How do great sellers break through the noise in cold outreach? How do they capture the attention of a major company, without having a prior relationship?
Having worked with some of the most successful sales organizations in North America over the past ten years, I’ve picked up more than a few solid outbound sales tips along the way. I’ve seen what works and what doesn’t for a range of companies – from household name media properties and national sports teams, to smaller startups and non-profits who don’t always have the name recognition that bigger guys do. Regardless of name recognition, industry, company size, or target customer, there are universal sales tips that the best of the best use to improve the outcomes of cold outreach.
If you’re in sales, and hoping to start the year off right, here are five of the most tried and true practices that get results. These are sales tips you can’t afford NOT to follow in 2018, so we’ll call them resolutions.
Have something to add to this list? Comment below!
1) Give before you get
Show some value to your potential partner before you ask them to take a call, or a meeting, or a product demo. I recently heard Morgan Shorey of FCB sum up the rationale for this so eloquently: “What if a random person invited you to look at their vacation photos for 45 minutes in their living room? Would you say yes?,” she asked, rhetorically, “Because that’s what you’re asking of a prospect with an off-the-bat meeting request.” Don’t be that person. Instead, take this very important sales tip to heart and share something helpful first. It doesn’t have to be time-consuming on your end – it can be a research study on their target market, a potential new business lead – just provide something valuable to them, and don’t ask for anything in return (yet). You’ll be light-years ahead of the competition that’s also vying for their attention.
2) Even if it is a numbers game, stack the deck in your favor
If your primary goal is to send as many emails and make as many phone calls as possible, by all means, ignore this one. If you’d like to pursue the prospects most likely to convert, take the time to know the characteristics your most qualified customers share, then fill your pipeline with companies that check all these boxes. An emerging lifestyle publication I worked with used a four-point qualification system, where their ideal prospects 1) spent at least $1 million on media annually; 2) had 1,000 or more employees; 3) had a female-skewing demographic; 4) had a CMO or VP-level marketing executive. Maybe you’re looking for social media agencies in the Midwest, or beverage brands that handle media in-house. Get very specific about the core attributes your ideal customers share, and use these characteristics to build a list of leads that have the greatest probability of converting. Bypassing this exercise might cost you the most time in 2018, even if you follow every other sales tip on this list to the letter.
3) Know that it takes 8-12 touchpoints, and they shouldn’t all be about you
Research suggests as many as 12 points of engagement to start a meaningful sales conversation, so be patient, and make each of those touchpoints count. Put some thought into your cadence, so that your follow up is more compelling than: “Just following up to see if you’re interested?” or “Did you see my last email?” The struggle then, becomes what to say. You will tell them who you are, but what if you learned more about who they are? And demonstrated that knowledge over time? For your most qualified target accounts, do your research –- set alerts to get notified when they’ve won an award, gotten a promotion, or announced a new partnership – and use this in your follow up. Many media/marketing sales professional use our prospecting publication, WinmoEdge, which reports on tons of relevant shifts in marketing strategy every day, to re-engage prospects based on their latest developments. Every time a company has a shift – to their target demographic, agency line-up, product offerings, media mix – they’ll use this timely development to feed a more personalized outreach. The best part? You don’t have to cite your source, so you come off as someone who’s just REALLY in tune with their business! Over time, your prospective client will appreciate that you’ve invested the time needed to understand them, and will be more receptive to you, often reducing the number of calls, emails and interactions needed to advance the conversation. Pro tip: Make sure to do this AFTER you’ve followed sales tip number two. You want to invest time in QUALIFIED prospects.
4) Use the content your marketing team produces
Full disclosure, as a marketer I might be a little biased on this one, but that doesn’t mean it’s not good advice! Sometimes sales people spend hours of precious time reinventing the wheel when marketing has already created the exact piece of content they need to attract attention, explain a complex offering, or accelerate a conversion. Check out your company’s blog, take stock of the sales enablement collateral that marketing has provided. Do they have case studies you can leverage to demonstrate ROI? A one-sheeter explaining how you’re different from your competition? Know what’s available, and use it!
