The Competitive Advantage

October 13, 2020

Stop the Typical Capabilities Presentation… You’re Wasting the Buyers’ Time

We’ve been in business for 8½ years… and in all that time, I have never given a single capabilities presentation. Why not? Because every prospect already knows what we do. If they didn’t, we wouldn’t have been invited in to present. How do they know? Simple… they’ve been to our website, downloaded our materials and checked us out on LinkedIn. They already know who we work with… it’s on our website. They know the areas where we’re subject matter experts. You guessed it… also on our website. So, if they already know all of that, why would we waste their time (and ours) re-presenting it to them?

September 30, 2020

Stop Selling… Start Helping!

I generally empty my spam folder every day, but for some reason, I had skipped a few days… and had a mountain of emails to be deleted.

As I was looking through them and getting ready to hit the ‘delete’ button, I noticed a consistent theme across all of them. Other than a couple of “I’m a barrister in Dubai I need your help to claim $20 million,” every single one of them was a hard sales pitch: SEO services, website design, app creation and so on and so on. And most from companies I had never heard of.

Even though this was my spam folder, I think there’s still a lesson here… if you want someone to take notice of you – in an email, over the phone or in person – stop selling and start helping. Or as one of my clients likes to say, “bring value to the relationship.”

September 15, 2020

To Excel at Virtual Selling… You Need to Master Video Chat; Part 2

For the foreseeable future, using video chat for virtual selling will be the ‘new normal.’ So, if you want to be successful at selling, you’ll need to master one of these platforms. Last week, we explored the fundamentals of video chat. In this blog, will discuss how it applies specifically to the sales process.

To help, here are 9 guidelines to help you become a virtual selling superstar…

September 8, 2020

To Excel at Virtual Selling… You Need to Master Video Chat; Part 1

Even when the pandemic is behind us, the use of video chat platforms like Zoom, Microsoft Teams, Skype, etc. will continue to be an important tool for virtual selling and maintaining client relationships. And while all of these platforms are pretty easy to use, it’s also very easy to do a bad job while you’re broadcasting to a sales prospect or client.

To help, in this blog post (and next week’s, too), we’ll share a number of easy-to-implement actions you can employ to take advantage of video chat technology.

August 25, 2020

How to Build Trust with Buyers

One of the guiding principles of B2B sales is that ‘a buyer won’t buy from you until they get to know you… then like you… then trust you.” It can’t and it won’t happen any other way.

And of those, ‘trust’ is the most difficult to achieve. But ‘trust’ isn’t just about you. Your firm (and its staff and its services & products) also has to be trusted by the buyer. So, how can you help a buyer reach that level of trust in you and your firm?

August 4, 2020

Why Full-time Sales Reps Fail in Our Industry

Hint: It’s almost never the sales rep’s fault.

There is an all-too-common occurrence among Market Research firms. It seems that when they finally summon the nerve (and resources) to hire a full-time, 100% business development professional (i.e. a ‘sales rep’), that sales rep fails (and is subsequently fired) almost every time. And pretty quickly, too. I can count on one hand the number of firms I know where there has been some level of success with this structure.

The question is, “WHY does it fail?” What is going on at all of these research firms that almost predisposes the sales rep to failure?

May 12, 2020

Do you have a defined sales process? No?! Ignoring it is a HUGE mistake!

Imagine you have responsibility for revenue growth at your firm and you finally decide to pull the trigger and convert a couple of your senior Project Managers to the Seller-Doer role. Congrats!

Now what? Well, one of the items you’ll need to cover in their training is to help them understand your firm’s ‘sales process.’

Sales process?! It’s not a term or a concept used very often in our industry… but it’s critical to your selling success. And here’s why…

May 4, 2020

Selling Success Requires 2 Things… a Good Sales Rep and a Better Sales Manager

8 Keys for Effective Sales Management

I was chatting with an industry colleague this past week and he mentioned he had just repositioned two of his Project Managers into Business Development roles… one as an account manager and one to go after new business.

And then he said something that really surprised me and even made me smile. He said, “This process has made me realize that I’m no sales manager!”

Wow! He is literally the first person in Market Research I have met who has said that. Out loud. Don’t get me wrong… there are a ton of really bad sales managers in our industry – he’s just the first one to admit it.