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How do smarter firms
& their fee earners
win more business?
21st October 2011
A workshop facilitated by
Bernard Savage, Managing Director
Technical expertise is not enough
You must juggle responsibilities
Technical delivery
                     Selling
                     (Marketing &
                     Business
                     Development)


                      Team
                      responsibilities
What will we cover today?
Today’s objectives
To give you the
confidence, focus & action
you need to take to turn
relationships into business
Tenandahalf story




    1986 - 1990   1990 - 2000   2000 - 2002
2002 - 2004   2005 -
Module 1
                 How to Sell
                 Professional
                   Services

           “how you think about business development
           will to a large extent determine the outcome”
           Bernard Savage
What attributes do you need to sell
What attributes do youservices? sell ?
           professional need to
Positive attitude

                    Do you “engineer
                    serendipity”?

                    Are you
                    enthusiastic &
                    passionate in your
                    conversations?

                    People buy
                    from people
Focus
        How clearly can you
        describe your
        targets?

        What does success
        look like for you?

        How is your activity
        connected to your
        marketing plan?

        Are you fishing in the
        right ponds?
Excellent communication
                   Are you actively
                   listening to your
                   clients?

                   How much time do
                   you spend listening
                   to your clients?

                   Do you really
                   understand what
                   the market wants?
Drive




Enthusiasm and energy
is infectious
Follow a system
                   Cold Prospects
  (identified as having potentially great potential)
                                                       What system are
                                                       you using to attract
                                                       new business?
                    Warm Leads

                                                       How many
                                                       conversations you
                   Opportunities
                                                       need to generate
                                                       potential
                Proposals & Quotes                     opportunities?

                       New
                                                       It’s a numbers
                     Customers
                                                       game!
Goal orientated




What gets measured gets done
Keep it simple, easy to maintain, & transparent
Take action
So what?
           How you are wired – how you feel about
           selling – will determine your success
Do you really want to adopt a winning mindset ?
Make a commitment and talk to yourself!
    Remove scepticism and
    cynicism
    Think positively and talk to
    yourself

    Be disciplined and banish
    all hindering thoughts

    Adopt new habits
Use CATs to boost confidence
Positive Capability Affirming Thoughts (CATs)

                     “I’m                           “I will make
“Come on you                         “Keep
                determined to                     that phone call
  can do it!”                       smiling”
                get this done”                         NOW”



                “I’ve done this   “Think of the   “I am going to
    “Stay
                before – I can    benefits when      enjoy this
  confident”
                 do it again!”     you finish”        event”
Winners all apply psychology to
build on their technical excellence
Focus on making small steps
What does marketing activity this month look like?

How many conversations do you need to have this week?

Who do you need to contact today?
Break down your plans into bite sized goals

BIG GOAL: Run Marathon (26.2 miles) One year from today

Key Milestone         23 miles              11 months


Key Milestone         19 miles              9 months


Key Milestone         13 miles              7 months


Key Milestone         9 miles               5 months


Key Milestone         4 miles               3 months
Understanding how professional
service buyers think & behave
People buy on emotion first, logic second




Your clients will assume that you are technically competent. Technical
competence will not be the critical reason that someone instructs you
Professional likeability is critical
Show empathy & put yourself in your clients’ shoes




Have you visited your    Do you buy your clients
clients premises         products & services (or
recently?                competitors)?
…and Don’t Sell!

Be visible and
let people buy
from you
‘Stop Selling & Drink Coffee!’
Questions for you to answer

How are you going to
build an emotional
connection with your
clients and prospects?

How are you going to
stay visible with your
personal key contacts?
How to
    influence, build
     profile & stay
         visible

“successful marketing is about intelligent
elbow grease – do the right things & do them
often. You must stay visible to make it easy”
Bernard Savage
Lead Generation model
£ budget/ revenue target                                         Your Sales Pipeline
                                             ‘Coffee’




                           Lead Generation
                                             Speaking             ‘Coffee’ Conversations
                                             Press
                                             Networking
      Fees unsecured                         ‘Saw this &
                                                                        Prospects
                                             thought of you’
                                             Referral strategy
                                             E marketing
                                             On line
           b                                                            Pitches

     Fees secured
     or expected
     based on                                                              £
     existing client
     repeat business
     & brand
Be strategic in marketing activity
……….or is this more typical?

