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Digg it UP - On Entertaining Your Customers
The Almighty Buck o get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players.The almighty buck can actually be detrimental to your business. Think about it, if all you think about is how much you can make, are you really focusing on the other aspects of running a business. For example quality control, safety of your product, etc. If money is your only motivating factor, what corners are you cutting to make the Almighty Buck. If your focus is only on the Almighty Buck are you missing other opportunities, (to make more money), because the only thing you have on your mind is how much you can make. With the Almighty Buck as your only motivating factor you are destined to run into problems with your business. The corners you cut, the opportunities you miss, the people you disappoint, are going to be your downfall. We see and hear about the Almighty Buck more and more every day. We get emails that tout “Get Rich Quick”, “Make thousan I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't War Of the Names How much time should I spend entertaining my customers?Winning battles left and right is as common as breathing for Tom Cruise. This two-time Forbe's world's most powerful celebrity has scored another win on a battle that could have stolen his name. In July 25th, the World Intellectual Property Organization (WIPO) awarded Tom Cruise full custody of the domain name TomCruise.com over the cyber squatter Jeff Burgar.The WIPO said that Burgar blatantly used the website to sell goods that are not in any way connected to Tom Cruise or Tom Cruise merchandises. The site operated by Burgar for ten years now fooled Cruise fanatics by attracting them to enter the site but once they have entered, they will be redirected to a different site.The War of the World's star won the battle on three critical grounds that the WIPO favored at the end. First was the domain name's being perfectly "identical or confusingly similar" to his name. Good question. The world of the field salesperson is changing rapidly these days, and everything is in question. The practice of entertaining customers is one of those issues that needs to be rethought. First, let's consider whether or not you should entertain your customers. In these days of e-commerce and Internet communication, is there a place for this age-old practice? Consider this experience of mine. I had a high-potential account that did not respond to my efforts. Months went by, and I could get nowhere in this huge account. My company owned four season tickets to the University of Michigan football games, and it was my turn to use them. I invited the head of the purchasing department from that account and her spouse to join my wife and I. We spent the afternoon together, first enjoying a traditional tail-gate meal, then a great college football game. Immediately thereafter, however, I began to do business in that account. Business grew continually until it eventually became my largest account. The football game was the turning point in the relationship. It wasn't that I gained "inside" information. We didn't even talk about business. But, my customer came to know me better, and, in so doing, became more comfortable with me as a person. And that made all the difference. That was not the first, nor the last, time for that experience. I regularly treated two of my customers with their spouses to join my wife and I for a dinner at Greek town in Detroit, followed by a Tiger's game. We never talked business, but afterward, business always grew. Again, it wasn't that we exchanged business information, cut deals, or anything of that nature. What did happen, every time, was that my customers came to know me better and differently. We became friends instead of just buyers and sellers. There is an important truth illustrated by these examples. People like to do business with people they know. The better they know you, the more likely it is that they'll do business with you. When they spend time with you out side of the business setting, they come to know you better. It really is that simple. Now, this doesn't mean that you can charge 20% more than your competitors, nor does it mean that you can sell an inferior product, or that your company can get away with second-class service. But, when many of these things are viewed by the customer as about the same as what your competition offers, you are more likely to get to the business if you are the one who has the greater relationship with the customer. The relationship doesn't stand in place of quality, price and service, but it can provide a competitive edge. In my seminars, I liken the role of the relationship in selling to an oil can that is used to lubricate the gears of a sophisticated machine. It is possible to sell without good relationships with your customers; it is just much harder. Building powerful personal relationships with your customers is like oiling the gears. It just makes everything move that much smoother and easier. In this time of high-tech communication, powerful personal relationships provide the high-touch that many people are subconsciously hungering for. Robert Putnam, in his landmark book, Bowling Alone, quoted a study by an MIT researcher that concludes: "Though some unimportant business relationships and casual social relationships will be established and maintained on a purely virtual basis, physical proximity will be needed to cement and reinforce the more important professional and social encounters." Later, more directly to our point, the research concludes: "widespread use of computer-mediated communication will actually require more frequent face-to-face encounters,' and extensive deep, robust, social infrastructure of relationships must exist so that those using the electronic media will truly understand what others are communicating to them." In other words, even in this high-tech world characterized by voice mail, e-commerce and instant messaging, face-to-face relationships are necessary. Is there, then, a place for entertaining your customers in this high tech sales environment? Absolutely! The question becomes not whether or not you ought to, but how to do it in such a way as to gain the greatest benefit. Here are some thoughts on how to entertain effectively. Entertaining strategically Having lunch every Tuesday with your buddy who happens to work for one of your customers is not entertaining strategically. That's a waste of time. Instead, do this. Make a list of all the individuals who could be instrumental in buying your products and services. Rank them in order of importance using criteria like how important they are to the sale, and how much business they control. Then, start at the top and methodically work down through the list. Try to spend social time - not business time - with each. I have found evening or Saturday afternoon events work best. Sports events, concerts, and plays are excellent