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An Introduction to:


TRIGGER
EVENTS

                      How to Engage
                      Recently Appointed
                      Senior Executives




                      Designed and Developed By:
                      CTOsOnTheMove
Trigger Events                     2
... So tell me again, what’s a
sales trigger event?
A sales trigger event is a change in the
status quo that makes your potential
prospect become acutely aware of the fact
the present situation is intolerable and spurs
the prospect into action.



          …. For example, business cannot go on as with your
          prospective client usual when:
                A competitor launched a successful new product.
                A business expanded into a new office.
                A new Senior Executive was appointed.
                A business raised new capital.
                A computer network experienced a hacker attack.
                Many, many other potential triggers.


                                         So why are sales         trigger events
                                         important?

                                         … Because by tracking and acting on trigger
                                         events that impact your potential clients you
                                         can engage more prospects, increase your
                                         pipeline, reduce the sales cycle and increase
                                         sales.



                                                  Now let’s unpack that…
        Share!
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Trigger Events                          3
Here is the map to your    Sales Growth Treasure.
In the following chapters you will take these steps and find out how to:

                 Step 1
      Identify Your Trigger Event
                                                            Step 2
                                                 Build Your Gathering System
    If you are selling bricks then
    issuance of a new building permit
                                               This process could be as automatic
    could be your trigger event. If you
                                               as signing up for Google Alerts or
    are a bankruptcy lawyer than a
                                               as manual as calling experts “in
    default on a credit line could be
                                               the know” once a week.
    your trigger event.
                                               In reality it is probably a
    Think what circumstances generate          combination of RSS feeds,
    the business need for your product         newsletters, human curators and
    or service.                                such. In the end, you’d want a
                                               process that generates a large
                                               enough number of insights per
                                               week to make it worthwhile.
                 Step 3.
          Act on Trigger Events

     Yes. The most important part –                     Step 4
     act on these insights NOW. Not               Track Your Success
     tomorrow, not after the holidays.               and Optimize
     Now. Acting could mean
     picking up a phone a                 Over time you will have enough
     congratulating the newly             data points to analyze what works
     appointed executive. Or sending      and what doesn’t. What sources of
     a highly personalized email.         insights tend to be more
                                          reliable/productive. What actions of
     Real-time insights have short        your produce the most results.
     half-life, don’t delay.
                                          Armed with this information you
                                          can tweak your trigger event
                                          gathering and acting on to achieve
                                          even better results.



    Share!
It is good for you…
Trigger Events             4



                Contents:

      Trigger Events:

      Chapter 1: What are they?                    ….....5

      Chapter 2: Where to find them?               ….....8

      Chapter 3: What to do with them?             …....11

      Chapter 4: Key Take-Aways and Next Steps …....15




   Share!
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“    The best time to sell
                  umbrellas is when it rains.


                                                    ”
Chapter 1
Trigger Events:
What are They?




                   A trigger is an event, external or
                   internal to the organization,
                   planned or spontaneous, that
                   disrupts the steady state* of the
                   business.

                   *steady state. n. Physics. A stable
                   condition that does not change
                   over time or in which change in
                   one direction is continually
                   balanced by change in another.
Trigger Events                              6
                                                     You know it - to generate new business
                                                     is hard. Especially, if you prospect is
                                                     satisfied with the status quo, i.e. if the
                                                     pain caused by the current state of
                                                     events is tolerable.

                                                     Going back to the quote: imagine a
                                                     seller of umbrellas peddling her
                                                     product. The sun is shining, and he
                                                     pushes through a well thought-through
                                                     mix of direct sales, telemarketing,
                                                     social media, TV ads, etc…

It is hard to get attention, when you
product does not address an immediate
and acute need. Now let’s change the set
up a bit…

If you live in New York City, you
probably saw impromptu salesmen
popping up on every corner with a
selection of parasols with the first drops
from the sky.

Now, the trigger event – rain – changed
the status quo for the prospective buyer
who is now looking at the $3,000 suit        Therefore by being smart and agile, by
being destroyed by the downpour.             identifying and tracking in real time events that
Immediately, the pain of the status quo      disrupt the status quo at your prospect
becomes greater than the pain from           organizations and therefore generate a sales
parting with $5 for the essentially a        opportunity for you, you can find and fulfill the
disposable umbrella.                         demand for willing and appreciative customers
                                             before your competition or incumbents realize
                                             what just happened.



