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.

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.

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.

Strategic Notebook: Marketing Calendar

Are you marketing with intent or by accident? The only thing those two have in common is “ent”. Choose intent.

It’s a massive job?

Like anything you might not have done before, a marketing calendar might seem like a massive job. Don’t let that freeze you.

Big jobs have a way of creating a resistance to getting started – you’re frozen. Big tasks that you feel like you can’t finish in one setting are easy to put off. Next thing you know, it’s next January and you still haven’t gotten started. You can do this a year, quarter or a month at a time, so break it down. If a month seems like too much to bite off at once, start with a week. In fact, start with next week. What will you do with intent next week. The important thing is to start.

If you can’t dedicate an afternoon to it, then start 30 or even 15 minutes at a time. Once you get rolling with a week, look at that first week and figure out what should happen the second week after doing what’s planned for the first week.

Anyone can do a week at a time or take one intentional marketing effort at a time. No matter how slow it goes, get moving and keep moving. Create some marketing momentum.

Beating the blank page

Writing sometimes starts with that first, incredibly tough blank page. Building a marketing calendar isn’t much different. It starts with that first blank month. So where do you start?

What marketing efforts would you make this year even if you were the most disorganized accidental marketer ever? Put that on your calendar.

How do most of your new clients learn about you? Are they walk-ins or drive-bys? Do they find you online? Are they referred? Do they respond to ads in <something>? Rather than doing things to attract these clients accidentally – put the number one client attraction technique / effort on your calendar.

Once you have even one thing on your calendar, it’s easy to move ahead and identify other things you already do. The marketing calendar is your road map to doing these things with intent, doing them with enough lead time that you aren’t tempted to blow them off and getting them executed consistently.

Keep it simple

A marketing calendar might seem like a thing that should be complex, hard to understand and a hassle to implement. While a calendar can have lots of components and it can be multi-layered, it doesn’t have to complicated or a hassle. Focus on one piece at a time and keep things simple until you’re ready to step things up a level.

For example, you might have seen a multiple media, integrated campaign that coordinates email, social media, direct mail, radio, TV and who knows what else – and does so in a sequence over time. It might be tempting to think that if you can’t do that, you shouldn’t bother building a marketing calendar. Don’t use that as an escape hatch. You might get to the point where anything less than that seems like you aren’t even trying. Don’t let that happen. Keep it simple until you get some momentum from executing your calendar and creating something intentionally.

The first goal of a marketing calendar is to start marketing with intent: to work a plan, and stop marketing by accident. Once you have the mechanics in place, you can add additional layers, media and sequences as it makes sense, if it makes sense.

The end game isn’t the end.

What’s all of this for?

We started this discussion by asking if you market with intent or by accident. The goal of this process is to eventually get you to the point where you know what has to be executed each day in order to do the marketing you know you need to do. Intent.

Why’s that important?

When marketing is done consistently and with intent, it creates the conditions that allow you to know exactly what to do to keep growing your business. It creates job security for your people, who will most certainly detect the results of marketing with intent. It will build confidence in you and in the business.

When you work under conditions where you no longer worry about your job or whether your paycheck will clear this week, I think you’ll do better work. That’s good for everyone.

And after Small Business Saturday?

Besides being a particularly busy Christmas shopping day, this coming Saturday is “Small Business Saturday”.

Once a year, American Express (organizer of Small Business Saturday) encourages shoppers to shop at a small local business and offers marketing materials to help small businesses take part in the event by encouraging locals to shop their store.

While you might be thankful that Amex makes an effort to place shoppers’ focus on small retailers for that all-important Saturday in November, and for the (hopefully) positive effect it has on your Christmas season sales, Small Business Saturday (and the holiday shopping season in general) is far more important than a one day sales boost.

For many shoppers, it might be the one opportunity you have all year to get their attention and leave an impression on them that helps them remember to shop your store all year long. Bottom line: Amex has gotten the ball rolling for Thanksgiving Saturday. The other 51 Saturdays are on you.

