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Greetings!
Welcome to the first month's edition of the Performative
newsletter.
On a monthly basis we will supply you with useful tips and
articles to help you maximise your sales & marketing effort and
minimise your costs. The newsletter will also keep you updated
on our latest company news; promotions, products and services, as
well as providing you with details of new legislation that could
affect you.
If you benefit from the contents of this newsletter, please
forward it to others so that they too can benefit.
| Fear of the Phone! |
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For many, the thought of picking up the telephone to
generate new business means that they suddenly become
distracted by a million and one mundane activities that
desperately need their attention! Tidy the desk. Sort through
the Inbox. Do that filing.
In fact anything, rather than pick up the telephone, but by
following a few simple guidelines you can increase your team's
calling effectiveness and results by up to 20%.
At Performative, we have developed a proven approach that
will enable your people to put the right proposition, to the
right person, at the right time, and achieve the right results
- more business.
To find out how this approach can help to increase your
telemarketing effectiveness and generate more new business
follow the link below to read the full article. Alternatively,
If you would like to understand how we could help you to
implement this approach inhouse call us on 01494 582 084.
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| Negotiation Tips - Price, Cost &
Value |
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Does negotiating with customers or new prospects leave you
reaching for the aspirin? If so, our three part negotiation
tips series could be the pain relief you're seeking! You will
find our Top 10 Tips for dealing with 'Price, Cost &
Value' below.
- Make sure you and the prospect are talking the same
language - price and cost are different things and neither
should be confused with value!
- Beware the meaning of the words. If the prospect uses
the terms 'value' and 'added value' ask them to define the
two, so you can agree on a common understanding.
- Your fees should be directly related to the value of
your proposition, not for a particular task or on
functionality. If the prospect wants to lower the fees, find
out which part of your solution they are willing to give up.
- Value should include subjective as well as objective
measures.
- Discount has very little meaning outside volume and
commodity branded purchase - ask the prospect why they think
a discount is appropriate.
- Establish why they are asking for a discount. What is
their issue; is it their company policy/culture to ask for a
discount? If they continue to push ask them what they are
willing to give you in return (e.g. better terms,
references).
- Practice stating and explaining your fees - don't be
apologetic, do not "excuse" your fees. Make it clear that
you are proud of the value that you give i.e. what the
prospect will get for their investment.
- Never voluntarily offer options to reduce fees unless
they are matched by a reduction in functionality and/or
value.
- It is better to do something extra than to lower fees.
If you are forced to give concessions, do it very publicly
making sure the prospect knows what you have given,
otherwise it is has as much value to you as winking in the
dark.
- If you must lower fees, seek a quid pro quo from the
buyer. Trade what is obviously important to the prospect for
something of value to you.
In the next edition we will cover 'Needs & Wants vs.
Your Offer/Solution' and thereafter 'Negotiation
Tactics'.
Call us for more details on our 'Negotiation to Win'
courses, which are specifically designed to suit individual
customer needs - 01494 582 084
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| New legislation - avoid fines of up to
£5,000 |
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Over recent years we have seen a dramatic increase in the
use of telemarketing in the sales & marketing mix.
Companies using some form of telemarketing recognise that it
can achieve 20 times the response rate of a direct mail
shot with no follow up.
However, on the 25th June this year we saw the introduction
of new legislation that provides all businesses with the
ability to opt out of receiving direct marketing calls by
registering with the Telephone Preference Service (TPS).
To understand how you can protect yourself and your company
from hefty fines and the potential of bad publicity
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| Beware - Data Protection Scam! |
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Earlier this year Information Commissioner, Richard Thomas,
warned companies in the IT Sector about bogus agencies sending
notices demanding money to register under the Data Protection
Act 1998 (DPA).
Evidence gathered highlighted the fact that IT companies
were being specifically targeted with threatening
official-looking letters requesting sums ranging from £95 -
£135 to register. The statutory fee is in fact £35 per year
and businesses that need to register should go directly to the
Information Commissioner's Office (ICO).
Over the past two years these bogus agencies have ripped
off thousands of pounds from British businesses, although the
number has dropped the ICO still receive around 2,000 calls
per month.
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Complimentary Sales Skills Test worth
£300 |
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We have identified through regular communication with
senior directors that finding, developing and retaining good
sales and marketing professionals is one of their top
issues.
What's more, most of these directors also say that their
people have the greatest impact on whether they achieve
revenue targets and reach their business goals. So, how can
companies improve productivity, identify clear training needs,
and recognise when somebody just isn't right for the job?
Until the end of September 2004 Performative is
offering, to qualifying companies, a complimentary sales
skills test for one individual in your organisation.
The Sales Skills Test has been validated by thousands of
sales and marketing professionals. It takes 45-60 minutes to
complete, reviews over 300 individual sales decisions
through 50 questions that are not set in an obvious
sequence, which means the answers cannot be second-
guessed. Through cross matching the responses to the
analysis matrix and the normalised benchmark an accurate
assessment of a person's net knowledge base is achieved.
Ultimately, the test produces a profile of the individual
which will help you to make decisions about their future and
the area of selling where the person is best suited. Interested? Call us on 01494 582
084 or email |
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