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Soulati-'TUDE!

7 Selling Factors And Relationship Building (Babolat)

10/31/2013 By Jayme Soulati

Saleswoman.jpgSelling. Relationship building, and the deal.

What do you think is the most important when someone is trying to make the sale? The deal may be the lowest and best one; yet, there’s something more to earning the sale than just the numbers.

As a professional blogger and public relations professional of three decades, I am pitched every day by sales people trying to lure me in. The tools of my trade are expensive especially for any solo business, and I know I must make an investment in many of them in order to service my clients well and efficiently.

Each year at this time, it becomes a battle between the two largest media vendors and others wanting a piece of the action vying for my business. Each year I weigh the deal to determine the best approach for my clients. But, this year was different.

7 Selling Factors to Earn the Business

  • The Deal.

When you’re a solo business and every expense penny counts, the total of the expenditure matters. How much is the very first answer I want to hear.

  • Sales Team.

Sadly, one of the vendors has a revolving door of sales staff. They email and call me frequently, they fight over territory, and I never know who my sales rep is should I need to call. The trust in the infrastructure of an organization is absolutely akin to the stability of the sales team. On the other side of the street, I just heard from the same sales rep I had last year; this business is tough…having the same face and name selling me over two years says something.

  • Service.

How about the service side? Will they be there to support the customer? Will they be knowledgeable and will there also be videos or Q&A and live chat features to help me should I have an issue? I’m not one to call in for help; it’s a time suck. I want to find the answer myself or better yet, make the product usability intuitive.

  • Salesmanship.

The young woman with whom I spoke yesterday told me she wasn’t going to hard sell me because that wasn’t her style. I appreciate that. When someone slips me the slime, I run. When you’re authentic and genuine with me, that’s when I listen and exchange helpful selling tips in return.

  • The Product.

There’s no question you get what you pay for. Because I have used both these products extensively during the long tenure of my career, I’m familiar with the product and each has selling points while one has more failures, in my opinion. Usability, as mentioned above, needs to be intuitive. I don’t want to have to guess where to find something; that’s frustrating, annoying and a time suck.

  • Closing The Deal.

When someone tells me they are coming back to me as they need to speak with their boss about the features of the package I need and they don’t for more than four days, then I seriously consider what happened. Turns out illness put my sales woman on her back, and I fell through the cracks. Understood; yet the deadline for my deal to close is today and that means I’m in conversations with a variety of vendors to seal it.

  • Relationship Building.

I’ve saved the best for last. There are so many, many ways to build relationships to earn a sale. I’m going to tell you what impresses me the most.
1. Visit my blog and make a comment. There is content galore in this site, and archives from the last four years. There’s got to be a way to impress me.

2. Know who I am as a customer and professional. When you take a moment to read my bio or remark on something I shared or wrote on the Interwebz, that means you’re really getting to know me and my needs.

3. Acknowledge the fact the sales team is a revolving door, but you’re going to work hard to earn my trust in selling to me.

4. Instead of selling me, educate me and tell me how your product has improved, especially if I tell you I don’t care for it.

5. Engage with me on social media. Let me tell you a story about tennis racquets.

Babolat Tennis And Earning the Sale

Happy Halloweenie #Tennis! via soulati

Happy Halloweenie #Tennis! via soulati

Anyone who knows me knows I’m a tennis freak. In the fall and winter, when I can reclaim an evening as my own (kidlet has every night for her extracurriculars), I play about six hours a week. I’ve been demoing new racquets, and tweeting about my demos with Babolat.

My friend Brian Vickery plays extensively too, and his family of four are all Babolat users. I’ve been a Prince loyalist until I began my quest to find the best racquet.

I’ve now demoed about five or six Babolats, and I’m still not certain which one to invest in (tennis racquets average $200 each, and you need two of the same).

Yesterday, I tweeted Brian and mentioned I didn’t think Babolat was on Twitter as I had mentioned its name and it racquets by name a variety of times and crickets. Lo, I got several immediate tweets and a phone call from Babolat sales!! How freaking exciting is that??

