Archive for February, 2010

Getting your head around the Sales Presentation…

Monday, February 22nd, 2010

If you’re about to embark on writing a sales presentation, take the time to consider what it took to get you to this stage.

  • Look at the product or service you’re selling and the staff and money involved making sure that it’s market leading.
  • Look at your marketing team and the money spent on your website, PR, advertising, direct marketing and collateral.
  • Look at the people involved and the money spent on salaries, recruitment, equipment, bonuses and training.

Think about the amount of time, money and effort that has gone into getting this far – added up, it’s a huge investment!

Panic - isolated

Now think about how much you normally spend on your presentation.

More often than not the difference is staggering  – in a recent survey by our chums at Eyeful Presentations, 72% of respondents had no formal process for updating their presentations.   

Let’s just take a moment to ponder that - 72% were effectively spending little or nothing on the key final stage in the sales process.

Our recommendation is both simple and common sense:

Step 1 
 
Quite simply, know what you want. Before you put pen to paper or finger to keyboard you need to understand what your goal at the end of the presentation really is.  This goal must drive your actions…and you must always keep it in mind.

Step 2
 
Coming back to our original point, you must invest in your presentations to get the most out of them. Understand there are two fundamental things key to every sales presentation:

  1. A quality presenter
  2. A quality presentation

To get the most out of a sales presentation, you need to invest in both!

As with all investments you must look forward to realise their value.

If you find yourself a week away from a big presentation its probably too late to make the investment and derive the real benefits. By creating a 12 month plan for both your presentations and your presenters you can invest well and see the benefits when it really counts.

Now you understand your key objective and have invested well, you are ready to start developing the presentation in earnest.  Oh, and don’t be a stranger – give us a buzz if you’d like to chat through your presentation…we’re here to help…

To bid or not to bid

Wednesday, February 3rd, 2010

What’s the first thing you do when you get a request for proposal (RFP)? For a lot of people it is to manically start pulling information and people together in an attempt to get a head start on writing what will become a serious tome of work.

Trust us – this not the right first step.

The first thing anyone should do with an RFP is decide whether they should respond, or not.

Tender documentI know the idea of turning down work is an anathema to most people and the optimist in all of us always thinks no matter how small there’s always a chance we might get the work…but nowadays your time is too valuable to waste large chunks of it.

Evaluating RFPs well could actually be a way of freeing up some time and of making sure you give the right amount of time and effort to the ones you do reply to.  This gives you more chance of winning the business you already have a shout of getting.

So how do you decide what RFP is worth the time?

Well, it’s obviously not an easy decision and a lot of is has got to be down to your own gut feeling. I know this isn’t scientific but trusting your own instinct is important.

To give that instinct a bit of honing one useful exercise is to revisit some old RFPs that you’ve both won and lost. Try and see if there are any patterns in both the Winner and Loser pile and understand where you maybe bidding for work that isn’t right or doesn’t fit your offering. By now, you should be getting a feel for what type of RFP is a good one for you.

Once you’ve done this there are really 3 headline areas to look at with each bid

1)   Is it a done deal? 

Some RFPs are sent out to tick a box to say a certain number of people bid for the work – and this quite often happens after the potential client has engaged their preferred supplier (you may even have been that preferred supplier!).

Sniffing these out is very, very useful as typically you are on a hiding to nothing.

2)   Is it what you do?Tender document2

Take a long hard look and see if it really is what you offer that this customer is looking for?

If you don’t think you’re quite the right type of supplier then that’s a big step towards the customer thinking the same. Even if you did win it could mean some big issues when it comes to delivery…

3)   Show me the money

Is all the effort of bidding and then doing the work worth the money you will get in the end? If not, then why spend the time?

So through analysing each bid and then using a dose of your own instinct you can make a decision.

It might not always be the right one but over time you’ll develop it and it will make a big difference to your business.

Saying no to potential new business is not easy but it could just ensure you win the business you should be getting…

Colouring in the picture – Sales Engine partners with Eyeful Presentations

Monday, February 1st, 2010

We’e extremely pleased to announce that Sales Engine have partnered with PowerPoint and Presentation market leaders Eyeful Presentations to expand the breadth and quality of our bid support servicesEyefyl SE graphic

The full press release can be accessed here.

Eyeful are equally excited by the power of this combined offering as demonstrated by this quote from their own blog:

So if you’re faced with the challenge/horror (delete as applicable) of formal tenders and bids and need a steady hand and cool head to support you, Eyeful and Sales Engine are on call.