Not simply another sales day

Even without Amex’s help to promote Small Business Saturday, it’s an opportunity to do so many things because you’ll see shoppers you usually don’t see.

Show them why they should shop at your place more often. Make it clear to price shoppers that your prices are competitive, and if they aren’t, make it clear that your prices are justifiably higher because your products/services are of higher value, or that you deliver more, save time, save hassle, etc.

Use this opportunity to engage shoppers in recurring purchase opportunities, but do it in a way that makes sense for your clientele, not simply because I suggested it.

Collect contact information. While some are protective of this info, it’s often because their contact info has been misused or used ineffectively. No one wants to hear more noise, but most people will happily accept valuable info that helps them. Tell people what you will do and do that and nothing else. Let them be selective about the resources you send them rather than giving them only one choice.

You might have lists for monthly promotions, value shoppers, last minute (or low stock / closeout) deals, as well as for special events. Let THEM decide what list they’re on and treat that list with great care.

Make your place a refuge from shopping mayhem

We’ve all seen the news stories and video of the ugliness of box store Black Friday sales. People are fighting traffic, fighting for parking spaces, fighting to be one of the first 62 people to get the Barbie Turbo Fashion Corvette, fighting massive crowds and so on.

Don’t let your store become a part of that. REI decided to close their store on Black Friday. To be sure, some of this is about publicity and this decision was likely made based on their Friday sales figures (think about their clientele), but no matter what really drove the decision, they really are making a point about not taking part in what goes on during Black Friday.

While closing shop probably doesn’t make sense for you, the idea to stand out and take steps to be a refuge from the mayhem is a good one.

Standing out in a crowd

Think about the things that reduce the enjoyment that people get when shopping for gifts for the people they love:

  • Starting at 4am
  • Lines
  • Crowds
  • Parking
  • Dealing with “those people who only seem to drive/park/shop one weekend a year”
  • Shortages of items
  • Hauling around the day’s booty

Everyone’s list might be different. What steps can you take to take the pain, hassle and aggravation out of their day?

While it might be too late to plan and execute a big splash, do nothing wastes everyone else’s efforts and puts off your gains for a year. Even if you start today, a focused effort to do what you *can* do will help.

If you have a preferred client list, this is a great time to bestow a nice benefit for those who have earned the right to be on that list. Offer them valet parking, special shopping hours all to themselves and deferred pickup of items.

Let them order by phone or via your website, even if you aren’t setup to take their money until they arrive for pickup.

Next year, plan your Small Business Saturday

Next year, be sure to plan and promote your Small Business Saturday event well in advance.

Ask your local retailers group and your Chamber of Commerce to get involved in promoting the event both to shoppers and to local retailers, if they aren’t already.

Take advantage of the effort Amex is making, and the resources they provide to make Small Business Saturday your own – and not simply a one day bump in sales.

Selling, marketing & Wyoming’s Cutt-Slam

Last week, I met a couple of old college buds in Southwest Wyoming’s Bridger-Teton range (near LaBarge) to take on Wyoming’s Cutt-Slam cutthroat fishing challenge.

This would not be easy. Four cutty subspecies in four different drainages – some of them in the tiniest of water (water shoes rather than waders), with two guys who are much more experienced than I am in the fine art of selling to fish.

This effort would be much like marketing and sales in a tough market with a prospect who knows exactly what they want and will accept nothing less. The parallels are fairly obvious: your message (fly), your presentation (cast) and your careful selection of the right prospect (in this trip, only four subspecies mattered).

Early on, unheard and unseen

For the better part of two days, I caught nothing. You would have thought I was making carpet cleaning offers to people with hardwood floors, or trying to sell family minivans to folks who live 20 miles off the highway on a rough dirt road.

At some point late on the afternoon of day two, one of the guys mentioned to me that the local hoppers were a good bit bigger than the flies I was using. Sending the wrong message (fly) to the wrong fish is no different than sending the wrong message to the wrong prospect (or sending any message to the disinterested).

So I changed my message.

