Outsourcing Sales & Marketing Support

Today’s economy makes it more important than ever for sales people to be productive. With fewer purchases happening, it’s simply not acceptable to waste any sales time on tasks that don’t involve interacting with businesspeople to create a new relationship, guiding a project or identifying new needs. This situation especially applies to sales people with limited corporate support, as well as services franchise owners, independent consultants, entrepreneurs and business development professionals and independent sales representatives.

Freeing up your day – from inexpensive-to-free tools and cost-effective support

I’ve been experimenting with a variety of free or inexpensive Web 2.0 tools and inexpensive, outsourced labor to eliminate as much unproductive time as possible from my work as a consultant. The goal is to achieve 90% or more of my time on direct sales and creating business offerings for my clients. The web tools will filter and deliver information to you, but it’s still a problem to screen out the irrelevant news, move that information to your personal file system, and fix administrative issues like PC problems or travel set up. With outsourced labor costs on Elance and Odesk dropping to $5/hour for simple tasks like data entry, and $15 to $50 for higher value business research, administrative assistant, and technical support, you can combine web tools with labor to complete your outsourced sales environment and achieve a compelling ROI – whether paid for personally or by your company.

Where do you lose selling and relationship management time?

Consider the following tasks. Ask yourself how much of your day they take up. Include in the estimate “disruption time” – that is, the extra time lost from getting to the heart of intense prospect/client conversations when you have to switch frequently to read emails of questionable value, enter data into systems, etc.

  1. Identifying qualified prospects through web research and online chat boards. Then, researching their industry, company situation and key contacts, as well as social network referrals you can use for a warm lead.
  2. Prioritizing your queue of new calls and follow-ups each day, and bundling together meetings at nearby companies when you travel (not to mention printing maps and booking hotels).
  3. Entering contacts and prospect/opportunity status in your CRM system.
  4. Finding quality networking events to attend, researching the attendees and following up with those you spoke to with an email thank you. Furthermore, finding events and webinars you and your company should speak at or have a booth for.
  5. Drafting proposals, especially locating a relevant template from similar work and entering basic information like the signatory contact.
  6. Staying abreast of your clients’ industry by reading email newsletters, picking quality blogs, loading podcasts on your MP3; then actually reading these sources to find the most relevant handful of stories each day that will improve your sales outcomes. This helps you sell more intelligently and come up with reasons to get back in touch with hesitant prospects, beyond “just checking in…”
  7. Entering expenses, fixing your PC/Mac or getting VoIP and VPN to work from your remote office, re-ordering business cards and supplies, and other office administration.

I estimate that at least 1/2 of the week is consumed with these tasks by many salespeople, including productivity lost by getting back into focus after a disruption. Now, what if you had a virtual sales assistant that took care of almost all of these for you and you could just follow a queued-up daily plan for client interaction?

Let’s see how close we can get to this ideal situation. The next several blog posts will cover each of these areas and demonstrate how you can put together the tools yourself, or use a service to do it.

Finding networking and speaking opportunities

For example, I have been using the services of AtHandz, an Internet research outsourcing firm, to identify speaking event opportunities for an attorney client of mine that wants to expand her clientele. After defining the industries and event criteria for desirable speaking slots, I’ve had AtHandz find compile event calendars and association lists; find over 50 events for which my client is a relevant speaker (and there should be no cost to speak); enter those events in a spreadsheet with details on the organization, event/speaking invitation process and contact; create Outlook business cards and draft email inquiries; and update my status by reading BCC’s of email correspondence. When there’s a positive email response, I make the initial call to the organization. If and only if there’s a mutual fit, my attorney client joins a second call to create the deeper relationship. It’s even much easier for your support staff to read about and filter networking events where you want to attend, meet people and collect business cards, than it is to find speaking opportunities.

The next blog posts will look at the hardcore sales tasks of identifying and research prospects, setting up your daily call queue, as well as administrative support such as my quest for quality desktop PC support at under $25/hour.

