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 Linda Bishop, President at Thought Transformation |
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Do you want to sell more? Stop spending time trying to get water out of wells that have run dry. By that, I mean stop spending time on customers who have communicated one of these common messages repeatedly.
1. We no longer buy what you sell. The customer stopped spending money on printing one or two years ago. So far, they’ve seen no compelling reason to start investing in these marketing materials again—or they are still suffering from the effects of a tough economy and they have no money to spend on these products.
2. We found a cheaper source and we’re perfectly happy with them. When people are happy with their current situation, they’re hard to sell. Move on! There are plenty of dissatisfied buyers in the market place.
3. We found a cheaper source. Their quality/service is not as good as yours, but we don’t care. Your competitor is good enough. This may be an opportunity—if you can find an new angle to approach the customer. If the new angle isn’t obvious right now, look elsewhere but stay in touch.
Spend your time wisely. Remember, time is money. Stop visiting customers where sales have dried up hoping for something to miraculously change. Figure out a way to make change happen or look for new wells.
Check out Linda’s blog at www.salesisnotforsissies.com.
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Published by markpotter under Reflections
People close to me know that I have a few strategic idols. People like John Wooden, Walt Disney, and Michael Porter quickly come to mind. I have written about each of them or their concepts over the past few years. Another gentleman who has shaped my strong opinions on business strategy is the renowned professor from The Kellogg School of Business, Philip Kotler.
I recently was rereading some of Kotler’s stuff and thought I would pull some of his best quotes and let you know how applicable they are to our industry and our individual businesses.
“It is more important to do what is strategically right than what is immediately profitable.”
This is exactly what we have been preaching over the last few years. Make the investment in your brand and your market. It will not pay off immediately, but if you are market based, you will create long term sustainable advantage.
“The most important thing is to forecast where customers are moving, and be in front of them.”
Reread above! Do you define yourself as market based or product based? If you are selling a product or service, then you are in danger of being commoditized and marginalized. If you stand for a group of people you can succinctly define, you will find great prosperity.
“Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.”
Remember the story of my son skating around the cones? When he turned his head to watch another kid, he fell. Focus more on your constituents and less on your competitors. When you do, you take the lead and your competitors won’t be able to take their eyes off your backside!
“Don’t buy market share. Figure out how to earn it.”
Duh! I mean do I even have to put this in there? We are not about price. Regardless of the economy, our industry must be focused on creating significant value for the people we stand for. Price is simply unsustainable.
“Watch the product life cycle; but more important, watch the market life cycle.”
Love this one. Anyone who knows me knows that I grew up with a poster of the life cycle on my wall rather than Michael Jordan. Actually, that is a lie, but it might as well be true. If you are not looking at your market from the perspective of the life cycle, you are behind the curve. If you don’t have an explicit market defined that you serve, you are nowhere near the curve!
“Integrated marketing communications is a way of looking at the whole marketing process from the view point of the customer.”
Double duh! This is what we, as an industry, have been building towards. Printing is already closely connected to marketing. Offering an integrated program to people who trust us is a natural. Don’t worry about the products. Just connect with the clients and let them help you define the scope of what you offer.
“The successful salesperson cares first for the customer, second for the products.”
Triple Dog Duh! It may sound remarkably simple, but it is extraordinarily difficult to weave this concept into the fabric of who you are. We all need to make some dough and truly focusing on customers is often times relegated to a secondary priority to selling products and services right now. The greatest salespeople have great empathy and an inherent trait that allows them to leave their wallet in the car and focus on what clients truly need.
I believe that wisdom is not contained in individuals. Phil Kotler cannot be brilliant unless he shares his ideas with others and they start to spread. The same can go for us. By sharing our opinions, ideas, and concepts, they start to take life and true wisdom starts to emerge.
