Four common problems AEC firms have in marketing and business development 1) They do not provide adequate training in marketing and selling - or if they do, the wrong person is assigned to do the teaching. Only 22% of firms provide marketing training to all employees, most often in the areas of proposal preparation, and CRM systems use. Just 14% of firms provide actual sales training. 2) Technical staff does not have the time for marketing and sales activities. Utilization is the main performance metric tracked and emphasized. 3) Business development activities are not balanced with workload. Firms "turn off" business development when they are busy with work, and don't turn it back on until it's too late - when leads and revenue have already dipped! 4) The organization is siloed and marketing operates as a separate "support" entity from business development and project management. Four areas successful firms shine in marketing and business development 1) They know how to cross-sell effectively, and maintain good relationships with current clients. 2) They understand the market and have a large, well-detailed degree of information on past, present, and potential future clients. Just over half of all firms (52%) maintain a centralized file of data on their clients (that's not enough). 83% of firms have a CRM system, with an average of 9,023 names in it. 3) Successful firms begin with the end in mind - they understand revenue numbers, have sales goals, and also understand what activities will help them get projects. 4) They know their marketing metrics and use them to help predict future. Examples include the number of website views, the number of inquiries, proposal volume, hit rate, dollar value of new project opportunities, and so much more! Help us update these important statistics! Participate in the 2021 Marketing Survey and save 50% on any Zweig Group Publication. Click here to participate. |
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