CRM
Green Bananas
Jan 31st
One day earlier this month, I got up for my morning routine and went to pack my breakfast – which, since my wife became a nutrition coach and got me on a solid path, usually consists of some whole grains and fresh fruit. I’d been craving a banana and had not had one in a while. I rounded the corner to my kitchen, filled up my coffee, reached into the fruit basket and without even looking broke off a banana from the bunch. The ensuing “snap” let me know what my eyes now confirmed – it was a [very] green banana and was not going to do me any good that day. “Maybe by the end of the week,” I said. The more familiar scenario in my house is that we find there are several brown spotted bananas which we quickly convert to banana bread and all is well. But as I completed my commute to work that day it got me thinking. Do we have any “green bananas” in our pipeline?
Looking at my firm’s business after the big push to the finish in 2011 had my team wondering about the top of our sales funnel, which we had not done in a while.
After spending so much time nurturing the mature opportunities through the more time-consuming stages of qualification, proposals, contracts, and closure, we turned our eyes to the top of the funnel, and were not happy with what we saw. We had just baked a big loaf of banana bread but the basket was lower than we liked, except for a some [very] green bananas.
How many times have you found yourself dealing with the mature deals in your pipeline like those ripe bananas and wondering, “Now what?” Or, looking at a bunch of green bananas and wondering how long it would be until you can eat?
Well, it’s all about managing your produce:
- Block out time to shop for green bananas. Treat your demand generation and lead follow-up time as sacred. Book time during your week for this “appointment” of new sales activities and keep that meeting no matter what. Bring in the fresh stock!
- Spend time balancing ripeness. Get face-to-face with your clients. Never Eat Alone. Use coffee in the morning and lunch in the afternoon as ways to strike up conversations in your network to keep the produce moving through the process. It may not pay off today, but your deals will mature when you need them down the line. Personally, I’m finding more people willing to grab a quick coffee or be treated to an eat-in lunch at their office these days than taking time for dinners or playing rounds of golf like the heyday. The point is, you need to spend one-on-one time to ripen your deals.
- Rotate your stock. My firm EDL Consulting uses salesforce.com for CRM (full disclosure, we also do consulting on the product and it is my personal favorite after using many over the years – contact me if you’s like to learn more) but whatever CRM system you use, be sure that it serves its core purpose – to allocate your precious resources across the portfolio of opportunities to maximize your business by helping your customers. To do this, you need to be sure about where you are in the buying/selling process. You need to know that you are taking the right action and applying the right resources. Use your CRM system to ensure you are not ignoring new opportunities while you’re focused exclusively on the “closing” end of the funnel. You need to spend time in each stage to get the most out of your produce.
Stick with this more balanced approach to your selling activities and you’ll create a more balanced sales funnel. You’ll have some nice green bananas, some delicious yellow ripe ones – and yes, hopefully, you’ll also be making lots of bread!
Our heads are in the cloud: Dreamforce 2010
Dec 21st
Salesforce.com’s annual Dreamforce conference was held in San Francisco the week of December 6-9, 2010. EDL, a gold sponsor for the second year. The booth included contortionists dressed in cloud morph suits which drew continuous large crowds. At the booth, EDL representatives were discucssing and demonstrating the new CloudCraze 2.0 and Service Cloud 2 integration for prospective customers. We attracted many conference attendees to our booth and had the opportunity to “WOW”them with our eCommerce and customer service offerings.
The energy of the event was immense and intense and the convention center was packed with both current salesforce.com customers and prospects who were eager to learn more about taking full advantage of their CRM system and learning about the power of saleforce.com’s Force.com development platform. The attendees at this conference were truly eager to learn all that there was to know about salesforce.com and cloud computing. While talking to and observing many of the attendees, I found that there were basically two types of attendees at this event:
Group A: This group represents the customers who view saleforce.com solely as a CRM system, with their company utilizing it strictly to communicate and manage their customer information. After speaking with numerous customers in this group, I found that many of them still shared a common need – to have visibility between their leads and their sales and support centers.
Group B: These are the customers who truly want understand all that salesforce.com offers and are excitedly looking for what they can “DO next” in terms of applications and sales force optimization.
When people from Group B approached the booth and I would demonstrate CloudCraze 2.0 or Service Cloud 2 integration for them, they were in awe. They truly understood the benefit of having one “repository” for all pertinent aspects for their company from lead generation to order fulfillment and then onto the service center, with the Service Cloud 2 offering. The enterprise-class customers were shocked with the short time required to build, having experienced how long it took to build solutions this robust with an on-premise solution.
As I dive deeper into solution architecture, it is easy to understand why one would want a single portal to control all of a company’s information since the integration of information is often difficult and trying. It is also problematic to maintain so many moving parts, which must all be working together toward a common end goal. It becomes apparent that it is also quite costly and inefficient to train employees on so many different platforms.
Another common theme that I noticed as I began to truly ponder CloudCraze, EDL Consulting’s eCommerce solution built natively on Force.com, was that many companies which are product companies by nature, were beginning to develop “light” versions of their own product on Force.com as well. However, they were not prepared to take the plunge and holistically develop their product on the platform in its entirety, but instead were developing smaller versions for the AppExchange. What this suggests is customer interest in native Force.com applications. Each company that I spoke with who had developed this lighter version of their product, discussed the road map for their AppExchange product and in essence, how it would/could become as robust as an enterprise-class product.
It seems most logical to me that a consulting company with ten years of deep eCommerce experience be the ones to develop a product to derive the benefits in both development and implementation. The need for natively built applications is continuing to grow and as other eCommerce solutions begin to develop their “shopping carts” into more robust solutions, CloudCraze will continue to develop strategically, remaining ahead of the curve.
Frank Gehry vs. Frank Lloyd Wright – “Frank” talk about Cloud Architecture
Dec 15th
Bill Loumpouridis
Frank Gehry built a reputation for challenging our core beliefs around what buildings should look like and the role of design. His work is often described as “Deconstructivist,” which means he reduces his creations to be more of a reflection of the tension that binds atomic elements vs. the singular “harmonic” whole of a Frank Lloyd Wright conception.