Smaller firms need major accounts because large companies are more likely to award multiple contracts year after year. However, getting past the barriers in Fortune 1000-sized companies can be daunting and time-consuming. How about doing something counter-intuitive?
Cold-calling senior executives is discouraged in many key account acquisition strategies. Yet how do you crack into a Fortune 1000-sized firm who would be a perfect client for you if you have no "natural" network access?
Continue reading "Winning Strategic Accounts: Permission + Self-selection= Referrals" »
If you want to secure preferred vendor status with a major account, there will be multiple stakeholders in each division or operating group. Not only are there "silos" or independant revenue groups with their own budgets, but the stakeholders have different responsibilities with respect to a decision to hire your firm.
Each stakeholder group may see a different part of the elephant (as in the fable of the blind people and the elephant) and each stakeholder represents a go/no-go point in the company's buying process.
Therefore, your firm will make a "sale" to each stakeholder group.
Continue reading "Winning Major Accounts: Myth 3: Right Person" »
"It helps a ton when you learn people's names and don't butcher them when trying to pronounce them." ~Jerry Yang. Ok, I just can not help myself. I read the quote above, and it brought to mind an incident that occurred when I was a front office trainer at a ski resort some 15 or more years ago. I should not make fun of people, especially since I am not good at remembering names either. But, you will see, those in the service industry can learn from this story!
Continue reading "First Impressions Make or Break" »
We are almost there! Now that we have learned about Concept,
Development and Design, I am going to go into the Production and Manufacturing
stages of your product. Manufacturing is defined
as the application of tools and a processing medium that will transform raw
materials into finished goods for sale. These steps will vary depending
on the type of product you have. Here
we’ll focus on the spatula, as all types of processes could be applicable
depending on whether your final material selection is metal or plastic, a
decision made in the design stage that will dictate selection of a
manufacturing process. For the sake of
this blog let’s assume production of 100,000 annually, utilizing plastic
injection molding (insert molding Figure 1.) to manufacture our 2-piece spatula. The spatula will have to withstand high
temperatures, thus the material selected from the design stage must be heat
resistant up to about 500° Farenheit.
First we will go into tooling, then sample production and
lastly full production. I am going to outline the steps for several different
types of processes, but keep in mind that you might be producing different
quantities then I have specified, and may employ different processes.
Continue reading "6 Steps to Manufacture Your Invention" »
As the great architect, Mies Van der Rohe said, “Less is More”. Especially when talking about yourself.
Senior executives of big companies have often been in sales and can fill in the blanks pretty quickly. In an initial conversation, they usually have these questions on their minds:
Continue reading "Selling to Big Companies: 30-Second Commercial" »
Globalization, friend or foe,is all around us whether or not we notice it. So much of what we do on a daily basis has some sort of global component to it: the car we drive, the food we eat, the clothes we wear. And depending upon the context of all of this globalization can be a good thing. The best example of this is Social Media. How else can millions of people connect with millions of other people that they normally would never know existed? Families are reunited, friendships and business partnerships are made, and important causes given attention.
Continue reading "Globalization: Friend or Foe?" »
Can you imagine a company like Ben and Jerry's ice cream deciding to sell a new flavor without taste testing the concoction first? It would never happen! Before they even begin to create a flavor, the company often canvasses ice cream lovers for suggestions. A lot of research and development goes into a new flavor before it goest to market. The company mixes and tastes, mixes and tastes, mixes and tastes, until they are completely satisfied with the test batches. Then, all the marketing details. They need to come up with a name and packaging for the new flavor that will excite discerning palettes and make customers want to scream for the new ice cream.
Continue reading "It is All in the Details" »
What #blogoff2 is Teaching BloggersThere are dozens of posts for Blog Off 2. Some have zero comments while others are well into double digits. Why is that?
Let's take a look at 6 things the most popular posts are doing so you can put them to use for yourself. Each of these posts has:
- An Attention Grabbing Headline
- Emotional Appeal
- Useful Content
- A Current Topic
- Graphics
- Conversation
How well are you doing at putting these into your blog posts and articles? If you're interested in improving your social media ROI, do keep reading...
Continue reading "6 Keys to a Successful Blog Post" »

When I started my business, online networking meant joining one or more Yahoo groups. Then one day, a fellow member of one of those groups told me about a cool new site called
Ryze. I checked it out and could see immediately why she'd recommended it. Unlike the email groups, you could actually see pictures of the other members, and with a little HTML knowledge, you could customize your profile just about any way you wanted. You could connect with your existing contacts, join groups to network with people with similar interests, and search for other people to add to your network. If you weren't careful, you could easily spend many valuable hours exploring the site. In many ways, it was a lot like Facebook, but with purely a business focus. I made some great contacts on Ryze, some of whom I'm still in touch with today.
Continue reading "Whatever Happened to Ryze?" »
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