"Do you really know who your best salespeople are?" (via @HarvardBiz)

CEOs are investing more than ever in their sales forces, but results aren’t improving. To understand this disconnect, we observed 800 sales professionals in live sales meetings. We discovered eight sales types. The bad news is that only three of them—accounting for a mere 37% of salespeople—were consistently effective. What’s more, some of the behaviors of the remaining 63% actually drove down performance. But there’s good news, too: The eight types represent behavioral tendencies, not set-in-stone personalities. Managers can effect changes in their current salespeople and recruit better team members in the future if they understand the eight types.

"Here's A Deals Service That Could Blow Groupon Away"

Offermatic logo

Groupon may have blown its chance by passing up Google's acquisition offer last week. A new deals site called Offermatic, which launched today after four months of beta testing, has the potential to make daily deals sites look stale.

Instead of one random discount per day, Offermatic offers users multiple discounts from major retailers. Those discounts are based on the user's actual purchasing history on a credit card or debit card.

Spend a lot of money on new gadgets? Look for deals from Best Buy and Radio Shack. About time for your quarterly wardrobe update? Expect to see deals from The Gap and Abercrombie & Fitch.

To sign up, consumers have to register a debit or credit card with Offermatic. Cards from most major banks (BofA, Chase, Wells Fargo, and many more) are supported, but an online banking password might be required to get started--a possible barrier for customers who have only used their credit cards to shop. Discounts are applied directly back to the card, so there's no coupon to track or rebate to send in. Saving money is "almost passive," says Offermatic CEO Faisal Qureshi.

Offermatic earns commissions from merchants each time a customer buys one of the discounted products. Merchants don't pay for leads or impressions--only for actual purchases.

The company has 75 of the top 100 U.S. retail merchants offering deals at launch, and Qureshi expects others to jump aboard once they see how Offermatic presents a much better marketing vehicle than daily deal sites like Groupon and LivingSocial.

That's because instead of throwing out a random deal to the entire Internet, retailers can offer targeted deals to customers who are already spending money in that category. It's almost like the hyper-precise targeting of Google AdWords has come to the physical world. Qureshi claims that merchants are seeing average conversion rates of 14% or 15% during beta testing. By way of comparison, a great AdWords campaign might get a conversion rate of 10%.

What about piracy? Qureshi admits there's a core of skeptics who will never participate. But Offermatic doesn't actually store any sensitive data on its servers; it only stores the user's log-in credentials. The actual data--credit card numbers and purchase history--is transferred securely to Yodlee, which has years of experience managing sensitive personal data for personal finance sites like Mint.com.

The biggest problem, says Qureshi, will be building the consumer user base and merchant participation in lockstep. If there aren't enough shoppers, merchants will quickly lose interest and stop participating. If the shoppers come too early, they won't see enough deals to recommend the site to their friends.

Offermatic has spent the last four months figuring out how to strike that balance--for example, by focusing on big national merchants so customers are almost guaranteed to get at least one offer when they sign up. Today, they'll begin to see whether all that testing has paid off.


Read morehttp://www.businessinsider.com/heres-a-deals-service-that-could-blow-groupon-away-2010-12#ixzz17RaHc06U

"U.S. Online Advertising Expected to Grow 14 Percent in 2010" via @techcrunch

DECEMBER 6, 2010 

BY ERICK SCHONFELD : TECHCRUNCH

Online ad spending is expected to grow nearly 14 percent this year in the U.S. to $25.8 billion, according to a revised forecast by eMarketer. Its last forecast in May projected about 11 percent growth to $25.1 billion. The market research firm also expects U.S. online advertising to keep growing at double-digit rates through 2014, when it estimates the total will reach $40.5 billion.

Obviously, these estimates are moving targets, and will be revised again, but they do give a sense of where expectations lie today. eMarketer arrives at its numbers by looking at other research estimates and coming up with its own meta-estimate. As a percentage of total media spending, the online component will grow from 15.3 percent in 2010 to 21.5 percent in 2014 (based on total media spending of $168.5 billion in 2010 and $188.5 billion in 2014).

Lump in the burgeoning growth of Groupon-style local advertising , and these estimates could end up looking too low. Below is a chart of eMarketer’s estimates from May for comparison:


Dialup? Are you talkin' dialup? "AOL Wants To Merge With Yahoo And Spin Off Its Dialup Business"

I had AOL dialup service... in 1996!  It's hard to believe that there are still dial up customers in a world where wifi is so ubiquitous and 3G and 4g are commonplace. 

Now excuse me while I go put "Ferris Bueller's Day Off" into my Betamax player :)

SAI: SILICON ALLEY INSIDER | DECEMBER 5, 2010
http://pulsene.ws/rXzW


AOL is "actively exploring" a breakup, which could include spinning off its legacy dialup business, and merging its advertising ... Read more

Some Data-Miners Ready to Reveal What They Know

Some Data-Miners Ready to Reveal What They Know 
ALL THINGS DIGITAL | DECEMBER 3, 2010

Seeking to head off escalating scrutiny over Internet privacy, a group of online tracking rivals is building a service that lets consumers see what information those companies know about them.

