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08 Mar 2008 12:28:06 | C.J. Hayden, MCC
Selling your services to corporations is an attractive
proposition. The contracts are larger than with small businesses
and individuals, and often longer-term. There's the possibility
of repeat business worth many billable hours at respectable
rates. But the best clients are not always the easiest to get.
If you don't grasp the realities of the corporate environment,
you may sabotage even a hot lead. Here are five important keys
to working with the corporate buyer. 1. Managers are busy. This
is just as true in economic downturns as during a boom. When
business is slow, unnecessary employees get laid off. The people
left behind have to pick up the slack. Busy people ignore
unsolicited email and letters, and will not return your phone
calls. Even when you are in the final stages of closing a deal,
your contact may not return your calls for weeks. If you accept
this as normal behavior instead of obsessing about how you may
have caused it, you will sleep better at night and use your
daylight hours more productively. 2. Hot buttons open doors. If
you want to capture the interest of a busy person, you need to
tell them exactly how you can help them. Calling just to
introduce yourself will not get their attention. What do the
people in your target market perceive to be the greatest
problems they face, or the biggest goals they wish to achieve?
Ask these questions of the people you serve and the other
businesspeople who serve them. Read trade literature or special
interest publications and educate yourself on the key issues in
your marketplace. Then tell your prospects in every
communication how you can help address these needs. 3. Every
choice must be justified. When you sell to the owner of a small
business or to an individual for his or her own use, your buyer
is free to make purchasing decisions based on instinct, whim, or
gut feeling. But every corporate sale must be justified to
someone else in the organization. A supervisor must justify
choices to a manager, the manager to an executive, the executive
to the CEO, the CEO to the board, the board to the shareholders.
Each one of these people wants to look good to the next link up
the chain, and dreads making a public mistake. If you want your
sale to go through, you need to provide your contact with
EVIDENCE why you and your solution are the best choice. 4. The
bottom line rules. When you provide your evidence, it had better
include dollars and cents. If you are more expensive than your
competition, what added value will you provide? If hiring you
will cost more than solving the company's problem in some other
way, what tangible benefits will they receive that make the
added expense worthwhile? Individuals and small businesses buy
services in the category of nice-to-have, often to improve their
quality of life or that of their employees. Corporations,
especially in lean times, don't. You must sell them something
they actually NEED and prove how it will enhance their bottom
line. Real-life examples of results at other companies can speak
volumes. Illustrations with charts and graphs are more
convincing than any brochure. 5. No budget; no project. Even
when the company needs what you have and thinks you're the best
one for the job, the deal won't go through if there's no money
in the budget. You can ask your contact to try for a budget
variance, but no budget usually means your project will be
deferred until the next fiscal year. Always ask if the client
has a budget at the first meeting. Don't necessarily expect them
to tell you how much it is -- price negotiations will come
later. But if your contact can't answer budget questions, it's
also a strong clue you are not talking to the decision-maker.
C.J. Hayden, MCC
About Author :
C.J. Hayden is the author of Get Clients NOW! Since 1992, C.J.
has been teaching business owners and salespeople to make more
money with less effort. She is a Master Certified Coach and
leads workshops internationally. Read more of her articles at
www.getclientsnow.com
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