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Item Upon - Closing the Loop: Integration Strategies for Marketing and Sales
Enterprise Content Management: Convergence of Structured & Unstructured Data Management ared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.)Enterprises are handling increasing amounts of unstructured data (electronic data that are not stored in a predefined structure, like office documents, e-mail, web info), frequently kept in repositories which have structures of limited efficiency & accessibility. Moreover the internal structure of files is usually not standardised and may not be efficient, in terms of information retrieval and reusability. According to international studies, more than 85% of business data are of unstructured nature.The advent of web content and the necessity to use proactively the web channel in the market, has further increased the need to efficiently manage information content of unstructured nature. The volume of information is rapidly increasing, thus becoming unmanageable (info glut). The increasing need to handle business information efficiently, in a highly competitive environment, has driven business efforts to improve ways of storing, retrieving, analyzing Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating Benchmarking and Performance Management (1) It’s Business 101: Marketing and Sales are the two forces that drive business; whether it’s a small one-person operation or a global corporation, these are the two distinct channels of reaching customer and prospects. Or at least that’s the traditional thinking…Comparing outcomes could be fascinating. For example if you are eager to know whether there are more divorces in Hollywood than on average?To measure the length of someone you can use a yard-stick, ruler or a measuring tape. If you have taken the measure, you can than compare it with others. If you want to compare the performance of activities, or the level of a competence or capability, you can use a benchmark.A benchmark could be the outcome of activities or competences that have previously been measured. Such a benchmark serves like a reference, like a norm that can been set as a target.Mutual fund managers use benchmarks to set their performance target. This can be any index that is related to the funds (for example the Dow Jones Industrial Index). The index is composed of different stocks according to their weighted value in the index. During the year, the index will change, because of the price changes of the stock values. If the The problem is that this traditional approach creates a rift between two forces that should be working together. Sales often thrives on relationships that may or may not be beneficial to the companies overall growth goals. Marketing, on the other hand, may be producing leads but doing very little to close sales faster or help enhance already existing relationships. Integrating the tactics of these two traditionally separate elements into an Integrated Initiative can grow your share in the markets you need to grow in and close sales faster. The good news is that creating an Integrated Initiative can be done from almost any level of an organization and in tandem with strategic partners such as design partners, advertising channels, and lead tracking mechanisms. In closing the loop between sales and marketing, there are some key strategies that help make the transition successfully. Recipe for Better ROI An Integrated Initiative redefines ROI by applying marketing and sales tactics together in a coordinated effort to reach goals in specific markets. Here’s an example: Let’s say your company has a new product release next quarter and an ad has been created for the launch. A traditional definition of ROI compares the cost of creating and placing the ad to the sales generated. If you sold more than it cost – you had a good ROI. This is an important benchmark, but let’s look how an Integrated Initiative redefines it. In our hypothetical Integrated Initiative, the ad doesn’t just sit passively in a magazine. It becomes part of the sales cycle. Reprints of the ad are used in direct mail pieces personalized from each member of the sales force to prospects in their territories. A press release previews the product in a wider range of trade media. That press release is sent to current customers in a preview email offering them special pricing or incentives. A unique URL is created incorporating the advertisement and the press release. Customer testimonials for related products can also be posted on the site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations. In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating Don't Let Problem Employees Monopolize Your Time u need to grow in and close sales faster.Executives spend too much of their precious time addressing poorly performing employees. They lament that they squander 90 percent of their hours dealing with the bottom 10 percent of their work force. When they are not either disciplining them or somehow trying to compensate for them, they find themselves creating new systems and procedures to counterbalance poor performance.In all my years in consulting, working with large organizations and small, I regularly hear this from executives who are totally exasperated by poorly performing employees. Why is this happening and what can be done?Executives should be focused on things that provide the organization with the greatest return on investment. Whether it is new products, customers or services, your limited time should be directed toward things that will generate the greatest benefit for the organization.The same thinking has to be used when dealing with employees. Your top-performing The good news is that creating an Integrated Initiative can be done from almost any level of an organization and in tandem with strategic partners such as design partners, advertising channels, and lead tracking mechanisms. In closing the loop between sales and marketing, there are some key strategies that help make the transition successfully. Recipe for Better ROI An Integrated Initiative redefines ROI by applying marketing and sales tactics together in a coordinated effort to reach goals in specific markets. Here’s an example: Let’s say your company has a new product release next quarter and an ad has been created for the launch. A traditional definition of ROI compares the cost of creating and placing the ad to the sales generated. If you sold more than it cost – you had a good ROI. This is an important benchmark, but let’s look how an Integrated Initiative redefines it. In our hypothetical Integrated Initiative, the ad doesn’t just sit passively in a magazine. It becomes part of the sales cycle. Reprints of the ad are used in direct mail pieces personalized from each member of the sales force to prospects in their territories. A press release previews the product in a wider range of trade media. That press release is sent to current customers in a preview email offering them special pricing or incentives. A unique URL is created incorporating the advertisement and the press release. Customer testimonials for related products can also be posted on the site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations. In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating Recloseable Stand Up Pouches -- How Each Style Stands Up the ad to the sales generated. If you sold more than it cost – you had a good ROI. This is an important benchmark, but let’s look how an Integrated Initiative redefines it.Insiders all agree: stand up pouches have revolutionized the packaging industry. Their unique construction has opened the door for manufacturers of all types of products to take advantage of the branding and merchandising benefits stand up pouches offer. In addition, their unique ability to be customized makes them an ideal solution to many packaging needs.A stand up pouch is a laminated film