Making Working from Home, Work…

Making Working from Home, Work…

by Scott Gillum
Estimated read time: 3 Minutes

Making Working from Home, Work

Barking dogs, crying babies, toddlers toddling, welcome to the reality of working from home.

Since our founding 3 years ago, our teams have been living this life. Here are 3 tips to help you make the adjustment.

  • Get used to and learn how to live with working odd hours. If you’re accustomed to a routine of “working hours” in the office, you can kiss that goodbye if your children are at home.

Channel your “inner Gandhi” for patience and flexibility. Work when you can find the calm. Early mornings, evenings, and quiet moments in between.

Managers be flexible on your expectations on deliverables and due dates. You may see your team disappear during a good portion of the day.

  • Count on technical issues, unplanned and spontaneous interruptions, and scheduling issues with conference calls.

In fact, you may be better off adopting the attitude that something will go wrong as the default.

  • Everyone on camera for video calls…except when someone feels like they don’t want to be.

I’ve seen some posts that organizations mandate it, but the reality of our situation is that you, and/or your home office, may be a complete sh*t show at some point during the day. It happens…and we can deal with you not being seen on a call.

Part II – Now that you’ve been at this for a couple of weeks here are a few other things to consider.

  • Wall clock to body clock work hours – You may be aware that your energy level and passion vary based on the time of day, now that you’re out of the office you can do something about it. Instead of reaching for another cup of coffee, go for a walk (and take the dog with you) change your work location — it’s spring now and the weather is great for working outside. Working will become more feel driven than time driven.
  • Listen to your body – also by this point you may have noticed that your makeshift office isn’t exactly ergonomically designed. Pay attention to how long you sit and/or have your head in one position. Don’t worry if you forget, your body will remind you the next day.
  • Reboot your modem and wireless router – you may have also noticed that your bandwidth has slowed. Consumer Reports recommends rebooting once a month, especially if you have added devices to the network.
  • Update your work office – now that everyone is out of it, how could you use this time to your advantage. It could be a great time to paint, reorganize the furniture, update the lighting, etc.

Good luck and stay safe!

Making Working from Home, Work…

 


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What Buyers Really Buy

What Buyers Really Buy

by Scott Gillum
Estimated read time: 8 Minutes

“The best sellers are the people who make the product,” said my son as we were walking out of a store in a quaint town in Los Cabos, Mexico.

It was an interesting comment made after I had just purchased a pair of earrings for my wife in a jewelry boutique. The buying experience turned out to be an interesting “Goldilocks and the Three Bears” sales story, or in our case, the “Tourist and the Four Brothers.” 

A few nights prior, after enjoying dinner in town, we walked the streets visiting local shops. The first jewelry store we visited was run by one of four brothers, all jewelry designers who had followed their father into the business. Each brother had their own style, which was reflected in their jewelry, shop decor and personalities. 

The first brother’s store was white and teal, very similar to Tiffany’s. The display cases were decorated with high-end tequila bottles sprinkled among the jewelry, which immediately caught my eye. My wife, perusing the counters, settled in an area with rings while I chatted with the clerk behind the counter about the family and their business. 

In working with my wife the sales person failed to realize that he wasn’t selling to a naive tourist but rather a very knowledgeable buyer who at one point in her career had managed a jewelry department for a high end retailer.  A mistake often made by sales people who fail to do research on their potential buyers. As he pitched her on a ring she had intentionally requested to see, he failed to notice she was wearing one similar. 

When buyers are in an unfamiliar environment, like we were, they will seek to find a frame of reference or an “anchor.” Something that they can connect to their knowledge base to aid in decision making. Being new to the store, and pricing in pesos, my wife “anchored” on a familiar ring. Trying on the ring she was able to assess that it was roughly twice the price and half the weight as hers. Now that she had a reference point, she determined that the store markup was about twice that of a US store.  

The second brother’s store was bigger and had a vast selection of jewelry (and no tequila). The clerk, a niece of the designer, greeted us and carried around her calculator while following us around the store. A not so subtle message that she was ready to make a deal.  

My wife found an area of rings and picked one out. As she asked questions, the store clerk mentioned they were having a promotion. She then tried to discount to close the deal which kept falling as we were walking towards the door. By the time we left, the price had fallen 40%, with an offer to call her Uncle to get maybe an even better price. 

The last store we visited was white, simple and elegant. It didn’t contain a lot of inventory, in fact, one of the display cases was completely empty. The person working behind the desk was not a sales clerk, but an assistant designer who introduced us to the youngest brother in the family and owner of the store. He was the designer and told us about his creations apologizing for the lack of inventory.  

