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Selling to Business Part 1
Five tips to make it easier to sell to business. Reprint from AeA Techline, Fall 2005.
Selling to Business Part 2
Five more tips on how to sell to business. Reprinted from AeA Techline, Winter 2006.
Demand Generation for Dummies
Many years ago I raised a small furor back at The Big M. Sitting through division presentation by our ad agency (a national agency that you've no doubt heard of), I asked a heretical question.
Field of Dreams
Ever see the movie “Field of Dreams?” Kevin Costner gets a spiritual message to build a ball field in the middle of nowhere. The ghost of “Shoeless” Joe Jackson tells him, “If you build it, they will come.” And they do.
How Much Is Enough?
I'm surprised at the number of sales people I run into who give up too soon. I've seen this for years, and it continues to amaze me.
The Magic Bus
Best book I've read recently: “Good to Great,” by Jim Collins (author of “Built to Last”). Collins assembled a research team to investigate why some unglamorous companies beat the market—and the competition—so amazingly well.
On Venture Capital
Recently I sat through a presentation by five notable venture capital partners who discussed the forecast for 2002 and beyond. While they were focused primarily on the Northwest, most of what they said applies to everywhere.
Surviving the Downturn
Wow. Will things ever improve in tech? Everybody I talk to tells me sales are down, companies are going out of business, customers are postponing purchases, things are really bad.
What About the Web?
IT managers are like bank customers. They are buying something basically intangible (technology) with a promise of a reward (some return on that investment, whether increased productivity or reduced costs). If you're trying to sell your product to that IT manager, you have a fundamental problem unless your name is Oracle, Cisco, Microsoft, IBM.
Action Based Collateral
Put this test to all your collateral: web pages, data sheets, demos, sales aids. What action do you want the prospect to take when she is finished with the collateral?
Demo Death
Last month I gave you some tips about demos, but one large company here in Redmond didn't pay attention. Yes, I'm talking about Bill and Steve's excellent adventure, AKA Microsoft. Recently some of the Workpump gang sat in on a truly painful demo by a 'softie on their new CRM product.
Focus and Execution
I've been thinking a lot about these two success factors lately, and frankly I can't think of any that top them. Way too many years ago I had a job fixing cars and Bob—a guy I worked with—used to say, “A bad idea that works is better than a good idea that doesn't.”
Are you Invested?
For some reason otherwise sane people just go nutty when it comes to investing in their businesses. They either invest too much, not enough, or in the wrong places.
To Market, To Market, To Sell a Fat Pig
If you stay in the game long enough, you'll get market validation—well, feedback, anyway—but it may not be what you want to hear. The paranoid and deeply stupid will create a product in complete isolation and then roll it out expecting customers to beat down the doors in a buying frenzy.
Peel Me a Tomato
I was slicing a tomato for a salad the other day when I suddenly remembered my Grandmother, standing with her cane in the kitchen peeling tomatoes. She always peeled tomatoes if they weren't going to be cooked. As she saw it, the peel was an unpleasant part of the tomato which should be removed. What makes this interesting…
A Thousand Here, A Thousand There; Pretty Soon It All Adds Up
Spending wrong is just as fruitless as not spending at all. Throwing all your money at product development, without reserving budget for demand generation, PR, administration, etc, won't get you to success.
Anchoring
If you're not familiar with the concept of anchoring you should be. Psychologists have demonstrated this phenomenon repeatedly, basically proving your mother was right when she told you how important first impressions are. The first impression becomes an anchor which later colors all future impressions, regardless of subsequent facts.
Don't Overdo It
The tendency of software entrepreneurs is to write code. Even if they themselves aren't developers, they want to get something working fast. An admirable sentiment, but not always a smart one.
Getting Money, Making Money
Venture Capital firms are doing deals, but no one seems to want to invest in early stage companies anymore.
Learning from BMW
BMW has always been a company I admire. I've owned their cars, I've taken their cars apart, and I've raced their cars. Great cars. Until recently…
What Are Your Marketing Goals?
Think of sales as a process, beginning with first contact and ending with a sale. In between those two ends are steps…
The Selling of the Presidency
If there's any common thread I see in tech startups that don't make it, it's this: they lose sight of the fact that ultimately they have to have something that sells. So someone has to do the selling.
Do's and Don'ts of Trade Shows
It’s trade show season again. Shows can be a great opportunity to do some serious selling or just an expensive trip out of town. It’s up to you to make it the one and not the other. So here’s how to maximize these important marketing events
How Good Are Your Anchors?
Software is about the most abstract product in the universe. After all, it's just 1s and 0s organized into a unique pattern that—when translated correctly by the right system—does something interesting.
Execute or Die
One of the things that separates the truly great companies from the rest is the ability to really execute. We've all seen them, those companies that seem to sweat every detail, that leave nothing to chance, that do everything right.
Has BillG Lost It?
All in the course of a single morning I had three negative Microsoft-related encounters. Loyal readers who secretly or not-so secretly believe that Chairman Bill is the Antichrist and the spawn of Satan rolled up into one might not raise an eyebrow at such a statement, but since my involvement with the company goes back to the week OS/2 was announced (April 20, 1987) I have a different set of expectations.
Longhorn: No Bull
Longhorn, aka the next version of Windows, won't ship until late 2006 (if then), but it has ramifications that begin today. Recently we spent a day at Microsoft learning more about this new OS, and I'm convinced that this is going to be a tsunami-size wave. Smart companies need to fit Longhorn into their product roadmap…
Newton, Darwin, ISP's, and Software
It's Friday night when I'm writing this and the power's been out due to a big windstorm for more than 12 hours. I live in the country and get my water from a community well, so no electricity = no water, which is a significant problem after a while. The infrastructure out here is old and above ground and coupled with lots of trees it means that power outages are common in winter.
Building a Strong Message
Powerful messages go directly to important benefits for your customer. Top two? Either you're going to save them money or increase their sales.
Why Not? Understanding Lost Sales
Nobody bats a thousand, so what happens when you get a “No, thanks”? Sometimes you can learn more from the sales you don't make then the ones you do.