What can new businesses do to create demand for their offering?
If you are a new product or service, capturing the attention of potential customers is hard. If you are in this position then it’s important to adopt a digital mindset and lay the marketing groundwork online. Start by considering your current clients to create look-a-like profiles and target them with a brand awareness campaign. An important part of this campaign is highlighting the problems that you can solve for them and backing these claims up with relevant examples from your existing customers. As they become aware of your brand, find ways to add value to their working lives. Providing free information and knowledge will help to establish trust in your brand, making it easier for you to sell to them when the time is right. When you think about how many cold sales emails we receive each day that we ignore and delete, it’s no surprise that prospective customers are more likely to purchase if you slow their journey down and offer plenty of free value towards the start.
As you see prospects start to show intent by engaging with your digital content, however you choose to serve it, then this is your opportunity to start personalising the sales approach to that particular individual. Using the right tools you can see exactly what content a prospect reads on your website or which case studies they are downloading - this then gives you a good idea of what problem they are trying to solve. This gives your sales team the opportunity to pick up the phone and talk with the prospect in a meaningful way by giving them examples of where your company has helped solve similar problems for other customers.
How can businesses continue to sell despite economic uncertainty?
It’s no secret that we are going through a period of economic uncertainty right now, which is making it tougher to win new customers. But although many companies are trying to spend less, the majority are still open to making B2B purchases if the Return-On-Investment (ROI) is clear and significant. As a vendor, it is your job to make the potential ROI of your offering the star of your sales and marketing efforts.
Alongside this, businesses also need to find the right balance between self-serve digital marketing and human interaction in a buying journey. Automation of your content is great as it creates brand awareness on a large scale, but if somebody has a question about your offering then they need to be able to contact you quickly and easily. When making a decision based on ROI, nothing is more reassuring to a potential customer than speaking directly to a member of your sales team who can demonstrate that you not only understand the challenges they are facing, but more importantly have a proven solution for them too.
As a vendor, it is your job to make the potential ROI of your offering the star of your sales and marketing efforts.
Invest in your customer success team. If your customers are successfully taking advantage of your offering and enjoying a clear ROI, why would they need to ever consider a competitor?
What can businesses do to better retain clients in increasingly competitive markets?
Invest in your customer success team. If your customers are successfully taking advantage of your offering and enjoying a clear ROI, why would they need to ever consider a competitor? Customer success teams also allow you to maintain regular touchpoints with your customers so that if any issues do arise, they have a direct line of communication with your business and any potential frustrations can be resolved quickly. Regular communication also provides great opportunities for market research and product feedback. If a customer tells you directly about a new feature that they would like to see, it is highly likely that this feature will be relevant to other potential customers too.
TalentDesk is the easy all-in-one solution, enabling you to seamlessly organise, pay and manage your freelancers, all from one place.