Babolat-Vickery-Tweets.jpgTickled, I tweeted back and made the phone call.What ensued was the most amazing conversation I’ve ever had with someone in sales who wasn’t selling; he was educating.

We talked about racquet stiffness and weighting, body wear and tear, and strings. We talked strings every which way from Sunday (don’t you love that expression?), and I was the happiest camper in the world because Babolat was treating me as if I was on the ATP circuit. As merely a 3.5/4.0 USTA player, I have a ways to go before I join the professionals and beat the crap out of them (heh). BUT, here’s the point…Daniel of Babolat didn’t treat me like a low life; he put me on the top of his pedestal as the most important tennis player in the world.

He built a relationship with me, he treated me respectfully, and guess what else he shared?

Brand Engagement On Twitter

Babolat had seen my tweets with Brian over time; they saw that I was only mentioning the brand in my posts and not addressing the tweets to Babolat.

Babolat-Tweets-Soulati.jpg
The sales team wasn’t sure whether to intercede on the conversation; they didn’t want to interfere as it looked like we were not asking for help.

I assured Daniel of Babolat to absolutely toss out a tweet saying “Hey, we noticed your tweets about our racquets, is there anything we can do to help your decision?”

Having that kind of “we’re here to help” tweet from a trusted brand is what jazzes consumers. I’m not one to hit the forums or Facebook and sift through line after line of content that doesn’t concern me. If I want something, I will post it on Twitter and wait for the brand’s response.
In this case, I was tentative as a consumer thinking I was too much a small fry for Babolat’s attention, and Babolat the brand was tentative thinking they shouldn’t jump in with a “hey, we’re here” tweet.

Relationship Building Fuels Brand Loyalty

And, now, after that story? Where do you think my loyalty lies? I’m going to become a Babolat user for the first time. I’m going to invest in the Babolat Drive Max, a lighter weight racquet, RED (yay!), and get it weighted. Then I’m going to put more expensive softer strings on it to protect my arm and get the controlled power (at least that’s what I think Daniel told me). And, before I do all of that, I’m going to call Daniel or tweet him again because he invited me to do that whenever I wanted to. He gave me his cell phone and I programmed him into speed dial! (Just kidding, but that’s how he made me feel.)

Brand loyalty has so much more to do with product and service selection, and all the factors I listed above are critical; yet relationship building is by far the most. The Babolat story happened yesterday, and it jazzed my brand loyalty as a first-time customer for the long-term.

How about you, can you relate?

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Filed Under: Business, Marketing Tagged With: ATP, Babolat, Business, earn the sale, Prince, relationship building, Salesmanship, Selling, tennis, tennis racquet, Twitter

B-to-B Firms Need Content Marketing

10/30/2013 By Jayme Soulati

Not everyone using device for notes! #converge...

Not everyone using device for notes! #convergesouth via soulati

You’re a business-to-business firm; perhaps a mid-sized business with no marketing team. You know you need marketing; however, beyond setting up a basic one-dimensional website you’re unsure what comes next.

Sound familiar?

It should and does, most likely. There are many organizations, firms, companies and business units scrambling to piece blended marketing together in order to communicate and sell to business audiences.

While there’s research everywhere saying B-to-B marketing is blending and blurring with B-to-C marketing, there are still firms that will never market to mass audiences of consumers. There are still businesses that will remain steadfast with its services offering and sell to other businesses and never to consumers.

It’s this type of business, often with an entrepreneurial approach I’m thinking about in this article today.

In order to elevate the firm’s brand and earn exposure, there are a variety of program elements to recommend. There’s one approach, however, that is the strongest recommendation and that’s content marketing.

Power Up The Blog

The first best recommendation is to launch a firm blog. The blog is owned media; you control the message and frequency of the writing. It can become the traffic hub for all types of content creation, including:

• Educational information
• Q&A with a guest
• What Is…Series
• Themes explored and explained
• Guest profiles/features
• Breaking news
• Events announcement
• Recap of a presentation + SlideShare deck
• New product launches

Share on Google+ and LinkedIn

Every B-to-B firm should claim its brand identity on Google+ business page and LinkedIn company page. The owners of the firm need to develop personal profiles on each and begin building their networks on these social channels.
All the blog content being written should get shared on these channels alongside industry articles relevant to the firm’s services and interest.

