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Add You - Accelerated Revenue Growth - 22 Low to No Cost Strategies You Can Use Today
Sky is the Limit for IT Jobs in Delhi >You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly.The IT industry is hiring Big- Time!! Well the floodgates of jobs available in Delhi’s IT industry have just become wider. What are IT companies looking for? Are you ready for your dream job in Delhi?? Going by conservative estimates, the pace with which IT industry is hiring is only likely to multiply in the future. With an estimated 1.5 lakh jobs in the offing this year in India!According to a recent survey conducted by Manpower Inc, a global recruitment consultancy firm, strong hiring has been predicted in sectors like finance and insurance as well as real estate. Since the IT element in these verticals is significantly high, job prospects would remain high. Banking, finance and insurance-related work within the IT sector is definitely something to watch out for.IT Jobs in Delhi are the fast growing opportunity for available jobs in Delhi. The top IT companies with prospective hiring activities are Greenfield Online, they have been providing internet survey solutions and are growing at a fast pace, Cityxsys Technologies has set up a Global Competence Center (GCC) in New Delhi being one of the largest service partners for SAP business, Accenture is one of the world’s leading management consulting, technology services and outsourcing companies, Satyam Computer Service Ltd. is a global IT consulting and services provider, IBM is India's largest MNC employer with over 38,500 employees, Advance Computer Services Limited (ACS) has earned a reputation as a premier global provider of efficient and cost-effective solutions and services in the fast-paced and ever-changing information technology.Interestingly, hiring is not only limited to Indian IT majors, MNCs are also playing the number game and showing the art of scaling up. Technology MNCs like IBM, Accenture, HCL infinet, HP have reported a rapid growth.As opportunities in the IT sector continue to come by the dozens, graduates can definitely en-cash by keeping themselves updated about the trends in this business. Gyanendra singh of Mancer Consulting Services Pvt Ltd says, “There has been a drastic change the way software companies recruit now. There is a lot of emphasis on Academics of candidates & reputation of college from where he has pas # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan Using Metrics to Manage Performance At the forefront of driving revenue is the sales team; however everyone, from the receptionist to the CEO, is vital for accelerated revenue success. No matter what position you hold in your company you can use the many low-to-no cost strategies in this article to accelerate revenue.It seems obvious - use measurements of performance to manage and guide your business. Yet an entire discipline in business thinking has developed in recent years dedicated to this notion.Business Performance Management (BPM) is not a methodology for managing, but rather a mechanism for recording business processes and business metrics and linking the information together to form a single consistent picture of how the business is performing(1). But is it as obvious as it seems? Every business uses some measure of its performance to influence its management decisions. What metrics should be gathered and used? And what more is there to BPM than gathering data and disseminating it to managers?“A metric is not simply a measurement. It is a measurement taken over a period of time that communicates vital information about a process or activity. ”Defining Metrics:A metric should give some indication of how an activity is performing. For example, the number of employees in an organization is not a metric because it is not related to a particular activity. However, if a company is engaged in a recruitment effort to add to its workforce, the number of employees added over a six-month period may be a metric for that recruitment activity.Steps toward Managing with Metrics:1. Identifying Key Activities: Given the above understanding of metrics, the first step in implementing Business Performance Management is to enumerate and understand the key activities of your organization. Because BPM is a holistic approach, the key activities are not just those that contribute directly to the bottom line, such as sales and marketing. They include all activities without which your company would falter - both financial and non-financial.2. Identifying Target Metrics: Once key activities have been identified, metrics must be associated with them. That is, since the activities are important, they must be measured in some way. Otherwise, how does your company know it is performing well in this key activity?3. Establishing a Program for Collecting Metric Data: The data needed to support the metrics may already be gathered by your organization. If not, a program must be established for gathering the data. The data must be timely and accurate since it will # 1 Set Your Goals and Objectives: Members of the sales team usually have a quota assigned to them by management. If you are not part of the sales team you probably do not have a direct quota, however the more value you add to the revenue driving activities of your company, the more valuable you are to the company. If you are not part of sales, make a commitment, even if you don’t tell anyone about it, to do what ever you can to drive revenue up and to costs down. Make sure that you hold yourself accountable. I have found that one key de-motivator, including self de-motivation, is an imbalance of accountability – even if it is perceived and not real. This imbalance is caused when your actions are not inline with your goals and objectives. Manage yourself and your activity consistently and you will see the results in your top line. # 2 Know Where You Are Now: Before you start any journey you need a map, a plan in the case of your accelerated revenue driving activities. Before this journey begins it is important to know where you are going (discussed in the previous section) and where you are now. Here are some questions to ask yourself: - Where are you against your goals? - Where is your company against its goals? - Are your goals inline with your company’s? # 3 Know Your Value: Take an inventory of yourself. Understand what you do well, what you do OK, and what you don’t do well at all. Then leverage what you do well and improve on what you do OK and not well at all. Constantly, review your progress and keep adding new skills