                                     “a new
 “we always        “its time to   corporate id
 have a golf       print a new    will make us
    day”            brochure”      look more
                                    modern”




                                  “the magazine
  “we need to                     said that they
                         “xxxx
   refresh our                    have a special
                        always
      website                       offer if we
                       sponsor
  because the                      advertise in
                       events”
 executive think                  the Dec issue”
  it looks dull”
There are no silver bullets to close sales
To influence your target ‘touch them’
6-8 times across 12-18month period
Use a variety of different methods to
attract your prospect
                                                                                On line,
                                                                Video
Communication   Telephone        Email        Face to Face
                                                              conference
                                                                               eg extranet
                                                                                 or blog
format

                 Seminar                                      Networking
                               Newsletter      Hospitality                        PR
                invitation                                       event



Marketing
                 Send an        Provide       Hand written                   Write article
                  article     a referral or    Thank You      Case Studies   for prospect
activities      of interest   introduction       note                         publication




                Support         Speak at        Provide
                                                                Podcast      Testimonials
                 charity      Team Meeting    FREE training
Stay very close to your friends
(clients & potential referrers of work)
Client retention is more profitable
                    Investing in client development
                    (the right ones) is ten times
                    more productive from a
                    marketing perspective than
                    chasing prospects

                    Increase in client retention of 5%
                    leads to an increase in
                    profitability of 14%, yet an
                    increase in new business of 5%
                    only delivers an increase in
                    profit of 5%
                    Source: Bain & Co consultancy
Immerse yourself in clients world
Read trade press; attend conferences;
visit clients location; understand key
issues; talk their language….what else?
Increase focused client contact

Face to Face   Phone     On line




Mail           E-mail    Press
SMART objectives for Key Clients
                         Specific
                         Measurable
                         Achievable
                         Realistic
                         Timelines
Okay Bernard, so what exactly do I need to do?
1. Don’t sell, drink coffee
Demonstrate
empathy to build
trust – simply ask      Success is creating a
questions & listen      dialogue, not a sale
attentively
Questions to ask at ‘coffee’ meetings
What the prospect does                                 Why the prospect does it that way

What do you do?                                        Why do you do it that way?
Tell me more about…..                                  What are the advantages for you of doing it that way?
What is the company’s strategy?                        Why did you decide to call us today?
What kinds of projects are you personally handling     Who is involved in making the final decision to….?
now?
                                                       Who the prospect is currently working with
How the prospect does that
                                                       Who are you doing it with?
How do you do it?                                      What do they do well?
Tell me more about…..                                  What areas do you feel could be improved?
How is the company reacting to [the current economic   What is the reputation of xxxx in the market place?
downturn]?
How do you differentiate versus your competition?      Whether and how you can help the prospect do what
                                                       he does better
When and where the prospect does what he does
                                                       How can we help you do it better?
When and where do you do it?                           How are you going to choose who you’ll be working
Tell me more about…..                                  with?
What are your plans for….?                             Have you ever worked with another company like ours
Where do you hope this….leads you?                     before?
                                                       What kinds of relationships are you hoping to develop
                                                       in the future?
2. Speak at trade events
You have a captive         You will build profile
audience to                & thought leadership
communicate with           credentials



Its more cost              Change from
effective than just        ‘interruptive’ to
attending events           ‘permission’
                           communication
3. Follow up within 72 hours of networking events

                               Sell the ‘coffee’ not
                               your credentials
                               Friendly & informal
                               tone of voice
                               Email is easier than
                               phone
                               Don’t limit follow up
                               to just those people
                               you met
Just email and say
“Hi John,

Good to meet you at xxxx yesterday. Hope your head is not as sore as
mine this morning!

