Search:

Understanding Your Customer: How They Define Value

Posted by Doug Davidoff

Mar 15, 2017 4:00:00 PM

Understanding Your Customer: How They Define ValueIn 2004, when I launched Imagine, I wrote an article that stimulated a lot of conversation. I would refer to the article often when helping companies design their sales strategy and approach to execution.

While it’s one of my favorite articles that I’ve ever written, I haven’t really thought about it over the last seven years. Then, almost out the blue, I’ve referred to and/or shared this article at least five times over the last three weeks. As the saying goes, “what’s old is new again.”

Given the frequency I’ve been referring to this, I thought it would be a good time to update it here on The Demand Creator Blog. The focus is on a crucial strategic distinction about how your target prospects, or personas, define and view value.

Read More

Topics: B2B Sales Strategy

The Most Common Mistake that Stalls B2B Sales & Revenue Growth

Posted by Doug Davidoff

Feb 16, 2017 3:00:00 PM

The Most Common Mistake that Stalls B2B Sales & Revenue GrowthI will admit that as a student in high school and college, I hated science classes. It really didn’t matter the discipline - chemistry, biology, physics - had no interest. The classes didn’t make sense to me, the labs were painful and frankly, I was just grateful that I was able to squeak by to graduate (to this day I still have an anxiety dream around chemistry class).

Now that I’m older (and wiser) I regret the lost opportunity that my distaste for science created. Today I find myself referring to scientific principles that I’ve learned since graduation. Even more so, I find myself talking about and modeling the process of science, and I’ve realized that the scientific model is a great model for any business desiring accelerated and sustained growth.

I’ve also learned that my distaste for these classes wasn’t really my (or science’s) fault. Instead it was the fault of how the classes were taught and the labs were run. The problem - and this is a HUGE problem that plagues small and mid-market businesses - was that the focus was on getting the right answer, rather than on discovery.

The scientific methodology is, or at least should be, all about the discovery of “the truth.” Experimentation is crucial to discovery. Effective experimentation requires that you eliminate the “judgment” of results. Testing out a hypothesis that turns out to be false is just as valuable (and in many cases more valuable) than testing one that turns out to be true.

Read More

Topics: Performance, B2B Sales Strategy

How to Ensure Your Proposals Don’t Suck So You Win Business

Posted by Doug Davidoff

Feb 3, 2017 12:00:00 PM

How to Ensure Your Proposals Don’t Suck So You Win BusinessAnyone involved in sales, marketing or demand generation should make it a point to get involved in buying processes from time-to-time to see how others manage the sales process. I’m lucky enough to see multiple processes on a regular basis.  

Between the prospects I’m discussing services with, working with our existing clients and in my role as CEO of Imagine (on the buying side) I easily participate in many processes every month.

There’s one thing that about 90% of them have in common with each other - they suck! I mean they’re really bad.mThey’re boring, self-centered, confusing and basically a waste. And the lynchpin of their suckiness (is that a word?) has got to be the proposal. That critical point where the seller is going to deliver the full proposition and demonstrate how their solution fills the needs of their prospect is so bad, so often that I’m surprised people actually buy.  

The reason it’s so bad isn’t because of a lack of time, attention or even money. I know many companies where the costs of developing a proposal are in the tens of thousands of dollars. You’d think with an investment like that, it would be the best part of the process. Unfortunately it’s not.

In my experience, there are four primary reasons that that proposals are as bad as they are. I share the fixes below. Before I get to the solution, let me be clear that when I talk about proposals I’m talking about formal and informal proposals. If you’re asking someone to buy something from you, you’re making a proposal. Following these rules is crucial to success.

Read More

Topics: B2B Sales Strategy

How to Use Social Media Data to Have Better Sales Conversations

Posted by David Fletcher

Jan 18, 2017 11:00:00 AM

How to Use Social Media Data to Have Better Sales ConversationsI think it’s safe to say that most sales professionals know that it is imperative to be as prepared as possible during all stages of the sales process, in order to communicate in an intelligent fashion with prospects. Today we have so much data available that comes from a variety of sources and sales professionals are at a disadvantage if they do not utilize it. Data is playing an increasingly vital role in helping sales professionals know when and how to contact their targets, and ultimately become more successful at closing opportunities.

Using data in the sales process has become so important in leveling the sales and buyers playing field. Let's not forget, most buyers today are well informed before they even speak to a sales professional. To make data even more valuable, there are more decision-makers involved in a B2B purchase than ever before. Here are three ways your sales team should be using data to have better conversations, starting as early as the initial conversation conducted by the sales development reps.

Read More

Topics: Sales Development, B2B Sales Strategy

Five Reasons Good Sales & Marketing Messages Fail

Posted by Doug Davidoff

Jan 12, 2017 3:00:00 PM

Five Reasons Good Sales & Marketing Messages FailMessaging gets a lot - A LOT - of attention from both marketers and sales executives. For good reason too. An effective message is like a large lever (give me a lever long enough and I can move the world). Conversely a poor message will thrust you into a thorny patch of commoditization and irrelevance.

As you’d expect with something as important as a company’s messaging, significant time and money is spent on the effort. But stop for a moment and do the following:

  • Look at your website
  • Review your sales and marketing collateral
  • Think about how sales conversations are started with prospects

Now, ask yourself, “what is the message we’re conveying?” Are you happy with it? Does it stand out and resonate with customers and prospects? Is it a competitive advantage?

