Company URL |
http://www.performark.com |
Who are your mentors and why? |
My father. He was an accountant but a born sales person. He taught me the value of relationships. It has shaped our model. |
What is the most helpful advice you've received to improve your business? |
Cash is everything. Great ideas can only be implemented with adequate cash. |
What is the most helpful advice you can give to help others improve their businesses? |
Build strong personal relationships with your customers and watch your cash. Profit is important but cash is king. |
How do you give back to the professional community? |
I co-founded a non-profit, Social Venture Partners-Minnesota to enlist entrepreneurs and professionals into philanthropy. I've also been a guest lecturer for three colleges. |
What is your favorite business book? |
I've read hundreds, many grea; but two old books have had the greatest impact, Stephen Covey's 7 Habits and Peter Druckers Managing in Turbulent Times. |
What's your recommendation of the 4 steps?
Which 4 basic skills or process steps do you recommend? |
Lead Generation Process
- Start with a great database - it will reduce your costs by as much as 50%. If you don't have one, build it.
- Shoot for depth in your profiles. People buy from us, not for what they know about us, but for what we know about them.
- Build a comprehensive nurturing program based on delivering only relevant data, at the right time in the buying process, in the prospects preferred media, and all based on the prospects profile data.
- Measure everything. Testing and refining should grow your ROI by 10%+ per year even if your already an industry leader.
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In your opinion, the best book on marketing is: |
Stan Rapp's first book |
Your reasons for choosing this book are: |
After I read it, I realized the need for nurturing, long before we defined it as nurturing. The struggle to do it well has become easier thanks to marketing automation. |
What would you say to someone who asks what to do first in managing sales leads? |
Start with your desired outcomes and build a process to support that.
Be sure you have input from all stakeholders.
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If someone wants to nurture sales inquiries what process would you recommend? |
I don't believe there is just one right process, but the following must be included.
- Become a trusted source of reliable data. Most buyers will not want to engage with sales until they have done thier due dilligence.
- All content must be relative to the propects needs, which should be specifically defined in your database.
- All interaction should be appropriate to the stage in the buying cycle for that individual prospect.
- Measure the effectiveness of timing, message, offer, and media for each type of prospect.
- Do not buy into the perfect process. Keep continually improving it.
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What steps would you suggest to measure the ROI for sales inquiries? |
Everything should be measured but through the lens of revenue.
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