Marketing and Sales terms
Marketing and sales are two related aspects of a business. But most people aren't sure as to what should be classified as Marketing and what constitutes Sales. The same is true for many common terms we use but can't define.
We have below a list of common marketing and sales terms you need to know:
Lead – "A lead is a potential sales contact – an individual or organization that expresses an interest in your goods or services."
Sales – Taken as a department within an enterprise, sales basically functions "to 'sell what's in stock". The company has specific products or services and the job of Sales is to sell those things. Sales develops relationships with customers and/or channel partners."
Lead Conversion – "Lead Conversion is the process of converting a lead into an account, contact, and/or opportunity."
Closed Deals – Successful sales engagements. Basically, the term denotes an agreement wherein buyers, after making inquiries, purchase certain products or employ the services of entities selling them.
Lead Generation – A series of activities that are designed to stir buyer interest and generate engagements anchored on securing a successful purchase.
Lead Scoring – "Lead scoring is a methodology used to rank prospects against a scale that represents the perceived value each lead represents to the organization. The resulting score is used to determine which leads a receiving function (e.g. sales, partners, teleprospecting) will engage, in order of priority."
Lead Qualification – The process of determining whether a lead matches an enterprise's ideal client profile, in which case such a lead has a higher chance of committing to a sale.
Appointment Setting – This refers to a phase in the buying cycle in which an enterprise contacts prospects and "warms" them up for a sales meeting.
Prospecting – According to Entrepreneur, prospecting is essentially the process of "(reaching) out to qualified prospects and (moving) them through the sales cycle from cold to warm to hot."
Customer profiling – This refers to the task of scouting and identifying contacts that correspond to an enterprise's ideal client requirements.
Business list – This refers to any list containing names, email addresses, and contact numbers of businesses that can be guided through the sales cycle.
Account management – This is a set of activities that involve managing the accounts of high-profile clients. But Investopedia also explains that account managers provide "customer support, upselling, technical assistance and general relationship management."
Dialer – A tool allowing organizations to contact prospects automatically and determine whether such prospects are ready to accept a call or not by effectively filtering out answering machines and busy signals.
Marketing Automation – A set of technologies that allow business organizations to manage a high volume of customer data. To put it bluntly, such software systems allow organizations to undertake a variety of marketing tasks across a variety of audience engagement channels efficiently.
Pipeline – This is a representation of an organization's sales model dissected into steps. Depending on the organization's own definition of its sales pipeline, clients typically start from an initial contact and are guided through each succeeding step until they reach a point where they consider purchasing a product.du tam
Multi-channel Marketing – This is described as an approach that allows an organization to interact with its constituents through a variety of platforms or channels (for instance, email, social media, telemarketing, PPC).
Event Marketing – This is mainly a set of marketing tasks designed specifically to promote an event (for example, a trade show) with the intent of hitting a set number of attendances which the event needs to become successful.
This post originally appeared at Sales and Marketing Solutions.
The latest Facebook facts and statistics
The latest Facebook facts and statistics
Here are some fascinating numbers on a range of Facebook facts and metrics from mobile, revenue and a host of other facts to share in your presentations and wow your next dinner party guests.
- Every second there are 20,000 people on Facebook. This means in just 18 minutes there are 11 million users on Facebook
- On average there are 486,183 users a minute accessing Facebook from their mobile
- 79% of all users are accessing Facebook from their mobile.
- There are 745 million daily mobile users
- Facebook is adding 7,246 people every 15 minutes or 8 per second
- Every minute there are 150,000 messages sent
- Every 15 minutes there are over 49 million posts. To be precise 49,433,000 or 3 million posts per minute
- There are 100,000 friend requests every 10 minutes
- There are 500,000 Facebook “likes” every minute
- Facebook generates $1.4 million in revenue every hour
- Nearly 73% of Facebook’s ad revenue comes from mobile advertising
- Facebook earns $2.5 billion a quarter from mobile advertising
- People share 1.3 million pieces of content on Facebook every minute of every day
- In November of 2014 the number of video uploads to Facebook exceeded YouTube video uploads
- Facebook generated $12.47 billion in sales in 2014 (a rise of 58% year on year)
- Photo uploads are 350 million per day
- Users spend 21 minutes per day on average on Facebook
- 31% of US senior citizens are on Facebook
- 66% of all millennials (15-34 year olds) use Facebook
- People spend 927 million hours a month playing Facebook games
- There are 1 billion mobile app links enabled on Facebook
SEO Isn't Just Google SEO
SEO and Google have been synonymous - while most SEO tactics and approaches are search engine agnostic, they often get tied to Google SEO ranking. It's fairly obvious why this is the case - Google is the most popular search engine with 67.3 percent of market share according to comScore. Google also addresses (and condemns) SEO efforts more frequently than other engines. But SEO isn't just for Google, and really isn't just for search engines, either. Every social media network has some type of search functionality. As social media usage has risen, so has the volume of searches on these networks (YouTube is the second largest search engine behind Google and Twitter receives 2.1 billion queries per day).
Consider how SEO principles can be used to impact ranking directly on the various social media channels. They may not be as clear and researched as Google ranking factors, and may not be as easy to impact (Facebook has stated that their News Feed has 100,000 ranking factors. That makes Google SEO a piece of cake by comparison!), but there are still plenty of opportunities for increasing visibility of your brand and content within the social media channels themselves.
As the search engines become more sophisticated at interpreting search intent, delivering relevant results, and fighting organic spam, the Google SEO tactics of yesterday no longer cut it. To understand what is popular, relevant, and credible, the search engines are turning to social media. And so too must brands. These seven approaches are just a small glimpse into what the future holds for the integration of social media and SEO.
Content Marketing Strategy
Content marketing strategy
Content marketing has emerged as a powerful digital marketing force as social media has redefined and democratised publishing and marketing. It is also being driven by the increased priority by Google and search engines to ranking quality content in search results. Contagious content marketing can lead to online authority, brand awareness and increased sales.
Where do you start?
If you break it down to its two core essentials it needs:
1. Content creation: To create authority and brand awareness online, organisations need to become “publishers”.
2. Content amplification: After creating and publishing then you need to make the content spread. This means distributing and promoting your content. This takes social networks.
Brands both corporate and personal need to create and publish content. This requires a planned approach to do this well. But as we all know the devil is in the detail. That is where the magic happens. Planning followed by “execution”
Who should be doing content marketing?
Large or small, businesses that sell to other businessses (B2B) and those that sell to consumers (B2C). Content marketing works well across many industries.