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torsdag den 7. december 2023

Aligning Sales & Marketing

Do you ever feel like your sales and marketing teams are on opposing sides? 

It’s been a constant battle for decades for many business owners. These two “sides” always seem to be chirping at each other… 

“These leads aren’t good.”  

“You don’t use our content properly to sell.”

Tell me something…Is this representative of your sales and marketing teams? 

WATCH THIS FUNNY VIDEO 

However, the real question is… 

Does it actually matter if your sales and marketing teams are aligned? 

Will that really help you SCALE your business?

I can simplify those answers for you in a few bullet points:

  • You absolutely need sales.
  • You absolutely need marketing.
  • You ABSOLUTELY need them on the same page.
  • Period. 

Sure, you’re selling. Revenue is there. But it’s just OK. 

Just OK is NOT how you are going to scale your business. 

At this point you might say, “Well look, if I’m selling, I’m selling. Marketing does their thing, sales does theirs.” 

And I’d agree, that works to a certain point. Say, up to about  $2M/year. Beyond that? 

No. 

Why does the alignment matter? Because sales people need the right assets to start and then continue conversations to build relationships

Cohesion is needed on all fronts: branding, messaging, and especially offers. Remember, when a prospective client senses any type of inconsistency, trust is BROKEN. 


A great example is a pretty big insurance company a few years back. The sales team were ignoring everything the marketing team was creating–in fact, they were creating their own assets. Nothing was brand aligned, nothing was on-message with what the company’s marketing conveyed. 

Basically, everyone was selling from a different playbook. 

It worked for a while, but it crashed and burned. Buyers talked. People were getting different info, angles, and deals from different salespeople. 

Nothing was consistent. What eventually happened? 

People ended contracts. Eventually the brand was sold for pennies on the dollar to an apex player. 

The lack of cohesion killed them. 

What else can you do to better align your sales and marketing?


Two things. 

Incentives & Culture

Incentives are often overlooked by business owners. As a company scales, the folks at the top are generally the first to be taken care of – so they don’t always remember to create an incentive structure for the rest of the team that are in “the trenches”. 

It’s important that this incentive is one that motivates everyone to work together to reach both the short and long term goals of the company.  

Truthfully, sales and marketing have different incentive structures by nature. Sales is much more trackable. You sold A and B, or you didn’t. You sold them within this quarter, or you didn’t. Your pipeline is XYZ, or it’s not. 


Marketing is much harder to track. We have more marketing analytics than ever before in human history, but we don’t use them as well as we could. (A topic for another newsletter.) We’re not always sure whether A-piece of content or B-video or C-infographic or D-banner at the trade show drove those prospects into the funnel. 

We think we know, and we claim to know, but it’s not always as obvious as we want to believe.

Business loves “what’s measured is what matters.” So we focus more on sales, especially when there’s pressure from investors or the market. 

When we focus too much on sales metrics (and ignore marketing), and a strong company culture doesn't exist, it results in a few negative off-shoots. 

A lot of times in a company where revenue generation is seemingly the one and only metric goal, all the other important aspects of a business – customer satisfaction, employee connection to the mission (and eventual employee turnover) – fall by the wayside. 

Entrepreneurs can become overly-focused on immediate success instead of what long-term success would look like, and as a result, they might not even be a company in 8-10 years. 

Specifically at the sales and marketing levels, we see some flare-ups too:

  • Sales starts treating marketing like their admins (example: “Schedule these calls for me.”)
  • Marketing gets laid off because their ROI can’t be proven in tight, stressful windows. (And honestly, many Entrepreneurs we’ve worked with don’t even set up their analytics properly. They can’t prove ROI on anything outside of sales. That’s a bigger topic, again for a different newsletter, but–it’s definitely a problem.)


It’s a race to the bottom.

I’ve seen Entrepreneurs do pretty creative stuff around incentives…

 Extra days off, beer gardens, taco trucks, KPI-tied bonus structures. Those all work. But always remember, we can always go a step further… 

All of us want to belong to something. It’s a core principle in the hierarchy of needs. 

Oftentimes, the simplest incentive is respect and recognition and acknowledgement of a job superbly done. 

A few years ago we integrated something called “snaps” (and I can’t take credit for this idea, it all goes to Chris Tuff, author of The Millennial Whisperer)

He says rewards and recognition are essential in any organization. They don’t have to be financial either. Chris calls out his team members in meetings, and gives them “snaps” for the good things they are doing in the company.

