INSIGHTS & JOY

A business newsletter with Pizzazz!

"We help leaders tackle major issues and become better marketers
using a holistic business approach!"

    
Dick Morgan CMC, FIMC

July 2010

 
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A well-planned and effectively executed sales approach that keeps your prospect's interests and needs in the forefront is rare. Your prospect may at first be shocked, then favorably impressed by your professionalism. You transform yourself into a respected business representative for your company rather than "just another salesperson." This month, I relate a couple of stories to illustrate my point. I hope it spurs your thoughts about how you can creatively adapt an approach to your own hard-to-reach decision makers.

 


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IN THIS ISSUE

Getting to the decision maker

Marketing Facets - The Market Focused Guide to Company Analysis

Smiles make the day!

$ Million Marketing Tips

Facts about wine...


Getting to the decision maker

People who make decisions are usually quite busy. Busy people like to spend time with those who can help them accomplish their objectives. You have the best chance of getting a positive hearing for your proposals when you make an appointment in advance and when you are prepared.

There is usually a "best time" to discuss new ideas with an individual decision maker. Try to find out when that time is and then suggest an appointment at that time. With some, it is early, before the start of the day. Others prefer late afternoons, evenings, etc.

Try the telephone and e-mail first. If you have trouble getting past the gatekeeper, a brief letter or post card (which few people in sales use anymore) can be effective. The decision maker's own e-mail address may be hard to obtain and may be ignored. Gatekeepers who may screen telephone calls usually will not toss out a letter or card without letting the decision maker see it. You must give the decision maker a good reason to want to invest time in a meeting with you. Create a degree of curiosity when possible, then deliver with a well-planned presentation. Since you should always anticipate success, be prepared to suggest the next steps needed to implement your plan of action. 

A couple of stories:

Once, when I assumed a sales territory, I learned that nobody from my company had ever been able to meet with the factory manager of my largest account. The lack of communication with the top decision maker left us vulnerable and I decided to remedy the situation. The factory manager's office was separate from the plant itself and appeared impregnable. The factory manager's secretary was adept at protecting access to her boss, turning away my telephone requests for an appointment. Not content with the status quo, I decided to send the manager a postcard stating a date and time that I would be at the factory to meet with him to discuss additional ways that I planned to help him improve the factory's performance. I gathered up every scrap of courage I could muster and climbed his office steps, coming face to face with his stern secretary. Smiling and nervous, I introduced myself and handed her my card, expecting the battle for her boss's ear to begin. Instead, she help up my postcard and smiled back at me. "He's expecting you, Mr. Morgan, let me show you in." As it turned out, he was not a three-headed monster after all. He quickly understood that I was providing useful assistance to his plant engineer. I summarized the savings our collaboration with his maintenance team had achieved in the past year, and outlined the actions in progress at the time. As I suspected, the plant engineer had never mentioned my company's cooperation to the factory manager. I left with an open invitation to keep him informed and to meet with him any time I felt it would be helpful. He walked me out and let his secretary know that I was always welcome.

Sometimes, it takes a creative approach to finally get to the decision maker. Once there, you must demonstrate your concern for that person's needs and why you deserve to be welcomed back. In another hard case, the key to that first interview, learned from the plant maintenance engineer, was to arrive before seven o'clock in the morning with two cups of hot coffee and a bag of donuts. When the plant manager arrived minutes later, he invited me into his plush office. He appreciated the potential savings ideas I presented as well as the unexpected breakfast. That initial early morning meeting lead to the acquisition of my major target account within thirty days.

Conclusion: A well-planned and effectively executed sales approach that keeps your prospect's interests and needs in the forefront is rare. Your prospect may at first be shocked, then favorably impressed by your professionalism. You transform yourself into a respected business representative for your company rather than "just another salesperson." You still have to convince your prospect that you can help, but a professional start earns you blue chip status and, at the very least, will make future interviews more productive. 


Marketing Facets - The Market-focused Guide to Company Analysis

Should a salesperson's birth date be an important fact for a company acquirer to know? Could extended product warranties create a competitive advantage? How does the company forecast sales? What are the backgrounds and capabilities of the firm's key managers? Answers to these and a vast array of other in-depth questions receive attention in Marketing Facets.

Marketing Facets is a practical resource for those involved in determining the current health of a company and gauging its future prospects. Marketing Facets is a 103-page guidebook, and a supplement to other evaluation procedures and information normally gathered during a thorough due diligence or business valuation process. The workbook takes a holistic approach, assembling facts and management assumptions in key areas to help the analyst form and support conclusions. 