to your training regimen. # 4 Know Your Company’s Value: Look at your company. What does your company do very well? What is the value of that product/service? Value from your customer’s perspective – not yours. How does this product/service increase revenue or decrease cost for your customer? (Not how can you offer the product/service cheaper than your competition.) Or does it increase efficiency or reduce risk (subset of reduced cost). Again, for your customer, not you. Focus most of your energy on leveraging those things your company does extremely well. Especially, those products/services that add the most value to your customer. This is probably where you can increase revenue the most. # 5 Increase Key Lead Generation Activities: - Write newsletters for existing and potential customers; - Provide Free, or Low Initial Buy-in, offers to drive paid product/service business; - Write white papers; - Develop positioning papers; - Conduct short, value focused, seminars on how you help your clients increase revenue and decrease cost # 6 Automate all Sales Reporting: Use my simple and short three step process to develop your sales reporting system. Here it is: 1) Define Sales Reporting Needs: be focused on the deal and on the client’s timeline; 2) Establish Sales Reporting Needs: make reporting quick and easy for everyone; and 3) Execute and refine as you gain a better understanding of what information is really useful. I don’t recommend that your company spends $5M, or even $5/month, on a Customer Relationship Management (CRM) solution. They take too long to add value anyway - the point of this article is results in 30 days. Look at what you need to report and report it in the most efficient and effective way possible. Leverage information technology, if that makes sense, or just have a process flow for hard copy reports. Define reporting parameters beforehand and make sure that you report in regularly. # 7 Get Help / Offer Help: Show your management that, by having a sales admin you can increase revenue by X. Or reduce cost of sales by Y. Or …whatever metric you can use that shows increased efficiency, value, to the company that you couldn’t do on your own. This sales admin person/team could also support more than one sales person. Show value in real terms and you might get a favorable response. For example, if I was going to pitch this I might say “ Mr., or Mrs. Boss, it has been my experience that, in most cases, Sales admin staff keep more expensive, and productive, sales people (like me) in front of, or on the phone with, a customer, prospect, or suspect. In a layered sales force I feel that can contribute even more time to the sales cycle and won’t spend valuable time on areas of the sales process that I am not as efficient, or cost effective, in. The key here is not to hire more sales staff, it is to get more revenue dollars for every hour of my effort.” If you are not a sales person, then offer to help. Talk to the sales team and determine where you might offer assistance. Working together with sales will give sales a renewed appreciation of you and your department. It will also give you a renewed appreciation of sales. Together you and your partner(s) in sales can revitalize accelerated revenue efforts while being an example for the rest of the company to follow # 8 Leverage Your Hunter and Farmer Skills: There are two types of sales styles to focus on to accelerate revenue, Hunters and Farmers. These two types apply to inside and outside sales people. Hunters are those sales people that love the thrill of the kill. As soon as they ‘close’ the deal they are on to the next. And they are very good at it. The main weakness of the hunter is that they typically do not nurture accounts – they lose interest in the account as soon as the ‘deal is closed. Farmers nurture accounts. They typically don’t penetrate new accounts. They take those accounts first closed by the hunters and expand them. Closing opportunity by opportunity, until they have sold all that they could sell into that account. The weakness of the farmer is that the company that they work for must continue to evolve, adding new products and services, or the value of the farmer drops quickly, for that account, to the company they work for. The key is for you to understand the two sales styles, understand which role you do best in. Exploit your strengths and find a partner that has complimentary strengths so you can leverage each other. # 9 Increase Your Number of Cold Calls: If you implement only one idea out of this article THIS IS THE ONE! Don’t waste your time with anything else unless you cold call – a lot. Look at any report that measures correlation of the success of an individual sales person, or sales team, with the number of cold calls. The number just don’t lie. There is an absolute, and direct, correlation to the number of cold calls and the success of a sales person, or team. Cold calling is just a form of networking. Everyone in the company can support cold calling campaigns, whether you are in sales or not. Cold calling is as simple as calling someone you know, a friend/associate, in a company that is not a current customer, or in a different division in a current customer, and having a conversation about their business – everyone loves to talk about themselves. Keep in mind that you do not need to close the order. You need to initiate the contact and then get a sales person involved. You can continue to follow up with the sales person as the opportunity materializes to an order. Just make sure that, once you have initiated contact, you communicate through the sales person or you just might become the problem. # 10 Perform and Leverage Win/Loss Reviews: Win/loss reviews are probably the most valuable sales tool to use AT ALL TIMES, and not just in tough times. Unfortunately, since most of the results of the review are view as more of a marketing function, most sales organizations do not do them, or worse, do them incorrectly. Also, many sales people, and their managers, are afraid of what the review will tell them – what they need to do to be successful. (areas of weakness) What a win/loss review is? A win/loss review is an in depth analysis of all aspects the sales process for a particular deal. You need to look at each and every win, and loss, and ask, sometimes tough, questions. Questions that are very similar to what you learned in college about journalism, the five W’s and one H, sometimes called the ‘Journalist’s Six W’s’ (Who, What, When, Where, Why, and How). Why you won the deal (Win Review)? Or Why you lost the deal (Loss Review)? As you review your