Blend Digital With Content Marketing

When we suggest digital marketing, it means developing content to generate leads. This content can be free downloadable material like an e-book, white paper or research. It can also be a thought piece on a related issue or perhaps a tip sheet or news bulletin.

There are landing pages developed to encourage people to submit an email for the content, and your firm starts creating a list with which to engage in the future.

It’s not as simple as it sounds; however, when you imagine the vast number of users combing the web for information, your content marketing has to be highly useful. Instead of giving it away free, add an email capture form and consider how you’ll keep people interested with your informational content.

Consider a Message Map

When you’re unsure of how to present the firm to external audiences, there is a nifty tool called a Message Map that helps provide answers to all the 5Ws of the firm. A Message Map is helpful in extrapolating answers from executives and getting approval from leadership on how best to position a company going forward.

This book provides a step-by-step approach on how to Message Map. You can consider its purchase right here https://MessageMapping.co.

Message-Mapping-Book.jpg

https://messagemapping.co

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Filed Under: Business, Marketing Tagged With: B-to-B, B-to-B marketing, B-to-C, blended marketing, Brand, Business, Five Ws, Google+, LinkedIn, marketing, PR, SlideShare

How To Message Map E-Book Debut

10/14/2013 By Jayme Soulati

Message-Mapping-Book.jpgWhat is a message map?

In Jayme Soulati’s (that’s me) new e-book, Message Mapping: How to Sizzle External Communication with a #RockHot Tool for Leaders, I explain the concept of message mapping and why any company small, solo, mid-sized, or large needs this tool.

The e-book, available only at https://MessageMapping.co, also provides a step-by-step example of a message mapping exercise for a fictitious company. Readers are walked through the exercise to create messages that form the foundation of external communication.

Message maps are born in the media relations field within the profession of public relations. I have been doing message maps for 20 years for a broad brush of companies in all shapes and sizes with expertise from Chicago’s agencies.

Those people who work in the crisis communications field also use message maps to ensure that spokespeople are on message and less apt to stray from the approved messaging platform.

In this era of social media, companies may be in the spotlight of journalists less. This doesn’t mean preparation is not required or necessary; to the contrary. Spokespeople need to be ultra prepared today to ensure they can answer questions from many different channels. Having a message map is the first step in ensuring that comfort.

My book teaches marketers, public relations executives, business owners, and more how to work with a facilitator, the steps in the process, how messages are developed, and finally the step-by-step process to making a message map come alive.

Buy my e-book now, right here.

It’s a tool every company needs for copywriting, social media, media relations, website development, internal communications, and more.

Big Thanks

A team was instrumental in bringing this book to market. Without the help and expertise of Scott Quillin of New England Multimedia; Glen Moyes of Glen Moyes Design; and, Jenn Whinnem, this book would still be a seedling. My heartfelt thanks.

Two Books

Within six months, I have authored two books.

The first, “Writing with Verve on the Blogging Journey,” available as an e-book or softcover via Amazon or Greyden Press, is a three-year collection of blog posts about blogging. It was a book that needed to be published first, and it showed the steps through the world of self-publishing.

Message Mapping: How to Sizzle External Communications with a #RockHot Tool for Leaders, is not available via Amazon or a publisher’s store. It is only available on https://MessageMapping.co in an e-commerce setting.

Once I understand more about this journey in the online world of e-commerce, I will have more learnings to share with you. For today, I’m so happy to launch my second book in 2013, and I’m hopeful it will be a hit for the business world.

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Filed Under: Business, Marketing, Media Relations, Message Mapping/Mind Mapping, Public Relations Tagged With: Chicago, E-book, Media Relations, message mapping, message-map, Public Relations, RockHot Tool, Sizzle External Communication, Social Media, Tools, Verve

How To Get Capital Against Online Advertising Futures

10/08/2013 By Jayme Soulati

The-Bean-Soulati.jpg

By Jayme Soulati–“The Bean”

This is a story about business opportunity for those successfully monetizing via online advertising who are  interested in earning capital from that revenue stream.

