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	<title>datadoodle &#187; mid-market</title>
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		<title>Lessons from LucidEra on BI for the mid-market</title>
		<link>http://datadoodle.com/2009/08/03/lessons-from-lucidera-on-selling-bi-to-the-mid-market/</link>
		<comments>http://datadoodle.com/2009/08/03/lessons-from-lucidera-on-selling-bi-to-the-mid-market/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 08:06:43 +0000</pubDate>
		<dc:creator>Ted Cuzzillo</dc:creator>
				<category><![CDATA[BI industry]]></category>
		<category><![CDATA[analysis]]></category>
		<category><![CDATA[Darren Cunningham]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[Ken Rudin]]></category>
		<category><![CDATA[LucidEra]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[mid-market]]></category>
		<category><![CDATA[Saas]]></category>

		<guid isPermaLink="false">http://datadoodle.com/?p=882</guid>
		<description><![CDATA[Here are two tips from LucidEra veterans Ken Rudin and Darren Cunningham about BI in the mid-market: Forget &#8220;freemium&#8221; &#8212; the new term for free service leading to paid service &#8212; and be wary of users&#8217; ability to analyze data. Rudin co-founded the company and in June saw it fold for lack of renewed funding [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>
Here are two tips from LucidEra veterans Ken Rudin and Darren Cunningham about BI in the mid-market: Forget &#8220;freemium&#8221; &mdash; the new term for free service leading to paid service &mdash; and be wary of users&#8217; ability to analyze data.
</p>
<p>
Rudin co-founded the company and in June saw it fold for lack of renewed funding &mdash; in spite of what he described as &#8220;extremely happy customers&#8221; and a rapidly growing base. At the end, Rudin was chief marketing officer and Cunningham was vice president of marketing.
</p>
<p>
Unlike in sales to enterprises, the mid-market customers LucidEra pitched typically lacked skill in data analysis and had little time to learn.
</p>
<p>
At first, LucidEra offered a 90-day free trial of its SaaS analytics &mdash; the &#8220;free&#8221; model, which assumes non-paying customers are completely self-service. That failed. Half the prospects said it was great, said Rudin, but the other half balked.
</p>
<p>
&#8220;We asked them, &#8216;Well, didn&#8217;t it meet your needs?&#8217;&#8221; he recalled. &#8220;They&#8217;d say, &#8216;No, we just don&#8217;t see any value there.&#8217;&#8221; His voice rose as he recalled his surprise and exasperation. These customers had been using nothing more than spreadsheets. &#8220;It made no sense to me. How could they get no value?&#8221;
</p>
<p>
When he questioned further, he found they&#8217;d been doing &#8220;essentially nothing interesting&#8221; with the service. They had been running the simplest reports, not asking new questions or reaching for new insight in any way.
</p>
<p>
&#8220;We were offering a powerful tool,&#8221; he said, &#8220;and they were saying they didn&#8217;t know what to do with this thing.&#8221; He compared it to installing an MRI machine in someone&#8217;s living room and expecting the person to diagnose themselves.
</p>
<p>
&#8220;Free&#8221; has worked for some BI-related vendors &mdash; he mentioned Salesforce.com and Jaspersoft &mdash; but never to untrained users who must be convinced of the value.
</p>
<p>
LucidEra dropped free trials and instead offered the free Pipeline Healthcheck. It was a cookie-cutter approach, said Rudin, to demonstrate the value. He compared it to a routine medical checkup. Any doctor knows if the patient&#8217;s blood pressure is too high, as any analyst can tell if salespeople should let go of dead prospects sooner.
</p>
<p>
Customers liked it. Many came away with pages of notes from the discussion about what to do. For example, LucidEra found a significant opportunity for a cable company in the Northeast.
</p>
<p>
At first, Pipeline Healthcheck seemed to work. Then usage fell off. When LucidEra called to ask why, customers explained, &#8220;When you came out here and told us all that stuff, that was great. But we can&#8217;t remember what you did. We just aren&#8217;t as good a this as you are, so we can&#8217;t use it.&#8221;
</p>
<p>
Several customers asked if they could simply buy the analysis service. They wanted LucidEra to come in once a quarter and do a health check. &#8220;Instead of having an MRI machine,&#8221; said Rudin, &#8220;they just wanted a doctor.&#8221;
</p>
<p>
Cunningham said, &#8220;Don&#8217;t overestimate people&#8217;s ability to interpret data.&#8221;
</p>
<p>
That&#8217;s why we have professional data analysts.</p>
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		<item>
		<title>Does jargon sell tech products or not?</title>
		<link>http://datadoodle.com/2008/11/25/jargon-sell-or-not/</link>
		<comments>http://datadoodle.com/2008/11/25/jargon-sell-or-not/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 11:56:03 +0000</pubDate>
		<dc:creator>Ted Cuzzillo</dc:creator>
				<category><![CDATA[marketing/PR]]></category>
		<category><![CDATA[Bi market]]></category>
		<category><![CDATA[culture]]></category>
		<category><![CDATA[Don Farber]]></category>
		<category><![CDATA[food]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[mid-market]]></category>

