Stats on U.S. Manufacturing

July 4, 2016

By Rachel Kerstetter, PR Architect

The Fourth of July is more than fireworks, parades, cookouts and a day off. It’s a day that we recognize our country’s independence.

All of the red, white and blue that comes out for Independence Day brings the topic of “Made in the USA” to mind.

Did you know…

  • Every $1 spent in manufacturing contributes $1.40 to the economy? This is the highest multiplier effect of any economic sector.
  • The majority of manufacturing companies in the U.S. are small? Only 1.4% of firms in the manufacturing sector have more than 500 employees.
  • Manufacturing supports 18.4 million U.S. jobs? That’s about 1 in 6 private-sector jobs.
  • In 2014, the average manufacturing employee made $79,533? That’s more than $15,000 above the national average for all industries.
  • Over the past 25 years, U.S.-manufactured goods exports more than quadrupled?
  • Taken alone, manufacturing in the U.S. would be the 9th largest world economy?

These stats came from NAM (the National Association of Manufacturers). You can find these and other facts about U.S. manufacturing on their website.

If you’re also thinking about U.S. Manufacturing today, check out these other posts on the topic:

Have a safe and happy Fourth of July!


Creativity is the Key

June 29, 2016

By Chris Ilcin, Account Superintendent, Sonnhalter

It took creativity to start your business, and it takes creativity to keep it running every day. So why not apply that same creativity to the greatest challenge facing the manufacturing industry: the lack of skilled tradesmen and tradeswomen?

The time to act is now. Waiting for someone else to plug the hole simply won’t work. Schools’ budgets are squeezed too tight. Government agencies are interested in quick fixes, not long-term solutions. You need to find the next generation of workers.

You have two huge advantages: as a manufacturer you’re used to seeing a problem from all angles and creating a solution. And your jobs are actually cool. They allow people looking for a challenge to use their minds and hands together to build something.

So how do you reach future workers? Show off what you do! Take this example from Birmingham Georgia. A normal company would just see this as another contract. Another job. But BL Harbert saw an opportunity. The Barber Vintage Motorsport Museum is one of the most innovative museums in the world. Why not use it as a draw to show how their skills and abilities help make it that way?

via Alabama News Center

Partnering with Go Build Alabama, they arranged for 120 students to get an exclusive behind-the-scenes tour of its museum expansion. Now, we can’t all be working on projects at cool museums, but believe me, much of what you do looks really cool to an outsider, especially when placed into the larger context of what it’s helping to create. I wish I could have seen a CNC machine in action when I was 16 or even a welder or PEX pipe. When you see what a little creativity can do to make the world a better place, or just to improve on an existing solution, you’ve captured someone’s imagination. And when you show them that they, too, can be a part of it, you’ve created a skilled tradesman.

Ready to get started?

Download Sonnhalter’s database of 20,000+ vocational education programs.


Why Manufacturers Should Personalize Content for Professional Tradesmen

June 21, 2016

By John Sonnhalter, Rainmaker Journeyman, Sonnhalter

While there are plenty of reasons to use automated technology to manage leads through the sales funnel, there comes a point when personalized content needs to be used to reach contractors and professional tradesmen.

Contractors need answers to specific questions whether it’s product or application related. They normally are looking for this relevant info and personalized content is an excellent way of delivering it.

There are benefits to using personalized content. More than half of senior marketers worldwide polled in CMO Council’s June 2015 survey said that using enriched or personalized content and digital interactions brings higher response and engagement rates.

Leading Benefits of Using Enriched/Personalized Content and Digital Interactions According to Senior Marketers Worldwide, June 2015 (% of respondents)

So what are you doing to personalize content to the professional tradesmen? Are you addressing their concerns? Do you know what those concerns are?

Send your sales staffs out in the field and get a better read on what the tradesmen are looking for…don’t assume you know.

 


5 Key Metrics for Measuring Trade Shows

June 15, 2016

Trade show season is upon us and for those of us that are still going to them, you know that the costs to play aren’t going down. That’s why ROI and documented metrics are so important. I talked to Vince Tricomi recently to make sure his post from a year ago still was appropriate and he assured me it was, so I thought I’d remind us all of these metrics.

Today, we have a guest post from Vince Tricomi, VP, New Business Development at PFI Displays on ways you can maximize your efforts. Enjoy.