Warmest Regards,
Mark Potter-Publisher
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Published by markpotter under Reflections
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 VP, Winters Group & Associates |
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Ask a group of business executives how they define marketing, and you get a wide array of answers. Ask them about successful outcomes of marketing and you get even less positive feedback. Marketing today is widely miss understood. And, as we continue the drive toward making marketing more accountable and scientific, it is important to look at what has changed and what remains the same. While marketers enjoy new media and technology enabled tools, the fundamental marketing model itself has not changed. People and businesses still want useful products and services and relevant and entertaining messages.
Marketing is still about identifying needs so that people line up to buy. The change is in how consumers learn about products and services and receive the messages. We are entering a post-mass media marketing world.
Consumers have always wanted to avoid poor or overpriced products and intrusive messages, but now they are empowered to act on those feelings in unprecedented ways. These consumer-empowering technologies promise to eliminate the concept of ‘mass markets’ once and for all.
Marketers are also finding that reaching the younger consumer segment offers new challenges because they don’t easily relate to marketing. They have few favorite brands, very little brand loyalty; they fast forward through television advertising, and they view most commercial messages with cynicism, something to be avoided Reaching and influencing this wired generation with advertising messages over the course of their consumer lifetimes will be more than a challenge, it may be impossible. Forrester reports that more than half of young consumers rely on their friends and families for purchase advice, and 65% tell others about products they like.
From a marketing perspective, what’s the benefit of having 20,000 followers on Facebook, if you can’t identify and segment your audience into prospects, influencers, and casual observers. If can define them, do you have the means to communicate with them when and how they want to be reached? I think we stop modeling the financial impact of advertising, and start measuring the brand equity impact of marketing activities.
With discussions on the horizon about “do not follow” legislation (next phase of “do not call’), we need to begin to plan for marketing that reaches our audience, that invites them to want to communicate and learn more.
What remains the same now and forever – nothing can replace face-to-face selling.
For more information on The Winters Group & Associates, please visit http://wintersmg.com/.
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Published by markpotter under Reflections
Risk is a funny thing. Some risks are a “winner take all” kind of gig. You plop down your chips, play the hand you were dealt and either win or lose. Many times, risks that have immediate payoffs can create some serious long term pain. You may go for the quick buck by trying your luck, but when no real skill or training is needed then you are just banking on chance. This is akin to sitting around waiting for the phone to ring for that next sale.
Investing is not the same as taking a chance. You take your hard earned money, invest it in some type of security and wait for the interest to compound into some sort of nest egg. There are trained experts in investing and most of us either rely on these people or take the time to educate ourselves about the possible investments. In turn, we know that the payoff will not occur tomorrow or the next day. We are investing to build up long term equity.
How is it that we will invest our money for the long haul, but we don’t always invest our time and energy into building personal equity? Not investing in our own personal growth and learning is the same as betting our paychecks on a hand of blackjack. It is a short term play and most likely will not pay over the long term.
Look, when we invest in new ideas and let go of tradition, it may feel like risk. However, there is no risk when you invest in yourself. You are building an asset that can pay dividends for a long time. It may be easy to focus on what you know how to do, but when you start to make deposits in new ideas, you are creating a portfolio to be proud of.
Deposits over time compound and build value. Are you making deposits in your business every day? Are you investing in your personal growth by challenging traditional assumptions, sharpening your sales skills, and investigating new concepts? And, are you investing in your relationships with your clients and your organizations?
The fact is that without making deposits, there can be no long term success. Often, we will save a dollar for a rainy day by depositing a little extra in the bank. The same can be said for your profession. A little investment today can pay off tomorrow.
Warmest Regards,
Mark Potter
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Published by markpotter under Reflections
Awhile back I was speaking to a print owner. The discussion was focused on all the new-fangled stuff that our industry is trying to sell and this whole concept of becoming a “marketing service provider”. As I was waxing on philosophically about the opportunities, he looked at me quizzically.
The owner said, “Mark, I really appreciate the idea of where things are headed and that there is incredible opportunity. However, I just don’t think I have the sales force who can sell these concepts.” He went on to say things like “They just don’t get it” and “I am really frustrated with the group.”