wins, and your losses, make sure you continuously scrutinize your pricing policy. If you are losing based on price, make sure that you understand, in detail your sales process. If you sell based on value (realized value to the customer, not what you perceive your value to be) then you don’t need to reduce price, you might just need to work on your approach in establishing, and communicating, value for the customer. # 11 Visit Your Past Customers: Start with your top ten former customers. Call them, or have them called by an executive. See how they are doing. Ask them why they have not done business with you recently (this is a very valuable method to understand the customer’s perception of your company). If there are any issues, work through them. If not, engage the customer. Get back in there. Work a deal. Get the relationship back on track. # 12 Commit to Become the Sole Source for Your Key Customers: Just the commitment to your key customers would provide you huge returns. As you make this commitment to yourself, your boss, and your customer, impress upon everyone that you will do this by adding value to everything you do. Making this commitment will force you to look at all aspects of your customer’s business and understand where you, through your products/services and other capabilities, can enable your customer to increase revenue and/or decrease cost. Focusing on your customer’s business and how you can increase revenue and decrease cost will not only help you grow revenue, but also increase your gross margin on every deal. If you stay committed and honest, this process will be the springboard for a very long and very profitable relationship for you and your customer. # 13 Determine What Your Customers WILL Want: Don’t just look for what you customers want right now. Figure out what their needs will be in the future. Key note: Your customer probably does not know what she needs now. She knows what she wants, but not what she needs. As well, she probably won’t know what she will need in the future. It should be your mission in your professional life to know the future needs of your customers. – Be ahead of your customers and you will be ahead of the pack. # 14 Take Your Executive Team Out on Sales Calls: The CEO of any size company is usually the best sales person. If you think that he is not a sales person, you are wrong – dead wrong. How did he get funding? How did he hire his first staff member? How does your CEO get the management team to get what he needs done, done? He sold them, he sold them all. Your CEO owns the vision, in most cases it is HIS vision! Who else can best sell his own vision? I do not recommend you take the CEO out on the first, second, or third call. Look at your sales pipeline, take the proposal that is the largest in revenue, or is the most profitable, or you know the most about the customer/buyer. Set up a face-to-face meeting. This meeting should be with someone on your customer’s senior executive team only, preferably with the CEO. Go and get the order. This process affords you the opportunity to: 1) get to know your executive team, 2) get to know the customer in a new light, 3) understand the issues in closing business today, and 4) gain confidence in what you, and your company is doing, or needs to do. Worst case, you are educating the executive on the sales team and sales process. # 15 Advertise your success (internally to your organization at first, externally if you feel it is appropriate). # 16 Reduce Time Spent on Non-Customer Meetings: Unless absolutely necessary and even then, when you can, stop all, or reduce the amount of, time spent on internal meetings. If the meetings MUST happen then make them outside customer’s business hours. Every minute that you are in an internal meeting, you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect. Your company is in the business of making money. Every minute that you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect, you are not adding value to the customer. If you are not adding value you are not going to get paid (Revenue). Even if you work for a non-profit you need revenue (donations). # 17 Go to Training: I bet that there is at least one person in your company that is always in training for one thing or another. I am also confident that if you go to training, unless you are at a very large company, you only go through product/service training and seldom to real sales training. I was in the information technology business for fourteen years. I have been in back office support roles, I have been a techie, I have been in inside and outside sales, and I have been in sales and marketing management. I have taken so much training it is crazy. However, I have never been in sales training. The companies I have worked for were either distributors or resellers and I went to vendor ‘sales’ training countless times. Turns out, they were not sales training. They taught us how to position their products/services. That was product/service training, not sales training. I was trained OJT (on the job), trial by fire, mentored. Whatever you want to call it – it took too long to translate the training to a closed deal. I was very successful. In retrospect, I believe I could have been much more successful, much more quickly, though, if I would have gone through structured sales training. # 18 Train Others in Your Company: Leverage your sales skills to help strengthen the relationship between you and the rest of the company. Do a series of ‘lunch and learn’ sessions. Require at least one person from each department, if that make sense. The point is to give everyone the opportunity (requirement) to participate. The focus of the training should be to educate the company on your sales process and to get feedback from all employees on new ideas/approaches. You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly. # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan! 3 Ways To Take Advantage With Manufacturing In China t it in the most efficient and effective way possible. Leverage information technology, if that makes sense, or just have a process flow for hard copy reports. Define reporting parameters beforehand and make sure that you report in regularly.Shenzhen, once comprising of mainly fishing villages now with many high rise residential apartments and multi-story factories was located somewhere in China, very near to HongKong, She was once exporting almost everything for the Christmas session shopping spree, from Christmas tree to the decorations wasn’t doing very well this year, mainly due to the increase raw materials (including electricity) and