Business to Business Marketing:
Making Sales His Number-One Priority
A lot has been written in recent
years about business to business
marketing, or B2B. But this approach is not
automatically a magic bullet for success. After we have taken a look at the
strength and profitability of your market spaces, we can develop detailed customer
profiles and segmentation models. Even if your primary business marketing model
is one based on a business to business strategy, there is still a lot of work
to be done in order to narrow and refine your marketing strategy to be certain
that it is targeting the most receptive and most profitable of all your market
segment options. Our team will have you in
the right place at the right time with the right product. That is what we do.
For more information or to Register for a seminar, class, or
training workshop Click here
After selling his first company,
this entrepreneur founded his next company based on what business owners need
most: sales help.
As a business owner, the one thing
you can never have enough of is sales. Sales generate revenue, and revenue drives
everything else your business does. You can be a terrific manager, with the
ability to cut costs a thousand different ways, but if there's no money coming
in at the top of the income statement, there isn't much to manage.
Virtually all successful entrepreneurs
are terrific salespeople. Whatever else they may be doing to build their businesses,
products and services, they're constantly selling them--to customers, to suppliers,
to employees. If you don't know how to sell, you must learn, or you will fail.
One person who has learned the value
of proactive selling in a 24/7 world is serial entrepreneur and former "dotcommer"
Bradley Fisher, the founder of 10X Partners, a sales management consulting firm
based in Old Greenwich, Connecticut.
Fisher's inspiration in forming 10X
Partners came from his prior experience as CEO of Tailwind.com, an Internet
"portal" site for entrepreneurs and small-business owners. Fisher's
goal with Tailwind was to provide a virtual corporate headquarters for a growing
business--every support department a big corporation had, from operations and
information technology, to legal and human resources. Says Fisher, "The
idea was that a business owner could walk down a virtual hallway on our Web
site and get all the information, resources, products and services they needed,
all provided by our sponsors, in-house experts and alliance partners, with a
click of their mouse."
After a few years running the site,
however, Fisher realized the small-business community was looking for something
other than a virtual corporate headquarters: Of the thousands of companies that
visited or became members of the Tailwind network, Fisher recounts, "The
vast majority were only interested in ways of increasing their sales. They didn't
give a hoot about legal, or HR, or technology, or any of our other departments."
Fisher sold Tailwind.com in early
2001. The company had been hit by the dotcom hammer, so the sale was not a happy
event; the venture capital investors got every penny, which left Brad and his
family in a precarious financial position. Fisher remembered, though, what his
former Tailwind customers really wanted--more sales--and that observation, plus
his own assessment that "the one thing I am absolutely good at is selling"
led to the successful creation of 10X Partners.
10X Partners helps growing companies
create a "sales engine" that takes the burden of selling away from
the top executives and replaces it with a process that can be easily managed
on a day-to-day basis. When a business first starts up, Fisher points out, the
founder or CEO is the head, or only, salesperson. As the company grows, the
CEO hires outside sales reps, and eventually an in-house sales manager or two,
but the founder/CEO continues selling, often out of fear that delegating this
critical function to others would make the company less effective.
"Today, in most growing companies,
the CEO is like a hamster on a wheel," according to Fisher. "As long
as the CEO is running full blast, there's plenty of business. But the first
time the CEO gets sick, or wants to take a rest, or wants to spend some time
building another part of the business, the hamster wheel grinds to a halt and
so does the sales operation."
10X Partners is a virtual network
of sales professionals, each of whom is a CEO with a successful business that
focuses on one singular aspect of the sales process--recruiting sales personnel,
executive coaching, sales training, Web site development, direct marketing,
e-marketing, marketing research and sales strategy. This flexibility enables
10X Partners to put together a virtual team that's customized to a customer's
specific needs. "Our target client is a company with at least a couple
of million dollars in revenue, with a CEO, some sales reps and perhaps an in-house
sales manager already in place," says Fisher. After only two years in business,
10X Partners' client list ranges from high technology and telecommunications
services companies to not-for-profit organizations such as the Great Books Foundation
in Chicago.
Despite the collapse of his dotcom
dreams, Fisher is still a man with a mission. Fisher believes that salespeople
have gotten a bad rap over the years. "When people think of a salesperson,
they often think of someone unethical and sleazy," says Fisher, "and
that's really unfair. Good salespeople aren't just 'pushers' of inventory--they
help customers solve their problems." Fisher's ultimate goal in 10X Partners
is to create a network of CEOs and sales managers who "believe in selling
with integrity, and can help redefine sales as the profession it deserves to
be."
Sales
Training Quote
"We listened to what our customers wanted and acted on what they said.
Good things happen when you pay attention."
John F. Smith
Suggested Reading:
Business to Business Marketing:
Analysis and Practice in a Dynamic Environment
by Rob Vitale, Joe Giglierano
Business To Business Direct
Marketing
by Robert W. Bly
The Fundamentals of Business-to-Business
Sales & Marketing
by John Coe
Big Business Marketing For Small
Business Budgets
by Jeanette Maw McMurtry
Small Business Marketing for Dummies
by Barbara Findlay Schenck (Author), Linda English (Contributor)
This Business of Music Marketing and Promotion, Revised and Updated Edition
by Tad Lathrop
AMA Handbook For Managing Business
To Business Marketing Communications
by J. Nicholas DeBonis
Marketing Myths That Are Killing
Business: The Cure for Death Wish Marketing
by Kevin J. Clancy
The Fundamentals of Business-to-Business
Sales & Marketing
by John Coe
Business
Marketing: Connecting Strategy,
Relationships, and Learning
by F. Robert Dwyer