After listening for awhile, I realized that I have heard this before. I have heard a lot of people talk about reps not “getting it” or being challenged to sell marketing services. And with the utmost respect, I must say that is just baloney. What is there to get? If someone can sell, then they can sell. The problem is not that reps can’t sell the new services. The problem is that the customers and/or prospects are NOT asking.
Let me put it this way. When a significantly large client demands digital printing, most printers will invest in digital printing equipment for fear of losing that client. That is a market based approach to capital investment. It is not necessarily a great data sample of the market, but it is based on the idea that a client asked for something. So, it should follow that if you want to sell QR codes, campaign management and any other thing that resembles the nirvana of marketing services, then your clients should be asking for it. If they are not, then the problem does not necessarily lie with the reps. It may lie with the perception the market has of your organization overall.
My point is that before we all blame our traditional sales reps for not being able to sell something, we need to ask ourselves a critical question. Where should the conversation start? Should we walk into a client’s office and tell them about services that we now offer beyond print? Or, does the real conversation start when they view us as a resource to source these new ideas. My guess is that the latter is the best way to go. So, now the question is how do we generate those conversations?
Warmest Regards,
Mark
Publisher
CANVAS
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Published by markpotter under Reflections
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 Craig McConnell, President of PrintGrowPro, Inc. |
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Have you ever stopped to consider what really makes you happy? Happiness must be pretty important because everyone from Socrates to our Founding Fathers to Bobby McFerrin felt we had the right to pursue it.
I’d be willing to venture a guess that much like the percentage of adults who have taken the time to create written goals (that number is 2), very few of us have ever really given the happiness question very much thought. We all want it, but we don’t take the time to ask ourselves what it really looks like.
If you relax and close your eyes and think about your favorite things, I would be very surprised if you were able to keep a big smile from materializing out of thin air. Give it a try.
SPECIAL NOTE: before you become concerned that today’s missive is going to be purely esoteric, altruistic, and sound like the hundreds of self help books at Borders, I want to stress that today’s discussion is ultimately about one thing – increasing sales.
Here’s my basic premise:
Happy (Sales) People = Smiling (Sales) People = Friendly (Sales) People = People Who Sell More = People Who Make More Money
Consider this concept as we close in on Super Bowl Sunday: It is the sales person’s responsibility (along with senior management) to set the tone for the entire company. No one, other than sales, can prevent layoffs and headcount reductions (think “selling 105 seats on a 100 passenger plane”). No one, other than sales, can lighten the mood, make things fun and bring positive stress free energy into the building. No one, other than sales, can provide the aura of emotional consistency that is so important to a company’s overall level of friendliness and commitment to customer satisfaction.
So beginning immediately, do something every day that will raise those endorphin levels; be more aware of what makes you happy; and share that feeling with others.
I doubt there’s a sales trainer in existence that doesn’t encourage his or her clients to ’smile into the telephone”; but how many of us really do it?
Want to sell more? Be happy! Be friendly! Smile more! Lighten up! Don’t take yourself so serious!
Remember, if you want to increase your commi$$ion$ you can become more active (more calls, more opportunities, more lunches, more networking, more touch points, more hours) or more effective (ask better questions, become a better listener, adopt a selling system, become a prospecting ‘pro’). Becoming more effective only happens over time, but increasing your activity (like being happier and friendlier) can begin immediately.
Want to be happy? Want to sell more? Want to make more money?
Just like you can become healthier, you can become happier, but it has to be a conscious decision and something that you work at every day.
I know – easy to say, hard to do – but certainly worth a good old ‘college try’.
Start with these: be healthy, be thankful, stop worrying, count your blessings, celebrate the successes of others, give more than you get, volunteer, be a lifelong learner, be near nature, compliment others, meditate, believe in yourself, set goals, and pay it forward.
To read more from Craig, please visit www.printgrowpro.com.