5) When all goes right, ask for an introduction
If you’ve followed the steps above, and now have a happy client who you’ve delighted with great work, ask them for an introduction. Not just a referral, but an actual introduction to a friend or colleague who could benefit from your business as well. If you just ask for a name, they might not put much thought into the name they give you, but if you ask them to make the phone call or write the email introducing you to someone, they’ll be challenged to think of a company or colleague who this introduction could be helpful to, someone who could really benefit from what you do. The more you get in the habit of asking for introductions, the easier it will become, until it is second-nature.
Get Connected Now! Start Your Winmo Trial.
Winmo Wins: How Smart Sellers Are Crushing It with Winmo
in Ad Sales, Agency New Business, Business Development, Marketing Techby Marilyn Mead BrutocoDream clients added, record revenue won and quotas crushed… We’re about to share the stories of sales pros who are literally changing the game when it comes to selling bigger, better and faster – and creating win-win relationships with big-name brands and agencies in the process.
What do they have in common?
Aside from hustle, drive, and a desire to create value not just for themselves, but for their clients – they all use Winmo. And the results speak for themselves:
Want more? Visit our growing library of Winmo wins, or check out independent reviews on G2 Crowd.
Thanks to every customer who has shared a story of how our platform is helping to win more business. These are OUR wins! And we love the opportunity to #sellebrate with you.
Ready for sales intelligence that gets results like this? Try Winmo for yourself.
Sales Strategy Resolutions to Make 2018 Your Best Year Yet
in Ad Sales, Business Developmentby Marilyn Mead BrutocoHow do great sellers break through the noise in cold outreach? How do they capture the attention of a major company, without having a prior relationship?
Having worked with some of the most successful sales organizations in North America over the past ten years, I’ve picked up more than a few solid outbound sales tips along the way. I’ve seen what works and what doesn’t for a range of companies – from household name media properties and national sports teams, to smaller startups and non-profits who don’t always have the name recognition that bigger guys do. Regardless of name recognition, industry, company size, or target customer, there are universal sales tips that the best of the best use to improve the outcomes of cold outreach.
If you’re in sales, and hoping to start the year off right, here are five of the most tried and true practices that get results. These are sales tips you can’t afford NOT to follow in 2018, so we’ll call them resolutions.
Have something to add to this list? Comment below!
1) Give before you get
Show some value to your potential partner before you ask them to take a call, or a meeting, or a product demo. I recently heard Morgan Shorey of FCB sum up the rationale for this so eloquently: “What if a random person invited you to look at their vacation photos for 45 minutes in their living room? Would you say yes?,” she asked, rhetorically, “Because that’s what you’re asking of a prospect with an off-the-bat meeting request.” Don’t be that person. Instead, take this very important sales tip to heart and share something helpful first. It doesn’t have to be time-consuming on your end – it can be a research study on their target market, a potential new business lead – just provide something valuable to them, and don’t ask for anything in return (yet). You’ll be light-years ahead of the competition that’s also vying for their attention.
2) Even if it is a numbers game, stack the deck in your favor
If your primary goal is to send as many emails and make as many phone calls as possible, by all means, ignore this one. If you’d like to pursue the prospects most likely to convert, take the time to know the characteristics your most qualified customers share, then fill your pipeline with companies that check all these boxes. An emerging lifestyle publication I worked with used a four-point qualification system, where their ideal prospects 1) spent at least $1 million on media annually; 2) had 1,000 or more employees; 3) had a female-skewing demographic; 4) had a CMO or VP-level marketing executive. Maybe you’re looking for social media agencies in the Midwest, or beverage brands that handle media in-house. Get very specific about the core attributes your ideal customers share, and use these characteristics to build a list of leads that have the greatest probability of converting. Bypassing this exercise might cost you the most time in 2018, even if you follow every other sales tip on this list to the letter.
