It’s really a year of college….

April 13th, 2009
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When you are selling to closely held small or mid-size private companies, even if they are corporations, you need to remember that many of them are really “Mom and Pop” stores - even if they don’t look like it at first.

I mean that they don’t have outside investors, and that they are actually family owned and run.

What’s important about this?

– Expenditures are very personal, unlike in public corporations or companies with outside investors, where the money being spent doesn’t really belong to any single employee

– So, the money you are asking them to invest in your product or service might be seen as….

  • a year at Harvard for their oldest son or daughter
  • a new boat
  • a Mediterranean cruise
  • So it’s important to establish the value of your solution in very concrete terms. You need to be….

  • solving a critical problem
  • establishing that not solving it costs real money either in expenses or lost opportunity
  • and demonstrating that the investment you are asking for pays off in multiples of its cost
  • Without that value, it’s unlikely that you will be successful with these prospects.

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    June 24th, 2008

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    April 4th, 2007

    “So What?”

    February 14th, 2007

    Ready for a Sales Force?

    January 20th, 2007

    Lots of Small Deals

    January 5th, 2007

    Book Reviews

    May 8th, 2006

    Heart Medicine

    April 27th, 2006

    Why this blog started

    April 25th, 2006