c-level selling tips - keep competition out of your key accounts

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Competitors are constantly approaching your top customers and their C-level executive staffs with offers of better, easier, and cheaper. If you're nothing special to the high ranking staff you're vulnerable to replacement. If any of the staff had missed expectations, you'll be talked about negatively and again vulnerable. If you haven't stayed in touch reinforcing your ability to assist with opportunities or mitigate threats in their business or job functions, you're not top of mind when competition promotes how they can be of better service. So if any of the above are in play, then so is your competition.

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Page 1: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

Competitors are constantly approaching your top customers and their C-level executive staffs with offers of better, easier, and cheaper. If you're nothing special to the high ranking staff you're vulnerable to replacement. If any of the staff had missed expectations, you'll be talked about

negatively and again vulnerable. If you haven't stayed in touch reinforcing your ability to assist with opportunities

or mitigate threats in their business or job functions, you're not top of mind when competition promotes how they can be of better service. So if any of the above are in

play, then so is your competition.

Page 2: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

Maybe after a sale you do a "Thank You" thing, i.e. send a note, invite some of the staff to a dinner or a round of golf,

and you feel the relationships are solid professionally. Sales people tend to treat professional relationships the

same as social relationships. They assume two people are close and one would not betray the other.

Page 3: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

Well you're only tight professionally if each of these customer's people sees the benefits professionally

working with you. That is, they see solutions with you, and/or their expectations are being met, and/or you're top

of mind when opportunities or threats emerge. If you're tight socially, you'll be top of mind when it comes to

socializing, but not necessarily when it comes to buying or seeking advice.

Page 4: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

The belief that social relationship will thwart or keep competition from penetrating is the biggest mistake sales people make. However, providing professional benefits as outlined above is guaranteed to stop competition at the front door. The ugliest scenario is when your request for

meetings are ignored while your invitations for social events are accepted.

Page 5: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

So here are some questions to get you thinking about the status of your professional relationships.

Page 6: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

1. Do you follow-up with all decision makers and their staffs to make sure all expectations are being met, and to

solidify that you are something special. Or are you assuming you do a good job, and they feel the same way.

Page 7: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

2. Do you have information share meetings with your customers' profit center leaders and their staffs to share

new technologies and case studies with the intent to inform rather than sell?

Page 8: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

3. Do your meetings and relationships at high levels fade after the sales or the projects end?

Page 9: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

4. Do you monitor successes of old sales and projects and query senior managers to see if their expectations are still

being met?

Page 10: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

5. Have you ever replaced a competitor even if they have good relationships? How did you do it?

Page 11: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

Prepare Yourself

Page 12: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

1. Suppose your best customer said he really likes your competition. What would you do to get the profit center

leader and his staff back on-board with you? a. Now before it happens, set the dates to enact those actions. A

preemptive strike is more useful than a defensive plea. The defense may hold (or not), but the relationship will

take a serious blow.2. How would you penetrate a competitor's customer strongholds?a. Now based on these

actions, what defenses would you put in play to prevent competitors penetrating your customers.

Page 13: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

Tak'n It to the Streets

Page 14: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

1. For your biggest customer what are the interests and issues of each executive? It's got to come from the horses'

mouths. So start interviewing each on a 30-90 day rotation. Realize issues/expectations are different change -

some slowly and some often.2. Subscribe to "News Release" a service on the internet. It's free and will keep

you abreast of what's going on with your customers' companies.3. Find experts to bring to the next meetings

who will provide information your customer's senior staff will appreciate? Be sure to investigate what will be appreciated.4. Pick professional venues that will be

interesting?

Page 15: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

And now I invite you to learn more.

Page 16: C-Level Selling Tips - Keep Competition Out of Your Key Accounts

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