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If you want to grow a professional services business, once you get past your comfortable circle of family, friends, and referrals from clients, you eventually must start selling. More precisely you must begin cultivating new relationships with strangers. Unfortunately, for most professionals this triggers a whole host of nagging questions such as; what do I say? What do I do? What do I not say and do? Since the entire experience is so much more nerve-racking and different from merely talking to our inner circle of acquaintances, mistakes are often made that sabotage far too many new relationships and cripple many of our business development efforts. So what's a person to do? What are the obvious (and not so obvious) mistakes to avoid? In our recent research on how purchasers of professional services actually decided to choose their service providers (How Clients Buy: The Benchmark Report on Professional Services Marketing and Selling from the Client Perspective), we asked exactly that, "what problems have you experienced during the sales process." And then we asked, "If the service provider were to improve on those problems, how much more likely would you be to choose that service provider?" When the votes were tallied up, and all the many possible mistakes - from poor presentation skills to no personal chemistry - were recorded, four problems stood out in both frequency with which they occurred and in how much of a difference any improvement would make. They were, in order of frequency (with verbatims from some of the purchasers): During the sales process the service provider: 1. Did not understand my needs. 2. Did not listen to me. 3. Did not convince me of the value I would receive from using his / her services. 4. Did not craft compelling solutions to meet my needs. The chart below gives you a compelling snapshot of the research results. Very simply, not only do many of your competitors (and most likely you) make these mistakes that kill the sale, but if you fixed just these four not so little things listed above, your chances of closing the sale increase dramatically. And since so many of your competitors are making the same mistakes, you can actually start to differentiate yourself as a service provider who listens, understands needs, provides value, and crafts compelling solutions to specific needs in the business development process without a referral, and before they even work with you.
The prospects have spoken. Are you listening? Related Articles:
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