3) Know that it takes 8-12 touchpoints, and they shouldn’t all be about you
Research suggests as many as 12 points of engagement to start a meaningful sales conversation, so be patient, and make each of those touchpoints count. Put some thought into your cadence, so that your follow up is more compelling than: “Just following up to see if you’re interested?” or “Did you see my last email?” The struggle then, becomes what to say. You will tell them who you are, but what if you learned more about who they are? And demonstrated that knowledge over time? For your most qualified target accounts, do your research –- set alerts to get notified when they’ve won an award, gotten a promotion, or announced a new partnership – and use this in your follow up. Many media/marketing sales professional use our prospecting publication, WinmoEdge, which reports on tons of relevant shifts in marketing strategy every day, to re-engage prospects based on their latest developments. Every time a company has a shift – to their target demographic, agency line-up, product offerings, media mix – they’ll use this timely development to feed a more personalized outreach. The best part? You don’t have to cite your source, so you come off as someone who’s just REALLY in tune with their business! Over time, your prospective client will appreciate that you’ve invested the time needed to understand them, and will be more receptive to you, often reducing the number of calls, emails and interactions needed to advance the conversation. Pro tip: Make sure to do this AFTER you’ve followed sales tip number two. You want to invest time in QUALIFIED prospects.
4) Use the content your marketing team produces
Full disclosure, as a marketer I might be a little biased on this one, but that doesn’t mean it’s not good advice! Sometimes sales people spend hours of precious time reinventing the wheel when marketing has already created the exact piece of content they need to attract attention, explain a complex offering, or accelerate a conversion. Check out your company’s blog, take stock of the sales enablement collateral that marketing has provided. Do they have case studies you can leverage to demonstrate ROI? A one-sheeter explaining how you’re different from your competition? Know what’s available, and use it!
5) When all goes right, ask for an introduction
If you’ve followed the steps above, and now have a happy client who you’ve delighted with great work, ask them for an introduction. Not just a referral, but an actual introduction to a friend or colleague who could benefit from your business as well. If you just ask for a name, they might not put much thought into the name they give you, but if you ask them to make the phone call or write the email introducing you to someone, they’ll be challenged to think of a company or colleague who this introduction could be helpful to, someone who could really benefit from what you do. The more you get in the habit of asking for introductions, the easier it will become, until it is second-nature.
Get Connected Now! Start Your Winmo Trial.
Agencies Take Note: 10 CMOs to Watch in 2018
in Agency New Businessby Josh StoneWe’ve never minced words: CMO hires are the top trigger of agency new business opportunities, and in 2018, those opportunities will be even more plentiful. We’re seeing CMO tenure continuing to fall, and with unfavorable consumer spending trends persisting, marketers are under even greater pressure to perform or risk being replaced.
Here are 10 Chief Marketers that are going to have the toughest time this year (and thus, the greatest need for agency expertise):
1. Mark Crumpacker, CMO, Chipotle
Tenure: 9 Years
In the year 3267 we’ll hop to work in electric kangaroo pouches and business school textbooks will lead the chapter on “The Folly of Hubris” with Chipotle. Once untouchable, the chain continues to make mistake after mistake after mistake after mistake… you get where I’m going with this. Are they tanking on purpose for a #1 draft pick to use on their new CEO? Seriously, at this point it’s so bad you have to wonder if it’s intentional. 2018 is a make or break year for the NY Giants of the struggling fast casual sector.
2. Greg Revelle, CMO, Kohl’s
Tenure: ~1 Year
Kohl’s is still trying to sell stuff? In a giant physical store? Like most traditional retailers, they’ve struggled since the Great Recession to get customers in the door. But, consumers are more upbeat about the economy than they have been in almost 20 years, despite being maxed out. And, the department store sector did just have their strongest holiday season in several years. So, what do I know? Kohl’s and the other department stores will want to capitalize on this optimism the next few quarters before it pops.
