Management Information

Follow Up: It Makes A Difference


A while back the headlight switch on our minivan quit working, so early one Saturday morning we took it to the neighborhood repair shop that has been mailing postcards to us the past three years. They said it would take 90 minutes to check things out.

Three hours later we call: still haven't gotten to it, but it's up next. Two hours after that we call again: he's looking at it right now. Three more hours, another call: yep, it's broken, but we can't get the part until Monday. We decide to pick it up for the remainder of the weekend, arriving there as instructed 10 hours after this ordeal began: Sorry, we haven't had a chance to put it back together. Another trip two hours later completes a very frustrating day.

Following up is one of the biggest challenges many businesses face. You see it when dealing with some vendors, working with some clients/customers or just trying to get an update on a car repair. When it comes to your marketing efforts, it's essential to have a follow-up system in place, so you convert prospects into buyers.

Success Handler Action: With your team, develop a checklist of the steps you will take once you grab a prospect's attention. For example, assume that as a result of reading your monthly E-newsletter a prospect sends you an e-mail asking for more information. The follow-up system you create for your small business might look like this:

Name: John Reed
Company: Reed Mortgage
Marketing responded to: E-Newsletter
Initial contact date: February 5, 2004

X Respond by e-mail immediately with thank you for contacting us

X Visit website to learn more about their company

_ Send PDF of "Services" brochure

_ Mail personal letter explaining how we work with others in their industry

_ Make follow-up phone call three days later to ask if they have any questions

_ Schedule meeting appointment and mark on calendar

_ Send hand-written thank you note letting them know we look forward to working together

Have you ever considered what prospects do when they receive a marketing message from you that makes them realize you might be able to help them? Whether it's a direct mail piece, conversation at a networking event, or receiving a recommendation from a mutual friend, what do prospects do once you grab their attention?

Success Handler Action: With your team, create some "in-motion" scenarios that depict how prospects respond to you. Think about when they call, respond by e-mail, send in a reply card, or walk into your small business. Visualization, role-playing and writing down different scenarios will help you see things from their perspective. Walking through the steps prospects are likely to take will prepare everyone for handling contacts.

Here are some things to consider when analyzing how prospects respond:

? Which message did they receive? Why did it catch their attention?

? What are they thinking about your company?

? What do they need from you? Why do they need it? What other options do they have?

? What is the first step they will take? What are subsequent steps?

Tracking and follow-up activities may appear to be time-consuming, but the more they become habit the easier they are to fulfill. It's essential to have a follow-up program in place, lest your marketing efforts and dollars go to waste. The worst thing that can happen is to drive a prospect to make contact with you, then fail to follow up with her. That breaks the trust expectations of your relationship, making it extremely difficult to convince them to believe any further marketing messages they receive from you, or to make the leap to doing business with you.

By the way, it took two more trips back to the auto repair shop and eight more hours of our time to get the correct switch installed. Needless to say, they can take us off their mailing list.

Copyright © 2004 by Success Handler, LLC. All rights reserved.

The Coach, David Handler, is the founder of Success Handler, (http://www.successhandler.com), and specializes in helping small business leaders, franchisees and franchisors find clarity and take action. He understands the challenges of running a business, because he's been there - as a small business owner, franchisee, franchisor, corporate leader and trainer. Much like sports coaches, his coaching will show you how to compete on a level playing field in your industry.


