Layout Image
    • Home
    • Find a Consultant
    • Consulting Programs
    • Blog
    • Become a Consultant
    • Strategic Partner
    • Conviértase en consultor

Archive for Uncategorized

5 Secrets to Customer Loyalty & Repeat Business

By Stand Out Results · Comments (0)
Monday, May 20th, 2013

 The secret to customer loyalty and repeat business is exceptionally high customer experience.  That’s it.  I know, you’re thinking you can stop reading now.  You’ve been told this millions of times.  You already offer good customer service.  But do you?  Do you really know what outstanding customer experience looks, or more importantly, feels like?  An experience is the internal feelings that brings your customers joy to work with and purchase from you.  It’s the perception they have of your company.  And no matter what you think you’re doing for your clients, if they don’t  perceive it, it doesn’t exist.

No matter what you think you’re doing for your clients, if they don’t perceive an exceptional customer experience, it doesn’t exist.

Examples of Exceptional Customer Experience

  1. Make your clients feel special on their own terms - A National Speaker blogged recently about the hotel he stays at during training seminars.  They greet him, by name, from the valet to the front desk.  In addition, they have a bottle of scotch waiting for him in his room.  Creature comforts when you’re away from home is always appreciated and remembered.  Give your employees the empowerment to be flexible with your procedures.
  2. Acknowledge your clients, each and every time - While on a long weekend Birthday getaway at a regional spa, my husband and I were treated as the only guests in the place (believe me we weren’t!).  At every interaction with staff; front desk, massage therapists, wait staff, etc., we were greeted by name, “Mr. & Mrs. James, how is your stay?”, “Mr & Mrs. James, how was your massage?”, “Mr. & Mrs. James, I noticed at dinner last night you preferred a later reservation, would you like me to take care of making another at that time for tonight?”, “Mr. & Mrs. James, what else can I do to make your stay more enjoyable?”, etc.
  3. Anticipate your customers’ needs - At the same spa the wait staff remembered us from day to day and the front desk offered to make reservations for us without us initiating the process.  At a local diner where I attend a weekly networking meeting, the waitress knows everyone’s drink order and brings it around without having to ask.  These little unexpected things are what set them apart from their competitors.
  4. Be flexible with your processes - Being flexible to the point that doesn’t completely alter your processes will gain your business added respect and loyalty among your clients.  A customer wants their dessert before the main meal?  Sure! What’s the harm?  A client wants to pay upfront rather than your usual fee schedule – why not?  Creating that cultural mindset within your business will allow your employees the empowerment to make the judgement calls that will provide the highest satisfaction among your customers.
  5. Walk in your customer’s shoes - Create a process that if so many people are cued in a line, automatically open a new register – no one likes to wait.  Make your website and phone process easy to navigate for your client.  It may be more convenient for you to have 20 prompts before a live individual comes on the line but a prospect or client will be in a much better mood if they can reach the person or department they need less time.  And happy people buy more than angry, frustrated people.

When talking about differentiating and creating the core essence of a company, it’s the little things that you may not even know you’re doing that makes the difference between a one-time customer and a life-time loyal one that will pay a premium for your services, refer you often and only use you for their needs.

Want to learn more about creating an exceptional customer experience that builds loyalty and repeat business?  Download our FREE ebook, How to Build a Remarkable Business by Focusing on the Total Customer Experience.  Can’t wait and want to talk to someone now?  Email, Vicki@Stand-Out-Results.com, or call us, 585.67BRAND.  We’re here to assist you any way you need to create the customer experience processes that will set you apart from your competition and allow you to maximize your profits.

