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  • Digg It - Marketing, Lead Generation, and Research: A 3-in-1 Solution

    I Hate Cold Calls

    Long before I started my business, I realized that I wasn't good at telephone sales and that I would need to generate leads in another way. I developed a sure-fire way to generate those leads, interest in me, and my business, through the use of telephone market research.

    There are many benefits of doing market research including the ability to learn more about my target market's behaviours and opinions, honing mess
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    ages and presentations based on real, first hand responses, as well as, to test out new messages or theories prior to wide release.

    As a website developer and consultant, my large market is businesses and my main target group is small business owners. In order to contact these owners I would need access to their contact information.

    For my target market, I found a regional business development directory to be very complete including names,
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    addresses, phone numbers and website information. Some of the information was a little out of date but it was going to be far better than just cold calling to reach "The Owner or Manager" and get successfully past the front desk person etc. For other Business-to-Business companies I might suggest the local Chamber of Commerce or Business Association. Contact lists may be purchased or leased from outside sources, however, that is beyond the s
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    cope of this article.

    For a client of mine, who is in the property care and landscaping industry, I was able to suggest hitting the phone book in the areas he wanted to generate business in and call every twentieth or thirtieth name in the book. The only criteria his respondent had to meet, was that they are a homeowner or property owner. In his case, my client is located in a small town and most respondents would be homeowners. If he were
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    n a major city I would recommend that he be calling property management companies and target areas of the city with a high concentration of houses. Most cities still have their phone books broken down by community or borough.

    Developing the Survey

    The first step in this process was to develop the survey. To do that you first need to determine the subject of the survey. This should also relate directly to the message you wish to comm
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    unicate to the lead. For my company I wanted to find out one of two things, if the respondent had a website what were the circumstances, experiences and opinions of having it or if the respondent didn't have a website the circumstances and reasons for not.

    Tuning in the Respondent

    As you can see, these questions relate to only one specific service - websites. This allows the respondent to easily understand what subject area you are
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    alking about so that when you switch to providing your message they are already thinking about that subject. In my case, the respondent could easily tell that I was asking questions about websites, they probably figure that my business has something to do with websites.

    Keep Questions Open Ended

    The survey questions should be as open ended as possible. This is not scientific, as it cannot be quantified in small sample sizes, but it
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    is the best way to avoid leading the respondent to a perceived answer. They may feel that you are looking for a particular response. This can happen when you use a scaled response survey such as ratings of 1 to 5 or 1 to 7. In my own personal experience this type of survey is best left to academics. In most cases you are looking for opinions and experiences of an individual. Ask questions like, "Could you explain how you felt about the exper
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ence when you last purchased a car?"

    Keep Things Brief

    There should be no more than 10 to 15 questions on the survey. The fewer questions and the more open ended the better the dialogue with the respondent and the more valuable the information.

    The Wrap Up

    At the end of the survey when I ask if they are interested in more information about my company and services they already have an idea of what to expect and are more like
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    ly to be open to hear and receive my message because there is no surprise and I was not beating them over the head with message. I merely made them think about their website or lack thereof.

    Script = Professionalism

    Once you have developed your survey you should write a script. I know - I can hear your sighs now - you don't want to sound like a robot or just another telemarketer but the use of a script will ensure that you sound lik
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    a professional. The danger with a script is that it might not be conversational or may not consider the person on the other end of the phone. To avoid sounding robotic and like you are reading a script you should read it aloud to yourself. If you are unsure about how it sounds try it out on someone in your home or office. The worst thing you can do is to call up someone and start in with, "Uuuhhmmm, could I speak to - uuuhhmmm�"

    You
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    r script should include a brief introduction. In my case my introduction went like this, "Hello, Mr. Adams. My name is Jay Gilmore. The reason I am calling is that I am doing some market research for my business services company in your area and I wanted to get some feedback from fellow business owners, like yourself."

    Note that I didn't mention the name of my company. This shows the respondent that I am a person calling to talk to another
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    erson - people like to talk to people and not businesses.

    Removing the Common Objection

    The next words that come off the script are very important, "I am not going to try to sell you anything, and I just want to ask a few questions to help in planning my business."

    This has worked every single time to break through the, "I'm not going to listen to a sales pitch" instinct that so many business owners and consumers have developed ove
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    r the years.

    Ask for Their Time

    Now that I have broken through their resistance I am able to request permission and their time to do the survey. Be respectful of the respondent's time by making sure that the survey may be completed in less than five minutes. Tell them how long it will take - and be honest. It is not very professional to lie or mislead people about the time you are asking them for.

    Once the survey is complete you sh
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    uld conclude by thanking the respondent for assisting you with your research.

    The Marketing Starts Now - Actually it Already Started

    The marketing part is next. In closing you should briefly introduce your company and the service being marketed. An example would be, " Thank you Mr. Adams for all your help. I would like to let you know that my business, Joe's Flowers is a local flower shop that specializes in arrangements and designs
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    from North American plants and flowers. Would you be interested in receiving more information about our services and our company?"

    After answering questions in your survey about flowers and their buying habits they are probably ready to find more information about your company and its products or services. Get their mailing address and / or email address and any other information you require to send them the information you want.

    What
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    o Send

    Sending the information about your business can make or break this relationship. You have already gotten willing permission to send information to the respondent - now you have to send them something that will lead them to choose to buy your product or service or refer a friend or colleague.

    The contents of the information package - be it electronic or print- should be a letter of introduction and thanks for the participation in
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    the survey and some free and useful information that they will relate to regarding your product or services.

    This information package is a first step to an ongoing relationship that will allow you to nurture goodwill and relationships with people who are actually interested in your business. The respondents will be expecting some form of marketing message but don't overdo it. Pushing too hard to close a sale at this stage will not work wit
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    this piece. This is not a direct mail promotion so don't treat it as such. That being, said don't hesitate to place importance and urgency on the message. Use benefit oriented copy to entice readers to take some form of action.

    Follow-up Will Make the Sale - Well Some Anyway

    As you bring the respondents closer to your business's products and or services by providing valuable information and examples of how it can better their lives
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    many will choose to buy your products and services.

    Give Up The Cold Call

    You have now just read a great way to expose you business to new markets, new people, learn more about those markets and people, and get your message out - all with nothing more than a telephone and a list of phone numbers. What is best is that you were able to get people to willingly accept your message without the anxiety and resistance of a sales cold call


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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    Do You REALLY Want to Enter That New Market?

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