Most of you participate in various trade shows from time to time. If you do, you know that they can be very expensive and management is always looking for a ROI. That’s why it’s important for sales and marketing to work together to make sure they get the best bang for the buck.

Except for a lucky few who still write orders at trade shows, most exhibitors can’t tie a specific revenue-generation figure to their trade shows.

That’s OK though. Consider how marketers tie sales figures to a magazine ad:  They can’t, and that’s why they measure things like impressions, reach and awareness.

Trade shows offer plenty of measurement opportunities for the savvy event marketer. Some of these metrics are firm, others are calculated estimates, but they can be combined to create clarity into the effectiveness of any trade show program, large or small.

Here are a few of our suggestions:
1. Leads: 
a. Let’s get this easy one of out of the way
i. Don’t mess around with collecting business cards
ii. Renting a lead retrieval machine that loads your lead data on a flash drive is money well spent
b. SAVVY TIP: Break these leads down into A, B, and C categories for better insight into the show’s quality.

2. Cost Per Lead:
a. Take the total cost of your exhibit investment and divide it by the total amount of leads collected
b. Compare this to other marketing efforts to see how your show stacks up
c. SAVVY TIP: If you exhibit at multiple shows, this metric also shines light on the comparative effectiveness of each show.

3. Demonstrations:
a. If you’re launching a new product, consider giving one-on-one or group demonstrations
b. Count how many demonstrations you give and how many audience members listen or interact
c. If you’re doing multiple presentations each hour, you’re having a great show
d. SAVVY TIP: Find out from the VP of Sales an average cost of a trip for a sales person to give a demo at a prospect’s office. Compare that with the show’s average cost per demo, and suddenly trade shows look like a bargain!

4. Website Traffic:
a. Know the average visitors to your website before the show, and compare that to the visitors during and immediately after
b. Pay special attention to the pages for the products and offers you featured at the show
c. SAVVY TIP: Don’t forget that trade shows are about face-to-face interactions. Generating web traffic is a great metric, but for most exhibitors it shouldn’t be the main goal.

5. Press Mentions:
a. These hold special appeal, and therefore more “weight” as a viable metric, for all classically trained marketers
b. SAVVY TIP: With the abundance of trade magazines, writers, and bloggers at every show, if you’re not getting mentioned, something is wrong; try setting up interviews and press walk-throughs well before the show.

6. Post Show Appointments:
a. In today’s hectic, time-starved business world, one of the hardest challenges faced by every salesperson is securing a face-to-face appointment
b. Commit the sales team to informing you of every show lead that generates a follow-up appointment
c. SAVVY TIP: You’ll have friends for life if your shows facilitate setting post-show meetings. Think creatively about a space in your booth dedicated solely to this endeavor.

Whoops; did that headline say “5 metrics?”  Consider the last one a bonus.  As you can tell, these suggestions are only the tip of the iceberg.  Please share some of your favorite, and most effective, metrics with us.

In closing, leading full service exhibit companies, like PFI Displays, offer innovative, easy to use software tools that will help you measure your shows—and do a lot more, too.

I’m sure you can add to the list and I’d like to hear ways your company is measuring the effectiveness of trade shows.

If you like this post you might like:

5 Ways to Improve your Trade Show ROI

New Study Shows Best Way of Reaching Manufacturing Professionals


Do You Have a Company LinkedIn Page? You should.

June 7, 2016

By John Sonnhalter, Rainmaker Journeyman, Sonnhalter

LinkedIn is a business platform and although it’s set up for individuals, companies can and should have a company page. It allows your company to have a snapshot of who you are and helps you connect with your audiences.

Yes, LinkedIn has been used primarily in the past for people to network, but remember, not all folks on LinkedIn are looking for jobs.

LinkedIn Company Page

I recently read an article from socialmediaexaminer.com on 7 Ways to Improve Your LinkedIn Page and I wanted to share some of their 7 insights.

  • Brand recognition − Use your company logo and colors that define your brand. Create a custom background image to set you apart. Incorporate your main URL and phone number too.
  • Focus message – Instead of taking the about us from your website, tailor the description that speaks directly to the people who are visiting your page.
  • Improve search  Under the specialty section, add key words/phrases. You need to make your page easy to find.
  • Stay in front of your prospects – Post relevant content on a regular basis and create custom images to set you apart. You have three options for sharing: 1  Push it to everyone that follows you, 2  Target specific groups (if you have enough in each group) and 3  Pay to sponsor the update to attract new followers.

