TargetA new line of business is usually a major investment of time and money – time in training, certification, and business process engineering as your company prepares to implement and support customers and a new product or service.

While sales training is also a part of this investment, there’s a significant component of a new business line that is often overlooked or “under”-looked: the ability to easily and naturally quote the new products and services.

To be blunt, I’ve seen many new lines of business fail before they get started simply because the sales team can’t propose it to their customers.

It’s natural enough to try to quote a new business line using your existing spreadsheets or word templates, and such is often the case. This results in a manual, half-baked, ill-understood proposal process that is first and foremost difficult – and that spells disaster for your new business line.

Do yourself and your business a big favor: Don’t just do a good job of setting up your proposals for that new business line: HIT IT OUT OF THE PARK. Go overboard. Make absolutely sure that your sales team can quote those new products and services while falling out of bed.

A few of the things that you should attend to:

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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 »


 

Quosal was formed on a foundation of beliefs that I had about the way business quotes are put together – a way that is sometimes not only not conducive to landing the deal, but can sometimes be counter to that purpose.

I believed then, and still believe today, that business quoting practices rarely put our best foot forward on a really basic professional level. Quotes and proposals are often shabbily prepared, not delivered on time, contain inaccuracies, are difficult to understand for the customer – you get the picture.

When we actively opened our offices and started Quosal rolling, I decided to use our own business startup as something of a research project. I set forth a few basic rules about our own procurement of anything bigger than a pen: that we would seek out at least 3 quotes for what we were purchasing, and that we’d track several “quote-based” metrics on each quote we were provided, such as:

  • Was the quote provided on time (we sought a time commitment from each vendor)
  • What was the format of the quote – hand-written? Verbal? Paper? PDF?
  • Did the quote contain inaccuracies? Math errors? Grammatical errors?
  • Did the quote accurately reflect what we’d asked for? Did it fill the need?

…and so on. Continue reading »


 

One aspect of our business here at Quosal that has been very gratifying is the high adoption rate of our solution. In this case “adoption rate” refers to the percentage of customers who implement, use, and receive the benefit of Quosal soon after they purchase it.

Having been in the enterprise software solution business for some time, I’ve certainly seen the opposite — companies that make a significant investment in software (and other infrastructure) that don’t actually implement the solution or are “turned back from the gates” of implementation. In some cases, writing the check for the software/services was the first, last and only action item taken toward implementation! In other cases, a sincere effort is made, but the company loses steam and the initiative falters.

The desire for change of business process is almost always sincere and founded in real need. How can a business “punch through the target” to ensure that ROI is received from such an investment?

Change is an act of management will. In a small business, management and ownership are generally synonymous. The mandate for change must always start at the top, just as the authorization for the investment usually does. Without this mandate and the driving desire for business process change, it often does not happen – especially if multiple departments are affected by the change.
Beyond this, there are practical “drivers” that will help ensure that change will occur in a beneficial, building manner.

Big Wins: The carrot of a significant win in the process can help pull change-averse staff and organizations through an implementation. Such wins come in many forms. I’ve seen what looks like surprisingly small “wins” from the outside drive huge changes.

Ease Their Pain: A corollary of the Big Win — reducing a pain point can help drive change.

Desire to Be the Best: Many organizations are motivated by the simple desire for improvement – taking another step toward excellence.

We Don’t Fail: The corollary to the above, a successful implementation is the obvious alternative to a failed implementation, which is an undesired black eye for many.

Many executives and owners feel that the simple mandate of “it’s your job” will win the day, but looking a little further into the heart of successful change management can smooth the road, and speed the path to ROI.

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