Presented by Advanta Advertising, LLC.
Life science companies are currently experiencing a tremendous wave of change when it comes to determining the best tactics to attract customers. Here are some tips on how life sciences can alter their sales workflows to convert more prospects into paying customers.
Unfortunately messages that are irrelevant, untrustworthy or and demotivating are quite common when it comes to life sciences marketing. Life science marketers need to do more in order to distinguish their messages from those of the competition. In addition, companies need to do more to ensure that their target audiences are actually connecting with the messages that they put out. This means that in order to be successful, life science companies need to obtain better insight into their target audiences.
Does your company fully understand what motivates your target audience or how your target audience behaves? What messages are the most relevant and compelling to your target audience? Does your approach to delivering your message ensure that your marketing efforts will effectively reach that target audience?
These are just a few questions that you should ask. If your company’s marketing team is not sure that the message is being heard, perhaps it is time to try a different approach.
Choosing a different approach to your marketing can start by making sure that your company has defined a unique position in the market. Many life science companies do not in fact have a unique position that is identifiable by their customers. Having a unique, defined position in the market ensures that your marketing messages reinforce your company’s positioning. This will communicate value to potential customers, which will lead to higher sales.
These days, many buyers are increasingly looking to do research before making a commitment. This means that it is the life science company’s job to make sure that potential customers are being properly educated so that they will feel that they are making an informed decision.
It is important to reexamine the marketing initiatives that your company uses to educate potential customers. Are all of your education touchpoints focused enough to keep potential buyers moving in the right direction towards the sale? In addition, you should also make sure that your potential customers are receiving the right educational messages at the right time. These points may not be so easy to determine but they can make a world of different in terms of the number of individuals that convert to customers versus those who simply remain prospects.
While these exploratory processes represent only a fraction of what could be done to improve sales conversion rates, life science companies must at least take these initial efforts if they want to see an improvement in sales. As buyers because more knowledgeable, life science companies must respond by making sure that they provide potential customers with the right information at the right time in order to guarantee a sale.