bag, usually constructed from different plastics or a blend of plastic and aluminum foil. They are ideal for makers of foodstuffs like sugar or salt, or even for personal care items like soap, because they eliminate a lot of the excess packaging that molded plastics and cardboard containers typically create.Available in a variety of shapes and sizes, one of the most important things for manufacturers to consider before employing the use of stand up pouches is how they want consumers to access the product. The options are plenty; whether it is via a zippe In our hypothetical Integrated Initiative, the ad doesn’t just sit passively in a magazine. It becomes part of the sales cycle. Reprints of the ad are used in direct mail pieces personalized from each member of the sales force to prospects in their territories. A press release previews the product in a wider range of trade media. That press release is sent to current customers in a preview email offering them special pricing or incentives. A unique URL is created incorporating the advertisement and the press release. Customer testimonials for related products can also be posted on the site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations. In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating Women in Business he site. Downloads from the site can be tracked and again fed to sales. All of these materials are also provided to the sales force for leave-behinds and tradeshow handouts. Powerpoint slides also would be created to drop into presentations.The Greatest Day in History…Today is the greatest day in the history of the world! That statement sounds optimistic because it sounds promising and it feels good to say it. That statement is often said in the context of today being the first day of the rest of your life and one is appreciative. Such appreciation should never go unattended, as it is real. However that statement is not a statement at all nor is it optimistic. “Today is the greatest day in the history of the world” is not a proclamation of promise. It’s a declaration of truth. The history of the world has been one of women’s suppression and struggle and though that still continues, today is better than any other day before. Today, women have power unlike never before and the power grows. Power is not something someone gives you; power is something one must take. Women have taken this power and by way of reasonable measures. Aristotle believed that at his best, man is the mos In other words, an Integrated Initiative is a coordinated push to garner more leads, continue ongoing relationships, close sales faster, and increase sales volume in the right markets. ROI is measured not just in how well the ad worked for you, but how well you worked the ad message through every possible channel of communication with your customers and prospects. One of my clients recently told me that, through conversations with salespeople, he learned customers often refer favorably to a customer story that appeared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.) Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating Medical Billing - GU0 Record Fields 66 Through 68 ared in a trade publication. That’s a rare compliment in this business and I’ll take it — but not without asking: “How many of your salespeople are talking favorably to your customers about that article? Are they using reprints to build relationships? Can they mail out reprints to hot prospects to help close sales?” My client simply was looking at the quantified results – customers liked the article. He wasn’t considering that his sales force might be able to add to the momentum of this positive feedback. (By the way, we did use the article and an ad in a very successful direct mail campaign that garnered significant sales within days.)Even though we're only a few fields away from the end of our segment on medical billing and the GU0 record, these last few fields are so complex and confusing, that the explanations of how to fill them can get rather lengthy. We've tried to simplify this series so that it's at least a little easier to understand than the DMERC manual, which was most likely written for literary geniuses. In this installment of our electronic billing series and the GU0 record, we continue our review with field number 66.GU0 field 66, positions 282 - 285, is Reply NUM L04 N05. This field is the reply to the fifth question on any DMERC certification requiring a four position numeric response. The following forms are supported for this field. For form 01, the valid responses are 0000 - 9999. For form 04, the valid responses are 0001 - 0099. For form 10, the valid responses are 0000 - 0007. No other forms are supported.Form 01 is the maximum width in centim Reaching thousands in an ad is very important, but ultimately it’s a single handshake that closes a sale. Integrating advertising, marketing, and PR into the sales culture of your company backs them up both in decade-long relationships as well as initial cold calls. If a marketing message can be part of the process throughout that entire sales/marketing spectrum, increased sales will follow. Diversify Your Toolbox Diversity is key to an Integrated Initiative. After all, if you’re going to integrate the tools you’re using, diversifying those tools will simply give you more to work with and more opportunities to succeed. Take advantage of new technologies to expand the tools at your disposal. For instance, you might be able to negotiate a print ad program that provides you with pdf’s of all ads and news that appears in a publication. The material cost is little or nothing for the magazine, and it provides the sales force with an easily emailed piece to customers and prospects. Another example is packaging editorial consultation with an advertising program. Advertising in a special issue focusing on a key market could warrant a conference between sales, marketing, and magazine editorial staff to preview the issue and offer perspectives on that market. A direct mail piece to a select list of readers/customers for that issue with a letter from regional sales personnel further concentrates efforts to target markets and helps boost the advertising impact. In this case, advertising, public relations, direct mail and sales are all part of a loop that will ultimately reach prospects from several different angles. This in turn draws in leads and tightens sales cycles. While these tools are not necessarily free, they are comparatively inexpensive. More importantly, they add significant value to elements that are already in place such as advertising and PR. Diversifying tactics is simply realizing the full value of core markets and sales tools that already exist. Repetition Isn’t Always Bad Repetition is known to be a highly effective means of communication. It’s how we learn as children and it’s how we remember as adults. An integrated marketing program ensures that your message is penetrating markets with repetition. If you have a customer testimonial program, for instance, reference those customers in press releases, trade show literature, your web site, industry speeches, annual reports, and ads. Even incorporate them as talking points in sales pitches and presentations. Repetition such as this ensures that your message to market gains traction at every contact with customers and potential customers. Often, this is a simple, easily implemented element that can serve as a good first step to integrating a marketing program. Close the Loop – Close Sales Putting together an Integrated Initiative that intelligently closes the loop between marketing and sales harnesses the power of each and delivers results greater than the sum of its parts. More importantly, it refocuses the attention on the larger goal of strategic growth. Careful planning and execution are necessary (no one said it was easy to have each piece of an
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