MarketStar Blog

In the world of digital advertising, achieving sustainable and profitable growth requires a strategic approach suited to various stages of business maturity.  Identifying the stage you’re in and its corresponding challenges and goals will allow you to make informed decisions and choose the right partners to help you accelerate your growth.

Let's explore the maturity levels of digital advertising operations and highlight their unique characteristics to help you find out the stage you're in and ways to level up faster and more efficiently. 

There is no doubt that the rise of AI tools in sales has the potential to revolutionize the industry. And whether we love it or not, AI is here to stay for a while. It appears thatthe majority of high-performing sales organizations (57%) are using the technology to improve internal processes and customer experience and studying Salesforce’s “State Of” Report proves that this number is on the rise.

The capability for AI to transform the sales industry is vast, and its adoption is only set to increase. As businesses become more data-driven and customer-centric, there is an increase in the need for AI tools to manage and analyze customer data in real-time. And with the market for AI software expected to reach $37 billion by 2025, there is no doubt that the sales industry will be a major driver of this growth. However, the potential of AI extends far beyond what we have seen so far. As the technology continues to evolve, we can expect to see even more innovative applications emerge, from complex predictive sales analytics to even more developed automated customer service. Today, with Open.ai’s Chat GTP writing page-long text in seconds and algorithms inventing drug molecules to cure OCD, the array of AI capabilities seems endless, and so do the opportunities to leverage artificial intelligence.

Growth is a positive thing. Whether it’s financial or personal, growth means progress. When we talk about the growth of a business, we are referring to the process of increasing the size, revenue, and market share over time. At MarketStar, we are proud of our purpose to “Create Growth”, because over the last 35 years this is what we have done successfully for our clients and our people all over the world. However, the growth we create isn’t about a quick fix and rapid expansion.

Practicing the art of creating sustainableand profitable growth is a combination of expertise and experience. And while it may appear easy on paper, there are numerous examples of companies who could not keep up with their own growth. We often find that organizations focus on intense growth instead of creating scalable processes to sustain that growth in the future. According to Business Harvard Review“today’s medium firms are larger and older than at any other time in the past 35 years; yet an increasing percentage of medium firms incur losses, have lower profits, and have lower growth despite spending larger amounts on experimentation and innovation.” 

An influx of sales outsourcing companies in recent years is a sign that many organizations take advantage of this business model as a great way to get the expertise and resources needed to scale, expand into a new market, add specialty roles, or improve their customer's buyer journey.  But the more choices we are presented with, the harder and longer the decision process, and finding the right partner can be the difference between success and failure. To help you make this important decision, here are some key considerations when evaluating potential outsourcing partners.

As you're coming to the end of Q4 and have more and more reports coming your way, a realization of what this year's numbers mean starts to sink in. Your team won't make it. And you don't know why. You hired promising salespeople; your marketing team seems to know what they're doing, and you know that what you sell hits the mark. You can't blame the economy; seeing how well your competitors are doing. It appears like your team is doing the best that they can. Then why are you thinking "why is my sales team not performing?" and "how do I fix this?"

Let's have a look at some potential problem areas and answer some questions to find out how you can turn your underperforming team around.

A "new normal" world with what appears to be a global recession on the horizon, increased cost of living, and 8.20% inflation in the US as of today is not an ideal environment for companies to thrive in. 

Sales as a Service is growing in popularity year by year with an increasing number of executives seeing the enormous value that Outsourced Sales bring to the table. The high cost of living combined with the long and costly recruiting process, expensive industry turnover, and a future that isn’t very predictable are only a few challenges faced by many organizations today.