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2013 Year of Opportunity

Forget what you read in the papers and see on the news.  Here at AZtech we believe that 2013 is the Year of Opportunity.  Why do we say that?

One reason is that 2012, the year of political melodrama, is over.   We don't have to guess who will win the presidency and what will happen as a result.  We know who won and no matter how we feel about him, we're all clear on what that means, both the good and bad, for the next four years.  The Affordable Care Act (aka Obamacare) survived the Supreme Court.  We don't have to wonder if it will and what it will mean.  Now we can implement strategies to deal with it.  Regardless of how it is all works out, the spectacle of the fiscal cliff is ending.   It doesn't much matter if we go over it or not, life will go on.  The hullabaloo over it all will be over and we'll all deal with whatever comes our way.    It's not like we can do anything about it anyway.  It's two years before the next election.  All of which means, much of the uncertainty that plagued us this past year is over.   

We may not like all the answers, but we have them, and that is a good thing.   Now we can all let out the collective breath we've been holding and move on.   That's the great thing about our businesses, forward movement is inherent to our nature.

But the real reason why we believe 2013 is the Year of Opportunity is that, for the first time in quite a while, our clients have turned their focus toward their customers.  Over the last several years the focus has been internal.  Although many talked about growth, they spent most of their time looking for places to cut.   By now, most have cut all they can.  All are tired of cutting.   Now they are asking: how can we improve our relationships with our customers and target markets so we can all grow?  There is renewed focus on collaboration with partners and suppliers.  Businesses of all sizes are acknowledging that their success is concatenated to their communities.

The question is how to transform from an internal to an externally focused organization?  Most believe it requires a cultural shift that they are ill suited to execute.  The good news is it is easier than most think.  All it really takes is encouraging every functional group to get out of the office to talk to customers, suppliers, business partners and the communities and markets within which the business operates.  At the same time, invite customers, suppliers, business partners and representatives for the community into the office.  They key is to extend all conversations to include outsiders.   Just hearing these outsider points of view from their sources (vs market analyst reports) will start a cultural shift that will take on its own momentum.

So who are you going to go meet this week?

 

AZtech Around the Web

Anne Zink is a featured blogger on:

Huffington Post:

  • Can Business & Charity Coexist
  • Selling Isn't About You
  • Moving Beyond LinkedIn

Corp! Magazine

  • Nurture Relationships

Why a Good Alliance Fails

AZtech is pleased to announce  The Creative Selling Methodology for Alliances.  Over the past 15 years we've spent hundreds of hours a year analyzing what works and what doesn't work for alliances.  This entry shares the seven reasons alliances fail to meet their objectives even when there is executive commitment and the sales force compensation and quota attainment has been designed to incent the right behavior!

  • They fail to create a balanced business development strategy focused on both new opportunities and serving their bases.  Far too often the alliance ends up just shifting customers from one partner to the other without significantly growing the base.  That frustrates both parties.
  • They are not able to capture and communicate the thought leadership and competitive advantage of the alliance as a united entity.  They may create a joint value proposition, but they don't go the extra step to develop true thought leadership.
  • Once the thought leadership is created, they fail to promote their unique point of view to the market place, particularly to major influencers. 
  • They don't take the time to integrate their professional networks to facilitate the creation of new opportunities in new customers and markets.  This must happen at all levels of the organization.  
  • They don't refine the pre sales support processes to insure they can support a "sell with/thru" process.  This is especially true in direct-centric companies.  They simply don't think about the challenges of adding a strategic partner to the mix.  Very few companies have a perfect pre-sale/bid & proposal system in place as it is.  Add a few alliances and any weakness are exacerbated.
  • They don't translate the alliance business development plan into an executable form for the sales force.  Far too often alliance planning sits in a bubble.  The sales force, even if they are well compensated/rewarded for alliance sales, don't understand the objectives,  how it can help them achieve their quota, or how to leverage the alliance.
  • And finally, they fail to create realistic investment budgets to insure the relationship is adequately funded.  Companies tend to allocate people resources, but don't think through the cost of developing a new market or winning a strategic deal with an alliance partner

Next blog we'll talk about how the The Creative Selling Methodologycan help!

