RatePoint Customer Reviews Service Shutting Down

RatePoint shutting down operationsOne of our readers alerted us that RatePoint, the customer review software solution that many eCommerce and other businesses used on their websites, is shutting down.  The RatePoint homepage is still operational as of this writing. But some customers report being unable to access their accounts, or report what they consider poor treatment.

Michael McDermott of BashFoo wrote a few days ago:

The leaders in online reputation management services, Ratepoint Inc. of Needham, MA reported this afternoon the abrupt shutdown of all operations.   In an email that was sent out this afternoon to all “partners, customers and friends” they stated:

“RatePoint’s assets and technologies are currently being acquired, and unfortunately this means that all RatePoint accounts will soon be closed. Effective February 2, 2012, all RatePoint services, including Reputation Management, Email Marketing, Surveys, and Product Reviews will be discontinued. Your ability to access your RatePoint account will end at this time.”

Although the date of February 2, 2012 was mentioned as the deadline date that accounts could no longer be accessed by customers to retrieve their data, some RatePoint customers are reporting that they are unable to access their accounts  now.

Poor Communications

According to a thread at the Web Hosting Talk forum, some customers were taken by surprise by the news of the closure.   They are scrambling to find a replacement for customer reviews.

What baffles me is that from the homepage of the RatePoint website, it is still apparently business as usual.  There is no notice of the pending closure on the RatePoint homepage, as of this writing on January 28, 2012.  You have to dig into the Customer Support center to find the notice of operations discontinuing buried deep, with the date of January 4th on it.  Yet over 3 weeks later, there’s nothing on the home page about it.

But here’s the worst part:  RatePoint made the decision to shut down as early as November 2011, according to this item in their Customer Support database.  Yet they seem to have done little to notify customers and — so it would appear — kept accepting new ones in the meantime.

A Venture Funded Company Goes Sour

RatePoint was venture capital funded.  According to a press release back in 2009, the company reported at the time that it had “closed a $10 million Series B round of funding led by Castile Ventures of Waltham, Mass., with participation by existing investors .406 Ventures and Prism VentureWorks.”  Which goes to show … venture funding is no guarantee of business success.

We reviewed RatePoint back in August 2011 during happier times for the company. Since then, Constant Contact acquired the email marketing portion of the business, leaving the reputation management/reviews piece behind at RatePoint.  It’s the reputation management (customer reviews) piece that is shutting down at this time.

What Should You Do if You Are a RatePoint Customer?

So what should you do if you are a RatePoint customer?

  • Try to export your existing customer reviews if you can —  immediately.   There are these instructions for exporting your Business Reviews buried in the Customer Support database.
  • What if you’ve prepaid annually already?  Buried in the help center is a notice of where to mail your refund request.
  • Search for a competitor offering a special deal for a replacement.  Customer Lobby and Shopper Approved are two such that are offering special deals to RatePoint customers left in the lurch.

From Small Business Trends

RatePoint Customer Reviews Service Shutting Down

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Join us in Atlanta for “Getting Down to Social Business”

Join me, Anita Campbell, and an impressive list of the CRM industry’s leading experts and solution providers a  free 1-day information packed seminar on February 3, 2012 , in Atlanta, Georgia!

The day will focus on the need for companies to transition their approach to “social” away from a narrow, reactionary set of disconnected activities … to a full-fledged corporate culture strategically aligned to build long-lasting relationships with today’s empowered customer.

Sessions Include:

  • Keynote presentation by Paul Greenberg, author of the best-selling “CRM At the Speed of Light”
  • The Consumerization of IT (by Michael Thomas, Customer Success Manager, Microsoft)
  • Journey to the Middle of the Funnel – Connecting Inbound Marketing to Sales Conversion (Jeanne Hopkins, HubSpot VP of Marketing)
  • The Role of Community in Today’s Business Environment (panel discussion featuring Anita Campbell, Publisher of Small Business Trends and Robin Carey, CEO of Social Media Today – Moderated by Adrienne Graham, Founder of Empower Me)
  • The Velocity of Customer Service in the Social Age (Matt Trifiro, Assistly VP of Marketing)
  • Connecting the Dots Between PR and Customer Service (Jeff Nolan, Get Satisfaction VP of Product Marketing)
  • Next-Level Listening (by Cory Hartlen, Radian6 Product Marketing Manager)
  • The Realities of Becoming A Social Business (panel discussion featuring Adam Naide, Executive Director of Social Media Marketing for Cox Communications, Bert DuMars, VP of Interactive Marketing & Ecommerce for Newell Rubbermaid, and Larry Ritter, SVP & GM of Sage CRM Solutions – Moderated by Art Hall, President of the Atlanta Chapter of the CRM Association)
  • Closing the Deal – The Impact of Social on Selling, the Sales Organization and the Customer Relationship (panel discussion featuring Graham Clark , Partner of Customer Results and TAG CRM Board Member, and Judy Mod,  founder of the Social Executive Council).
Event Title: Getting Down to Social Business – The New Business As Usual in the Age of the Collaborative Relationship

