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Get more than you expect in 2006
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By John R. Graham
Alan Greenspan expresses cautionary
concerns about the economy. The price of gasoline eats into the
family budget, the fiscal impact of Hurricanes Katrina and Rita
will be felt for years, the debt from the Iraqi war mounts,
interest rates edge upward, and millions of families stretch to
make ends meet.
This is not the backdrop anyone wants to
start a new year, but this is the hand we’ve been dealt.
So, what shall we do to make 2006 a
profitable and productive year? Here are 20 ideas that can make
the next 12 months turn out better than we might imagine.
1. Focus on saving money for customers
Use this theme to brand your business. Be
known for coming up with solutions that reduce costs without
compromising quality.
If it isn’t necessary or correct,
don’t let them buy it. If it isn’t right, advise
against it: “Do you really want to do that?”
2. Be the consultant
This isn’t about gimmicks or ruses.
It isn’t using a title on a business card to mask that
you’re in sales.
And this isn’t so-called
“consultative selling.” It means being thoroughly
knowledgeable of a customer’s business so you can be
candid and offer workable options that may or may not be
related to what you sell. As a by-product, this is perhaps the
best way to earn respect.
3. Offer ways to save time
While price is always important, saving
time can be equally so. It translates into reducing costs. Make
sure your customers recognize the time-saving benefits of what
you’re selling.
4. Stay closer to customers
Customer contact is changing as companies
deal with high gasoline and travel costs. Develop a schedule
for all types of planned contacts––phone
conferences, direct mail, email and in person.
This is more important than ever since
the competition is on the prowl. Large companies are looking to
attract long ignored smaller customers, for example. You need
to be there.
5. Focus on differentiation
There’s danger ahead when we allow
our products and services to look like everyone else’s.
By giving products and services a unique identity you can avoid
avoid anything you sell being perceived as a commodity.
6. Keep the CEO out of marketing
Top management controls the budget so its
buy-in is necessary when it comes to marketing. But the top
brass can also present a problem: they tend to view everything
through company eyes and have a particularly difficult time
thinking like a customer. It’s only natural since the
company is their mission. Make sure you have a capable marketer
available to help the CEO understand the role of marketing.
7. Don’t get distracted
This is the year to stay on course. That
means focusing on performance, getting everything right.
While new ideas are exciting, they can be
dangerous if they distract from getting the job done.
8. Plan and execute
Talking doesn’t make it so; simply
saying “yes” doesn’t necessarily get the job
done. Make this a priority: Who’s going to do what to
whom and when? Poor performance results from poor planning.
9. Take advantage of your expertise
Every business has more expertise than it
realizes. Pick out two or three niche markets where you have
several customers and brand your company as the “go
to” people for each one. Create specialized letterhead,
businesses cards, direct mail and other marketing materials
such as a dedicated web site for each segment. Put your
expertise to work where it works best for you.
10. Take advantage of direct mail
Forget about all those email and fax
“blasts.” Make sure emails are personalized and
focused on the recipients. The goal is to connect with the
right customers.
While “blasting” is easy and
cheap, it rarely delivers expected results. Direct mail takes
planning and careful execution, but you can hit the right
customers.
11. Update corporate identity
You want customers and prospects to give
you a second look. Attract attention by selecting compelling
colors and a logo design that sends the message your company is
energized. Use this as an opportunity to reaffirm your core
message.
12. Prospect systematically
Most so-called “prospecting”
is random and dependent on luck rather than carefully planned,
properly executed and consistent efforts. Efficiency and sales
growth depend on year-round prospect development. Since buying
decisions take longer and longer today, cultivating a minimum
of several hundred prospects at all times is necessary.
13. Marketing precedes selling
“The goal of marketing is to make
selling superfluous,” stated the legendary Peter Drucker.
Failure to create a buying environment through marketing makes
getting sales like pushing boulders up a mountain.
14. Ask customers what they want. Give it
to them
It isn’t just the wrong movies that
keep the theater seats empty; it’s the wrong venue. Why
go out to see an expensive movie, eat pitiful popcorn and walk
on a sticky floor, when you can relax at home and watch a movie
on a brilliant, sharp flat screen on the wall? Why not answer
an email in real time with a BlackBerry rather than waiting to
get back to the office to check your email? Why not let
consumers listen to the music they want when they want it on
the cheap? Give them an iPod nano.
15. Cut the nonsense
Knock off the hype and all the corporate
jargon. Telling it simply and clearly captures attention.
Forget about using the latest titles; they’re
self-serving and no one cares. Get off the kick of trying to
impress people; then you’ll have plenty of time to hone a
compelling 30-second speech on why a customer should do
business with you.
16. Knowledge-based relationships
It’s slow to sink in, but the
revolution is here: knowledge-driven business relationships are
where it’s at today.
India’s Deepak Chemicals is a
company showing astounding growth and huge gains in after-tax
profits. Chairman C.K. Mehta talks about leveraging
Deepak’s technology-base and knowledge-driven sales and
marketing strengths.
“Knowledge-based business
relationships are critical to sales success,” states the
announcement about a sales training seminar led by York
University’s Brain Harrison Smith.
17. Avoid overload
Don’t pile the plate so full that
it loses its appeal. Tantalize customers and prospects with one
benefit, one concept or one opportunity at a time. If
you’re doing direct mail, plan the campaign so you can
showcase one facet at a time.
Don’t try to tell the whole story
in a single letter. Let the story unfold in a series of
letters. In the same way, plan several sales calls before
trying to close the deal.
18. Persistence is power
Salespeople know decisions are delayed
and often drawn out over months (and sometimes even years);
you’d better be there when a prospect is ready to buy.
Fourteen years after giving a seminar, a
marketing executive received a call from a salesperson who had
attended the session and received the marketer’s
newsletters over the years. What followed was a meeting with
the company’s VP to plan a marketing effort.
19. Use technology to the fullest
Technology wins. The issue isn’t
whether a person answers the phone; it’s making it easy
for someone to contact you. Call forwarding from the office to
a cell phone sends the right message.
One of the best ways to compete with
large competitors is to push the technology. No salesperson
should be without a laptop with a cell phone connection, a
BlackBerry or both. More and more, customers expect real time
responses.
People who do it now get the business. At
the top of the list should be a customer relationship
management system that automates sales activity and prospect
cultivation. ACT!, Maximizer and GoldMine are versatile and
powerful.
From a service perspective, call centers
have evolved and are virtually transparent to the customer. If
it makes it easy and convenient for the customer it passes the
test.
20. Business isn’t warfare
It’s easy for the competitive
spirit that drives business to get misdirected. It’s less
about beating the competitor and more about getting and keeping
customers. In some ways, this is a far more difficult and less
exciting task, but nevertheless, it’s the really
important one.
In fact, business consultant Gary Hamel
holds that the task is to move away from the competition.
That’s what differentiation is all about and why IKEA is
so successful.
There seem to be indications that 2006
may hold some surprises, one of which is a more serious and
focused business mindset. These 20 guidelines can help you get
even more than you expect from the year ahead.
John R. Graham is president of Graham
Communications, a
marketing services and sales consulting firm. He is an author
of several books, writes for a variety of publications and
speaks at association meetings. He can be contacted by phone at
(617) 328-0069.
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