I covered the Digital Marketing World Forum in New York this past week.
There were great discussions on Digital and Social Marketing. The topics ranged from the customer journey, customer experience, customer retention, personalization, using data, and privacy legislation.
My key insights were:
1. To improve customer retention, brands need to understand their customers to personalize their experiences across all touchpoints. Marketers from different verticals shared how they were able to improve customer loyalty and retention by personalizing and creating customer experiences across all touchpoints.
2. Many times, customer data tells a story that contradicts preconceived hunches and opinions. Marketers from T-Moblie and Decoded found this out when they marketed Cell Phone plans to the 55+ community.
3. Marketers have the tools to better understand their customers and to track the results of their efforts faster than ever before. These tools empower marketers to improve the customer journey and experience. With this power comes the obligation to better serve their customers and to quickly pivot when their tactics and strategies are not effective. Marketers with different products and services shared their stories and strategies
4. Companies that are going to use Chatbots to serve customers need to train Chatbots to handle complex requests from customers. Chatbots should not be used to answer questions like the hours of a store or simple information that can be obtained from a website.
5. Privacy Legislation similar to GDPR is coming to the United States. Laws in California and Nevada are being enacted in 2020. OneTrust shared how Marketers can prepare and comply with the Californa Consumer Privacy Act (CCPA).
What is the next trend in Marketing?
Comment and share below.
Additional Pictures can be found here.
I covered TechDay in New York City at the Jacob Javits Center this past Friday. TechDay gives attendees the opportunity to discover the latest technologies and innovate startups.
Organizers of the event offered the opportunity to: network with Venture Capitalists, Accelerators listen to Tech Talks, Fireside chats and pitch your Start up. Attendees also can look for a job or business opportunity with exhibitors and start ups. Entrepreneurs even had the opportunity to audition for SharkTank.
Well #NYC turned out today!! Wow!!! Thank you to each of you who attended and waited and pitched at our Open Call!! Good luck to all!! @ABCSharkTank @TechDayHQ #sharktank #sharktanknation pic.twitter.com/nL1SLbPVBi
— Mindy Zemrak Casting (@MindyCasting) May 2, 2019
I took a longer walk through at TechDay here.
Companies that pitched were from all different industries. You can watch the pitches here courtesy of TechDay
I really enjoyed the event. Did you attend? What are your thoughts on TechDay NY? Comment and share below.
If you were not in New York, TechDay is coming to Los Angeles and London later in the year.
If you were not in New York, TechDay is coming to Los Angeles and London later in the year.
I really enjoyed the event. Did you attend? What are your thoughts on TechDay NY?
Comment and share below.
I had the privilege of covering the Venture Conference in Newark, NJ this past Thursday.
James Barrood, President of the NJ Tech Council opened the conference.
The conference was held at NJIT; a school that prides itself on preparing its student for STEM careers.
NJIT is helping to innovate New Jersey. NJIT President Joel Bloom discussed this in his keynote address.
The conference was run by the NJ Tech Council.
The council’s mission is to: collectively representing tech, life science and tech-related companies and organizations as well as the professional firms that support them, the Tech Council has the unique ability to:
- Offer opportunities to learn, network and grow
- Recognize and promote member companies and their leadership
- Nurture the tech and STEM talent pipeline critical to growth
- Provide access to financing sources and additional resources
- Advocate and support public policy which strengthens our ecosystem
Founded in 1996, the Council is a private, nonprofit membership organization, which supports the tech, innovation, and entrepreneurial ecosystems across the state and region. It is among the largest and most respected trade organizations of its kind nationwide.
The focus of the event was to help New Jersey startups grow and raise funds. Startups pitched their businesses and asked for funding.
There were two rounds of pitches along with networking opportunities. The startups that pitched represent industries such as but not limited to: EdTech, E-Learning, Healthcare, Sports Betting and esports.
Round 1 included
LifeCuff Technologies Inc.
TrueConnect Systems, Inc
MARCo Technologies LLC
Life Skill Software
Round 2 Included
Smirta Innovations Inc.
Commerce Blitz, LLC.
XPEED Turbine Technology
ROAR for Good
Indie Art World
Caregiver Smart Solutions
MYXR Events Corp.
More information can be found here.
You could feel the energy and excitement in the air as I was able to speak with 48 innovate startups.
I really enjoyed the keynote speech by the FanDuel EVP & Head of Strategy David Van Egmond.
In the speech, he discussed how he helped FanDuel grow and succeed. He also discussed the industry of online sports betting and esports; both are growth industries. These industries are legal in New Jersey and serve as a great source of revenue for the state.
It was a great event. I want to thank the NJ Tech Council for allowing me to cover the conference.
Dealing with rejection in Sales, Marketing, Business, Job Search and Life is rough. I have experienced rejection in various aspects of life. It is important to not take rejection personally. When you are rejected in job search and career; remember that it applies to the specific situation, position, promotion, transfer but not you as a person. This also applies in Marketing when your ideas, products and services are not accepted by the market. When facing rejection, it important to learn from the experience, pivot and not quit. The only way you are defeated is if you quit and stop trying.
Here is a poem entitled Don’t Quit that I have turned to for inspiration.