labor cost which had kept many buyers away. Not too long ago, Shenzhen boasted as the production hub of all production activities and was now no more longer the darling to of many buyers. This is nothing new; the same shift of power was witnessed by Taiwanese and Hong Kong businessman few decades ago right at their doorsteps.Being the lowest in cost is a tough battle, there were always some Tom and Henry could establish production facilities at even lower cost than yours and snatched away all the orders. Good news to buyers, right? Just keep looking for lower cost manufacturers to enjoy higher profit margins? The answer was yes and no…Therefore, as buyers, it is important to distinguish the three main categories of manufacturing models in China. They were Wenzhou model, Dongguan model and professionally managed companies. Together, they form the fundamental production engine which had been steering China to even greater export powerhouses.1. Wenzhou model, the first time I came to know about Wenzhou was when the China Government implemented range of measures to curb the heating of properties in major cities in China to prevent bubbles forming which was destined to burst one day. I came to learn about Wenzhou group buying who formed by cash rich individual who organizes trip to explore new project development or launching all around China. Snatching almost 90% of the units in one single shot is not uncommon. OK, what meant by Wenzhou model was plain copycatting the hottest products launched and released by others, within months, identical products were made available and ignited the competition which in turns lower down the price and many time beyond cost values. This hit and run models didn’t have proper management planning and core technology.2. Dongguan model, I was there once, many entertainment establishments in full range, I mean some were beyon # 7 Get Help / Offer Help: Show your management that, by having a sales admin you can increase revenue by X. Or reduce cost of sales by Y. Or …whatever metric you can use that shows increased efficiency, value, to the company that you couldn’t do on your own. This sales admin person/team could also support more than one sales person. Show value in real terms and you might get a favorable response. For example, if I was going to pitch this I might say “ Mr., or Mrs. Boss, it has been my experience that, in most cases, Sales admin staff keep more expensive, and productive, sales people (like me) in front of, or on the phone with, a customer, prospect, or suspect. In a layered sales force I feel that can contribute even more time to the sales cycle and won’t spend valuable time on areas of the sales process that I am not as efficient, or cost effective, in. The key here is not to hire more sales staff, it is to get more revenue dollars for every hour of my effort.” If you are not a sales person, then offer to help. Talk to the sales team and determine where you might offer assistance. Working together with sales will give sales a renewed appreciation of you and your department. It will also give you a renewed appreciation of sales. Together you and your partner(s) in sales can revitalize accelerated revenue efforts while being an example for the rest of the company to follow # 8 Leverage Your Hunter and Farmer Skills: There are two types of sales styles to focus on to accelerate revenue, Hunters and Farmers. These two types apply to inside and outside sales people. Hunters are those sales people that love the thrill of the kill. As soon as they ‘close’ the deal they are on to the next. And they are very good at it. The main weakness of the hunter is that they typically do not nurture accounts – they lose interest in the account as soon as the ‘deal is closed. Farmers nurture accounts. They typically don’t penetrate new accounts. They take those accounts first closed by the hunters and expand them. Closing opportunity by opportunity, until they have sold all that they could sell into that account. The weakness of the farmer is that the company that they work for must continue to evolve, adding new products and services, or the value of the farmer drops quickly, for that account, to the company they work for. The key is for you to understand the two sales styles, understand which role you do best in. Exploit your strengths and find a partner that has complimentary strengths so you can leverage each other. # 9 Increase Your Number of Cold Calls: If you implement only one idea out of this article THIS IS THE ONE! Don’t waste your time with anything else unless you cold call – a lot. Look at any report that measures correlation of the success of an individual sales person, or sales team, with the number of cold calls. The number just don’t lie. There is an absolute, and direct, correlation to the number of cold calls and the success of a sales person, or team. Cold calling is just a form of networking. Everyone in the company can support cold calling campaigns, whether you are in sales or not. Cold calling is as simple as calling someone you know, a friend/associate, in a company that is not a current customer, or in a different division in a current customer, and having a conversation about their business – everyone loves to talk about themselves. Keep in mind that you do not need to close the order. You need to initiate the contact and then get a sales person involved. You can continue to follow up with the sales person as the opportunity materializes to an order. Just make sure that, once you have initiated contact, you communicate through the sales person or you just might become the problem. # 10 Perform and Leverage Win/Loss Reviews: Win/loss reviews are probably the most valuable sales tool to use AT ALL TIMES, and not just in tough times. Unfortunately, since most of the results of the review are view as more of a marketing function, most sales organizations do not do them, or worse, do them incorrectly. Also, many sales people, and their managers, are afraid of what the review will tell them – what they need to do to be successful. (areas of weakness) What a win/loss review is? A win/loss review is an in depth analysis of all aspects the sales process for a particular deal. You need to look at each and every win, and loss, and ask, sometimes tough, questions. Questions that are very similar to what you learned in college about journalism, the five W’s and one H, sometimes called the ‘Journalist’s Six W’s’ (Who, What, When, Where, Why, and How). Why you won the deal (Win Review)? Or Why you lost the deal (Loss Review)? As you review your wins, and your losses, make sure you continuously