The Competitive Advantage

November 8, 2016

Planning for revenue growth in 2017: Part 1 of 6

It’s getting to be that time of year… when we start looking ahead to next year and thinking about and planning for how we’re going to move our business forward (and upward). To help with that, we present this 6-part blog series. Each week, we’ll outline a different – and fairly easy to implement – activity that you can employ to get a leg up on revenue growth in 2017.

October 26, 2016

Stop Setting Stupid Sales Goals… Think Small Instead

I had a boss (the company Founder) several years ago who would set the annual sales goals for our company… without much regard for what was really happening in the marketplace. The trouble was – and no surprise here – that he set ridiculously high goals (think 50%+ growth or more). Then, the rest of the team would jump through hoops to re-do all of the plan and budgets… all the while knowing that there was no way in hell we would come close to achieving those goals.

That’s NOT how to do it.

October 11, 2016

The Secret to Sales & Marketing Success? It’s Right in Front of You.

Maximize revenue growth by leveraging your sales database.

There are two kinds of sales prospects – those you know (and who know you) and those you have yet to meet. However, too many sales & marketing initiatives focus on trying to uncover more of the latter.

I submit, however, that the opposite (focusing on those you know) is a more efficient and more effective way to grow revenue.

Think of it this way… you’ve spent a ton of time, money and effort trying to increase the number of contacts in your sales database. Now it’s time to leverage all of that work.

September 21, 2016

Don’t ignore your ex-clients!

This week, I’m heading to Cincinnati to work with a new client for a couple of days. It’s a really nice shop and I’m excited by the opportunity. But they are not the only firm I’m visiting there. I’m making a sales call on a new prospect and reconnecting with an ex-client.

The good news about ex-clients is that they know you (and you know them) and there is an existing level of trust and credibility… something you don’t have with new sales prospects and an awfully good starting point for re-connecting (assuming the relationship didn’t end badly).

August 16, 2016

Listen up salespeople… “Your voice mail messages are AWFUL!”

Last Wednesday, I came back to the office to find a voice mail message on my office phone. It was one left by a sales rep (and I use that term loosely) who wanted to connect with me. Without giving away the firm, here’s the message…

After introducing herself, she said, “We have a lot of experience working with firms like yours. I’d appreciate the opportunity to have a short conversation to see if we might be of service to you.” Then she left her phone number and hoped I would call back. That was it.

We can debate the value of leaving phone messages, but here’s what happened (or didn’t happen)…

July 12, 2016

3 Proven Summer Sales Tactics

Summertime is often a slow time for businesses, in general… and for sales efforts, in particular. Clients and prospects are on vacation, their business is slow so they’re not in the buying mood, there are very few conferences and networking events scheduled this time of year and so on. So, what’s a sales rep to do, especially if they still have sales goals to achieve?

Below are three ideas to help minimize the summer doldrums and stir up some sales action…