growth.

Think about the buying process

In order to prepare a series of postcards or emails for your list (or a series of social posts), you need to think deeply about the evaluation and purchase process. If you were to write a guide to buying whatever you sell, and that guide was the only resource you could provide to someone looking to buy – what would it say? What would it talk about first? What process of evaluation and selection would it take the prospective buyer through? What questions would it ask to help them choose the standard item in the warehouse vs. the special order or custom-built item? What installation and delivery questions should someone ask? How do your processes for delivery, installation and service after the sale vary? How do they compare to the “industry norm”?

What happens after the sale?

After the sale, the buyer still has questions. The questions change to care and feeding, update, maintenance, cleaning, re-use, deployment, training, replacement, refills, etc. These same questions are ideal topics for both your prospect list and your social channels. Many times, they’ll help a prospect learn of an important facet of the purchase and ownership process that they hadn’t considered. This is an ideal use for video, even though all of the stages from prospect to seasoned user benefit from help that’s best suited to a specific media type. Video is great for how-to info, for example.

Whether the message gets to your prospects and clients via old school media, new school media, or both – the important thing is that it matters to them.

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Leads : Like a friend who needs advice

Your list. Do you have one? List of what, you say? Fair question. Let’s step back a bit. I’m talking about leads, prospects… ie: interested parties.

Does every lead buy the first time they encounter your products and services? The late Chet Holmes always talked about three percent who are ready to buy “right now”. Your business might “meet” 100 people this month who haven’t encountered you before. Using Chet’s numbers, there’d be three who are ready to buy and 97 who aren’t. Yet.

Your prospects might be different than his were, but there’s a percentage that applies to your business and your prospects. You get to analyze your prospects and how long it takes them to work through the lead process and figure that out. There isn’t one number for you and every other business.

That said, if your numbers match Chet’s, then what are you doing with the other 97% of the people you meet? If they don’t match his, that’s OK. The same question remains… what are you doing with the rest of them?

If you know who they are and can reach out to them to educate them (ie: provide them with info to help them learn more about what they said they’re thinking about buying), then you have a list. If you can’t do that, then you don’t have a list.

“People hate being on a list”

You’ve probably heard that. Or said it. Or lived it. Actually, what people seem to hate is being on a bad list.

A bad list is one:

  • ..where everyone gets the same thing, every time they’re emailed, mailed and/or called – regardless of age, gender, income, marital status, history as a customer, or time as a prospect.
  • ..that gets emailed, mailed and/or called with hard sales pitches about things they haven’t shown an interest in. For example, if I stop in to look at a four wheel drive diesel pickup, I don’t expect you to bug me about the latest hybrid two-seater you received. The reverse is also true.
  • ..that’s all about them and rarely about you (the prospective buyer) & your needs. Generally speaking, we don’t care about your end of month sales quota, or your boat payment coming due.

Political campaigns are a good example of a bad list. You get…

  • Mailings whose message resonates only to already-decided voters. See above.
  • Mailings that are all about the candidate’s party and not one iota about the voter they are trying to convince.
  • Mailings that think they can get you to change your mind because someone is, or isn’t wearing a cowboy hat.

If you want an example of what it’s like to be on a bad list… register to vote. If your mailings treat prospects in a manner that’s even close to the way parties and PACs treat their mailing lists, it’s time to reboot.

A good list serves leads

“Lead” is a somewhat impersonal name for these folks – after all, they are real people who have shown an interest in what you do. Leads is just a word. Don’t let it distract you from the purpose of your list of them. Treating them as if they’re all the same is a bad idea.

Why didn’t the other 97% buy? Maybe they’re waiting to get paid. Maybe they need to complete a few other tasks before they can buy. Perhaps they’re starting to learn about something they know they need or want, but they’re far from ready to buy. Maybe they have to wait until their new budget year starts. They all have a reason (want or need) and each one has a timeline. Some are more urgent than others.

You probably know 100 (often taken for granted) things that’d help the 97 (or whatever) percentage of people who didn’t buy figure out what to buy and when. These are the people who, if treated intelligently and kindly, would benefit from being on a good list.

“What do I say to make my list good?”

Imagine that one of your friends decides they need to buy what you sell. What questions would you want them to have the answers to before they make a buying decision? How would you advise them as they navigate the learning & purchase process?

