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By Marc Hausman,
President and CEO Strategic Communications Group, Inc.
Part 2 of a 2-Part Series (Click
here for part one.)
In Part 1 of this series, we discussed a two-pronged approach of
"macro-targeted" and "micro-targeted" marketing
and communications activities to grow your sales pipeline by getting
in front of your key targets.
To fill your sales pipeline with quality leads, it is critical
that your sales and marketing programs rely on both micro- and macro-targets.
As a reminder, macro-targets (including media and other broadly-based
market influencers) validate your company's positioning and key
messages, and increase your awareness in the market. Micro-targets,
on the other hand, are the specific people, companies and organizations
that can more immediately affect revenue and your company's overall
success.
In the second part of this series we will discuss how to make the
most of a sales meeting once it's set. Again, it is time to leverage
macro- and micro-targeting in three important ways.
Laser Focus Messages for Micro-Targets
Macro-targeted messages should broadly express your value proposition
and your company's positioning in the market to the press, industry
analysts or other market influencers. However, micro-targeted messages
are specific to people, companies or organizations that may directly
influence your capital, customer or partnership goals.
Let's assume that you have a meeting set up through the combined
efforts of macro- and micro-targeting. It's important to take your
micro-targeting one step further - hone your message and make sure
that your value proposition translates to the needs of the specific
company with which you are meeting.
This meeting was arranged because you are promising to provide
value, whether it is a strategic alliance, customer acquisition
partnership, channel development strategy, etc. Do your homework
and make sure you have the answers they are looking for to the questions
of "why buy," "why partner," or "why invest."
Here's one example: You're a small company looking for sales penetration
in a particular vertical market. If you know that you offer a product
or service that a company already selling into that market lacks,
you clearly are valuable because you extend the range of offerings
that company has at its disposal. The larger company can compete
for wider-ranging, more lucrative contracts if it enters a partnership
agreement with you.
That's how you answer the "why partner?" question. Now,
if your product is still in its development stage, the same company
may be willing to invest in bringing it to market. In short, you
have to be laser focused on what you do, and how it can pay off
for the people with whom you're meeting. And you have to be able
to explain it quickly and convincingly.
Validate With Third-Party Credibility
The power of third-party credibility is that it is always more
convincing to have someone say something positive about you than
just to say it yourself. This third-party credibility should be
used to smooth your way through your meeting.
Use the successes from your macro-targeted campaigns to reinforce
why your micro-target should meet with you. Provide examples of
articles by or about your company, press releases, inclusion in
industry analyst reports, etc. as validation and a demonstration
of a third-party confirming your value proposition.
During the meeting, incorporate comments from journalists and analysts
into your presentation to validate specific sales messaging. If
an industry trade magazine has rated your product tops in reliability,
you'll want to stress to the prospect that it is not just your company
touting your product's benefits.
Demonstrating third-party credibility is a must to demonstrate
unbiased validation of your value proposition and to move past an
initial meeting. If you are prepared to back up your claims with
credible industry sources, doing business with your company becomes
a less risky proposition for your prospect.
Leverage Your Facilitator
In many instances a third-party that has a relationship with both
your company and the prospect can facilitate the meeting. This facilitator
can be your law firm, PR agency or a business contact.
The role of the facilitator requires discreet participation - in
essence, providing introductions and reinforcing the purpose of
the meeting. Additionally, a good facilitator will be an attentive
observer, offering on-site counsel that enables both parties to
accomplish their goals efficiently.
Keep in mind, however, that with all relationships this is a two-way
street. The goal of the facilitator is to represent both sides to
ensure a mutually beneficial outcome because he or she has a relationship
with both you and the other party. Once in the meeting, it is your
responsibility to demonstrate your value to the prospect, not the
facilitator's.
Targeting in Action: WAM!NET Government Services
A good example of macro- and micro-targeting working together and
creating a positive result is WAM!NET Government Services, a Strategic
Communications Group, Inc. (Strategic) client and a major subcontractor
to some of the largest IT initiatives currently undertaken in the
federal government. As part of its growth strategy, WAM!NET Government
Services was evaluating a variety of different business scenarios.
Working closely with the WAM!NET Government Services' management
team to determine their specific growth goals, Strategic created
a communications strategy reaching out to macro-targets to increase
awareness of the company and validate their value proposition to
prime federal contractors.
Micro-targeting then put WAM!NET Government Services' management
in front of C-level executives with top contractors in the market.
Strategic leveraged its market connections to set up and facilitate
meetings for the company with three major contractors in the industry.
These meetings met expectations because both parties clearly understood
how a possible relationship would be mutually beneficial.
As we've seen in both parts of this series, the value of public
relations - positioning, awareness and third-party credibility -
plays a crucial role in increasing your company's revenue. Public
relations outreach to macro-targets creates an environment in which
it is easier for your company to achieve its capital, customer and
partnership goals.
But, this is only half the battle. You must implement communications
outreach to micro-targets as well because they make the buy, partner
or invest decision. Once you have the meeting, laser-focus your
sales messages, validate them with your public relations results
and leverage your facilitator. The end result will be a richer pipeline
and a higher percentage of closed deals.
Marc Hausman is president and CEO of Strategic Communications Group,
Inc. (Strategic), a public relations agency that helps its clients
to increase revenue through targeted public relations programs,
and access to the Strategic Network of Relationships. Contact
Marc at mhausman@gotostrategic.com.
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