Network Magazine (NZ) SPRING-2019 NZ-Final | Page 26

3 MARKETING MISTAKES WHEN COURTING PROSPECTS In this edited extract from his new book, marketer Sabri Suby shares the solutions to three common mistakes that businesses make when prospecting for new clients. arketing that urges respondents to ‘buy now’ is a little like asking someone to marry you on your first date. At any time, only 3% of the market is looking for what you’re selling, so the chances of your date randomly being ‘The One’ are pretty slim. So why does it seem like we’re still in the era where merchants yell out what they’re selling and jump straight into the sales pitch? Where does marketing fit into the bigger end of the larger market formula, courting prospective customers until they’re ready for a more serious relationship? For your marketing to reach its full potential you need to go beyond the 3% who are actively looking for what you’re selling. The tip of the buyer journey pyramid (pictured) is not only competitive, but those customers are also likely to choose a business they already know. And to develop a relationship like that, you need to start earlier in the process, further down the pyramid. M THE BUYER JOURNEY PYRAMID 26 | NETWORK SPRING 2019 Mistake 1: Wrong first impression Around 60% of your customers are strangers. The Stranger is just browsing, and possibly not even aware they have a problem that you can resolve. They might find your company through related marketing material, online ad campaigns, social media, and Google searches, and start to recognise your name. They know little-to-nothing about you, so it’s unlikely there will be a first date unless you can display something that interests them. If you introduce yourself by saying ‘I’m the best’ or ‘marry me’, then you’re likely to turn them off immediately. Solution: Turn strangers into friends A more effective way to introduce yourself would be with an exchange: find out what the potential customer is interested in and, in return, serve them something you think might fit the bill. This ‘something’ doesn’t have to be one of your products – in fact, it’s better if it isn’t, as you want to avoid launching into an unwanted sales pitch. Offer something small and easy for them to progress with, such as a quiz, a free guide or a competition. Match the temperature of the prospect’s interest. If they’re cool at first, play it cool yourself to put them at ease. You might want to introduce them to friends who can vouch for you, such as media coverage you’ve gained through PR which can leverage a power similar to word-of-mouth, or testimonials online. You get to know them, they get to know you and you’ll want to see each other again. THE QUICK READ • Only 3% of the market is looking for what you’re selling, so to position yourself as their go-to choice you need to build a relationship prior to selling them your services • Find out what they are interested in and give them something of interest, without trying to sell anything • Invite questions and create content that addresses the most commonly raised issues • Build trust by providing testimonials or examples of media coverage • As they get further along the buyer journey, keep adding more value by providing them with relevant information and then an irresistible offer, such as a guarantee or free trial. Mistake 2: Ignoring their curiosity The Curious are the 20% of clients who have recognised they have a problem they need to resolve and have realised that you might be able to help them. This audience knows your brand and is willing to click links of interest, so your marketing should ensure you stay top of mind. Without understanding the source of their curiosity, however, it is easy to lose them. Before you start thinking