Greetings!
Happy Tuesday! I hope this finds you, your family and your business doing well and prospering.
Speaking of prospering, that is our theme for this week. It's kind of a odd topic given the landscape of the economy, but don't think for a second that this will be anything close to doom and gloom -- now way, not in this newsletter!!
Settle in for a few minutes and let's take a look -- a different look -- at how we can choose to live, work and prosper in this new economy.
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Not Bad, Just Different Prospering in a Different Economy
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Let's get the white elephant out of the room right up
front. Everything we see on the news, read in the papers and hear around the
water cooler is how bad the economy is and how everyone is struggling through a
recession.
However, that
is just not true...at least not for everyone. For every story you hear about XYZ
Company that is struggling or going out of business, I can tell you about ABC
Inc. that is growing, expanding and prospering. Unfortunately, success stories just
aren't sexy. They don't sell papers and they don't boost ratings. But what they
do is motivate and give hope to those of us that are choosing not to
participate in the...a-hem...recession.
Here's the
twist: For many businesses, the economy isn't necessarily "bad." Rather, it's "different!"
Why? Because people and businesses are
now doing business differently, and it didn't just happen overnight. There have
been several events over the past 8-10 years that have caused people to change
their mindset when it comes to how they do business. The recent economy has
just magnified and strengthened this mindset.
Businesses,
big and small, are definitely keeping an eye on their bottom line. However, any
amount of time keeping their eyes on the books is time they are taking their
eyes off their customers which can be very costly. This is where we step in.
(Click here to continue reading this story...)
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Helping YOU! Answering Reader Questions
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Hi Scott,
My husband recently got a promotion to head up a new store that required us to relocate from a big city to a small town. I've always been good working with people and am looking for something in sales. Since I've always lived in bigger, metropolitan-type cities, my question is...What is a good way to get off to a solid start in sales in a small community?
Thanks, Renee
Renee,
I'm assuming you may have a couple of underlying concerns about selling in a small town. 1) Lack of, or not as many contacts to work with as in the "big city" and, 2) making new (sales) friends as the new kid on the block.
The foundation of any sale, or sales person, is the ability to form credible, trusting relationships. This is essential regardless the size of the area in which you live or sell. In a smaller city you have the opportunity to be a big fish in a small pond by immersing yourself into the community. Local Chambers of Commerce and other civic organizations provide excellent avenues to meet new people and make new contacts.
When just getting your start, one of the most valuable tools in your arsenal will be credible testimonials. Try packaging your product with outstanding, memorable service and give it to a few key people in the community. In return, if they agree that what you provide is superior in quality and service compared to what they previously used, that they would provide you with written or video testimonials. You can then use this credible capital to gain the trust and confidence of others that you meet and call on. Above all else, give of yourself without expectation of return and provide value above and beyond anything that town has ever seen.
Go Get 'Em! Scott
Do you have a question, challenge or opportunity that you'd like a little insight on? If so, e-mail it to workinghard@helpingusellu.com.
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Ways For Small Business to Beat Competitors in a Recession By Tom Perrett
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In a recession the small business needs to reassess what the customer wants.
In
the good old days when jobs were plentiful and budget always grew every
small business would know what the customer wanted, that is why the
business was growing nicely year on year. The way to grow was to find
more customers for your service or product. But what happens in a
recession?
Customers cut back their needs, and the competition starts to offer
deals that can hurt your business. You can fight back, you will fight
back. Life is tough but you will persevere. You will do this but there
are other ways of winning new business. Consider another way.
Break down your business into its parts, then try and see all the
alternatives for reconstruction. This is an exercise best done on paper
with a colleague or two. List all the attributes of the business and
the staff on the left hand-side, then try and see what happens if you
try and rebuild the business from the skills base upwards. Will you
still be the same business or are there other opportunities that thus
far you have never seriously considered? Let me give you a simple
example.
My window cleaner has a van with its own water container built in.
He has ladders, and he is a general handyman at home. So if we forget
he is a window cleaner he could be someone who mends roofs and windows.
He is mobile and has a supply of water that could clean my car or clean
my soffits (for which a ladder could be very useful). He also has the
added advantage that he already has lots of trusted customers so when
he sees an opportunity while cleaning windows he is first in line to
put the roof tile back in place or clean the algae off my patio.
I had not consider having the algae cleaned off my patio, but now I
look at it and think how bad it looks I ask how much, consider if I
could do it myself, think not because I do not possess a high pressure
sprayer like him and the next thing I know I have a spotless patio
awaiting the first day of summer and firing up the barbeque.
A lot of small businesses have skills and expertise that are not
utilised 100% of the time. By setting time aside for a reconstruction
exercise the small business manager gets to see all the potential in
front of them on paper. From this you can develop a plan of attack. No
longer are you fighting the competitors toe to toe, you are fighting
with an advantage that secures your customers and wins over new ones.
This technique is very effective with small businesses. The speed
at which new services or products can be brought to market by smaller
enterprises means that by the time the competitors have twigged that
you have got ahead it will be too late for them to stop you. Another
point to note is that the number of ideas generated normally far
outweighs the ones that get used. The remainder can be parked and
reviewed when time allows.
This reconstruction exercise always seems to throw out at least one
really wacky idea that is so different that it deserved to be revisited
with a view of taking the business in a completely new direction. Two
hours, a pen and a sheet of paper is all you need to start.
Author
- Tom Perrett works as a pay-as-you-go marketing manager specialising
in helping small and start-up businesses live up to their potential. http://www.the-old-fox.co.uk
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Wrapping Up
I hope you were able to pick up a few good nuggets of information to use to elevate your value to your customers and ultimately increase your prosperity. I look forward to being with you again next week. In the meantime, if you have a burning question, shoot me an e-mail and I'll shoot you a reply.
Helping You Sell You, Scott Gillespie
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Copyright (C) 2009 Selling U, LLC - All rights reserved.
Would you like to reproduce this document? Please call us at 989.546.7355 for written permission by Scott Gillespie before doing so. However, go ahead and forward this to as many people as you want!
Selling U, LLC ~ 9825 E. Broomfield Rd. ~ Mt. Pleasant, MI 48858
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Contact Information
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Call us any time at 989.546.7355
 workinghard@helpingusellu.com
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Quote of the Week
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"If you think you're too small to have an impact, try going to
bed with a mosquito in the room."
~ Dame Anita Roddick
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