Description: There’s no doubting the impact social and mobile technologies are having on all facets of human interaction.  But what impact is it having on the sales process, and on the expectations customers have on sales professionals as they move through their buying cycle?  And how are sales organizations leveraging new tools to help sales professionals close deals and grow strong relationships with social customers?

These topics and others will be addressed by a panel of experts as they take on the important question of how to leverage social tools and strategies

Date:  Friday February 3, 2012,  8:30-4 pm

Place:  Georgia Tech Research Institute Conference Center

                250 14th Street NW, Atlanta GA, 30318

Cost: FREE, with online registration

Registration Link: http://gettingdowntosocialbusiness.eventbrite.com/

Contact: Brent Leary, brent@socialbizatlanta.com

A Production of Social Biz Atlanta, organized by Brent Leary, partner of CRM Essentials (who is also our Host of the One on One interview series here at Small Business Trends, sponsored by BlackBerry).

From Small Business Trends

Join us in Atlanta for “Getting Down to Social Business”

View full post on Small Business News, Tips, Advice – Small Business Trends

The first thing you do when you sit down at the computer

Let me guess: check the incoming. Check email or traffic stats or messages from your boss. Check the tweets you follow or the FB status of friends.

You’ve just surrendered not only a block of time but your freshest, best chance to start something new.

If you’re a tech company or a marketer, your goal is to be the first thing people do when they start their day. If you’re an artist, a leader or someone seeking to make a difference, the first thing you do should be to lay tracks to accomplish your goals, not to hear how others have reacted/responded/insisted to what happened yesterday.

View full post on Seth’s Blog

Up Your Sales in a Down Market Is a Crash Course in Selling

Up Your Sales in a Down MarketIf you’re looking for a crash course on sales, or a sales refresher course, and don’t want to read a lot or learn a rigid sales system that some author says you absolutely positively must follow precisely — then Up Your Sales in a Down Market is a book for you.

Up Your Sales in a Down Market: 20 Strategies from Top Performing Salespeople to Win Over Cautious Customers is by Ron Volper, a business development consultant to the Fortune 500.

Whoa!  Wait a minute!  You’re thinking, “Did she say Fortune 500?  What could a Fortune 500 consultant say that would be relevant to my business with 12 employees?”

A lot, surprisingly.  I received a review copy of this book in the mail, and I almost set it aside when I saw the cover blurb about the author’s experience with large corporations.  After all, we focus here on books for small business owners and entrepreneurs.  We tend to avoid books that target a large corporate audience — that world is so different from the way small businesses operate.

Luckily, I took a few minutes to thumb through the book.

The first section I saw was a 2-page question and answer session between a patient and a  doctor diagnosing the patient’s ailment.  The author used this analogy to illustrate how salespeople must ask a lot of questions before presenting a solution to meet the customer’s needs and trying to close a sale.  Now… that same point about asking questions has been made in countless sales books before.  But somehow, seeing the point presented as a doctor making a diagnosis drove it home. Instantly the point clicked.  Next time you are in a sales situation, think of yourself as a doctor trying to make a diagnosis.  It’s not precisely like that  – for instance, in sales you have to ask more open-ended questions.  But still, the point about asking questions is memorable and it sticks, all because of the way the author presented the information.

What I Liked Best

This book is filled with practical bits.  For instance, you’ll find a concise 10-page chapter on how to give a sales presentation.  It covers everything from the best font size for PowerPoint slides, to the need to practice your presentation in advance, to using body language effectively.  Another gem of a chapter discusses the sales proposal.  It tells you when (and when not) to write and deliver a sales proposal.  But the best part of this chapter is the detailed outline of what should be in your sales proposal, along with the most common mistakes to avoid for each section.  Example: did you know that one of the most common mistakes on a proposal cover page is misspelling the customer’s name?

One of the things I especially liked about this book is the way each chapter begins with a hard-hitting sales statistic.  The opening statistic makes a point about what you should remember from each chapter.  Here are some examples:

  • “Top performing salespeople ask four times as many questions as their less-successful colleagues.”
  • “If you call prospects cold there is only a 2 percent chance you will speak to them, if you have a referral your odds jump to 20 percent, but if you have an introduction they jump up to 60 percent.”
  • “Top salespeople write out and practice their sales presentations three times more often than less successful salespeople.”
  • “Seventy percent of salespeople said they failed to close business because of price, whereas only 45 percent of their customers said price was their main objection.”