Stand Out Results

About Vicki James

Stand Out Results collaborates with their clients in the small to medium size professional industries to stand out from their competition by creating strategic, systemize marketing processes for more qualified lead generation resulting in higher sales and profits. Vicki M James, Growth and Accountability Partner at Stand Out Results, is an expert in internal and external branding, strategic marketing and customer experience. Working for local and national companies ranging from family owned to corporations for over twenty years she has developed an unique collaborative consulting style guiding her clients through a cohesive marketing system that results in clear messages and higher sales. When she's not sharing her knowledge about marketing, Vicki is sharing her passion of being socially conscious serving on the YWCA Empowering Women Luncheon Committee and the Rochester Women's Network (RWN) Executive Board where she represents the Marketing Committee as the VP and Chair.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • More Posts (13)
Comments (0)
Categories : Uncategorized
Tags : business, core differentiation, customer experience, customer loyalty, customer service, Marketing, repeat business, Small Business Marketing, Stand Out Results

Gilles Fontaine

By editor · Comments (0)
Wednesday, January 30th, 2013

Qannik Management Solutions Inc.
33 Amberly Blvd
Hamilton, Ontario L9G 3R9
Canada
289-768-0354
gilles@qannik.ca
http://qannik.ca
 
We dedicated to helping small businesses owners grow and improve their lives. As Authorized Duct Tape Marketing Consultants we work collaboratively with business owners to design and install a step by step marketing system so that marketing and sales happen by design, not accident. We help people stop wasting money on marketing that doesn’t work.

Visit Gilles’ web site…

 

 

 


About Sara Jantsch

  • Mail
  • |
  • More Posts (2)
Comments (0)
Categories : Uncategorized

Unaligned Expectations Impact Repeat and Referral Business

By Stand Out Results · Comments (1)
Wednesday, December 5th, 2012

To build your business with the least amount of time, effort and money; repeat and referral business is an important aspect of your marketing plan.  However, when expectations of customers and vendors negatively aligned, the client experience is deeply impacted.  If the experience you provide for your customers isn’t exactly what they perceived was to happen, you’ve affected your ability to have repeat business and the opportunity for referrals.  So, how can you ensure that you are delivering in the exact way that your client expects?

  1. Ask for anticipated expectations - You know what you feel are the expectations for the project but it’s really about what the customer feels.  Ask them to list their anticipated expectations for the projects so that both parties are on the same page.
  2. Review expectations before starting – When signing on the dotted line, commit in writing what you plan on providing for your client.  Review this list with your client and make sure they understands exactly what it means.
  3. Check in – Once the work has started, check in with your client to make sure that they perceive you to be on track and within their expectations on how the work would be completed.
  4. Post Mortem – At the end of the project, inquire from your customers if they believe everything you discussed at the beginning of the project was completed and in the manner expected.  If not, ask them to expand on the disconnect and review to make sure you didn’t miss something or if the expectation wasn’t really discussed.  This can be a tricky part.  If you truly feel the customer is now asking for something that wasn’t reviewed at the beginning; have an open and honest conversation about it.  Request that they share with you how that expectation fit within the ones identified.  Upon review of the conversation  if you can see how the expectation could be misconstrued; then relent and provide the service.  If the additional service is too costly, talk with your client about splitting the costs with the reasons why.  If the expectation is completely out of the realm of the project scope and not cost effective to complete anyway; discuss this with your client and offer to create an addendum to the engagement, again detailing all the expectations from both sides.

By continually reviewing client expectations at the beginning, end and throughout the project; you significantly reduce surprised perceived differences and increase the customer experience.  When a client knows and trusts that you will be checking in with them during the entire engagement, you immediately give them the opportunity to relax and enjoy the process.  And as you know, once the client enjoys the process, the work becomes easier for you, repeat business is automatic and they’ll be raving about your business to their friends and business colleagues.

Stand Out Results

About Vicki James

Stand Out Results collaborates with their clients in the small to medium size professional industries to stand out from their competition by creating strategic, systemize marketing processes for more qualified lead generation resulting in higher sales and profits. Vicki M James, Growth and Accountability Partner at Stand Out Results, is an expert in internal and external branding, strategic marketing and customer experience. Working for local and national companies ranging from family owned to corporations for over twenty years she has developed an unique collaborative consulting style guiding her clients through a cohesive marketing system that results in clear messages and higher sales. When she's not sharing her knowledge about marketing, Vicki is sharing her passion of being socially conscious serving on the YWCA Empowering Women Luncheon Committee and the Rochester Women's Network (RWN) Executive Board where she represents the Marketing Committee as the VP and Chair.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • More Posts (13)
Comments (1)
Categories : Marketing Strategy, Referral Marketing, Sales, Uncategorized
Tags : business, client, companies, company, contract, customer, duct tape, engagement, entrepreneur, expectation, expectations, experience, growth, indifference, Marketing, organization, perceived, perception, project, refer, referral, repeat, scope, scope creep, service, Stand Out Results, Vicki James, Vicki M James

How Does Your World See Your Business?

