Posts tagged: Business Development

How to Build a Successful Sales Organization

by Mark Elliott

B2B-Sales-Mike-StankowitschThis week I was in KW for the monthly Business Development and Senior Sales Peer2Peer event at Communitech.  This is a wonderful opportunity for sales leaders to meet-up and discuss many pertinent topics.  This is one of my favourite sales resources and there are also many other great Peer2Peer groups on a full range of topics that are important to both startups and more developed technology companies.

This week Mike Stankowitsch, a sales leader at OpenText, presented “How to Build a Successful Sales Organization”.  The event featured a ton of great content, but here are my highlights from the session.

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5 Tips for Great B2B Sales Presentations

by Mark Elliott

This past week I was happy to attend the Business Development and Senior Sales Peer2Peer session at Communitech in Kitchener/Waterloo. If you are in the KW area, I would highly recommend finding the right Peer2Peer group for you. I've found that they are great for networking and very informative. This week's session was on Effective Sales Presentations by Nancy Lefneski from IWCC.  Nancy had a lot of great content in her presentation, focusing mostly on:

  • Open and Close
  • Verbal and non-verbal
  • PowerPoint
  • Audience Interaction
  • Notes and Rehearsal

It was very good session and got me thinking about what my top tips are for great B2B sales presentations.

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Top 10 Tips for a Successful B2B Sales Meeting

by Mark Elliott

Meetings are often one of the most important components of a B2B sale.  Roughly half the sales effort is attaining the meeting and the other half is what you do in the meeting.  What you do before and after the meeting are important, but don’t minimize the meeting itself.

Below are my top 10 tips for a successful sales B2B meeting.

 

1. Goals Make sure that you have goals for the meeting.  These goals should help you move the opportunity towards being closed.  Goals could include both understanding the buying decision and validating a prospect’s interest in your solution. It was a successful meeting if you achieve your goals.

2. Next steps At the end of each meeting next steps should be discussed with the customer or prospect. Next steps can include a proposal, meeting with a decision maker or a demo of the solution.

3. Ask questions At the start of the meeting ask a lot of questions so you can better understand the target’s pain, environment, and goals.  This will help you to align your solutions to the targets interest.

4. What is in it for them Always ensure that you understand why the customer called the meeting.  You will want to meet their needs for the meeting as well, not just your agenda.

5. Don’t interrupt If the customer is talking don’t cut them off.  First, it is rude and second, they could be about to say something that would significantly help the meeting.

6. Research before the meeting There are many sources available to research a customer before a meeting.  Research the customer and contact through the company site, search engines, and through social media tools like Linkedin, all of which can significantly help the meeting.

7. Focus on what you have learned Take what you have learned in the meeting from the customer to alter your pitch and focus.  Target the things that the customer is interested in versus going through all your products and features.

8. Create pauses Don’t forget to stop talking and allow for comments from the customer.  This gives them the opportunity to ask questions or provide comments.

9. Introductions There may be new people in the meeting that you have not met before.  Introductions help to understand why they might be in the meeting and the role they could play in the decision.

10. Don’t be late There is nothing worse than being late for a meeting. Always focus on being early; Canada deals with poor weather and traffic conditions therefore plan your trip ahead by leaving yourself ample time.  Before the meeting, find the closest coffee shop with wifi to spend extra time if you do arrive early.

If you would like some help with setting up a team strategy in order to get the most out of your meetings or would like some help booking meetings, we can help. Please connect with me and we can discuss your needs.

 

 

 

 

A Start-up Sales Necessity: the Elevator Pitch

By Steve Gruber

Back in early 2010 I did a blog around developing an “elevator pitch” and its importance when you are a startup.  I think having a short, concise and simple to understand elevator pitch is an absolute necessity to any company and even more so if you are a startup.  Why?  Most people will only give you a few seconds of their time to hear you out and if your description is too long, too technical or too confusing, they are done and so are you.

While doing some research on this topic, I came across a great tool that can be used by any entrepreneur to help build their elevator pitch and wanted to share it with you. The tool, called the “HBS Elevator Pitch Builder”was designed at Harvard Business School and provides an entrepreneur with an easy to use  mechanism to craft a solid elevator pitch. Flickr – Marco Wessel

I have outlined the 4 key points below for you. Remember, you are looking to keep it simple, concise, impactful and memorable.

1. Describe you or your business – this is the “who” you are component? The best bet here is to keep it short and sweet.

Using VA Partners as an example, “Hi, my name is Steve Gruber. I am co-founder of Venture Accelerator Partners and am passionate about helping Canadian companies grow their business.”

2. Outline “what” you do at a high-level. You can use your tag line or mantra.

“We drive revenue for growing organizations. Our services include part-time sales, marketing and social media assistance”

3. Provide a list of your benefits – this is the “why” should someone utilize your services.

“We have:

  • A proven track record of success – a few examples include closing $300,000 in incremental revenue for a web based software company working 1.5 days a week; helping a manufacturing vision systems company implement a sales process and roll-out Salesforce.com; increasing a Cleantech companies’ sales funnel by $3,000,000; growing a financial client from 1 customer to over 40 in two years.
  • Over 50 years of experience in technology sales.
  • A cash-flow friendly solution for firms looking to grow their revenues but can’t afford a full time person.
  • Experience in both channel and business to business sales.”

We did an excellent blog around “Quantifying your Business Benefits” that includes helpful tips you can use to better articulate the benefits your organization provides.

4. List your immediate goals – what you want to achieve out of this meeting or presentation. Be specific, outline a timeframe and be realistic. You can always follow the SMART Methodology – Specific, Measurable, Attainable, Realistic, Timely.

“I would like to understand the effectiveness of your sales & marketing efforts today and identify if VA Partners can be of assistance. How does your schedule look next Tuesday for a face to face meeting to investigate further?”

We would welcome the chance to help you build your “elevator pitch” and go to market.  Feel free to contact me.

B2B Sales Strategy: Insider Tips for Startups

by Mark Elliott

On March 22nd I had presented “B2B Sales Strategy” as part of the MaRS Best Practices series.  It was a great experience dealing with the MaRS team both on the preparation of the event and at the session.  There were almost 30 attendees and we had many questions and interactions from the crowd.  The hour long presentation and questions were captured on video.

The highlights of the presentation included:

  • Having a great Value Proposition is essential
  • Use a CRM
  • Identify the steps in a successful sale
  • Focus on the right contacts and targets

These highlights are expanded on in the video provided:

You can also view the full presentation on Slide Share:

It was a privilege to be asked to contribute to this session. Visit the MaRS website for lots of great content that can help startups. If you have any B2B Sales Strategy questions, please get in contact with me through our website  and I’d be happy to provide some assistance.

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