How to Get More Business With Fewer Leads

platinum bar

Bodo has a client that manufacturers platinum laboratory crucibles. They’re small pots used to melt and analyze samples. They had a trade show coming up and he wanted to get noticed, without a big budget. He asked the members of “triiibes” (Seth Godin’s social network) and the consensus was skip the flashing lights and fancy displays. Instead, develop a story that matches the views of the people at the show and earn permission to contact them.

Bodo realized he didn’t know enough about what his client’s customers were thinking. So, he decided to use the trade show to find out.

His plan was to raffle a small bar of platinum to people who filled out a short questionnaire about their concerns and needs when buying platinum crucibles. This frequently led to a discussion, drawing out more information. He learned that price wasn’t the primary issue, durability and knowing how to use the products were.

Forget the Gimmicks

There were booths with long lines of people waiting to get digital cartoons of their faces or play Guitar Hero. Lots of people yes, but not people likely to buy.

He found that companies that have you on their list to see will see you no matter what. They don’t care about gimmicks or fancy booths. Your job is not to attract them, but to engage them, which he did with the questionnaire.

On the other hand, people who are browsing will give your booth a quick glance. You have only a few seconds to get their attention. You’ve got to draw them in with a brief, relevant message (in this case, “long-life platinum” since durability is an important consideration).

Fewer, But More Qualified Leads

The booth had significantly fewer visitors than the previous year, but many more of them were useful leads. The questionnaire pre-qualified people who were truly interested in his product, allowed visitors to interact with the company, and gave the company permission to contact them again. It also provided valuable information about what his clients’ customers really want and need and how they make purchasing decisions.

The customers saw that the company cared about their concerns and wanted to listen. They also got the opportunity to win something remarkable that they could talk about to colleagues and co-workers. How many people have bars of platinum at home?

And, now Bodo’s client knows how to focus and present future promotions, advertising, and trade show appearances. He now knows how to approach his market, because his market told him, and he has their permission to do so.

Less was more.

Whose Got Their Eyes on Your Ad?

eyes morgue file

As I mentioned last week, bigger, more annoying ads don’t work and neither do general banner ads. What does work is targeted, relevant ads, in the right place.

We’re programmed to think that more is better, and bigger is better. We want to go faster, not slow down. However, that may not be the best choice.

For example, say your company produces time and billing software for law firms. Let’s also suppose that your local cable company has a special promotion this month: 500,000 impressions (views) of your ad, on their front page, for only $500. Sounds like a great deal. Maybe it is, for a general advertiser, but not for lawyers who need time management software.

You may get a lot of visibility putting your ad on the Comcast home page in your town, but you won’t get the right people. What you do want is to specifically target lawyers, and the sites that they look at. So, you might try American Lawyer or the local bar association. Since these are places that lawyers frequent, your message is more likely to reach them (your target audience) than if you put it on the Comcast page.

Have stories of your own advertising successes (or mishaps)? Share them here.

Photo: clarita

What does Broccoli Dip Have to Do With Marketing?

dipI clicked on a banner ad yesterday: hot cheddar broccoli dip. Sounds delicious, right? It may be, but the link led to an error message. So, I’ll never know how to make that dip.

Before you run an ad, test it to make sure everything works the way it’s supposed to.

More about online advertising on Monday.

Photo: sanctum solitude

Are You Listening to Your Customers?

not listening

A recent survey conducted by Opinion Research Corp (Information Week, 4/15/09) found that 84% of Americans report that online feedback influences their buying decisions. However, only 28% of the survey respondents said they posted their own opinions.

This leads to two conclusions. First, a small minority of people may have an out-sized effect on ratings. And, secondly, if you’re a business, it’s important to monitor what people are saying about you and your products.

Five Ways to Listen Better

1) Develop big ears and start listening.

2) Set up Google Alerts to monitor mentions of your company.

3) Subscribe to blogs in your industry (use Google BlogSearch to find them). Read what the blogs say, and act on it. If the comments tell you something is wrong, fix it.

4) Monitor consumer sites such as Yelp!, The Consumerist, MeasuredUp , or sites in your industry that host reviews. Allow reviews on your own site too.

5) If you see someone with a problem, jump in and participate. Don’t yell and get defensive, try to address and solve the problem. You may not be able to please everyone, but you will be able to demonstrate that you’re truly concerned about your customers’ satisfaction.

Photo: anderson mancini

Do Your Customers Have to Jump Through Hoops?

flaming hoopSeveral years ago, I called Fidelity to make a transaction on one of my funds. I forgot my password, and after several attempts, the self-help system locked me out. So, I called again, to get a live person. The representative wanted me to confirm my identity by asking when I’d opened the account. I didn’t remember, but looked through my files and found the date. She said, “That’s wrong.” Huh? I had the papers in front of me: the letter from Fidelity, the interest statement attached to my tax return, it was clearly 2 years earlier, how could it be wrong? After 10 minutes of arguing and discussing, it turned out she meant not when I opened that fund account, but the date I opened my first ever account with Fidelity: about 15 years earlier! Who would remember that? Plus, it wasn’t clear that’s what she wanted.

The lesson? Check that your communication is clear. Look at your site, your brochure, your email, and make certain the readers can tell what you’re talking about, and navigate your site to find what they need.

Has anything like this happened to you? Share your stories of miscommunication.

Photo: bitterjug