Patience or Professional Persistence?

OK. You've made a successful connection, you've perfected your e-mail message, spell-checked and you've clicked send. Now what? Well, most of us know what comes next. Sometimes we just wait, follow up, then wait some more. Of course, you have to hope that it got past spam-filter hell, not only will they remember you, but that they have enough time or interest to respond, or even to remember to reply.
So what do you do if you don't get an initial response?
E-mail them again?

Experts tell us the greatest loss of opportunities lies in the Failure to Follow-Up. Whether a sales shark or a scientist, most people do not enjoy being ignored, least of all
a pest. So what do you do to handle follow-up effectively?

Let’s start a conversation to discuss ways to fix follow-up failure, forever.
I’ll start by saying; Automate The Process. Use simple technology and admit to yourself that there will be situations where you really must follow-up. Create an appropriate and intelligent, relationship nurturing, stay in touch campaign that reinforces the original comment and incites a curiosity to respond.

That’s my fix on the matter. What’s yours?

For those responding to this post with comments I’ll send a free copy of my eBook, “A Cure for the Common COLD CALL” 101 Best Nurture Tips and Tools, with my compliments.

Click here to download:
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Click here to download:
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What Is CRM, Anyway?

“Gardens nurture new and more complex forms of life; including their gardeners.”

CRM: It’s one of those things that everybody talks about but few can truly define. It’s a given that no software can really Manage a Customer Relationship but the title sure sounds like a promise to me. ‘Just buy and install and your worries will be over, they tell you’. Yeah, right!

An wise friend, Ed Morrow finally put his beautiful analytical mind to the task and wrote a virtual manifesto on CRM. See link below.
Whether you are a seasoned nurturer or a raw beginner with this recipe, you can truly identify, individualize, interact and influence every significant individual in your focus. Thank you Ed.

Here’s the link. What is CRM Anyway?

Edwin P. Morrow, CLU, ChFC, CFP®, RFC®, is Chairman of Financial Planning

Consultants, a firm based in Middletown, Ohio. He is a consultant to financial

advisors in the areas of practice management and computerization and the author

of seven software programs including the Practice Builder, a Client Relationship

Management system for financial advisors. He is also the Chairman and CEO of

the International Association of Registered Financial Consultants. Ed is the

author of Complete Millennium Preparation Guide and Personal Coaching for

Financial Advisors and Computerizing Your Financial Practice. A frequent speaker on

practice management and technology, he has addressed such organizations as the FPA,

IARFC, MDRT, NAIFA, SFSP and advisors in 20 countries. Contact him at Box 42430,

Middletown, OH 45042, phone 800.666.1656x14, or e-mail: info@financialsoftware.com or

visit: www.FinancialSoftware.com

Nurturing New Growth

                                                                     

                                “Weed, prune, cull, cut down - make room for new growth and new plants”

In the early days of database management the term scrubbing came up frequently. At the cost of U.S. Postal mailings, diligent pruning became the watchword. After nearly two years of economic fear, now will be a great time to take a fresh look at your ‘garden’.  Identify the productive ones and isolate those long gone to compost. Plan your nurturing components and campaigns. Focus on helping in recovery.

                                           “People tend to remember people who remember people as people.” Marshall Field 1885

Solid, Fresh Nurture Stats

Shifts keep happening. Some very exciting ones at that. The technology of nurturing customer relationships just keeps getting better, faster, easier, cheaper and ever more effective. At the Nurture Institute, www.nurtureinstitute.com we devour statistics on the actual harvests that flow from each new innovation in communications. Our CEO and Co-Founder, Co-Author with me and our team, of Nurturing Customer Relationships, Eric Rabinowitz also serves as our Chief Technology Innovator. For over 20 years he has been the beacon for unique, helpful and intelligent applications for clients and for the Institute.
I was so delighted to see the attached links and watch nurturing in real time.

Please forgive the commercial this time but I am about as proud as a poppa can get of this team. Can you tell?J  Jim

(download)

 

Dear John,

I know that, as chief executive of , you manage investments for maximum return. That is why I thought you would be interested in hearing directly from our CEO at New York Life Insurance Company, Ted Mathas. Earlier this year, Ted talked about the management approach that has served our company–and our clients–well since 1845. Even in today’s difficult economy, it continues to serve us well through the current difficult economy.

Ted was one of the youngest CEOs in the Fortune 500 (only 40 years old) when he took the helm of the nation’s largest mutual life insurance company in 2008. New York Life has continued to prosper under his watch. Operating earnings at New York Life, already at record levels when Ted took the helm, grew to a new high of $1.28 billion last year–even in the face of a crushing recession.