scrutinize your pricing policy. If you are losing based on price, make sure that you understand, in detail your sales process. If you sell based on value (realized value to the customer, not what you perceive your value to be) then you don’t need to reduce price, you might just need to work on your approach in establishing, and communicating, value for the customer. # 11 Visit Your Past Customers: Start with your top ten former customers. Call them, or have them called by an executive. See how they are doing. Ask them why they have not done business with you recently (this is a very valuable method to understand the customer’s perception of your company). If there are any issues, work through them. If not, engage the customer. Get back in there. Work a deal. Get the relationship back on track. # 12 Commit to Become the Sole Source for Your Key Customers: Just the commitment to your key customers would provide you huge returns. As you make this commitment to yourself, your boss, and your customer, impress upon everyone that you will do this by adding value to everything you do. Making this commitment will force you to look at all aspects of your customer’s business and understand where you, through your products/services and other capabilities, can enable your customer to increase revenue and/or decrease cost. Focusing on your customer’s business and how you can increase revenue and decrease cost will not only help you grow revenue, but also increase your gross margin on every deal. If you stay committed and honest, this process will be the springboard for a very long and very profitable relationship for you and your customer. # 13 Determine What Your Customers WILL Want: Don’t just look for what you customers want right now. Figure out what their needs will be in the future. Key note: Your customer probably does not know what she needs now. She knows what she wants, but not what she needs. As well, she probably won’t know what she will need in the future. It should be your mission in your professional life to know the future needs of your customers. – Be ahead of your customers and you will be ahead of the pack. # 14 Take Your Executive Team Out on Sales Calls: The CEO of any size company is usually the best sales person. If you think that he is not a sales person, you are wrong – dead wrong. How did he get funding? How did he hire his first staff member? How does your CEO get the management team to get what he needs done, done? He sold them, he sold them all. Your CEO owns the vision, in most cases it is HIS vision! Who else can best sell his own vision? I do not recommend you take the CEO out on the first, second, or third call. Look at your sales pipeline, take the proposal that is the largest in revenue, or is the most profitable, or you know the most about the customer/buyer. Set up a face-to-face meeting. This meeting should be with someone on your customer’s senior executive team only, preferably with the CEO. Go and get the order. This process affords you the opportunity to: 1) get to know your executive team, 2) get to know the customer in a new light, 3) understand the issues in closing business today, and 4) gain confidence in what you, and your company is doing, or needs to do. Worst case, you are educating the executive on the sales team and sales process. # 15 Advertise your success (internally to your organization at first, externally if you feel it is appropriate). # 16 Reduce Time Spent on Non-Customer Meetings: Unless absolutely necessary and even then, when you can, stop all, or reduce the amount of, time spent on internal meetings. If the meetings MUST happen then make them outside customer’s business hours. Every minute that you are in an internal meeting, you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect. Your company is in the business of making money. Every minute that you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect, you are not adding value to the customer. If you are not adding value you are not going to get paid (Revenue). Even if you work for a non-profit you need revenue (donations). # 17 Go to Training: I bet that there is at least one person in your company that is always in training for one thing or another. I am also confident that if you go to training, unless you are at a very large company, you only go through product/service training and seldom to real sales training. I was in the information technology business for fourteen years. I have been in back office support roles, I have been a techie, I have been in inside and outside sales, and I have been in sales and marketing management. I have taken so much training it is crazy. However, I have never been in sales training. The companies I have worked for were either distributors or resellers and I went to vendor ‘sales’ training countless times. Turns out, they were not sales training. They taught us how to position their products/services. That was product/service training, not sales training. I was trained OJT (on the job), trial by fire, mentored. Whatever you want to call it – it took too long to translate the training to a closed deal. I was very successful. In retrospect, I believe I could have been much more successful, much more quickly, though, if I would have gone through structured sales training. # 18 Train Others in Your Company: Leverage your sales skills to help strengthen the relationship between you and the rest of the company. Do a series of ‘lunch and learn’ sessions. Require at least one person from each department, if that make sense. The point is to give everyone the opportunity (requirement) to participate. The focus of the training should be to educate the company on your sales process and to get feedback from all employees on new ideas/approaches. You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly. # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan Selling with Stories emselves. Keep in mind that you do not need to close the order. You need to initiate the contact and then get a sales person involved. You can continue to follow up with the sales person as the opportunity materializes to an order. Just make sure that, once you have initiated contact, you communicate through the sales person or you just might become the problem.Stories are powerful tools for persuaders. Compelling storytelling automatically creates involvement and attention with your audience. We can all think of a time when we were in an audience and not paying attention to the speaker. We were off in our own world when all of a sudden we perked up and started to listen because the speaker had begun to tell a story. We