How to Sell Digital Signage - Step-by-Step Sales Techniques for Intel Technology Providers
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How to Sell Digital Signage Step-by-Step Sales Techniques for Intel Technology Providers March 2013 INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY
Digital Signage: A Rapidly Growing Market 2015 22 million displays Today 2 million+ networked out-of-home displays digit annual growth Double-digit Double $7 billion in annual revenues INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 2
Digital Signage: Applications Are Growing Digital advertising Wayfinding kiosks Check-in & search Gesture windows Shelf media Touch/gesture walls Smart workforce Interactive tables Check-out Big media INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 3
Resistance to Buying Even in a growing market — every sale can be a challenge He resists change: His company “Our current is in flux and signs and struggling to posters work figure out its jjust fine.” next step step. He thinks they are just He’s NOT displays for in IT—and showing ads. does NOT He’s done He’s in IT want IT a lot of and not involved. homework: happy about “I know what another I want.” project. INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 4
Making the Sale / What’s Required 1. Knowledge Big retailers use digital signs in their stores. So do small businesses, schools, colleges, hotels, restaurants, sports/entertainment complexes and more. Get to know specific markets—the l language andd hot h t buttons—in b tt i order d to t sell ll effectively. ff ti l 2. Education Digital g signage g g is familiar to most p people, p but not well understood. The technology gy is evolving g (displays, media players, software) and so are the form factors: traditional signs, touch screens, kiosks, embedded signs, menu boards, etc. Be prepared to educate your prospects and explain all the different possibilities for using it. 3. WIFM You may be selling to the owner of a company, the head of sales/marketing, the CFO—or one person who does all three. IT may or may not be involved. A decision maker may have an A/V background. Be prepared to tailor your sales presentation to different hot buttons. 4. ROI Digital signage is not just about flashy graphics and bells & whistles. It’s a significant investment that offers proven ways to increase sales, enhance customer experiences, turn inventory faster and much more. Talking technology alone won’t get you far—be prepared to talk value and bottom line impact impact. INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 5
Choose Your Markets Retail is still the biggest, but other markets are large enough to deliver big potential and opportunities to specialize. i li SOURCE: Northern Sky Research INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 6
Know the Industry Hot Buttons Match capabilities to specific industry needs Retail Medical •Shopper experience, ambience •Patient experience •Promote sales/merchandize effectively •Medical advice p •Upsell,, cross sell •Ambience: Entertain while waiting •Drive inventory turn: Overstocks/Out of Stocks •Ad revenue •Personalize the Customer Experience •HOSPITALS: Directions / Wayfinding Emergency •Bring “online experience” into the store; Enhance Sales Alerts Paging Security Floor /‘Bricks & Mortar’ Education Transportation Centers •Student St d t experience i •Traveler updates/scheduling •Campus Schedules/Event Information •Weather/news •Directions / Wayfinding •Simplify directions/ wayfinding •Weather/ News •Ambience: Entertain while waiting / queuing •Security Paging Emergency Alerts •Security monitoring, Emergency Alerts •Advertising Banking / Financial •Client experience Hospitality •Promote offers, branding •Ambience/Queuing •Enhance Guest Reception/Guest Experience •Updates on meetings, events, local activities •Simplify directions / wayfinding C Corporate t •Drive traffic to facilities (spa, restaurants) •Tenant experience •Weather/ News (Elevator/Welcome Boards) •News/weather •Menu Boards •Ad revenue •Ad revenue •Menu Boards (Cafeteria) •Security Emergency Alerts •Emergency INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 7
Understand the Different Applications Different companies will use the same technology in different ways Classic Interactive Digital Mobile Interaction Kiosks Digital Signage Signage Menu Boards Way Finding Office Welcome Guest Welcome INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 8
