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In a recent Insider’s Circle Meeting I was reviewing key aspects of the Event Marketing Process. This clip explains what topics work, and what topics don’t work…

Also, make sure you have my most recent Special Report on Event Marketing and Converting Prospects to Clients…

http://morecustomers.stelzl.us/specialreport

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We’re kicking off day one of the Event Marketing workshop today…I’ve completed my new book:

Event Marketing, 7 Steps to Profitability Using Lunch & Learns and Sales Events,

and last night I was finishing up some slideware to be used in today’s opening session.  If you have not signed up – there is still time…here’s the link:

http://7secretsmktg.eventbrite.com/

The Importance of this Workshop

If you don’t have someone from your company attending, you should.  This information is vital…looking over the past decade of channels, technology sales, and reseller/vendor partnerships, I see a steady decline in the support given to the channel.  I am not saying there is a lack of effort. There’s a disconnect between marketing, both within the reseller itself, and the channel marketing groups working with resellers.  A misunderstanding of how the reseller business works.  No wonder JMF is so hard to come by.  Well at least for some – it hasn’t really produced any ROI.

Some Companies Get All the Funding

On the flip side, I was up north working with a reseller a little over a week ago.  They told me they constantly get asked to put on events and attend trade shows by their vendor partners.  The problem is, they don’t see any results!  So they are getting more money, but no return.  After looking at the programs their partners are telling them to put on, we discovered why.  The approach is all wrong.

Some Get Nothing

Working with another reseller earlier in the year, they struggled to get funding.  They have the right idea, but their partners don’t understand it.

If we can get this message out, things can change.  At the end of the day, we’re all looking for a return on investment.  The reseller doesn’t have time to waste on making calls, setting up events, attending trades shows, etc.  unless there is a measurable ROI.  The vendor doesn’t have money to throw away – their business depends on stronger channel sales.  We can fix this if we get everyone on board with the right approach, calling on the right people with the right message.  My hope today is that we’ll make some big progress in that direction with the select group attending this workshop.  Success in 2013 depends on it.

© 2012, David Stelzl

Note: Here’s my Hertz rental car at the Rapid City Airport – If they had known that I have seven kids, they would have also known that I only know how to drive big vehicles…

It’s a great day in Rapid City, SD – I love this job because I love events like the one we are doing today.  Every business owner out there is working hard to build a successful company, and today is no different.  72 of these business owners and leaders are meeting today to gain insights on how to deal with information security as their business grows, and the threats increase.  As they focus on their customers and offerings, someone has to sort out the technology, and figure out how to maintain it – keeping it secure, up, and running smoothly.

A local solution provider in town is sponsoring this event – we’ve been preparing for this over the past few weeks, looking at who should attend, who will benefit, and how to best address the issues businesses are facing.  The exciting thing is, we have answers.  We have an understanding of what these companies are facing, and we’ve put together a plan to address it.  We have a way to show them the problem, a way to measure the effects it is having on their businesses, and a way to bring managed remediation to any issues that may exist.  It’s simple to do, compelling, and valuable to both the sponsor and the attendee.

This is what we do – the technology business is not about selling the next widget, or even maximizing profits – it’s about the people you are serving through it; in this case, small and medium business owners and managers. The profit is a measure of your success in carrying out the mission.  At the end of the day it’s a win/win proposition.

© 2012, David Stelzl

 

 

Photo Taken By Hannah Stelzl

I was talking with one of my clients this morning about Demand Generation follow-up.  After inviting and presenting to over 40 potential buyers – executives who have both risk and liability, he is in the process of calling them to schedule next steps.  A quarter of the way through his list and so far, everyone he has called has agreed he should come in to review their security…why is it so hard to get sponsorship for these events with this kind of results?  A few tips on funding…

1. First, my client is doing something most don’t do – that is, following up immediately.  In his case there were multiple solution providers involved. The sponsor made the mistake of assuming they needed more attendees.  In this event, my client invited most of the attendees and his results would have been even greater for the the sponsor if he had been there alone.  You must convince your sponsor that the number of attendees is less important than the number and quality of attendees who agree to a follow up assessment.  This is where impact and likelihood will be demonstrated!  This is where the deal will close.

2. Sponsors are not seeing the ROI on these events.  Why?  Two reasons; if there is a strong response, solution providers may not be keeping the sponsor informed.  But more likely, the hosting solution provider is not inviting the right people to the event.  More often than not, sales invite their IT level clients and the sponsor is invited to be the speaker.  This does not make for an effective event in most cases.  In the above case, we did reach out to Asset Owners – making the follow up meetings much more likely to produce business.

3. The presentation, or presentations are not geared to driving business.  That’s right, the presentation must be crafted to drive people to buy.  Purely informational presentations are generally technical in nature and do not lead to emotional response.  On the other hand, product pitches are often hour-long commercials geared to technical audiences with no money.  Interesting, informative, but not built to drive new sales.  The above meeting was focused on cybercrime trends – my client will follow up with details on why security strategies are failing, showing his prospects how to make sure they don’t have unwanted intruders hiding in the bowels of their network.

How do you get funding?  It’s a bit like getting angel investors to fund a new venture…JMF used to be there, just waiting for you to announce a date.  Those days are over.   Both large a small companies have to justify the use of JMF;  here is how to approach it:

Use a letter:

  1. Have a plan; dates, venue, speaker, target audience (which should be buyers), a current hot topic (like a security briefing), and a great speaker with a message that will both attract high level attendees and drive toward the need for follow up.
  2. Choose your sponsor list – select and prioritize your vendor partners who seem most likely to contribute or Invest in this opportunity.  Think of this as an opportunity – one that will land your sponsor a strong return on investment.
  3. Agree to work on this as if you have angel money – meaning you really do intend for there to be a return on investment, and you are committed to there being one.
  4. Send a personal letter to each sponsor – with some customization to each, sharing your plan, your expected outcome, and how it will contribute to their sales incrementally.  If you are not aware of your local channel manager’s quotas, you should be.  Sell this program as a way of helping them hit their numbers.
  5. Offer them sponsorship levels.  For different investment levels, offer different levels of involvement.  This might include an opportunity to say something, have a table, have logos displayed, etc.  Like a trade show, different sponsors will pay for different levels of advertising.
  6. Agree to keep them informed as to your progress.  Share with them something from past events to let them know you understand your program and demonstrate you have a track record of success.
  7. Follow up with a phone call to review and sell them on the idea.
  8. Like sales – don’t take no for an answer…

Not every company you resell for will sponsor you.  There are some vendors who are focused on driving higher level business and invest only in their top producers (you may of may not be one of them).  Some are focused on small and medium markets, others on enterprise business  (where do you fit and is this a good partnership to be in?).  Going through this process should clarify who will sponsor you in the future.  If they say no, find out why.  Is there a performance issue on your part from past events or sales?  Make sure you understand who is going to sponsor you in the future, who is helping you grow your business, and who is truly interested in helping you serve the market you work in.  These are the companies you want to wrap your services and intellectual capital around going forward.  If they claim there is no JMF – remember, its like any sale; budget doesn’t really matter when the ROI likelihood is strong.

© 2011, David Stelzl

 

Why do Assessments?

November 1, 2010 — Leave a comment

Almost every reseller does assessments, and now, many manufacturers are not only doing them, but equipping their reseller community through partner program trainings, and portals, and the creation of assessment tools.  Why?  If you don’t understand the core reasons for doing an assessment, chances are you are wasting your time.

 

© 2010, David Stelzl