The Competitive Advantage

June 24, 2025

Want More Sales Success? Slow Down!

I was having a conversation earlier this week with one of my clients about his sales process. He had what was ostensibly a two-step process: Connect with someone on LinkedIn, then get them to see his software demonstration. And while he had decent success getting connections, and even some success getting prospects to sit through a demo, not much was happening after that. My advice to him? Slow down.

June 11, 2025

Skills Training? It’s Not Just for Research.

I was reading an article the other day entitled, “14% of Our Sellers Drive 80% of Our Revenue!” Kind of a staggering statistic… but not all that surprising.

Are you familiar with the Pareto Principle, also known as the 20/80 Rule? The theory applies to a lot of business situations… for example, that 20% of your clients generate 80% of your revenue; that 20% of your services drive 80% of your profits; and in this case, that 20% of your sales team generates 80% of your sales.

OK, but what if you’re a sales team of one (or two or three), as is often the case with small research firms in our industry? Well, statistically speaking, you likely fall into the 80% (industry-wide) of those who are not generating as much revenue as the other 20% in the industry. Sorry… no offense.

June 2, 2025

Churn Baby Churn, Part 2

The REAL reasons clients leave you.

In last week’s blog post, we explored why it’s so important to focus on keeping and growing your existing clients… that is, to minimize ‘churn.’ And, in fact, it ought to be your #1 priority when planning for revenue growth!

The question is, why do you have churn in the first place? That is, what are you doing – or not doing – that causes seemingly good clients to leave your firm and take their business elsewhere?

May 29, 2025

Churn Baby Churn!

One of the tools we use when onboarding a new client is something we call the ‘5-Year Revenue Review.’ It’s a report that your accounting team can easily provide: Revenue by Client by Year for the past 5 years. And what you can learn from it is interesting and eye-opening.

Many business leaders regularly look at revenue year-to-date and compare it to last-year-to-date. And that’s fine. That trouble is that even if there’s overall growth, it may be hiding problems lurking beneath the surface. But when look at a 5-year report, you’ll see gaps and trends in the data that a 2-year analysis can’t reveal.

May 6, 2025

Build Your Awareness… Build Your Business!

There are a couple of statements I hear fairly often from MR firms, especially smaller ones, and they go something like this… “We’re a well-kept secret” or “We want to break into a new in industry, but no one knows us there.”

These two statements get at an immutable truth… that buyers can’t buy from you if they don’t know you exist.

April 30, 2025

The Job of a Sales Manager? To Manage AND Coach!

Part 4 of a 4-part series on managing seller-doers.

When we hear the term, “sales manager,” most people think about that person managing their sales team. Not only is that job description incomplete… it’s also wrong.

In a nutshell, the role of the sales manager is two-fold… to manage the sales process and systems and to coach the members of their sales team. Let me explain…

April 22, 2025

Create a Seller-Doer Commission Plan to Achieve Your Desired Results

Part 3 of a 4-part series on managing seller-doers.

In Part 1 of this series for those managing a team of seller-doers, I wrote about creating a sales culture in your organization. In Part 2, we explored the process for creating your sales plan. And in this part, we’ll talk about compensating your seller-doers for their sales efforts.

Introduction

There are too many types and variations of compensation plans to explore them all, so let’s focus on the most common structure: a base salary plus commission plan, where a commission is paid as a percentage of sales.

Why Sales Commissions?

There are two reasons that a firm would/should elect to install a commission plan for its seller-doers…

April 15, 2025

What the Masters Teaches Us About Building a Brand

I’m interrupting my 4-part sales management blog series (back next week) to talk about brands, logos, and customer loyalty. I had the opportunity to attend a day of the Masters golf tournament last week (yes, that’s my wife and me at Augusta National). It was my first time… and something I’ll never forget.

A few years ago, I wrote a post about going to Disney World with my family… and what a great job they did with their entire brand, paying attention to the details and creating an amazing customer experience. Well, I think that the Masters (and Augusta National) does just as good a job at that, if not better! Here’s why…