            Share!
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Trigger Events                                                       7
                                     A Brief Taxonomy of Trigger Events
                                                      -     IT Security: Hacker attack
                                                      -     Disaster Recovery: Natural disaster
                                                      -     Snow making machines: warm winter

                                                                                                       -       Fortune 500
             -         SarBox                                                                          -       Voted Best Company
             -         DMCA                                                                            -       Included in Gartner Quadrant
             -         FDA Approval                                   Industry                         -       Executives speaking at events
             -         Emissions controls                             Specific                         -       Positive press


         -           Boycotts                                                                                   -     Legal action
         -           Campaigns                                                    Recognition                   -     New competitive products
                                                                                                                -     Poached clients
         -           +/- Feedback                 Regulatory                                                    -     Poached key personnel


    E
    X                               Social Media                                     Competitive
    T
    E
    R
    N
    A
                                                                 Events
    L

                                             Technology                                     Ownership Change
    I
    N            -       Upgrades                                                                                               -    Merger
    T            -       Major initiatives                                                                                      -    Acquisition
                 -       Outsourcing                                                                                            -    Going private
    E                                                                                             Personnel
    R                                             Growth
    N
                                                                                                                           -    New key executives
    A                                                                                                                      -    New Board Directors
    L                                                                                                                      -    Outsourcing initiatives
                 -      Adding headcount                                                                                   -    Adding/cutting headcount
                 -      Opening offices
                                                                                               Strategic
                 -      Entering new markets
                 -      Launching new products
                                                               Financial
                 -      Key clients gained/lost                                                            -        Announced alliances or JVs
                                                                                                           -        New initiatives announced
                                                                                  Industry                 -        Layoffs
-
-
    IPO
    Raising debt
                                                                                  Specific                 -
                                                                                                           -
                                                                                                                    Restructuring
                                                                                                                    Divesting divisions/product lines
-   Bankruptcy
-   Earnings surprise
-   Rapid stock app/depreciation                  -       IT Outsourcing: Announced cost cutting
                                                  -       Construction Company: Issuance of building permits
                                                  -       Bankruptcy Lawyer: Breached loan covenants




                      Share!
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News :
                      “Something happened…”

                      Insight:
                      “Something happened, and that’s how
                      it relates to me…”

                       Actionable Insight:
                       “Something happened, it is important
                      to me and that’s what I am going to do
                      it about it right now.”




Chapter 2
Trigger Events:
Where to Find Them?




                           Now that we’ve identified
                           what trigger events we can
                           track, let’s see where we can
                           find real-time updates on
                           instances when senior
                           executives change jobs.
Trigger Events                  9
 Today we will be talking specifically about management changes among
 senior IT executives as trigger events. A number of clients at
 CTOsOnTheMove successfully target Chief Information Officer, Chief
 Technology Officer, Vice Presidents of Information Technology with
 the help of various feeds.

 Specifically, these insights can come from:



      Company
      Announcements




                                                   Press
                                                   Releases




            SEC
            Filings


    Share!
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Trigger Events              10




                                       LinkedIn




     Facebook




                                       Twitter




   Share!
It is good for you…
“   What good is new insight
                            for, if you don’t act on it?


                                                       ”
Chapter 3
Trigger Events:
What to do with Them?



                               In this Chapter we will
                               explore some of the best
                               practices in leveraging
                               the real-time insights on
                               when executives change
                               positions.

                               These tools will help you
                               reliably engage senior
                               decision makers and
                               position you favorably
                               vs. all other people with
                               claims on the time of
                               senior execs.
Trigger Events                                 12

             Top 10 Ways to Leverage the Executive
         Management Change Insights as Sales Triggers
         to Drive Engagement and to Grow the Pipeline.