By Joe Costantino · Comments (0)
Friday, November 2nd, 2012

How is your business perceived in the marketplace? Do you even know? You need to care!

If you’re having trouble getting your prospects and customers to understand what makes you valuable, unique and the best choice among your competitors, then you may be having trouble getting your Inside Realty to match your Outside Perception.

It doesn’t matter what business you’re in, there are two parts to your business . . . the Inside Realty and the Outside Perception. The Inside Realty is all the the important things you do to bring value to the marketplace. Your Inside Realty is based on your products or services, your quality, your people, your systems, etc. A great Inside Reality can be developed by anticipating customer wants and needs and developing your business to meet them.

Your Outside Perception, on the other hand, is the way your business is viewed by your prospects and customers. Your Outside Perception is formed by your marketing communications which includes your ads, website, articles, blog posts, etc.

Here’s the problem; in most businesses, the Inside Realty doesn’t match the Outside Perception . . . . there’s a gap and this is a significant problem for the business owner. Why? Because, unless your marketing communications are clearly educating your prospects and customers about what makes you different, special, unique and the company that can solve your customer’s challenges, then you and your business will get lumped in the sea of sameness or the company that is just like all other companies that do what you do. And this is a bad position to be in.

Why does this happen? It is the result of not effectively communicating who you are or your company does and then powerfully making the case as to what makes you valuable, unique and able to solve the problems your ideal target market experiences better than anyone else in your industry. So let me explain this a bit further.

So, how can you make sure your Inside Realty matches your Outside Perception? By developing great content that educates (not sells) your customers about the important things they need to know about your particular industry and including this content in all your marketing communications. The next step is to demonstrate through the results you have achieved for your clients how your company does the the very things that are most important when choosing a provider of your type of business. This is called education-based marketing. I will explore education-based marketing in my next post, but the key with this approach is to replace sales-driven messages with messages that capture your target market earlier in the sales process and position the business owner as the expert for their particular industry.

To your marketing success,

Joe

Joe Costantino

About Joe Costantino

Joe Costantino is the founder of Business Marketing Success, Inc. and is President and Managing Partner of Duct Tape Marketing Coaching, LLC. Joe Costantino help coaches, consultants, and independent business professionals turn their professional expertise into money, magnificence and meaning. He does this by packaging their expertise, properly positioning them in the marketplace and utilizing the best tools to attract more qualified leads and turning those leads into paying clients.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • More Posts (11)
Comments (0)
Categories : Lead Generation, Uncategorized
Tags : business owner, independent professional, inside reality, message, outside perception, strategy

3 Ways to Nurture Relationships with your Customers

By Ann Gusiff · Comments (0)
Friday, October 26th, 2012

The relationships that a company has with its clients are could be considered its most important asset. Think about it for a minute. If your best customers left and you had to replace them, what would that do to your bottom line? You might still have a solid product or service, but if you had to sell to new customers each time, your marketing costs would skyrocket and your business could fail.

I know, that’s the extreme. Now think about the value you’d see of retaining your clients and actually getting the benefit of word of mouth and referrals. Did you know that it costs 6 -7 times more to obtain a new client than to retain an existing client? If you take the time and effort to nurture those relationships, you’ll see the pay-off.

Here are 3 things to do to improve your business’ relationships today.

1) CONNECT – Make contact with your customers. In talking to business owners I frequently hear that they don’t have a plan to keep in contact with their customers. Some will have a quarterly review or send a holiday card, but so many are missing the opportunity to nurture those relationships through regular communications. So, pick up the phone and call some of your top clients. Focus on those you haven’t heard from in a few months. It’s amazing what connecting can do to getting more business.

