The Secret Product Your Customers Want



by Lara Marlin Hull


Last week I gave an example of a newsletter by the statistical software company StatEase, noting how they manage to make authentic connections with their customers.  The name doesn’t exactly conjure up warm fuzzies, but they definitely connect.

How?  They know their audience – really well.

To further dissect this idea, I expanded my research into this audience-attuned company through their website.

Design of Experiment (DOE): daunting, even for the most math-enthusiastic scientist.  And for scientists who experience dull panic at the thought of more statistics, just imagine their sense of relief when they see the words “I need immediate help” glowing lovingly up at them from their computer.

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Case Study – Conversions increase 5X for Assay Depot



This article is short case study about our successful project with AssayDepot.com which engaged Red Funnel to help diagnose and improve their website last spring. Working with their team has been a extremely enjoyable experience for Mark and I, we wish them continued success.

Case Study

Service: Full website and Analytics analysis using Red Funnel’s science SEO service.

Results: 5-fold increase in quote and info requests for Assay Depot’s clients.

Background: Assay Depot.com provides direct access to expert advice about scientific assays and contract research services (CROs) via their open web marketplace to scientists in Big Pharma, Biotech, and Academic research. The site is focused on 5 target assay and service areas- Biology, Chemistry, DMPK, Toxicology, and Pharmacology with several thousand webpages covering individual services. The business depends on scientists requesting information and quotes for research services through Assay Depot’s referral engine and expert scientific staff.

Assay Depot engaged Red Funnel improve the conversion rate of the quote request process.

The Engagement: Red Funnel identified the key causes of page abandonment based on traffic movement to the most popular assays and services using Google Analytics, science-based SEO, and User Interface (UI) testing.

We worked with the team at Assay Depot to improve these areas by adding Scientist-targeted SEO content and improving the UI to lead visitors to the assays they were seeking. Over the course of the improvments, we saw:

  • Decreased Bounce Rate (10%)
  • Increased Time on site (> 1min)
  • Increased traffic to relevant assay pages
  • 5-fold increase in conversions

The bottom line: Assay Depot is now capturing more traffic and converting more visitors; resulting in more quotes for their customers in the CRO and Life Science Service business from scientists in Pharma and Academia.


Web Tactics That Propel Antibody Suppliers to the Top, a study by Red Funnel



Web Tactics of the Top Antibody Suppliers

by Rusty Bishop

A few weeks back, I wrote an article about the “Top Antibody Supplier” study that was released by BioInformatics, LLC.  I got some great comments from readers Jack and Mark about Abcam, one of the top suppliers. Everyone seemed to be in awe of Abcam’s web presence. It was noted that they do an excellent job of appearing in the top Google Search Results.

We decided to use our knowledge and tool set to determine whether there was a correlation between the Top Companies in the Bioinformatics survey and those that appeared most often in Google Search Results (SERP) when scientists searched.

Correlation

After just a few searches for common gene-specific antibodies like actin, p53, and caspases, we began to see a trend that certain companies (Abcam, Santa Cruz, Cell Signaling) were almost always on the first page.  The very same companies that were on top of the Bioinformatics survey.

So we decided to put the Red Funnel research team into action to dig deeper and determine what separates these few companies consistently from the rest from a search/optimization perspective.

Results

Cover of Web Tactics That Propel Antibody Vendors to the TopThe result is our first white paper – Web Tactics That Propel Antibody Vendors to the Top. Which is available for free to our subscribers.

Here’s some examples of the results in the report

  • 385,000 annual searches for the top 44 gene specific antibodies entered into Google last year.
  • 19 suppliers appeared on the first page of Google results in total for the top 44 antibodies.
  • 4 important site code optimizations of the top ranking suppliers were uncovered.
  • 100% correlation to page one ranking for one of the factors we examined.




Although the results are directed to marketers for antibodies, we believe they are applicable to those marketing any life science products online to scientists. These principles hold true whether you are selling kits, antibodies, or microscopes.

How the study was conducted

Red Funnel used tools freely available to the public online and…

  1. Determined the most searched specific antibodies by scientists in Google.
  2. Determined the “best phrase” used by scientists most often in their Google Search bars. For example – “actin antibody” vs “anti-actin”.  For more on this see ‘Learning to Speak Scientist.‘.
  3. Determined which companies rank on the first page of Google for the top antibodies.
  4. Examined 30 different suppliers to determine whether they sold the top 44 antibodies.
  5. Ranked suppliers by percentage of products appearing on page 1 based solely on the products they sold.
  6. Compared the web tactics of the companies that appeared often to those that rarely or never appeared to determine why.