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Published by markpotter under Reflections
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 Peter Ebner, President at Ebner Seminars |
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Do you have a beautifully designed company brochure that outlines your expertise and tells the prospect all about your extensive services? Well this brochure is probably costing you sales. The only time to hand out a brochure is ….
To hear the rest of Peter Ebner’s weekly sales tip, please click here.
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Published by markpotter under Reflections
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 Brian Sullivan, President PRECISE Selling |
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Are you the type that needs empirical evidence of the effect of negativity on the body and mind? Well look no further than volume 72 of one of my favorite all time classic journals called Psychotherapy and Psychosomatics (my wife believes I should be a case study). The journal contains a recent study that has linked negative emotions with lower immunity in the body. In short, negative people’s bodies don’t fight disease as well. Which means if you are grumpy, you probably get sick more than that “always happy guy” at work. And while I don’t have an ounce of evidence on this one, I bet would say that it’s easier to be a top performer.
And if you think you can’t do something, your brain will actually make it hard on your mind and body to do that “something.” Life is difficult enough without any help from your head!
So if your listening skills diminish, you stop learning. You stop learning in business, and you DIE! So my conclusion is…if you want to stay alive as a leader, keep a positive attitude. And here is another scientific conclusion not found in the journal:
Negative leaders with negative companies also have a lower immunity against the competition.
While a positive attitude does not guarantee success against the competition, it does assure many things. It assures that you can face rejection and overcome countless obstacles that are unavoidable in business. No doubt, there will be times when “the worst” happens. When those days come, when you are experiencing “the worst,” just don’t make “the worst of it.”
For more information from Brian Sullivan, visit http://www.preciseselling.com/.
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Published by markpotter under Reflections
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 Noah Knoble, Account Executive |
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1. I am your print salesman, your friend, consultant, educator, and therapist. Thou shall have no other print salesman before me.
a. Don’t ever forget about your clients! In the Sales Playbook group on LinkedIn we have had many discussions on being the hunter vs the farmer, finding that balance is key not only prospecting new business, but also retaining your clients. There should be no other sales reps that they should be getting information from, you should be the one they turn to first when new regulations come out, cost savings ideas, etc. It us up to you to cultivate these relationships, trust me, retaining business is far more fruitful than gaining new business. It tells a lot about you!
2. You shall not make for yourself an idol.
Don’t be consumed by greed. Let’s face it, we all want to make as much money as possible, and if you are saying you don’t care about that then you are a liar! However, how you go about achieving your desired income is what will make you successful. Don’t let money become the idol that you worship, look for ways to reduce your customer’s costs, in the end you will only gain more loyalty and maybe a few good referrals!
3. Do not take the name of Digital in vain.
Let’s face it, digital is here to stay, whether you want to argue about it until you are blue in the face or not. Adapting to our new “lay of the land” is going to be instrumental into the long term success of not only you, but also your company. Get to know digital, from digital mags, ipad apps, to social media and the like. The more you know about these things, the more you will utilize them, and the more potential clients will want to speak to you. Look at digital as a friend and not a foe, another arrow in your quiver.
4. Remember the weekend, and keep it holy.
We are all working harder now than ever before. If you are like me, then you enjoy the increased competition and see it as an opportunity to better your skills. However, it is far too easy to bring the work home with you. Remember the most important thing in your life is your family, keep the weekends as much about them as possible. You will burn out far too quickly if you don’t, and will miss out an important part of you and your families’ lives. Always make sure your priorities are in line.
5. Honor your clients.
Show your clients that you appreciate them. It is the holiday season; send a gift, a card, something to show that you are thankful for their loyalty! Better yet, make sure to do this throughout the year, not only around the holidays, and do it “just because you were thinking of them.” You don’t need a reason, you just need a feeling.
6. You shall not kill.
Don’t burn bridges. You lost a client to a competitor, you’re upset, the first thing you should do is take a walk, do not pick up the phone and scream at your lost client. You never know, they may realize they had it much better with you, and come running back. Also, many publishers know each other; the last thing you want is a bad recommendation and reputation. Handle yourself with professionalism at all time. I will repeat it again, don’t ever burn bridges, and do not kill that relationship!
