Cozying Up to Frigid Prospects
Friday, August 31st, 2007 | Jessica CastanedaYou know the ones, prospects who never take your calls, send you straight to voice mail or are heading into yet another meeting. If only they would give you five minutes of their time, you could tell them why your solutions are faster/better/different and how you can positively impact their business. Just five minutes! It’s frustrating. So much so that sometimes you just want to get into your car and head over there in person. And that is not such a bad idea.
But, before you stand outside their door screaming their name ala Marlon Brando in “A Street Car Named Desire,” you may want to put a plan together. That’s where a Target Account Program (TAP) can help. As the name suggests, a TAP is intended to help you target and get in front of your business’ level 1, gold-star, key prospects. It is a planned, scheduled and methodically executed multi-week program that uses a variety of marketing approaches – mail, in-person visits, calls, e-mail, etc. to help you stand out from the crowd. TAPs can vary depending on your target audience, but usually they involve in-person drop-offs of information about your services delivered in a clever and interesting manner often accompanied by a small giveaway that ties in with your message and theme.
Even the most cold-hearted prospect can’t ignore someone visiting week after week dropping off clever, funny or meaningful information – that is professional, interesting and always relevant to their business.
Choosing the “gold-star” prospects
In the book “Positioning: The Battle for your Mind” veteran marketing strategists Al Ries and Jack Trout write that an average person can rarely remember more than seven brands in any given product category. And that’s in a high-interest category. In low-interest categories, the average person is hard-pressed to remember more than one or two brands. Because of the clever and personal nature of TAP programs, they are a great way to get you a coveted spot in your prospects’ minds. But, because of their success, it’s natural to want to include as many prospects as possible in the TAP. Why not? If getting into the brains of 10 key prospects is good, 20 must be better, right? Not so fast.
The key to a successful TAP is planning, and the first step in planning a TAP is developing a pristine prospect list. Here are some critical things to consider:
Industry – Keep in mind that a key element in a TAP is the drop-offs. You’ll want to make sure you can actually get to your prospect or at least to the front desk at their company without running into obstacles such as security guards or key card access. Pharmaceutical companies and financial institutions are a couple of places with added security. And, unless you’re interested in a stint at Guantanamo, you’ll want to get approval prior to leaving drop-offs at government locations. A little due-diligence will go a long way to ensure you have drop-off friendly companies on your list.
Geography – It’s important to consider the geography of your prospects relative to your sales force. While you want to include your top 10 prospects in the first TAP you do, it may be more feasible to break up your prospect list by geography to ensure your sales force can effectively visit the locations within the schedule and not have to do a drive-by drop-and-run. It’s also important that your sales force has the opportunity to ask if the prospect is available and, if given the chance, the time to meet with them right then and there!
Another key point about geography is that what works in Mayberry doesn’t necessarily work in Manhattan. If your business covers several markets, you’ll need to consider whether the same TAP campaign will work across all areas, or if you’ll need to tailor your message for better impact.
Company Size & Organizational Chart – When developing your prospect list, think about the size of the company and the level within the company you are targeting. The goal is to aim as high as appropriate in the organization. A general rule of thumb is the smaller the company, the higher on the organizational chart you’ll target. While chances are slim you’ll get in front of the CEO of a Fortune 100 company (nor would you necessarily want to), you’ll most likely be able to present your company’s services to the CEO of a mid-sized organization.
That said a common mistake made by sales folks is targeting too low a level within their prospects’ companies. I call this the “C-level syndrome.” Often sales people – especially those more junior – target middle-management because they are an easier pitch. The problem is they often aren’t the key decision maker – the person who can do the most for you – most quickly. For best results, you’ll want to do some digging and find out who the highest-level person is in the area you are targeting. If you aim at a mid-market CEO, they may tell you to talk with someone under them – but now you come armed with the boss’ recommendation. If you target a middle manager, more often than not, that’s where you’ll stay.
Politics – If you decide to go after new business within an existing client (penetrate untapped areas of the organization), it’s a good idea to let the people you’re already doing business with know about your efforts. If not, your great client in the Widget division might get peeved to see his counterpart from the Gizmo division wearing your polo on casual Friday. It sounds petty, but it happens … a lot. The last thing you want to do is spend your time (and money) dropping off gifts as peace offerings to people you’re already working with. The best way to mitigate this etiquette faux pas is to tell the people you know well in advance that you’re planning a drop-off campaign, and that you would appreciate them putting in a good word for you with your target. You have limited drop-offs and with their help, you can make a better impact. Chances are they will be more than happy to comply. This way no one feels left out and your TAP penetrates even deeper into your target organization.
These are just a few points, but they can make a huge impact on the success of your TAP campaign and your effort to gain new prospects. Execute them correctly, and before you know it you’ll be sitting face-to-face with that frigid prospect who is no longer “away from their desk.”
Jessica Castaneda
Marketing Director
ClearEdge Marketing