Daily Archives: March 9, 2012

The Importance of Storytelling in B2B Sales & Marketing | North Salem NY Real Estate

So let me tell you a story.

Once upon a time, I started a BLOG and started writing about my views and experiences as a B2B sales and marketing junkie. After 30+ years in the field, first 20+ working with a number of software companies in every aspect of field operations and then 10+ as a consultant, I felt I had something to say so I did what every warm blooded marketer feels they need to do and started cranking out CONTENT. First a web site, then BLOG posts with a few choice podcasts and webinars. A couple of plum conferences in front of live audiences; interviews for trade pub articles and some articles and white papers of my own. Lots of arguments and opinions supported by facts and stats and use cases.

But what is the end game of all this content creation and publication? Followers? Likes? Retweets? In my case, it’s all about building trust with my audience and to find buyers and influencers who believe what I believe. God knows we have created mountains of content and information to supposedly make it easier for buyers to buy. Buyers should be able to defend their decisions as intelligent and authoritative, but are they?

But Are We Telling Good Stories?

It depends on how you measure and from whose perspective … yours or your buyer? My head, or my “thinking brain” says yes, but my gut, or my “emotional brain” says no. I had been feeling this way for a while, then I read a fascinating book and attended the author’s workshop. It was a “eureka” moment for me.

The author is Mike Bosworth, legendary creator of Solution Selling and Customer-Centric Selling. The book is entitled, “What Great Salespeople Do: The Science of Selling Through Emotional Connection and the Power of Story”. Now the importance of storytelling is not new for sellers and marketers. But when we look at how it influences buyer behavior and why it works, we see more clearly that there is a right way and wrong way to tell stories.

What’s the Secret to Good Storytelling?

The secret lies in making an emotional connection with buyers. Why? Because as Bosworth and co-author Ben Zoldan (Customer-Centric Selling) so expertly explain, “breakthroughs in neuroscience have determined that people don’t make decision solely on the basis of logic … in fact, emotions play the dominant role in most decision-making processes.”

I’ve always known this point to be true – it probably has been one of the keys to my success in B2B sales and marketing. However, reading the book and going through the Story Leaders workshop last week provided a field-tested framework for how to construct and deliver stories to build trust and rapport with buyers. I like frameworks. I use them all the time in my practice and have relied on them throughout my career. They feed my (sometimes overly) analytical personality … thirsting for information, facts and figures, logic, process-driven. Very left-brain though … the “thinking” brain.

But frameworks must be based on beliefs and points-of-view that prove out to be true. And ignoring the importance of establishing rapport may help explain why all of the sales enablement training and methodology programs have not raised the performance of those it was targeted to improve – the 80% of the sales force that only delivered 20% of the sales. Bosworth and Zoldan point out that recent research shows that the old 80/20 rule – where 20% of salespeople deliver 80% of the sales – is more like 87-13. The gap has gotten worse between the best and the rest of the pack. Ouch!

Marketers Need to Apply the Story Telling Teachings to Build Trust

I believe that successful content marketing strategies are about quality, not quantity. We need to tell our stories with authenticity and real passion in order to cut through the information overload that buyers are experiencing. Most company stories on web sites lack characters and people to make them real and believable – they don’t draw me in emotionally. What I like about Bosworth and Zoldan’s approach is that they actually teach you how to make your ideas, beliefs and experiences “storiable” using a proven story structure. Their approach shows marketers, as well as salespeople how to develop stories that overcomes buyer skepticism to connect with the emotional brain where trust is formed.

So that’s my story today. What’s yours?

Author:      Henry Bruce on the Web Henry Bruce on Twitter Henry Bruce on LinkedIn Henry Bruce RSS Feed

Henry Bruce is the founder of the Rock Annand Group, a client acquisition strategy consulting firm focused on the B2B software industry. Henry is a passionate B2B sales and marketing strategist and blogger who brings over 30 years of operational software experience to his engagements. Henry specializes in developing programs… View full profile

This article originally appeared on RockAnnandGroup and has been republished with permission.

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Bedford Hills NY Homes | Apple Unveils New iPad

The tablet market continues to heat up with Apple unveiling its next generation iPad on Wednesday.

“The PC is no longer the center of your digital world but rather just a device,” said Apple CEO Time Cook, in announcing the new iPad (not called iPad 3, as first rumored).

Indeed, the tablet has caught on in real estate, too. In the 2011 Center for REALTOR® Technology survey, when respondents were asked about the most valuable tool they started using in the last year, they cited the tablet most often. Respondents said the tablet, including devices like the iPad and Galaxy, help them stay connected, save time, and increase productivity. 

At a launch event on Wednesday, Apple announced that its newest version of the iPad will have a high resolution screen — four times as many pixels as the iPad 2 and a higher resolution than most standard TVs. It will also feature a high-resolution camera on the back. The new iPad will boast a faster processing chip and will be available in a super-fast 4G wireless version. It’ll be thicker than the iPad 2 to accommodate a larger battery due to the upgrades in the screen resolution.

The new iPad will be available starting March 16 for $499 for the Wi-Fi only version and $629 for the 4G version of the device, which will be sold by Verizon Wireless and AT&T. 

Meanwhile, Apple said it will be dropping its price of the iPad 2 to $399, in competing with lower-priced tablets like Amazon’s $199 Kindle Fire. 

Bedford NY Real Estate | Rising Rents Pinch Wallets in These Metros

Rents are rising nationally, and in some areas more than others. 

“We’re expecting continued rent growth, and as landlords push rents higher, we expect to see some movement of current renters into home ownership,” says Wayne Yamano, director of research at John Burns Real Estate Consulting. 

John Burns Real Estate Consulting analyzed the rent-to-income ratios in 40 major cities to identify where it’s costing the most to rent.  According to its analysis, the following cities have the highest rent-to-income ratios in the nation:

1. New York
Rent-to-income ratio: 52 percent
Median household income: $60,161

2. Los Angeles
Rent-to-income ratio: 36 percent
Median household income: $55,579

3. San Francisco
Rent-to-income ratio: 33 percent
Median household income: $79,076

4. Miami
Rent-to-income ratio: 29 percent
Median household income: $45,219

5. Detroit
Rent-to-income ratio: 28 percent
Median household income: $36,127

6. Boston
Rent-to-income ratio: 28 percent
Median household income: $76,731

Pound Ridge NY Real Estate | Florida MLS Makes REO Field Mandatory

A Florida multiple listing service is making a new REO MLS data field mandatory, requiring real estate professionals who are listing a bank-owned property to indicate it as such.

The Regional Multiple Listing Service, based in Palm Beach Gardens, Fla., and covering multiple counties, launched its new REO, searchable MLS field on Tuesday. 

While other MLSs have created similar fields to indicate bank-owned or short sales on listings, MLSs don’t often make it mandatory, and some agents opt to not fill it out. 

“We make every attempt to stay competitive with the demands in the marketplace and  easier for agents to find relative information,” Eric Sain, president of the RMLS, told Inman News. “This is one of those implementations. The neighboring MLSs around us already had a required ‘foreclosure-style’ field.”

More sites are adopting REO fields to make it easier for home buyers to locate such properties, which often sell at steep discounts.