We took it a step further…

We encouraged each team member to give “snaps” to other team members when they do something worthy of recognition. 

We then added a quarterly award for the team member who got the most “snaps”. 


9 plus years of doing this, I can see the enormous impact that positive accountability has created within our team around our culture. 

Going above and beyond had become “THE” standard amongst the team. Performance soared. The team was happier than they’d ever been. 

Everything was just BETTER. 

It’s all about Culture

Companies miss on culture because it’s a poorly-defined word, almost amorphous in many organizations, and Entrepreneurs are often product people or idea people – they don’t always know how to corral the fluid energy associated with culture. 


When you are missing culture, chances are you also have high turn-over, which makes it nearly impossible to align sales and marketing. 

Here are some things to think about regarding both pieces of this puzzle…


Consider these questions on the incentives piece:

  • Is your head of sales meeting with your head of marketing at least once a week to discuss wins and pain points? (If this role is the same person, are they meeting with people from each team once per week?)
  • How can those in marketing earn more as the company scales?
  • What is sales’ biggest win and biggest complaint about marketing?
  • What is marketing’s biggest win and biggest complaint about sales?
  • How often do the two sides meet and discuss their goals, individually and collectively?
  • How transparent are the metrics everyone is being evaluated on?

Consider these questions on the culture side:

  • What is your culture? Can you define it?
  • Do you have core values?
  • Can people on your team recite those core values without checking your website? 
  • What activities, remote and in-person, shape your company culture?
  • How often are you talking with and involved with all your team members?
  • What’s the most fun thing about working with you, and your company? 
  • What do they tell their friends at happy hour about working in your company?
  • How often do you revisit this idea of culture and reshape it?


These are big questions and they take time, and they look different at different growth stages. A company with five employees and $2M has a different culture and incentive structure than a company with 200 employees and $3B. 

You may prattle on about “the DNA” of your culture, but the jump from $2M to $3B changes virtually everything, and it’s best to lean into that reality as you go.

So where do we come in? Well, the good news for you is, we’ve been doing all this stuff for decades now, collectively. We maximize sales and marketing output all the time, and work with teams on culture (and even now hiring) daily. 

We put much of this under the umbrella of strategy, but we can also help with the nitty-gritty around Leads on Demand and more.


If you want to build an Infinite Business that people enjoy growing with and yet still make money hand over fist for your own family’s legacy to prosper, you need the right people, incentives, and culture. That’s what we do, so let us know if you want our help to get you there. 

Simply reply to this article and we’ll set up a time to chat. 


To your success, 

David 

P.S. Recruitment and Hiring is the #1 Entrepreneurial Blind Spot which is why most avoid it like the plague… 

Let’s face it, the entire process can be utterly frustrating & time consuming, AND often results in attracting and hiring the WRONG talent for your team and/or business. 

But what if ALL the heavy-lifting was done for you, and you were only handed the highest qualified candidates that checked every box you were looking for? 

Head to this link to see if Nitrogen Hiring Network™ could be your talent recruitment solution. 

P.P.S. Not sure how to find and attract more of your ideal clients? If you have a proven high ticket offer, we know EXACTLY how to fill your pipeline with a constant stream of qualified and highly-motivated leads through our exclusive Leads on Demand™ program.

Simply click this link for more details.

Business Nitrogen

søndag den 3. december 2023

Is your team scrambled eggs or an omelet?

When making an omelet, you definitely need eggs (it’s the key ingredient, right?).  You also need a stovetop, a pan, oil, and any preferred ingredients like pepper, salt, cheese, peppers, etc. 

It’s not a technically an omelet without all those other ingredients…

It can't be cooked without heat…

And a pan puts it all together…

You need all these things, or you just end up with scrambled eggs. 


While eggs are the main ingredient, the other ingredients are pretty indispensable in the process (if you truly have your heart set on an omelet). 

I’m going to use this same analogy when it comes to a company structure. Let’s think of different talents on your team like different “ingredients”.


Different talents are needed in a company to make the business “work”. Just like different ingredients are needed to make a proper omelet. Each ingredient has a “job” just like each person on your team has a “job”. 


For example, the marketing director on a team has a completely different set of job responsibilities and skill sets than say an implementation or project manager does.  

All these different team members (each with their unique set of abilities), are the ingredients, and therefore become crucial to the company’s sustainability and growth. 

Oftentimes, Entrepreneurs don’t hire the right talent for their teams (which can be just as dangerous as missing the right talent for their teams).

Not hiring the right talent can be the result of many actions (or inactions). 


Let’s concentrate on one of the biggest right now, which is the lack of clarity on exactly who and what is needed. 


Entrepreneurs are usually 100% clear on the problem they need to solve (example: convert more sales, higher ROI on marketing, implementation, etc.). But what’s not clear are the qualifications, skill set, and experience to look for in the candidates they need to attract. 


Are they qualified? 

Do they have the skillset? 

Do they have the experience (have they done it before?)


All of these questions must be addressed when qualifying candidates for any position in your company. 

Since most aren’t clear on the “who” or  “what”, they don’t know how to properly qualify that person for the particular role. 


By overlooking this vital step, they end up hiring a “generalist” not a “specialist”


When they aren’t clear on what exactly they need, they also gravitate to individuals that have similar characteristics to themselves. 


Let me give you an example… 

Entrepreneurs are drawn to people like themselves (people who possess a burning passion and people who love to generate ideas just like they do). 


Now, don't get me wrong, it’s incredibly invaluable for your team members' ideas and passion to align with yours. In fact, that means you’re all on the same page and you don’t need to do a lot of work aligning them into your mission and long term goals.


Here is the challenge though with hiring people with ONLY your similar strengths, and tell me if this sounds familiar… 

During company meetings, everyone of these team members bring ideas to the table. 


Amazing ideas! 

Brilliant suggestions that could transform your business into a billion dollar venture. 

You all keep the excitement going and continue ideating and brainstorming about all the great things you can and will do.  

But you know what happens next…

No execution. 


Those amazing ideas live there on paper (or on a recording) just waiting to be implemented… 9 times out of 10, those ideas will never see the light of day.  


That’s because when you have an entire team of idea generators and visionaries, and no one to implement and project manage all those ideas, that’s all they are… Ideas. 


Unfortunately, the vicious cycle continues, and the business doesn’t move an inch forward.  

You then start to question the ability of your team…You might wonder what’s wrong with them… Why can’t they get these great ideas implemented?! 


You may have hired passionate individuals, but you didn’t hire them correctly for the roles you REALLY need to fill in order to make things happen and get things done.  


That perfect “omelet” results from adding all the proper ingredients.  Every hire you make for your team needs to be a specialist in a particular area you NEED in your business in order to scale it and propel it forward. 


Part of our rigorous qualification process here at Nitrogen Hiring Network includes using a tool called Predictive Index. 


This superior tool is incredible for evaluating the cognitive abilities, and behavioral tendencies of each and every candidate, to determine if they could be the right fit for each specific role.


If one understands the “what” and the “who” of a specific role, the predictive index will help them measure applicants’ behavioral drives (dominance, formality, extraversion and patience) with incredible accuracy.


Again, it’s just one parameter we use in our qualification process for candidates, as it scores candidates against the range of behaviors and cognitive abilities needed for the role we create in the system.

For example, a media buyer you hire needs to be well versed in all aspects of executing high profile and complex paid social media campaigns on multiple networks. They need to understand analytics, and be able to make data driven decisions based on that data they are given. They also need to understand how to address the particular needs and desires of customer groups and cater to them by developing effective strategies.


Other parts of our qualification process include multiple interviews (skill set and culture fit), exercises to evaluate experience and skill set, and a slew of additional “Hoops” each candidate must jump through in order to avoid being disqualified. 


Yes, it’s a lot of work! But every single step is necessary if your goal is to build and grow a high-performing team that will get you to the next level in your business. It all begins with becoming crystal clear on the “who” and the “what”. 


It also means understanding and accepting you MUST hire people that have strengths in areas you don’t. 

That’s what makes an “omelet” team vs. a “scrambled” egg team. 

More next article…


To your success, 

David 


P.S. Recruitment and Hiring is the #1 Entrepreneurial Blind Spot which is why most avoid it like the plague… 

Let’s face it, the entire process can be utterly frustrating & time consuming, AND often results in attracting and hiring the WRONG talent for your team and/or business. 

But what if ALL the heavy-lifting was done for you, and you were only handed the highest qualified candidates that checked every box you were looking for? 

Head to this link to see if Nitrogen Hiring Network™ could be your talent recruitment solution. 

P.P.S. Not sure how to find and attract more of your ideal clients? If you have a proven high ticket offer, we know EXACTLY how to fill your pipeline with a constant stream of qualified and highly-motivated leads through our exclusive Leads on Demand™ program.

Business Nitrogen