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42 Touches: Effective Go-to-
Market Strategies




                    Fred Diamond
                    DIAMOND Marketing
                    Tyson’s Corner, VA
                    www.freddiamond.com
Agenda
    Funnel Overview
    How Did We Get to 42 Touches?
    Overcoming the Historic Divide Between Sales
     and Marketing
    How to Figure Out the 42 Touches You Should Do
    Becoming a True Trusted Advisor




2
Strong History with High-Tech
Leaders and Compelling Start-Ups




                And hundreds of start-
                up, small and midsized
                firms looking to grow
HOW DID WE COME UP WITH 42
    TOUCHES
    WHAT DO WE MEAN BY
    TOUCHES?

4
Using Marketing and Sales Touches
        Effectively Could Increase Sales
     Both existing and potential customers are more likely to buy if
      they have a relationship with the business
     Every time a customer comes into contact with the business a
      marketing relationship can be strengthened.
     Build Customer Relationships to Generate New Business
     Examples include:
        Visit to the business website
        Email received
        Phone call from sales rep
        Recommendation from someone else
        Newsletter received
        Meeting at a network event
        Having a client meeting
        Seeing an advertisement
        Letter
5
The General Sales and Marketing
            Funnel We Will Use Today
The World             Suspect                  Prospect               Proposal




                                                                                         Customer




  20-100 person           Entity that should        Wants to take         Ready to Buy
  healthcare entity       take action and           action within 4
  within 250 miles        we have their info        months
  of Reston
Takes an Average of 5 Touches
                    From “The World” to Suspect

                    "The more times people see an ad, the more likely it is to
                    have an impact…but results seem to indicate that a
                    frequency of five impressions per target is the most
                    efficient.“ www.clickz.com

                    “After five impressions (the same person seeing your ad
                    five times) response plummets.“
                    www.marketingsherpa.com

                    “"Research has shown that it takes the average consumer 5
                    impressions, or viewing of your marketing before they start
                    to feel as if they know you and trust you." www.reiclub.com


The World                  Suspect
20-100 person            Entity that should
healthcare entity        take action and
within 250 miles         we have their info
of Reston
Seven Vertical Markets in DC
Takes an Average of 7-13 Touches
From “Suspect” to “Prospect”

“Just look at the numbers: today it takes 3-15
touches to generate a qualified lead. That is
NOT something you want your expensive,
bag-carrying sales reps working on…you want
them focused on closing business. “Craig
Rosenberg, www.funnelholic.com




        Suspect                 Prospect
      Entity that should       Wants to take
      take action and          action within 4
      we have their info       months
Get in a Room, Shut the Door, and Pour
Through the Lists…and Linked In
Takes an Average of 9-13 Touches
From “Prospect” to “Proposal”

“Unless you are reaching prospects with at least 9
individual touches during one contact cycle (the length
of each cycle defined by the size of company and level
of decision-making)...you are not achieving the results
you could.” Dan McDade, PointClear

              “In today's economic environment, it can take as many
              as 16 contacts or touches to move a prospect to a
              customer.” Meridith Elliott Powell,
              www.mrpprofitstrategies.com


“On average, it takes about 8 contacts or more with a
prospect before a sale is closed.
Kim Gordon, Entrepreneur Magazine



                                Prospect                  Proposal
                               Wants to take              Ready to Buy
                               action within 4
                               months
Might Take 8 Touches After
Proposal Submitted to Win Deal

“Once you submit your proposal, there is more
work to be done. There is more marketing, more
nurturing of the relationship, and more showing
what a pleasant and productive experience it
would be to work with you.” From “You
Submitted the Proposal. Now What?; Ilise Benun.


