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© Alignable, Inc. 2015
Art and Science
Of Selling to Small Businesses
Presented by: Eric Groves
© Alignable, Inc. 2015
The Lifecycle of Your Industry
Geoffrey Moore
Understand Where You Are in Life Cycle
(Science)
© Alignable, Inc. 2015
AIDA and Your Sales Funnel
Awareness
Interest
Desire
Action
Of the problem your product or service solves
“Bringing customers back is important to my success”
In solving the problem using the solution you provide
“Email Marketing can help me bring customer back”
To learn how others like them have found success
“What pet store has done Email Marketing successfully?”
How can I try it with limited investment to see if it works
“Free 60-day Trial”
Art of AIDA - find the optimal balance of media, social media,
inbound marketing, telesales, direct sales,… and onboarding
resulting in the best overall Cost of Acquisition
© Alignable, Inc. 2015
AIDA, Chasm & The Conversion Zone
Awareness
Interest
Desire
Action
The “Conversion Zone”
Where Art & Science Collide
© Alignable, Inc. 2015
The “Conversion Zone”
Millions spent searching for ways to overcome
objections and close the sale
SMB Cost of Acquisition
$150 to $5,000
Inside Sales
Outside Sales
© Alignable, Inc. 2015
The “Conversion Zone”
The Battle over Mindshare
© Alignable, Inc. 2015
Winning in The “Conversion Zone”
Who do Prospective Customers Turn to for Advice?
Other SMBs with something in common
 Existing Relationships (Known & Nearby)
 In their Industry
 With shared business issues
 Who have solved similar problems
Thought leaders recommended by people they
trust
© Alignable, Inc. 2015
Who Are Your Advocates?
Word-of-Mouth Referrals from Existing Customers
• Their reputation on line for your business
• Purchase decision based on trusted relationship and shared
knowledge
• Difficult to motivate on ongoing basis
• Can’t be bought
• COA = $0
© Alignable, Inc. 2015
Do They Trust You?
Cost of Acquisition
LevelofTrust
(NPSScore)
HighLow
High
Low
How Likely is a SMB Owner to Recommend You to Others?
Brand NPS Score
Google 48
Mailchimp
Square
American Express
PayPal
Intuit Quickbooks
GoDaddy
Facebook
Insightly
Constant Contact
Squarespace
Wix
Verizon
OnDeck
Web.com
Comcast
Groupon
Yelp -66
?
© Alignable, Inc. 2015
Add Customers to Your “Conversion Zone”
Checklist for Success
Understand Relationship with Your Customers
 What’s your NPS score?
 Focus on the Attractors vs. Detractors
 Where are you on your Industry Growth Chart
Build a Loyal Following of Ambassador Customers
 Identify your brand advocates
 Invite them to engage in an educational dialog
 Feed them your knowledge via sharable insights
Sharable Insights – Short Thought Leadership Content
 No “White Papers” – How To Tips (500 characters)
 Make it Actionable (“try this”)
 Drive Engagement – make it easy to share / comment
© Alignable, Inc. 2015
In-Bound Marketing Platforms
Where do Customers & Prospects Interact
Platforms
CanYouEngageTheminADialog
Customer Centric Prospect CentricBlend
Ad MediaUser Engagement
© Alignable, Inc. 2015
Fostering Interaction
Capture NPS Score
to identify attractors
Posting educational
content
SMB
Reviews
SMB
Followers
© Alignable, Inc. 2015
Final Thoughts
Master the Art and Science of Selling
 Know Where Your Industry Stands in
the Life-cycle
 Track Industry / Your NPS scores
 Build & Nurture a loyal following of
advocates
 Invest in sharable content

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Street Fight Summit 2015: The Evolution of Selling to Local Businesses

  • 1. © Alignable, Inc. 2015 Art and Science Of Selling to Small Businesses Presented by: Eric Groves
  • 2. © Alignable, Inc. 2015 The Lifecycle of Your Industry Geoffrey Moore Understand Where You Are in Life Cycle (Science)
  • 3. © Alignable, Inc. 2015 AIDA and Your Sales Funnel Awareness Interest Desire Action Of the problem your product or service solves “Bringing customers back is important to my success” In solving the problem using the solution you provide “Email Marketing can help me bring customer back” To learn how others like them have found success “What pet store has done Email Marketing successfully?” How can I try it with limited investment to see if it works “Free 60-day Trial” Art of AIDA - find the optimal balance of media, social media, inbound marketing, telesales, direct sales,… and onboarding resulting in the best overall Cost of Acquisition
  • 4. © Alignable, Inc. 2015 AIDA, Chasm & The Conversion Zone Awareness Interest Desire Action The “Conversion Zone” Where Art & Science Collide
  • 5. © Alignable, Inc. 2015 The “Conversion Zone” Millions spent searching for ways to overcome objections and close the sale SMB Cost of Acquisition $150 to $5,000 Inside Sales Outside Sales
  • 6. © Alignable, Inc. 2015 The “Conversion Zone” The Battle over Mindshare
  • 7. © Alignable, Inc. 2015 Winning in The “Conversion Zone” Who do Prospective Customers Turn to for Advice? Other SMBs with something in common  Existing Relationships (Known & Nearby)  In their Industry  With shared business issues  Who have solved similar problems Thought leaders recommended by people they trust
  • 8. © Alignable, Inc. 2015 Who Are Your Advocates? Word-of-Mouth Referrals from Existing Customers • Their reputation on line for your business • Purchase decision based on trusted relationship and shared knowledge • Difficult to motivate on ongoing basis • Can’t be bought • COA = $0
  • 9. © Alignable, Inc. 2015 Do They Trust You? Cost of Acquisition LevelofTrust (NPSScore) HighLow High Low How Likely is a SMB Owner to Recommend You to Others? Brand NPS Score Google 48 Mailchimp Square American Express PayPal Intuit Quickbooks GoDaddy Facebook Insightly Constant Contact Squarespace Wix Verizon OnDeck Web.com Comcast Groupon Yelp -66 ?
  • 10. © Alignable, Inc. 2015 Add Customers to Your “Conversion Zone” Checklist for Success Understand Relationship with Your Customers  What’s your NPS score?  Focus on the Attractors vs. Detractors  Where are you on your Industry Growth Chart Build a Loyal Following of Ambassador Customers  Identify your brand advocates  Invite them to engage in an educational dialog  Feed them your knowledge via sharable insights Sharable Insights – Short Thought Leadership Content  No “White Papers” – How To Tips (500 characters)  Make it Actionable (“try this”)  Drive Engagement – make it easy to share / comment
  • 11. © Alignable, Inc. 2015 In-Bound Marketing Platforms Where do Customers & Prospects Interact Platforms CanYouEngageTheminADialog Customer Centric Prospect CentricBlend Ad MediaUser Engagement
  • 12. © Alignable, Inc. 2015 Fostering Interaction Capture NPS Score to identify attractors Posting educational content SMB Reviews SMB Followers
  • 13. © Alignable, Inc. 2015 Final Thoughts Master the Art and Science of Selling  Know Where Your Industry Stands in the Life-cycle  Track Industry / Your NPS scores  Build & Nurture a loyal following of advocates  Invest in sharable content