because they are attractive and appealing to a lot of people. To sit at the 40-yard line of a University of Michigan football game, for example, is probably a once-in-a-lifetime experience for most people. Remember, the purpose is to get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players. I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't South African Mining Companies and Mining Houses are Being Reevaluated a person. And that made all the difference.South Africa holds the world’s largest reserves of gold (35%), platinum group metals (55.7%), manganese ore (80%) chrome ore (68.3%) titanium metals (21%). It also produces a large share of the world’s diamonds and mineral deposits.Lucrative opportunities exist for downstream processing and value adding of iron, carbon steel, stainless steel, aluminium, platinum group metals and gold.Beneficiation of minerals before export is a major growth area. The Department of Minerals and Energy has embarked on a small-scale mining programme aimed at encouraging and facilitating the development of economically viable small-scale mining and mineral-based industries, in line with the government's desire that small miners gain access to mineral rights suited to small mining activity.Relationships between individual mining companies and the controlling mining houses are bei That was not the first, nor the last, time for that experience. I regularly treated two of my customers with their spouses to join my wife and I for a dinner at Greek town in Detroit, followed by a Tiger's game. We never talked business, but afterward, business always grew. Again, it wasn't that we exchanged business information, cut deals, or anything of that nature. What did happen, every time, was that my customers came to know me better and differently. We became friends instead of just buyers and sellers. There is an important truth illustrated by these examples. People like to do business with people they know. The better they know you, the more likely it is that they'll do business with you. When they spend time with you out side of the business setting, they come to know you better. It really is that simple. Now, this doesn't mean that you can charge 20% more than your competitors, nor does it mean that you can sell an inferior product, or that your company can get away with second-class service. But, when many of these things are viewed by the customer as about the same as what your competition offers, you are more likely to get to the business if you are the one who has the greater relationship with the customer. The relationship doesn't stand in place of quality, price and service, but it can provide a competitive edge. In my seminars, I liken the role of the relationship in selling to an oil can that is used to lubricate the gears of a sophisticated machine. It is possible to sell without good relationships with your customers; it is just much harder. Building powerful personal relationships with your customers is like oiling the gears. It just makes everything move that much smoother and easier. In this time of high-tech communication, powerful personal relationships provide the high-touch that many people are subconsciously hungering for. Robert Putnam, in his landmark book, Bowling Alone, quoted a study by an MIT researcher that concludes: "Though some unimportant business relationships and casual social relationships will be established and maintained on a purely virtual basis, physical proximity will be needed to cement and reinforce the more important professional and social encounters." Later, more directly to our point, the research concludes: "widespread use of computer-mediated communication will actually require more frequent face-to-face encounters,' and extensive deep, robust, social infrastructure of relationships must exist so that those using the electronic media will truly understand what others are communicating to them." In other words, even in this high-tech world characterized by voice mail, e-commerce and instant messaging, face-to-face relationships are necessary. Is there, then, a place for entertaining your customers in this high tech sales environment? Absolutely! The question becomes not whether or not you ought to, but how to do it in such a way as to gain the greatest benefit. Here are some thoughts on how to entertain effectively. Entertaining strategically Having lunch every Tuesday with your buddy who happens to work for one of your customers is not entertaining strategically. That's a waste of time. Instead, do this. Make a list of all the individuals who could be instrumental in buying your products and services. Rank them in order of importance using criteria like how important they are to the sale, and how much business they control. Then, start at the top and methodically work down through the list. Try to spend social time - not business time - with each. I have found evening or Saturday afternoon events work best. Sports events, concerts, and plays are excellent because they are attractive and appealing to a lot of people. To sit at the 40-yard line of a University of Michigan football game, for example, is probably a once-in-a-lifetime experience for most people. Remember, the purpose is to get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players. I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't How You Can Make Money Selling Other People's Products Using Amazon, Ebay and Google f quality, price and service, but it can provide a competitive edge.Everyone usually tells you that the best way to make money online is to create your own product and sell it on Ebay....Well....although that is STILL true......there is a much easier and faster way of generating income online WITHOUT creating your own product.Last year I sold a course online online called"How To Get Into The Music Business - Getting Your Music Played on The Radio"It's an actual Kit that I use to sell on Ebay and online....Well guess what my confession is?I did NOT create that course.Last year....I actually bought those DVD's wholesale for about $6.00 per DVD and then added them to my Binder Kit and turned it into a Mini kit where I added about 5 pages of additional information( such as telephone numbers and addresses of contacts)...and sold it for $24.95 each on Ebay and $49.95 online using other peoples websites In my seminars, I liken the role of the relationship in selling to an oil can that is used to lubricate the gears of a sophisticated machine. It is possible to sell without good relationships with your customers; it is just much harder. Building powerful personal relationships with your customers is like oiling the gears. It just makes everything move that much smoother and easier. In this time of high-tech communication, powerful personal relationships provide the high-touch that many people are subconsciously hungering for. Robert Putnam, in his landmark book, Bowling Alone, quoted a study by an MIT researcher that concludes: "Though some unimportant business