Who This Book is For

About 70% of this book is relevant to small businesses with small sales teams, and even to sole proprietors.  For instance, if you are a business owner who doubles as your company’s primary sales person, you can learn a lot from this book, particularly if you personally do not have a sales background. The information is practical, not theoretical.  It doesn’t use corporate-speak,  but instead uses everyday language.

That said, the primary audience for this book is sales managers and salespeople in large corporations who want to be top performers. Small businesses, you will get benefit — just don’t be surprised if you find certain chapters less useful than others:  the chapter on sales contests and motivations; and the chapter on realigning sales territories, to name just two that are more relevant to large corporations.

Up Your Sales is not about retail or eCommerce sales.  Also, if you sell small-ticket items or services, the selling techniques here will be less relevant, mainly because the economics won’t let you devote the time and effort to each sale the way this book describes.  Mostly this book will be best for those whose minimum sale is north of $1,000.

What I Would Have Liked to See

I feel this book has value for small businesses.  However, it isn’t up to date on the ways that small businesses today must sell if they want to survive.  For instance, most small businesses must make heavy use of email, phone meetings, online meetings and other long-distance selling techniques.  Many small businesses don’t have the time or money to send salespeople long distances to make in-person sales calls.  The techniques in this book are definitely geared toward the in-person sales call or meeting.

Also, the book is very light on using networking, word of mouth, and social media as part of your sales prospecting.  The section on social media consists of merely a half page that mentions using LinkedIn and Facebook to recruit salespeople to hire.  But savvy small businesses and entrepreneurs today are using social media to fill their sales funnels or as key marketing stages.  Word of mouth referrals and networking are huge in the world of small business.  Yet those are not really covered in this book in the ways that small businesses use these techniques.

But as long as you understand these limitations, Up Your Sales has value, particularly if your company sells products or services to large corporations.  This book does an excellent job telling you how to be more effective at selling to large companies.

From Small Business Trends

Up Your Sales in a Down Market Is a Crash Course in Selling

View full post on Small Business News, Tips, Advice – Small Business Trends

Stop Looking Down At Your Feet


Stop Looking Down At Your Feet

This content from: Duct Tape Marketing

In all my years of owning a business there’s one thing I’ve witnessed to be true – that which gets my focus gets done or another way to say it is – my intention gets my attention.

Daniel Morris via Flickr

Of course, as with so many things that are true about business, this is equally true about life in general. The things we think about create our actions and our actions create our present reality.

The reason I wander into this territory is that I’ve also discovered that if you acknowledge this phenomenon you must also accept that you have the ability to change what you focus on and change any aspect of your business or life.

Change your point of view and you can change your life.

For most business owners the real problem is the lack of a compelling future vision or any long-term view at all. I know you’ve heard this before, but it’s one of those once a day kind of notions. Creating a compelling picture of where you need to be in three years from now is not something your stop and do in a planning workshop, it’s something you think about in the shower and you take to work every day.

It’s so easy to get caught up in the moment of running a business that we get pushed and pulled into one course correction after another. Unless you have a view of where you are headed and catch a hint of that vision every day you’ll trudge through each step along the way.

I had a running coach once that gave me the best advice I’ve ever received. The advice had nothing to do with footfall, turnover or arm swing. He simply told me that if I wanted to be a better runner I needed to change what I looked at.

Instead of looking down at my feet or a few strides of pavement forward, as many runners do, he suggested that I look as far ahead as I could see and let that far off horizon pull me forward. I can tell you that this little piece of advice changes my physiology and literally yanks me forward.

I think the same is so true for business owners and here are the questions that may help you change your point of view.

  • Have your framed your far off horizon?
  • Is it a big enough vision to pull your towards it?
  • How can you develop the habit of keeping your head up and fixed on your bigger vision?
  • How will your new intention impact what gets your day to day attention?

View full post on Small Business Marketing Blog from Duct Tape Marketing

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Slow Down, Sell Faster: A Review

Slow Down, Sell FasterThere must be something in the air that has created a flurry of books about how to sell by understanding how customers buy.  In  Selling to the C-Suite we learned that to sell to the C-level executive, you have to do your homework, gathering information and understanding what it is that executives need so that they can choose you.