These are the things a good list says. A good list treats leads like a friend who needs advice.

Photo by ccampbell10

Bounce rate too high? Set the stage

What are you doing to keep your website’s bounce rate down? Bounce rate is the percentage of visitors that visit your site and leave without looking at another page, or taking any action (opt-ins, etc). A high bounce rate would be a bad thing in most cases. There are sites where higher than normal bounce rates aren’t unusual, but for most business-oriented sites that have sales, service and related functionality – it isn’t usually a good thing. A business site may have some pages that have a higher bounce rate than the rest of the site, but those tend to have specific purposes and are self-contained (ie: everything the customer/prospect needs is on that page – like a phone number or the answer to a specific question).

High bounce rates can be caused by pages that are: boring, objectionable, uninformative, unclear, misleading, or didn’t match the expectation (reason) that the view believes that the page exists. For a home page, a high bounce rate might tell you that the page doesn’t do a good job of communicating what the company does and why you should be there. Think about the reasons why you leave a site after visiting only one page. You didn’t find what you wanted. The site isn’t what you thought it was. The site is too technical or is filled with jargon. The site isn’t technical enough and targets people far less experienced in the subject than you.

Some of those reasons are legitimate, depending on the person coming to the site and their expectation. It’s the reason audience-specific landing pages exist – the home page can’t be everything to everyone. Even so, your site (like a retail store) needs to set the stage.

Set the stage

When you walk into most retail stores, someone either says Hello (or welcome). In many cases, the store’s next action is for a staff member to ask if they can help you. Sometimes the ask is inquisitive, sometimes it’s asked in a tone that clearly hopes you say no, sometimes it’s perky. No matter how the question is asked, the most common answer is “Just looking”, of course. The possible translations of “just looking” include: “I got this”, “Leave me alone”, “I don’t need help, thanks”, and others. Sometimes, “just looking” is OK. Sometimes, they’re showrooming – but they’re in your store, so reducing their bounce is what you do next.

In far too many cases, “Can I help you?” is a conversation that tends to feel like this: “How was school today?” “Fine.”

Many stores handle in-store visitors in a more effective way. Some explain how the store works, particularly if it has an unusual process or there’s something non-obvious about it. A good example: “If you see an item you like, and you want it in a different color – please let us know. We have every color of every item in stock and ready to take home.” Is there a similar comment your website could make to set the stage for the visitor to accomplish what they came for? Take that same “we have every color…” angle and look at your website.

Compare it to face time

I looked at a computer bag / luggage site recently. Their site made it clear which laptops fit which bags. It showed how to measure the dimensions of your laptop (vs. trusting “15 inch laptop”) so that you’d be sure your gear fit. My guess is that poor fit is a common reason why people return computer bags. Their site makes sure I buy the right thing and don’t bounce due to uncertain fit. What makes your visitors bounce?

What would you say if a web site prospect was sitting with you at a local coffee shop or cafe? If they walk in and sit down with you, how would speak for your website in a way that encouraged them to look further, or help them find the answer they’re looking for? What would they say as they were seated?

What’s the first thing you would say to them to help them feel comfortable, welcome and knowledgeable about what your site is all about? What would you say to enable them to take the next logical step, assuming they are the type of person (or business) that you want to visit your site? Is that what your site says now?

Photo by jacopast

What premier service do they reach for?

How do you keep your clients excited and/or interested in your company? This shouldn’t be any problem doing this for your highest-value clients as I expect you already have premier programs and services for them. I’m talking about your newest clients, as well as those who have been around a while but haven’t yet “made it big”. Have they seen a premier service or product waiting for them on the next rung of the ladder?

What convinced your newest clients to buy ProductX? How do their reasons vary from those who have used ProductX for a decade or more? These two types of businesses could be quite different. It’s likely they see your business and your offerings in two completely different light.

Why did your newest client buy your products and services? Right now, you would hope that means that you’re best of breed. The long-time client not only wants the product that supports their needs, but they also have to see a compelling reason that prevents them from changing to another provider. The pain of change is a substantial contributor to decisions not to move to another solution, but you’d probably prefer that the primary reason for not changing is that you are keeping up with (and preferably anticipating) their needs.

Both groups need to climb the ladder.

What’s on the next floor?