2) GET SERIOUS WITH A CRM – Many small businesses don’t have a Customer Relationship Management system. In the past few years cloud-based CRMs have become widely available and affordable. They’re simple to set up and can track all the communications you have with a person or company, along with lots of other features that manage those relationships during and after the sales cycle. Consider AddressTwo or Batchbook.

3) INFORM – Once you connect, you have the chance to educate. These days, we talk about education as the key to bringing in business without really selling. In many cases a business will take on clients and provide them with a specialized service to meet their needs. While they consider you an expert in that area, they may not even know about the other services your company provides. Share that information so that they know to come to you to meet those needs.

Finally, once you’ve started, be consistent. Email marketing is one of the best ways to nurture relationships with customers and prospects. We believe that marketing is about education, and that’s what regular email communications do.

Ann Gusiff

About Ann Gusiff

Ann is an Authorized Duct Tape Marketing Consultant based in the San Francisco Bay Area. She's dedicated to her clients' success in mastering their own marketing and is a firm believer in the Duct Tape Marketing principle of "Strategy before tactics". She is also a Constant Contact Authorized Local Expert and is an active speaker. Ann is the founder of Clothes The Deal, a Los Angeles based 501(c)3 nonprofit that provides interview clothing to needy job seekers. She earned an MBA from UCLA Anderson. A little-known fact is that Ann speaks Mandarin Chinese and studied at Beijing University.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • Google+
  • |
  • More Posts (3)
Comments (0)
Categories : Lead Conversion, Sales, Uncategorized
Tags : client relations, clients, credibility, CRM, customers, email marketing, newsletters, nurturing, prospects, referrals, relationships, trust

Jeff Stec

By editor · Comments (0)
Tuesday, October 23rd, 2012

Tylerica Systems, LLC
10601 FM 2222 Suite R #154
Austin, TX 78730
512-522-8750
jstec@TylericaSystems.com
http://www.TylericaSystems.com
 
Tylerica Systems is a Marketing Consulting firm based in Austin, TX. We help small business owners accelerate their growth and profitability by using an interactive approach to design and install a 7 step marketing system that they can operate on their own or in partnership with us.

We have experience with leveraging technology to enable marketing systems and implement specific tactics and, most importantly, we have small business ownership experience outside of our Consulting practice.

Unlike firms who employ consultants who are predominantly “book smart”, or who have made the jump directly from large corporation consulting to small business consulting, we have the experience to truly relate to small business clients at their level. We have struggled to generate leads to fill the sales pipeline. We have experienced the frustration of marketing that doesn’t work. We have developed content to take our website beyond simply being a “brochure” site, and we have adapted to the rise of social media as an important part of marketing our business. We have learned how to overcome these challenges and are ready to put that combination of experiences and skills to work for our clients.

Visit Jeff’s web site…

 

 

 


About Sara Jantsch

  • Mail
  • |
  • More Posts (2)
Comments (0)
Categories : Uncategorized

Want a better price on that classic grand piano? Tell them about uncle Jeb’s dashed piano concerto dreams!

By Kurian Tharakan · Comments (0)
Monday, October 22nd, 2012

a powerful technique for winning, even with low bids

Want to buy a scarce item, like that one of a kind dream home, vintage car, or a classic grand piano?  Well then there’s good news.  You can successfully win against higher bidders for the item by including non-price attributes in your conversations with the seller!

We have to remind ourselves that it’s not all about price!  Non-price attributes like location, delivery, brand, and service can all differentiate the core product sufficiently to allow sellers to charge higher prices.  The good news is that non-price attributes can also work for buyers of scarce items.

In a series of studies done by Aaron R. Brough and Mathew S. Isaac of the Kellogg School of Management at Northwestern University, the research team was able to prove that sellers really do pay attention to factors beyond price paid when considering WHO to sell a scarce item to.

