McDonald's once tried to increase the sales of its "milkshakes" and did their
job as paper does say, conducted interviews with customers asking them
what would encourage them to buy more. Do they increase chocolate, make a
product with less sugar, make it more light, make it more heavy, make it healthy?
The important thing is that all the information they collected did not succeed
in increasing sales.
They asked Harvard Business School to help them, and this is where a new marketing
theory emerged. Harvard was at the time developing a theory called Jobs to be
Done, this theory was looking for the product to perform a specific function
for the customer, and this job could be completely different from your vision
of developing the product. And if you can understand this job, it will make a
difference with you in every need.
The important thing is that Harvard did a first study on buying times, and they discovered
that a large sample of milkshake sales are in the very early morning. And they
asked the customers, “Why do you buy milkshakes right now?” The customers said
that the work journey is long and boring, and they need something to entertain
them on the road and satisfy them until they break their fast, and it is easy
for them to catch it while they are driving.
The second question was, if you don't buy a milkshake, what can you buy? The
answers ranged from sandwiches (but difficult and the one was driving) or
donuts (and it could ruin the world and deliver the work with chocolate spots),
for example, or Snickers chocolate (but you get rid of quickly) or coffee for
example .
McDonald's understood how they can increase sales.
How can make it so big that it takes the whole line with you, how can make
the order and pay faster so that you don't get stuck, and how can increase a
few pieces of fruit in it so that they change the daily driving routine while
you chew them.
In fact, sales have increased a lot, and may also understand why a cup of
coffee on the road is so big because its goal is to entertain you on the road,
not just a delicious cup. This was the "Jobs to be Done" theory of
its owner Clayton Christensen, one of the most famous economists throughout
history, and the author of the theory of Disruption Technology, which qualified
him for the title of the most influential economist in the world.
Thursday, January 13, 2022
How to Increase: Sales
Wednesday, October 27, 2021
Sales navigator
How to Use LinkedIn Sales Navigator to Generate Leads
LinkedIn Sales Navigator is an essential tool for B2B sales professionals looking to target the right prospects and generate quality leads. TetraScience, a leading company in life sciences, uses Sales Navigator to grow its outreach by identifying key personas and creating an account-based marketing (ABM) strategy. Below, we explore how TetraScience leveraged this powerful tool for success.
How TetraScience Used LinkedIn Sales Navigator for Lead Generation
TetraScience needed a way to target the right personas within the life sciences sector, aiming to reach executives with decision-making power. LinkedIn Sales Navigator enabled the company to identify and connect with potential buyers, refining their outreach through advanced search filters.
Implementation Strategy
Using Sales Navigator’s account search functionality, TetraScience identified financial buyers in life sciences. The advanced search tools allowed them to narrow down their target audience based on company size, industry, and geographic location, significantly improving lead quality.
Results of Using Sales Navigator
Since adopting Sales Navigator, TetraScience has experienced a 5.3x increase in deal size, with 74% of its CRM deals influenced by the platform. The ability to connect with key decision-makers and understand their organizational hierarchy has been instrumental in their growth.
Benefits of Using LinkedIn Sales Navigator
- Precision Targeting: Advanced search filters help identify relevant prospects based on industry and company size.
- Lead List Management: Organize leads effectively with Lead Lists and stay on top of your sales pipeline.
- ABM Integration: Easily identify and approach decision-makers, improving the success rate of account-based marketing strategies.
- Real-Time Data: Ensure your lead information is always up-to-date with real-time data on prospects and their organizations.
Conclusion
LinkedIn Sales Navigator has proven to be a vital tool for companies like TetraScience. By refining their prospecting approach and targeting the right individuals, they have enhanced their sales processes and achieved significant growth. Whether you're just starting with Sales Navigator or looking to optimize your strategy, its features can help you stay ahead in today’s competitive business environment.
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