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Sales & Business Growth Strategy Chak Ng

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Page 1: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Sales & Business Growth Strategy

Chak Ng

Page 2: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Why do you need investment in

marketing to grow sales?

Page 3: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Marketing and Sales Funnel

Page 4: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Traditionally Marketing and Sales Funnel

Page 5: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Now The New Marketing and Sales Funnel

Traditionally

Page 6: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Understand the relationship between Sales & Marketing

Page 7: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 8: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

A typical Sales and Marketing KPI & ROI

process

Page 9: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 10: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Know your numbers

Page 11: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Calculating the Lifetime Value of a

customer

Page 12: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Customers are your most valuable asset. ‘Lifetime Value’ is the true Total Worth of a customer to you!

Page 13: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Lifetime value of a customer

Page 14: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Lifetime value of a customer

Page 15: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Lifetime value of a customer

Page 16: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Lifetime value of a customer

Page 17: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Lifetime value of a customer

Page 18: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

How much can you afford to spend to acquire a new customer? How much will you spend to keep an existing customer?

Page 19: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Example of Sales and Marketing ROI

Page 20: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 21: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 22: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 23: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

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#thirstevents

Page 25: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

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#thirstevents

Page 27: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Calculating your acquisition budget.

Page 28: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 29: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 30: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

Calculating a marketing budget

Page 31: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

Page 32: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

4 strategy tips to writing a business case for

marketing investment.

Page 33: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

WHY: Know your why and purpose first. Have a Business Growth Mindset

Page 34: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

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WHAT: You need to take a holistic approach. Ensure alignment of Sales KPI’s and Marketing KPI’s towards an agreed ROI.

Page 35: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

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HOW: Shared sales & marketing strategy Investment on people, process and systems Strategic advice, managed sales & marketing and marketing automation.

Page 36: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

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WHERE: Best channels How much it takes to make an impact Focus on results

Page 37: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

5 Key takeways - Adopt an investment mindset.

Page 38: Sales & Business Growth Strategyinfo.alchemiseconsulting.com/hubfs/Thirst Event Mar 17/If you build i… · 4 strategy tips to writing a business case for marketing investment. #thirstevents

#thirstevents

●  Success starts with the WHY first, then commitment and investment to follow through.

●  Understand the relationship between sales and marketing

to integrate and work together. ●  Leverage the sales and marketing funnel process to

generate a strong ROI. ●  Assess your customer lifetime value and how to create

a budget. ●  Investment starts with a good sales and marketing

strategy and clarity of your key metrics and numbers