One of the key reasons for this is a concept called the endowment effect.  Earlier behavioral economics studies proved that people who possess an item, even for a short period of time, value that item more so than a similar item owned by someone else.  This endowment effect transforms our decision making from a purely rational process, to one also involving emotion and sentiment.  Sellers may be especially concerned with how a buyer intends to use the item after its purchase.  This post purchase usage intent may often be the deciding factor as to WHO a seller will sell to.

In the first study, 89 participants were asked to consider 11 pairs of offers for a grand piano.  In each case, they had to choose one of the offers based on a combination of offered price and buyer usage intent.  Proper usage intent was defined as the buyer intended to play the piano.  Improper usage was defined as the buyer intended to solely use the piano to decorate the home.

Here’s a copy of a table from the study (highlighting is mine):

As you can see, a significant number of participants continued to want to sell the piano to the “proper usage” buyer, even when they were offering a lower price!  On average, participants were willing to forego $680 to ensure that the piano would go to someone who would actually play it.

In another scenario, the item being sold was a rare hand made doll that was in perfect condition, and just recently returned from an art museum where it was on display.  The three types of buyer intents offered for the doll included:

  • purchased for display in an art gallery (proper usage)
  • purchased for the buyer’s daughters to play with (improper usage)
  • purchase intent unknown

Once again, the sellers were most likely to offer the doll at a discount to the proper usage category. Other scenarios involving a diamond engagement ring, and real life used car sellers on an auto sale website also confirmed the researchers’ hypothesis.

What’s the marketing lesson?

Price is just one of the factors a buyer or seller considers.  Non-price attributes have a powerful ability to sway the decision in and out of your favor.  If you can create an emotional connection and alignment of interests with your negotiation partner, this may be all the edge that you need.

Kurian Tharakan

About Kurian Tharakan

I help companies grow sales and build markets by implementing Duct Tape Marketing's 7 Core Principles into a customized sales and marketing system. Visit me at StrategyPeak.com to find out more.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • LinkedIn
  • |
  • More Posts (38)
Comments (0)
Categories : Uncategorized

5 Reasons You Need a Referral Marketing Strategy

By Ann Gusiff · Comments (0)
Wednesday, October 10th, 2012

Referral marketing is a specific set of strategies designed to bring a business owner new clients, qualified leads and repeat business without the help of other advertising. My consulting practice, like many small businesses got its first clients through referrals. But the real power of referrals comes through a planned referral strategy that yields regular referrals over time, not just to get a business going.

Here’s why you can’t ignore the value of a referral marketing strategy:

  1. Credibility and trust –When a prospect receives a referral to someone who can provide what they need, there’s a level of trust associated with it due to the relationship of the person making the referral. That shortens the sales cycle.
  2. Better prospects – When you educate your referral partners about what makes a good referral, you can narrow your focus so that it benefits everyone. Getting specific with what you’re looking for makes it easier for someone to spot a perfect referral. For example, a chiropractor who is looking for people suffering from migraines is more likely to receive qualified referrals than by simply telling people that he is looking for people in pain. Of course, the best referrals are those made when someone believes they can help someone else. The more they know about what you do, the better. It’s a win-win situation, and the person making the connection feels like they’ve won too.
  3. Know your Timing Triggers – Timing triggers are those things that make people start looking for a product or service. For example, the trigger for an insurance agent would be when a student turns 16 and his parents need to buy insurance. Using this information to plan your messaging and the timing of your marketing will yield better results.
  4. Get intentional and seek referrals – Towards the beginning of an engagement mention to your client that you’ll be asking them for a referral down the road. Then, when they’re seeing some real benefits from working with you, ask for the referral. While they’re in this honeymoon stage, giving a referral will be easy. Furthermore, when you put trust in them to help find qualified referrals for you, they’re more likely to listen and learn more about what you’re looking for and to become a more loyal fan of your business.
  5. Follow-up – Routines make the difficult things simpler. Put in place a routine to follow-up with both prospects and referral sources. For prospects, have some regular steps that you use to keep in contact with prospects. For referral sources, be sure to keep them in the loop on what’s going on in your business and to acknowledge them for bringing clients to you. Something as simple as sending a thank you card goes a long way to make them feel appreciated.

