| Answer Upon |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
Answer Upon - Sell the 'Gap'
9 Little Known Facts About Going Public uestions has control.Many entrepreneurs have preconceived notions about taking their company public, most of which are not accurate. Nine little known facts:1. You do not need a brokerage firm or investment banking firm to take your company public.Many companies opt to go public through a direct public offering. In these registered public offerings, a private company follows the same rules and regulations that are followed by companies who go public with an investment banking firm.2. You do not need to go public through a reverse merger.Many companies falsely believe that they are too small or are not interesting enough to go public so they decide to go public through a reverse merger transaction. The truth is that virtually any company can go public through a direct public offering.3. You do not need to give up control of your company.Senior executives of small to medium size companies believe that they will lose control of their company during the process to become public. While there are additional constraints due to government regulations and investor demands, it is rare for a company to give up Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their a The Fortune is in the Follow-up in Marketing From the time you get up in the morning until the time you go to bed at night, you are negotiating, communicating, persuading, and influencing — trying to get people to cooperate with you to accomplish the things that you want them to accomplish. So the pivotal question with regard to selling is not if you are doing it, but if you are good at it.One of the biggest mistakes marketers make is failure to follow up with potential prospects or customers. One reason could be that the importance of follow up is not usually taught in typical network training. They may tell their downline to follow up once and sit back and let the money come rolling in. If you’re reading this, chances are the money isn’t rolling into your bank account and you aren’t really sure why.Follow up is key in your business. Most home business owners today operate their businesses both offline and online. Did you know the average website only contacts it’s visitors one time? Statistics show if you only make one contact you will lose 54% of sales! That’s 54% too many.Remember what they say. “The money is in the List.” You want to nurture a list by developing a relationship with them. You can actually do this before ever contacting them. How would you like to have people actually calling you before you call them? All of this is tied to follow up.It’s important to follow up with your list several times because:· They could have accidentally deleted your offer· Life Unfortunately, over the years, a stigma has grown up around the selling profession. Many people feel that selling is a low-level type of activity, and they don't like to be associated with it — even people who are in sales! Virtually no colleges or universities have a "Department of Selling," even though almost 15 million Americans make their living by selling something to someone. It is the largest single identifiable occupational group in the United States. Salespeople are the movers and shakers in every business and industry. They are the key people who create the demand for all the products and services that keep everyone employed at every other occupation. The 'Gap' The basis for all successful sales efforts is a discipline called gap analysis. Gap analysis is clearly defining what your idea, product, or service can do for a person and then deciding how to demonstrate that in a compelling way. The very best persuaders, communicators, and salespeople are those who concentrate their attention on identifying the gap that exists between a prospect's current situation and the ideal situation and determine how big it is. They then focus on widening that gap in every possible way, until the prospect begins to feel more and more dissatisfied with his or her current situation and more and more desirous of enjoying the preferable situation that is achievable by the use of the product, service, or idea. Let me give you an example. I recently took my car into the dealership for a regular checkup and service. I was quite happy with my car — it was a nice car, it was paid off, and it was running fine … or so I thought. The service manager did an excellent job of analysis and came back to me with the sad fact that the car required not only new tires all around, but also a complete new set of brakes, a wheel alignment, and a lot of other things. The total cost would be about $3,000. You can imagine my reaction. I was shocked. I had no idea that the car required that much service. Well, I thought, what the heck, at least it's cheaper than buying a new car. Then a salesman at the dealership pointed out to me that the car would drop another $2,000 in value at the turn of the model year, which was coming up in about 60 days. He told me that if I kept the car, and repaired it, I would lose $5,000 off the total value of the car, which I could never recover. Suddenly, I went from complacency about my car to dissatisfaction, and then to great dissatisfaction and an intense desire to improve my condition in some way. The salesman then went on to explain that he could take my car as a down payment on a brandnew luxury car, with no cash out of my pocket, and he could spread the payments over three, four, or five years so that the cost to me would be very reasonable. At that, all my resistance vanished. I started out satisfied with my car, then became so dissatisfied with it that I bought a brand-new expensive luxury car — and, surprisingly enough, I drove away happy. This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap). Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap. Identifying the Gap" The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs. Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?" The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering. If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers? One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling. When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not interested," or "I can't afford it," or "We're quite happy with our current situation." These are normal and natural responses. No one likes to change. Your job is to describe a state of even greater satisfaction that they could enjoy if they did something different. Virtually all advertising is aimed at showing people how much better off they could be with a product or service that they have not yet acquired. Ask Gap Questions Gap analysis is based on asking good questions — questions focused on discovering problems that might be troubling the prospect. There is a direct correlation between the use of good questioning techniques and sales success. The more and better questions you ask aimed at finding a problem or uncovering a dissatisfaction, the more interest the prospect will have and the more sales you will make. The person who asks questions has control. Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their an Is Being Self-Employed The Right Thing For You? re desirous of enjoying the preferable situation that is achievable by the use of the product, service, or idea.As well as being viable from a business perspective, it’s also crucial that setting up a company is appropriate for your personal needs. It’s a huge commitment that will require a lot of hard work, so you need to be sure that you’re up to it and that your lifestyle can support it. You also need to examine your skills, experience and attitudes, for example, can you lead a team or manage accounts, do you know the industry, and how do you feel about taking risks?To help you explore whether it’s the right thing for you, it’s important to understand your objectives thoroughly – both personal and company goals. Are they achievable and are they compatible with each other? Consider these objectives in terms of working hours, career aspirations, personal progression, risk, money and flexibility.Below are some of the pros and cons of being self-employed:ProsIndependence – your work can be much more flexible so you can achieve a balance between your job and your home life much more easily. Of course the business needs will always be a priority, but if these are met then you can take time off whenever you Let me give you an example. I recently took my car into the dealership for a regular checkup and service. I was quite happy with my car — it was a nice car, it was paid off, and it was running fine … or so I thought. The service manager did an excellent job of analysis and came back to me with the sad fact that the car required not only new tires all around, but also a complete new set of brakes, a wheel alignment, and a lot of other things. The total cost would be about $3,000. You can imagine my reaction. I was shocked. I had no idea that the car required that much service. Well, I thought, what the heck, at least it's cheaper than buying a new car. Then a salesman at the dealership pointed out to me that the car would drop another $2,000 in value at the turn of the model year, which was coming up in about 60 days. He told me that if I kept the car, and repaired it, I would lose $5,000 off the total value of the car, which I could never recover. Suddenly, I went from complacency about my car to dissatisfaction, and then to great dissatisfaction and an intense desire to improve my condition in some way. The salesman then went on to explain that he could take my car as a down payment on a brandnew luxury car, with no cash out of my pocket, and he could spread the payments over three, four, or five years so that the cost to me would be very reasonable. At that, all my resistance vanished. I started out satisfied with my car, then became so dissatisfied with it that I bought a brand-new expensive luxury car — and, surprisingly enough, I drove away happy. This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap). Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap. Identifying the Gap" The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs. Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?" The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering. If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers? One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling. When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not interested," or "I can't afford it," or "We're quite happy with our current situation." These are normal and natural responses. No one likes to change. Your job is to describe a state of even greater satisfaction that they could enjoy if they did something different. Virtually all advertising is aimed at showing people how much better off they could be with a product or service that they have not yet acquired. Ask Gap Questions Gap analysis is based on asking good questions — questions focused on discovering problems that might be troubling the prospect. There is a direct correlation between the use of good questioning techniques and sales success. The more and better questions you ask aimed at finding a problem or uncovering a dissatisfaction, the more interest the prospect will have and the more sales you will make. The person who asks questions has control. Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their a Buying a Sweater and Choosing a Film School – Are There Some Common Threads? ve away happy.If one is considering the purchase of a sweater, it is essential to know more about yourself that the actual sweater when you begin shopping. What are your demands for color and size, do you want pull over, “v” neck, or buttons, what materials do you like, should it be washable or is dry cleaning acceptable, what about weave, design and cost? These are just a few of the questions that must be answered about yourself and your desires before consummating the experience with a purchase. However, since we have probably shopped on numerous occasions, we are very familiar with our criteria for making a selection.Selecting the right film school is similar, but more exhausting since this is not something that we do frequently.In fact a task like this is often done only once, so it is incumbent on the shopper to prepare themselves fully so the final selection can deliver the results that will lead one to a rewarding and fulfilling experience. The place to start demands that the candidate for film school assess their individual desires, needs, interests, capabilities, motivation, ability to finance, present educat This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap). Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap. Identifying the Gap" The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs. Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?" The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering. If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers? One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling. When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not interested," or "I can't afford it," or "We're quite happy with our current situation." These are normal and natural responses. No one likes to change. Your job is to describe a state of even greater satisfaction that they could enjoy if they did something different. Virtually all advertising is aimed at showing people how much better off they could be with a product or service that they have not yet acquired. Ask Gap Questions Gap analysis is based on asking good questions — questions focused on discovering problems that might be troubling the prospect. There is a direct correlation between the use of good questioning techniques and sales success. The more and better questions you ask aimed at finding a problem or uncovering a dissatisfaction, the more interest the prospect will have and the more sales you will make. The person who asks questions has control. Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their a Business Opportunities & Franchises - Get All the Facts Before You Commit cision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?A franchise opportunity may be the right business for you if you want to be your own boss but do not want to take the risk of starting a new business on your own. Make sure you get all the facts before you buy into a franchise.Before you decide on which franchise you want to buy look at all the franchise websites and investigate the opportunities that are in the market place. Attend a franchise exhibition and speak to some of the franchisors and financiers.Once you have narrowed it down to one or two franchises then get all the facts before you sign any documents or hand over any money. Many franchisors will use tactics like "the price is due to rise shortly" or "your territory has a lot of interest" to get you to commit sooner than you had anticipated. Ignore these types of pressure and investigate the opportunity thoroughly before you commit.Ask for details of all the franchisees that are close to you and get in touch with them. This will help you to make up your own mind regarding the business opportunity and whether it is right for you.Make your own enquiries and try and talk to franchisee One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling. When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not interested," or "I can't afford it," or "We're quite happy with our current situation." These are normal and natural responses. No one likes to change. Your job is to describe a state of even greater satisfaction that they could enjoy if they did something different. Virtually all advertising is aimed at showing people how much better off they could be with a product or service that they have not yet acquired. Ask Gap Questions Gap analysis is based on asking good questions — questions focused on discovering problems that might be troubling the prospect. There is a direct correlation between the use of good questioning techniques and sales success. The more and better questions you ask aimed at finding a problem or uncovering a dissatisfaction, the more interest the prospect will have and the more sales you will make. The person who asks questions has control. Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their a The Care and Feeding of Generation Y uestions has control.Employers are gearing up for the coming generational change-out…the departure of the Baby Boomers from their work places and the continuing arrival of members of what has become known as Generation Y. Whether employers realize the importance of this transition may well determine how successful the business will be when the changeover is complete a decade or so from now.For the record, the Boomers first bloomed in 1947, meaning they begin to hit 65 in 2012. That is a scant five years from now. And although many Boomers may elect to stay in the work force beyond the traditional 65-year-old retirement point, some will elect to enter retirement earlier, so the transition may begin sooner than employers think.In their final years in the work force Boomers will have an awesome role to play: nurturing, coaching and mentoring the incoming generation of workers. The good news is that it can be a rewarding experience for all involved.From the older employees’ perspective, younger workers are often characterized as computer-obsessed and “wet behind the ears.” In reality, the new worker is a pretty bright Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along. Here are some great questions for gap analysis. The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale. A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?" Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve. Fill the Gap Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their answers back to them, to show that you were really listening and that you really understand their needs. Then position yourself to influence and persuade your prospects by showing them how your product or service just happens to be the ideal way to solve their problems, satisfy their needs, or achieve their goals. When you take this low-pressure approach to getting people to do what you want them to do, they will buy from you with pleasure, and they will recommend you to their friends. They will feel they are being helped to improve their lives rather than being pressured into buying something that they many not want or need.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:The Branding of a Beach and Tourist Destination The Business Plan And The Presentation
|