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Improve Your Message Before You Call

7 May

Since I have that fancy letter “C” as the first letter in my title as Chief Sales Officer, I get quite a number of cold calls.  Of course it just makes me cringe to be called by someone who hasn’t even spent a minute looking at our business and developing a message about their solution that I’d care about.  But I do enjoy critiquing in my mind their pitch.

Some would like to rename cold calling.  I recently heard it called “introductory calling” in an interview done on Barry Moltz’s talk radio show.  I don’t know, seems analogous to putting lipstick on a pig.

lipstickpig

Instead of just renaming the term, Nigel Edelshain of Sales 2.0 has written a 24-page ebook on turning cold calls into social calls.  He reviews the new Sales 2.0 techniques and tools to “…help you with the three most critical factors: talking to the right people, establishing relationships and using changes in your buyer’s environment.”

You can download Nigel’s book for free here.  Adding his blog to your RSS reader is also well worth it.

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Minding Your Money Interview with Inquisix

25 Mar

Tom Cafarella, Inquisix member, owner of accounting firm CMB Accounting and host of “Minding Your Money” on TV, interviewed Michael Kreppein of Inquisix recently. Tom and Michael spoke about the challenges facing small businesses, specifically how they can find new business.

http://www.viddler.com/simple/59f0d3df/

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Boston Business Networking with dancing II

16 Mar

I wrote about NetParty‘s Business Networking event last August 2008.  Well, they’re back and hosting a new party in Boston on Tuesday, March 24th.  Their parties combine Business with Social Networking.  First h0ur or so is business networking with just light music in the background.  Then the social networking kicks off and the music gets turned up.

Will you attend?  Get your free invite here by March 23rd.

Boston not local to you?  They have other cities to choose from.  Wonder what the party in Buenos Aires looks like?

netpartylocations

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White Paper Available – Inquisix Referral Networking

4 Mar

Whether you’re a front-line sales rep hunting for new business, a consultant delivering solutions, or small business owner communicating with customers, board members and employees, it’s all about selling: selling to win new business or selling to retain customers in an increasingly competitive marketplace. So what’s the deal with the buzz around emerging Sales 2.0 solutions? Which approaches are best able to fill the pipeline? How can you integrate informal networking with the latest technologies?

This White Paper by Michael Kreppein, Inquisix’s Chief Sales Officer, explores the value of referral networking by using Inquisix to combine your in-person with your online networking.

Please download the White Paper in pdf format by clicking the link below.

InquisixWP
Inquisix White Paper on Referral Networking

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Networking is for Mentoring, too

14 Jan

I read just a great article today about 6 brothers who are all successful IT sales reps in the Boston area.  You can read the full article at MassHighTech and it’s well worth the read.  They said that the main reason for their success was the mentoring they all did amongst themselves over Sunday dinner.  They did it themselves because they found that “…many companies put less emphasis on mentorship and training than they should.”

MassHighTech 6 Murphy Brothers

The brothers not only mentor each other but take pride in mentoring the new hires working for them.

Do you have a mentor?
Who are you mentoring?

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Top Inquisix Posts of 2008

25 Dec

Happy Holidays and Happy New Year to all. As the end of 2008 rapidly approaches, the Inquisix team hopes you are all enjoying the holidays with your family and friends. If you’re thinking of prepping early for 2009, here’s some of our most popular articles from 2008.

Why Cold Calling Doesn’t Work:

Cold Calling From the Buyer’s perspective:

Generating Referrals:

Pay or Play for Referrals/Reputation:

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You lost me at "Hello"

17 Dec

Stephanie Fox Muller, one of our advisory members, sent me this email along with her comments below.

Why would anyone take a salesperson seriously when their first communication – first! – offers a freebie of four hours of work? Let’s see, I don’t yet know what you do. That means I have to take my time to go to your website and figure it out. Then decide if I want four hours free.