Outsourcing for marketing and job hunters, too

The same approach to combining free or very inexpensive Web 2.0 tools with inexpensive, outsourced labor can also work for the marketing function and even for job hunting. Marketers need to engage in the conversations on the web which now involve their product, and filtering these conversations take a lot of time (even with Google Alerts). Job hunters, by definition solo workers, can have their job search time consumed by filtering through the email alerts from job boards, entering contacts into Outlook, tracking which openings to follow up with and reading news and articles with ideas for their future. In both cases, individuals need to spend just a little in order to raise their productivity and value quite a bit. Outsourcing marketing and job search support will be covered more in future posts.

ACG InterGrowth, May 12-14, 2009–world's largest conference for deal industry

I’m looking forward to attending ACG InterGrowth in Las Vegas, May 12-14, 2009. For those not familiar with it, ACG InterGrowth claims to be the world’s largest conference for the deal industry. We expect more than 2,000 middle market M&A professionals (excluding government-owned companies which are nervous to send their employees to Vegas). Participants include private equity professionals, investment bankers, corporate development officers, lenders, lawyers and accountants. The cost of registering goes up after March 16; to register, click here.

ACG was kind enough to invite me to give a keynote talk at the conference on “How to Win Clients, Originate Deals and Raise Capital Using Online Networks“. You can see a preview of the talk here.

ACG just launched a gated online community for their members. I’d welcome feedback from anyone who’s a member.  The ACG online network is going after a market segment that overlaps somewhat Angelsoft.net, Village.Albourne.com, and Finemrespice.com . In the world of investors in public markets, the closest comparables are FT Alphaville Long Room, SumZero, ValueInvestorsClub.com, and Village.Albourne.com.  For a list of online networks for traders, see SFO magazine.  However, unlike all of the competitors I mentioned, ACG has the advantage of decades of experience running a significant trade association.

As a general comment, there are relatively few examples of offline trade associations who have successfully built online networks for their members. For more on this, see Outsell’s report on Social Media in Scientific, Technical and Medical Information Part 1: Social Networking. ACG is aspiring to be the exception, and I look forward to seeing their success.

For anyone in the mid-market private equity world, this is one of the most important conferences of the year. If you’re going, please drop me a note via the ACG online network.

Need to Find a Job? Stop Looking So Hard

I posted a page on Teten.com with slides from all of my speeches most relevant to people seeking a new opportunity, and with a range of other resources that I think people in transition will find helpful. Career resources.

Also, a friend just sent me this link, which I thought had some insight for those in transition: Need to Find a Job? Stop Looking So Hard

How to Write a Resume that Sells (and a Personal Marketing Plan)

While I was in business school, I worked part-time as a resume editor for the school’s office of Career Services. During that time, I wrote the guide below on “How to Write a White-Hot Resume and Personal Marketing Plan”. Given the economy, I thought that many people would find this helpful. It’s also very pertinent to people applying for business school.

Resume Guide Teten

Giving Away 50 Free Guitar Lessons to Bloggers

1077302_playing_guitar_2 I posted this on my new personal blog on Friday, but as we all know, big announcements really should go out on Monday, so I saved it for here until now. :-)

I’ve been hinting on Twitter for the past couple of weeks about my “big new venture”. Well, this is it! I’m the new Director of Online Marketing for American Guitar Academy. Cool story, in brief. I met the founder, Andy Harrison, at an event where I got introduced to him by my friend Ann Collins (who I met on Twitter). Andy and I talked for a couple of hours that night, one thing led to another, and here we are! (See.this stuff really does work!). This venture brings together my love of music and my experience with social media, working with people with whom I’m philosophically/spiritually aligned – doesn’t get much better than that.

And as my first official order of business, I get to give away 50 free guitar lessons!

Have you always wanted to learn guitar? Or did you start and then drop it because you weren’t learning fast enough? Or maybe you already play and want to take your playing to the next level? No matter what level you’re at, this offer is for you.

American Guitar Academy has trained thousands of guitarists and bassists in the Portland, Oregon, area over the past few years using their patent-pending learning system, which has been shown to be as much as 8x faster than other methods at helping you achieve your learning goals.

AGA now wants to take this method to the world. How?

Skype!

That’s right – live one-on-one lessons in the comfort of your own home. Personal attention from a patient, compassionate guitar coach who will help you achieve your goals faster than you ever thought possible.