I know the answer for most of you is, “no!” I know this because in workshops I conduct across the country when I ask executives, marketers or salespeople to share their message, almost all of them start off stuttering and blathering about themselves. I can also look at the results of marketing and sales efforts and see that the message isn’t working.

Having been directly involved with the assessment and development of hundreds of companies’ messages, I’ve learned five key reasons that good messages fail.

Read More

Topics: Lead Generation, Inbound Marketing, B2B Sales Strategy

5 Priorities for Every Demand Generation Executive's List in 2017

Posted by Doug Davidoff

Jan 3, 2017 3:00:00 PM

5 Priorities for Every Demand Generation Executive's List in 2017The fresh air of a new year. Anything is possible and confidence is running high. I’ve always found the New Year to be exhilarating. Days are getting longer, and there’s a “clean sheet” to build upon. There’s also something extremely powerful about the next five months, where holidays are minimal and people are focused.  

Unfortunately, by the time we get to May, most organizations and executives will be back to feeling overwhelmed, consumed by the daily news cycle, with worries about the future of the economy or any number of distractions that are outside anyone’s control.

Over the years (I like to think I’ve gotten wiser through the years) I’ve come to learn that while excitement and energy feel really good, the key to advancing one’s agenda is the focus on a limited number of priorities.  As our Operations Manager likes to (constantly) remind me, “If everything is important, then nothing is.”

If scaling revenue growth is at the top of your agenda, here are five priorities that need to be on your list:

Read More

Topics: Sales Development, B2B Sales Strategy, Sales Cycle

3 Go-to Emails I Use to Advance B2B Sales Opportunities

Posted by Doug Davidoff

Dec 21, 2016 12:00:00 PM

go-to-email.jpgDecember has always been a fascinating month for me.  Filled with the anticipation of what the next year will bring as well as contemplation of what the last year has been. It also includes the chaos of preparing for the holidays, seeing friends and relatives and working to finish things up so you have a clean start after the new year.

For me, the last month has been very intense as we’ve been working (hard) to close outstanding business, and to move opportunities along so they’re in a strong place post holidays. While the phone is still a very important tool for any salesperson, email communication has become more important than ever. In today's world there are times when email is more conducive than the phone to move things forward.

Over time, I've found three emails that I go to time and again to move opportunities along, and I'm going to share the approach of these emails with you today. It's important to note that there's no such thing as a "magic-bullet" email. Email works when it's personalized to the situation, and fits the context of everything else you are doing. I share these emails for inspiration.

Read More

Topics: B2B Sales Strategy, Sales Training/Coaching

5 Reasons B2B Salespeople Fail to Use CRM Effectively

Posted by Doug Davidoff

Dec 9, 2016 3:00:00 PM

reasons-salespeople-fail-to-adopt-CRM.jpgIt amazes me how often the topic of CRM adoption is raised. I remember when I first got involved in sales and programs like Act! For DOS (remember DOS) was the focalpoint. It seems that for as long as there have been computers, the topic of sales force automation and CRM adoption have been top issues for sales teams.

The sad part is that many of the issues and obstacles companies face today are basically the same as what they faced 36 years ago. The good news is that a whole new breed of CRMs have been developed and their growth demonstrates the pain that still exists surrounding CRM.

Be careful though. No matter how much you like a CRM, remember that it is just a tool and its effectiveness will depend far more on how you deploy it than how good the tool actually is.

Read More

Topics: B2B Sales Strategy

3 Criteria to Assess the Effectiveness of Your Sales Process

Posted by Doug Davidoff

Dec 6, 2016 2:00:00 PM

3 Criteria to Assess the Effectiveness of Your Sales ProcessI was talking with a prospect a few weeks ago about his (lack of) sales process. He took exception with my comment, saying that they did have a process and that it was defined by their pipeline stages.

Those stages won’t shock anyone who has been in sales anytime in the last three decades. Here’s how it was set up:

  • Initial Contact Made
  • Qualification
  • Demonstration
  • Proposal
  • Negotiation
  • Closed/Won
  • Closed/Lost

While those are certainly steps in the sales journey, they don’t meet Imagine’s definition of a sales process or sales methodology. As I explained that to my prospect, he asked a very insightful question, the answer to which I share here. His question: “Why Not?”

Read More

Topics: Sales Development, B2B Sales Strategy, Sales Training/Coaching

[Video] What You Need To Know When Launching or Revising Your Growth Playbook

Posted by Doug Davidoff

Nov 30, 2016 3:30:00 PM

successful-business-growth-strategy.jpgA few weeks ago I shared an article here on the Six Stages of a Successful Growth Strategy. The launch of such a strategy is an exciting time for everybody. You deal with possibilities, address limiting obstacles and emerge with a strategy that creates clarity and confidence...two necessary and powerful ingredients of success.

There's a downside to the excitement however. It's easy to underestimate what's involved in transforming that clarity and confidence into real prospects, sales opportunities and revenue. This often leads to a deadly mistake in execution.

In the video below I share this secret, and highlight the keys to successfully navigating it.

Read More

Topics: Sales Development, B2B Sales Strategy, Sales Training/Coaching