In this message, Ted discusses the current economic crisis and how New York Life is managing it. As you read, consider how your own organization might benefit from the solutions that New York Life can help offer. (You can also click on the audio icon to hear the message–if you don't mind the computerized voice!)

As Ted says:

 In times like these, obtaining financial security from a company you can trust is becoming harder to find. But at New York Life, we were built for times like these. And we want you to know that you’re not in this alone. So please don’t hesitate to get in touch with one of our agents or representatives, or the local office in your community. We’re here to help you regardless of what lies ahead - and you can be certain we’ll be here for you whenever you need us.
(April 6, 2009)

Through my relationship with New York Life, I can provide a wide array of professional expertise and world-class service—from estate planning to consultations aimed at helping organizations like yours protect and grow assets.

I do hope you will call on us for assistance with your future investment strategies.

Feel free to call me at any time. I look forward to speaking with you.

Sincerely,

Brian Ruh

New York Life Insurance Company, its agents and affiliates do not offer legal, tax, or accounting advice. For advice on such matters, contact your own professional counsel.

 
 
 

(download)

 

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Dear Frank,

I have noticed that, of late, the financial press is giving more and more attention to the asset and financial protection available through Whole Life Insurance. As an agent of New York Life Insurance Company, I naturally welcome the attention they are giving to insurance but, today, it is especially welcome because it provides valuable information to persons looking for financial protection.

Whole Life Insurance has much to offer in addition to death benefit protection. And that is why I am sending you this link to a report that discusses its advantages. Did you know, for instance, that Whole Life Insurance from New York Life provided solid financial protection to families through the 1930s, including throughout the Great Depression? The distinct advantage Whole Life offers in troubled times is why it is getting so much attention today.

I am proud of the long history of strength and stability that is a hallmark of New York Life. New York Life has been keeping its promises to its policy holders since 1845. I am even more proud of how well New York Life has performed in recent challenging economic times. Through the recent recession, New York Life continued to:

  • Pay dividends on participating whole life policies.
  • Hold the highest possible financial strength ratings from all four major credit rating agencies*.
  • Provide high levels of service and financial solutions for both institutional and individual clients.

Whole Life serves as an attractive offering for credit unions like A-B Credit Union to provide financial protection for your company and its members. If you have questions about the benefits of Whole Life Insurance, how it works, or the advantages of working with a mutual life insurance company like New York Life, you can call on me at any time. We’re always happy to be of service.

Sincerely,

Brian Ruh

* Standard & Poor's (AAA), A.M. Best (A++), Moody's (Aaa) and Fitch (AAA) for financial strength. Source: Individual Third Party Ratings Reports (as of 9/4/2008).

 
 
 
 

This message was sent to fpierson@a-bcreditunion.com by bruh@ft.newyorklife.com.
If you would no longer like to receive emails from this sender, please Click Here to unsubscribe.

The Nautilus Group   |   1411 Milwaukee Dr   |   New Holstein   |   WI   |   53061   |   920-898-5731

Trend: More Nurturing, Less scavenging

    “Dysfunctional buying practices have arisen to combat dysfunctional selling practices” Mahan Khalsa, “Let’s Get Real or Lets Not Play”.

“There are two powerful shifts that are radically changing the dynamics of 20th Century selling: Information and Global Competition.  The implication to the sales role is that you must now help your client actually succeed. If you do, you both win. If not you both lose. That’s a big shift. It’s no longer sufficient to just get them to buy. If you can’t reduce their costs, increase revenues or margins, leverage their cost of capital, increase productivity, quality, and customer satisfaction, augment a key strategy or initiative, and increase critical performance, you cannot earn their business over time. And if you can’t help them achieve sustainable results, you will be a one-time player rather than a long term business partner. One-time players don’t stay in business.” Mahan Khalsa

These statements would be front page news today but they were first written by the author in 1999.

As I told the groups in St. Louis last week, Khalsa has been my go to visionary for a decade and has written a book that I personally feel is the single most important book  on the authentic buyer-seller relationship that has been written to date. As we shift, along with the rest of our life, the key is to stay in the conscious state as often as possible. Be alert to change-now, and accept that our world will, continue to juggle from the accelerating shifts perhaps for decades.

Good Nurturing, Jim

Optimistic thought for today:  Chance the Gardener: Yes! There will be growth in the spring! 

Nurture Means "Helping Customers Succeed", Not Just Buy.

