How Clients Buy

Profitable Ideas Exchange
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May 23, 2017 • 9min

The Lost Art of the Cold Call

The Lost Art of the Cold Call The Blue Devils were down. Duke would either advance to the Final Four or get washed out of March Madness. With less than a minute to go, they hit a three-point shot and were up again. The crowd went crazy. Stephanie Cole and her husband Dave were at home on the edge of the sofa shouting at the TV. Neither were Duke fans, but both had Duke winning. The path to a winning bracket seemed much more in reach. Suddenly Stephanie, a managing director at PIE, remembered the LinkedIn profile of an executive she had been trying to meet. “I knew we could help him, so I had decided to cold call him.” She had left voicemails and sent occasional emails for more than a year, but he had been unresponsive. Now as students rushed the floor after the final buzzer, she turned to Dave and said, “He’s a Blue Devil.” Make a Human Connection In an age when computers are ubiquitous, it is easy to want to automate the selling of expert services. Software can have its place, but nothing replaces human contact. If you see someone you feel you can help, sometimes it just makes sense to just pick up the phone. Let’s be clear here: Phoning someone you do not know can be scary. We would much rather publish a whitepaper on a subject and hope that customers beat a path to our door, but to rely on that as your only means of making new friends is crazy. Overcome the fear, find the phone number, and make the call — resolute in your belief that your experience can complement the experience of the person you are calling, and that together there is a least the possibility of creating value that each of you could not create alone. The Method Stephanie’s method to the lost art of the call: Develop a thesis: What companies can you potentially help with your expert services? Identify the role: Inside the company, what is the function you would be helping? Find the person: Call into the switchboard, search online. Identify the name of the person you are trying to reach. Call in through the switchboard: Leave a voicemail for the person you are trying reach. Most people don’t pick up their phones these days. Your job is to communicate that you are a human being and not a robot. Don’t sound too polished. Cold calling is not your full-time job. Tell them you must have missed them and that you will send an email. Find their email: Look online. Look for email patterns in a company. Don’t be afraid to send several different email combos in the hope that one hits. Keep your email short and ask for a call: Reference your voicemail. Try and reference something personal or points of intersection. Research what is happening in their lives or their companies. Don’t get carried away, though. Research can be a way to put off the call. Double-check your email: This is your first impression. It is worth a second read before you press “send.” Follow-through: Says Stephanie, “I am committed to appropriate follow-up.” The people you are trying to reach are very busy. What they have no time for today, they may have time for tomorrow.   The Lost Art of the Cold Call by Stephanie Cole http://media.blubrry.com/how_clients_buy/content.blubrry.com/how_clients_buy/The_Lost_Art_of_the_Cold_Call.mp3 ← Three Legs of a Stool Outrageous Success → The post The Lost Art of the Cold Call appeared first on How Clients Buy.
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May 22, 2017 • 17min

Three Legs of a Stool

In this discussion, Ann Kieffaber, a recently retired managing director at Accenture with extensive experience in health analytics, delves into the complexities of selling services to large organizations. She emphasizes the importance of understanding the buying ecosystem, where no single decision-maker exists. Key topics include building authentic client relationships by balancing personal connections with professional insight, and the critical role of strategic account planning in enhancing client engagement. Kieffaber also highlights the necessity of navigating intricate decision-making dynamics in business development.
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May 10, 2017 • 6min

Servant Leadership

Leadership involves more than directing others; it's about active listening and engagement. Discover how executive interviews can unveil hidden business development opportunities through conversational techniques. Learn to transform client challenges into collaborative opportunities by fostering trust and understanding. The discussion emphasizes a 'servant sales' mentality, where value and storytelling take precedence over traditional sales methods.
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May 8, 2017 • 8min

How Selling Expert Services is Different

Join Tom McMakin, CEO of Profitable Ideas Exchange, as he reveals the art of selling expert services versus traditional products. He discusses how the reliance on personal experiences and testimonials is crucial for establishing trust. McMakin highlights the emotional dynamics influencing consumer choices, emphasizing that selling expertise is about relationships, not transactions. He also addresses the challenges faced in niche markets and the importance of showcasing expertise to build credibility. A fascinating dive into the nuances of service-based selling!
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May 3, 2017 • 7min

A Tasting Flight

The discussion dives into the challenges of being too vague in professional services, stressing the need for clear communication. It contrasts expert services with physical products using a MIDI interface as a lens. The conversation also highlights evolving strategies for service providers, showcasing how audio and video content can enhance credibility and engagement. Tune in for insights that can transform how you present value to potential clients!
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Apr 29, 2017 • 8min

On Making Friends Across the Organization

In this lively discussion, John Nord, Managing Director at Profitable Ideas Exchange, shares his insights on building connections within organizations. He emphasizes 'farming' over 'hunting' in sales, highlighting the importance of nurturing relationships for sustainable success. John reveals proactive strategies for obtaining referrals and stresses the significance of rapport and trust. He also provides tips for networking at live events, encouraging listeners to prepare and share personal stories. Lastly, he delves into navigating organizational politics to foster cross-departmental connections.
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Apr 27, 2017 • 11min

How Selling Expert Services is Like a Game of Baseball

Matt Ulrich, Managing Director at Profitable Ideas Exchange and a specialist in business development, compares selling expert services to playing baseball. He emphasizes the importance of steadily rounding the bases, building trust, and creating genuine relationships with clients. The discussion highlights the nuances of navigating these relationships, from initial introductions to crafting tailored solutions. Ulrich also shares insights on timing, active listening, and understanding client needs to successfully close deals in the competitive landscape of professional services.
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Apr 18, 2017 • 7min

Using Peer Forums to Develop Relationships

Jacob Parks, COO of Profitable Ideas Exchange, shares insights on using peer forums to foster trust and demonstrate expertise among professional services clients. He underscores the importance of preparation and authentic engagement in teleconferences to create meaningful conversations. Parks also discusses crafting effective agendas that prioritize participant input, and he highlights the advantages of teleconferences for business development over traditional in-person events, particularly in the consulting industry.

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