Showing posts with label sales. Show all posts
Showing posts with label sales. Show all posts

Feb 23, 2012

Lessons from the ePharma summit



It was a pleasure to participate this month in the ePharma summit in New York, giving a lecture entitled, "Transform Your Organization through Interactive Selling." The messages of gearing your whole organization for iPad selling, segmented messaging and measurement were quite resonant.
Please feel free to contact me for a copy of this presentation.

There were other lessons as well.

* Mobile pharma applications are increasingly common, and vary from text messaging to full scale applications.

* Social media presence in pharma remains predominantly corporate, but content is reaching out to consumer submissions.

* Professional non-personal and multi-channel promotion has become manstream, and solutions are proliferating.

All in all, a dynamic marketplace for sure. Keep reading here for the latest. Or read The Bloc's latest on Convergent Times.

Sep 26, 2011

Lessons from Industry Conference on "Next Generation"

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Several lessons were learned at last week's Next Generation Pharmaceutical Sales and Marketing conference in Philadelphia, at which The CementBloc had a panel and a booth.

The predominance of analytics and accountability was quite apparent, as several presentations discussed the need to measure effectiveness of initiatives. There was a start up company bringing dashboards across mobile applications. Another innovative vendor promoted multichannel analytics for "software as a service."

Representatives from BMS and sanofi-aventis discussed centralizing their closed loop marketing practices across categories.

Others emphasized the increased complexity of the pharmaceutical customer base, such as integrated delivery networks, and a resulting need for Strategic Account Management.

At The CementBloc, we emphasized our Convergent Branding across channels and in a panel marked by lively feedback. It was a pleasure participating.

Jan 21, 2011

Cloud Computing and iPad based selling



We have seen before in this blog: the mad rush of pharmaceutical companies to develop sales force selling "detailing" materials on the iPad. A nice perspective on this is provided by Eye for Pharma The appeal in terms of cost, ease of use, and the flash factor is irresistible. The initial wave has been primarily in the guise of developing nice visual detail presentations. The CementBloc is one agency that is developing iPad based selling capabilities

The first wave of iPad based selling has been divorced from other sales functions.
But what about more complete sales force automation (SFA) systems? Since the iPad is so new, and not directly compatible (yet) with traditional pharma infrastructure and databases, it is not surprising that SFA would be delivered via cloud computing. What is cloud computing? -- internet based servers, using software as a service rather than infrastructure investments. The WSJ has a nice overview of cloud computing, or for more technical, see Infoworld.

A case study from cloud computing developer Veeva, on Millenium Pharmaceuticals sites a sales rep solution, to save IT costs. But this was using more traditional PC based clients.


The latest, according to Medical Marketing and Media, iPads will in February be enabled with sample signature capture using aVeeva systems new sales platform called iRep. The company reports it is compliant, and that several pharma companies have already signed on for the February launch.

Once sample signatures are solved, the rest of SFA on iPads in the clouds will not be far behind.

Jan 19, 2011

IMS acquires SDI: the data firm nesting continues




The news that IMS Health is acquiring SDI (see IMS press release here) is a jolt to those of us who have worked in the pharmaceutical data industry for ten years or more.

Both companies declined to discuss the acquisition beyond a joint statement released last Friday afternoon. Unnamed company sources told Ed Silverman, who first reported the deal on his Pharmalot blog, that as much as 15% of SDI's staff could lose their jobs as a result of the acquisition.

Gary Gatyas, an IMS Health spokesperson, declined to speculate on timing for the completion of the deal, citing pre-merger notification requirements with respect to the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

SDI itself was made larger by the acquisition of Verispan in 2008. Verispan was in fact a conglomerate formed by the 2002 combination of multiple data vendors like Scott-Levin, SMG, and Kelly Waldron. This reminds me of the Russian nested doll pictured here, the matryoshka.

Why have there been so many combinations in the data, and informatics consulting business? Driven in part by profitability issues, intense competition, adn the mergers of the pharmaceutical manufacturers themselves,

If this deal goes through, With this latest IMS acquisition there will come a short term hassle for major pharmceutical clients in 2011 as the landscape gets sorted out. Then longer term, there will be less competition for information sources, and perhaps slow down the rate of innovation.

Sep 23, 2010

Tablets - An ever more crowded market



There is a near explosion of the number of electonics manufacturers delivering tablets to market. This Wall St Journal article and table points out how the market for tablet hardware is getting ever more crowded.

What does this mean for pharmaceuticals and healthcare. We have spoken about sales forces delivering messages on tablets, and there will be more options. Lenovo is present for multiple pharma companies. Screen size is an important factor when showing sales visual aids and KOL videos to a physician. But ultimately the winner of the sales presentation race may be based on software adptation -- the SFA contact managment systems, as well as the presentation software, and the feedback loop systems. Which platform allows for the development of these sales force utilizities with continual enhancements and intelligence?

From a consumer standpoint, patients are acquiring tablets like IPads and health related apps are incrasingly coming to market.

