The Competitive Advantage

August 26, 2015

Seek first to help… then to sell

Last week was the inaugural Instant Impact™, a 1/2-day virtual workshop on marketing and sales in the market research industry. (By the way, it was awesome!) If there was an underlying theme to the event – although, interestingly, an unintentional one – it was this, “Seek first to help… then to sell.” And it applied equally to both the marketing and sales portions of the program.

This philosophy works for a lot of reasons…

August 18, 2015

Why you get hired… the reason behind the reason

Last week, I was chatting with a friend about our firm – what we do and who we serve – when he asked me what I thought was a fairly straight-forward question, “Why do you get hired?”

I responded with a few of those things I thought he would expect to hear: “We have a proven track record”… “We offer services in the market research industry that virtually no one else does.”… “We work only in the MR industry which allows us to hit the ground running.” And so on.

Then he said, “No! Why do you really get hired? What’s the reason behind the reason?” Ahh… now I understood what he was getting at.

August 4, 2015

Partnering with others can accelerate your growth.

I’ve been doing a little thinking and planning lately around the future of Harpeth Marketing – noodling on a variety of strategies and tactics – and one of the things I’ve realized is that a key driver of our past success has been ‘relationships’… no, not just the buyer-seller kind, but the ‘partnering’ kind.

May 20, 2015

I Lost a Client Today!

In fact, it was our longest-standing client.

No, we didn’t mess up. And no, they didn’t find another marketing services supplier.

The issue is an all-too-common one in our industry… they lost their largest client. In this case, one that accounted for more than 25% of their total revenue. And with that kind of financial hit, my client is facing some serious cash-flow issues… and that’s what got us.

For some firms, a client worth 25% is actually on the low side… I’ve heard of a single, large client accounting for as much as 60-70% of a firm’s total revenue! And with a huge client like that… it’s not IF you will lose them, it’s simply a matter of WHEN.

April 15, 2015

Do you really know what clients want?

I was flipping through a magazine this morning and came across a small article announcing a new product available to consumers.

It’s a Bluetooth-enabled frying pan that helps you find the right temp so you know when to flip your pancakes (or whatever you’re cooking). Are you serious?!

January 13, 2015

Stop it already with the bad marketing, part 5: Selling!

Over the past several weeks, we’ve explored several common marketing tactics (websites, email marketing, advertising and LinkedIn) and discussed many ways in which they are each being executed poorly in our industry… and several ways to improve them.

In this last post in the series, we take on SELLING. Whether you’re a dedicated sales rep, a researcher/consultant who does some part-time selling or the principle of a firm charged with revenue responsibility… this blog post is for you. And because we have all been on the receiving end of someone’s [bad] selling effort, I’ve written this post from the buyer’s perspective. I hope you find it helpful.

December 9, 2014

Stop it already with the bad marketing! Part 1: Websites

This is the first in a multi-part series where we’ll discuss much of the bad marketing & sales we see throughout our industry (sadly, it’s in many other industries, too) – and what you can do about it.

Don’t believe me? Just look around. And while I’ve been involved in marketing & sales for most of my 30+ year career, it doesn’t take an expert to see all of the lousy marketing happening around us…

December 2, 2014

Forget the mission statement… create a ‘covenant.’

I took my wife’s car to the dealership last week for a little service. It was my first time at a Lexus dealership. Very nice… professional and friendly service staff with a very comfortable waiting area (serving Starbucks coffee and cinnamon rolls!).

But what really impressed me was the large acrylic display containing the words to the Lexus Covenant. What struck me was the directness and simplicity of it…