200 likes | 374 Views
“7 Habits of Highly Effective DM Companies”. BDG – March 2011 Terry Jukes – President B2B Direct Marketing Intelligence LLC. Terry Jukes President B2B Direct Marketing Intelligence LLC. Former President of gNeil and Misco NA. Former President of Ability Commerce
E N D
“7 Habits of Highly Effective DM Companies” BDG – March 2011 Terry Jukes – President B2B Direct Marketing Intelligence LLC
Terry JukesPresident B2B Direct Marketing Intelligence LLC • Former President of gNeiland Misco NA. • Former President of Ability Commerce • B2B DM Consultant since 2003. • Performs strategic marketing consulting including due diligence on buy/sell transactions and bank loans. • Practice is 50% retainer, 50% project based. Clients in USA, Canada, UK, France, Germany • Visits 10-15 B2B DM companies each year….both good and bad! I’m Colombo, Dr. Phil, Tony Robbins and Judge Judy!
Intelligence • Fewer, smarter people = “collective brain trust” • Trusted partners = vendors, industry “buddies”, consultants • Attitude of continuous learning and improvement • Acceptance of constant change • Curious, humble, open. • Not stuck in “our way” • Process of deployment in place… “think then do”
Innovation • Proprietary Products & Services • Usually a “driving guru” exists. • New product/service sales >20% • Leading in technology application • Well developed, disciplined innovation process • Higher customer acquisition and retention rates • Innovative brand perception, seen as “leading”
Inbound • It’s an energy that you feel! • “Advisors & Consultants” not “order takers” • “Make the most out of every call” , not an efficiency mandate • Increase AOV and order conversion 15-20% • Incentive compensation and “ownership” are key • Quartile/Decile performance measurement • Give non performers chance to be successful somewhere else! There is a big opportunity cost!
Integrated, multi-channel action! • Beyond talk, doing it!...and measuring results. • Have built supporting databases/CRM, measurement system and reports. • Understand interdependent online and offline marketing relationships and leverage that knowledge. • Have “hour by hour” dashboard management reports and “real time” adjustments. • Exploit multi-channel breaking news, traffic change and competitive activity. • Highly technology support
Inspirational • Passionate leadership who “walk the walk” • Inspire employees who inspire customers • Create “believers”, “advocates”, “brand zealots” • Doing “cool stuff” and creating “worldwide raves” about unique products and services • Their “content” is used, forwarded, talked about, quoted…not just blogging, emailing, tweeting, creating fan pages. • Outstanding reputations, spotless facilities, respected leaders
Invest • Sustainable margins support continuous investment • Invest in … • Change – “only the paranoid survive” • New product/service development • Strategic acquisitions (usually product) • Their next business model • “Skunk work” teams • Continuous improvement/invention • People – training, mentoring • Technology
International • True “globalization” business moving to “virtual”. • Think globally, act locally. • Leverage R&D/overheads around the world • Purchase goods and services internationally • Goods from China • Programming/IT from India • Technical support/Customer Services from Eastern Europe or Philippines • Growing/Expanding internationally • Canada • UK • EU
Questions? Questions? Questions? Questions? “7 Habits of Highly Effective DM Companies” BDG – March 2011 Terry Jukes – President B2B Direct Marketing Intelligence LLC