Edge Out Your Competition With These Strategies
In today's business climate, virtually every company has more competition than they did a few years ago. And many of these competitors are beating at YOUR customers' door in an effort to get their business. Some of these competitors will be more aggressive than you are and will succeed in getting your client's attention. If that happens, there's a good chance you could lose that customer.
However, if you are proactive in differentiating yourself from your competition you may be able to prevent from uprooting you. Your goal is to create or develop a strategic partnership with your customers instead of the typical vendor/supplier relationship. It's not an easy task but it can be done.
Here are several strategies you can implement that will help you block your competition and maintain your foothold.
1. Increase the value you bring to the equation. Every time you see, meet, connect or interact with a customer, make sure you add value to the interaction. This can include industry insights or information to help them achieve their goals and objectives or advising them of new trends in the marketplace. It can mean giving them articles, white papers, journals or other information you come across that may be of value to them.
Of course, the only way you can accomplish this is to learn more about each customer's personal situation. What's important to them and their business? What business challenges are they experiencing? What business goals and objectives do they want to achieve? What career goals are they striving towards?
Invest time learning these details and you can quickly determine what information will be of most benefit to them.
2. Increase face time. You don't need to increase the number of appointments/sales calls you make. Instead, think of networking events, conferences and trade shows your customer's may attend and make arrangements to be there too. The great thing about conferences and networking events is that your customer may have more time to talk. They may be more relaxed. And you may be able to have a conversation with fewer interruptions.
However, don't attend these types of events with the intent of selling. Instead, follow the first suggestion above and think about what you can do to add more value to the interactions with people you connect with.
Also, your time and resources are limited so you need to look at this strategically. What events do your BEST customer's attend? Does it make sense for you to be there? I once attended an industry conference that many key decision-makers I wanted to meet attended. I made contact with one person and that connection generated a high-five figure sale.
3. Increase touch points. Many of your customers will accept more contact from you, so increase the number of times they receive contact from you. This can include; email, telephone, face-to-face meetings, direct mail, fax, email, etc. Once again, the key is to provide some type of value in each of these contacts. Here are a few suggestions.
You can send articles, handwritten postcards or cards with an interesting business idea. Leave a brief voice mail with an idea to help them improve their business. Send a fax with 10 tips. You can do the same with email-although I suggest that you limit email correspondence for this because it can easily get lost in the noise (the average executive receives approximately 150 emails a day).
Although these strategies sound simple, the execution requires planning and forethought. You need to carve out time in your schedule and target your campaign to EACH customer. However, the investment will pay off when your competitors finally connect with your key contact and they hear something like, "We love our vendor and have no desire to consider a change."
By the way, you can also use these ideas to edge out a competitor from a company that you would like to add to your roster. Plan your strategy. Be diligent. Be persistent. Be patient. And your competitor may end up hearing, "We've decided to try someone else."
For another resource on successful selling, click here.
- Five Ways of Being Earnest: How to Win Your Prospects' Respect
- Is Your Sales Technique in Auto-Pilot Mode?
- Who do you think you're fooling? 7 Lies Salespeople Tell Themselves
- How to Master the Art of Follow-Up and Increase Sales
- Sales Career: Fourteen Things You Should Never Stop Doing
- You Might Be A Sales Zombie If.....
- Effective Prospecting Can Make the Difference Between Average Sales and Great Sales Results!
- Master A Sales Meeting In 30 Minutes
- Eleven Rules for Effective Power Point Presentations
- Maximize the Power of Networking: Ten Blunders to Avoid
- Increase the Effectiveness of Your Webinar: Eleven Mistakes to Avoid
- Is Your Competitor's Grass Greener? What Are You Neglecting?
- Fifteen Hiring Mistakes for Sales Manager to Avoid
- How to Schedule a Follow Up Call
- Fatal Negotiation Mistakes You Don't Want to Make
- 9 Reasons Why Prospects Don't Respond
- What Separates Top Sales Performers from the Rest of the Pack?
- How to Handle the Dreaded Price Objection
- Five Sales Lessons Learned from a Recession
- How to Achieve Your Sales in 2010
- Why Your March Sales SuckYour
- Why Sales People Hate Cold Calling
- Sales Lessons Learned from a Raccoon
- If At First You Don't Succeed
- Pick at the Scab
- Stay in the Game
- How much does it cost? - A Dreaded Question In Sales
- How to Lose Your Prospect's Attention in 5 Seconds or Less
- Are You A Communist Salesperson?
- The Rules of Selling
- Presenting - Making Your Case
- Selling In a Tough Economy
- Face The Dragon - Dealing With Decision Makers
- What Customers Hate About Salespeople
- Win the Battle, Lose the War
- Handling The Cold Potato
- Keeping the Sale After the Close
- Think Before You Speak
- The Trust Factor
- Are Routines Holding You Back?
- Take Out The Trash
- Winning Proposals
- Difficult Buyers: How to Sell to Anyone
- Don't Bring a Knife to a Gun Fight
- Attack Yourself
- Confirming Sales Appointments: Are You Asking For The Cancellation?
- What Not To Do On a Cold Call eMail
- I Just Called to See How Things are Going
- 5 Closing Questions You Must Be Asking
- Use the News: How to Create New Opportunities Fast
- 5 Secrets to Effective Email
- The 5 Best Openings
- 5 Ways To Keep Your Prospect Talking
- Protect Your Time
- Yes You Can!
- Secrets Buried In a Sales Person's Resume
- Define What You Want And Write It Down
- 10 Rules for Pricing Confidence