MORE RESOURCES:

Los Angeles Times

Risk Management Needed for Energy Loan Guarantees, Report Says
Bloomberg
The US Energy Department's loan programs may end up losing $2.7 billion, less than the agency or Congress projected, according to an independent analysis sought by the White House in response to Republican pressure. The potential long-term loss on 30 ...
Post-Solyndra review urges better energy loan managementThe Hill (blog)

all 203 news articles »


New York Times

Financial Briefing Book
Wall Street Journal
Apollo Global Management LLC's fourth-quarter profit slid 95% from a year earlier as the buyout firm's revenue slid. Apollo reported a profit of $11 million, or five cents a Class A share, down from a year-earlier profit of $206.3 million, ...
Apollo Global Management, LLC Reports Financial Results for the Fourth Quarter ...MarketWatch (press release)
Apollo Fourth-Quarter Profit Falls 66% on Market SwingsBusinessWeek
Apollo earnings fall on mark-downsReuters
Fox Business -New York Times
all 47 news articles »


Business Insider

List Of Pepsi Managers Who Have Left The Company
Business Insider
It's not news that PepsiCo has suffered a lot of management churn in the last few years, and that sales of some brands have been hurt as the company has lost its focus. But it's not until you see the list of senior brand management names who have ...
PepsiCo to Cut 8700 Jobs, Reduce Management Layers in Global Productivity DriveIndustryWeek
PepsiCo Announces Strategic Investments to Drive GrowthMarketWatch (press release)
PepsiCo Cuts Jobs, Plans Culture ChangeFINS

all 599 news articles »


Carrington Capital Management, American Home Mortgage Servicing Announce ...
MarketWatch (press release)
Resolution of Carrington Asset Holding, LLC, ET Al. Plaintiffs, v. American Home Mortgage Servicing, Inc., Defendant SANTA ANA, CA, Feb 10, 2012 (MARKETWIRE via COMTEX) -- Carrington Capital Management, LLC ("Carrington"), a subsidiary of Carrington ...

and more »


Spend Management Experts Wins Supply & Demand Chain Executive Award
MarketWatch (press release)
ATLANTA, GA, Feb 10, 2012 (MARKETWIRE via COMTEX) -- Spend Management Experts today announced that founder and CEO John Haber has received the Supply & Demand Chain Executive's 2012 "Pros to Know" award in the provider category.

and more »


Advanced task managers on iOS
CNET (blog)
by Jason Parker February 10, 2012 12:00 PM PST Follow @jparkerCNET There must be hundreds, if not thousands, of to-do-list management apps in the iTunes App Store, but which one should you choose? I found a couple of new task management apps recently ...

and more »


Waste Management Employee Who Works Tirelessly to Save Dogs Receives Top ...
MarketWatch (press release)
10, 2012 /PRNewswire via COMTEX/ -- As part of its annual recognition of community service, Waste Management of Michigan/Ohio has selected Deanna West of Lake Orion, Michigan to receive its most prestigious community award as "Volunteer of the Year" ...

and more »


Schultze Asset Management Founder George Schultze Delivers Key Comments in ...
MarketWatch (press release)
10, 2012 /PRNewswire via COMTEX/ -- George Schultze, Founder and Managing Member of Schultze Asset Management, LLC ("SAM"), was a key speaker today in Harvard Business School's Creating Value Through Corporate Restructuring course taught by Professor ...

and more »


MiamiHerald.com

Oracle to Pay $1.9B for Taleo, Extends SAP Rivalry
ABC News
Oracle Corp. is escalating its rivalry with German business-software maker SAP AG with a $1.9 billion purchase of Taleo Corp., a company that helps businesses hire and manage their employees. The proposed purchase announced Thursday extends Oracle's ...
Oracle to pay $1.9 billion for personnel software company, extends rivalry ...Washington Post
News Analysis: The Implications Of Oracle's Acquisition Of TaleoForbes
Oracle Buys Taleo for $1.9 Billion, Adds Human-Resource ToolSan Francisco Chronicle
Data Center Knowledge
all 482 news articles »


Reuters Blogs (blog)

Why Mark Zuckerberg shouldn't listen to management gurus
Reuters Blogs (blog)
Any company, in the wake of an IPO, finds itself growing new and previously-unnecessary layers of management, especially in areas like the general counsel's office, investor relations, and public relations. But for the Welches, that's not enough: extra ...
Resisting the Facebook NationMotley Fool

all 367 news articles »

Google News

home | site map
© 2006