The Competitive Advantage

April 12, 2022

Think-Plan-Do #2: 3 More Smart Ideas For Your Marketing & Sales

This is the second in our new once-a-month Think-Plan-Do blog series where I’ll share three low-cost/no cost ideas to help with your sales and marketing efforts. [You can read the first one here.] This month, our three topics are:

Think: You have two kinds of clients

Plan: The sales pipeline report

Do: Tips for your capabilities presentation

February 22, 2022

Take Charge of Your Firm’s Growth

When I chat with the owners of market research firms across the U.S. about the growth of their businesses, three primary strategies rise to the top:

1. Referrals
2. Key contact relocation (they leave and take you with them to their new employer)
3. Repeat clients

And if these are among the top drivers of the growth of your business, too, you need to be concerned. Why? Because in every one of these very common scenarios, you are relying on someone else to make your firm successful. Is that really what you want?

January 11, 2022

8 Last-Minute Ideas For Your 2022 Sales & Marketing Plan

Is your 2022 sales & marketing plan done? If your firm is like a lot of others, you might still be wrapping it up. And even if it is done, it’s supposed to be a living document… to be updated/changed as the year progresses. In either case, I wanted to share a few last-minute tactical ideas for you to consider adding to your plan.

September 14, 2021

Too busy for sales and marketing? Stop lying to yourself!

Most every firm I’ve spoken with of late is doing pretty well – business picked up in Q4 of last year and continues to be strong. And while some experienced a bit of the traditional summer slowdown this year, nearly all are expecting a very strong fourth quarter again. And that’s great! We should all enjoy and benefit from a strong business environment.

But there will be a downturn in business at some point… no one is sure when… but it’s coming. It always does. Are you preparing for it now?

June 1, 2021

Creating a Sales Culture is Critical to Success

Firms in the Market Research industry are, by nature, operationally-focused. You manage your businesses around delivering services to clients, almost always one project at a time. Virtually everyone on staff is there to contribute to the projects. It’s what you do and who you are. New clients come to you as a result of the good work you do and word of mouth.

Then you make the decision to become more ‘proactive’ with your sales effort. Maybe you bring in a full-time sales rep… or designate a couple of your senior staff as “seller-doers.” Either way, the chances of success with your new sales efforts are dramatically enhanced if you can help to create a ‘sales culture’ within your organization. Without it, you’re likely to stir up rumor, speculation and a lot of resentment.

December 15, 2020

Selling is a Solo Act… But It’s Also a Team Sport

In the world of sales, connecting with a prospective buyer, establishing a relationship, building trust and then finally asking for the business is very much a 1-to-1 endeavor. It’s just the sales rep and the sales prospect.

But that doesn’t mean you can just send your reps out into the market and expect them to fend for themselves. Sadly, that’s the strategy used by far too many firms in our industry.

September 2, 2020

“I’m a sh*tty guesser!”

This morning, our monthly enewsletter went out to our database. And as I often do, I ran an A/B test on the ‘subject line’… always trying to find the right kinds and grouping of words that get the highest ‘open rate.’ As usual, as the email was being blasted out, I guessed which subject line would be the winner.

And as usual, I was wrong!

June 9, 2020

Marketing & Sales During the Pandemic: Invest or Wait-n-See?

I’ve talked with a lot of business owners in our industry over the past few months, and every firm falls into one of just two buckets… those that are actively investing in marketing & sales during the pandemic and those that are standing pat and taking a wait-and-see stance.

And by ‘invest,’ I don’t necessarily mean money (though a little of that wouldn’t hurt)… I’m talking about a commitment to an active marketing & sales initiative. To spend the time and effort to make it happen… and then to stick with it.

You can easily guess which side I come down on, but not because marketing & sales are the businesses we’re in… but because it really is the smart thing to do.

And here’s why…