Posts Tagged business development
The Consulting Sale: Five Winning Elements
Posted by scottvandam in Marketing on May 3, 2011
A silver bullet does not exist in the consulting sale. Selling consulting services is unique and remarkably different than selling a tangible product. Products can be physicially held and touched. Quality and value can be assessed by mere observation and touch. Consulting services are intangible and inherently more complex. The dynamic of winning a sale require proving trust and demonstrating a high degree of business process competency. In this post I’ve outlined five elements that I leverage to assess when approaching a consulting opportunity:
1. Tell a compelling story – paint a vivid picture of what your customer will achieve and articulate how they will get there but. Focus on what you will do to help achieve that vision.
2. Develop trust - Prove to the client you are an expert in your field, be honest and dependable. Always ensure your interests in the client are genuine and real.
3. Create a business case for change - use the story you developed to demonstrate why they need to change today by leveraging stories, testimonials and data.
4. Look for opportunities to leverage value – Listening to your customers needs is critical. Ask well thought out questions that speak to business problems and the potential implications those problems can have on both a micro and macro level.
5. Look for every opportunity to help mitigate your clients risk – Put yourself in your clients shoes and think through all the area’s of concern they may have. Consider talent, finanancial, operational risks.
This is a very highlevel list and I am sure we can collectively create a much larger list of potential elements that contribute to a winning consulting relationship with your customer. What elements do you consider when developing your sales strategy and approach?
Six Lessons Learned Developing a Consulting Practice
Posted by scottvandam in Marketing on April 30, 2011
Four years ago I changed careers. I assumed a leadership position in a new industry that I had limited experience in. My objective was to build and grow a software consulting practice. The role was a challenge and I intentionally decided to take it head on. Here is a brief list of my teams proudest accomplishments:
- Expanding the practice internationally
- Securing public sector accounts
- Establishing a growing Oracle Practice
- Built an industry brand via delivery of valuable niche products and services.
In the last four years I’ve experienced many challenges, obstacles and success. My purpose with this post is identify six key lesson’s I’ve learned developing a scalable consulting practice from a business development perspective:
It’s all about the People! Selling technology and large software projects is complex. Inevitably you will run into conflict and politics both within your internal sales pursuit team and from the client side. Acknowledging that people have unique perspectives, insights, ego’s and agendas is a must. In a software project, rarely is the technology the problem when things go awry, it’s the people that you have to develop, manage and lead. The consulting sale is never a one man show, but rather a collection of experts that come together in a team that attempts to deliver a solution that will add value to your customers business. Don’t underestimate the value of alignment, communication and relationships.
Your product or service must serve a niche: Trying to be all things to all people generally means you end up with nothing. Every one of your customers has unique needs and there is never a one size fits all approach. Gaining efficiencies in the way you sell and deliver your services will only occur if you sell to a niche. Clearly define one product or service followed by clearly defining your demographic or niche. Next, create marketing material that addresses common inefficiencies you uncovered during your research and develop a list of comprehensive sales questions that speaks to your target demographic.
Don’t sell everything to your customer: One of my Account Executives reminded me this week me that going into an account and selling your customer with every single service you offer is like coming to a meeting with a “machine gun and blasting them away with products and services hoping to get a successful hit” The machine gun strategy is ineffective because you can’t possibly be an expert at everything, your customer won’t take you seriously. Put aside the machine gun and use a sniper rifle instead. Carefully do your research, assess your clients environment and position a service that meets your clients unique needs by asking lots of questions. Flush out where the issues are and use your sniper rifle to put a bullet in the specific problems your customers face.
Align your business around one common theme. At Waggware we tried selling our customers anything we had a hint of competency at. We tried to sell everything! Whether it was Customer systems, Operational solutions, Outage systems or Generic IT staffing services we tried selling it. This lack of focus was ineffective and our customers didn’t take us seriously. After a painful assessment of our our strengths and weaknesses, an evaluation of our competition we made the decision to stay close to systems that touched the customer of a Utility company. We rallyed around the theme of “Equipping Utiliities, Empowering Consumers”. As a result of our efforts we continue to get inquiries from Utilities across North America for information and are business is growing at a very rapid pace.
Network Network Network! Networking takes time, takes effort and you will not realize the benefits immediately. Plan to network and you will reap fruits from the networking seeds you sow today. I`ve developed a plan and a strategy that involves meeting and connecting with as many industry and technology professionals as I can. I do this both in my own industry (Utilities) and in my own local community. From an industry perspective I try to attend all the big conferences and participate in the social media forums. Even though Waggware generally doesn`t do business in it`s own local comunity I make a committment to stay involved. By way of local networking I stay on top of local talent, identify potential alliance partnerships and gain advice from professionals that are in similar non-competing industries.
Don’t be afraid to make mistakes: Failure is painful yet it is often the catalyst for generating great ideas. I’ve heard someone say that “If your not making mistakes, your not trying anything new and your probably not creating great ideas or products.” I agree with that statement. I’ve made my share of mistakes but these failures have made me a stronger person, executive and leader. The important point here is to fail fast, recognize that you’ve made a mistake and change course.
Developing a consulting practice is hard and challenging work. You will face tension, fear, dissappointment, politics and frustration. Take up an attitude of faith rather than fear. Faith in others is the number one factor in developing a scalable consulting practice. When you trust in others abilities great things happen and great things only happen when ordinary people come together as a team and do extra-ordinary things. It’s never a one man show.

