Blog coming soon...

How Executive Summits Can Help You Reach Your Year-End Sales Goals

Posted by Karen Battist on Tue, Sep 28, 2010 @ 12:12 PM

Tuesday, August 3, 2010 by Karen Battist

For any company concerned with year-end sales goals, the logical question is how can I accelerate prospects through the pipeline and convert them to sales? The answer is an Executive Summit. An Executive Summit provides a non-sales gathering between executive peers to learn and explore services and solutions offered by your B2B Company. A well planned, organized and executed Executive Summit accelerates a call to action from all prospects and can yield a 50% conversion rate. Can you say that about other Marketing Campaigns or Sales Tactics, or are you just throwing money at a target hoping you hit a bull’s eye?

The next natural question to ask is can your company justify the cost of an Executive Summit? Marketing teams are always challenged to provide ROI justifications in order obtain funding for campaigns. Because an Executive Summit’s costs and results are completely measureable (you know how much you spent, and you know how much in sales it directly generated), it provides a highly effective, easily funded program.  As a result, marketing groups are able to score an bull’s eye with all executives on their company’s leadership team, especially the financial leaders who hold your purse strings.

When is the right time to address meeting your year-end sales goals? From the perspective of a financial leader, Suzanne Smith, Chief Financial Officer of Geehan Group who has also managed several large IT outsourcing budgets states, "While it is a concern throughout the year, third quarter is the time most companies look to see if they are ahead or behind to meet year-end sales goals." An Executive Summit provides reliable and predictable sales results and truly is the Ultimate Weapon to reach your sales targets.

Tags: Executive Summits, B2B Company

How Do You Keep Members Engaged Between Council Meetings?

Posted by Karen Battist on Tue, Sep 28, 2010 @ 12:06 PM

In my last blog I talked about the importance of keeping Council members engaged between meetings – to Keep the Momentum Going after everyone has returned to their everyday business lives. In this blog I’ll discuss Sub-Committees and a few best practices for integrating them into your Advisory Council program.

 

The Sub-Committee: High Impact, Light Lifting

It is important to follow a process and approach when organizing these working groups. “High impact, light lifting” refers to the effort we put forth to make it as easy as possible for our customer and their council members to “continue the conversation” between meetings. See below for an outline the four-step process we follow for managing Sub-Committees.

 

1. Topics for Discussion

The Sub-Committee should focus on a specific topic or subject.  What is good “Sub-Committee” material? Here are a few examples:


  • A next step identified by the host that requires further input/feedback from the Council members (or a subset of members).
  • A “hot topic” that came up during the meeting that a number of members clearly could spend more time discussing.
  • An innovative idea and/or suggestion that came up during the meeting that members expressed an interest in exploring.
  • A specific topic/area of the business where a Subject Matter Expert is needed to continue the discussion.

2. Structure

It is very important to clearly define the purpose of the Sub-Committee and expectations of members. Develop a Sub-Committee “Charter” for all participants (customer and host) outlining:

  • Mission
  • Duties (for both customer and host)
  • Participants (Leader, facilitator and customers)

In addition, it’s a good idea to share a “Timeline of Activities” with all members early in the process so they have an understanding of the frequency of meetings and can reserve time on their calendars in advance.

 

3. Format

To stay mindful of the time commitment of customers, we recommend Sub-Committee meetings are in the form of conference calls, and no more than one hour.  Based on the subject, several calls (as communicated via the Timeline) may be needed to accomplish the goals of the Sub-Committee. Agendas are sent in advance, as is any pre-work that may be required for the discussions, and progress is shared among the group at regular intervals.

 

4. Sharing Results

This is the best part! A “celebration” is included at the next face-to-face meeting to report accomplishments back to the group and recognize the efforts of all Sub-Committee members. It’s a great way to thank your customers for their contributions and it encourages others to join in future Sub-Committee groups.

By following these four steps, your Sub-Committee engagements will be focused, well-planned meetings, easy for members to participate in, with clear goals and purpose.  

Tags: customer retention, Customer Advisory Council

What Content is the Right Content?

Posted by Karen Battist on Tue, Sep 28, 2010 @ 11:58 AM

This week I attended a great Webinar hosted by Compendium Blogware called "Content Strategies for Search and Social Marketing." One of the questions that came up in the webinar was how do you know what content is relevant and engaging and should be included in your content generation and social marketing? The answer actually did not surprise me; Ask your customers! Finding out what the customers need and want to know is one of the most important strategies in B2B Marketing.

There are several ways that you can find out what your customers want. During the webinar it was suggested to engage in customer service inquiries, conduct surveys or form a Customer Advisory Board. In my opinion, one of the most relevant and powerful tools for B2B companies is a Customer Advisory Board.  While the actual name of the Advisory Board may vary (Customer or Executive Advisory Council, Board, or Panel), the results of a well executed Customer Advisory Board will not. A Customer Advisory Board will not only help you identify what content is most relevant for your customers, it will help your organization develop a comprehensive strategy to grow and retain your most profitable customers, as well as increase revenue opportunities within your customer base.

To answer the question: “What Content is the right content?” Ask your customers! Your customers will provide you with the right content for Search and Social Marketing.

describe the image

Tags: voice of customer, Customer advisory board