The Green Sheet Online Edition
October 10, 2013 • 13:10:02
Quick tips from a marketing maven
Litter the path with action items
Today, the buying process is a journey, and every buyer takes his or her own unique route. Typically, the journey starts with a need. Historically, the role of advertising and marketing was to create that need. We showed prospects not only why they needed our product or service, but also how their lives would improve once they had it.
Realize your buyers have changed
Now, however, the need is just the beginning. Buyers who decide they want something don't simply walk into a store and buy it. They research. They use the Internet to identify likely solutions, as well as to research and compare options. They use digital media to discuss relative merits and disadvantages with other consumers. They narrow down their choices. They look for confirmation.
From the first inklings of desire to the point of acquisition, prospects take an information-gathering journey. Your goal is to be with them at each of these steps in the buying process. You must engage them, push them in your direction, and make it simple for them to choose you and act now.
Reach prospects at every point in the journey
The most effective way for a small business to accomplish this is to create a "communications library." This is a set of communications that can automatically be sent to prospects at each point in the buying process.
You may, for instance, create need with print ads or direct response. You may create banner ads or blogs that attract prospects in the early stages of interest. You may use pay-per-click and search engine optimization to ensure that you are recognized when a buyer begins to search for a solution.
When someone responds to your banner ad or blog, this is the first step of engagement. Make sure you have email templates and sales materials designed to capitalize on this interest. Offer something special and make it easy for prospects to "act now."
Adapt accordingly
Does that offer generate a response? If so, be prepared to act. If not, be prepared to act differently.
The point is you must be prepared to act accordingly at each level of engagement – and to encourage prospects to act. You must turn interest into action. Turn disinterest to re-engagement.
Even prospects who have chosen competitors should remain in your prospect pool. Check in on occasion to find out if they are satisfied. Let them know about a new product or service they would enjoy.
Successful sales today rely on being with prospects at every stage of their journey – and making it simple for them to act now.
Nancy Drexler is the President of Acquired Marketing, a boutique marketing firm for businesses in the payments industry. To learn more about what Acquired Marketing can do for you, visit www.acquiredmarketing.com, call 917-743-5258 or email ndrexler@acquiredmarketing.com.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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