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Trailer Derailment – Don’t Let it Happen to You

January 29, 2016 By Alex Grgorinic

Do you like the movie trailer that shows you all the good parts that happen in the movie? And then when you go to see the full length movie, there is nothing more. No thrill of discovery that you get from finding out how all the pieces fit together. There is just nothing more to the story. It becomes just a repeat of the trailer in long form. But now it becomes a bit of a bore, because you already know the story and you have seen all the exciting parts.

Contrast that experience with the movie trailer that carefully selects its sneak peaks to get your attention. It could be a still scene with a remarkable image. It could be the emotion conveyed from the facial expressions. It can be carefully curated music to communicate the right feeling about it all. But the snippets do not tell the story. They capture your attention and arouse an interest in what is behind it all.

Your demand generation strategy must follow the same approach. First things first. You need to focus on capturing attention. And capturing attention is all about planting the seed, that idea which will cause your prospective buyer to think in a certain way, and in a certain direction. Which then leads them to postulate some kind of question of themselves. Only then will they have to take the next step of engagement in order to answer it. And this is what you want.

Have you every had any say to you – “I am glad you ask that”? That is what I am talking about.

If you expect to capture attention, you need to concentrate on planting seeds that can be nurtured to grow. And as nature has shown, not all seeds can be planted in all growing conditions. The growing conditions that work for some seeds just do not work for others. It’s all about the mix of soil type, sunlight and water that dictate what can grow where. So don’t bother trying to plant the whole tree. It may not take at all. Rather, it is all about finding the right seed that will grow in your environment.

In generating demand for your product offering, it is all about planting the right ideas for your prospective buyers, and seeking the ideal place of fertility in their mind. This is where you undoubtedly have to invest continual efforts to discover which ideas can germinate most effectively. Knowing the buyer persona is just a starting point; as any buyer persona that you create will be a mix of facts and assumptions.

So in order to effectively capture that precious and fleeting attention that you need to engage further, it comes down to engineering a process that can effectively derive the right seeds to plant. In the movie industry, smart companies such as Legendary Entertainment Applied Analytics are using data analytics to put the right trailer together. In agriculture, Monsanto is turning seed planting into an engineered process. And whatever market that you serve, an engineered demand generation process will keep things from getting derailed.

Filed Under: Demand Generation

Fresh Energy Needs Re-Freshing

January 22, 2016 By Alex Grgorinic

Whenever you embark on something new, there comes with it a huge source of excitement. And this excitement creates the fresh energy that drives things forward. But I am not just talking about the power to get things done, I am talking about the power to see more of what can be done.

A great example is when you move into a new home. It is a really personal thing. Something that consumes your thoughts and is hard to stop thinking about. You see an infinite amount of possibilities – some short term – some long term. Your whole mindset is running on some kind of creative adrenalin, and you are gushing with more ideas than you can latch onto or remember.

But at some point, that fresh energy is no longer fresh. It’s likely that there has been a good level of effort applied and there have been positive changes that have been realized. But with that comes the risk associated with the lack of fresh energy. And that is when the staleness process begins.

And it is this staleness, this fading effect, that you have to watch out for when you are driving your business forward. This whole fading effect is a double-ended force. As you fade away from the changes in your marketplace, your market fades away from your business. No matter how exciting something is at the start, the excitement fades. Customers get bored and tune out if you over-engage by doing the same things, i.e. same old, same old – and they certainly tune out if you are not engaging in some manner. And as you go along your merry away being happy with the status quo, marketplace activity, whether it be customer or competitor behavior, has a way of sneaking by without you noticing.

While you may not have the resources to act on all the ideas that you may have, it is still pretty important to keep the ideas flowing. And when you are in business, the growth and profitability will depend on it. If you are not going forwards, you are moving backwards. If the new ideas are not flowing for you and everything looks the same, opportunity will pass you by.

So what to do?

It is paramount to continually seek engagement with your marketplace. This is the source of all freshness. New perspectives can come through different sources and different channels. It can come from the fresh look that new entrants to your business bring naturally. It can come from new customers or departed customers. Or it can come from your suppliers.