So, what’s your referral strategy? Do you actively work with referral partners who are educated about your product or service? Spend some time to figure out where you’ve got some holes and then make the effort to plug the gaps. You’ll reap the dividends for years to come.

For more on this topic, read John Jantsch’s The Referral Engine.

Ann Gusiff

About Ann Gusiff

Ann is an Authorized Duct Tape Marketing Consultant based in the San Francisco Bay Area. She's dedicated to her clients' success in mastering their own marketing and is a firm believer in the Duct Tape Marketing principle of "Strategy before tactics". She is also a Constant Contact Authorized Local Expert and is an active speaker. Ann is the founder of Clothes The Deal, a Los Angeles based 501(c)3 nonprofit that provides interview clothing to needy job seekers. She earned an MBA from UCLA Anderson. A little-known fact is that Ann speaks Mandarin Chinese and studied at Beijing University.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • Google+
  • |
  • More Posts (3)
Comments (0)
Categories : Lead Conversion, Lead Generation, Referral Marketing, Uncategorized
Tags : business development strategy, credibility, duct tape marketing, lead generation, Marketing, marketing strategy, referrals, strategy

How Retailers Take Advantage of their Customer’s Poor Math Skills

By Kurian Tharakan · Comments (0)
Monday, September 17th, 2012

In a recently published paper in the Journal of Marketing, a team of researchers led by Akshay Rao from the University of Minnesota found that a significant number of customers preferred getting a bonus quantity of a product than a discount on its price, even though the actual value received was slightly better with the discount. The culprit? The customer’s poor math skills, specifically as it relates to Base Value Neglect.

For example, if a customer wants to purchase 3 tubes of toothpaste that are being offered as a promotion, the retailer may offer it as either:

  1. Buy 2 tubes of toothpaste, and get one free. (a bonus of 50% more); or
  2. Buy 3 tubes of toothpaste, and receive 33% of the total price

In both cases the customer receives 3 tubes of toothpaste, but most customers will perceive offer a) as more valuable because of the higher percentage number WHILE IGNORING the fact that the two calculations are using different base values (2 vs. 3) Using this knowledge, the researchers were able to sell 73% MORE hand lotion by positioning it as a BONUS, rather than the alternative offer of a discount.

The researchers conducted several additional experiments, and came to the following overall observations. Bonuses had a strong, but not universal, preference. Depending on the frequency of purchase, familiarity with the product, or high vs. low price points, different customers will have different inclinations as to whether they are more motivated by a discount or an economically equivalent bonus. Beyond this, the “cognitive complexity of computation” often befuddles customers to the point where a majority prefer the double price discount of “25% off plus an additional 20% off” over the economically equivalent single discount of 40% off.

The lesson for marketers? Experiment with different bonus and discount promotion tactics. What may be mathematically equivalent could actually lead to you selling 73% more.

photo credit: www.flickr.com, najeebkhan2009

Kurian Tharakan

About Kurian Tharakan

I help companies grow sales and build markets by implementing Duct Tape Marketing's 7 Core Principles into a customized sales and marketing system. Visit me at StrategyPeak.com to find out more.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • LinkedIn
  • |
  • More Posts (38)
Comments (0)
Categories : Lead Generation, Marketing Strategy, Uncategorized

3 Questions For Determining If A Referral Prospect Is A Good “Fit” For Your Business

By davidcsmith · Comments (0)
Friday, September 14th, 2012

Growth in sales and increasing profits are essential elements for creating a sellable business. Referrals can be a tremendous source of new business, offering a means to grow your customer base with less cost and time.  Prospects sent to your business by customers and partners deserve a heightened level of attention, as the trust these referral sources have extended is precious.  If you have implemented your referral marketing system correctly your referral sources are sending you prospects that understand the value of your business and are towards the middle of the Marketing Hourglass™.  By extension, they know, like and trust you due to their relationship with the source and now they’ve been referred to your business to solve a problem, deliver a service or resolve an issue.  That doesn’t mean it’s a slam-dunk, touch-them-all, dance in the end-zone situation. You still have to determine if there’s a “fit” with the prospect.  (My fellow sports fans will appreciate that I managed to get a hat trick of sports references in the sentence above!)