Before long, the change in fly size improved my luck, at least until the last day. Ultimately, the Grey’s River contingent of Snake River Cutthroats never responded to my cold calls on that last day, perhaps due to an early morning downpour.

How’s your message working?

Obviously, the point of this story is to provoke you to take a look at the messages you’re sending and who you’re sending them to. For retailers, the most important sales and marketing period of your business year is ramping up. For those who serve tourists, what you do in the “off season” is as important. No matter what you sell, knowing that the message you send (even if you use “inbound” marketing) is being seen / heard by the right people and is context with their needs is critical.

Wrong message, wrong destination equals wasted money, time and effort. Even a little bit wrong is enough for someone (or a fish) to think “Oh, that’s not for me, I’m moving on.”

You’ve heard this before, but have you thought deeply about it? Think about the messages you get each day. How many of them truly grasp your interest? It doesn’t matter how clever or funny they are if they’re not about something you care about or are interested in. How many of these messages are about something you’re really interested in? How many of those convey a message that motivates you to actually take action?

That’s the critical eye you need to use when looking at each message you’re sending, whether sending a postcard or using the latest, greatest sophisticated inbound marketing tool.

When that fish fails to strike, you know why (sort of). It’s the wrong size, the wrong color, the wrong depth, the wrong time of year, etc. There are so many different ways to serve up the wrong fly – and it’s no different for what you use to communicate with prospects and clients.

Big (Fish) Data

Wyoming Game and Fish’s Cutt-Slam is, among other things, a combination of clever marketing and inexpensive data collection.

For the price of some record keeping, photography, a website, some color certificates (for participants who complete the Slam) and some cutthroat subspecies info, the Cutt-Slam provokes fly fishing enthusiasts to purchase licenses, eat and stay in Wyoming, fish the state’s southwestern waters and report details about the fish they caught, including date, location and a photo.

What this provides to WY Game and Fish is a litany of data and evidence about the progress of their efforts to repopulate the state’s four cutthroat subspecies – without sending people out on the road.

It’s a smart way to get people to visit, fish and help you with your project’s data collection – all at the same time.

Likewise, it provides a lesson on creativity and thinking about how to do more than what you have to get done – and how to involve enthusiastic experts in a way that benefits them as well.

Get one new client a day, week, month

It’s not unusual to talk to business owners who want to double their business, even if the discussion is a bit unfocused at first.

It’s far more unusual to find someone who wants grow their business by 1000%, IE: 10 times its current size. Some have said that growing a business by 10 times is easier than doubling it because of the changes it forces upon all aspects of the business. Easy probably isn’t the word, but it makes sense logically because you know you’d have to rethink every process from one end of the business to the other.

Doubling the sales of a business tends to result in doing things the same way, but doing them twice as often, or somehow doing twice as many of them. With that in mind, the idea of doubling your business might leave you wondering where will the time come from or who will do the work. Reasonable questions, I think. Even if that sort of growth seems possible, it might not seem reasonable, no matter how attractive it sounds or how confident you are that you could handle it.

While I’m not trying to talk you out of that kind of growth, and I’m confident that almost every business could use more clients, I know that not everyone is sure how they could make that happen, or how they’d handle the load if they did manage to double the business.

Instead of reaching for 10x or 2x, let’s keep things as simple as possible for now by starting with getting one new client in whatever timeframe makes sense for you.

Start with one

Keeping it simple… How would gaining one new client per day, week or month do for your business?

Perhaps your business isn’t structured in a way that one new client per day could happen, or perhaps you couldn’t deal with 30 new clients a month. What about one new client per week? If your clients require lots of time and effort, perhaps you could only handle gaining one new client a month or even per quarter. What impact would result from gaining one new client per day, week, month or quarter? Do the math on whichever timeframe makes sense for you.

How often do your clients return? If you have 365 new clients a year from now, and you keep adding one every day, how does that change your business? Even if your typical client spends only $10 per purchase, one more per day is a step in the right direction, particularly as these new clients return.

