Small is the new big
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Small is the New Big. Merit Co-op July 14 th , 2011. Terry Jukes. President B2B Direct Marketing Intelligence LLC Best Practice Audits Due Diligence Strategic B2B multi-channel marketing Visit 15-20 B2B companies each year. Former President/Owner Ability Commerce gNeil Companies

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Small is the new big

Small is the New Big

Merit Co-op

July 14th, 2011


Terry jukes

Terry Jukes

  • President B2B Direct Marketing Intelligence LLC

    • Best Practice Audits

    • Due Diligence

    • Strategic B2B multi-channel marketing

    • Visit 15-20 B2B companies each year.

  • Former President/Owner

    • Ability Commerce

    • gNeilCompanies

    • Misco Computer Supplies

    • Microbits Computer Supplies


How not to boil the ocean

How NOT to boil the ocean!

Merit Co-op

July 14th, 2011


What is happening out there

What is happening out there?

  • Shaky recovery underway

    • Most back to pre-recession sales

    • Slower 3-5% growth

    • More margin “squeeze”

  • Strong are getting stronger

  • Weak are falling further behind

  • Industry consolidation continues


Hierarchy of companies

Hierarchy of companies


What are the big picture trends

What are the “big picture” trends?

  • “Small is the new big”

    • Explosion of technology continues to drive one to one customer relationships.

    • Web allows small players to be hyper-targeted and focused. Net gnats are alive and well!

    • Market moves to near perfect information.

    • Excruciating focus on doing the right things….doing them perfectly!

    • Realization that non-mission critical tasks need to be outsourced.


What are the big picture trends1

What are the “big picture” trends?

  • Don’t try to “boil the ocean”

    • Our “breadth and depth” advantage erodes

    • (Apparent) “Specialists” are everywhere.

    • “Sources & Solutions” getting easier to find

    • Don’t try to do everything!...too much!

    • Don’t spread your resources so thin that your risk skyrockets.

    • “Stick to the knitting”…resources spent where only you an create real differentiation


What are the six things to focus on now

What are the six things to FOCUS on NOW?


What does now look like

What does “now” look like?

  • Post recession environment

  • Increasingly complex multi-channel environment

  • Increasing complex technology

  • Customer definitely in control

  • Waves of new web competition

  • Globalization

  • Outsourcing


1 product service innovation

1. Product & Service Innovation

  • We are merchants first!

  • New, unique, hard to find products differentiate your brand.

    • Track new customer acquisition by new products purchased.

    • Track how often new products are first line item.

  • New products should be 15-30% of annual sales

    • New, exclusive products should have higher margins

    • New products should drive new customer acquisition

  • Services/Content are “sticky” drive retention.


1 product service innovation1

1. Product & Service Innovation

Products

  • Start with a customer problem, need or want.

  • What can you design and custom manufacture?

  • What can you re-assemble into unique quantity/presentation?

  • What can you fabricate from paper, acrylic, metal, plastic, etc?

  • What product - service combinations can you develop?

  • Where can you sell “knowledge”?

  • Product guru needed.

  • Services

    • Credit

    • Warranty

    • Repair

    • Return

    • Training

    • Installation

    • Calibration

    • Product search

    • Customization

    • Auto stocking


2 leverage your knowledge content

2. Leverage your knowledge & content

  • For B2B merchant “knowledge is king”.

  • The cost of not having the product is often greater than the product cost

  • Product application knowledge is very valuable.

  • Customers buy benefits, results not just products.

    • Help them buy benefits

    • Help them measure benefits/value/results.

  • Knowledge/content drive SEO/PPC effectiveness


Share your knowledge article distribution blogs

Share your knowledge!Article distribution & blogs

  • http://onlywire.com/

  • http://www.articlesbase.com

  • http://www.suite101.com

  • http://www.buzzle.com

  • http://www.squidoo.com

  • http://hubpages.com/

  • http://www.selfgrowth.com

  • http://technorati.com

  • http://ezinemark.com/

  • http://www.gather.com


3 superlative consultative selling

3. Superlative, consultative selling

  • CRM supported

  • Inbound

    • “Order makers” not “order takers”

    • 15-20% improvement

    • Track KRAs by rep, pay incentives on KRAs

  • Outbound

    • Data driven

    • Sales and file/RFM objectives

  • Assigned account

    • Penetration of site/account

    • 30-50% increase in revenue in year one.

    • Custom orders possible

    • Feedback for new product, service development


4 integrated marketing tactics

4. Integrated marketing tactics

  • Catalog + web + email + phone

    • Reference video in print

    • Call and confirm online orders

    • Email announce catalog with offer

    • Second order offer in first shipment

  • Web – “order taker or order maker”

    • Separate branded and non-branded organic search and PPC traffic

    • Understand traffic sources, conversion rates, AOVs, LTVs,

  • Sales & Web – “co-browsing”

  • Integrated mail data, transactional data and web data


5 let the data drive

5. Let the data drive!

  • Multi-channel measurement is difficult, match back no longer an option. Use all “interaction data”:

  • Take the “site” RFM view first, “contacts” view second

  • Search for data inter-relationships

  • Exploit profiles, trends, inferences

  • Collect data unique to your business

  • Pinnacle new INTELLIGENT database


6 online marketing

6. Online Marketing

  • Updated content drives SEO

  • Manage traffic “streams” from branded and non-branded key words for conversion, orders, sales, AOV and retention.

  • Best practice site functionality

  • Marketplaces – Amazon B2B?

  • Social marketing – >50% of new organic customers

    • Blog, LinkedIN, Facebook, Twitter, Industry/Group specific blogs- B2BMarketingZone.com, SocialMediaB2B.com

  • Integrated trigger and promo email

  • QR codes, videos, mobile/Ipad


Manage your online reputation

Manage your online reputation

  • Amplicate.com

  • ComplaintsBoard.com

  • RipOffReport.com

  • Yelp.com

  • BBB.org

    Try researching “1and1 hosting” for an example of what not to be!


What are six things to focus on now

What are six things to focus on now?

  • Product and service innovation

  • Leveraging knowledge and content

  • Superlative, consultative selling

  • Integrated marketing tactics

  • Let the data drive

  • Online marketing


Hierarchy of companies1

Hierarchy of companies


Thank you make it a productive two days questions

Thank you!Make it a productive two days!Questions?

Merit Co-op

July 14th, 2011

Terry Jukes President B2B DMI LLC

www.b2bdmi.com

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