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(Image by Mohamed Ibrahim)

(Image by Mohamed Ibrahim)

The uncertain economy is making it difficult for many firms to break out of the economic doldrums that have been sitting over us for what seems like a really long time. Every once in a while we get a peek at the sun coming out from behind the dark clouds, but the clouds won’t move completely out of the way. The result is worried professionals trying to get business from companies whose leaders are also worried, stressed out, over worked, and bombarded with offers.

What does it take to get through to those buyers, who don’t see an end in sight to the chaos? It calls for analysis, planning, and old fashioned hard work. No one is going to give you a magic wand to wave.

You want to start by acknowledging your buyers’ predicament. They are, as Jill Konrath writes, suffering from “Frazzled Customer Syndrome,” and you need to approach them differently than how you have handled other prospects and leads in the past. In fact, “traditional sales strategies actually create insurmountable obstacles that can derail your sales efforts,” Konrath writes in her article, What to Do When Clients Suffer from ‘Frazzled Customer Syndrome’.

Following Konrath’s SNAP Rules, however, you can change how such prospects react to you. Start by keeping it simple. Make it easy for them to buy from you, she says. You also want to show that you’re invaluable, align what you do with what they want to achieve, and raise priorities.

Colleen Stanley adds that successful selling starts with having the right intent. Enter each sales call with a sincere desire to understand and help your prospects and clients, not simply make a quick sale. [click to continue…]

Topics: Referrals, Sales Approach, Thought Leadership
Photo: Jason Gulledge

Photo: Jason Gulledge

Last week, I had a long-overdue chat with a former colleague, a marketing director. We met in her office, and as I sat down at her work table, she scooped up piles of papers to make space for my coffee.

“Sorry,” she said. “I’m in major overwhelm mode here. Juggling too many writing projects and a new product launch.”

Well, I know that feeling, so I jumped right in.

“What are the writing projects? Is there anything you could hand off to a freelancer?” I asked.

“Well, there’s a white paper that needs writing, and we have no sales collateral for the new product launch,” she responded. “Why, do you know someone?”

“Sure.” I rattled off the name of a writer who specializes in writing white papers for the IT industry and another who would be a good fit for the sales collateral.

My friend was thrilled. I was happy to be able to help. And, importantly, those two writers each just received a referral. And, not just a generic “I need a writer referral.” I didn’t simply offer my friend the names of some “writers;” I gave her the names of an “IT industry white paper writer” and a “sales collateral writer.” Professionals who specialize in solving the exact problems she was facing.

Despite the growing number of ways to generate leads for professional services, e.g., direct mail, cold calling, email, online, webinars, and more, research shows that referrals are still the top way professionals generate leads. [click to continue…]

Topics: Referral Generation, Referrals
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Professional Services Marketing 101

by Erica StritchAugust 30, 2010

Back to School;
Back to Marketing Basics
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It’s quiz time.
Get your pencil, get a sheet of paper, and put your thinking cap on.
Now, answer this question:
Which factor contributes
the most to your ability
to ultimately win a
sale?

Your marketing
The proposal
Your sales conversation
Price
Experience in your prospects’ industry

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You finally did it. You created a blog. You’ve taking one of the first steps to establish yourself as a thought leader to attract new clients. And you’re psyched about it, posting three to four posts a week. But you enter the third month, and your energy is waning. No one has commented on [...]

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“Complex problems have simple, easy to understand, wrong answers.”
- H.L. Mencken
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by Erica StritchJune 15, 2010

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by Mike Schultz and John DoerrJune 9, 2010

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by Erica StritchJune 7, 2010

According to educationist Edgar Dale, we remember:

10% of what we read
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30% of what we see
50% of what we see and hear
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If we were to look at this hierarchy and map it to the typical sales process, we’d see that as sellers, [...]

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by Erica StritchMay 24, 2010

In my Twitter activities I came across an excellent post on Tom Searcy’s Hunting Big Sales blog, Price is No Object.
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I couldn’t agree more. Price often is not the heart [...]

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by Michelle DavidsonMay 20, 2010

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4 Ways to Respond When the Prospect Says, “We Already Work With Your Competitor”

by Erica StritchMay 18, 2010

Here’s the situation: You get an introductory conversation with a great prospect, someone that fits your target profile to a T.
Not long into the conversation, however, the prospect says, “We already work with one of your competitors to do this.”
What do you do next?
If you’re like most professional service providers, you politely say, “Thanks for [...]