7. You shall not cheat.
I have been in far too many bid processes where the customer sends an RFQ with specs that don’t match up to the sample magazine they have sent me to go along with it. If you are printing them cross grain to win the bid, but the customer clearly stated wanted correct grain Shame on you! If the customer was told they are being printed on a 87 bright paper stock, but you really are printing them on an 82 bright paper stock, Shame on you! If the customer was told they are being printed on a 60# paper stock, but it really is a 50# paper stock, shame on you! Don’t cheat; it will catch up with you.
8. Do not steal.
If you find a potential lead is on a contract with a competitor, don’t ever suggest to the lead to attempt to break the contract. This is not up to you, you are not a lawyer and should not give them council, you could find yourself into a heap of trouble if you do. Instead, continue follow ups, be persistent, that way when they come off contract you will be one of the first ones they contact.
9. You shall not bear false witness against your neighbor.
Do not talk badly about your competition to your clients or potential clients. This only makes YOU look cheap. If you feel the need to point out something that you do better than your competition, there are ways of saying this is what we do and how we do it better. Spreading rumors and trash talking about your competition will only drive more customers to your competition and away from you.
10. You shall covet everything that belongs to your neighbor.
Yes, you shall covet everything that belongs to your competition. Through this market we are in, we will find out who is strong enough to adapt to the changes and come out stronger than ever before. Like Darwin said, the strong will survive and the weak will fall prey. Competition is a good thing, and after all this is business, I hope you covet my clients, because I can assure you I covet all of yours! How you go about it is what you will set you apart from the rest.
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Published by markpotter under Reflections
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 Dale Rothenberger, VP The Winters Group, LLC |
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I recently had the opportunity to speak in front of a group of Small Business owners and key executives on the topic of how to get in front of larger companies. The biggest issue, of course, is the self-imposed perception that “I can’t approach that company, what will I say, what will they think about me?” After we get over this hurdle, the next issue is, how do I find out what they need so I can offer my product or services. (Most of us still want to tell about our product rather than learning what the prospect is looking for in the first place.)
One of my clients launched a “senior care” services business a few years ago, and is now successfully in franchise mode. The interesting thing I learned as we built out the brand and message drivers was that a significant portion of the senior population have eyesight issues. And that less than 10% of visually impaired people know how to read Braille (which implies a functional illiteracy of 90% for a swath of the public that is needlessly marginalized).
As I relate this to our business world, how many of our business owners and executives suffer from blindness? Blind to new ideas and new ways of operating? Blind to changes in the marketplace and customer preferences? The inability to recognize that if we don’t change how we go to market and what we offer to the market, our sales will continue to decline. Blind to realize that selling in today’s world is vastly different than selling even three years ago (eg; are we using Social Media effectively – to drive qualified leads to our sales funnel?)
The group of small business owners saw a vastly different way to approach selling in 2011. The question is, how are you changing your sales approach and process in 2011? I have been with companies that are growing consistently 30% year over year, even during the slow economy of the past few years. Are they any different than your business? Probably not, they just see and do things differently and react appropriately.
Reluctance to the economy continues to struggle to sustain growth and the job market continues to see more folks in unemployment, and I agree that running a business these days is a daunting task. In the corporate world today, the focus goes to the Marketing Executive for getting brand awareness and good quality leads, and to the Sales Exec on increasing close ratios on those leads.
Technology today is capable of qualifying leads, nurturing the selling cycle, and increasing close ratios using Voice of Customer and 1:1 relationships. We have improved every area of business operations, to run more smoothly, more effectively, and ultimately, more profitably. What more can we do to get more accomplished with fewer resources – principally, time, money, and energy. Today, real growth is about better ways to serve your clients.
For more information on The Winters Group, please click here.
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Published by markpotter under Reflections
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