		<guid isPermaLink="false">http://datadoodle.com/?p=309</guid>
		<description><![CDATA[Those of us in the tech world who shun jargon may forever remain an underclass. We may never rise to the mainstream, where today tech-centric vendors rule. So I&#8217;m delighted when I meet another one of our clan who declares proudly his rejection of tech-speak. Don Farber, vice president of sales and marketing at KnowledgeSync, [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>
Those of us in the tech world who shun jargon may forever remain an underclass. We may never rise to the mainstream, where today tech-centric vendors rule. So I&#8217;m delighted when I meet another one of our clan who declares proudly his rejection of tech-speak.
</p>
<p>
Don Farber, vice president of sales and marketing at KnowledgeSync, says that to reach business customers, you have to use words they understand. For many buyers in the mid-market, that means avoiding any jargon at all.
</p>
<p>
Here&#8217;s how he orders a steak: &#8220;I ask for &#8216;pink in the middle.&#8217; When the waiter asks me, &#8216;Rare?&#8217; I say, &#8216;I don&#8217;t care what you call it, just give me a steak that&#8217;s pink in the middle.&#8217;&#8221;
</p>
<p>
We have to be careful, though. Some buyers in the mid-market watch for tech words as if it were a secret handshake. One insightful Datadoodle reader read <a href="http://datadoodle.com/2008/11/19/play-terminology-by-ear-when-selling-to-the-mid-market/">about Farber&#8217;s approach</a> last week and posted a reply that began like this:
</p>
<blockquote><p>
This is so true. And it cuts both ways. Larger midsize companies have IT teams who are knowledgeable about BI, and if you don&rsquo;t use all of the most proper complex jargon with them, they think you&rsquo;re a lightweight solution that doesn&rsquo;t do what they need or, worse, that you&rsquo;re a team of idiots who just happened to create what they wanted the first time&#8230;
</p></blockquote>
<p>
Take that, Strunk and White (<i>Elements of Style</i>).</p>
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		<item>
		<title>Play terminology by ear when selling to the mid-market</title>
		<link>http://datadoodle.com/2008/11/19/play-terminology-by-ear-when-selling-to-the-mid-market/</link>
		<comments>http://datadoodle.com/2008/11/19/play-terminology-by-ear-when-selling-to-the-mid-market/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 11:52:14 +0000</pubDate>
		<dc:creator>Ted Cuzzillo</dc:creator>
				<category><![CDATA[marketing/PR]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[mid-market]]></category>

		<guid isPermaLink="false">http://datadoodle.com/?p=294</guid>
		<description><![CDATA[Those who sell BI software to mid-size companies get to be good at nailing down what shoppers want. These shoppers are smart and hard working. But when they shop for technology, the shopping list may be just a problem, a wish, or a fantasy—known only by a description. I just spent Monday and Tuesday helping [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Those who sell BI software to mid-size companies get to be good at nailing down what shoppers want. These shoppers are smart and hard working. But when they shop for technology, the shopping list may be just a problem, a wish, or a fantasy—known only by a description.</p>
<p>I just spent Monday and Tuesday helping a client sell his BI software at Sage Summit in Denver. I also wandered around to other booths.</p>
<p>Don Farber, VP of sales and marketing at KnowledgeSync, which among its products is automatic alerts, describes a common conversation: &#8220;I tell him he may need alerts, and the guy says, ‘No, I don’t need alerts. I need this, this, and this,’ and he describes alerts.’” </p>
<p>When you&#8217;re fooling with terminology, you just have to play it by ear.</p>
<p>I’m combing through notes and business cards for a <em>BI This Week</em> story. Farber’s two stories—the other one’s coming soon&#8211; are the best I’ve heard.</p>
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