Books || Audio Learning Programs || eBooks || Training Manual || View Shopping Cart || Check Out Sales/Business Development/Business Growth Capture Your Competitors' Customers - By Christine Corelli While conducting research for my new book, Capture Your Competitors' Customers, and KEEP Them, Bob Faught, a valued client and VP of Marketing for Nova Solutions, shared the experience below. (At the time it occurred, he was a regional sales manager for a commercial furniture manufacturer.) As a Sales Manager, you often hear your President and other Senior staff members try to bolster the sales staff with confidence that you can win any job. On the other hand, have you ever had the President of your company tell you that there is "NO WAY" that your company could win a major project with seven other major approved suppliers from your industry? "Don't even waste your time on it." This exact scenario did happen, and a few of the President's reasons were the following: My response to the President was simple: "I will take care of this account so the team can stay focused on day-to-day business, using those team members only when necessary." The President's response was, "I've always admired your 'can-do' attitude. I don't know how you can overcome the top seven competitors in our industry. O.K., give it a shot if you think it has a chance."
David Can Beat Goliath Never Say Never Smart Strategic Sales Strategy You Should Use After nine months, the end-user wanted all eight suppliers to have the mock-ups of products requested on display for their Executive Staff and Board of Directors for final evaluation before making their final selection. This happened during the winter, and our truck was stuck in a severe snow storm, not able to make it on time. Our President said "I told you this was not going to work." I said, "Get the truck out here immediately, and we will make it work." Because of the strong relationships I had built within the end-user's organization, especially from their President down, they held a "special" review of our product alone. Instead of being one of eight, it became one on one. Within a month, I received a phone call from the VP of Purchasing, stating that we were awarded the project, totaling over $11 million (the largest order in history of the company), and the contract needed to be signed the following week so work could begin. When I called our President to relay the good news, he thought I was joking with him. There was a period of shock for him to realize that we had actually won this job over all our major competitors. This job changed the company's future vision and strategies, realizing that we could compete with the "Big Boys." Market share Increases from 2% to 42%!
Key Strategies and Initiatives That Captured The Customer In summary, I told our President that one of the key decision factors for being selected was our offer of "Full Project Management for Total Implementation" at NO cost. Once I confirmed we would need to do this anyway, I used this "added service" to differentiate us from our competition. (I calculated the costs for project management and added this to our quote.) This took the fear, and accountability, of implementation out of their hands, and reduced the number of people they would need to dedicate to the project. Identify Customers' Most Basic Needs, Fears, and Drivers The 15 Seconds of Euphoria in Success In our successful quote, we also included design from an Architecture and Design (A&D) firm at no extra charge to the end-user (we would pay the A&D firm for their work). When I called the A&D firm to give them the good news of winning the project, I was told that they were too busy to support us, and, in confidence, "we really didn't think you had a chance of winning this!" To stay on schedule, the first building needed to be designed and ordered within two weeks. Our company then asked "Who are you going to get in this short time that understands our products and customer's needs?" As always, another daunting challenge, but there was a solution. My background was architecture and design, which is why I was able to easily communicate with the A&D community. I simply tightened my belt, looked forward with that same positive drive and desire, and said I would get it done. I went out and bought all the drafting equipment necessary (I had not learned AutoCAD yet) to complete this job. I had them ship this program to my hotel room which, ironically, had a straight view of the end-user's facility in the distance (talk about staying focused). During the days, I would interview the departments for the necessary details. In the evenings I would work on the design. During this two weeks there were a few nights that I did not get any sleep simply to stay on schedule. Also, since this was an existing building with block wall interiors, trying to fit the design to blend perfectly with their existing space was an unbelievable challenge. But, about 3 AM one morning, the vision for this solution somehow came to me, and it worked. Within two weeks I completed the design and the entire order for our factory. When the building was complete within two months, everyone was amazed at the final solution to fit everything perfectly into the existing building. Even though design was not part of my job description, the end-user asked if I could oversee the next two buildings. This enabled us to integrate and train our own design staff into this new end-user. Ironic how a company with no chance at winning proves to everyone they have what it takes to compete at the highest levels. The success of this job led directly to securing over ten buildings with another company, about 40 miles away, totaling over $5 million, in the next two years. The positive attitude and courage to nurture our own little seed in the midst of the giant garden allowed us to eventually build our own private plot that would rival others for years. Size Doesn't Always Matter What a great story! Thanks, Bob! And continued success to you! How about you? Ask yourself these questions. Regardless of what business you're in, what key strategies and initiatives can help you capture and keep your competitors' customers? How hard are you willing to work? What are you doing to differentiate yourself from your competitors? Would you be willing to do whatever it takes? © Copyright 2007 Christine Corelli. All rights reserved Need a great speaker on this topic? Join thousands who receive Christine's ideas, solutions to problems,
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