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Stop Price Competition from Keeping You Awake at Night

by Mike SchultzMay 17, 2010

Price competition is a boogey man that can keep even those best at selling products and services awake at night. Like a boogey man, sometimes it’s real and sometimes it’s not. How we think about it and confront it is often the difference between the two.
Last week I was interviewed by Dianne Crocker over at [...]

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by Michelle DavidsonMay 13, 2010

Business and client relationships can be difficult to develop and nurture, but they’re important to building a sustaining business that grows year after year. What often happens is the initial contact with someone starts out strong and then it tapers off. There isn’t an immediate need or opportunity and so the potential client or business [...]

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You May Be Listening, But Are You Really Hearing Your Clients?

by Erica StritchMay 10, 2010

I am on the tail end of an 8-month remodel of the fixer-upper lake house my husband and I bought last year. The house was originally a cottage built in 1935, so to say we’ve run into our fair share of issues during the remodel process is an understatement.
With most of the heavy lifting behind [...]

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by Michelle DavidsonMay 6, 2010

Leads—they’re always important and good ones are often elusive. Professional services firms have a variety of strategies in their arsenal for generating them, but according to research from The Shattuck Group five are most preferred. In the podcast, Preferred Lead Generation Tactics for Professional Services, Randy Shattuck says email marketing rises to the top as [...]

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by Erica StritchMay 4, 2010

It was a Tuesday evening, and I had just arrived home from work. It was unusually hot for early April, and I was ready for a large glass of ice-cold water.
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4 Crucial Elements to Rainmaking

by Mike SchultzMay 3, 2010

People often ask me, “Can rainmaking be taught?”
It can surely be taught, but the question that people must ask themselves and their teams is, “Can we learn to make rain?”
Makes me think of this one:
Q. How many psychologists does it take to change a light bulb?

A. One, but the light bulb has to want to [...]

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Stuck in a Rut? Set Challenging Goals to Break Out and Grow Business

by Michelle DavidsonApril 29, 2010

Admit it. Sometimes you feel like you’re in a rut. You set goals for yourself and your firm, but they just seem tedious—more things to bog down your ever-increasing to-do list. If that’s the case, then you need to take a second look at your goals. As Jill Konrath writes in her article, Challenge Yourself: [...]

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Your No-Nonsense Lead Nurturing Plan

by Erica StritchApril 26, 2010

Here’s the scenario: You have a great conversation with a prospect, you uncover needs and know your services can help. They’re the right size firm, and you’re talking to the decision maker. But the prospect is not looking to do anything right away. Despite your efforts to move your project up the priority list, there [...]

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Economic Improvements Coming; Strong Leaders Needed

by Michelle DavidsonApril 22, 2010

A glimmer of hope is starting to shine through the dark economic clouds. Different markets are beginning to see improvement, including professional services firms, says Wellesley Hills Group President Mike Schultz. And that means leaders of those firms need to get out from behind their bunkers and stop thinking about merely surviving. “It’s time to [...]

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The Evolution of Business Development in Professional Services Firms

by Erica StritchApril 20, 2010

I was in a meeting last week, and we started talking about the evolution of professional services firms and the roles individuals play when it comes to their business development responsibilities. As many of you may have surmised and probably experienced, economic realities and changes within firms have altered who must be involved.
Professional Services Business [...]

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Measuring the Success of Your Email Campaigns: It’s more than Opens & CTRs

by Erica StritchApril 19, 2010

Many marketers base the success of their email programs on two misleading stats: open and click-through rates (CTR). I can’t tell you how many times I’ve had a conversation that goes something like this.
Marketer: Our email program is great. On average we get 30% open and 20% click-through rates.
Me: That is great, but do you [...]

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Sell More by Doing One Simple Thing (That Everyone Says Not to Do)

by Mike Schultz and John DoerrApril 18, 2010

“If you want to demonstrate your expertise, if you want to gain client’s trust, ask a lot of good questions.”
“You were given two ears and one mouth for a reason. Listen twice as much as you speak.”
“Throwing ideas against the wall and seeing if something sticks…that’s what amateurs do.”
However you want to put it, the [...]

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