                                              1


Phone call – just pick the
phone and call to
congratulate the person on     Email – send a congratulatory email
the career move. The           to the IT executive who was recently
script could be along the      promoted or newly appointed.
lines: “I’ve noticed in the
news the announcement of
your recent promotion and
just wanted to tell you
how happy we are to hear      Webinar - invite then to a webinar you
about your success…”          are hosting. The invitation could be along
                              the lines: “John, we’ve noticed you
                              recently assumed an important role at the
                              company and we hope you will join your
       2                      peers at the webinar we hosting on a
                              topic that would be certainly important in
                              your IT strategy”.



                                              3


       Share!
  It is good for you…


                                                      Continued on the next page…
Trigger Events                                 13


    4
                                  Event – you can invite
                                  them to an industry
                                  event your are
                                  sponsoring or speaking
                                  at: Gartner, InterOp,
 Letter - with so many            Evanta, ComputerWeek
 filters, from personal           or others.
 assistants to email
 filters, it is difficult to
 get through. Try
 sending a personal
 hand written note, it                  5
 will surely stand out
 and more likely to get
 noticed.

                                  Gift – send a gift. It could be
                                  as little as a classy business
        6                         card holder with personal note,
                                  or as large as a bottle of wine.
                                  Be mindful that what you say
                                  in the gift card could be more
                                  important than the gift itself.

 White paper - send them a
 white paper that is relevant               7
 referencing their new role,
 current mandate, previous
 positions, etc.



     Share!
It is good for you…

                                                 Continued on the next page…
Trigger Events                      14


      8                           Face-to-face – invite them to a
                                  face-to-face meeting.
                                  Depending on the stature at the
                                  firm it could be as informal as
                                  a coffee (“I am in town
                                  meeting clients and would like
                                  to touch base with you on your
                                  IT strategy going forward.”) or
                                  as serious as a steak dinner.
Appointment - ask for an                          9
appointment in a smart way:
“Mary, I’d like to congratulate
on your recent appointment.
As you may know, a number
of companies similar to your
are our clients and we’ve done
truly impactful solutions for
them in the field of _____                 Peer feedback – invite your
which, no doubt, would be one              current client who is a peer to
of your focus areas going                  the newly appointed executive
forward. Would you have                    to reach out and congratulate
10min next week for a brief                them on your behalf.
phone call? I am available
on…”




                                                      10


     Share!
It is good for you…
“     A marathon begins
                with the first step.


                                           ”
Chapter 4
Key Takeaways




                   I will fail utterly and
                   completely if you don’t
                   find one thing in this
                   white paper that you can
                   easily implement today
                   and see results tomorrow.

                   Please help me succeed.
                   Implement at least one of
                   the best practices today.
Trigger Events
                                                                         16
                     Key Takeaways:
  Identify trigger events that make your prospect aware of the
  need your product/service fills.
  Design an insight gathering process that integrates with you
  current marketing machine.
  Act on trigger events in real-time.
  Measure, optimize, and repeat.


                          Next Steps:
  If you’d like to grow your sales pipeline, cut sales cycles, and
  engage senior IT executives as clients with real-time actionable
  insights form CTOsOnTheMove, contact Misha Sobolev at
  ms@ctosonthemove.com for your free consultation TODAY!

  If you are ready to get unlimited access for searching, browsing and
  downloading 12,000+ profiles of CIOs, CTOs and other senior IT
  executives and receive real-time updates when 100+ of them
  changes jobs every month, you can sing up at
  http://www.ctosonthemove.com/pricing.html


    Share!
It is good for you…
                                                      CTOsOnTheMove

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Sales Trigger Events - A Comprehensive Guide