I had my heart recharged this week. I was invited to speak in St. Louis to present a three hour, Nurture intensive and highly interactive morning with the CEO’s

and often their key sales and or marketing execs as well. You can imagine the electricity at these meetings. You have a room full of people who invest substantial time and money to belong. A tangible commitment to their own success by affiliating with the leaders of 16 other, compatible but never competitive, members and  devote a full day each month to working with their group on their business as opposed to just working in the business. Each group selects the topic and the presenter for each meeting and are led by a highly professional and experienced business Coach and facilitator who carry the title of Chairman. This week the host Chair was an old friend and an authentic nurturer, Allen Hauge of VISTAGE.
The main thrust of my talk was to assist them in getting their arms around the shifts that are happening at such an alarming increasing velocity. I laid out the scenario of what the shift meant to their businesses. I illustrated the radical shift in the balance of power between the buyer/seller roles today. The internet has  made the buyer smarter than the seller. Buyers are no longer dependent on the sales rep to guide them through the selection process (usually heavily biased toward the seller), they’ve got Google and the entire web to get the straight scoop before you ever meet them..
No More.

It graphically illuminates the rapid demise of selling as we have historically done it. It means we must begin to re-engineer our sales force (or ourselves) now to learn to deal with the realities of this irreversible shift. Perhaps it is also time to examine your complete selling process and to begin to become more aware of the critical

nature of their clients internal buying processes.

Nurturing Seedlings

Let no one think that real nurturing is a bucolic and meditative occupation. 
It is an insatiable passion, like everything else to which a person gives their heart.

- Karel Capek

“Leads are, well, like trees. When left alone, they typically don't go away, but instead grow up on their own. They turn in the direction of the light and branch out and do their thing. But for a lead to truly be a lead, it needs to be taken care of it and nurtured—we need to manage its growth from day one, or it's foolish to expect that it will grow to bear the harvest we're after. We could be the very light it's looking for. “
                                                                                                                     M.L. Hartman and Matthew W. Staudt, Marketing Sherpas

SHIFTS Accelerate

“In times of change, learners inherit the Earth,


while the learned find themselves beautifully equipped to deal with a world that no longer exists.”
ERIC HOFFER:

Well, we have somehow survived the first week of this brand new decade. My iPhone continues to delight and inspire and the internet has become my garden. What’s not to like about that? At last the predicted velocity-acceleration of every process we have yet devised to ‘Helping Customers Succeed’, is revealed before our very eyes. At last the technology of CRM is being refined into a usable and, oh so, useful tool for those most charged with the mission of nurturing the myriad of relationships and of gaining access to and ultimately become of influence with significant opportunities.
Redefining once again the meaning of true ‘one to one’ marketing.

Case in point:

News:    Parker Integrates with Salesforce.com and Microsoft Dynamics
Parker Software, a U.K. based software company, announced the integration of their product, WhosOn - a solution that tracks, engages, and reports on visitors to a website in real-time through live chat and web analytics - with Salesforce.com and Microsoft Dynamics. Through the WhosOn interface, website visitor details can be sent directly to either Salesforce.com or Microsoft Dynamics. Other features for both platforms include click to call back requests can be sent directly to the application and live chat transcripts can be added to the history of a prospect, lead or customer.
(Parker Software )

Nurturing Lessons from the Garden

   Nurture Lessons from the Garden

Like any project in the soil, I started developing the Nurture Selling Process slowly. It arose from a sudden epiphany, an idea that came to me one day in 1968 as I was exploring the entire buying/selling process for a major software company.  I suddenly saw that sales was growing far beyond the mere harvesting phase and was becoming analogous to that of the entire gardening process. An idea was born that has fascinated me to this day. Let me explain.

Impacted by the insightful observations exposed by such visionaries as Mahan Khalsa from Franklin-Covey Corp., Michael Bosworth at Customer Centric Selling and Roger Dawson, author of Developing Knowledge Based Client Relationships, and countless others, I began to see a huge gap unfulfilled by anyone thus far in the methodology for transforming suspects and prospects all the way to client status and beyond.

Certainly the emerging philosophy of ‘helping clients succeed’ was changing the temper and tempo of selling as the solutions progressively became more expensive and mission critical. At the same time, such decisions were escalating from purchasing right into the executive level. Even more people for the serious rep to educate, cultivate and motivate.

No doubt the very skills and attitudes around true customer relationship development made a great difference in sales productivity. What seemed to be missing was a solution to the most difficult part of the entire affair, that of staying in touch. Just maintaining appropriate contact with the slower adopting prospects, over a constantly elongating buying cycle, drained the little time left from the relentless pursuit of riper, more, low hanging, fruit.

Few sales reps had any technology tools or even administrative assistance to handle this growing challenge of earning top of mind positioning for their offerings. Left up to individual memory capacity, personal motivation and relationship development skills, research showed that nearly 70% of all opportunities presented were in fact not hot leads at all, rather they were inquiries indicating an early interest in a solution but requiring much nurturing before a closing opportunity would bloom.