I received a cold pitch, answered the phone and ended up agreeing to do this Q&A with Hanna Kassis, founder of OAREX Capital Markets, Inc. The most amazing thing about this guy is he’s in third year law school and launched this startup (during his first year) with the most zany business model I’ve ever heard. That’s why he gets the nod below; he deserves a smile today for all his hard work dialing for dollars.

And, this is what he wrote to me after our call, “Jayme, it was a pleasure talking to you today. It’s rare to just find a number or contact on some website and reach out to them and actually receive a moment of their time. Thank you for that.”

Hmm, I think he should be in PR. I love that he spelled my name right; no one does that even though it’s right there in front of them. Actually, Hanna found my blog post, Who’s Monetizing Online? republished on Steamfeed and reached out to the folks I referenced in that piece. Then he reached out to me; however, he didn’t know I wrote the article or that I was a professional award-winning blogger. Hmm, maybe he shouldn’t be in PR (heh).

All that aside, I’m impressed; I hope you will be, too.

Interview with Jayme Soulati & Hanna Kassis, OAREX Capital

What is OAREX and what do you guys do?

We are an “online advertising revenue exchange” to help digital entrepreneurs take their businesses to the next level by providing them with capital based on future advertising potential.

How does this work?

Digital properties like websites, or any other digital property where ad space has been sold, have a future value — the advertising dollars that will be collected in the future.

Faced with a need or desire for capital, digital business owners have a few options. They can take out a loan, sell equity in their business, or sit around and wait for future advertising revenues to roll in. OAREX provides a fourth solution by allowing digital business owners to sell their future ad revenues in exchange for lump sum cash.

Are you lenders? Do you give your clients loans?

No, we are not lenders, nor do we take an equity stake in the businesses to which we provide capital. It’s completely risk-free.

What does risk free mean?

Risk free means we guarantee website owners a certain percentage of their expected future ad revenues. We generally pay 30-75 cents on the dollar (thus, guaranteeing future revenues today) and take the chance that the website doesn’t generate as much in advertising revenues as expected. We take the risk away from the website owner and assume 100% of it, meaning, if the website crashed while we owned the revenue streams, we would be the ones to suffer, not the website owner.

What kinds of contracts do you offer?

We purchase online advertising revenues for the next three, six, nine or 12 months. Once it expires, it’s as though the client never had anything to do with us, meaning they owe us no debt and maintain the same ownership percentage they had when we first met (assuming they haven’t changed their position while we had a contract with them).

So how does OAREX get paid?

During the terms of the contractual agreement, we collect payments from our clients after advertisers pay them. It’s really a good faith transaction; we’ve been extremely cautious about who we do business with.

Isn’t there a moral hazard, i.e., someone takes your money and then they quit blogging.

Good question. The answer is no, and here’s why: assume we purchase six months worth of future ad revenues for a website, and then the website quits blogging or producing content or they shut it down (though in our contract with our clients there is an obligation on their part to do exactly what they have been doing in terms of “operations”). Naturally, if they did this, though, the revenues would decrease. We may lose our money or not collect what we expected. When the contract ends and they start receiving ad revenue again in the seventh month, they won’t be earning anything either. So really we position ourselves with our clients so that its win-win or lose-lose. If we go down, they go down. Thankfully, we haven’t encountered anything like that, but it won’t be a surprise to us should it ever happen. Every business has bad customers they have to deal with.

Who is your target market?

Broadly speaking, anyone who has sold advertising space on an intangible medium. Specifically, website owners, app developers, YouTube channel owners and even Twitter account owners. There are different risks and factors associated with each of these, but they all have one thing in common — present value based on advertising revenues. We can offer the same service to all of them — help them realize the present value today via lump sum cash.

How do you know how much money they’re going to earn?

Well, we don’t. It’s sophisticated speculation. Generally, I take all of their website data, both analytics and earnings, and plug it into a model I’ve built in Excel that calculates various averages and growth rates. Then I consider qualitative factors such as frequency with which they publish, type of content, seasonality (e.g., we have a client that blogs about video game reviews, and hits tend to rise pre-holidays on those kinds of websites). All of these factors boil down to our offer price, which is the starting point of negotiations between us and the potential client.