sat up, attentively listened attentively, took note of what was being said, and wanted to know what would happen next. Whenever you sense your audience is starting to wander, you should have a relevant story ready. Notice I said "relevant." You can capture attention by telling a story but you will lose long-term persuasiveness if your story does not relate to you or your topic. When your stories work well to underscore your main points, your presentation will hold greater impact. Remember, facts presented alone will not persuade as powerfully as they will when coupled with stories that strike a chord within your listeners. By tapping into inspiration, faith, and a person's innermost feelings, you will cause your prospects to be moved by your story.Courtroom lawyers often create reenactments of events. They make the stories so rich in sensory detail that the jury literally sees, hears, and feels the event as it unfolded. The trial lawyer's goal is to make his or her description so vivid that the jurors feel the client's distress as their own and as such are moved by it. The more concrete and specific your descriptive details, the more persuasive your story telling will be. Using specific details pulls the listener into the story, making it real, making it believable.Pack your stories with authenticity, passion, and humor. Make sure they are straightforward and that the timeline or character development is not confusing. A story that confuses will not convince. Use your body, voice, props, music, or costumes if necessary. These methods intensify your message because they reach all the senses. Engaging the senses of your listeners will make your story more effective. If you can get your listeners to see, hear, smell, feel, and taste the elements of your story, their imaginations will drive them to the point of experiencing without actually being there.Stories can be effectivel # 10 Perform and Leverage Win/Loss Reviews: Win/loss reviews are probably the most valuable sales tool to use AT ALL TIMES, and not just in tough times. Unfortunately, since most of the results of the review are view as more of a marketing function, most sales organizations do not do them, or worse, do them incorrectly. Also, many sales people, and their managers, are afraid of what the review will tell them – what they need to do to be successful. (areas of weakness) What a win/loss review is? A win/loss review is an in depth analysis of all aspects the sales process for a particular deal. You need to look at each and every win, and loss, and ask, sometimes tough, questions. Questions that are very similar to what you learned in college about journalism, the five W’s and one H, sometimes called the ‘Journalist’s Six W’s’ (Who, What, When, Where, Why, and How). Why you won the deal (Win Review)? Or Why you lost the deal (Loss Review)? As you review your wins, and your losses, make sure you continuously scrutinize your pricing policy. If you are losing based on price, make sure that you understand, in detail your sales process. If you sell based on value (realized value to the customer, not what you perceive your value to be) then you don’t need to reduce price, you might just need to work on your approach in establishing, and communicating, value for the customer. # 11 Visit Your Past Customers: Start with your top ten former customers. Call them, or have them called by an executive. See how they are doing. Ask them why they have not done business with you recently (this is a very valuable method to understand the customer’s perception of your company). If there are any issues, work through them. If not, engage the customer. Get back in there. Work a deal. Get the relationship back on track. # 12 Commit to Become the Sole Source for Your Key Customers: Just the commitment to your key customers would provide you huge returns. As you make this commitment to yourself, your boss, and your customer, impress upon everyone that you will do this by adding value to everything you do. Making this commitment will force you to look at all aspects of your customer’s business and understand where you, through your products/services and other capabilities, can enable your customer to increase revenue and/or decrease cost. Focusing on your customer’s business and how you can increase revenue and decrease cost will not only help you grow revenue, but also increase your gross margin on every deal. If you stay committed and honest, this process will be the springboard for a very long and very profitable relationship for you and your customer. # 13 Determine What Your Customers WILL Want: Don’t just look for what you customers want right now. Figure out what their needs will be in the future. Key note: Your customer probably does not know what she needs now. She knows what she wants, but not what she needs. As well, she probably won’t know what she will need in the future. It should be your mission in your professional life to know the future needs of your customers. – Be ahead of your customers and you will be ahead of the pack. # 14 Take Your Executive Team Out on Sales Calls: The CEO of any size company is usually the best sales person. If you think that he is not a sales person, you are wrong – dead wrong. How did he get funding? How did he hire his first staff member? How does your CEO get the management team to get what he needs done, done? He sold them, he sold them all. Your CEO owns the vision, in most cases it is HIS vision! Who else can best sell his own vision? I do not recommend you take the CEO out on the first, second, or third call. Look at your sales pipeline, take the proposal that is the largest in revenue, or is the most profitable, or you know the most about the customer/buyer. Set up a face-to-face meeting. This meeting should be with someone on your customer’s senior executive team only, preferably with the CEO. Go and get the order. This process affords you the opportunity to: 1) get to know your executive team, 2) get to know the customer in a new light, 3) understand the issues in closing business today, and 4) gain confidence in what you, and your company is doing, or needs to do. Worst case, you are educating the executive on the sales team and sales process. # 15 Advertise your success (internally to your organization at first, externally if you feel it is appropriate). # 16 Reduce Time Spent on Non-Customer Meetings: Unless absolutely necessary and even then, when you can, stop all, or reduce the amount of, time spent on internal meetings. If the meetings MUST happen then make them outside customer’s business hours. Every minute that you are in an