Here’s what one AGA customer had to say about her experience:

“I had tried several teachers before working with AGA but was frustrated with the results. I love the one-on-one attention vs. the classroom setting, and my AGA guitar coach seems to understand how I feel as a beginner – he’s very encouraging and supportive. AGA’s online lessons are very affordable compared to the local teachers. The convenience is great, too. I used to drive 45-60 minutes each way for guitar class. Even the closest option is 15 minutes each way – I was spending more time driving than learning. I’m still a beginner, but for the first time I’m really happy with the progress I’m making.”

- Jonalynn, Hawaii

Now I could go on and on about how great the AGA learning system is, but why? The best thing to do is just let you experience it for yourself.

So here’s the first offer.

The first 50 bloggers to call (503) 430-1484 get a free 30-minute lesson to try it for yourself. Now there are some eligibility requirements:

  1. You must have a guitar available to you (duh!). Actually AGA provides guitars for the free lessons in their Portland office, but that wouldn’t be very practical in this case. :-)
  2. You must have a working webcam and Skype. These lessons are interactive. YouTube videos can’t give you feedback.
  3. You must have an active blog, i.e., 4 or more posts within the past month. Honestly, I’m probably not going to check it. Honor system.
  4. You must speak English fluently (but you can be anywhere in the world). We may hire guitar coaches for other languages in the future, but for now it’s just English. Also, if you’re not in North/Central America, we’ll do our best to find a mutually agreeable time, but we can’t promise at this point.
  5. All levels and ages (well, let’s say 10 and up – we’re not sure yet how well young kids will work with the webcam) welcome! AGA’s system starts with the very basics and goes through highly advanced techniques on both acoustic and electric.

That’s it – no strings attached!

Try it out. Of course, we’d greatly appreciate it if you blogged about your experience – good, bad or neutral. This is a new program and we want the feedback as much as the buzz.

If you love it and want to learn more, here’s offer #2.

If you decide you want to continue your learning, you’ll be eligible for a 50% discount off the regular price. When we launch this program in full, the standard price will be $99 a month, with discounts for longer commitments. If you participate in this pre-launch event, you’ll be eligible to be locked in at 1/2 price – $49 a month (1/2-hour weekly lessons) for as long as you want to keep working toward your learning goals. Only one catch: to be eligible for this offer, you’ll need to:

  1. Post a link to your blog post about your first lesson in the comments here, AND.
  2. Tweet a link to your blog post about your first lesson to @AmerGuitarAcad.

One more offer (that’s #3).

WillBlog4Guitar OK, I’m not going to call it a contest, and I won’t insult your intelligence by calling it “free guitar lessons for a year”, because there is an exchange. So let’s call it an audition. Simply put, we’re going to pick one (or two or three) people to keep blogging about their experience in exchange for lessons. No length requirements – just blog about your lesson every week. No money out of your pocket, just a few extra minutes of your time.

If you’re interested in blogging for guitar lessons, same requirements as offer #2 above – post a link to your blog post here and tweet a link to @AmerGuitarAcad.

So are you ready to start learning guitar faster than you ever thought possible?

All you have to do to get started is call (503) 430-1484 to schedule your free lesson.

And please. feel free to tweet this, blog this, etc., if you think it would be of interest to your friends/readers/followers.

Top image: Jesse Therrien @ stock.xchng
Bottom image: Txt2Pic.com

Practical Tools for Law Firms to Expand their Clientele and Mindshare

I’ve been asked recently to present to law firms (in NY, CT and DC) on practical ways to improve their online presence, and combine this with traditional relationship building methods. The result is this presentation, which describes specifically how to polish a LinkedIn individual or company profile, obtain speaking opportunities and be quoted in articles with minimal effort, and use surveys and low-key events that allow industry executives (who are your potential clients) to mingle.

The steps require between 1/2 hour and 2 hours a week for your partners who emphasize business development. The range depends on whether you want to be simply “credible” in your online presence, or “facilitative” in blending networking and outreach with online activities, as shown on my slide about the efforts & results continuum from “Simply Present” to “Online Leader.”

For those attorneys and practices that still are challenged to find time to build their presence and relationships, online marketing consultants (there are talented independent consultants these days so less need to hire a firm) can make it easy and cost-effective to draft content and research speaking/article/outreach partners, while leaving the final sign-off and interpersonal communications to you.

The slides can be viewed here: