CRM and Your Click Rate

“I don’t care what CRM system you use, sooner or later it all comes down to the click rate,” said Charlie.

CRM and Your Click Rate“I’ll go along with that for email marketing,” said Jan, for once not accompanied by her partner.

“It is just as important for landing pages,” said Ted, “In fact I’d say it’s more important there.”

“HOLD IT” I said, loud enough to stop the argument before it started.

“Let’s be sure we are all talking about the same thing before you guys get your imaginary knives out.

As I understand it you can have a click rate on a landing or squeeze page but usually a person gets there from a click on an e-mail. Right?”

“Yeah.” “Okay.” “Picky, picky, picky.”

 “So, first off they had to open the email,” Jan piped up. “There are a lot of things you can do to assure that happens including smart targeting and personalization and finding your way into the mindset of the reader,” she continued.

 Charlie, our resident number cruncher rode over her saying, “If it is a prospect e-mailing you’ll get anywhere from 4 to 15% to open it. With customers it will be higher, from say 10 to 35%.

Click rates are more important. They come when someone has decided to act. These are the numbers nobody likes but the reality is if you are going after prospects you can expect a click rate of 0.2 to 2% Customers will be higher from 2 to 7%.”

“That’s all well and good but the conversions are what put funds in the bank,” I said.

 “Which is why the click rate on the landing page is the most important,“ Ted gloated.

Charlie couldn’t let that pass. He said, “And that is why they call it the conversion rate. If you have a clear call to action you should convert 20 to 35% of the people that finally get to our landing page.

In other words if you sent a well formulated email with an optimized subject line and landing page that connects with the call to action in the copy to 5000 strangers you could expect 10% or 500 to open it and 1% or 5 to click through and 3 to order.”

“Which is why or list is so important,” I pointed out. The same size e-mailing to people that know and trust you would generate a 25% open rate or 1250 and a reasonable click rate of 5% or 62 leading to purchases by 30% or 18 people.

And the better you know your clientele the better your click rate.”


Jerry Fletcher starts where the software stops. No matter how powerful your CRM system is you need to manage all the creative components of an e-mail campaign to get the best click rate you can. It is what he calls CRM Magic. Jerry’s consulting site is www.JerryFletcher.com He speaks as well: www.Networking Ninja.com

Nonstop Referrals Are A String of Pearls

Referrals are STring of PearlsGreat businesses are built from one referral linked to another & another & another strung together like a strand of pearls.


Each of us pass referrals along daily to friends, colleagues
and even strangers. Each of us respond to a request for help, either direct or
implied, with suggestions, advice, phone numbers, web URLs, e-mail addresses or
any other way we can think of to connect two people.


Referrals are the bonds that keep everyone connected in the on and off-line networks I liken to a strand of pearls. Referrals are the strings in
the necklace.



Here’s how to increase referrals for your business:



  1. Ask. Many people simply
    don’t.  The best times are
    immediately after someone buys and when you deliver the product or
    service.
  2. Tell. Explain in very specific
    terms just what your prospect is like. Suggest ways I can identify them.
    Give me the short but powerful phrase that will help prospects say,
    “that’s for me.”
  3. Give. The simplest way to generate
    leads is to give them away. Extend your network to include all kinds of
    suppliers. Pick the best you can in each category  and refer them.
  4. Take.  Take the time to say, “Thank You.” Do it
    in person, via phone, via e-mail and most importantly via a hand written
    note. That will get you remembered positively which should lead to more
    referrals.



Remember, businesses, careers and lives of joy are all built
one contact at a time. One contact plus another and another until you have a string of them. Great businesses are built from a great string of
referrals.


Jerry Fletcher speaks internationally as The Networking Ninja

He consults under his own name. Learn more at www.JerryFletcher.com

CRM and the Serpent’s Tongue.

Jean scolded me, “Once again you’re playing word games.”



Tim concurred. He put down his coffee and said, “What does a
serpent’s tongue have to do with Good CRM?”



I allowed as how, “It is all the words that start with S
that crop up when you’re trying to build your list that made me think of that”



“Spit it out,” they said in concert.



“Okay, the S Words are:



Submit—think
about how many times you see that word on a button at the bottom of a form even
though testing proves there are better options.



Security—is
what those statements like ‘We will never, ever sell your information’
are trying to tell you. Important? You bet. People will stay away in droves if you
don’t reassure hem in this way.



Simplicity—is why
your sign up form should be as few fields as possible. Whatever you do, don’t
go past seven fields if you can avoid it. Sign ups plummet when you ask for too
much.



Sincerity—is the
magic ingredient that will get those folks to give you their contact information.
Whether you’re offering a white paper or a Newsletter or a webinar if you or
your material is weak or condescending they will not be back.



Suggestion—is what
puts the magic in a CRM system. With the right data you can suggest the right
gift at the right time for a husband or lover. With the right data you’ll know
when the purchase of a newer version is a good idea. With the right data you’ll
be able to offer options that make sense



Success—comes
when you treat customers/clients with respect. You provide solutions to their
problems. You send the information that will help them make a decision. You give
them real breaks on products and services. Everybody wins.



Savor that!”



What should you be looking for in a CRM system? Here’s a 5 minute audio that will help you understand the Magic in Contact Relationship
Management.


Jerry Fletcher crafts Trust-based Marketing Strategies that build businesses, careers and lives of joy…on and off line.

Speaking web site: www.NetworkingNinja.com

class=”MsoNormal”>Consulting web site: www.JerryFletcher.com

What is Marketing?

I had agreed to do a guest lecture to a college entrepreneur
class. Before I could begin the instructor asked me, “What is Marketing?”


It got very quiet in that classroom as I tore my notes in half, walked out from behind the podium, shut down the projector and walked back to lean against a table in the front of the room.


Then I answered:



“1. Go where the
money is.”



We all expect to get paid for what we are providing but that
won’t happen if the folks we see as customers or clients can’t pay for our
offering. And we won’t be able to stay in business if there aren’t a number of
them we can sell. So the first marketing task is to locate a group of them in
time, space, interest or viewpoint.



“2. Sell what they
want to buy”



What you sell needs to conform to their needs and desires.
It needs to solve their problems. How you provide the product or service to
them is just as important.


Over 60% of all non-essential purchases made in stores today
are first reviewed on the internet. If you have exclusive merchandise, you may
stand out in their minds. If you have a unique return policy or any other
visible or perceived difference it may separate you from the pack.



“3. Do it again.”



Successful businesses are built on relationships not
transactions.  Whether your business is
wholesale or retail, business to business or business to consumer you can’t
afford one-off sales. Even if the second sale to the same customer is years
later, they can still provide you with ongoing sales via referrals. An initial
sale may be only a dollar or two but over time as that customer comes back six,
eight or 10 times a year it adds up.

In today’s world you need to keep track of those buyers as well. Click here to hear Jerry speak (just five minutes) about Contact Relationship Magic and what you should be looking for.


Jerry Fletcher builds Trust-based marketing strategies that build businesses, careers and lives of joy…on and off line. Speaking web site: www.NetworkingNinja.com

Consulting web site: www.JerryFletcher.com

Jerry Fletcher Speaking

CRM Pumps Up Your Power of Persuasion

Jim stood there shaking his head back and forth saying, “I
know I had all the facts right. My proposal was completely logical. How could
they say no?”



I saw Teresa grit her teeth. She sat forward cupping Jim’s
face in her hands and told him, “They said no because there was no emotion in
your pitch.”



“I don’t get it,” he replied.



I wanted to blurt out, “That’s obvious,” but I held my
tongue.



Teresa, consults on sales. She is outcome driven, pragmatic
and extremely knowledgeable about how to go from contact to contract.



She began again, “There was no emotion in your pitch. You made
the mistake of thinking that people buy things logically. Yes, you need to be
sure they have a problem you can solve, can pay you to do it and are willing to
see you. You got through that hurdle okay but overlooked the way decisions get
made. All decisions are made by a part of the brain called the amygdala.
Sometimes people call this older part of our shoulder top computer the lizard
brain. Even in the most analytical people this portion of the brain is relied
on to make decisions.”



Jim pulled away from her steady gaze and asked, “So what
could I have done to do this better?”



I couldn’t keep my self quiet any longer and leaped in with,
“You could have started using an integrated CRM system like I advised you to.
It would have allowed you to build a greater level of Trust more quickly and the
prospect would have been dealing with a friend he saw as an expert.”



Teresa harrumphed and rode over my comments, “I agree. A systematic
approach to gathering information about a prospect or client that includes an
easy way to maintain that contact via e-mail, phone and video conferencing is a
good idea. I recommend that Sales Contact Systems include a way to tap into and
capture and demonstrate these areas in addition to all the logical stuff:



  • Common interests These
    lead to ways to build a friendship. Friends, people we trust are always more
    persuasive than strangers. Who you know matters. What you know is important.
    But the single most important key to building a business is who trusts you. And
    trust begins trough shared experiences. Note them.



  • Expertise We
    grant authority and credibility to people that demonstrate a skill or knowledge
    we don’t have. We come to believe in them and their viewpoint. Our brains are
    wired that way. Record your demonstrations and observations about the prospect.



  • Consistency is
    the one thing you must deliver over everything else. It is a cornerstone of
    Trust and one of the most compelling reasons people have in making decisions.
    Look for consistency in your prospect and reactions to your consistent
    behavior. Record them.



Those are the three most powerful persuaders in getting the
sale.
If you don’t find common interests, demonstrate your expertise and show
yourself as consistent you will not get the contract.”



I noted, “A CRM system helps you keep track of all that data
especially when you are dealing with a lot of prospects. If it has good e-mail with
auto responders and video conferencing integrated it can be a real boost to showing
your expertise and consistency.”



Teresa capped that off by saying, “Look, if you play your
cards right you might get another shot at this. Try calling them up and saying
that you would like to have a candid discussion about why you didn’t get the
nod. You may still be in the running but not know it. Their budget may be on
hold or the project has been delayed for other reasons. Even if it was awarded
to someone else, you will be one of the few people that ever ask why and that
sometimes gets a referral you would never expect!”


Jerry Fletcher is a professional international speaker and marketing consultant to management.

CRM, The Great Pretender and a 600% Sales Increase

My wife got a call a while
back.

She wasn’t home so it was
recorded.

Later, after she picked up
her messages, she suggested that I listen to it as well.

 It’s obvious that the caller
was using contact management software. She recalled our visit to the home
development she represents and our interest in a particular model.

She asked how my wife’s new book is coming along (Susan is published by Simon & Schuster, New York)
and if I’ve been speaking in or out of town recently.

 Up until then it was a great
act. Then her chatty, friendly approach was revealed for what it actually is… a
charade, all form and no substance.

What turned a potential
partner into a pariah? How did she go from making points to being thrown out of
the league? How did she become the Great Pretender? Where did she go wrong?

Her mistake was talking
about my daughter Kelly as if she knew her and citing her upcoming Doctorate.
Unfortunately for her, Kelly became a PhD over two years ago.

One mistake can ruin all your hard work. That one simple error destroyed all the trust that
had been built up over a handwritten thank you and three letters. She had taken
good notes on our preferences and intimations, put them in the software and
then dutifully executed the planned actions. Someone had helped with
well-conceived letters that took advantage of both the information in the
system and the news at the project. But you’re only as good as the information
you use.

You can’t pretend and get away with it. You can and should record information about your
clients and prospects in a contact management database. You should use the
database to help you remember people and all the various and sundry things you
learn about them. Recording only what you really know is the best way to assure
long term precision.

Record data accurately…  for now and when you need it. She recorded a June Doctorate but not
the year. Instead of not commenting, she elected to fit an assumption into her
telephone script. Any comment about not being sure she had the timing right and
we might have given her the benefit of the doubt. But feigning knowledge from
inaccurate facts cost her us as prospects as well as the three other couples we
might have sent her way.

If you intend to keep track
of age and birthdays, record the month, day and year.  If you just want to send a greeting the
month/day is sufficient. The same goes for anniversaries and company openings
or whatever annual event you want to remember to help you build this
relationship.

The beauty of the computer
is that it can help you remember. But it will only remember what you tell it.
Before you act on data, be sure it is accurate. That way leads to satisfaction.

True satisfaction increases sales and referrals. I came
across satisfaction research conducted by Xerox that illustrates the polarity
of feeling within any customer base. Customers rating their satisfaction at the
“1” level are not simply “dissatisfied,” they actively tell others not to
buy.  At the other end of the scale (the
5’s) sell for you.

In the middle customers are
indifferent.  Those rating satisfaction
at the level of “2”, “3” or “4” are completely blasé. They do not yet trust
you.

Not surprisingly, there is a
tremendous difference between a “4” and “5” rating. People rating the
product/service as a “5” are 600 times more likely to purchase again and
to refer others. These are loyal, trusting customers.

Loyal customers will overlook errors on your part. They believe that you will always act in their best
interest. They will give you latitude if they have been consistently satisfied
over time.The right CRM system used properly can maintain a positive relationship. (Here’s a link to an integratedCRM for small businesses. It’s the best I’ve found.)

Great Pretenders fool only themselves.

Loyal customers are nobody’s fools.



 Jerry Fletcher, CEO of
Z-axis Marketing, Inc boosts successful business to the next level by combining
digital technology and proven marketing techniques that start where the
software stops.  

Learn more– Speaking: www.NetworkingNinja.com

                        Consulting: www.JerryFletcher.com

 

CRM and a Grain of Sand

Little things mean a lot.

Take a single grain of sand.
It’s the most common element on earth. You can find it on every continent. And
not just along the shores. It is at the heart of each computer and just about
every permanent structure that serves mankind.

A single grain is virtually
invisible…unless it happens to be the mote in your eye.

In that case, that single
well-placed speck is the most important thing in your life. That tiny
messenger, by being in the right place, can demand all your attention. Nothing
else can get your undivided focus until you have removed it.

One small particle can
capture if not captivate you.

A handful can demonstrate
human nature.
Think back to the last time you scooped a handful of sand up and
poured it from hand to hand. Wander down memory lane to the beach and cupping
your hand to hold as many grains as possible. Remember what happened when you
squeezed it. Do you recall how it first squirted and then dribbled out between
your fingers and how much less there was when you again cupped your hand?

Customers and prospects,
family and friends, staff and employees are all like that handful of sand. The
harder you squeeze the less you have
. The more you put pressure on them the
more they stream away from you.

An open caring relationship
keeps more of them with you.

Can there ever be enough?
Each of you must make that decision. But the more there are, the greater the
risk of losing some through inattention and the vagaries of the winds of time.

Think about that picnic on
the beach when the breeze picked up. How about the first time you saw a sand
dune. Stop now and consider the number of grains that there were in that dune
you climbed. Imagine stacking them up to get someone’s attention. What do you
see in your mind’s eye? Do you see the dune or the grains? Your business, your
career and your life are like that. Each action, every statement as well as any
and all your behaviors add to the stack, grain on grain, until people see the
combined aspect.

That shifting, wind-sculpted
mass is your persona. It’s the face you present to the world, at once ever
changing and yet the same. It is your achievements taken together, which are
perceived.

You, your career and your
company are the sum total of your deeds and those of the folks you draw around
you
.

You can choose to be a mild
irritation blown helter skelter by each passing breeze or you can add a little
water, some lime and cement and have mortar.

Mortar. With it you can lay
brick on brick and build strong and straight and tall. Suddenly the world sees
you differently. You’re no longer a drifter. You’ve settled. You’re going to
make something of this choice you’ve made.

But be wary. You must mix
well to make sure the edifice stands. Too little sand or too much and the hold
on the bricks crumbles. Better perhaps to add some chunks of rock to the mix
and fill a form with the amazing material the Romans discovered and named. We
call it concrete.

It is a reasonable symbol of
how a business or a career or a life can be built that will last. One of the
Roman’s aqueducts still carries water to Rome
centuries after it was built. It was conceived by engineers and constructed by
men proud of their craft. It was a joint effort. No single individual could
claim all the credit. Yes, some took more risks than others but all
acknowledged it was a group effort.

They, like we, were and are
interdependent. Today that interdependence is becoming global. The World Wide
Web is allowing more of us to be swept along together than ever before. The
grains are accreting.

Some are trying to squeeze
profits from them. Others see only the encroaching dunes. This Age of Access is
still in flux. Nothing, as yet, is cast in concrete.

Only the sands of time will
tell.


Contacts, like grains of
sand, add up.
Talk to an expert in contact management about building your
business or learn more from his CRM blog posts for small businesses. Here’s a link to the best integrated small business CRM I’ve found.

Jerry Fletcher, the Portland based master of connecting businesses
to the next level can be reached at Z-axis Marketing, Inc. at 800-533-2893 or
via e-mail at Ninja@CenturyTel.net

Learn more about him at:
Speaking: www.NetworkingNinja.com
Consulting: www.JerryFletcher.com

CRM and the People Out There

Jim asked me, “How do you
decide who to put in your CRM system and who to leave out?”

I responded, “Good question.
There are a lot of people out there and not all of them are going to be
customers or clients or patients.

The first thing you have to
decide is how you are going to use the system. The options are:

  • Personal Only
  • Personal and Business
  • Business Only

BUT given the way you can
sort and tag things on current systems if you are a solopreneur you may want to
opt for both Personal and Business. Make sure you can move folks from one category to another.

Here are the identifiers I
use:

Strangers–People
we don’t know at all. If you drew a circle about 24,000 miles in circumference
it would be filled with all the people of the earth. Most would be in this
category.

Suspects–People
that you think are potentially clients or customers because they meet a
demographic or psychographic description. If you were buying a mail or email
list you would select them from this group

Contacts–are
people that we have actually met and had a chance to evaluate. You have at
least some of their contact data. It could be their name and e-mail from a blog
sign up or information from their card. You have information from them. If
they agree (opt in) you can contact them for business purposes
.

Connections–are
people that we have met with and have formed a relationship (or the beginnings
of one) with. Not all of these people will be customers. Some will be referral
sources. Some will be trusted advisors you send folks to. Some will simply be
people you enjoy knowing and exchanging views with. Make sure they want to hear from you.

Prospects–are
people that have a problem we can solve, the money to pay us to solve it and
are willing to talk to us. Read that
again:
People that have a
problem we can solve, the money to pay us to solve it and are willing to talk
to us. 

CRM systems have all kinds
of terms for this group. Those that are sales oriented call them leads and try
to classify them by size or time to sale. Regardless of how they are classified,
you still have to talk to them and get the business. Be sure they want to talk to you before initiating multiple contacts.

Clients–are
the folks that have asked us to help them and are paying us to do so. In my
view, they are clients for life whether they are paying me currently or not. By
treating them that way, I continue to garner their referrals.

You need to base your
business development plans on direct relationships. Part of that is using your
CRM system to identify your best referral sources. Another is identifying the Centers
of Influence to help you find approachable individuals.


Stay tuned for those helpful
hints and pass this blog on to those you believe might profit from my
experience.” Here’s a connection to the best integrated small business CRM I’ve found.

Contacts to be
identified and approached properly. Talk to an expert in contact management
about building your business.

Jerry Fletcher, the Portland
based master of connecting businesses to the next level can be reached at Z-axis
Marketing, Inc. at 800-533-2893 or via e-mail at Ninja@CenturyTel.net. His websites– Speaking: www.NetworkingNinja.com  Consulting: www.JerryFletcher.com

 

 

 

Seven ways using contact management can help solve the puzzle of building your business.