One thing that you rarely see from companies that have multiple levels of product and/or service offerings is guerrilla-style marketing of those options to people who don’t yet qualify for them, or don’t know of them. This creates a gap in your clients’ understanding of the maturity of your business and what offers to them. As an example, some hotel chains have concierge floors. These are typically available only to clients who have a long history of stays with that hotel chain.

If you haven’t yet developed an allegiance to a hotel chain, or don’t see much difference between them, you’re likely to pick the cheapest one that fits your level of comfort. That isn’t what the chain wants, yet they seldom do anything to inspire allegiance, much less aspiration to the next level.

Have you ever toured the concierge level facilities of a hotel prior to earning access to them? Have you seen the differences between a regular and concierge level rooms? If not, what motivates you to choose that chain consistently and move up to a frequent lodging level that has access to those floors?

While a hotel couldn’t do this every night, on nights when room capacity is lower, the hotel’s systems could automatically identify a handful of travelers for a free upgrade to a concierge level. They should be people whose stay history indicates they’ll be good candidates for the company’s frequent lodging programs. If the systems can’t do that, local management can make the upgrades happen.

You’d be surprised how a “small favor” like this can turn a relationship up a notch and generate long term loyalty.

Peek behind the curtain

The same sort of idea works for an airline, or a company that has multiple service levels. I was recently on a sparsely seated flight to Minneapolis and was surprised to find eight empty first class seats on the plane. These days, that’s very unusual.

A smart automated system should have identified fliers in economy who are close to reaching the next frequent flier level and upgraded them to a higher level seat moments prior to boarding. These systems might choose a passenger whose originating airport is a United hub, presuming that a percentage of those passengers might be ripe for change.

Similarly, if your company staffs premier service levels such as extended weekday or weekend hours, you may have people in place who can service a one-time upgrade. When someone asks for help outside their allotted service window, they’d normally expect to wait until the next business day. Instead, you could occasionally deliver service right then – even if they aren’t paying for extended service.

Be sure to explain what you’re doing and offer this to a good candidate for your premier services. A follow up with their management to explain why you provided a taste of up-level service might be the conversation that moves them up a tier.

Every business should seek ways to provide an ascension ladder for their clientele – and create the desire to climb it.

Photo credit: https://www.flickr.com/photos/tipsfortravellers/

Truth in advertising?

Ever watch a TV commercial for a restaurant and see examples of food that you know they’ll never serve? Of course you have. It’s particularly common among national fast food restaurants. At this point, do you have any expectation that the food in the ad will even remotely resemble what you’ll receive if you eat there?

Probably not.

Advertisements which present something the restaurant will never deliver set the tone for what people expect from all advertising – including yours. You need to inoculate your marketing so that it never makes this mistake.

It takes one time for people to lose trust in your advertising. ONE TIME.

Politics – an obvious example

A politician’s financial or legal issues make for an ideal illustration. Are financial problems all that unusual for folks who have dealt with long-term health care challenges? Among all the people you know, probably not. How much different is this vs. a lawsuit over stream access? While you may not know anyone who has dealt with the latter, you can be all but certain that neither party will present these situations accurately and completely.

In their minds, the truth seems to be something to be used only when it’s a weapon. In both cases, the actual truth might be seem reasonable – but we’ll be sure that each candidate’s negative ads will carefully paint these situations to make them look as evil and/or incompetent as possible.

OK, sure. No one believes anything they see in a political ad. Or… no one believe anything in a political ad for the opponent of the person you plan to vote for. And we’re so used to it that we expect everything but the truth.

Just like the ads from many national restaurants.

Don’t create problems for yourself

For a politician, these kinds of problems occur when you don’t get out in front of your own issues. When you let the opponent and their party announce your problems, they get the pleasure of positioning them for you. They also get first shot at defining “the facts”. No matter how true their version is, if they’re first to bring up your flaws or mistakes, you’re the one with the terrible strategy.

It’s no different for your business. You have to bring up common sales objections that others would use against you. Anyone who has done their homework has probably already thought of these objections. Anything you think you can ignore, wave away or hide is best handled by you on your terms, before you get cornered.

Inoculate your marketing

When it comes to your advertising, you have to think hard about this from the customer’s perspective. What are they really looking for? What about my business is a reason to grab their attention? What is unique about what you do and how you do it that would attract a certain person looking for a certain product or service?

