How To Decrease Profits Without Really TryingWritten by Kennedy Rahaman
How To Decrease Profits Without Really Trying © by Kennedy C. Rahaman, President, Bluefin Management ConsultingHurting your sales efforts can be accomplished easily with proper guidance. The following effective yet simple ideas are designed to generate results when implemented into your sales strategy. •Don’t listen to what your clients are saying. You are expert and prospects should be happy that you have been able to set aside some time for them. Spend your time talking more than asking questions and listening. Try to not answer as many of their questions and concerns as possible, this turns focus away from you and on to customer. Above all keep talking up features of what you are offering as one of them may somewhat meet client’s needs. •Don’t target your customers effectively Selling is a game of numbers although some odds may be higher than others. To that end remember each lead is as good as another. Dealing only with qualified and interested prospects increases sales, revenue, and profit ratios but cuts down on prospecting time, prospecting of course being name of game. Kudos to whoever realized that prospecting should be 75%-80% of your career and actually selling should be 20%-25%. This may seem backwards and counterproductive if you really examine this formula but founder of this principle is a genius I am sure. •Work towards improving your situation and not client’s Listen, you wouldn’t be in business if clients didn’t exchange their money for your services. Knowing that, make as much money as you can from client in as short a time as possible. Sell them, and then sell them some more regardless of its usefulness to client. Don’t be concerned with future relationship or business. We can almost guarantee that you will not see this customer in long term so no time like present. If their checking account can handle it then have them buy it. It’s about you not them. •Focus on how great you are and not how you can improve clients situation in some way. Unleash a barrage of information on prospect regarding your awards, world class customer service, cutting edge this and that, and every other self determined worthwhile achievement that you can think of. If prospect tries to interrupt with anything resembling a “what’s in it for me” attitude pour on some more. They have not been sufficiently impressed by you and are still concerned with what they want, use, and can afford. Sooner or later they will realize that it is all about you and will send you on your way. CONGRATULATIONS!! There is another inflow of revenue lost. You are well on your way. •Force referrals from clients at inappropriate times Ask for referrals before client is comfortable with you or what you offer. If they seem reluctant make them feel guilty. Not only are you sure to not receive any referrals then but you will probably not get them at all. •Think of all customer interactions as battles The more you think of clients as adversaries and less as collaborators better chance you have of losing them. One simple exercise is to firmly believe that it is impossible for you and client to get what both of you want. One of you has to lose in order for other to win. Organizations that employ this method are realizing substantial revenue loss and client defection daily. •Make it hard for customers to do business with you This by far is best, most easily implemented, and widely used method for sales, revenue, and profit degeneration. As this method can take many different routes to end result you may have already implemented some portions without realizing it. Are any of these already hard at work undermining your organization?
| | The Executive Resume - Moving Beyond AccomplishmentsWritten by Linda Matias
There is a major difference between conventional resumes and executive resumes. Accomplishments are usually center point of a conventional resume (i.e., indicating how much money was saved, how sales increased, what processes were proposed, planned, initiated, implemented, or streamlined). The executive resume, on other hand, has more than one focus. It alludes to executive's ability to drive profits (accomplishments) and capacity to lead (that is, to blend various "soft" skills) an organization.Successes are easier to hone in on. The result is clear, often quantifiable. After all, either you penetrated a market or you didn't, or either you were a top-performer or you weren't. It is harder to capture emotional competencies on paper, to indicate who you are, what you stand for, how you relate to others, how you affect change within an organization. On an executive resume, a list of Accomplishments does not suffice. Employers expect more, and since your resume is an introduction to your full qualifications, you must incorporate what you have done as well as provide a notion of how you influence others. This information must be presented in a concise and compelling manner given that your resume is your most important marketing tool. Moving beyond accomplishments Coupled with a track record of financial success, good leadership is single most important factor in survival of an organization. Because of this, executives who point out following "soft" needed skills on their resume are usually ones invited to an interview. They show that they have intangible qualities that promote growth of organization. These are elements in question:
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