We talked about his life, his education in London, and the fact that he didn’t want to get into the family business, but his love of designing drew him in. His real passion was designing furniture which he hoped to start retailing soon. 

My wife found a pair of earrings and tried them on. As she did he explained the process used to give the silver hoops their shimmer along with the details about the gems used to enhance them. He brought over other silver earrings and pointed out the differences in the design process.  

Deciding to purchase the earrings, we asked if they had a “promotion.” He said that Visa or Mastercard were offering a 10% discount on a purchase. The card companies, not him, offered the promotion. 

As we were paying, I noticed a unique bottle of tequila sitting behind the desk. A dark blue bottle with carved symbols of the tequila making process along with the history of the Los Cabos area. He said it appealed to him “because as a designer” he appreciated the craftsmanship of the bottle. I loved the story (and the taste) of the tequila and he offered to connect me with the owner who lived locally to secure a bottle. 

The first store tried to position itself as the Mexican version of Tiffany’s. The problem was, we had no prior exposure to the brand, so the brand promise and value were empty. The second store offered choice and price but made us question it’s authenticity and quality. (Given the amount of products offered we suspected the owner couldn’t have designed everything, and the discount made us question if the stone used in the ring was natural or man made.)  

Later that night, I got a text from the store owner where we made our purchase, sharing the price and location to pick up the tequila. He didn’t have to follow up with me after we made the purchase but he did. It wasn’t an empty promise made to close the deal which happens far too often, but a genuine gesture. 

In the end, my wife received a piece of jewelry she loves and I got a unique bottle of tequila but what we really bought, was the owner of the store. For the 20 minutes we spent in the store, a connection and relationship were formed through storytelling. It was both authentic and passionate, building a foundation of trust. 

The experience made me reflect on the effectiveness of our sales and marketing efforts. What if we could train our sales people to act like “owners” or “designers” of the product; how might that impact their success? That question prompted another one which was, how many sales people ever receive training by the product group, or really know or understand the story behind the product or service they sell. 

We can’t give the passion that comes with the pride in ownership, but we can train them to be storytellers, because as we experienced, buyers don’t buy from you, they buy into you.  

As for the fourth brother, his store never opened. Guess it’s true, showing up is half the battle. 


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The Limitations of Best Practices

The Limitations of Best Practices

By Glen Drummond

How far have we really come since the Cluetrain Manifesto?  It’s sad to admit, but arguably true, that much B2B marketing still flirts with mediocrity.  Why? Part of what contributes to the mediocrity is the tendency of B2B marketers to race towards “best practices,” seeking, paradoxically, to achieve brand differentiation by imitating the past practices of competitors and predecessors.  

In marketing strategy, the perceived safety of doing what others have done is an illusion. “Best practices” are properly reserved for simple situations that can be dealt with according to simple categorical logic. Branding problems can rarely be reduced to such simplicity without overlooking dimensions of the situation.  Sometimes those dimensions are critical factors in success or failure.

Once we acknowledge that “strategy by imitation of practices” has a poor prognosis, it’s a short step from there to go looking for a theoretical foundation for action.    

Our theoretical foundation takes the form of  a “dissenting opinion” towards a handful of (largely unexamined) theories that are implicit in practices and advice widely found in the B2B marketing space.  At Carbon, we exploit this contrast as an engine of strategic differentiation for our clients. Here are 5 components of that engine:

1) People have a deep and profound need as social animals to belong to groups, to achieve and maintain status within groups, and to construct and signal identity in the context of these groups.   

Few people would disagree, but just the same, this point of view on motivation is still mostly ignored in B2B marketing and sales strategies that emphasize rational business benefits. As deals get bigger, and buying committees get larger, the error of underestimating this factor in motivation becomes more regrettable.       

2) Most of the time the human mind is operating in a state characterized by a fast, non-deductive, association-driven path.

This view, deried from behavioral economics, stands directly opposed to the classical economic imagination of people as “rational actors.” Something at stake in this dispute is our understanding of how we best achieve desired meanings in the mind of our customer.  Should we focus on telling people what we’d like them to believe, or should we design a coherent fabric of associations and invite people to participate in constructing meaning from it? Most zig, we zag.

3) B2B buying is a group decision, and group decisions are chaotic and non-linear.  On good days they resemble the pursuit of design problems. On bad days they resemble a garbage can.   