If your ad manages to successfully convince someone to give your business a chance, what would possibly make you think that you can show them something in an ad that they’ll never get, or never see when they visit your place?

How do you react when that happens to you? Would you ever go back? Think back to the last time you felt this way.

Given that feeling – what’s necessary for you to inoculate your marketing against producing something like that for your prospects and customers? Start by asking others for their first impression of the ad. Get out of the echo chamber (as politicians, parties and big media should). Ask someone you trust if your ad accurately represents what you do. Ask them if it identifies something that’s important about the decision making process that would make them choose your business.

Ask around

Now ask a trusted customer what they think. Does it resonate with them? Does it ring true to them? Do they feel it’s an important factor when selecting your business, much less your products and services?

Imagine if a politician or a party asked an undecided voter what they thought about their ads. Thinking of your prospects as undecided voters, ask yourself this: Would this help or hurt my cause?

What would someone who didn’t choose your business say about your ads? How do they feel about the ad you currently feel is your best?

How to take the chill out of a cold email

With double digit below zero weather arriving in Montana this week, the last thing any of us need is a cold email.

What I call a cold email isn’t quite the same as a bulk email. While bulk email is indiscriminately sent to many thousands of people, a cold email might be sent to 10, 50 or 100 people. Bulk emails are seldom effective as lead generation tools, while cold emails can be an effective lead generation tool from a somewhat targeted list.

What is a cold email?

Cold emails are often written from templates and sometimes are pasted into an email program before they are sent. Sometimes, they’re mail merged (ie: personalized), sometimes not. Template-based, mail-merged emails aren’t a bad thing until you send a generic one to the decent quality lead with a message that makes little sense.

Who gets a cold email?

They’re often sent to people you might have seen or heard of at a Chamber of Commerce event – but you weren’t introduced to them and you didn’t meet. You might have their email because of a list you have (or bought) access to, such as an industry group list or a list of trade show attendees.

You might have manually harvested the email addresses from web sites of companies that might be a good fit for your services. For example, if you serve small bakeries, maybe you Google’d “bakery northwest montana”, found a list of bakeries within 100 miles, then grabbed the owner name and email from each site.

While that shows a little effort, it can all be lost depending on your next move.

The trouble with cold emails

Cold emails don’t often get a response, because their content simply doesn’t encourage you to read them, much less take action.

Cold email failures:

  • The subject line doesn’t provoke you to open the email. Instead it says something like “sender’s company name product category”. Example: “Smith-Jones Systems – Point of Sale Software”.
  • Your content is so general that it shows you made no effort to understand the recipient or their needs, so it reads like every other spam they receive.
  • The email is written from the “me, me, me” perspective (talks about the company and its services) rather than talking about the reader.
  • Your email reads as if it came from a template. While the slightest bit of work could make it personal, that effort wasn’t invested.

Making a cold email personal

This email is your proxy. If you read an email you sent last week, does it sound like you? Is it the introductory conversation you’d have in person with a prospect? My guess is that it doesn’t and it doesn’t.

The email needs to speak to a specific problem. What problem do most bakeries have that your point of sale (POS) software solves? Bakery owners don’t wake up in the morning thinking “Boy, I sure wish someone would try to sell me point of sale software today.” Yet these same bakery owners might be thinking about how annoyed they are about the inability to predict shift coverage based on sales levels, print tax reports, produce custom order tickets, add stations, or some other thing. Their staff may have complained about other problems with their POS.

40% of your clients may have used a specific POS and moved to yours because of three specific benefits, differences or improvements. Do you know what these prospect bakeries currently use? What do their people think about it? Given that 40% of your clients used that tool, you should have some specific info for bakeries still using that old POS. Send a specific email to users of that POS vs. bakeries using other software.

Observation

Have you been in their bakery and bought something so you can see how the staff reacts to working on their registers or POS stations? Did you sit there, as appropriate, and have a cup of coffee while observing how things go when they are busy? Did you listen for comments from the staff?

While you don’t want to fill an email with ALL of this info, this knowledge is critical to understanding why a baker would want your POS.

Sure, these emails are more laborious to produce, but your job is to get new clients, not see how many emails you can send.

You don’t send marketing email? This knowledge also applies to phone and in-person sales calls.