3. Brandon Rhoten, CMO, Papa John’s
Tenure: 10 Months
Just when you thought a brand couldn’t commit a marketing fail worse than Pepsi did this year, Papa John’s said, “hold my beer.” Execs often blame poor sales on the weather or millennials, but not these guys. Known for stirring the pot, Founder John Schnatter shook his finger at the NFL protests. Predictably, a social media storm ensured and white supremacists even praised the comments. Yikes… Schnatter stepped down as CEO, leaving Rhoten, the self described Yoda of millennials, and COO and incoming CEO Steve Ritchie (who also blamed the NFL during the call, by the way) to pick the pizza chain up off the floor and dust off the dirt. 5 second rule! We’re still good! Hopefully, Rhoten can summon enough Force power to lift Papa John’s out of the swamp.
4. Mark Censoprano, CMO, Signet Jewelers
Tenure: 8 Months
Those pesky millennials just won’t buy diamonds! Maybe they’re spending all of their money on avocado toast. Or, maybe, just maybe, they don’t have the money to spend on overpriced gemstones and are waiting longer to get married. Whatever the reason, this is a disaster for all traditional jewelry sellers like Signet, which gets almost 70% of their revenue from diamond sales.
5. Aimee Lapic, CMO, Pandora Media
Tenure: 2 Months
Once the leader in Internet radio, Pandora figured out about 30 years too late to jump into the the streaming music space. Now, Spotify, Apple Music and all the others have a huge lead on acquiring new listeners. Look for the legacy brand to blast some LL Cool J – “Don’t call it a comeback. We’ve been here for years.”
6. Carla Hassan, CMO, Toys R Us
Tenure: ~1 Year
Long gone are the days when parents dumped their kids for an hour at the Super Nintendo station while they competed in the Christmas Royal Rumble for Tickle Me Elmo. Today, they can leave their kids in front of the TV at home while they buy gifts on Amazon. The end is nigh for bankrupt Toys R US, but they’re not going gently into that good night.
7. Debo Mukherjee, CMO, Flowers Foods
Tenure: 4 months
Battling flat bread sales, Flowers Foods is pivoting to a consumer direct strategy to reach Derek Doback and all the other carb haters switching bread out for butter coffee. Hopefully, rising organic bread sales can turn the tide. Keep a close eye on Dave’s Killer Bread in 2018 and 2019.
8. Kumar Galhotra, CMO, Ford
Tenure: 4 months (but he’s been with Ford since 1988)
Carmakers are in trouble, and Ford is particularly vulnerable because so much of their revenuecomes from SUVs and the expensive line of gas guzzling F-Series trucks. Once gas prices rise and/or credit runs out, forcing consumers to cut back even further, Ford will be stuck leaning on their more affordable compacts and sedans that fewer and fewer people want, along with a beer cooler that doubles as a gas-electric F150.
9. Bozoma Saint John, Chief Brand Officer, Uber
Tenure: 7 Months
Unlike Chipotle, Uber can commit one PR blunder after another after another after another after another after another after another and still bring in a ton of revenue. Goes to show you how much customers will overlook behind-the-scenes issues for a $10 cab ride home from the bar that won’t make them car sick. However, even Uber knows their love-hate brand image leaves them exposed to the myriad competitors that appear at least halfway decent to the public. Enter Saint John and some fun millennial friendly lifestyle marketing to come.
10. Greg Lyons, CMO, PepsiCo North American Beverages
Tenure: 1 Year (but he’s been with PepsiCo and FritoLay since the 90s)
We won’t speak of the Kendall Jenner ad incident again, but, wow…. Clearly out-of-touch with what’s going on in the real world and already struggling enough to sell sugar water, Pepsi has a rough road ahead. No, handing their detractors a Pepsi won’t solve everything.
There’s more where that came from
You might be wondering, how do we know which CMOs might be looking for agency partners? Where can you get more opportunities like this?
Our predictive sales intelligence publication, WinmoEdge, takes a range of predictive indicators into account to create our Vulnerable Account Index (VAI) – a compilation of brands most vulnerable to an agency review.
If you’re interested in pitching clients with a need for your services (and the budget to hire you), don’t miss out. Request a trial of Winmo today!
Q1 Agency Review Predictions: Pitchworthy Accounts to Target Now
in Agency New Businessby Zoe BlutsteinWhen you’re looking to pitch your agency services to major brands, timing is everything. If you wait until the review is announced, you’re too late.
That’s why Winmo does more than tell you who to talk to at major advertisers, we evaluate subtle changes that precipitate partnership opportunities, so you know precisely when to reach out.
In order to guide you to the most pitch-worthy accounts, we factor in a range of activities. CMO hires are our number one indicator that an agency review will occur, though decision maker shifts in general signal change ahead. Vulnerability to change also escalates when a brand’s AOR relationship surpasses the average tenure of about 2.5 to three years. We factor all of these into a scoring system that tells you which accounts will be most receptive to your outreach.
Long story short, Winmo has gotten agency review predictions down to a science.
Case In Point: Equinox Fitness
Last week, the luxury fitness chain announced the hire of its new CMO, Vimla Gupta, and since we know CMO hires are the number one indicator of an agency shift, you could call this the smoking gun. But – like many of the predictions we make – there were subtle changes that put them on our radar even earlier.
In February, our predictive sales publication WinmoEdge reported the departure of Equinox’s former CMO Carlos Becil. Suffice to say, we knew that an outgoing CMO meant an incoming CMO would follow.
Well, about a month after Becil’s departure, Equinox named Niki Leondakis as its new CEO. Thus, another change to the leadership roster, creating further vulnerability for an agency review.
Now, before circling back to Gupta’s hire, it should be pointed out that creative and media shop Wieden + Kennedy has been on Equinox’s agency roster for about three years, which we now know is the average tenure.
The bottom line is: a new CMO, following a new CEO and the added bonus of an exceeding agency tenure, all comes together to create a very likely scenario for Equinox to review their agency roster beginning Q1 2018.
If it seems like there are a lot of pieces to the puzzle, that’s because there are. Which is why busy agency professionals rely on us to connect the dots, so they can reach the right decision-makers at the right advertisers at exactly the right time.
Ready to strike while the iron is hot? Download our latest eBook to access Gupta’s direct contact information plus the details of nine more opportunities like this one.
Get Connected Now! Start Your Winmo Trial.
Decision Makers On the Move Tracker: 11/27 Recap
in Ad Sales, Agency New Business, Marketing Tech, UKby Zoe BlutsteinTo help you strike while the iron is hot, we’ve compiled this list of top decision-makers on the move from last week. Pro Tip: Keep in mind that when fresh talent takes the reigns, they tend to evaluate current efforts and start making changes within a three to 12-month window. Keep track of these shifts and start engaging new decision makers right away, you have a major advantage to secure new work and revenue ahead of your competition.
Want the emails and phone numbers for these decision makers? Find them in Winmo. Start your free trial today!
Looking for a way to keep track of decision-makers on the move at top advertisers, agencies and even entire industries? If you’re a Winmo customer, you can set up alerts to get push notifications about these changes in real time.
Not using Winmo? Start your trial today to let Winmo do the heavy lifting for you!
Generate Sales Leads by Tracking Accounts on the Move: 11/27 Recap
in Ad Sales, Agency New Business, Marketing Tech, Sponsorship, UKby Zoe BlutsteinNobody likes to lose. To be more specific, nobody likes to lose business. So, how do you keep that loss at a minimum?
Whether you’re in ad sales, sponsorship or agency new business, following the latest agency shifts can keep your loss low by staying ahead of the competition.
For starters, ad and sponsorship sellers who keep track of agency shifts can use that knowledge to maintain relationships with media decision makers, knowing when they have lost or won an account, and using that information to secure new revenue. While agency new business can keep track of these shifts to gain a competitive advantage.
So, to help you turn their loss into your gain, we have compiled a list of our top ‘Accounts on the Move’ for the past week.
Want to learn more about each of these agency shifts? Start your free trial of Winmo today!
Need more analysis on these account shifts? Get access to Winmo and WinmoEdge here.
