The Competitive Advantage

March 2, 2023

It Really Is All About the Customer Experience

For Christmas of 2021, my wife and I bought our daughter and her husband, a Nespresso coffeemaker to replace an old Keurig machine that went kaput. And they loved it and have been using it ever since.

But recently, they started having some problems with it… and here’s where the story gets interesting.

February 14, 2023

The Biggest Challenges to Revenue Generation

At the Insights Association’s CEO Summit last month, one of the presentations highlighted the results from a survey that the association conducted of its members. And one of the topics was on growing revenue. Ahhh… music to my ears.

In the presentation, they reported on the top three obstacles to growing revenue:

1. Getting qualified leads
2. Recruiting more effective sales professionals
3. The cyclical nature of the seller-door model

And while it’s hard to argue with the results of the survey – and I’m glad to see that these firms recognize these issues – what’s interesting is that I don’t see very much being done to address them!

February 7, 2023

Want to Achieve Your Sales Goals? Achieve Your Activity Goals First!

As I write this, it’s early February… and even though it’s only been a little more than a month since ‘New Year’s Resolutions’ went into effect, 90% of them have already been busted! Why is that?

January 31, 2023

Get on a Plane… Go to a Conference

As I write this, I’m 30,000 feet in the air heading home to Nashville from Miami, where I participated in my first conference of the year – the Insights Association’s CEO Summit. It’s just my third conference in the past 12 months, along with Greenbook’s IIeX event last Spring in Austin and the Quirks Event in New York this past Summer.

And the result of attending all of these conferences? Exactly the same… and I mean that in a good way:

January 17, 2023

Establishing Your Marketing and Sales Priority for the New Year

I came across an article this morning in my daily online reading entitled, ‘5 strategies B2B marketing and sales teams can bank on as markets tighten.’ Looks interesting, I thought… so I clicked on the link to read it.

And while the overall article was just OK, the first item on its list is what really caught my eye: ‘Stop chasing leads, double down on customers…’ The author is right, I thought… but only partially.

Doubling down on customers shouldn’t just be your top priority during difficult times, it should be your top priority ALL the time!

December 28, 2022

The Top 10 Blog Posts of 2022

Over the past year, our blog posts were read thousands of times. To all of you who stopped by to take a peek… thank you. We hope you found the articles to be interesting, helpful and maybe even a little inspirational.

Secondly, our blog now houses more than 500 articles on sales and marketing (this is actually #521), all related to growing your business in our industry. And the fact is, if you keep reading them… we’ll keep writing them.

December 21, 2022

Are You Prepared for Sales and Marketing in 2023?

As 2022 winds down, and you start looking at your sales and marketing efforts for 2023, there’s one question you’re probably asking yourself – like we all are – and that is, “How do we grow [more] next year?”

Before I try to answer that question, let me share one of my favorite business philosophies… “If you keep doin’ what you’re doin’, you’ll keep gettin’ what you’re gettin’.” The fact is, if you want to grow in 2023 – or grow more than you did in 2022 – you’ll have to try something new. Or maybe several somethings. Maybe this is the year you test LinkedIn advertising, create some videos or employ SEO in your marketing. Or finally pull the trigger on hiring your first full-time sales rep.

Whatever it is… you need to embrace it. If not, then the best that you can hope for in 2023 is exactly what happened to you this year.

December 13, 2022

Setting Your Sales Goal for 2023? You’re doing it wrong!

Right about now, management teams from firms all over our industry are gathering around conference tables to make plans for next year. And one of the key items on every one of those agendas is, “What’s our sales* goal for 2023?”

[*For those of you afraid of the word “sales,” insert “revenue” here.]

Too often, the management team will defer to the president or CEO, who picks a number ‘out of the air’ because that’s what he/she would like to see happen in the next year. Sadly, very little thinking has gone into the president’s sales goal… it’s mostly gut feel and hope.