Posts Tagged ‘sales & marketing communications’

My biggest business mistake?

Well, it may not turn out to be my biggest ever in the fullness of time, but it’s certainly the most expensive to date in terms of time invested and lack of earnings. And I see entrepreneurs making their own version of it all the time, day in, day out…

As many of you know, my background is in sales & marketing communications in the broadest sense: telephone sales and face to face sales, sales training, market and marketing research, brand, product and service positioning and development, and so on.

As my story unfolds some of you will undoubtedly ask yourselves “Why didn’t she see that coming?” The short answer is that, left to our own devices and sometimes the input of well meaning but usually insufficiently qualified friends and loved ones (that’s if we even listen to anyone), our perspective is that we’re too close to see the wood for the trees and will not allow us to do what an eagle does: constantly switch from the panoramic ‘big picture’, zoom in to the detail and back again.

The Big Idea

What do most individuals do when they cut loose from corporate land and set up their own stall as a brand new entrepreneur? They do what they enjoy, they’re good at and what comes easily to them: their own Big Idea.

But, I reasoned, very few if any would have acquired the skills of the composite sales & marketing background that I had. So, unless they’d been planning and transitioning gradually from employment into doing their own thing – whether that’s setting themselves up in a job where they are the boss or starting a business that they intend to grow, franchise and/ or sell – this is where the cracks often start appearing: They’re open for business but where are the customers who should be beating down the door to get at them and their fabulous offerings?

Now I don’t claim to know loads about how to build a business into an empire – the idea had never occurred to me – but I do know that I’m very good at helping others get the clarity and necessary skills to communicate the value and uniqueness of what they have to offer, and build their own businesses, so what better than to create a course dedicated to that? One that would:

  • Teach them skills that would easily enable them to win business that would recoup their investment many times over in double quick time
  • That they could fit their learning in and around their business
  • That enabled pinpoint their specific needs
  • That allowed them to design their unique route through the course with their own coach/ trainer
  • That provided exercises that let them safely test out their new learnings…
  • And worksheets to complete that enabled me to measure their understanding and use of their new learnings

I even began to think that maybe I could could grow this into a business that could be franchised at some point… oh, heady stuff, indeed! 😉

A little aside

It’s not long ago, only beginning of the noughties, that the Internet was young, as was online social and business networking. The creation, hosting and optimization of websites was in the hands of a select few self styled experts – the first release of WordPress was not until May 2003… It happened to be in this era that I created the course so you could argue that the need was greater then for interactive sales & marketing communication skills because there were fewer affordable routes to market for start ups and small businesses. Yet to offset that, I’d venture that the economy was more buoyant and there wasn’t a trend of corporates ousting employees wholesale, effectively to make their own way any way they could…

Back to the main plot…

So I had a tremendous time designing the course: By the time it emerged many months later onto the unsuspecting world it was indeed my beloved, treasured, beautiful, clever baby.

What I discovered then was that I could find very few business owners who would commit themselves to doing the course. Did they not trust the course and me to deliver? Did they not trust themselves to step up?

I was chatting to a member of a business brainstorming group I ran and it was the first time he really understood the scope of what the course covered and helped businesses to achieve. His comments were along the lines of:

“Brilliant concept. Fantastic service. Utterly wrong market. They’ll never appreciate its true value or pay you what it’s worth.”

I was flattened

In hindsight he was absolute right, of course. For ages I went around muttering and bewailing the fact that most owners of small businesses – the very ones who most needed the help I was offering them – would rather complain about the ‘sad state of things’ (i.e. not enough profitable customers) than do something to alter that state.

So what could I do?

Two things.

The first was to take the sales skills parts of the course – telephone and face to face – and target owners of businesses that had a dedicated (or even semi dedicated) sales person or persons who were under performing. I found that they would pay the money for the employee to go through the training and learning far more happily than if they themselves had to do the work.

The second, and this came later, was to fully take on board the realization that you can’t sell what you think people need – especially when that seems to them to be so huge it’s everything strong>including the kitchen sink.

I just counted the Modules in the original business owners course – 29 of them (15 on soft skills training and 14 on sales training)! :-(

Understandably, people will only intend to buy what they believe is necessary to get the desired solution. I’ve discovered that can be either a bit more than they think or a lot less! So it took a while we now have a range of solution based offerings as opposed to “look-what-I-know-and-can-help-you-learn” process-based offerings…

To paraphrase something I heard recently:

“Concentrate on the destination not the method of transport”

What clangers of your own would you be prepared to share?

Linda


+44 (0)20 7209 1284

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"I was very impressed by Linda's determination to help and the constructive, but persistent, manner in which she identified issues and then tried to resolve them. After recent progress I was again reaching a stage where I seemed to be spinning my wheels, and she has given me fresh impetus to start moving forward again."

Bay