How to Get a Copy

The article is available to our subscribers for free download.  Just follow a few simple steps to confirm your email address so our email provider knows that you requested it and it’s not spam. Once you confirm, you will receive an email with a link to download your free copy.

If you are already a subscriber, check your inbox for the download link in our latest newsletter or fill in your name and email and you will automatically be redirected to the download page.



Advertising Directly on Journal PDF Printouts = Branding



Advertising Directly on Scientific Journal PDF Printouts


by Rusty Bishop

As you all know, I’m always on the look out for new and interesting ways to inform scientists about products, be it Jove, tradeshows, or web tactics.  In this week’s article, let’s see why advertising directly on scientific journal PDF article downloads is a great way to target and brand products for life science marketers.

The punchline – Navigate over to the Journal of Immunology, download any random journal article, and check out the banner ad that gets printed directly with the PDF.  Hard to ignore it, right?



Why PDFs matter to scientists



In the world of iPads and personal laptops, it may be hard to imagine that people still print PDFs and read them offline.  However, it is extremely common for scientists to print journal articles and read them at the coffee shop, take methods sections to their bench as marked-up protocols, and pass along to other scientists.

Consider the ubiquitous Journal Clubs that are present in every academic science department (sometimes with multiple focuses – Genetics, Immunology, Parasitology).  Scientists are required to participate by reading the article and discussing it in a round table format or in large auditoriums.  If you were to visit one, you’d see scientists with dog-eared copies of articles they printed from PDF files.

Many older articles are only available as PDFs, so when a scientist browses to their webpage the PDF automatically downloads.  You could put all the banners on the page you like, but no one would see it once printed.

So the bottom line is scientists download PDF files of journal articles to read and often print them.


Advertising Directly on Scientific Article PDFs



One of the things Red Funnel does for clients is help uncover interesting citations and methods using their products published in the scientific literature to post on their websites or include in marketing material.  (See the comments on Digging into Scientists and Social Media for some thoughts on this)

Last week, I downloaded a PDF from the Journal of Immunology to review and noticed a banner ad on the cover page for the antibody company, BioLegend.

Advertising on Journal PDFs - Red Funnel explains

Red Arrow Shows the Biolegend Ad on My PDF

I thought, “Man, that is clever. An antibody company that focuses on Immunology inserting their product advertisement directly onto a PDF article about Immunology!”

That is targeting at its finest.

Think about all those immunologists downloading Journal of Immunology PDFs and seeing the BioLegend banner. Even if they don’t buy the product, branding is accomplished.

BioLegend = Immunology Antibodies.

Who else might benefit?  ELISA companies, recombinant cytokine manufacturers, FACs companies, animal suppliers to name a few.

Furthermore, when I scrolled over the banner, I noticed you could even click through to the BioLegend website. Of course, this does nothing when you print the PDF, but what if I emailed the article out to the 30 scientists in my Immunology Journal Club? One ad view becomes 30! I like that math, don’t you?

I downloaded the Journal of Immunology 2010 Media Kit to try and figure out what “on-PDF advertising” costs.  Oddly, this type of advertising is buried deep on page 8 of the kit and says “call to inquire.”

Regardless, “on-PDF advertising” is a pretty interesting tactic for life science marketers. I’d be curious to hear from the readers if you’ve had successes or failures with this type of branding.  Also, any other Journals that offer “on-PDF advertising” and a cost estimate.


Rusty is not an immunologist, but he does know a pack of them. Red Funnel is not associated with the Journal of Immunology and doesn’t receive any payments or kickbacks from the publisher. We DO get paid to help life science companies DISTINGUISH their products from the competition!

Can Someone Sell Me a Fluorometer Please?



Scientist using the liquid nitrogen container with gloves

sell me a fluorometer?

For those that dont know me, I am in the last days of my lab career moving towards full time consulting for life science suppliers here at Red Funnel Consulting.

I’m a little frustrated this morning. My PI is very upset with me because I have not been able to get a new Fluorometer into our lab. We’ve been borrowing a plate reader since our’s crapped out and everyone is tired of walking upstairs etc. I assured him that quotes were coming from several major manufacturers any day now, but he decided to take matters into his own hands costing someone out there a large commission and me some respect. Bummer.

Here’s the sad story….

