Archive for July, 2009

Skipping to the mailbox

Friday, July 31st, 2009

TransPromo is now the rage for any company that can build better interactions with customers (the ones that pay).  What is TransPromo?  Basically its when branding meets billing.  It is when you get a bill and you see personalized messages to help you be better engaged with brand.  I know. It’s not like my wife skips the mailbox anxiously waiting to pay her Telco bill just waiting to get yet another marketing message.  But it works to the tune of 3X over traditional DM spam. But here is one challenge that faces marketers trying to get started.  The enviable position of communicating directly with customers sits squarely in a place most people fear the most.  IT departments.  Why?  They own the customer information when sending out huge batches of billing inserts or onserts (the online version of bill stuffers).  Companies are starting to understand that utilizing this opportunity to inform, engage, cross-sell, etc.  can be leveraged every month! (depending on your bill schedule).  So what’s the big deal?  It is because IT naturally is the protector, not the utilizer of important data.  Once C-level executives understand that interacting with customers through TransPromo can actually reduce the billing cost (worse case), and actually generate revenue with existing customers (best case), the IT people will comply.

Check out this important and rapidly growing sales and marketing opportunity at the latest TransPromo Summit.

Interesting Paper from McKinsey on Sales Improvement

Friday, July 31st, 2009

This report will help companies identify what is the proper sales structure to help identify the most effecient way to support new business and existing accounts while simultaneously reducing costs.  One of their suggestions?  Understand the customer portfolio.   Portfolio doesn’t imply, but explicitly states understanding the economic profile of each customer.

“To gain a deep understanding of the needs and economic value of customers,
companies must analyze the size, service costs, and true profitability of deals, not just their gross margins.”

“Profiling” is hot topic these days in the general political scene, but when it comes to running a company, it is not taboo.  Properly profiling and discriminating customers is OK, especially if you want to get more money from the ones that will affect the top line.  Enjoy.