Start promoting your page on email signatures and even send an e-blast out to your current database with a link to your page. The key is don’t miss this opportunity.


Contractor Email List – Do You Have One?

June 1, 2016

By John Sonnhalter, Rainmaker Journeyman at Sonnhalter

tradesperson-cement

Let’s face it, we’re all in this for the same reason. To talk with people who share the same interest. We must always be tweaking and improving what we deliver.

Warranty cards and trade show leads are a start but we need to be more creative. Salesmen visits to job site are a good way to start a conversation.

So in order to get them to give up their email, we better come up with some interesting and helpful stuff that will make them want to read our emails for future gems.

It’s not only what you have to say, but how you say it. Beyond being potential customers, these contractors can be your best friend by sharing it with their peer group. Remember contractors need to know, like and trust you before any meaningful dialog will start.

Here are some tips to building a better list of contractors and tradesmen:

  • Think like a contractor  What are their pain points? Give them practical solutions. Always answer the question, “What’s in it for me?”
  • Talk like a human – Don’t use marketing or sales speak. Keep it conversational.
  • Give them a reason to sign up – Sneak peeks at new products, exclusive product demos.
  • Ask the contractor what they want help with – Get engagement from the audience you want to reach.
  • Don’t be afraid of humor – People like to smile and it shows more of your human side.
  • Reach out to contractors – On a regular basis, randomly pick several contractors and have a product manager call and pick their brains on possible new product ideas.

Emails are back and stronger than ever if we do them right. Remember, you’re not looking for a big list, but a good one.


How Many Calls Does it Take to Make a Sale?

May 31, 2016

By John Sonnhalter, Rainmaker Journeyman, Sonnhalter

770_3980835-phone

We’re all focused on generating more leads these days, but I find it ironic that most companies don’t do much with them once they get them. Simply fulfilling a request is not the answer, but yet many companies do just that.

According to a recent survey of people who have requested info suggests that 80% of all sales are made on or after the third contact. The survey conducted by Marketing Best Practices, Inc. polled over 700 respondents with only 8% buying after the first call.

David Frey, the senior content editor and author of several marketing books advises, “An educated prospect is your best prospect, and if they haven’t become a customer it’s because you haven’t fully educated them on the value of your product and developed a relationship of trust.”

Why do many businesses have a problem following up with their prospective customers? Mr. Frey explained, “The problem is not that small businesses don’t have the capacity to follow up with prospects, it’s that they don’t have the systems in place to do it well.” In his recent newsletter, “Follow-Up Marketing: How To Win More Sales With Less Effort,” Mr. Frey advised, A good follow-up marketing system should have three attributes:”
1. It should be systematic.
2. It should generate consistent, predictable results.
3. It should require minimal physical interaction to make it run.

This leads to a more pressing issue and that is, what is the difference between sales lead management and a CRM tool? According to Russ Hill, President of Ultimate Lead Systems:

Sales lead management is a sub-function within an overall CRM strategy. Traditional CRM programs like Salesforce.com, SalesLogix, ACT, Goldmine, Maximizer and others focus on the sales person entering and managing his own data and pushing it “up” to management.

Sales lead management starts with management generating and capturing leads from all sources, fulfilling information requests and delivering them to the sales channel and tracking follow-up and sales results to measure marketing return-on-investment.

Here are some other interesting facts:

INQUIRIES MEAN NEW BUSINESS!
67% of all inquiries are from legitimate prospects with real needs.
34% have current needs that must be satisfied within 6 months!
70% did not know the company made the product before seeing their ad. . . making them NEW PROSPECTS!

A six-year study* of nearly 60,000 inquiries conducted by Penton Media Company also found that:
43% of inquirers receive literature and information too late to be of use.
72% of inquirers are NEVER CONTACTED by a salesman.
25% of sales contacts are made at the inquirer’s request.
40% of inquirers purchase the advertised product, a competitive product or change their suppliers.
* NED Reader Action Reports

The key is to get a lead management system in place that can help your CRM convert those leads into sales.

If you like this post, you may want to read:

B-to-B Marketers: Why it Takes More than 3 Calls to Make a Sale

B-to-B Marketers: What are Your Most Effective Sales Channels?

10 Engagement Tactics That Will Help B-to-B Marketers 


Follow

Get every new post delivered to your Inbox.

Join 802 other followers