Tim scowled and said, “I
concede that a CRM system has better recall than I do and it can make up for my
inefficiency in that department but what can it really do to help me build my
business?”

Tim, like a lot of folks has
the “Yeah buts”—an affliction that can only be remedied by seeing a bigger
picture of what Contact Relationship Management can do.

I told him there are at
least 7 things he probably had not considered:

  1. 1.      You can more easily network yourself with other
    companies in your industry. That way you can find partners to handle a portion
    of the business you can’t either locally, regionally or nationally. You can use
    your contact manager to keep you top of mind with them and to sort out which
    partners are the best to work with.

2.      It will help you stay top of mind with the customers
you want to keep. Make sure they’re contacted every four weeks at a minimum.

3.      Use the data you generate to find a more profitable
niche. Take a long look at your client base and the industries in the area to
focus on a specific market that will allow you to dodge some of the intense
competition by finding a profitable niche you can command with your expertise
or selection or even your location.

4.      You will have more time to be creative. Good contact management
software saves bundles of time. Put it to good use by being creative in how you
pursue additional business.

5.      With it you can get every member of the organization
involved in maintaining and building business. Network your contact management
system. Encourage employees to add to it.

6.      You can double your new business “hit rate.”  When you finish any action with a client or
prospect record what happened and then:

  • Decide what your
    next action will be.
  • Determine when
    you should take it.
  • Note it in your
    scheduler.
  • And when it
    comes up, do it.

7.      You will be able to build and track a network of
other product and service providers that you can trust. Pick individuals and
companies that provide what your prospects and clients want and need that you
can’t provide. The more trusted you are by your customers the more often they
will turn to you for this kind of advice.

Tim grinned in that sheepish
way he has and said, “Okay, you win, I’ll sign up for a CRM system…but only if
you agree to help me learn how to put it to good use.”

“Read the articles on my blog like Checklist for Networking to New Business,” I said. “And let me know what questions you
have.”


Here’s a link to the best Solopreneur and small business CRM I’ve found. Learn more about Jerry Fletcher:

Speaking: www.NetworkingNinja.com
Consulting: www.JerryFletcher.com

 

 

What You Can Do About Business Administrivia.

I turned to Laura and blurted, “It’s Administrivia.”


 “You can say that again,” she sneered, “It’s admin and it’s
trivia and I agree we should not even deal with it!”

  That’s when I threw my hands up and told her, “Hold on. Just
because it doesn’t produce revenue directly you can’t just walk away from it.
You’re always complaining about not having enough time to get things done. Part
of the reason is that you don’t manage the administrivia and more importantly
you have no idea of how you’re spending your time.

“What?” She questioned.


“You’re a consultant,” I continued. “Basically you bill
people for the time you spend working on their problems. No. Don’t tell me you’re
on retainer. I know that. The question is, are you earning it and more
importantly, are you spending your time profitably?



If you don’t monitor your time you don’t have a clue about
how much you’re wasting. And when you have employees it gets worse.



Are you willing to try something?



Download a form from my consulting website and fill it in as
you go through your day. All you have to do is enter the activity or client
name, the hours you were doing it (in quarter-hour increments) and note the
totals by type at the end of the day.



I combine this data gathering with my paper calendar which I
print out each Sunday for the following week and have for over 20 years.



This form was put together because so many of my clients and
prospects have asked me for a recommendation for time keeping software. This
simple paper form used for a month will establish the habit for you and the
habit of keeping track of your time is more important than any software.”



“Yeah, but what about the administrivia?” Laura asked.



I told her, “It will never go away but now you will know
when you have too much of it. Try the time keeper worksheet for a month. It can change your life.

Consider, too, using Contact Management Software linked to email marketing to simplify the process of going from contacts to contracts.


Learn more about Jerry Fletcher:

Speaking: www.NetworkingNinja.com

Consulting: www.JerryFletcher.com