  • 1. An Introduction to: TRIGGER EVENTS How to Engage Recently Appointed Senior Executives Designed and Developed By: CTOsOnTheMove
  • 2. Trigger Events 2 ... So tell me again, what’s a sales trigger event? A sales trigger event is a change in the status quo that makes your potential prospect become acutely aware of the fact the present situation is intolerable and spurs the prospect into action. …. For example, business cannot go on as with your prospective client usual when: A competitor launched a successful new product. A business expanded into a new office. A new Senior Executive was appointed. A business raised new capital. A computer network experienced a hacker attack. Many, many other potential triggers. So why are sales trigger events important? … Because by tracking and acting on trigger events that impact your potential clients you can engage more prospects, increase your pipeline, reduce the sales cycle and increase sales. Now let’s unpack that… Share! It is good for you…
  • 3. Trigger Events 3 Here is the map to your Sales Growth Treasure. In the following chapters you will take these steps and find out how to: Step 1 Identify Your Trigger Event Step 2 Build Your Gathering System If you are selling bricks then issuance of a new building permit This process could be as automatic could be your trigger event. If you as signing up for Google Alerts or are a bankruptcy lawyer than a as manual as calling experts “in default on a credit line could be the know” once a week. your trigger event. In reality it is probably a Think what circumstances generate combination of RSS feeds, the business need for your product newsletters, human curators and or service. such. In the end, you’d want a process that generates a large enough number of insights per week to make it worthwhile. Step 3. Act on Trigger Events Yes. The most important part – Step 4 act on these insights NOW. Not Track Your Success tomorrow, not after the holidays. and Optimize Now. Acting could mean picking up a phone a Over time you will have enough congratulating the newly data points to analyze what works appointed executive. Or sending and what doesn’t. What sources of a highly personalized email. insights tend to be more reliable/productive. What actions of Real-time insights have short your produce the most results. half-life, don’t delay. Armed with this information you can tweak your trigger event gathering and acting on to achieve even better results. Share! It is good for you…
  • 4. Trigger Events 4 Contents: Trigger Events: Chapter 1: What are they? ….....5 Chapter 2: Where to find them? ….....8 Chapter 3: What to do with them? …....11 Chapter 4: Key Take-Aways and Next Steps …....15 Share! It is good for you…
  • 5. The best time to sell umbrellas is when it rains. ” Chapter 1 Trigger Events: What are They? A trigger is an event, external or internal to the organization, planned or spontaneous, that disrupts the steady state* of the business. *steady state. n. Physics. A stable condition that does not change over time or in which change in one direction is continually balanced by change in another.
  • 6. Trigger Events 6 You know it - to generate new business is hard. Especially, if you prospect is satisfied with the status quo, i.e. if the pain caused by the current state of events is tolerable. Going back to the quote: imagine a seller of umbrellas peddling her product. The sun is shining, and he pushes through a well thought-through mix of direct sales, telemarketing, social media, TV ads, etc… It is hard to get attention, when you product does not address an immediate and acute need. Now let’s change the set up a bit… If you live in New York City, you probably saw impromptu salesmen popping up on every corner with a selection of parasols with the first drops from the sky. Now, the trigger event – rain – changed the status quo for the prospective buyer who is now looking at the $3,000 suit Therefore by being smart and agile, by being destroyed by the downpour. identifying and tracking in real time events that Immediately, the pain of the status quo disrupt the status quo at your prospect becomes greater than the pain from organizations and therefore generate a sales parting with $5 for the essentially a opportunity for you, you can find and fulfill the disposable umbrella. demand for willing and appreciative customers before your competition or incumbents realize what just happened. Share! It is good for you…
  • 7. Trigger Events 7 A Brief Taxonomy of Trigger Events - IT Security: Hacker attack - Disaster Recovery: Natural disaster - Snow making machines: warm winter - Fortune 500 - SarBox - Voted Best Company - DMCA - Included in Gartner Quadrant - FDA Approval Industry - Executives speaking at events - Emissions controls Specific - Positive press - Boycotts - Legal action - Campaigns Recognition - New competitive products - Poached clients - +/- Feedback Regulatory - Poached key personnel E X Social Media Competitive T E R N A Events L Technology Ownership Change I N - Upgrades - Merger T - Major initiatives - Acquisition - Outsourcing - Going private E Personnel R Growth N - New key executives A - New Board Directors L - Outsourcing initiatives - Adding headcount - Adding/cutting headcount - Opening offices Strategic - Entering new markets - Launching new products Financial - Key clients gained/lost - Announced alliances or JVs - New initiatives announced Industry - Layoffs - - IPO Raising debt Specific - - Restructuring Divesting divisions/product lines - Bankruptcy - Earnings surprise - Rapid stock app/depreciation - IT Outsourcing: Announced cost cutting - Construction Company: Issuance of building permits - Bankruptcy Lawyer: Breached loan covenants Share! It is good for you…
