In a recent post wrote I spoke of how it’s getting to be that time of year when smart salespeople are trying to meet their annual quota, as well as building and strengthening relationships during the holiday season, and clients are working on their budgets. As I wrote that article, I was reminded of a conversation we at Randolph Sterling once had with a client. We mentioned to them that, based on the trial program we were running, if they were to invest $150,000 in our solution, we could pretty much guarantee an additional $2-3 million in sales. It is a great return on investment, however they had to determine if they had the $150,000 to invest, and, if so, would they be willing to invest it on this solution or someplace else.
Many of us right now are struggling with similar questions. For example, this October, we at Randolph Sterling, where we have strong sales culture, were left seriously contemplating how much of our 2011 budget we should allocate towards our marketing efforts and how we should divide our marketing budget amongst the different tools we implement, whether they be our email marketing campaign, our blog (which you’re reading now), our various social media efforts, including Facebook, Twitter, and LinkedIn, or any number of other more traditional efforts. (Thank you Gini for your excellent video blogs on these topics).
However, we often see that many clients, whether due to their culture, or for some other reasons, believe they have to choose between sales (going out to look for customers) or marketing (drawing customers to them). Both are incredibly valuable, but unfortunately, it seems that too many companies focus on one over the other rather than developing a strong integrated plan. Here’s an example.
The marketing-focused company sends out a very nice post card to targeted prospects and hopes that they decide to call to use their services. The sales-focused company cold calls those same targeted prospects. Both get decent results, but the company who integrates the two by sending out the well thought out postcard and then has their sales team follow up on it by calling those targeted contacts most likely gets a better result than the other two because (in theory anyway) the guy who responds to the marketing effort follows the call to action on the postcard and calls the company that sent it, while the guy who responds to the sales effort doesn’t remember the postcard but returns the voicemail the salesperson left. However, a third group of people emerges who got the postcard and had a level of interest, but not enough to actually call themselves. They receive the follow up call and feel a little more familiar with the company because they remember seeing the logo from the postcard as the salesperson talks to them. Those that implement both sales and marketing efforts (again, in theory anyway) therefore are likely to get responses from all three groups.
With this said, it is important to point out that many people who went into marketing did not go into marketing to be salespeople, many people who went into sales did not go into sales to do marketing, and many people when starting their business had no real desire to do either, even though, oftentimes, both are required for the best results. So, where do you go from here?
The first answer that comes to mind is you can do it on your own. You can do it yourself. Someone else at your company can do it. Or you can bring in an additional person or two to fill these roles in-house. To once more use ourselves as an example, we are a sales solutions company, but we have an in-house Social Media Director, Daniel Nuccio, who handles our email marketing campaigns and manages our blog and social media accounts, while we maintain close relationships with marketing companies with many different specialties to help us and our clients with other tasks (more on this later).
However, you may not feel comfortable filling these roles yourself. Or you may believe that the time of you and your employees would be better spent elsewhere. And you may find that bringing on one or two new people may be too costly.
So, then what? You bring in an outside team or two. At Randolph Sterling, we offer a number of outsourced sales services for both short term and long term sales solutions. And, for your marketing needs, we at Randolph Sterling have partnered with a number of marketing firms with different areas of expertise so that we can better offer a full solution to our clients.