internal meeting, you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect. Your company is in the business of making money. Every minute that you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect, you are not adding value to the customer. If you are not adding value you are not going to get paid (Revenue). Even if you work for a non-profit you need revenue (donations). # 17 Go to Training: I bet that there is at least one person in your company that is always in training for one thing or another. I am also confident that if you go to training, unless you are at a very large company, you only go through product/service training and seldom to real sales training. I was in the information technology business for fourteen years. I have been in back office support roles, I have been a techie, I have been in inside and outside sales, and I have been in sales and marketing management. I have taken so much training it is crazy. However, I have never been in sales training. The companies I have worked for were either distributors or resellers and I went to vendor ‘sales’ training countless times. Turns out, they were not sales training. They taught us how to position their products/services. That was product/service training, not sales training. I was trained OJT (on the job), trial by fire, mentored. Whatever you want to call it – it took too long to translate the training to a closed deal. I was very successful. In retrospect, I believe I could have been much more successful, much more quickly, though, if I would have gone through structured sales training. # 18 Train Others in Your Company: Leverage your sales skills to help strengthen the relationship between you and the rest of the company. Do a series of ‘lunch and learn’ sessions. Require at least one person from each department, if that make sense. The point is to give everyone the opportunity (requirement) to participate. The focus of the training should be to educate the company on your sales process and to get feedback from all employees on new ideas/approaches. You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly. # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan The Adventures of an Ultrasound Technologist n. If you think that he is not a sales person, you are wrong – dead wrong. How did he get funding? How did he hire his first staff member? How does your CEO get the management team to get what he needs done, done? He sold them, he sold them all.While most believe an ultrasound technologist career begins and ends with examining babies who have yet to be born, many neglect to realize they also perform medical duties that can help save lives. Detecting birth defects in fetuses and determining genders of babies are a big part of the job, but so are medical imaging of all kinds as well as therapeutic applications. What will you encounter if you enroll in an ultrasound technologist program to eventually become an ultrasound technologist? Read on for some of the adventures in store for you as a possible lifesaver.A Tale in Medical Imaging When aspiring ultrasound technolgists attend ultrasound technologist schools, they learn medical sonography, also known as ultrasonography. Ultrasonography is a useful diagnostic medical imaging technique that helps ultrasound technologists visualize muscles, tendons, and many internal organs. This innovation is also used to visualize a fetus during pregnancy.The Therapeutic Applications Did you know ultrasounds can treat benign and malignant tumors? This is something you will learn after you attend an ultrasound technologist school. When used with dosage precautions, an ultrasound technologist can help a patient in need of therapy. This form of therapeutic application is known as focused ultrasound surgery or high intensity focused ultrasound.Ultrasounds can also be used during teeth cleaning in dental hygiene or biological heating of tissues during occupation a therapy and cancer treatment.Want to Be a Life Saver? From therapeutic applications in treating tumors to detecting problems before they worsen, it’s no question an ultrasound technologist can save lives. Interested in doing just that? Ultrasound technologist schools can provide you with the proper training to become a professional imaging specialist. After you train at an ultrasound technologist program, you can assist physicians and help improve medical diagnostics of patients in need. Your CEO owns the vision, in most cases it is HIS vision! Who else can best sell his own vision? I do not recommend you take the CEO out on the first, second, or third call. Look at your sales pipeline, take the proposal that is the largest in revenue, or is the most profitable, or you know the most about the customer/buyer. Set up a face-to-face meeting. This meeting should be with someone on your customer’s senior executive team only, preferably with the CEO. Go and get the order. This process affords you the opportunity to: 1) get to know your executive team, 2) get to know the customer in a new light, 3) understand the issues in closing business today, and 4) gain confidence in what you, and your company is doing, or needs to do. Worst case, you are educating the executive on the sales team and sales process. # 15 Advertise your success (internally to your organization at first, externally if you feel it is appropriate). # 16 Reduce Time Spent on Non-Customer Meetings: Unless absolutely necessary and even then, when you can, stop all, or reduce the amount of, time spent on internal meetings. If the meetings MUST happen then make them outside customer’s business hours. Every minute that you are in an internal meeting, you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect. Your company is in the business of making money. Every minute that you are not in front of, or on the phone with, or supporting the needs of, a customer, prospect, or suspect, you are not adding value to the customer. If you are not adding value you are not going to get paid (Revenue). Even if you work for a non-profit you need revenue (donations). # 17 Go to Training: I bet that there is at least one person in your company that is always in training for one thing or another. I am also confident that if you go to training, unless you are at a very large company, you only go through product/service training and seldom to real sales training. I was in the information technology business for fourteen years. I have been in back office support roles, I have been a techie, I have been in inside and outside sales, and I have been in sales and marketing management. I have taken so much training it is crazy. However, I