But you have to pro-actively seek it out. You need to expect that the questions that you ask of yourself will remain the same – What business are you in? How are you positioned to fulfill your goals? – but the answers will change as your marketplace goes through its natural evolution. The processes that you incorporate to gather that vital information for satisfy the market’s needs as best you can, are vital to success of your business beyond the short term.

The key to it all is to have the mindset to seek out the new freshness that is out there. And putting that mindset to work in a set of marketing processes that are able to drive the continual change that every business needs, to adapt and grow. Getting fresh perspective triggers regular infusions of fresh energy into your business, and this is what keeps your “sales” full.

Filed Under: Demand Generation

Solving Demand Generation: Hire More Detectives or Create More Clues?

June 19, 2015 By Alex Grgorinic

Sometimes things are just not working out. You have got a great offering. You have a great story to tell. And you are getting your message in front of your target audience. But there is that big missing link. You are not getting the customers you are expecting.

You know the feeling. The webinar is packed. The demo is packed. The trade show is packed. The right people are there. So many people are interested. But not a single qualified lead emerges. One of those true anomalies. You can’t help but think:

Have they come for the right reason?

Are they asking the right questions?

Will they come back?

Why do they not want to leave their contact info for more information?

How long did they stay before they left or tuned out?

Why were they not moved by your great revelations?

So what to do? Hire a detective. That is what sales people are for. They need to put their best sleuthing skills to work. The causes of anomalies are never quite apparent. They need to get closer to prospective customers to uncover that true intent.

No doubt, it is an ideal approach that can get things on the right path. But there are just a few problems that could get in the way.

1. Not all sales people are effective sleuths. Some are great closers. Some work hard at being ultra-responsive to whatever prospective customers request. But not all have skills to uncover the insights you need.

2. There is a resource mismatch. There are many more prospective customers than salespeople. And not all prospects are alike. Hence, you may not be able to find out what you need from the prospects that are truly able to become customers.

3. The qualification process may be wrong. There may be something missing from the criteria that is being used to choose where to mine for customer insights. So the insights could be wrong.

4. There is a shield against sales people. The earlier that a prospect is in the their buying cycle, the less interested they are to invest in face time or telephone time, or any human interaction time. So the harder it becomes to discern their true intent and motivation.

So adding detective resources has a limitations on the effectiveness that can be produced. Just like with real life detectives, some mysteries are solved and some are not.

On the other hand, the more clues that are present, the higher the likelihood that the mystery will be solved. Given enough clues, we can solve a lot of mysteries with a basic level of detective skills. In today’s smartphone and video-crazed world, there always seems to be someone that is able to capture those interesting moments that make it to the top news stories.

When it comes to your demand generation system, you will make much better gains if you invest in increasing the number of clues that are collected with every touch point with your prospective customer. With enough clues, there will be no mystery in the customer behaviors that are occurring as they interact with you.

Your demand generation system must have that feedback loop built in. It must provide a data set that enables you to steer your efforts both in the right direction, and in the right manner. If not, you increase the risk of wasting precious marketing and sales resources. In today’s overcrowded market, if you don’t extract an understanding of why you are getting the results that you are, you are doomed.

Filed Under: Demand Generation

What Does the Bathroom Scale Tell You?

June 3, 2015 By Alex Grgorinic

Measurement is important. No one will argue.

It is the only way to get quantitative data that is objective. Measurements can be compared from one snapshot of your status to the next. It gives you a baseline from which improvement and progress can be made.

But in order to make those improvements, you need to know what is behind the measurement.

Since the internet is such an important front-end to your whole customer acquisition process, no one can afford to be passé about how effectively it is working for their business. We all know that the top-of-the-funnel must work. And even in cases where your prospect does not enter from the top, they will look at the website during their buying process. You need a measurement.

This makes website graders great tools. They are able to give you a comprehensive set of measurements about all the parameters that culminate in a website score.

But how different are they from your bathroom scale?