relationships and casual social relationships will be established and maintained on a purely virtual basis, physical proximity will be needed to cement and reinforce the more important professional and social encounters." Later, more directly to our point, the research concludes: "widespread use of computer-mediated communication will actually require more frequent face-to-face encounters,' and extensive deep, robust, social infrastructure of relationships must exist so that those using the electronic media will truly understand what others are communicating to them." In other words, even in this high-tech world characterized by voice mail, e-commerce and instant messaging, face-to-face relationships are necessary. Is there, then, a place for entertaining your customers in this high tech sales environment? Absolutely! The question becomes not whether or not you ought to, but how to do it in such a way as to gain the greatest benefit. Here are some thoughts on how to entertain effectively. Entertaining strategically Having lunch every Tuesday with your buddy who happens to work for one of your customers is not entertaining strategically. That's a waste of time. Instead, do this. Make a list of all the individuals who could be instrumental in buying your products and services. Rank them in order of importance using criteria like how important they are to the sale, and how much business they control. Then, start at the top and methodically work down through the list. Try to spend social time - not business time - with each. I have found evening or Saturday afternoon events work best. Sports events, concerts, and plays are excellent because they are attractive and appealing to a lot of people. To sit at the 40-yard line of a University of Michigan football game, for example, is probably a once-in-a-lifetime experience for most people. Remember, the purpose is to get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players. I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't Direct Mail Advertising and Thursday Advertising Rush We have all been amazed at the inserts in the Newspaper that arrive on Thursdays from all sorts of retailers, so many pretty and colorful ads. One can only think thank God for recycling and some tree had to give its life for this bizarre American Shopping Marketing Ritual. Indeed we all throw most of this in the trashcans.Some of us will carefully page thru certain ones for perhaps coupons on future purchases. Well now lets consider direct mail advertising and the problems if the direct mailing packages that we business people are advertising in shows up on a coupon collecting Thursday or a business newspaper insert Sunday when the newspapers are also stacked with advertising?If you are use direct marketing as part of your business marketing strategy then you should talk with your advertising representative or account executive to make sure you are satisfied that t In other words, even in this high-tech world characterized by voice mail, e-commerce and instant messaging, face-to-face relationships are necessary. Is there, then, a place for entertaining your customers in this high tech sales environment? Absolutely! The question becomes not whether or not you ought to, but how to do it in such a way as to gain the greatest benefit. Here are some thoughts on how to entertain effectively. Entertaining strategically Having lunch every Tuesday with your buddy who happens to work for one of your customers is not entertaining strategically. That's a waste of time. Instead, do this. Make a list of all the individuals who could be instrumental in buying your products and services. Rank them in order of importance using criteria like how important they are to the sale, and how much business they control. Then, start at the top and methodically work down through the list. Try to spend social time - not business time - with each. I have found evening or Saturday afternoon events work best. Sports events, concerts, and plays are excellent because they are attractive and appealing to a lot of people. To sit at the 40-yard line of a University of Michigan football game, for example, is probably a once-in-a-lifetime experience for most people. Remember, the purpose is to get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players. I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't Managing Poor Performance with Consequences o get to know one another better as people - not as buyer and seller. So, don't talk business unless your customer brings it up. And no sales pitches, please. When you do that, you harden the buyer/seller roles that each of you play. That's exactly the opposite of what you want to have happen. Instead, search for personal common ground - things that you have in common with your customer. You are trying to get to know each other as people, not as role-players.Fred, a manager, needs to teach Grant, his employee, that there would be consequences for poor performance. Let's use a three-month project that Grant had failed to start as an example of how to go back and fix a problem that Fred inadvertently caused.Step One: Delegate clearly. This was the step Fred did do pretty well. He specified the results he was looking for, by when, and what costs.Step Two: Set a benchmark for partial completion. In the future, Fred needs to establish benchmark dates when sequential pieces of the project must be accomplished to insure completion before the drop dead date his management is expecting. He also needs to check for understanding and ask Grant if he needs help.To insure Grant will get the new process, Fred must specify when he wants Grant to get back to him with the first part of th I've found it to always be more effective to invite the customer and his/her spouse or boyfriend /girlfriend to join my wife and me. Having the other two people makes the customer feel more at ease, and increases the likelihood that it will be a pleasant social evening. When you are entertaining, remember that you are host and that you should attend to all the details. That means that you make the dinner reservations, you see to the parking and transportation. If you are at a sporting event, you have cash to pay for beer and hot dogs, etc. Think the evening through in detail, and prepare for all the contingencies. While a beer or two is OK, be careful with your use, and provision, of alcohol. Too much alcohol can leave a literal as well as figurative bad taste in your customer's mouth. Finally, don't allow the evening to go to extremes in any way. Don't be the loudest fan, nor the last to leave. Don't order the most nor the least expensive item on the menu. Be gracious and moderate in everything you do. Strategic entertaining can be one of your most powerful strategies. It is a way to build relationships which provide you with a competitive edge, while, at the same time, meets the customer's preference to do business with people he/she knows.
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