Five Major Sales Leaks That Could Be Affecting Your Company

My wife Anne gets after me because I’m not always careful enough with my spare change and bills, and they often fall out of my pocket. This often occurs in her car, and many a shopping excursion has been thus funded. She says I “leak money” (and does her best to restrict my access to the same).

Some of our customers leak sales rather than money, and this was brought home to me when I recently had a conversation with a good customer who had started using our Quosal Order Porter Mobile for the iPad application. He said he was doing three times as many quotes as he previously had been. Naturally, I think that’s great – but I realized, as he did, that he’d been missing out on two thirds of his sales opportunities before – he was leaking sales by writing them down on yellow sticky notes, or business cards, or just trying to commit to memory a customer’s request for a new product, or his own on-site observations of a customer’s needs. Now, he takes out his iPad and delivers the quote on-the-spot.

There are many ways to leak sales, and all of us do, sometimes on a daily basis. It’s a very costly habit. Here are a few ways that I see sales dribbling away for businesses of all types, but particularly our information technology audience. Continue reading »


 

Have you had the experience of believing the lyrics of a favorite old song go one way, but then finding out years (or decades) later that they go another? Most of us probably have. When this happens to me, I get a little flush of embarrassment and practically look around waiting for the lyrics police.

One of my favorite songs is “White Rabbit” by Jefferson Airplane. I was recently grieved to find that the lines

Remember what the dormouse said
Feed your head
Feed your head…

Are in reality

KEEP your head
KEEP your head

For any Lewis Carroll fans, this of course makes total sense in the context of the Alice in Wonderland tale, with the Red Queen after everyone’s head.

This revelation was a double-ding for me, because not only did I have it wrong but I thought that “Feed your Head” was brilliant. I interpreted it as what Steven Covey calls “Sharpening the Saw” – feed your head with new ideas, new skills, new training. Continue reading »


 

At Quosal, our team’s e-commerce experience goes back a long time, into the depths of the pre- “dot-bomb” years when e-tail was growing at a remarkable rate, and state-of-the-art online technology was brought to bear on e-commerce solutions of the type that we implemented for many well-known retailers. The burgeoning online technologies were becoming available at just the right time to provide excellent online solutions for our brick-and-mortar retail customers, and companies like Amazon.com were lighting the way for purely online play.

Fast forward some 10+ years, and lately we’ve seen some noise around e-commerce (again) for the IT market, as if it were something new that the market has just now discovered.

In our quote-and-proposal-automation line of work, we have occasion to talk with many information technology providers who have e-commerce offerings through one of many current providers, such as ChannelOnline, VARStreet or any number of equivalent systems. Our conversation is often in the context of looking for alternatives to those systems for their core need of product quoting, but the inevitable question is, “Do you provide an electronic storefront?” In this context, I always query, “How many orders have you taken from your storefront in the past few months?” The inevitable answer: “Few to none.”

So, is traditional e-commerce something today’s IT provider and/or MSP really needs? In a word, the answer is “No.” In two words, the answer is “Hell no.”

But do those same companies need to offer the convenience of online shopping, option selection and order execution? The equally strident answer is “Absolutely yes!”

E-commerce is the opposite of what today’s IT provider is about, which is expertise, understanding of needs, and total care based on specific knowledge of the customer. Sending a customer to an online store throws a lot of that out the window. The message to the customer is, “You don’t need me, just go find it yourself!” Once you’ve given that message to your customer, they’re half a step away from a much larger, more powerful online provider.

To be at all personalized, an e-commerce site must be maintained and cultivated by someone who knows what they are doing. Many are the companies I’ve talked with who know they’ve spent more money in labor to maintain their site, catalog and customer-specific features than they’ve brought in via the site.

There are several essential disconnects between a traditional electronic storefront and today’s MSP.

Messaging. Today’s IT provider wants to be the customer’s trusted advisor, someone who is giving sound advice based on their expertise and knowledge of the customer’s specific needs and resources. The messaging of an e-commerce site is the opposite: “You don’t need me, just go shop online.” Or, “Just buy what you’ve bought before, because our e-commerce site shows you your history. No thought required, nothing ever changes.”

These are not the messages of a trusted advisor.

Another important message to your customer is your own image. This is often enhanced when you first set up an e-store and put a lot of thought and resources into the organization, selection and other aspects of the e-store. But inevitably, this effort falls off – because it is often too time-consuming for the return on time. The site degrades, and is no longer a positive reflection of your company. This is a highly common occurrence.

We’ll take care of everything. Except new equipment? Many MSPs are moving into managed contracts, HaaS, and other arrangements that basically give the customer the warm fuzzy blanket of “it’s all included, we’ll take care of everything.” Sending the customer to shop for themselves on your e-store is anything but.

The wrong battlefield. It’s virtually impossible for a small company to compete with the Dell/CDW/Newegg/Apples of the world. Read your Sun Tzu — you’re simply taking the battle to the enemy’s favorable ground. Once you’ve given your customer the blessing to shop online, they’re half a step away from better selection, pricing, marketing and site maintenance.

Today’s Relevant Solution

A much more relevant solution is offered by Quosal and our ground-breaking, market-leading online quote delivery and order execution solution, Order Porter. This is the middle ground, preserving the MSPs position as the trusted advisor, yet providing the convenience of online shopping, option presentation and selection, and order execution and payment.

We at Quosal have simple evidence that this is today’s topical, relevant online solution: We have hundreds of successful MSP and IT providers in the SMB space successfully using Order Porter to capture business every day – yet I have encountered barely a handful successfully employing e-storefront solutions. The simple, immediate and compelling level of success achieved by our customers, as illustrated in this case study, shines far brighter than any success story an IT provider has shared with me about its e-storefront.

Think twice before embarking on the long-term commitment that such a storefront truly represents. A much easier, less expensive, lower maintenance option that is consistent with your client messaging is readily at hand!

Kent McNall

Kent McNall
President and CEO
Quosal LLC


 

I had a great conversation with a business owner this week that reminded me how quickly a small shift in thinking can positively change your business.

Both this fine gentleman and his industry shall remain unnamed. He related that he’s been in his industry for over 30 years, and has seen many changes, in good times and bad. One thing that has always been a difficulty, he said, was the lack of good software to automate the business processes for product- and service-providers like himself — including quoting, which is how he found us.

“I realized something,” he said. “We’re not an information technology company, but for all practical purposes, we are. We provide the same kinds of products, the same kinds of installation and maintenance services, and have the same kind of service dispatch.

“I’ve been focused on trying to find software specific to my industry,” he said, “But I’ve just realized the software for the IT industry is a perfect fit for us.”

In coming to this realization, his outlook on a previously stressful topic — automating his business process — has completely turned around. What’s more, he’s eager and excited at the possibility that the paradigms of another industry are so like his own, that the systems created over the years for that industry will be a great fit, too. His enthusiasm was infectious.

There are many business problems large and small that can be resolved with that shift in thinking, that triangulation and a fresh approach. There’s no guarantee that there won’t be a “gotcha” in this gentleman’s plan and his business, but I hope it works out perfectly for him.

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