Bring some context to “get one new client”

For a little daily context, maybe you get one more dinner reservation, one more kayak rental, one more room filled, one more table turn, one more styling appointment, or one more portrait setting per day. If you maintain this month-in, month-out, what’s that mean to your business? What are 30 more table turns, 30 more rentals or 30 more room-nights worth to your business per month?

For some weekly context, perhaps you get one more home to clean, one more weekly cabin rental (or one more rental week in the shoulder season, if you have such a thing), one more legal consultation, one more pack trip or one more bookkeeping session.

Naturally, you may wonder how you would get that one more client. One easy way: Think hard about how you’re getting them now. If your lead flow numbers vs your sales numbers tell you that there are leads you’re losing, not closing, or simply not ideal for – dig deeper. Examine each lead source, each media, each referral source. Where can you find one more? Repeat the process.

Why only one?

You might be asking why only one new client per day, week, month or quarter? Simple. If you can figure out what you have to do to gain only one in the timeframe that works for you, then the path should be clear to your long term sales goals. By consistently getting one more, you’ll know you can do it as well as how to handle the growth. Whether you do what it takes to do that one, five or ten times – the choice is yours.

One critical piece – it helps to know what’s working. Do more of what works and less of what doesn’t.

Working the stage

People at Red, Canon and Nikon are fanatical about the photography and video equipment they build. People at Adobe and Apple are fanatical about the video software they build.

This amazing video is an example of their “why”. Imagine the feeling this emotional piece would give you if it was made with your tools.

Would you take Denali home? Do you have any doubt about the strength of Ben and Denali’s relationship? Do you feel like you know them?

Would you want Ben to make a video about your business?

The next time you step off the stage (or the page) after sharing something important to you, what will leave your audience feeling as strongly as you felt as you watched this film?

Are you working the stage?

 

18 questions to increase sales

This week, I’ve been working on metrics because I can’t have my fingers in every pie at once – at least not once the number of pies grows beyond my ability to manage them all in my head at the same time. Even if you can do that, it’s very difficult to sense where changes are happening much less where trend directions are changing.

Some of this can be done by gut feel because you’re right in the middle of it, but sometimes gut feel will burn you because you filter what you’re experiencing through existing expectations. Thus the need for metrics – so that you don’t have to spin too many plates at once, assume too many things or make decisions based on too much gut feel.

Metrics are questions, too

Metrics are a form of question.

For example, a common metric for businesses with a web site is “page views”. A page view metric asks the question “How many people saw a specific page this month?”. When all of those page view metrics are combined, it becomes the question “How many people saw our website?”

Website metrics are pretty common and easier to collect than metrics from other media – which are often on you and your team to collect. The work to do that might seem painful, but you can learn a lot from it.

How many people called about the radio special you advertised on KXXX? How many people visited the store and mentioned the radio special you ran on KXXX?

These things are important so that you know whether to invest in marketing that item on KXXX vs. marketing something else on KXXX, vs. marketing anything at all on KXXX.

You would do the same for anything else marketing on any media, otherwise you’ll have nothing other than gut feel to help you make these decisions. Traditional media doesn’t often provide these metrics, because they can’t. Radio, TV and print newspapers can’t do that because they usually aren’t contacted by prospects seeking whatever you advertised. It’s tough to know if you aren’t part of the transaction process.

That doesn’t mean you shouldn’t track them.

The right questions help increase sales

Coming up with the right question can be a lot harder than not having the answers.  You have to be careful to ask open-ended questions designed to tell you what you don’t know, rather than asking questions designed to confirm your assumptions.

Where is the profit in your business that you haven’t yet found?

For most people, the answer probably lies in your existing customer base. The next question I’d ask you is how many of your customers are buying 100% of what they should be/can be buying from you?

How can your current customers help you find that profit?

The natural follow to the previous question.

To rephrase it, what percent of your customers are giving you all the business they could? Who are those customers? What actions will be necessary to either sell to the ones who aren’t buying everything you make, or determine the ones who won’t buy?

