The Competitive Advantage

January 17, 2023

Establishing Your Marketing and Sales Priority for the New Year

I came across an article this morning in my daily online reading entitled, ‘5 strategies B2B marketing and sales teams can bank on as markets tighten.’ Looks interesting, I thought… so I clicked on the link to read it.

And while the overall article was just OK, the first item on its list is what really caught my eye: ‘Stop chasing leads, double down on customers…’ The author is right, I thought… but only partially.

Doubling down on customers shouldn’t just be your top priority during difficult times, it should be your top priority ALL the time!

December 28, 2022

The Top 10 Blog Posts of 2022

Over the past year, our blog posts were read thousands of times. To all of you who stopped by to take a peek… thank you. We hope you found the articles to be interesting, helpful and maybe even a little inspirational.

Secondly, our blog now houses more than 500 articles on sales and marketing (this is actually #521), all related to growing your business in our industry. And the fact is, if you keep reading them… we’ll keep writing them.

December 21, 2022

Are You Prepared for Sales and Marketing in 2023?

As 2022 winds down, and you start looking at your sales and marketing efforts for 2023, there’s one question you’re probably asking yourself – like we all are – and that is, “How do we grow [more] next year?”

Before I try to answer that question, let me share one of my favorite business philosophies… “If you keep doin’ what you’re doin’, you’ll keep gettin’ what you’re gettin’.” The fact is, if you want to grow in 2023 – or grow more than you did in 2022 – you’ll have to try something new. Or maybe several somethings. Maybe this is the year you test LinkedIn advertising, create some videos or employ SEO in your marketing. Or finally pull the trigger on hiring your first full-time sales rep.

Whatever it is… you need to embrace it. If not, then the best that you can hope for in 2023 is exactly what happened to you this year.

December 13, 2022

Setting Your Sales Goal for 2023? You’re doing it wrong!

Right about now, management teams from firms all over our industry are gathering around conference tables to make plans for next year. And one of the key items on every one of those agendas is, “What’s our sales* goal for 2023?”

[*For those of you afraid of the word “sales,” insert “revenue” here.]

Too often, the management team will defer to the president or CEO, who picks a number ‘out of the air’ because that’s what he/she would like to see happen in the next year. Sadly, very little thinking has gone into the president’s sales goal… it’s mostly gut feel and hope.

November 29, 2022

Best Sales Question Ever?

One of the key attributes of every successful sales rep and seller-doer is their ability to ask questions. Ask enough of the right kind of sales questions, and the buyer will tell you everything you need to know to earn their business.

There are all types of questions – during the exploratory phase of a relationship – that can help you to understand the problems and challenges faced by the buyer. And by understanding what’s happening there, allow you to solve their problem, and in the process, win the sale.

November 15, 2022

Revenue Measurement: 4 Ways to Improve What You’re Doing Now

There are all kinds of metrics that business owners and leaders need to track… but none more important than revenue. And if I was a betting man, I’d wager that you’re tracking your firm’s revenue in three or four ways:

• Revenue this month
• Revenue year-to-date
• Revenue last year-to-date (for comparison)
• Revenue by sales rep (if you’re including sales commissions in their comp plan)

And there’s nothing wrong with those. What you learn from them is helpful in terms of the health of your firm, but there’s not much ‘actionable’ you can take away. Those measurements are good… but they’re incomplete.

November 8, 2022

The 4 Biggest Mistakes That Seller-Doers Make… and How to Fix Them

In the 10+ years I’ve been working with seller-doers in our industry, I’ve observed a number of common behaviors that impact sales. Negatively! Behaviors that the vast majority of seller-doers exhibit. Behaviors that are actually pretty easy to change and in doing so, would significantly help them to be more successful.

October 18, 2022

Is Your Work Good Enough to Ensure Repeat Clients?

Spoiler alert: It’s not!

If you were to ask 10 market research business owners what keeps their repeat clients coming back, nine of those 10 will say, “It’s because of the good work we do.”

To be fair, if you do lousy work, your clients won’t become repeat clients. But the reality is that most all firms do good work. It’s table stakes these days. There’s nothing unusual about it. Just to ‘be in the game,’ you’d better be good at what you do.