Prospects sent to your business by customers and partners deserve a heightened level of attention.

Fit, that sense of being aligned, valued, and connected, is something that only you and the prospect can determine.  Here are 3 points that will help you think about and achieve the right fit with your prospect.

1.    Are you and the prospect aligned?  What I’m referring to here is the pursuit of solving the right problem or providing the right solution.  Understanding the prospects needs, requirements and expectations will help ensure you are the right business for the situation.  An honest assessment of your business focus and capability against the needs of the prospect will help you ensure you are the right solution.

2.    Does the prospect value your product or solution? Understanding what and why the prospect values your solution will also help you determine fit.  Appreciation of the factors that make your business unique and distinct are often the most important components of the business relationship.  If you value “A” and the prospect appreciates “B” doesn’t mean it won’t work – but knowledge of this difference from the start may help you determine if you are a good “fit”.

3.    Do you have a connection with the prospect?  Connection is also thought of as chemistry and is that “certain” feeling you have when you meet someone that has shared experiences, contacts and community.   People sometimes say they “hit it off” meaning that they achieved this sense of emotional connection with the other person.

These three points, while not an exclusive list, provide a basis for ensuring you and your prospect are a good fit.   Ignore the “fit” and you risk a situation where you may not serve a customer well, have not honored your referral source, and may lead to a compromise on your business focus.

How does your business determine if a referred prospect is a good fit? 

image credit: jscreationzs

davidcsmith

About David C. Smith

David C. Smith is a Managing Partner at Valens Point, a specialized consulting firm that helps small business owners increase the value and ‘sellability’ of their company. David comes from a long line of entrepreneurs having been involved with various family small businesses and working with small business owners. He has experienced first hand the strains of expanding a small business while continually delivering optimal customer and financial results. David helps small businesses implement sales and marketing systems using the proven principles of the Duct Tape Marketing. David attended Faulkner University in Montgomery, AL earning a degree in Business Administration. He resides in Boise, ID.

  • Mail
  • |
  • Web
  • |
  • Twitter
  • |
  • Facebook
  • |
  • LinkedIn
  • |
  • More Posts (7)
Comments (0)
Categories : Uncategorized
Tags : duct tape marketing, Marketing, Marketing Hourglass, marketing strategy, referrals
Next Page »

Authors

  • AJ Perisho (3)
  • Ann Gusiff (3)
  • Bill Brelsford
  • Bill Doerr (8)
  • Blake Miller
  • Brad Tornberg (1)
  • Casey Stillman
  • Cidnee Stephen (12)
  • Dan Kraus (2)
  • David C. Smith (7)
  • David DeVelder (1)
  • Dawn Westerberg (6)
  • Debbie Dechambeau (2)
  • Debra Mendes
  • deEFzkryrci
  • Fouppypew
  • Gilles
  • Jeff Stec
  • Joe Costantino (11)
  • Kelly Weppler (8)
  • Kurian Tharakan (38)
  • Laura Lorenz
  • Laura Lorenz (1)
  • Matt Murren
  • Nicole Croizier (2)
  • Nicole Croizier (1)
  • paioyanyanf
  • Patrick Giammarco (5)
  • Paul Davis
  • Phil Lauterjung (1)
  • Randy Aimone
  • Randy Vaughn (7)
  • Rosie Taylor (7)
  • Salomon Wancier (1)
  • Sara Jantsch (2)
  • SaraJantsch
  • ThrashAdelaida213
  • UIbA92moDr
  • Varju Luceno (2)
  • Vicki James (13)

Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
Duct Tape Marketing Consultant
1800 Central Street, Ste 203
Kansas City, MO 64108
866-DUC-TAPE (382-8273)
Copyright © 2013 All Rights Reserved
iThemes Builder by iThemes
Powered by WordPress