Marketing Facets is a valuable resource to private investment fund managers, individual investors, venture capital specialists, investment banks, and valuation specialists. Marketing Facets is also a guide for C-level executives who wish to perform their own company analysis as part of normal business planning, or in advance of efforts to refinance, acquire or divest.

Marketing Facets is available in electronic form via the Internet, on CD/ROM, or in print with a ring binder. 
> Electronic in MS Word .doc or Adobe .pdf format via the Internet @ $79.95
> CD/ROM format @ $85.95 including U.S. shipping and handling
> Ring binder version and CD/ROM combo @ $99.95 including U.S. shipping and handling

Consulting is also available. Please contact me for additional information.
Telephone: 972.931.7993  Fax 972.931.0542
 
rpmorgan@morganmarketingsolutions.com.
 


Smiles make the day!   
Persistence...
 
1. The thing to try when all else fails is...again!

2. There are four steps to accomplishment: Plan purposefully. Prepare prayerfully. Proceed positively. Pursue persistently!

3. The person who gets ahead is the person who does more than necessary - and keeps on doing it.

4. The person who really wants something finds a way; the other person finds an excuse.

5. Failure is the path of least persistence.

6. If you can't think up a new idea, try finding a way to make better use of an old one!

7. It is often the last key on the ring that opens the door.

8. Some may succeed because they are destined to, but most succeed because they are determined to!


$ Million Marketing Tips

TIP: Can you tell prospects in a compelling way why they should buy from you instead of your competitors? Work on it!

TIP: Assume you can improve what you are now doing. Get help when necessary...then do it!  


Facts about wine...

1. When in doubt, the "old" general wine and food pairing rule is still reliable: white wine with white meat and red wine with red meat.
 
2. Offer your server a taste of the wine if you bring your own bottle. It's a polite gesture and often results in better service.
 
3. For brunch, make selections similar to those you would choose for a picnic. Sparkling wines go well with egg dishes.
 
4. Try fruity and spicy wines with barbecue. Opt for Zinfandel, Petite Syrah, or Rhone reds.
 
5. Peach and apricot notes are found in many bottlings of Viognier and Pinot Blanc.
 
6. People often talk about the "legs" or "tears", the tiny droplets of wine that cling to the side of a glass. They think they are a sign of quality. Legs only indicate a high alcohol or sugar level.

 

A client speaks:  "Perhaps this will motivate another business owner. Eighteen years ago, I was under my building and my business was on top of me. Dick took me aside for two days and got us refocused. Since then, our sales have tripled! The company is far more profitable since Dick helped me get through a very rough period. I have referred others to Morgan Marketing Solutions over the years and they, too, received excellent support. I continue to consider Dick Morgan a valuable outside counselor, and I call on him when I ponder a major decision."  Ned Edwards, President, Star Tire, Inc., Dallas, TX 

 

Our ideal client is a business owner or CEO between 30 and 65+ years old. Usually with a financial, engineering, or production background. Who is often impatient, and interested in improving company performance. Comes alive when you ask, "How's business? " He, or she, is practical but also enjoys the finer things in life. So, you may see my ideal client driving a Lexus, BMW, or SUV to Neiman Marcus...and to Sam's Club. Who do you know that fits this description?

 

P.S. Ninety-five percent of our engagements originate as a referral from helpful people like you!
       If you know someone who:

> Wants to develop a more productive marketing program, or
> Needs help building and implementing an effective operational business plan, or
> Wants to exit a business or acquire another company,

I would appreciate the opportunity to discuss the situation with you.


© 2010 Morgan Marketing Solutions, Inc. All rights reserved. Other distribution permitted with proper attribution.

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Richard P. Morgan CMC, FIMC
Morgan Marketing Solutions, Inc.
Two Galleria Tower, Suite 1000 Box 8
13455 Noel Road, Dallas, TX 75240-6620

Telephone 972.931.7993  fax 972.931.0542
email
rpmorgan@morganmarketingsolutions.com
www.morganmarketingsolutions.com

Author, Marketing Facets - The Market-focused Guide to Company Analysis


"We help leaders tackle major issues and become better marketers using a holistic business approach!"

CMC (Certified Management Consultant) is a mark awarded by the Institute of Management Consultants USA, and represents evidence of the highest standards of consulting and adherence to the ethical canons of the profession. Less than 1% of all consultants have achieved this level of performance and dedication. For more information go to: www.imcusa.org
 

 

 
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