Seeking to head off escalating scrutiny over privacy, a group of online data and tracking firms are joining forces to build a service that lets consumers see what information those companies know about them. WSJ's Emily Steel reports.

The project is the first of its kind in the fast-growing business of tracking Internet users and selling personal details about their lives. Called the Open Data Partnership, it will allow consumers to edit the interests, demographics and other profile information collected about them. It also will allow people to choose to not be tracked at all.

When the service launches in January, users will be able to see information about them from eight data and tracking firms, including BlueKai Inc., Lotame Solutions Inc. and eXelate Inc.

Additional tracking firms are expected to join once the system is live, but more than a hundred tracking firms and big Internet companies including Google Inc. and Yahoo Inc. are not involved.

The companies involved represent some of the most aggressive trackers of Internet users, many of which have been profiled in The Wall Street Journal's "What They Know" series about online privacy.

It's rarely a coincidence when you see Web ads for products that match your interests. WSJ's Christina Tsuei explains how advertisers use cookies to track your online habits.

"The government has told us that we have to do better as an industry to be more transparent and give consumers more control. This is a huge step in that direction," said Scott Meyer, CEO of Better Advertising Project, a New York-based start-up that is directing the Open Data initiative.

The $25 billion Internet advertising industry is scrambling to make more transparent its widespread practice of collecting, selling and using Web browsing and other profile information about consumers, as part of a broader effort to ward off federal regulation.

Online tracking is legal, and companies currently aren't bound by government rules to show people what they know about them.


Internet and advertising companies typically gather information about users to target ads. A person's Web activities and location can be used to tailor the type of credit cards pitches they see, for instance.In a report on Internet privacy on Wednesday, the Federal Trade Commission called for the development of a do-not-track tool system that would enable people to avoid having their actions monitored online—a move the online advertising industry opposes.

BlueKai trades data on more than 200 million Internet users, boasting the ability to reach more than 80% of the U.S. Internet population.

The new Open Data initiative marks the first time consumers will have a one-stop-shop to see all the information these companies know about them.

Better Advertising Project

Web ads carrying the above logo will let consumers find out what information is known about them.

tracker_logo_12

Previously, a handful of Internet and tracking firms, including Google, Yahoo, BlueKai, Lotame and eXelate, made such information available on their own sites. However, few consumers were aware.

"Not all consumers know who eXelate is, but if we can create a central portal where eXelate and all our lovely competitors can be in one place, it provides an easier way for consumers to get access to these tools," said Mark Zagorski, chief revenue officer at eXelate.

A website, betteradvertising.com, will list online data and tracking firms that have collected or used information about a person's interests, Web browsing or other details.

For the companies that sign up for the initiative, a person will be able to see what information they have collected, Mr. Meyer says.

Users also will be able to access their profiles via advertisements that display an icon: a lowercase "i" encased in a triangle. Clicking on the icon displays more information about how the ad was targeted to a user and further clicks provide more information about how to see the information that the companies know about users and how to opt-out.

A visitor can see, for instance, that eXelate has pegged them as a person interested in buying a hybrid or luxury automobile, with a household income of $60,000 and an interest in shopping for personal technology. That user can change the income bracket or remove it entirely from his profile.

Users also can decide not to be tracked.

The information displayed as part of the Open Data initiative also won't be shared and used for tracking purposes. However, some of the companies will show only broad categories in which they classify users rather than the minute details that they know.

Better Advertising says it is not charging the data companies to be a part of the service, which is free to consumers. Advertisers ultimately will have to pay for the service that places the Open Data icon and information in their ads.

 ... Read more

Apple TV: Streaming and Renting From Devices

I added this to my Christmas wish list!  I have a Samsung Blu-ray player and it works great to stream Pandora and Netflix. But the idea of AirPlay is appealing and I'm sure apps are coming. The Samsung interface is clunky and Apple's is easy. So... I'll add yet another Apple device to my home!

Apple TV: Streaming and Renting From Devices
WALT MOSSBERG 

http://pulsene.ws/qWWN


The revamped $99 Apple TV streams content from online, computers and portable devices, and allows you to rent TV shows and ... Read more

For Start-Ups, the Ultimate Goal: Becoming a Verb

From the New York Times
Start-Up Verbs
Nick Bilton/The New York Times

When starting a new Web site or Internet service, most technologists are aiming to sell to a larger company or gain hundreds of millions of users. But for some there is an even bigger glory than cash: their company name becomes a verb.

It didn’t take long for Google to win this honor, as people began saying “let me Google that” instead of using the verb “search.” Microsoft hopes that its search engine, Bing, is on its way to this usage too.

And of course this idea goes beyond search sites. Take Twitter, for example, which has been verbified with the advent of the word “tweet.”

read full article here: http://pulsene.ws/pUaO