Two weeks ago, I went to the Experimental Biology/FASEB Meeting in Anaheim with a mission to find the best fluorometer possible for my lab. I was pretty confident since I’ve spent the last 2 yrs learning about life science product manufacturers and had made a list of nine companies with booths at the meeting that all sold fluorometers. My budget was $30,000.

After introducing myself at the booths, I told the reps I was in the market for a fluorometer with immediate need for my lab, my budget, where my lab was, etc. For the most part, the reps were reasonably good at explaining in heavy detail what their fluorometer/plate readers could accomplish. Several had floor models I could test drive and some had product brochures and or catalogs to point me in the right direction. So far so good.

I asked all nine companies to send me a quote or more information and to have my local rep contact me. Each one got my business card. After that I spent the rest of the day visiting with companies to tell them about How to Sell to Scientists and left with confidence.

The Follow-Up?

After getting back to the office, I spent some time looking over the web pages for the fluorometers and decided on two models to bring into the lab. But I wanted to wait until the reps contacted me to be certain, perhaps I could see a machine on campus to test drive etc.

2 days went by – No calls……. No emails…….

Then 1 week. No calls……. No emails……. my boss starts giving me the “I thought you were an expert at sourcing products Rusty?” kind of talk. Other post-docs were razzing me every time they had to go upstairs.

Finally 4 days ago an Invitrogen rep got back to me by email with links to their product website and promise to call me asap. Nice! Now Im getting somewhere.

But I haven’t gotten a call……

The fall out…

Today its over. Out of my hands. How can that happen? At 20% commission a $20,000 fluorometer would have made one of those reps $4000! Is there really so much business that not one person wanted ours?

Looking back I guess I should have been more aggressive and proactive with calling the reps myself and following up. But there has got to be a better way! Why were those companies even having a booth at EB if they didn’t want a hot lead? I’m confused about the purpose of the booths if its not sell products to hot leads what is it?

Mark Walker’s (the Sales Guy) Response…

Right now,  managers are pulling their hair out in bunches. How much did it cost the company to buy booth space, ship it and staff it?

Many times, leads from a national tradeshow get collected and then sent off to the responsible field reps.  There they sit–in excel spreadsheets, emails, and scraps of paper. They sit, not necessarily because the reps aren’t effective, but largely because they don’t know the value of the lead.

In a previous post on Lead Management, I mentioned the importance of having a process of rating the leads that both marketing and sales can agree on and implement.  With no priority or a unreliable assignment (no guidelines), reps believe they will need to further qualify these leads. If provided leads in the past have been losers, the assumption is that these will be too and will fall down to the bottom of the “to do” list.

Here are some suggestions to reduce the chance of lost leads from Trade Shows.

1.  Have a dedicated team follow up on information requests.  This could be an inside sales team that absorbs this task or an administrative team given direction on what is needed. Ensure that the basic request for information is fulfilled and then pass it to the rep responsible for closing. The lead scanner that outputs paper  or an electronic file (compiled after the show) is not that conducive to fast follow-up. Consider hiring someone to input the paper leads into your CRM right there at the show so the follow-up process is not held hostage to clunky systems.

2. Follow up immediately. By immediately, I mean send a follow-up email from the show or at the end of that day. The excuse that most researchers are out for a few days anyway and won’t access email is gone. With the use of mobile devices, researchers get the information immediately. Working in collaboration with others, lab mates may be waiting for the recommendation from your booth visitor. They forward the emailed information and you are closer to a sale

3.  Plug the leads into your CRM system.  You have to be able to track these leads and the follow up activities associated with them.  Someone has responsibility. How do you track leads in your organization? And more important, do you track the outcome?

4. Train your booth staff. What is a high priority lead and what needs to happen?  If a scientist comes up to you and says, “I need to buy one of your products”, that is a no-brainer. But do they know what to do?  Is there an established process or do you let Reps in the booth handle them they way they think makes sense?  Try an incentive system that will provide some compensation for a booth leads that ends up in a sale, even if in the field a month down the road. Word will get around quickly and you will have reps tuned to be more effective in helping interested customers and closing the loop.

Answers to Your Questions about Red Funnel



By Rusty Bishop and Mark Walker

Last week, we visited the exhibit floor at the American Association for Cancer Research (AACR) in Washington, DC. Our focus was to meet you all in person and introduce the blog to life science representatives that might benefit from what we do.

We really had a great time meeting up with old friends and getting to know some new ones (Rusty had a little too much fun at your parties). This was the first time we had a chance to introduce the blog in person and we were blown away by the response.

