Showing posts with label Trends. Show all posts
Showing posts with label Trends. Show all posts

Growing Sales - New Approach for Creating Trust & Rapport with Prospects & Customers

Are you finding it harder to connect with your target prospects and customers?

Is technology making it easier in some ways to connect, but harder in others when it comes to trying to build trust and rapport?

Do you find yourself trying to get to the sale faster these days ..... before you have built the right foundation of connection between you and the buyer .... when you reach someone are you concerned because you don't know how often email and voice mail and text messages will stand in your way the next time you reach out?

Online sales communication strategies and systems are ready to effectively integrate with the more traditional phone and face to face sales methods to more effectively build trust and rapport with targets.

I have been spending a great deal of time over the last 6 months learning the best practices for building a business around Thought Leaders and Experts. People who have a high degree of skill in or knowledge of a certain topic. Someone who takes a specific topic/focus for what they have learned ... have become an expert in ... package it in a way that a target audience will find it useful and of high value .... and willing to "pay for it."

It has been an interesting journey from positioning to developing integrated suite of information products to the latest online sales campaigns and the technology infrastructure required to deliver messages and products. As is always the case with technology, things have changed so fast in the last couple of years, what is available now to support this kind of business online is so simple to set up and the costs are nominal to get started. I wish these alternatives existed 4 years ago when I was working on my own online "pilot" in partnership with an NBA Team. I would have spent less time and money on technology development & management and more time focusing on proving the concept and strategy.

As I have been taking my own years of business building experience and adding the "Expert" niche best practices to it, I have gotten into many conversations with people. Exploring opportunities with those who fit the Thought Leader/Expert role and how I can help them build a business around their area of expertise.

All this has also gotten me considering how the new best practices for online product marketing and sales will ultimately be more effectively integrated with the more traditional phone or face to face selling methods. When looking at the online marketing industry through the "rearview mirror," the perception is not always a good one ...... it is all about sell .. sell .. sell...do and say whatever you have to say to sell something to someone online.

Looking through the "windshield," There is a big shift taking place. Rather than sell .. sell .. sell....it is about "giving to receive." Online sales campaign best practices are more about building trust and rapport with a target audience without even discussing the product sale until multiple interactions with the target customer has delivered real value at no cost ..... regardless of whether or not they buy anything. This approach is building relationships online through trust and rapport that typically was not happening in how the online strategies were once implemented.

Now that the online sales strategy & implementation capabilities have come so far with new cost effective solution alternatives that are easy to get started and manage, I believe more and more businesses should be creating integrated suites of information products for their target audiences. Some of these businesses may choose to provide these new products bundled with their core offerings ..... some will see these new products as an opportunity for new high margin revenue streams. Whichever way these companies decide to go, I envision the approach to selling in these companies will be changing and will be using these online approaches to support the more traditional methods of building trust and rapport in the sale process to manage customer relationships and close more sales.

Are you trying to better differentiate who you are in your market?

Are you competing in a mature market & finding it harder and harder to differentiate other than price reductions that keep squeezing your margins?

Get started today and create a real tangible way to differentiate. Create high value informational products or programs that complement your core offerings. These products can truly address needs and pain points your prospects and customers are searching to address.  Start today building this into your product strategy and integrate online sales campaigns with your current phone and face to face approaches to close more sales.

Let me know how I can help!!!


View Pat Alacqua's profile on LinkedIn 

Discovering Your New Product Concept

I find myself thinking all the time what might a new idea or concept be that I could launch & build a business around. I am also asked the same by others ... "How can I identify an idea or concept to build a business around." Many of us are looking for that next opportunity we can launch!

My recommended approach is to consider the target audience you would like to serve. Gather information from those target customers. The information you learn from them will often create the path to identifying a new product or service they may be willing to pay for if you were to create it.

Here are some questions to ask and sentences to finish for use when gathering insights from your target audience. The insights you get from the people you talk with will leave you clues on what kind of products, programs and/or services you might consider creating.

Here goes ....

  1. My target customers feel they are falling short in this area ....
  2. Most of my target customers would pick a fight to protect the belief that ....
  3. Most of my target customers have no idea how to .....
  4. Most of my target customers have the goal to .....
  5. Most of my target customers deeply value ....
  6. Most of my target customers are terrified that ......
  7. Most of my target customers are frustrated with these things .....
  8. Most of my target customers are held back by these things ....
  9. What are your target customers trying to accomplish this year? (learn this ......, master this ....., achieve this ....., have this ...., to be this ....., to feel this ...., to experience this lifestyle ...., avoid this forever ......
  10. What do your target customers need to double the results they are responsible for in their business?
  11. What strategies have your target customers tried to improve their desired outcomes? What has worked? What has not worked?
  12. What do your target customers search (google) for ..... topics and key words?
  13. What do your target customers hate to do?
  14. What do your target customers love to do?
  15. What do your target customers pay good money for?
  16. What are the 10 questions (FAQs) your target customers seem to always have?
  17. What are the 10 questions your target customers should be asking and they are not yet asking?
  18. How can you add more value for your target customers and make their lives more interesting?
After gathering all the above information from your target customers, ask yourself what products, programs or services you could create that would be perceived as high value by your target customers. Would they be willing to pay for them?

Take action now to learn these customer insights and you will be 1 step closer to identifying that new product idea or concept you can get excited about! 

Let me know any comments or questions you have in the comment section below. I will respond just as soon as I can!

View Pat Alacqua's profile on LinkedIn

Looking Ahead - Trends & Trigger Points

Identifying Opportunities & Threats - Stay out in front of your business by identifying the most favorable and unfavorable trends that will have the highest impact on your success. An easy framework of thinking to ensure you effectively manage a dynamic changing environment is as follows:

TRENDS: when you can connect two or more points to show a direction, you have a trend (ie: increased bookings of 4% to 6% for the past 3 months). 



TREND INDICATORS: what quantified factual data ($; units; ratios; costs; tons; margins; etc) can be tracked to monitor your trend (favorable or unfavorable). 


TRIGGER POINTS: what pre-determined level in the trend (favorable or unfavorable) will cause you to take action? Change your strategy? Review an existing policy? ....... what ACTION will you take to pursue an opportunity or prevent a threat? Who has the authority to act? How much $$$ is allocated to address?


This kind of "disciplined" thinking will help you stay on top of the opportunities and threats for your business as you navigate your company to its next level of growth. 


Strategic Planning systems do NOT have to be just for the larger companies. There are easy to implement ongoing methods for any size company that provide you the vision and clarity for taking the right actions to guide your business to greater profits and value.

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