If your fear of the economy is showing, maybe you need to take a step or two or nine back. If your product or service had value before the economy tanked, it still does. If you don’t believe that, you can bet that your prospects won’t. Good sales and marketing people know how to position their offering to meet the current needs of their audience. If you can’t figure out how to sell whatever the heck you offer in light of the current economic conditions, the last thing you want to do is give it away. If it ain’t worth anything to you, it’s worth less to me. And I don’t buy the little disclaimer at the end – if you try us out now, you may buy us later. If I don’t need you now, I won’t remember you later.

Instead of doing the email equivalent of cold-calling with a drop-your-shorts offer, how about asking clients who DO see your value and ask them for referrals?

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How Strong is Your Referral?

5 Dec

An interesting post on EyesOnSales by Paul McCord got me thinking early this morning.  He says to make sure you know how strong your referral is before contacting the prospect.  Just because someone gave you a referral doesn’t mean that the prospect values that referral.  Seems like common sense to find out what the relationship is and how strong it might be before acting on that referral.

But maybe it’s not common sense.  Inquisix (as you all know!) maps the process of getting (and giving) referrals online.  Just like a SFA system tracks a sale from lead to prospect to opportunity to close, Inquisix tracks referrals from search to ask to get to rate.  Our data shows that the referrals with the best rating almost always have the best exchange of information at the ask and get stage.  Why?  Because at this stage in the referral exchange is where you are networking with another person to gain a referral from them.  Thus, you are exchanging your bona-fides on why you deserve the referral and why they can deliver on the referral.

The best referrals provide you the opportunity to strengthen your reputation with not one but two parties – the person you’re asking the referral of and the person you’re getting the referral to.  Makes sense to take the time to do it right!

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Does Your Best Salesrep Behave Badly?

25 Nov

I’ve recently been catching up on the medical TV show, House. He’s a brilliant doctor who’s interested in diagnosing the diseases but not interested in his patients. He’s arrogant, condescending and a royal PITA*. He’s also one of the top doctors in the U.S. So his behavior is tolerated and even encouraged by his boss when a really tough case comes along.

Don’t we know sales reps like that? They bring in the big deals, save the company’s quarter on more than one occasion and earn more money than their boss. But they’re also rogues who don’t play by the rules, couldn’t be bothered to keep the SFA system up to date and generally ignore the rules without consequences. Their boss has a love/hate relationship with them, with love being highest at the end of the quarter.

What does your company do? Do they tolerate these reps? Embrace them? Fire them? Try to find more of them?

What would you do if you were their boss?

* PITA - Pain in the A**

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The Virtual Handshake – Building an online business presence

14 Nov

On the recommendation of a friend, I’ve been reading, “The Virtual Handshake” by David Tetten and Scott Allen.  It’s an interesting mix of research into online networking and practical steps to improve your online networking experience.

They suggest that how you build relationships has not changed since the days of networking via face-to-face and email.  What’s changed is the medium in which you network – now it’s primarily the web. I think that while the web is important, it’s primary purpose is to enhance your face-to-face networking, not replace it.

The book focuses on their 7 keys to building and maintaining an effective online network.  I think these steps would be just as applicable in building an effective in-person network.

  • Your Character – what other people think about you.  It’s your reputation
  • Competence – do you walk your talk?
  • Relevance – how relevant is your network to your networking goals?
  • Relationship strengths – how strong is your tie to the people in your network?
  • Information you know about the people in your network – parallel to the strength of your ties is how much non-published information do you know about the people in your network?
  • Number of people in your network – both your direct and two-degrees-away network
  • Diversity – the more heterogeneous your network the better it can help you

The authors believe that social networking software allows you to have the best of both worlds, a large quantity of high-quality connections.  While I don’t agree with this sentiment, as I wrote here, I do concur with their sentiments that successful networkers focus on what they can give you and not what you can give them.

All in all, a good book to read.  Especially if you are looking for a how-to book on building a sustainable and positive online presence.

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