Who are you?

I graduated with an undergraduate degree in accounting in 2008, and immediately pursued a masters degree in financial economics from Youngstown State University. This gave me enough hours to sit for the CPA exam in Ohio. I am a licensed CPA in Ohio, but don’t do anything in the way of practicing accounting. My first job out of college was in public accounting for about eight months, then I left that job to run a U.S. Congressman’s campaign. That job gave me experience and skills to be resourceful and operate an entity. I also taught economics at YSU as an adjunct professor for an academic year. After that I left to the West Bank of Palestine and had a stint with the Palestine Stock Exchange as a financial analyst and translator. At the moment, I am in law school and expect to graduate in May of 2014. I started OAREX after my first semester of law school and here we are today. The Youngstown Business Incubator supports our business.

Reach Hanna Kassis, founder of OAREX at hanna at oarex dot com.

Filed Under: Business, Marketing

E-Commerce For The First Time

10/02/2013 By Jayme Soulati

My 20 seconds of fame; “Mug in Times Square.” !!

Anyone who reads me knows I share my journey in real time; as it unfolds, I hit the blog to teach and share the trials, tribulations and tips so you don’t need to experience what I do.

I recall when all the new social media channels were launching — Pinterest, Google+ and Empire Avenue to name a few. I waited for peeps the likes of , and to test the waters first before I jumped in. No sense being the earliest adopter when the kinks were truly NOT worked out (especially with Google+).

That’s another good reason why I still have not downloaded iOS 7 on my phone or iPad. Did you know they’re already at iOS7.3 since it launched? Waiting for some more bug fixes to take effect; then I’ll jump over.

I digress.




I’m publishing a book. Its called, “Message Mapping: How to Sizzle External Communications with a #RockHot Tool for Leaders.” This book, my second, will reside on a website (that was the first plan) and be sold through PayPal so I can get rich quick (just kidding).

Testing E-Commerce

I’m testing e-commerce but I didn’t know that; it kind of fell into my lap that way. Let me share:

1. The book will be a pdf for download after someone pays via PayPal and a “Buy Now” button on my site in the sidebar. I called PayPal and they said so.
2. I consulted with HubSpot about how I could capture my leads and get folks to subscribe to my newsletter, Soulati Smart Stuff (see the call to action just above). However, HubSpot and PayPal do not speak or integrate. There is a fix on Zapier.com to solve that, but it’s for tech geeks, and I have no time to deal.
3. I was still going to be manually sending my book to someone after they paid for it; what if I was not near my desktop when a purchase arrived? What if I had irate buyers not getting their product quickly, and what if I got 30 sales in one day and I couldn’t process the orders? OMGosh.
4. I called my colleague who said use Yahoo shopping cart to set up a domain, a payment tool and whatever else right there on my site (or something). OK, that was one solution; however, I’m not sold on Yahoo products and services much at all.
5. Finally, after trying to DIY this thing (as usual) I asked for help sooner than I ever have before (I’m so proud of this). I spoke with who is a man of many hats and someone’s authority I trust. He said…
6. Set up the domain name I own relating to my message mapping e-book, as a landing page only. For that landing page get PayPal Pro and a tool that integrates with WordPress. Host the domain on my reseller account with HostGator.
7. I need to write the landing page with a really convincing approach to why people need to buy my book.

 

Easy, right?

Let’s talk about the other factors also happening at the same time:

1. I’m still writing my deck for my content track keynote at ConvergeSouth next Friday.
2. The book cover, yet to be designed, and url must be added to the deck so I can debut my book at a conference; the second book to be debuted at two conferences.
3. The book is in design right now; the designer needs to come up with a template, dump my PowerPoint content into another PowerPoint, add art, graphics, and I have to proof the first draft.
4. All of the writing, hosting, design, set up, testing, proofing, approvals, and practice have to be done prior to my departure in eight days.

Piece of cake.




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