                   “A-B-C. A-Always, B-Be, C-Closing. Always be
                   closing, always be closing.” Alec Baldwin,
                   Glengarry Glen Ross



                                                                  Customer
                                              Proposal
                                                                  Contract Signed;
                                                                  Revenue Earned
                                              Ready to Buy
42 Touches from Someone in “The
         World” to “Customer”
     From   “The World” to “Suspect”: 5
     From   “Suspect” to “Prospect”: 13
     From   “Prospect” to “Proposal”: 16
     From   “Proposal” to “Customer”: 8




13
Why So Many Touches?
     Good Reasons
       Poor timing
       Not everyone’s in the office when you call
       People get a lot of emails
       Not everyone’s ready to purchase when you call
       You’re not their only priority
       Prospect priorities not set
       Prospect does not realize they have a need
     Bad Reasons
       Poor tactical execution
       You are really unknown
14
       Competition is throwing curveballs
What factors might increase or
          decrease the number of touches?
     You target early adopters - customer base
      requires more education or nurturing
     Your referral base is very strong
     You have very limited competition
     Very strong partnerships
     Pressing compliance or legal deadlines




15
First: Tie “marketing” to sales
Marketing is about acquiring new customers and
 growing the ones you have (Zyman)
Historic organizational divide must be overcome
If your marketing activity will not generate
 customer behavior (buying), re-prioritize
It’s about sales (or business development)
Ensure domain expertise in verticals and
 communicate as such
So what do you do?
      billboards teamed events Linked In
                                               radio
  promotions                        Public
                sponsorships
kiosks                              speaking PR
     telemarketing incentives          trade shows
      banners behind planes       SEO Facebook
   NPR sponsorships reseller
                                     Twitter
 stadium advertising motivation
                                    e-newsletters
  email campaigns      Direct mail
                                        seminars
              catalogs
                              Print advertising
   webinars road shows
Second: Ensure Everyone’s
      Marketing
Leverage and partner
Most important sales rep is the receptionist
Company with 15 people has 15n reps
Everyone needs to market from 7am-12am
Do you have to market traditionally?
Sample Near Term Execution Plan
                     11    Mar           Apr              May       Jun         Jul   Aug        Sept


Branding and Image
                           Refresh             Launch New
                             Corp.              Customer                                  Begin
                          Brand/Logo           Centric Web                             considering
                            /Colors               Site                                  Next Leap


Formal
Networking                Develop key     Refine plan             Advisory
                          relationship   for network in         Board Kickoff
                           targets for         the
                           CEO/Start      Community
                           formalized
                          networking


Marketing
Tactics, PR                 Start         Create Implement        Craft story
                           regular        simple     second      of company
                          newsletter      service    stage of     as leaders
                          publishing     brochure Internet         (perhaps
                                          (trifold) marketing       hire PR
                                                       plan          firm)
EXERCISES
     WHAT DO WE MEAN BY
     TOUCHES?

20
What Touches Are You Doing
      Today?
The World             Suspect            Prospect          Proposal
20-100 person                            Wants to take     Ready to Buy
                    Entity that should   action within 4
healthcare entity   take action and
within 250 miles                         months
                    we have their info
of Reston
What Touches Are You Not Doing
      that You Should Do?
The World             Suspect            Prospect          Proposal
20-100 person                            Wants to take     Ready to Buy
                    Entity that should   action within 4
healthcare entity   take action and
within 250 miles                         months
                    we have their info
of Reston
HOW DO WE TOUCH OUR
     CLIENTS AND BECOME TRUE
     TRUSTED ADVISORS TO THEM
     WHAT DO WE MEAN BY
     TOUCHES?