How to Conquer Rejection in Sales
To achieve Sales, success, the seller needs to be willing to persevere, through rejection. I remember my time in outside sales in New York City. I would make a lot of cold calls or try to up-sell or cross-sell products to existing customers. I remember days in the field when the answer I received was some form of no. Sometimes no matter how perfectly we execute the sales process, the answer is going to be no.
Many people would think to themselves I can’t take this rejection I should just quit. Well their right at least in the short-term. After you have made five or six sales calls with no results, take a short break. Take a walk and do some deep breathing. Try to remember that it is your offering that is being turned down and not you! Unless the prospect says “I hate this guy”. This happened to me on one occasion.
You should take a short break after being rejected for the following reasons:
1. At this point in your call plan you are probably frustrated and are not thinking clearly. This will ruin any chances of making sales for the rest of the day.
2. Taking a break allows you to vent and refocus.
3. Reflect on past successes you’ve had. Remember, you have made sales before and you can do it again!
After you have cooled off, try to think over the last calls that you have made. Reflect on what went well and what did not. Take this information and go on to your next calls with a positive attitude as if nothing has happened. Remember, your prospect does not care about how your day is going.
During my time in Outside Sales, I would have to call on certain prospects as many as 10 or 12 times before I could make a sale. In terms of cross-selling and up-selling, you have to build relationships with your customers. It is not going to happen over-night. This is true when you are selling items that require a large investment from your customers or prospects.
Some of my biggest sales successes have come during my last few calls of the day. When you feel spent, take a short break and then keep going. You never know when you are going to get a yes. If you quit; the answer is always no. Remember, always ask for the order. I was cursed at and thrown out of buildings; if I could keep going so can you!
How have you have you persevered when you were rejected in Sales, Marketing, Business, Job Search and life?
Share your story below.
About the Author
Dan is passionate about using Marketing to help businesses drive sales. HubSpot Certified in Inbound Marketing, Dan has worked on various marketing assignments including Start Ups, a Political Campaign and a Digital Marketing Conference.
Prior to teaching, Dan served customers as an Outside Sales and Marketing Rep in NYC. In this role, he taught and trained Dentists on the company’s products and services using a consultative selling approach combined with direct marketing. He also supported the company’s marketing efforts at industry trade shows.
He writes and publishes a business blog on the topics of Sales, Marketing and Social Media entitled Sales, Marketing & Social Media Today; which has grown to 24,000+ followers on LinkedIn and 21,000+ on WordPress.
Dan is seeking a full-time role in Marketing. He is willing to create and build out the Marketing function of your organization if it does not exist. If your company is hiring for roles in these areas, contact him directly via a free LinkedIn Message or email him at Dan@DanGalante.com to set up interviews.
Seth Godin’s new book This is Marketing sums up the lessons of his previous books.
In the past Marketing was Advertising. Many Brands and businesses used to buy ads to interrupt prospects in the hope that people would buy. However, with so many media channels, the advertising of yesterday has lost its effect.
What this means for Marketers is that they need to build trust, engagement, community and earn permission to contact prospects and customers. With the ever-increasing privacy legislation such as GDPR, Marketers will pay a high price for SPAM.
Also, today there are many micro-markets of products and services as opposed to one mass-market. Frequency has surpassed reach in terms of effectiveness. Marketers need to tell a compelling story that resonates with the people they seek to serve.
Marketers need to improve their knowledge of customers to enhance the customer experience and engagement. Brands need to have conversations with customers as opposed to talking at them.
Ideas that jumped out at me while reading and listening to the book
Seth dissects Marketing, showing the reader that today’s successful marketer is generous and gives value to the customer as opposed to stealing their attention.
Chapter 19, the chapter on funnels is very interesting because it shows how to look at the funnel in a new way.
Seth explains how to shorten the sales cycle by making it easier for prospects to engage and purchase a product.
He demonstrates how to do funnel math to see if and when marketers should advertise using paid ads along with how to know if ads will pay for themselves.
In this chapter, Seth shows how marketers should focus on serving micro-markets as opposed to the mass market.
This idea is illustrated in Jeff Moore’s book Crossing the Chasm. Seth takes this concept, and explains how to move a product from micro-markets to the mass market but surprises the reader by demonstrating that marketers can be successful by catering to a micro-market.
Seth illustrates this in the long tail concept where he shows that hits are exceptions to the rule. Instead he shows that selling a lot of different products to different people is the way that most marketers will find success today and in the future.
What is next in Marketing? Comment and share.
I have had the pleasure of meeting Seth on two occasions. Here are videos and pictures of the talks.
Marketing is at the center of the organization; supporting Sales, Customer Success and the overall customer experience.
Kelly Miller Eliyahu of Salesforce outlines the Fifth Edition of The State of Marketing.
Customer Experience Marketing Data
- 65 % of Consumers say their loyalty is influenced by companies sending personalized messages.
- 52% of Customers are likely to switch from a brand if they do not make an effort to personalize communications to them.
- Customers need a consistent experience with Brands across all touch points.
Retail Shoppers that click recommendations spend 5 times more per visit.
79 % of Salespeople who use Social Media to sell outperform those that don’t.
Here is a Keynote from Salesforce CEO Mark Benioff.
Salesforce does a great job of providing information on industry trends. Everyone who attends Salesforce World Tour and/or Dreamforce is a Trailblaizer. The company brings people together and builds a community.
What insights do you use to make Sales and Marketing decisions?