Understand anything and everything

On this Armistice Day, I’m reminded of the wisdom of the Vets who influenced my life. Typically, this means lessons learned from my dad and father-in-law, who both served as B-52 mechanics (Presque Isle, Carswell, etc). Seems that the harder the lesson was to understand and learn, the more value it holds.

Watching the election returns come in reminded me of an old joke that a successful landing is any landing you can walk away from. When the context of survivors is “political parties who do things the way they’ve always done them”, it’s too early to tell if anyone survived Tuesday’s landing.

For those who didn’t come here for politics, have no fear, we’ll circle back to a place very much in context with you and your clientele.

I have often noted that anything you do is everything you do, and Tuesday was a world-class illustration.

Hearing what you want to hear

After the Presidential votes are counted, everyone’s a pundit. We know what happened through the view seen from our own window on the world. Some saw it as a shocker. Some as a GOP mandate. Some as a long overdue rejection of the political establishment. You can count me in the third group.

It’s like the “crazy” family member at Thanksgiving dinner. If you don’t know who it is, it’s probably you.

Collectively, the RNC couldn’t believe they had to run with Trump until they had no choice. Likewise, the DNC couldn’t believe their “luck” that the RNC was stuck with Trump. I suspect the RNC couldn’t believe their luck when Hillary was nominated.

Neither party realizes they’re the crazy family members at the table.

Each party’s echo chamber remains in pre-election condition. Before long, I expect you will start seeing signs of “not getting it” in each party’s behavior. I’d like to be wrong about that, but it’s difficult to change organizations of this type, particularly when they say what they say so they can hear it again.

Listen to, understand and know your clientele

Neither party seems to understand one of the messages the election sent: “Stop sending us the same old candidates who do whatever the party wonks say while delivering nothing the candidate promised“. That it was delivered to both parties by the same candidate is noteworthy.

This happens after decades of not listening to your clientele (yes, voters are a clientele). It happens after decades of telling your clientele you’re going to deliver, but you never do. Not that they delivered two days late, or two months late but NEVER.

With that, let’s start to tie these events to your business.

Circling back with understanding

Until it happens, it’s extraordinarily difficult to understand what it’s like for a factory to close in your town. Most politicians think they understand it because they’ve seen photos and spreadsheets, talked to the former plant manager and toured the factory. You can’t really understand it without living it. Unless you worked there, live in the town, know the people, know their kids, see them them at ball games and grocery stores, it’s difficult to understand. Even then, unless your job is one of the ones that was lost, you don’t really get it.

The business owner has a parallel. They’ve lost customers, or lost or closed a business in the past. They understand that every day, their business is up for re-election.

If I asked your clientele to vote anonymously for your business’ survival, what outcome would you expect? Every stop or visit to your website is a vote of confidence. If they’re tired of your place or want a change, it’s a vote in the other direction.

Like a politician, you have two choices. You can depend on your echo chamber like those political parties, or you can get nose to nose, toes to toes with your clientele and learn what really makes them tick, what makes them worry, what takes away their pain and why they like (or don’t like) you. It’s hard (sometimes exhausting) work much like campaigning.

When you know your clientele better than anyone, it changes anything and everything. Your behavior, service, team, products, marketing and reaction to events that affect your clientele – they all reflect that knowledge.

If you’re a politician… it works roughly the same way, notwithstanding the votes you get simply because you’re a member of a particular party.

This year, customer follow up will be different.

For many businesses, two things happen this time of year. One: You get a bunch of new customers. Two: Many of the new customers you acquired during this time last year “forget” to come back. The customers on the first list cost time and money to acquire. A fair amount of the people who “forget” to come back were never asked to. In other words, the business didnt invest the time / money for new customer follow up.

There is a problem with this concept. Being able to follow up requires having some contact info for your clients. These days, people are all too used to being nagged incessantly, mostly by mail and email. They’re also concerned about privacy and identity theft, which increases their reluctance to provide you with their contact info.

Why they think you’re a spammer

While it keeps the FCC and others “happy” to publish boilerplate privacy and security policies, most people either won’t read them or won’t care that you have them. Until given a reason to think otherwise, they will group your request with all the ones they’ve received before. This means that you will be thrown into the bucket with the companies who used their contact info inappropriately.

Inappropriate doesn’t necessarily mean illegal but the net impact on the business is roughly the same.