23
Trusted Advisor Continuum

                                                                             Next 18-36
Breadth of Business Issues




                                                                             months
                                                                                          Trust-Based
                                                                Next 12-36
                                                                months




                                                Next 12-24       Relationship-Based
                                                months




                             Next 12              Needs-Based
                             months



                                   Service
                               Offering-Based




                                                     Depth of Personal Relationship
Trusted Advisor Continuum
                                   Example

                                                                             Next 18-36   Provide Strategic IT
Breadth of Business Issues




                                                                             months
                                                                                            and operational
                                                                Next 12-36                leadership services
                                                                months


                                                                 Provide Additional
                                                                operational services
                                             Next 12-24          such as workflow
                                             months
                                                                 mgt and new tech
                                                 Provide
                                               Additional IT
                             Next 12
                             months
                                             services such as
                                                 App Dev
                                 Provide
                                Managed IT
                                 and NW
                                 Services



                                                  Depth of Personal Relationship
THANK YOU!
     FRED DIAMOND
     WWW.FREDDIAMOND.COM
     FDIAMOND@FREDDIAMOND.COM
26

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42 Touches Presentation, Executive Exchange, 121010

  • 1. 42 Touches: Effective Go-to- Market Strategies Fred Diamond DIAMOND Marketing Tyson’s Corner, VA www.freddiamond.com
  • 2. Agenda Funnel Overview How Did We Get to 42 Touches? Overcoming the Historic Divide Between Sales and Marketing How to Figure Out the 42 Touches You Should Do Becoming a True Trusted Advisor 2
  • 3. Strong History with High-Tech Leaders and Compelling Start-Ups And hundreds of start- up, small and midsized firms looking to grow
  • 4. HOW DID WE COME UP WITH 42 TOUCHES WHAT DO WE MEAN BY TOUCHES? 4
  • 5. Using Marketing and Sales Touches Effectively Could Increase Sales  Both existing and potential customers are more likely to buy if they have a relationship with the business  Every time a customer comes into contact with the business a marketing relationship can be strengthened.  Build Customer Relationships to Generate New Business  Examples include: Visit to the business website Email received Phone call from sales rep Recommendation from someone else Newsletter received Meeting at a network event Having a client meeting Seeing an advertisement Letter 5
  • 6. The General Sales and Marketing Funnel We Will Use Today The World Suspect Prospect Proposal Customer 20-100 person Entity that should Wants to take Ready to Buy healthcare entity take action and action within 4 within 250 miles we have their info months of Reston
  • 7. Takes an Average of 5 Touches From “The World” to Suspect "The more times people see an ad, the more likely it is to have an impact…but results seem to indicate that a frequency of five impressions per target is the most efficient.“ www.clickz.com “After five impressions (the same person seeing your ad five times) response plummets.“ www.marketingsherpa.com “"Research has shown that it takes the average consumer 5 impressions, or viewing of your marketing before they start to feel as if they know you and trust you." www.reiclub.com The World Suspect 20-100 person Entity that should healthcare entity take action and within 250 miles we have their info of Reston
  • 9. Takes an Average of 7-13 Touches From “Suspect” to “Prospect” “Just look at the numbers: today it takes 3-15 touches to generate a qualified lead. That is NOT something you want your expensive, bag-carrying sales reps working on…you want them focused on closing business. “Craig Rosenberg, www.funnelholic.com Suspect Prospect Entity that should Wants to take take action and action within 4 we have their info months