There are all those weight-loss enthusiasts out there, who are finally ready to look at the scale to understand exactly how bad their situation is. Of course, the scale does not really tell them anything that they didn’t already know anyways. That they are just carrying around too much weight. But the scale does put a real measurement on it. And it establishes the baseline.

And then there is that burst of energy, enthusiasm, and willpower to do something. Eat less. Eat properly. Exercise. It is no secret that fitness centres are packed in January every year with a surge of new enthusiasts.

So what happens after that?

For most of the crash-course enthusiasts, what happens it that they attain some positive results in the short term. Then slowly things go back to the way they used to be. And all of the weight comes back. That is a net gain of zero. Doing a lot of things for a short time did not work.

This bears a remarkable similarity to all those businesses out there who want to improve their demand generation capabilities. They want that website to drive more leads. It’s all about putting food on the table today. Seeds can only be planted if they can grow fast enough. And this sense-of-urgency translates into an impatience level.

Quick results. Quick wins. Instant gratification is what it is all about.

It means applying lots of actions after little thinking. But quick results may have that undesirable side-effect. Unsustainability. Have you ever seen blogs that have been started, and there are no posts, or one post, or a few great posts and then a full stop. And what perception does that impart on your website visitors. You guessed it. It’s a negative one. Which means you are worse off than before you started.

So when you look behind that website grader, or whatever assessment tool you choose, you need to come away with a plan that fits your situation. You need to accept what new activities can be transformed into habits that your company can keep doing. Make things workable one step at a time, and this will lead to those enviable sustained process that will deliver predictable results and flow to your marketing and sales.

Filed Under: Demand Generation

Why SR&ED is Invisible at the Start …and at the End

May 14, 2015 By Alex Grgorinic

It all has to do with what you know at the start and what you remember at the end. These are two things that always get negated as time passes, for different reasons.

Any development project that may have SR&ED, is generally not such a simple endeavor where every detail can be broken down at the start, into nice set of work breakdown structures.

The reality is that “You don’t know what you don’t know”.

And in fact, the entire discipline of project management itself has changed where it is simply recognized that surprises are bound to occur along the way, and they will need to be dealt with. Every aspect of the project cannot be accounted for up front. Whether your development approach is SDLC or an agile methodology, all the details, even some important ones, may not be known up front.

And the fact of the matter is that you cannot worry about what you don’t know. The list would be endless. But there is one overriding question that lingers in the back of your mind as you trudge forward.

“Will it work?”

In any stage that it is working, there is no need to care about all the subtleties of why. A full understanding of the why, does not always matter. As long as it works reliably, it is all good.

None-the-less, there are always somethings that could upset the applecart. And no one is really sure what those things are going to be. But when something does not work, you generally have to understand why. Now it matters because you need to ensure that it does not impact any related parts of the development; and of course, it matters because your project needs to advance.

And there you have a key hallmark of uncovering SR&ED:

Things are not working as they were expected to, and you need to understand why it is so.

So it begins a discovery process. Trying to figure out why. Trying to figure out what is wrong with the method, the technique. Trying to understand what is different about this particular application. Searching to devise a technique, a method, an approach that will resolve the situation.

Now you are doing SR&ED. It is clearly visible.

But unfortunately, it is common that no one captures all of that core SR&ED activity because of the focus on resolving the issue. And when the project ends, your attention quickly moves on to the next project or issue which you must deal with. And soon enough, you quickly start to forget all those things that you uncovered. That new knowledge that you created. And you begin to forget that you did not know what you did not know.

And so your SR&ED claim is also at risk of fading away.

It is really like accomplishing any other complex task. Learning how to walk perhaps. Or riding a bike. Once you have accomplished the learning and it is behind you, it is so hard to recollect and imagine the details of the struggles that got you through.

What it comes down to, If you want to establish a successful SR&ED claim, it is important not to let the key SR&ED activity be forgotten and fade from your memory banks. And establishing a case by looking at things retroactively becomes harder, as some things begin to seem like they were obvious, even though they were not at the time.

Filed Under: SR&ED

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