While many marketing people and business owners think otherwise, they don’t get to decide what is spam and what isn’t. The recipient does. The legal definition is irrelevant. No matter how good you think the message is, the recipient decides whether your messages are out of context, incessant, annoying or of no use. If your new customer follow up message matches any of those criteria, they will unsubscribe, opt out and might even stop doing business with you.

Even worse, they will group you with all the other spammers and be super hesitant to provide you with information in the future – even if you need it in order to serve them as they wish.

Poorly conceived customer follow up has a hard cost

Spammers are of the mind that they can send millions of emails for free. They have the luxury of not caring if they retain a “customer”. You do not. They have the luxury of not caring about the cost of a lead, much less the lifetime value of a customer. You do not.

When you send a message that feels to your customer like spam and it causes them to unsubscribe, there’s a hard cost associated with that. Think about what it cost to get that person to visit your store or website. We’re talking about labor, materials, time, consultants, employee salaries, service costs, etc. Every lead source has a cost and a ROI. The latter comes from the lifetime of that client relationship with your company.

When your message causes the client to unsubscribe, your lead cost rises and your ROI is likely to drop because the lifetime customer value of that person or business will probably stagnate.

Great, so how does my customer follow up avoid this?

Expectation management.

When they provide contact info these days, people have questions about the use of their contact info:

  • How it will be used.
  • How it will be shared (short answer: DON’T)
  • How it will be secured.

You have to be crystal clear (and succinct) when answering those questions. You have to adhere to what you said. Stepping outside the bounds of what you said you’d do, even once, breaks what little trust was granted when their contact info was shared.

Whether you feel it’s justified or not, people are hyper-sensitive to this. If you want to build a lifetime customer relationship with them, your behavior has to show it.

A suggestion

Everyone likes getting stuff on their birthday. It doesn’t have to be a (heaven forbid) 50% discount. You don’t need their birth date – which they will be protective of due to identity theft. You only need the month. During their birthday month, a simple offer or add-on that is special to them is all you need. Do you have any low cost, high perceived value services that could be given away with purchase during their birthday month? Make sure it’s clear to them that you will use this info to send them something of value during their birthday month – and stick to that.

The alternative is to keep paying more for leads. There are only so many people in your market. Nurture your clientele and show them you’re always thinking about how to help them. Win the long term game.

Merchandising means “Don’t forget the ice”

If you have a retail storefront, do you have a solid idea what business you lose to big online retailers vs. the business you can depend on? What sales do you lose to big box retail? Perhaps the bigger question is this: Are you selling what your clients want and need? Does your merchandising support those needs?

Let’s backtrack a bit. Yesterday was a “honey-do day”. A retail experience or two is often required to complete the day’s achievements and “level up” to good husband for the weekend.  For me, retail shopping is more like a marksmanship thing than a grazing-like activity. I prefer to get in, get what I need and get out with a minimum of time and friction.

Sell what they need to finish the job

My first stop was at a big retailer that specializes in stuff you might buy on a honey-do trip. I picked up a corner shelf for the bathroom in a section of the store where shelves of this nature (free-standing or otherwise) are plentiful. The one I selected is intended for hanging.

Despite selling a plentiful amount of “hang this to use it” items across many departments, the store had none of the hardware needed to hang something – not for the item I bought or any other. However, they had what seemed like hundreds of (often ridiculous) “As seen on TV” items that prompted me to wonder who would pay for warehouse space for such things. But I digress.

I asked one of the people in the store if they had hanging hardware. They didn’t.

Why would you sell stuff that hangs without selling stuff used to hang those things? Because you aren’t thinking like a customer.

Thinking like a customer

When a shopper ventures out into retail, we tend to have one of two missions: “browse” or “complete task”. I think it’s best to serve clients on both missions. In the latter mode, we humans are often forgetful people. We multi-task. The phone rings. We leave our list at home. We’re imperfect at times.

Smart merchandisers can cure some of that.

When you go into a beer store, they have beer. They also have ice, coolers, bottle openers, snacks and other things you may need, or may have forgotten before leaving the house for a day at the lake. Sure, they are there to increase sales, but they are also there to save your trip by triggering any remaining “Oops, forgot to get ice” thoughts before they become expensive. It’s annoying to get out in the middle of the lake or settled in camp two hours back in the woods on a dirt road, only to find you forgot the ice. They understand that your needs extend beyond beer.