  • 10. Get in a Room, Shut the Door, and Pour Through the Lists…and Linked In
  • 11. Takes an Average of 9-13 Touches From “Prospect” to “Proposal” “Unless you are reaching prospects with at least 9 individual touches during one contact cycle (the length of each cycle defined by the size of company and level of decision-making)...you are not achieving the results you could.” Dan McDade, PointClear “In today's economic environment, it can take as many as 16 contacts or touches to move a prospect to a customer.” Meridith Elliott Powell, www.mrpprofitstrategies.com “On average, it takes about 8 contacts or more with a prospect before a sale is closed. Kim Gordon, Entrepreneur Magazine Prospect Proposal Wants to take Ready to Buy action within 4 months
  • 12. Might Take 8 Touches After Proposal Submitted to Win Deal “Once you submit your proposal, there is more work to be done. There is more marketing, more nurturing of the relationship, and more showing what a pleasant and productive experience it would be to work with you.” From “You Submitted the Proposal. Now What?; Ilise Benun. “A-B-C. A-Always, B-Be, C-Closing. Always be closing, always be closing.” Alec Baldwin, Glengarry Glen Ross Customer Proposal Contract Signed; Revenue Earned Ready to Buy
  • 13. 42 Touches from Someone in “The World” to “Customer” From “The World” to “Suspect”: 5 From “Suspect” to “Prospect”: 13 From “Prospect” to “Proposal”: 16 From “Proposal” to “Customer”: 8 13
  • 14. Why So Many Touches? Good Reasons Poor timing Not everyone’s in the office when you call People get a lot of emails Not everyone’s ready to purchase when you call You’re not their only priority Prospect priorities not set Prospect does not realize they have a need Bad Reasons Poor tactical execution You are really unknown 14 Competition is throwing curveballs
  • 15. What factors might increase or decrease the number of touches? You target early adopters - customer base requires more education or nurturing Your referral base is very strong You have very limited competition Very strong partnerships Pressing compliance or legal deadlines 15
  • 16. First: Tie “marketing” to sales Marketing is about acquiring new customers and growing the ones you have (Zyman) Historic organizational divide must be overcome If your marketing activity will not generate customer behavior (buying), re-prioritize It’s about sales (or business development) Ensure domain expertise in verticals and communicate as such
  • 17. So what do you do? billboards teamed events Linked In radio promotions Public sponsorships kiosks speaking PR telemarketing incentives trade shows banners behind planes SEO Facebook NPR sponsorships reseller Twitter stadium advertising motivation e-newsletters email campaigns Direct mail seminars catalogs Print advertising webinars road shows
  • 18. Second: Ensure Everyone’s Marketing Leverage and partner Most important sales rep is the receptionist Company with 15 people has 15n reps Everyone needs to market from 7am-12am Do you have to market traditionally?
  • 19. Sample Near Term Execution Plan 11 Mar Apr May Jun Jul Aug Sept Branding and Image Refresh Launch New Corp. Customer Begin Brand/Logo Centric Web considering /Colors Site Next Leap Formal Networking Develop key Refine plan Advisory relationship for network in Board Kickoff targets for the CEO/Start Community formalized networking Marketing Tactics, PR Start Create Implement Craft story regular simple second of company newsletter service stage of as leaders publishing brochure Internet (perhaps (trifold) marketing hire PR plan firm)
  • 20. EXERCISES WHAT DO WE MEAN BY TOUCHES? 20
  • 21. What Touches Are You Doing Today? The World Suspect Prospect Proposal 20-100 person Wants to take Ready to Buy Entity that should action within 4 healthcare entity take action and within 250 miles months we have their info of Reston
  • 22. What Touches Are You Not Doing that You Should Do? The World Suspect Prospect Proposal 20-100 person Wants to take Ready to Buy Entity that should action within 4 healthcare entity take action and within 250 miles months we have their info of Reston
  • 23. HOW DO WE TOUCH OUR CLIENTS AND BECOME TRUE TRUSTED ADVISORS TO THEM WHAT DO WE MEAN BY TOUCHES? 23
  • 24. Trusted Advisor Continuum Next 18-36 Breadth of Business Issues months Trust-Based Next 12-36 months Next 12-24 Relationship-Based months Next 12 Needs-Based months Service Offering-Based Depth of Personal Relationship
  • 25. Trusted Advisor Continuum Example Next 18-36 Provide Strategic IT Breadth of Business Issues months and operational Next 12-36 leadership services months Provide Additional operational services Next 12-24 such as workflow months mgt and new tech Provide Additional IT Next 12 months services such as App Dev Provide Managed IT and NW Services Depth of Personal Relationship
  • 26. THANK YOU! FRED DIAMOND WWW.FREDDIAMOND.COM FDIAMOND@FREDDIAMOND.COM 26