Be Prepared to Talk Value Replace Posters Sales Promotion Ambience Branding Customer Support •Streamline •More promotions based •Enhance customer •Continuous support for •Enhance service by communications on, seasons, experience brand via sign providing more ways to •Lower costs demographics, •Support sales placement, content and learn, engage and inventory price inventory, interaction interact •Respond faster to changes, etc. •Entertain while queuing changing markets •Support live sales/support Personalizing g Targeted Promotions Advertising Product Demonstrations Directions / Wayfinding Experiences •Drive sales of •Earn additional revenue •Use interaction and •Use education /demos •Simplify the customer overstocks, upsell by carrying 3rd party analytics to target to drive sales, enhance experience customers with related ads information and offers support and service •Drive traffic to increase products that enhance the sales •Link signs to experience, build loyalty •Opportunity for inventory/POS i t interaction ti and d ads d Customer Employee Monitor Operations Security Emergency Alerts Demographics Communications •Know K patterns tt by b age, •Get G t accurate t counts,t •Instantly I t tl know k if activity ti it •Use U strategically t t i ll •Use U sign i network t k ffor gender, time monitor traffic flow, is taking place “off placed displays for internal updates, •Use info for sales, behavior in key limits” alerting training, security alerts, operations, traffic flow locations •See patters of illicit •Enhance safety, etc. behavior—i.e., shelf comply with regulations sweeping INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 9
Put It All Together Retail Transport Hospitality Medical Education Banking Buildings Religion Signs Signs Signs TV Signs Signs Signs Signs Kiosks Schedule Schedule/Menu Signs Schedule /Menu Kiosks Elevator Signs Schedule POS Boards Boards Kiosks Boards Kiosks Boards Kiosks Kiosks Elevators Kiosks Elevator Signs Elevator Signs Promote Schedules Welcome Information Schedules Promote/ Paging Information Merchandize Directions/ Meeting Info Ads Information Merchandize Emergency Alerts (Sermons/Hymns) Analyze Wayfinding Directions / Directions / Directions / Ambience Menu Boards Paging Personalize Ambience Wayfinding Wayfinding Wayfinding Queuing (Cafeteria) Emergency L b li Labeling E t t i Entertain Weather/ News Ambience Weather/ Analyze W th / Weather/ Alerts Demos Queuing Ads Emergency News Branding News Branding Weather/ Security Alerts Emergency Security Emergency Training News Paging Alerts Weather/ Alerts Security Security Security Paging News Ads Ads Emergency Alerts Security Emergency Visual Paging Ads Promote Alerts Emergency Ads Alerts INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 10
Tailor Your Message to Your Audience Owners Sales Overall support Speed for the business Availability ROI Customizability Reliability Personalization Scalability Measurement CFO IT Manager Initial Cost Performance Ongoing Costs Reliability Savings Integration Revenue potential Upgradeability Overall ROI Easy to administer INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 11
Be Prepared to Be Judged on the Following Overall cost of the system 5 Cost of management and maintenance 5 Hidden costs 5 Overall projected value (Revenue, Lower Costs) 5 Manufacturer brand/reputation 5 Reseller reputation 5 Longevity/Scalability 5 Reliability 5 Integrate with existing IT solutions 5 What at disruption d s upt o will the t e installation sta at o cause 5 How easy is it to train our staff to use the system 5 INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 12
Your Sales Presentation Needs to Address… Whatever solution you are presenting must be linked to what you have learned about the business objectives and issues. Business Objectives Business Issues Business Value More sales High cost of marketing Enhanced Customer Experience More customers Getting g “mindshare” of customers More brand/marketing More sales per customer exposure at lower cost Standing apart from More sales per location competition More opportunities for More higher margin sales personalized messaging Tailor messages to Lower operating costs demographics More sales, more sales per customer/location More productivity from Lack of brand differentiation sales/support associates Fewer inventory write-offs Fast moving product cycles/inventory turn More demonstrated instances of cross-selling Products are poorly understood Lower rates of shoplifting, security issues INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 13