  • 8. News : “Something happened…” Insight: “Something happened, and that’s how it relates to me…” Actionable Insight: “Something happened, it is important to me and that’s what I am going to do it about it right now.” Chapter 2 Trigger Events: Where to Find Them? Now that we’ve identified what trigger events we can track, let’s see where we can find real-time updates on instances when senior executives change jobs.
  • 9. Trigger Events 9 Today we will be talking specifically about management changes among senior IT executives as trigger events. A number of clients at CTOsOnTheMove successfully target Chief Information Officer, Chief Technology Officer, Vice Presidents of Information Technology with the help of various feeds. Specifically, these insights can come from: Company Announcements Press Releases SEC Filings Share! It is good for you…
  • 10. Trigger Events 10 LinkedIn Facebook Twitter Share! It is good for you…
  • 11. What good is new insight for, if you don’t act on it? ” Chapter 3 Trigger Events: What to do with Them? In this Chapter we will explore some of the best practices in leveraging the real-time insights on when executives change positions. These tools will help you reliably engage senior decision makers and position you favorably vs. all other people with claims on the time of senior execs.
  • 12. Trigger Events 12 Top 10 Ways to Leverage the Executive Management Change Insights as Sales Triggers to Drive Engagement and to Grow the Pipeline. 1 Phone call – just pick the phone and call to congratulate the person on Email – send a congratulatory email the career move. The to the IT executive who was recently script could be along the promoted or newly appointed. lines: “I’ve noticed in the news the announcement of your recent promotion and just wanted to tell you how happy we are to hear Webinar - invite then to a webinar you about your success…” are hosting. The invitation could be along the lines: “John, we’ve noticed you recently assumed an important role at the company and we hope you will join your 2 peers at the webinar we hosting on a topic that would be certainly important in your IT strategy”. 3 Share! It is good for you… Continued on the next page…
  • 13. Trigger Events 13 4 Event – you can invite them to an industry event your are sponsoring or speaking at: Gartner, InterOp, Letter - with so many Evanta, ComputerWeek filters, from personal or others. assistants to email filters, it is difficult to get through. Try sending a personal hand written note, it 5 will surely stand out and more likely to get noticed. Gift – send a gift. It could be as little as a classy business 6 card holder with personal note, or as large as a bottle of wine. Be mindful that what you say in the gift card could be more important than the gift itself. White paper - send them a white paper that is relevant 7 referencing their new role, current mandate, previous positions, etc. Share! It is good for you… Continued on the next page…
  • 14. Trigger Events 14 8 Face-to-face – invite them to a face-to-face meeting. Depending on the stature at the firm it could be as informal as a coffee (“I am in town meeting clients and would like to touch base with you on your IT strategy going forward.”) or as serious as a steak dinner. Appointment - ask for an 9 appointment in a smart way: “Mary, I’d like to congratulate on your recent appointment. As you may know, a number of companies similar to your are our clients and we’ve done truly impactful solutions for them in the field of _____ Peer feedback – invite your which, no doubt, would be one current client who is a peer to of your focus areas going the newly appointed executive forward. Would you have to reach out and congratulate 10min next week for a brief them on your behalf. phone call? I am available on…” 10 Share! It is good for you…
  • 15. A marathon begins with the first step. ” Chapter 4 Key Takeaways I will fail utterly and completely if you don’t find one thing in this white paper that you can easily implement today and see results tomorrow. Please help me succeed. Implement at least one of the best practices today.
  • 16. Trigger Events 16 Key Takeaways: Identify trigger events that make your prospect aware of the need your product/service fills. Design an insight gathering process that integrates with you current marketing machine. Act on trigger events in real-time. Measure, optimize, and repeat. Next Steps: If you’d like to grow your sales pipeline, cut sales cycles, and engage senior IT executives as clients with real-time actionable insights form CTOsOnTheMove, contact Misha Sobolev at ms@ctosonthemove.com for your free consultation TODAY! If you are ready to get unlimited access for searching, browsing and downloading 12,000+ profiles of CIOs, CTOs and other senior IT executives and receive real-time updates when 100+ of them changes jobs every month, you can sing up at http://www.ctosonthemove.com/pricing.html Share! It is good for you… CTOsOnTheMove