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| Precision Marketing is a
marketing methodology for supporting the Precision Selling
effort by generating appointments with high-level executives
for the field sales force. In a typical scenario, a high
tech company comes back from Comdex with 100 leads for
each of its 100 sales representatives (10,000 leads).
In each batch of 100 are two leads which, if contacted,
could produce two reasonably sized deals. However, the
chances are high that the leads will never be found. The
typical sales rep may call 10 - 15 of the leads (in which
case the probability of finding one of the two nuggets
is less than 10%), strike out, and throw the rest in the
can. The company may have shelled out perhaps $5,000 for
that stack of leads - but most of them will find their
way to the recycle bin. Precision Marketing suggests that
the company spend its marketing dollars to generate a
lower number of high-quality appointments, rather than
a higher number of low-quality leads. This joins sales
and marketing at the hip to deliver unprecedented growth.
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