Positioning Digital Signage Solutions Basic Mainstream High Demand Starter Solution: Keep Growing: Competitive Edge: Plug & play package: Single player/multiple Multiple players, multiple Single player/ screen screens displays (i.e., video wall) Content: still images, video; Content: HD video blended Content: Extensive no real-time Video/Web with real time feeds blending with real time feeds feeds Touchscreen input/mobile No audience analytics. device integration Touchscreens, mobile, gesture No in-house technical Audience analytics support needed Proven reliability/ Options to expand proven performance Options to grow—when the time is right Investment protection TYPICAL PLATFORM: TYPICAL PLATFORM: TYPICAL PLATFORM: Intel® Core i3 or Intel® Atom Intel® Core i5 Intel® Core i7 INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 14
Evaluating a Sales Opportunity Here are some of the key questions you can use to “scope out” a potential opportunity in digital signage. It’s important to start with a “big picture” approach. There will be plenty of time later to get further into the details of hardware and software selection. 1. What is the basic size and scope of the 5. What are your objectives? 8. How you are going to manage your 11. (Cont.) digital signage solution you have in Drive sales content? Content gets triggered by the mind? Enhance brand awareness Locally Centrally age/gender of the viewer Number of locations Centrally with a provision for limited Other forms of interactivity: Educate and inform N b off screens/display Number /di l d devices i per l localization li ti ______________________ _______________________________ Create a more sophisticated customer location experience Identify other factors that will dictate the Internal communications 9. What screens are right for you? 12. How do you plan to measure the size and scope of your solution: Floor-standing, poster-like stands performance and ROI of your digital Monetize your displays signage solution? Monitors hanging from the ceiling 2. What is your timeline for implementing Audience demographics gathered 6.What kind of content do you intend to A video wall your solution? in real time show? Interactive kiosks 3 months 6 months Awareness and recall surveys y Slid with Slides ith text t t and d pictures i t S Screens embedded b dd d iin other th d devices, i conducted after the fact One year HD video such as gas pumps or vending Are there other activities that this is Sales performance (e.g., sales data Animated graphics (e.g., Flash graphics) machines contingent upon (e.g., completing linked to the time when specific Other options: __________________ content is showing) construction/renovation on other Advertisements locations): 3D content (glassless) Social media analytics Live feeds such as from network TV or 10. Where do you intend to place display Usage analytics the Web devices/screens? 3. Who are the major decision makers Other ways of measuring performance: who will impact this project? Near entrances/exits _______________________________ Information drawn from internal CEO CFO IT databases (such as a calendar of events, Check-out/point of sale areas CMO Customer Service menu items, etc.) Waiting areas 13.How do you plan to manage your Other decision makers (e.g., line of Information from external data sources Aisle end caps digital signage network? business owners): (such as weather, traffic, local news, etc.) Out of doors Asset management Other: Other locations: Software updates Security 4. What is y your intended audience? 7. How do you plan to create content? 11. What level of interactivity y are y you Remote repair p and diagnostics g Customers Visitors Use in-house resources looking for? Other ways of managing your solution: Employees Hire an agency No interactivity—a one-way broadcast _______________________________ Acquire ready-made content of information Other audiences: Rely on the product manufacturer Touch-screen interactivity (single or 14. How many nodes will exist in a full multitouch) digital signage network deployment? Other content resources: ______________________________ Touchless interactivity (e.g., gesture-
Final Thoughts: Paint the Value Picture Your digital signage solution already “exists” in the mind of the buyer (i.e. a solution l ti th thatt will ill solve l hihis/her /h problems) bl ) To win the sale: create a matching vision between your solution and the capabilities it will deliver to solve those problems Paint a picture of what the customer’s world will be like after making the investment in your solution INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 16
The Ultimate Decider People make emotional buying decisions for logical reasons. reasons Emotion: Theyy get g Logic: g Theyy develop p excited about their a rationale to explain ability to satisfy the or justify their need that motivates decision the change Your job is to provide the logical basis (i.e., the value) for motivating the change. INTEL - CONFIDENTIAL, FOR INTERNAL USE ONLY 17
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