The 30% that were closable got all the attention and lacking any process for warming the ‘slow’ growers, most if not all were left to wither from lack of appropriate attention or left vulnerable to the approach of more flexible competitors.

It was a costly mess and with the chasm existing between marketing and sales departments, not much was being done about it. The mantra seemed, just keep on doing more of the same even harder.

Then along came the frequent flyer program and everything was about to change. We had a tangible lesson that important relationships could be identified, individualized and cultivated using powerful software solutions and adopting a modified direct mail campaign that could at last be automated. It was truly a marketing revolution happening all around me yet it would take nearly two decades before the makers of software would take the lessons from American Air Lines and others and migrate the software down to the laptop level available to any sales rep needing the help with touching the right people with the right messages at the right time in the right media, every time, all of the time.

Naturally some of my more forward looking clients saw the power of slow, drip, drip, drip, marketing right away and early-on invested in very complicated to administer, manual processes to at least develop campaigns and action plans to assist reps in the never ending task of ‘touching’.

In spite of the difficulty and massive attention to the details of Nurturing, they persisted and saw astonishing results. Not just from winning vastly more of the opportunities they were in on but they soon discovered the wealth that lay hidden in neglected, smaller, customers residing in their multitude of customer databases.

Slowly, they began to create customized in-house software solutions to make the daunting but vital tasks manageable by administrative level support employees, thus freeing sales for the harvesting part they so loved to do.

Gradually, more innovative contact management software evolved from mere information at the fingertips to a true stay in touch methodology.

The real magic of nurturing was about to explode.

Today all of the major developers offer such Nurture methodology and the tricky task of finally merging the efforts of marketing with sales to ensure the messages were the right ones and that sales people got involved began.

Now a sales rep, completing an initial sales call, could, with a simple mobile phone app, assign the key individuals to exactly the right immediate follow up step and an ongoing drip plan right from the palm of their hand and know that the first ‘drip’ would be produced and ready for signature the very next morning and would continue to provide relevant touches at the right time with no further effort on their part. WOW. What a concept and what leveraging of a sales rep’s time.

LESSONS ABOUT NURTURING CUSTOMERS FROM A FARMER

“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

—MARK TWAIN

Lessons ABOUT NURTURING CUSTOMERS from a farmer

Even before I learned to ride a bicycle I learned what it took to win customers for life. That’s the truth.

I learned that lesson at my father’s knee when I was growing up as a boy in rural Kentucky during and after World War II. It wasn’t a lesson about selling. It was a lesson about nurturing. It was a lesson about what it means to care about people and to let them know it and to prosper from their goodwill.

65 years ago, my father, Tony Cecil, sold Ford farm equipment and he was good at it. He knew a sale could be quick and straight-forward. It could be as simple as helping a customer make a single purchase. But he also knew it could be time-consuming. It could be about not making a sale at all—at least not an immediate sale. He knew the sale might not happen today. It might not happen tomorrow. It might not happen even in a month or so. It could take a whole year or even two years.

But Tony knew instinctively that if he stuck with those customers and helped them succeed at growing their businesses even when there wasn’t an immediate sale in it for him, the customers would, in all probability, come back to my father when they were prepared to buy. Why? Because all of his help and hard work had earned him top-of-mind presence. And that’s what nurturing is about—earning top-of-mind presence with your customers so that they come to you when they are ready to buy.

Dad understood that the energy he invested in the challenging and time-consuming process of helping farmers succeed would lead to long-lasting relationships.

My dad was a perpetual student of small farms and an unabashed admirer of their owners. He studied nature intently and pored over the meager small-farm management knowledge available at the time in farm journals and books. He learned what successful farmers did to ensure their success and he ascertained what not-so-successful farmers did to undermine theirs. He became an expert at ferreting out solutions and made it his business to talk to the people who could provide those solutions. He listened eagerly to any and all tips from farm equipment factory representatives and he shared his knowledge with his customers.

He urged his customers to improve their processes and he cajoled them into measuring those improvements.  He won their lifelong loyalty by pointing them to new ideas and solutions. He made successful customers more successful and helped the less-than-successful turn their fortunes around.

Dad stayed in touch with his customers through 2 penny postcards. And he didn’t just pitch a used equipment deal or a tractor sale on those postcards. He always gave them something of value—a seasonal tip, perhaps, or a unique horticultural insight. And he never failed to conclude his notes with a wish for the farmer’s successful harvest. He believed in the Biblical truth, “As you sow, so shall you reap,” and he continuously put that belief into action right before my eyes.

     

   
Click here to download:
LESSONS_ABOUT_NURTURING_CUSTOM.zip (300 KB)