- A UK SEO firm tries for three years, spends $200,000 in the US and signs zero clients — failing an unbelievable four times in a row. Their entire US sales team departs.
- eVisibility spends $150,000 in the UK and produces a handful of sales.
- DidIt fires their entire sales team.
What is going on? Why do young, hot companies in a fast growing market struggle so?
In such a young business, most all of these firms are founded and run by entrepreneurs — not professional managers. But the crux of the problem is simple. They stink at sales and marketing.
Let’s point to a few examples that I’ve observed:
- Websites are very slick, but all are “Post and Pray” We simply hope someone finds our website. There is little to no educational content and not a single Search Marketing vendor I could find has something as simple as a Call Me button.
- Websites talk, but is anyone listening? If a hot propect is on the website, no one knows.
- Sales is “smile and dial.” Get the sales people to call more. (Greenlight used Cisco phones so the CEO could track the number of calls placed.) This is naive and archaic.
- Product marketing is mostly product, product, product. After I worked diligently to turn my company into a business value, customer centric organization, our Chief Marketing Officer undid my hard work and turned the company into a classic product-first company. (Required PR firm to send press releases on products.)
I took over the US for a UK SEO firm and and the CMO directed me to past presentations stored on a network drive. Raring to go, I opened one — product. I opened a second — product. I opened a third — product. All were very slick, but I instantly saw the source of their lack of success. There was no customer centric content! There was nothing whatsoever about the client. Unfortunately, no one wanted to listen to bad news.
So what does the CEO of a search marketing vendor do? I have a few suggestions:
- Identify your ideal customer. What does the customer look like? What events do they attend? Go where they go — not AdTech or SES-NY — unless your customers are there.
- Create some value propositions. What is the business outcome that you deliver? What are your measurable results? Make sure salespeople can talk about it.
- Develop a strong target customer database. Use tools like TheListInc.
- Micro target your customers. Consider vertical marketing programs. (Example: RevPAR stands for Revenue Per Available Room and is the top metric in the hotel industry. A UK SEO’s top market is travel. So I asked the CMO if she had heard of the term. She said “No.” How can a company so focused on travel not know the top metric term?)
- Focus on a buying process
Another example: I recommended to a CEO that he develop a White Paper. He refused. On our own, we developed one for the hotel industry. Results blew away expectations. I asked the man writing it how many executives rejected his contacts. He said “zero.” Companies would kill for 100% response rate.) - Talk to people the way they want to be talked to.
- Empower salespeople. Develop pain sheets, voice-mail scripts and email templates and more.
Good luck and good selling. If your firm is looking for Sales and Marketing Leadership, just call or write.
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Jeff Ogden