The Competitive Advantage

August 30, 2022

Networking at a Conference? You Can’t Just Show Up!

The Fall season of industry events is upon us… the ESOMAR Congress, TMRE, the Corporate Researchers Conference and others. And if you’re planning on attending any of these… ARE YOU READY? Attending a conference to learn – and, more importantly – to network, should not be taken lightly. So, to help you get the most from your investment of time and money, here are 18 conference networking tips…

August 9, 2022

Sales Success is About Your Activity – the Quantity and Quality

I started my career at the DuPont company a long, long, long time ago as a Technical Sales Representative. [My parents were so proud!] On the very first day of training, the national sales Director – Jim Thorn – welcomed our three-man training class to the company. To this day, I still remember his words, “I don’t care if you make only one sales call a week, just hit your sales goal!” True story.

And while it’s a bit of an extreme example, that philosophy still reigns supreme in the world of sales today. As a sales rep or seller-doer, exceeding your sales goal IS the goal! And that’s great… but it’s your selling activity that makes it happen. Send no emails, make no phone calls, send no proposals and – I guarantee – you won’t sell anything.

August 2, 2022

Stop Being Complacent… and Build ‘Other’ Relationships

Last year, I wrote a blog post entitled, ‘The number one reason why you lose clients? Arrogance!’ It was one of the most read posts in all of 2021. Today I want to write about reason #1A – and the one I hear about more than any other reason for the loss of clients – complacency! And the story (err… excuse!) goes something like this… “We had a great relationship with [insert Fortune 500 company name here]… and they were a great client for several years… but then our main contact left and we lost the business.”

July 18, 2022

Stop Selling on Price… It Can Ruin Your Business

I was having a conversation this past week with a firm in our industry when they told me that they had implemented a rebate program as a way to build and reward client loyalty… and to also have something new and interesting to catch prospects’ attention.

And to no one’s surprise, it was working pretty well. Existing clients appreciated the ‘free money’ (credits against future purchases) and it also got them in front of several new potential clients. I told them that I was happy for their success, but that they needed to be careful. That selling on price is a very risky B2B sales strategy. And for a whole host of reasons:

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?

February 9, 2022

A Great Experience with a Used Car Salesman… A Lesson for ALL Salespeople

‘Great experience’ and ‘used car salesman’ are generally not two phrases you see together, but in this case, it’s true… and the story provides some valuable lessons for all salespeople and seller-doers.

December 22, 2021

3 Examples of Really Bad Selling to Stop in 2022

I guess I’m just a magnet for lousy salespeople… I get exposed to horrible selling almost every day. So, I started keeping a file of examples of this behavior and here are three real instances that happened to me just this month.

August 3, 2021

Hiring Your First Sales Rep? Follow These Steps. [Part 3]

Welcome to the third and final installment in this series on hiring your first sales rep. In Part 1, we focused on getting ready internally for the hire, with an emphasis on culture, structure and compensation. Last week, in Part 2, we explored the actual hiring and training of that new rep. In today’s post, we talk about how to best support your first sales rep – the investments you’ll need to make on their behalf and how to best manage them for maximum results.