have never been in sales training. The companies I have worked for were either distributors or resellers and I went to vendor ‘sales’ training countless times. Turns out, they were not sales training. They taught us how to position their products/services. That was product/service training, not sales training. I was trained OJT (on the job), trial by fire, mentored. Whatever you want to call it – it took too long to translate the training to a closed deal. I was very successful. In retrospect, I believe I could have been much more successful, much more quickly, though, if I would have gone through structured sales training. # 18 Train Others in Your Company: Leverage your sales skills to help strengthen the relationship between you and the rest of the company. Do a series of ‘lunch and learn’ sessions. Require at least one person from each department, if that make sense. The point is to give everyone the opportunity (requirement) to participate. The focus of the training should be to educate the company on your sales process and to get feedback from all employees on new ideas/approaches. You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly. # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan ISO 9000 History >You will be pleasantly surprised where the best ideas come from. Remember to include ALL employees in the training sessions. The rewards will appear as accelerated revenue very quickly.ISO 9000 is an important marketing tool and is recognized world wide. Maintained by the ISO (international standards organization), it is a family of ISO standards for quality management systems. ISO 9000 grew out of British standards institution's BS 5750. The ISO 9000 series are managed by several accreditation and certification bodies. Though the standard was first applied to manufacturing industries, it is now employed across a variety of other types of businesses.Studies show that the history of industrialization has seen lots of standards on quality issues. For instance, during the two world wars, a high percentage of bullets and bombs went off in the factories themselves in the course of manufacturing. In an effort to curb such causalities, UK?s ministry of defense appointed inspectors in the factories to supervise the production process.In 1959, the United States introduced Mil-Q-9858a, the first quality standard for military procurement. By 1962, NASA developed its quality system requirements for suppliers. Six years later, NATO accepted the AQAP (allied quality assurance procedures) specifications for the procurement of equipments. In 1969, UK and Canada introduced suppliers? quality assurance standards.During the 1970s, British standards institution (BSI) published BS 9000 (the first UK standard for quality assurance) and BS 5179 (guidelines for quality assurance) norms. During the period, the BSI held meetings with industry to set a common standard. Consequently, in 1979, the institution developed BS 5750, a series of standards for use by manufacturing companies. They were enforced through assessments and audits.In 1987, the BSI revised the standard to take in service providers and manufacturing industries also. In 1988, ISO adopted the BS 5750 standard without changes and published it globally under the name, ISO 9000.In 1994, ISO revised the standard. In December 2000, the standard was again reorganized. The new ISO 9000 standard has many resemblances to its predecessors. # 19 Get Everyone Networking: From the CEO to the sales team, including all marketing, fulfillment, administration, and back office staff. Everyone knows someone. Know who they know and leverage everyone to accelerate revenue. I suggest that you start with a plan and some training that you provide during ‘lunch and learn’ sessions. Set the objectives of the Networking Plan and communicate to the team. # 20 Energize Alternate Sales/Marketing Channels: Sure you have partners. In today’s networked world EVERYONE partners. Unlike others, make partnerships work for you. I understand that you might not have the authority to execute contractual relationships with partners, however, you can make personal commitments and team with many partners to drive your accelerated revenue. Determine which partnerships will drive the most revenue for you, then develop and leverage them first. # 21 Integrate Internal and External Resources in Revenue Driving Activities: As either a product or service based company you value your staff at the top of the list of your assets. However, are you leveraging them to grow your accelerated revenue? You should! Leverage all resources within your organization and your alternate channel organizations to: - Perform Presentations at Seminars/Conventions; - Attend Pre-Sales Calls; - Attend Post-Sales Calls; - Run Cross Project Meetings; - Write Books and Articles; - Train/mentor you; - Build Relationships with Your Customers/Prospects; and - Build a Name for Your Company. Leverage Your Back Office Staff too. Get everyone in the company involved in customer related activities, including the back office. Many companies follow the ‘Everyone Sells’ approach – you should as well. For example: - Have Accounts Receivable (A/R) Meet with your Customers to: o Pull in Credit Terms o Collect on Slow Players o Usually Invoicing Issues o Understand the Customer’s Best Practices - Process - Procedures o Build Relationship with Your Customer’s - Buyers - Accounts Payable - Have Accounts Payable (A/P) o Shop for Better Pricing and Terms o Pool Buying Power with Partners o Build Relationships with Vendors - Understand the Vendor’s Best Practices - Process - Procedures # 22 Revitalize Your…SELF. Here are some tips I strive to use often: - Regulate your thoughts - wipe out worry - rid your self of resentment - Nourish your mind, read - Act the way you want to feel - Remember, trouble finds everyone - keep perspective - focus on your response - Take time to reflect - before reacting - restore your sense of perspective - Laugh a lot - Learn from difficulty - seek opportunity in the difficulty - Recharge relationships - seek solace from family and friends - Lend a helping hand - helping others has been found to be the best medicine - Keep going - don't get 'stuck' in the difficulty, identify it and move on - Waste less time - Exercise regularly - Contribute to your community - Do not neglect my family in pursuit of the almighty dollar - Focus on quality Now it is time to put together your accelerated revenue plan! Your plan should include many of the areas covered in this article, and many more. Good Selling!
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