Track Decision Makers On the Move : 11/27 Recap
in Ad Sales, Agency New Businessby Zoe BlutsteinDecision maker shifts are a tried and true signal of new business opportunities for media/marketing sales professionals.
Winmo’s research analysts have found that personnel movement, especially new hires and first-time chief marketing officers, are the number one predictive indicators that agency changes, media spending shifts and new martech investments will occur.
To help you strike while the iron is hot, we’ve compiled this list of top decision makers on the move from last week. Pro Tip: Keep in mind that when fresh talent takes the reigns, they tend to evaluate current efforts and start making changes within a three to 12 month window. Keep track of these shifts and start engaging new decision makers right away, you have a major advantage to secure new work and revenue ahead of your competition.
Want the emails and phone numbers for these decision makers? Find them in Winmo. Start your free trial today!
Looking for a way to keep track of decision makers on the move at top advertisers, agencies and even entire industries? If you’re a Winmo customer, you can set up alerts to get push notifications about these changes in real time.
Not using Winmo? Start your trial today to let Winmo do the heavy lifting for you!
Generate Sales Leads by Tracking Accounts on the Move: 11/27 Recap
in Ad Sales, Agency New Businessby Zoe BlutsteinNobody likes to lose. To be more specific, nobody likes to lose business. So, how do you keep that loss at a minimum?
Whether you’re in ad sales, sponsorship or agency new business, following the latest agency shifts can keep your loss low by staying ahead of the competition.
For starters, ad and sponsorship sellers who keep track of agency shifts can use that knowledge to maintain relationships with media decision makers, knowing when they have lost or won an account, and using that information to secure new revenue. While agency new business can keep track of these shifts to gain a competitive advantage.
So, to help you turn their loss into your gain, we have compiled a list of our top ‘Accounts on the Move’ for the past week.
Want to learn more about each of these agency shifts? Start your free trial of Winmo today!
Get Connected Now! Start Your Winmo Trial
Generate Sales Leads by Tracking Accounts on the Move: 11/20 Recap
in Ad Sales, Agency New Business, Marketing Tech, Sponsorship, UKby Zoe BlutsteinNobody likes to lose. To be more specific, nobody likes to lose business. So, how do you keep that loss at a minimum?
Whether you’re in ad sales, sponsorship or agency new business, following the latest agency shifts can keep your loss low by staying ahead of the competition.
For starters, ad and sponsorship sellers who keep track of agency shifts can use that knowledge to maintain relationships with media decision makers, knowing when they have lost or won an account, and using that information to secure new revenue. While agency new business can keep track of these shifts to gain a competitive advantage.
So, to help you turn their loss into your gain, we have compiled a list of our top ‘Accounts on the Move’ for the past week.
Want to learn more about each of these agency shifts? Start your free trial of Winmo today!
Need more analysis on these account shifts? Get access to Winmo and WinmoEdge here.
Decision Makers On the Move Tracker: 11/20 Recap
in Ad Sales, Agency New Businessby Zoe BlutsteinDecision maker shifts are a tried and true signal of new business opportunities for media/marketing sales professionals.
Winmo’s research analysts have found that personnel movement, especially new hires and first-time chief marketing officers, are the number one predictive indicators that agency changes, media spending shifts and new martech investments will occur.
To help you strike while the iron is hot, we’ve compiled this list of top decision makers on the move from last week. Pro Tip: Keep in mind that when fresh talent takes the reigns, they tend to evaluate current efforts and start making changes within a three to 12 month window. Keep track of these shifts and start engaging new decision makers right away, you have a major advantage to secure new work and revenue ahead of your competition.
Want the emails and phone numbers for these decision makers? Find them in Winmo. Start your free trial today!
Looking for a way to keep track of decision makers on the move at top advertisers, agencies and even entire industries? If you’re a Winmo customer, you can set up alerts to get push notifications about these changes in real time.
Not using Winmo? Start your trial today to let Winmo do the heavy lifting for you!