Thank you sincerely. We hope you enjoy it and actively participate by commenting and suggesting new topics for discussion. Your knowledge and experience are invaluable to your peers.

Some great questions came up about us and what we do. We tried to address them at the time but inevitably, we may not have had a chance to speak to all of them. Here are a few of the more common questions:

Are scientists upset that you are giving tips and hints to companies on how to sell to them?

Don’t think so. The fact is that scientists need your products to get their work/project done fast and right. If we can help sales and marketers better understand what scientists need in the way of information to help make decisions about products and services, everyone wins. Companies and their representatives need to think solutions, not products.

Is HowToSelltoScientists.com a formal training program?

No, its not a training program. It’s a free blog that touches on topics like how to sell to scientists. We had to chuckle a bit at that because in one sense, we can see how that someone could interpret the site name that way. However, since it came up more than once, the implication is that some see a real need for better training at the Sales and Applications Specialist Level, voiced even by former scientists now selling. Even though we don’t do formal training, we do offer webinars or seminars about our experiences and opinions about selling to the researcher customer.

If the blog is free, how do you guys make money?

No one actually ever said those exact words but we can read body language. We consult with companies that want their website to attract more scientists and convert more visitors into leads and sales. We talk to sales and marketing groups about our thoughts on how to successfully (you know the rest)… sell to scientists. We also create tools that enable companies to better understand and service their scientist customers (see the free search tools on the site here). We write the blogs and give away free ideas to give you an hint of how we think and what we bring to the table so that when you are thinking about getting some outside help, you think of us.

When did you start Red Funnel?

Early in 2010. Over the last 3 years, we worked on a few website projects together for other life science companies and got to know each other. Since we have different experiences and backgrounds (Rusty=scientist, Mark=business guy), we look at things from different perspectives. We don’t always agree on everything but the benefit to our clients is that we challenge each other to bring the best possible recommendations. We’ve got a passion for helping companies succeed in reaching scientists. It’s fun and it we are having a blast.

Why Red Funnel?

We wanted something memorable which reflected our focus. Everyone is familiar with the sales funnel and our effort is geared toward all the activities that increase the number of scientists that are in your funnel. Oh, and we like the color red.

Thanks again to everyone who was so encouraging at AACR. We want to hear from you and we will do our best to make this a valuable resource to you.

Invitrogen Head of Sales on How to Sell to Scientists



How To Sell To Scientists is happy to welcome Mark Walker former Director of Sales at Invitrogen and VP of G&S Discovery to our team.  


Mark will be bringing you a lifetime of experience in selling to scientists in every facet of the business from academia to biotech to forensics specialists. 


He has supervised large sales teams in the life science sales and helped Invitrogen along their meteoric rise. With G&S Discovery, Mark has incredible knowledge of marketing and selling to researchers and large research organizations. Most recently, he created and developed an online data service (NaviGRANT) that aggregated and presented life science grant information to help companies understand what their research customers are working on and employ more appropriate messaging. 


For a first glimpse at what Mark brings to the table please read his recent article about training your sales force on your website.

Welcome to the team Mark!

Welcome to How to Sell to Scientists



Welcome! If you’re reading this you want to know to more about how to sell and market products to scientists. I created this blog to write about the things I’ve learned by watching you all try to sell me kits, reagents, equipment, animals, and services for the last 17 years and about the techniques I’ve learned running my websites Scientist Solutions.com and the soon to be launched Gatcat.com
 

Many of you, like me, spent some time in the lab either as an undergrad, a technician, a graduate student, and beyond. Then one day you woke up and said to yourself, “Lab work kinda sucks, I need to get a job and a life.” Now you find yourself as a salesperson for Life Sciences Product Vendor, or something to that effect, and suddenly You are that person wandering through the labs “looking for the lab manager”, trying to meet the PI, or just trying to bribe anyone to actually talk to you with some doughnuts and pizza.
 

Ask yourself (and be honest)…
 

“Did that work on me?”
 

“Did I ever buy anything because of a pizza party?”
 

“Did I really talk to vendors at MegaConferences or just try to win the ipods and get T-shirts?”
 

I bet the answer is you bought the products that the post-doc next to you or your buddy in another lab was using or, you bought the product described in the methods section of your competitors’ recent manuscript (the one that scooped you).
 

So now ask yourself as a salesperson, why would a scientist buy this kit, antibody, reagent, microscope? What would FORCE me to buy it if I was still in the lab?
 

Check back for more ideas regularly and of course comment all you like. I have thick skin after all those paper rejections and grant denials.

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