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Why You Are Not Getting that Demo Appointment with the CMO
Posted on February 16, 2016 at 3:24 PM |
It happens all the time. By
email, telephone, or through social media, the gist of the initial contact will
be as follows:
Sample subject lines and grabber statements: “Quick Question” “Did you see this yet?” “Quick Follow-Up” “I just wanted to reach out.” “I thought it would make sense for us to talk.”
Alan, I wanted to reach out because our fully oxygenated,
holistic, end-to-end digital marketing solution is revolutionary. I’d love to get a quick 30 minutes of your
time for a demo so you can see the full power and scope of our
capabilities. What time would work best
for you? Or is there someone on your team I should be working with?
Or Alan, Based on your title and background, I thought our marketing
solution would be of interest to you. Feel
free to visit our website to learn more about us. I’d love to do a quick demo so you can see
the features and benefits. You can go to
this (URL here) to schedule a time that works best for you.
Or Alan, We seem to have several groups and interests in common. Would you be open to a quick demo? We help companies like ABC and XYZ execute
their global marketing strategies and I’d like to know how we can help you.
I wish I could say that my examples are made up, but they are basically
verbatim. Yes, in general you can assume
that the CMO has a budget and authority to buy (the B and A of the traditional
BANT qualification mechanism). And
according to a Gartner report, by 2017 the CMO will spend more on IT than the
CIO. So, of course you want to go
straight for a top decision maker, who has dollars to purchase, and jump-start
the sales process with an eye popping demonstration. If the CMO could just see the product in action,
they would instinctively understand the value proposition and sign an order. It could happen, I mean even a blind squirrel
finds a nut every now and then! However,
I’m guessing that your days are not completely booked with those types of decision-maker
demonstrations. Whether the CMO is managing a global organization, or a start-up, the
marketing technology landscape they are facing is large and continues to
grow. Large or small, no executive wants
to have their time wasted. So, they’re
probably not going to just stroll over to your website to “learn more about”
your product. In addition, they
generally don’t open their calendars for total strangers to talk to them about
something they are ill-informed about, or couldn’t care less about. In short, you are pushing buttons that turn
them off, so it’s no wonder they are not returning your call or replying to
your digital invitation. What have you
done wrong? You wanted to project
yourself as a “thought-leader,” someone the CMO can trust. But at this point the CMO is not thinking of
you as a thought-leader nor as a trusted advisor. You are merely another account development
person trying to book a demo. So, what questions
are going through the CMO’s mind? The CMO’s Questions: 1. Who are you?
Were you referred to me by someone I trust? Did we meet at a conference? Did you comment on one of my blogs or have we
been engaging in conversation on Twitter?
In short, how can I trust you if I don’t know you? 2. What exactly are you claiming your solution will
do for my organization? Increase revenue? Decrease cost? Mitigate risk? How will you prove that claim? 3. What’s in it for me? Yes, we make decisions intellectually, but we
buy emotionally. That means you also need
to appeal to the emotional side of my brain. 4. What part of my marketing budget would your
solution impact? a. What application are we already using in that
space? Would a change be worth the
effort? b. Does my team have the mental bandwidth to take
on another application? c. Where does this application fit in relation to our
sales lead generation process? The marketing budget example to the left is not from some formal global
market research study. It merely
reflects broad budget categories from a small-medium b2b I did some work for in
the past. However; I suspect many
marketing leaders in that environment would agree that these ballpark figures are
an accurate reflection on how they spend their time. Even though technology represents the second
largest area of spend it doesn’t come close to the area influenced by content
development for lead generation purposes.
So, what is the bottom line here? 1. You haven’t taken time to confirm my pain points
by listening to me. You’ve assumed I
might desire your technology because you’ve arbitrarily placed me in your
target market. But if I don’t have a
need I won’t care if your technology is “revolutionary” or that your solution
is on a Forrester Wave or Gartner Magic Quadrant. The bottom line; don’t immediately ask for a
demo. 2. I don’t care if your company is a hot new
start-up or was voted “Best Place to Work.”
That may indeed suggest your company has an amazing culture; which might
also mean it attracts great people. The
bottom line though; I’m still not giving you a pass on establishing trust. You need to reboot your sales process and start the approach over. Take some time to gain rapport and build your
credibility. Help me understand how a
relationship with you could reduce my risk.
Your main goal is to develop a deep level of trust. If I trust you I’m more likely to open up and
let you ask the questions that would extract my pain points and determine if I
can create funding for your project. If
you understand my pain points you will then be in a better position to
customize the demonstration to address my exact needs. Finally, why spend time scheduling and
performing a demo to a suspect who has no budget? If they fit your target market you need to
put those types of situations in your lead nurturing mode. |
Categories: Sales Process
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SemGreari
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