Lowering Cost of Sale - Create or Wait

As regular readers know, I'm writing a book focused on how to create rather than wait for opportunity.  Granted that is much easier said than done. Creating an opportunity takes more upfront planning, more time, more energy, more persistence and more creativity than responding to a customer's stated need in the form of an RFI or RFP.

But does it cost more?

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Becoming a Seller Thought Leader

In the last post I talked about the value of the Seller/Thought Leader.  In this entry, we'll explore how Sellers become Thought Leaders.

There are four steps to becoming a Seller/Thought Leader.

1.Build Industry/Market Knowledge and Contacts

A Seller/Thought Leader joins industry associations and attends events, roundtables and workshops to give her a deep understanding of the challenges and growth opportunities in her area of focus. She invests in reading the analysts reports and understanding emerging best practices. She cultivates relationships with other thought leaders both inside her company and her industry who will challenge her thinking and help solidify her point of view. She is a constant learner, always seeking out opportunities to engage with customers, prospects and experts in non-selling environments.  Most important, she focuses beyond her company.She deeply understands the emerging strategic competitive landscape.

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Creative Selling on Huffington Post

Hope you also enjoy my blog on Huffington Post:

http://www.huffingtonpost.com/anne-zink/are-we-too-picky_b_1890443.html

 

 

Chapter 3: Creative Qualification

The following is an excerpt from my forthcoming book Creative Selling!

The best of the best, our elite group, approach qualifying prospects with a fundamentally different mindset from most. They don't walk through the standard pre-qualification litany of questions. Instead, they may target a prospect because they see huge potential for the prospect to improve some aspect of its business performance using the value they bring to the table. They may know someone who just took a very senior position in the company. They may see the win as a game changer for their career or their company.  They always think it would be fun.

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Introduction to Creative Selling

 

Picture your most recent early in the sales cycle meeting.  Was it with an existing customer or with a new prospect in an existing market?  Were you there because you heard her company was considering upgrading or overhauling a particular process which would involve your goods and services?  In other words, did you know she might need your stuff?  Did the customer already have a pretty good idea of the total budget and what percentage would be allocated toward products or services you could supply?   Did your conversation focus on improvements your company had made that would benefit your customer?  Did your next steps include preparing a formal presentation to other stakeholders or perhaps submitting a proposal?

If you answered yes to many of the questions above you are in good company.  The vast majority of successful salespeople have the same experience.  But the there is a group of sales people that have an entirely different experience.   Who? The ones consistently closing the multi-million dollar sales.

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Creative Selling To be Published Soon!

I am pleased to announce Creative Selling: Create & Close More Opportunities Using a Model Proven by a Billion Dollars of Sales  will be published soon!  The book is a distillation of the methods used by sales professionals across several industries to create and close a billion dollars of sales over the past five years.  

I'll begin to preview chapters on this blog shortly!  Although those of you who regularly read my blog will already have a good idea of some of the methods used!

Thanks to everyone who pushed me to do this!

Selecting the Right Outside Expert

Sitting in an airport lounge last week I couldn’t help overhearing three people lamenting over the state of their business.  Their complaint was not lack of opportunity, but of customer’s unwillingness to pay fees for their services.  Almost all their prospects wanted them to work for success fees only.

I hear the same thing when working with clients to add outside experts to a sales team.  Clients always first ask if the expert will work on a success fee only.   It’s important sales experts not get insulted and understand why clients start there.  More often than not clients have been badly burned in the past because they did not align the type of sales expert they were hiring with the opportunity or market they were pursuing.  I have found, with almost no exceptions, that once clients understand the different types of sales experts and their contribution to the sale they are willing to compensate accordingly.

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