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NEWSLETTER June 2009 The Power of Hello. DON'T STRUGGLE - PLAN FOR CHANGE
A recent study by Network Solutions and the University of Maryland shows that marketing/innovation is the single biggest competitive disadvantage confronting small business, after access to capital. In fact, converting marketing leads into buyers and finding efficient ways to promote and advertise are two areas small businesses say they struggle the most with. I am continually amazed - unfortunately - at how sales people make life difficult for themselves and are regularly struggling to get NEW business and ignoring both existing customers and their existing connections/contacts.
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Florida is a haven of networking activities. Many of my own peers are out morning, noon and night making contacts and looking to get or give business. Nothing wrong with that. What is wrong though is the energy that is NOT spent cultivating these relationships, prospects and customers for new business, repeat business or any remote sign of business. Business is tough. It is THERE, however. You are making it tough on yourself to succeed and get business. A number worth knowing, 38% of your contacts will change company or their role will change in a year. This means that you have got to be in touch with your contacts regularly to find out about that change and what impact it has on YOU and THEM. The DM who was authorized to purchase from you 3 months ago most likely now has not got that authority or his budget has been changed. You were planning on this sale; you booked your next holiday (whoops, vacation) counting on that commission. Some recent true stories, sad but true:
These are not mega-deals, not millions of dollars of lost business but these are lost opportunities that were EASY. I hear these stories all the time. You have got to plan for your future and know that that future is a changing landscape - keep in touch with everyone that you can. TIPS The easiest part of making phone contact is the phone call. The hardest part is the planning. Set aside 2 hours a day to do nothing but make calls - to absolutely everyone. Get into the habit and then you can start being more choosey and creative in your marketing. Create that time for connecting. TRICKS Listen and use the words your prospect/customer uses. If they say they need something that will have adaptability. Don't inject your own, and say that your product is, for example, flexible. They said that word for a reason and that is their interest for an equally valid reason. This will bring you on parallel with the person and demonstrate your own interest in their needs |
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QUOTE OF THE DAY:
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| Kathy
Pabst Robshaw The Total Telephone Effectiveness Company www.telephoneeffectiveness.com kathy@telephoneeffectiveness.com
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