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Archive for February, 2009

Sales Process Should Fit Buying Stage

Thursday, February 26th, 2009


For maximum efficiency, it is necessary to have a structured sales method. Yet, we see so many companies ignoring this. Unless a company has structure in their sales process, sales can easily be lost.

The first and most basic step is to take the time to develop a sales process. It doesn’t have to be too cumbersome and you don’t have to have your team fill out too many forms or jump through too many hoops. The only question that should drive the initial process is “What does the customer need in order to make the purchase.” The following questions can be asked:

• What will it take to make a purchase and who needs to be involved.
• Where is the client in their buying process? Are they shopping around or are they a few days away from signing a contract?
• What is the next step that they need to take? If they are shopping around, for example, this could be the time where you send them a discount.

Sales should operate with the knowledge that everything that they do is to get the prospect to the next stage. When sales takes on an action with the client that doesn’t get customers to the next step, the energy will prove to be futile.

This same logic should be used when you have a client meeting. By remembering what you want your prospect to do at the end of the meeting, you should have a plan and execute that plan during the meeting. The end result is to have your prospect take the next step in their buying decision.

By remembering where the prospect is in their buying process will allow you to make the right decisions in enabling them to take the next steps before a purchase.

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Patience

Tuesday, February 24th, 2009

The vast majority of start-up companies do not make millions of dollars overnight. It can take a bit of time to reach the ultimate profitability goals and margins. A website based off the eDirectory software is no different than a brand new start-up company, it can take time to see monetary results.

There are several things a new directory owner can do to help monetize and grow the site in the early stages of the directory. These include:

1) Have a strong marketing plan
2) Pre-populate your directory with information
3) Continue adding new content and information to your directory

Have a Strong Marketing Plan

Marketing a new product or company to people is not a simple task. It involves lots of planning on who the target market is and how you plan on reaching that target market. A lot of the times, once a target market is identified, to reach that market one must go back to the basics of marketing. Direct mail, door to door, cold calling are all parts of the marketing basics that can help you get your name, products and services out to the target market it which you which to sell to.

Pre-populate your Directory with Information

Having information in your directory before you begin marketing your new products can be an important factor in your early success. It can be difficult for a potential customer to purchase an item within your directory if they come to your directory and only see blank pages. Your directory needs to be populated with listings, events, articles, banners, etc. to help illustrate to potential customers that you have a populated website that could help bring them new business.

One way to help populate your website is by purchasing a database of listings through a 3rd party that relate to your business model. This allows you to, not only, populate your directory but it allows you to market to the businesses you purchased that are already in your target market through one of the basic market tactics.

Continue Adding New Content and Information to your Directory

It is important to keep adding new information and content to your directory. A good method of adding new content to your directory is through a forum or blog or by adding new articles for individuals to read. This new information will not only keep bringing visitors back to your site but it will also help with your SEO rankings, as search engines are constantly looking for new content on websites.

Jessica
Project Manager, eDirectory

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GeoDomains - Popularity is Increasing More Than Before

Thursday, February 19th, 2009

Owning a domain name that is geographically based is a hot commodity right now. This will be, especially true this year, with Google moving towards a localized search model. In other words, when someone places a search, Google will come back with local companies based on your keywords.

If you’re a savvy Marketer, you know that the value of a geo domain is based on what is built on it and how much revenue is coming from the site. You can use your geo domain for local business directories, advertising listings and sales in the same way that the print copy of yellow pages works.

There are many resources for you to learn more about the art of owning a high priced domain name. Elliotsblog is a great resource to learn more about what is going on in this industry. Elliot owns a portfolio of domain names and was honored with the Domainers Choice Award for his blog. Here you can keep on top of the latest news and get to know many of the players in the field.

Some of the things that I’ve been learning by reading what the experts have to say is that there are two types of GeoDomains:

· Pure GeoDomains (ex. Pittsburgh.com, Virginia.com)

· Geo Generic Domains (ex. MissouriLawyers.com, BostonAntiques.com)

While the pure GeoDomains are very expensive, the Geo Generics are more readily available. Should you have one, the development of these domains can vary. Many people prefer to create a guide with advertisements, business listings, coupons, event postings and content which appeals to the local audience. Others create a visitor guide which is aimed to tourists and business visitors. Another growing trend is that GeoDomains are being used as social networking sites to connect people in the local community.

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