When you go into a fly fishing store, you can buy flies. For an expert who has what they need, a fly fishing store has local flies. For the noob who doesn’t have what they need (or the expert who forgot something), a fly fishing store has local flies, and just about any other fly fishing related item you need. They understand that your needs extend beyond flies.

Smart merchandising is good for you and your customers

At some of the best merchandised stores, you’ll find the mission completion items you need right there in the aisle with the item that took you to that aisle. These simple, thoughtful (and yes, sales-increasing) acts of merchandising save shoppers time and steps. They allow shoppers to avoid the time needed to dig around elsewhere in the store for an item. Even better, they may remind your customers to get the (in my case) hardware to hang an item so that they don’t drive all the way home only to realize they need to return to town to get the pieces and parts to finish the job.

Are these things incredibly obvious? Certainly. Obvious or not, does every store do so? No.

Be one of the stores that does.

Don’t have a retail location? Your online store’s shoppers have the same challenges. They forget the ice, or the cables, or the hanging hardware, and other little things needed to complete their mission.

It’s OK to be focused on being the best at selling the item your customers need – but don’t let them forget the ice.

Buying decisions are personal

One of the challenges we have when running a business, and more importantly, when trying to make a sale – is understanding what makes our clients, buy (or not buy), run away screaming (or some such). They have their own reasons which may (or may not) relate to you and the actions you and your business have taken while dealing with them. Combined, these things are yet another complex reason why buying decisions are another angle at Business is Personal.

Personal to them, not simply to you.

Why they don’t buy

Many times, the reason they decided not to buy has nothing to do with you. It’s personal.

Business is Personal to them because their transmission went out over the weekend, or their best friend’s niece is in the hospital, because the basement flooded at home so for the next few weeks, they probably don’t have time to install and configure that software you’re trying to sell them (or it no longer seems important), or they got into an argument with their spouse last night and that RV is no longer important… until the argument is forgotten and the lure of being in the boonies (with a little comfort) is important again, or their daughter got a full scholarship to a college 2500 miles away and now your spouse is a wreck because the reality that their little girl is growing up and leaving the house has hit home and distracted everyone.

For now, that is.

Distraction is personal

The things that change your prospect’s minds, or put off their buying decisions are countless. Most of them are personal. The phone rang and their mother wasn’t feeling well. The teacher called and their son needs to study harder. Some of them are not personal. The boss emailed and they have to go out of town next week. Priorities changed for any number of reasons.

These are not reasons not to buy, or reasons to buy – but they impact your clients every day. Life is quite often more important than your products and services. You might have the best RV in town, the best service department, the best price and the best financing, but today – none of that matters and it’s not your fault. It just is.

It’s easy to get discouraged when this is going on, but that’s the one thing you can’t allow for. You can’t give up. You can’t assume that they changed their mind because your product or service aren’t good enough, or your salespeople aren’t good enough, or your price isn’t cheap enough. There may be occasions when one or more of those conditions are valid, but most of the time – that isn’t the problem.

Distraction is.

People’s lives don’t revolve around your product or service until they do, and then they don’t 19 hours later when the phone rings or that email arrives.

Why they need your patience… and your reminders

Engagement is critical. Nurturing is critical. Both play a role in your business and do far more than keep your name in front of them. They remind your prospects that something you sell was important to them a few weeks ago before they were distracted by something that was important to them at the time.

Seems like a simple thing, but the difference between re-engaging with a prospect, getting the conversation back on track and eventually completing a sale, vs. “unexpectedly” losing a formerly hot prospect is the difference between a re-engagement follow up and waiting around for the prospect to figure out that they were going to buy something that at one time or another was important to them.

It’s work. It’s marketing. And it’s the kind of re-engagement effort that is often the difference between reaching next month’s revenue goals…. or not.

What stage?

A critical aspect of your re-engagement effort is gauging where your prospects are along the buying timeline. It’s not really a timeline though. It’s more like a set of behaviors about-to-be buyers exhibit when they’re at a certain point in the process of buying. Years ago, Perry Marshall and his crew noticed that when someone searched Google for “guinea pig”, it meant they were ready to buy, vs when they searched for “guinea pigs”, they were doing pre-purchase decision research.

Study your buyers’ timelines and use what you learn to create a re-engagement plan. You’ll need communications appropriate to re-engage people at each stage of the purchase timeline.