From a physician practice managmenet standpoint, if electronic medical records and billing systems can become tablet compatible, then we may have convergence. Patients and doctors can share "apps" and clinical results as their health dialogues become more quantitative and more meaningful.

These developments will be rapid over the next several years.

Aug 21, 2010

Busy time of year...




At our agency, The CementBloc , it is a busy time of year! Which is a good thing. A terrific confluence of 2010 projects coming to a crescendo, new business ideas getting funded for the rest of the year, and 2011 marketing and promotional planning.

This is an optimistic time in terms of healthcare technology, analytics, and relationship marketing.

Aug 10, 2010

Sales Reps and Customer Relationships




A recent news item in Medical Marketing and Media pointed out that GlaxoSmithKline will reward its sales reps for the relationships they forge with doctors, and is developing tools for these evaluations.

There are already several approaches to evaluating a company's sales force, such as the Scott-Levin survey of sales rep performance. However, this new approach by GSK is geared toward evaluating individual representatatives. There may be several methods to the tactical measurement:

* The first that comes to mind is a direct survey to a represenative's called on physicians, asking about that rep's performance and added value. It could be conducted online, via phone, email, or even within the sales rep tablet after calls. One challenge may be the busy nature of the physicians' day, which can impact expected completion rates of the surveys.

* An alternative can be development of business plans by sales representatives for their key accounts, including insititutions and group practices. The business plans are scored at year end by achievement of valuable activities with these customers, perhaps correlated with sales figures.

* The more fundamental question is "what is customer satsifaction" for healthcare professionals? The same types of questions come up in developemnt of PRM: often this means helping the professionals grow their practice, handle bureaucracy, manage their time, and better educate their patients.

This taxonomy of healthcare professional needs is a good place to start, whatever the evaluation tool and channel may be.

Jul 28, 2010

E-sampling versus Rep Delivered




A recent report from MMM cites a DTW Market online research study claiming that primary care doctors prefer personally delivered samples to E-sampling . While this may be understandable, E-sampling is an irreversable trend.

It is not surprising that for PCPs favorable to both, rep delivered samples are preferable, as the physician can request directly from the sales rep how many samples, and may get other clinical information, education, and services as well. It is a passive endeavor for the PCP, even if it comes at a busy time of the day.

Not all companies are currently offering E-sampling, and the distribution is not standardized. The implementations can come with restrictions as to who can get samples, and how many, as well as a workflow process that physicians or staff members need to step through. For that reason, the electronic version may be less preferred, even by online doctors liek those PCPs surveyed in the study..

But E-sampling is here to stay, and its usage should grow. It allows for more control, and in the long term should more cost effective, for pharmaceutical companies.

Jun 26, 2010

Apple IPhone and Company Sales Forces



The Wall Street Journal notes this week that Apple IPhones are increasingly being used by businesses, including the Bausch & Lomb Inc. salesforce of 1200 people. Some corporate I.T. departments are now supporting Iphones at similar numbers as Blackberries. This is due largely to enhanced security features, as well as employee demand.

This may be a significant turning point.
There are already consumer IPad applications available: for patients to manage chronic conditions like diabetes and their associated medications.

I am occasionally engaged in consulting projects on PRM and sales force tablets, and am asked about new platforms like the Apple IPad for professional selling. As soon as we see more sales force related applications, and with assured information security, this is likely to come to pass within the next two years. Which sales force automation companies will lead this development? And which pharmaceutical sales clients will be the first in the field?

Apr 22, 2010

Reinventing Web Analytics on the Sales Tablet

Brand and business goals remain the best way to measure impact of a promotional tactic. However, this truism is not always applied with new technologies

Many pharmaceutical companies are now selling with digital tablets, where almost every click the sales representative makes can be measured, and time tabulated. These tablets generate sequential data streams, which are sometimes measured with basic KPIs like time spent, and the order of tablet slides used.

This is reminiscent of the early days of website analytics ten years ago, where the metrics often cited were page views and time on website. Back then, those were used as KPIs because they were reportable in the elementary "web log" systems.

However, whether it's websites or sales tablets, the objective of engagement within a channel is to achieve a business goal. Therefore on websites, we now measure funnels to goal pages like CRM registrations, and consumption of segmented content areas.

The same should hold for sales force tablets. Think about your brand goals,and what particular sections of the tablet presentations are most aligned toward achieving those goals. Measure consumption of those sections as a valuable indicator of success.

Feb 21, 2010

Feedback Loop in Pharmaceutical Sales

Increasing numbers of pharmaceutical companies are investing in tablet PCs for their sales forces. The motivations are multiple, including regulatory as described in a recent Wall St Journal article.

See this link from MedAdNews by Steven Niles on the Feedback Loop enabled by electronic sales tablets. The by-line is somewhat ambitious: "New technology is making closed-loop marketing more effective and creating a stronger connection between sales and marketing through real-time feedback from physicians."

However, an incremental phased approach should be taken to develop a feedback loop. Think about what types of information can be shared with sales representatives without distracting them.

Plan quarter by quarter as to what can be achieved. Feedback may be partly manual at the start. Develop a measurement plan, and continually optimize and improve each quarter.