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Account Development Articles

Act First: The Key to Account Management

Via A Sales Guy on August 14, 2012 No Responses

Stay proactive to stay ahead of all your clients’ qualms. If you’re only reacting, you’re setting yourself up to fail in account management.

photo by: rightee
Account Development, Customer Development, Sales

Put a Freeze on Traditional Cold-Calling

Via Customer Collective on April 16, 2012 No Responses

Treating your initial sales prospecting as nothing more than cold-calling is a counter-productive approach that is setting yourself up for failure.

photo by: Bex.Walton
Account Development, Customer Development, Sales

How to Avoid the Deadly Sins of Key Account Management

By Contributing Author April 10, 2012 No Responses

Thou shall not jump into key account management either too early or too late, lest you waste both time and money or risk a competitor squeezing you out.

Image provided by: michaelmacklive

When is the optimal time to implement a key account program? As John Staples notes in a recent post for Sales Benchmark Index’s Sales Force Effectiveness Blog, while there may be no blanket answer, if you can avoid certain errors you’ll be much more likely to stay on the path to key account enlightenment.

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Account Development

How to Move Sales Forward with a Customer Who Is Slow to Buy

Via Eyes on Sales on March 23, 2012 No Responses

Salespeople’s natural response to a customer who’s slow to buy is frustration. But there is often a better, proactive approach.

Image provided by: Tyler Howarth

In a recent post for Eyes on Sales, sales expert Kim Duke cites her nieces as the inspiration for her write-up on slow-buying customers. When Duke is slow to do anything, her nieces call her out on it. Don’t you wish you could do the same with your customers? Unfortunately, that won’t get you very far. There are alternatives, however. The reasons customers can be slow to buy are innumerable. You…

Account Development, Customer Development, Customer Launch/Success

Growing Meaningful Business Relationships

Via Mashable on March 21, 2012 No Responses

Creating and maintaining meaningful business relationships requires people to venture beyond basic online interactions.

Image provided by: Amy.Ng

You need to understand that online networking is usually not going to be enough to cultivate the vital relationships a company needs to sustain its growth. While your involvement on Facebook, Twitter, etc., is worth the investment, you need to look offline for additional opportunities. And in order to forge meaningful relationships — whether offline or on — Mashable contributor David Nour writes that you must stand out above the noise. Introductions are vital in this process. During that…

Account Development, Customer Development

5 Tips to Help Make Sales Force Automation Work for You

By Ori Yankelev March 16, 2012 No Responses

OpenView’s Ori Yankelev describes five fundamental steps you should take to get the most out of your sales force automation tools.

Account Development, Customer Development

5 Things Customer-Obsessed Companies Instinctively Do

Via Inc on March 14, 2012 No Responses

Customer-focused companies will stop at nothing to please their customers.

Image provided by: Sharon Drummond

Amy Buckner Chowdhry, chief executive and co-founder of AnswerLab, looks at what this entails in a follow-up to a previous article for Inc. Her original post had five things customer-obsessed companies did. Sticking with that formula, the author continues with five additional practices. Here are some examples: Companies that highly value customers will get feedback in unconventional ways. Whereas the typical company will simply ask customers directly, inventive companies will find out better ways to ask that same question. And they will…

Account Development, Customer Development

Turning a Selfish Organization into a Customer-Loving One

Via The Customer Collective on March 12, 2012 No Responses

Your customers want to feel loved.

Image provided by: gordon2208

Most companies realize this. Some care, others don’t. Guess which of these companies is likely to survive over the long-term. Alienating customers is not a lucrative decision. Creating a company that values its customers above all else simply requires a wholly dedicated team, from top to bottom. Dr. John R. Miller, principal at Pretium Solutions, explains how this is accomplished in a recent post on the subject. Exceptional customer support has to rank high at your company before you can expect results, writes Dr. Miller. Your front-line employees must…

Account Development, Customer Development

Keys to Customer Retention in the Face of Falling Prices

Via Eye on Sales on March 9, 2012 No Responses

Image Credit: v99nn

In a post for Eyes on Sales, Colleen Francis examines what you can do to close an existing customer when your competition keeps lowering their price. Focus on testimonials. “Clients tend to believe other clients more than they believe you,” she writes. “So find customers who already switched for a lower price and then came back to you because their experience with the competitor was less than satisfying.” Francis says you should be collecting testimonials from every client you do business with regardless of how well your business is currently doing. Learn…

Account Development, Customer Development

Power Up Your Presentation With These Tips

Via Eyes on Sales on March 9, 2012 No Responses

 

Image Credit: o5com

In a post for Eyes on Sales, Kevin Eikenberry outlines several uncommon approaches you can use for better presentations. More visuals, less words. Eikenberry says many PowerPoint presentations have too many words, and suggests replacing the words on your slides with images; but pictures hat help tell your story. More emotion, less logic. “Give your audience the facts they need, but don’t overload them,” he writes. It’s also important, he says, to speak to the emotional part of people as well. More stories, less “facts”. Eikenberry suggests creating stories around your…

Account Development, Customer Development

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