Once you’ve identified the ones who won’t buy, it’d be good to identify why they won’t and correlate that (if possible) with where they came from as a lead. Are the leads who buy some buy not all (or who buy once but not ongoing) leads who came from a certain type of media or a certain type of marketing campaign?

Are the ones whose initial purchase is different than the ones who do keep buying – and buy it all? Can that be solved by pursuing slightly different leads, or by changing marketing or the product / service?

Finally, can / should that gap be fixed? Does it matter if this group of clients aren’t recurring buyers, or that they don’t buy everything you offer?

Are you communicating with customers optimally at all touch points?

Are there touch points you aren’t thinking of?

I was chatting on Facebook with a reader earlier this week who owns a locksmith business. After our conversation, I wondered if there was an opportunity to get involved in home and/or commercial property sales – ie: lock / key / lockset changes that might be warranted when a property changes hands.  It’s an opportunity to get a new client if there are enough buyers who want locks changed at purchase time.

Does your business have secondary transaction opportunities like that?

Planning for a strategic trade show

Last week, we discussed why you shouldn’t skip a trade show. During that conversation, I mentioned that you need to work trade shows strategically and with a plan.

This week, I’d like to elaborate on what that means. In order to do that, let’s break down what happens at a trade show.

Who attends a trade show?

First, let’s consider who goes to a trade show, as that’s a critical piece in planning what you do.

Attendees break down into two or three groups. You’ll have up and comers and newbies to the business of all ages. You’ll also have industry veterans – people “everyone” knows. They may have worked for several vendors and/or market leaders in the industry.

The industry veterans may have created groundbreaking new products, processes or services in your industry. Some of them will be so knowledgeable and so well-networked that they are not only the go to person for anyone who needs an answer, but they’re also right person to offer the backstory on that answer and can give you a list of the subject matter experts who know even more about that particular topic than they do.

These attendees will work at your clients, competitors, partners and prospects. Your trade show strategy needs to consider how your pre-show and post-show marketing communicates with each of these attendee subgroups. Your products and services are often targeted at different expertise levels, sophistication levels, experience and/or business sizes. Your booth’s message and the overall presence you have at the show needs to be crystal clear about communicating in a way that provokes attendees to think to themselves, “Those are exactly the people I need to work with.

Smart attendees come to the show with a plan. They want to meet certain vendors, find certain products, investigate certain services and renew their relationships with existing vendors. Think about how you can help an attendee get the most out of the show. How you do that may differ for clients vs. prospects.

Partners and competitors

Shows give you a unique opportunity to meet partners, improve your network, discuss plans and check up on competitors. Don’t be shy about introducing yourself to the people in your competition’s booth and be pleasant about it. You never know what a conversation will lead to. Even the largest industries boil down to a network of influencers who set the tone and make things happen. You want to know who those people are and you want them to know of you, particularly if you intend to be one of them.

Their booth and overall presence at the show will say a lot of how they’re doing, what they intend to get out of the show and how important the show’s audience is to their business. Study what they’re doing – and what they’re not doing. You might get ideas (or not), but knowing what they’re doing will help you understand what this show means to them.

Email and the phone are great when you have no choice, but face to face discussions with potential and existing partners can be far more productive means of communicating, while building and strengthening the relationships that great partnerships require. Take advantage of the brief face time you have with them.

Run up and follow up

One of the biggest differences between companies that leverage their appearance at a trade show and those who don’t is what they do before and after the show.

Today’s shows either seem to be growing or shrinking. How will they find you? How will they recognize your booth from the other end of the aisle? Why should they make the effort to attend a shrinking, but still-important show? What important client-only events should they attend?

Your communications prior to the show should help them not only be a better attendee, but also help them learn and plan how to make the most of the resources your business will be offering at the show.

Will your experts be there? Trying to get some private time in a busy booth to discuss a client’s not-so-public projects doesn’t work too well. Give them time to set appointments in advance in non show floor time where possible.

We’ve only scraped the surface of what you need to think about when planning a strategic trade show appearance, but this is where you start.