This take on decision theory (and thus buying) stands in contrast to the (usually unexamined) assumption that business decisions are pursued in a logical process that begins with a stable set of identities, goals preferences,  and advances in a straight line towards the optimization of outcomes. This assumption is perfectly aligned with the metaphors of “funnel” and “buying journey.” Just not with reality.

4) Experiences are meaning-making opportunities.  Stimulus and response are separated by a meaning-making operation.

This stance is opposed to the mechanistic behaviorism that lurks beneath notions like “monetizing eyeballs,”  “unique selling propositions” and “the b2b content factory.” Notions like these come and go, but the underlying assumption, for all its flaws, seems hard to kill.  

5) Firmographics and role titles are more useful for counting potential customers than they are for building strategies that move those customers to action.

This stance contrasts the segmentation assumptions of most B2B marketing and sales organizations. We see that as limiting in two ways – first, it’s non-differentiating since firmographics and role titles are no mystery to competitors. And second this knowledge is not as helpful as people generally imagine in persuading prospective customers to adopt a belief or a behavior.   

We don’t dispute that strategies resting on contrary philosophies have worked in the past. But looking forward, we see value migrating from tangibles to experiences. B2B buying groups will grow larger in the face of more difficult decisions. The pace of change and disruption will pick up. B2B commercial opportunities will increasingly be initiated by customers and mediated through inbound channels as the first point of contact.  As a result, this is an environment that favors our “dissenting view.”

Why Sales Might Have a Hard Time With The Buyer Journey

My initiation into the world of sales happened at the height of the “Glen Garry Glen Ross” days.  It was the time of “blue suits” and “fast talkers”, and not a piece of sales automation or tracking technology anywhere to be found.

We’d roam our territories searching for conversations hoping it would lead to something more.  At the end of the day, we’d return to the office and put our “numbers” up on the board; # of conversations, # of leads, and closed deals ($).  The white board was our “sales dashboard” highlighting performance against goals for the month, and year-to-date.  Our view, and control over our success, was determined day-to-day.

Over the last 25 years, sales has been enabled with a broad set of new technologies, from sales force automation to CRM to cloud based mobile sales tools. All aimed at helping the sales organization better track, measure, and achieve quota. And with each advancement in technology, sales has gained the feeling that it has more control over the process, and outcome.

The buyer’s journey is marketing’s “shiny new penny”.  Over the last couple of years, numerous consulting firms have produced research trying to map the journey with varying estimates on how late in the journey customers are now engaging sales.

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Before you go off preaching this newfound perspective on how buyers are now in control to a sales organization, who might just have a counter viewpoint, there are some things you need to know:

  1. This is not necessarily “new” news – educated buyers have been engaging late in the process for years, and in some cases, bypassing the sales reps all together ordering direct.  What’s different now is that we have better tools to track their behavior.
  2. It can be threatening – sales folks “cover” buyers, be it a prospect or an existing customers.  Their job is to start a conversation and to continue the discussions to, hopefully, a successful outcome.  They can’t be everywhere, or everything to everyone, but to suggest that they are not providing buyers with the right information at the right time, or that they may not be “covering” them will cause a defensive or hostel reaction.  Be tactful in the way you present the findings.
  3. Buyers channel surf – don’t assume that buyers are only online in the early stages of the buyers journey, and likewise, that they are only talking with sales in the late stages of the process.  Unlike the past, when we could estimate where customers were in the sales process by watching how they engaged with content and channels, buyers now use all channels, and all information sources, at all stages of the journey.
  4. Good sales people already get it – good sales people are very intuitive by nature.  They already have a feel for how buyers research and purchase products.  They also know how to use the best content and/or tools to help buyers advance their learning and to move the process.  As a result, they will want to know how you can help them.
  5. Have a Plan – especially for the sales people I just mentioned.  The question that you should expect to get after sharing the information is; “So what now?  Given this new insight how should we change our sales and marketing approach.” Make sure you have an answer.

My gut reaction was that the buyer’s journey would pose a significant change for sales, I now realize that it’s a much bigger challenge for marketing.  Given the amount of time spend online in the research phase, buyers already have a good feel for the “business value” of your product or service by the time they engage sales. It’s why they have put your organization in the “consideration set.”

The challenge, according to recent research, is that buyers are unable to differentiate your product or service from the 3-5 other companies they are also considering.  To create separation, you must be able to illustrate and communication “personal value”.

And that has not been a strength of marketing, but it’s a core competency of good sales people.  Use this opportunity to partner with sales to developed content that resonates with buyers on emotion level deeper into their journey.   Sales may be losing control over the buying process, but they know how to connect on a personal level with individual making the purchase decision, use that to your advantage.