The next book I received for review with the same focus on how customers buy was Slow Down, Sell Faster: Understand Your Customers’ Buying Process and Maximize Your Sales.  The author, Kevin Davis (@toplineleader on Twitter)  has over 30 years’ experience in sales and wrote Getting Into Your Customer’s Head back in 1996, so you know that he’s been drinking this lemonade for a long time.

What’s Inside the Book

Davis combines academic research and practical experience to generate a sales system you can use to not just improve your top line, but your bottom line as well.

Part I of the book is devoted to the actual sales system.  One thing I really like about this book is that it is actually written for an industrial or complex buying process.  Davis references established experts Webster and Wind, who have studied how bigger organizations make decisions to select a supplier.  And he uses decades of research and melds it with practical, real-life ways that business-to-business purchases are made.

Part II expands on the selling system by introducing what Davis calls the eight roles that you have to play in the customer’s buying process:

  1. Student: Use Knowledge to Gain the Edge
  2. Doctor: Diagnose Small Problems, Define Big Needs
  3. Architect: Design Customer-Focused Solutions
  4. Coach: Make a Plan to Defeat the Competition
  5. Therapist: Understand and Resolve a Buyer’s Fears
  6. Negotiator: Reach a Mutual Commitment
  7. The Teacher: Teach Customers to Achieve Maximum Value
  8. The Farmer: Cultivate Customer Satisfaction and Loyalty

Part II contains one chapter on coaching to the eight roles.  It’s written for sales managers and the people who work for them.  It provides a series of cheat sheets and troubleshooting tables to help sales managers and sales reps debrief sales calls.

If you’ve had any professional sales training, you will recognize many of the principles and techniques represented in this book.  For example, I’ve had Sandler Sales Training, and I easily recognized what I call the 10-point scale technique.  Simply ask your customer to rate the solution you’ve come up with like this: “On a scale of 1 to 10, where 1 is ‘not at all what I want’ and 10 is ‘this is the perfect solution,’ how would you rate the solution we’ve discussed?”  If they answer anything less than an 8, ask, “What would you need to see to bring that to a 10?”

The book is full of strategies, tips and hints at every level and at every point of the selling process.  Davis uses a layered approach where he introduces the selling system, then overlays the roles of the salesperson through the buying process and guides the reader to success.

Here are just a few examples of some of my favorite pieces of information:

The Decision-Making Hierarchy: This is perhaps the simplest and best description of what’s important to each level of the organization and how you should structure your message:

  • CEOs – They are at the top of the pyramid, and profitability is what you should focus on when talking to them.
  • Mid-Level Managers – The middle or core of the pyramid.  These people are most concerned about solving operational problems.  The departments typically represented here include marketing, operations and customer service.
  • Support – This is the base of the pyramid and includes accounting, purchasing, training and legal departments.

While most books tell you to aim straight for the top of the pyramid, Slow Down, Sell Faster reveals the truth that most salespeople don’t have anything of substance to say to C-level execs until they’ve gotten their feet wet a little further down the pyramid.

Slow Down Sell Faster Is a Serious Sales Book Focused on Sales Training and Improvement

This is a fantastic book for any business-to-business, technical or industrial CEO with full-time, direct salespeople who sell high-priced, high-involvement products and services to companies where more than one person is involved in the decision.

Don’t expect to read Slow Down, Sell Faster in one sitting and then see immediate results.  This is a comprehensive, detailed and perceptive book about complicated sales situations.  You’ll want to read this book section by section and then take the time to implement and practice specific strategies.  I’d recommend that you visit the Slow Down, Sell Faster section of Kevin Davis’ website where you can download Chapter 1, “Why Slower is Faster,” and experience the book for yourself.

Overall, this is an extremely powerful book that will challenge your thinking and your sales process.  And like a good workout and diet, I think you’ll find the results well worth the effort.

From Small Business Trends

Slow Down, Sell Faster: A Review

View full post on Small Business News, Tips, Advice – Small Business Trends

Turning the habit of self-criticism upside down

Perhaps this sounds familiar:

When it’s time to write a resume or talk to a boss or discuss a project glitch with colleagues, the instinct is to spin, to avoid a little responsibility, to sit quietly. Put a best face forward, don’t set yourself up.

When reviewing just about anything you’ve done with yourself (in your head), the instinct is to be brutal, relentlessly critical and filled with doubt and self-blame.

What if they were reversed?

What if the habit of the project review meeting was for each person to put their worst foot forward, to identify every item that they learned from? What if we took responsibility as a way of getting more authority next time?

And the flip side–when talking to ourselves, what if we were a little more supportive?

It’s not an easy habit, but it works.

View full post on Seth’s Blog