I am in yyyyyyy 21st Nov and would love the opportunity to learn more
about ..... Have you got 30 minutes for a coffee?

If this doesn’t work, perhaps you can suggest alternatives in Dec –
perhaps we can meet on a future visit to yyyyy – planning another visit
4-6 weeks later?

Kind regards

Peter
4. Get articles published – both print & on line
                            What trade press
                            do your clients &
                            targets read?

                            Participate in
                            LinkedIn groups
How?
Identify what your targets read & cultivate
 relationships with journalists of publications
Find out publication forward features
Write interesting articles that fit tone of voice
 of publication – make it easy to get placed
Embrace on line media

Segment groups
you want to
influence &
research where &
how they
communicate

What problems do
you see on forums?
5. ‘Saw this and thought of you’ hand written note
Send articles of interest,
eg best practice

Provide market
intelligence

Your aim is to stay
front of mind & show
you care
6. Ask for referrals & testimonials




 You are mitigating risk for potential buyers
Perhaps we don’t ask because………

                                     Not the
Embarrassment       Awkwardness
                                    British way


                       Never       Doesn’t seem
Fear of rejection
                     think of it   professional


            If they knew someone,
   they’d probably mention it anyway
Different types of referral
Value of referral




                    Please mention my name
                     & here’s what you need
                            to know
Different types of referral
Value of referral




                    I’ll call, email or
                      write for you
Different types of referral


                       I’ll set up a
                    meeting & make
Value of referral




                    the introductions
You might say
 “We want to grow our business and I’d appreciate your advice
  on who you think I should be talking to”

 “Would you feel comfortable recommending us?”

 “Who do you know who might also appreciate the services
  we have provided you?”
7. Case studies & testimonials
 Show that you understand the prospect’s
  position
 Paint pictures of profiles of clients you have
  helped (Context, Action, Result)
 You can protect anonymity
Focus on building trust
   Rapport
   Share intelligence
   Provide introductions
   Deliver on promises
   Be consistent
How you can win new business:
  Your 7 winning sales strategies
1. Don’t sell, drink coffee
   (focus on building relationships, not fees)
2. Speak at trade events
3. Follow up (quickly)networking activity
4. Get articles published (on & off line)
5. ‘Saw this & thought of you’
6. Referral strategy
7. Case studies & testimonials
What action are you going to take?

                  Plan the work;
                  & Work the plan

                  Make a
                  commitment to do
                  something; do a
                  little & often

                  Measure activity
Bernard
T: 0777 189 7772
E: bernard@tenandahalf.co.uk

Douglas
T: 0778 654 0191
E: douglas@tenandahalf.co.uk

Office
T: 0115 9247106
E: info@tenandahalf.co.uk
W: www.tenandahalf.co.uk

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How smarter firms win more business

  • 1. How do smarter firms & their fee earners win more business? 21st October 2011 A workshop facilitated by Bernard Savage, Managing Director
  • 2.
  • 4. You must juggle responsibilities Technical delivery Selling (Marketing & Business Development) Team responsibilities
  • 5. What will we cover today? Today’s objectives To give you the confidence, focus & action you need to take to turn relationships into business
  • 6. Tenandahalf story 1986 - 1990 1990 - 2000 2000 - 2002
  • 7. 2002 - 2004 2005 -
  • 8.
  • 9. Module 1 How to Sell Professional Services “how you think about business development will to a large extent determine the outcome” Bernard Savage
  • 10. What attributes do you need to sell What attributes do youservices? sell ? professional need to
  • 11. Positive attitude Do you “engineer serendipity”? Are you enthusiastic & passionate in your conversations? People buy from people
  • 12. Focus How clearly can you describe your targets? What does success look like for you? How is your activity connected to your marketing plan? Are you fishing in the right ponds?
  • 13. Excellent communication Are you actively listening to your clients? How much time do you spend listening to your clients? Do you really understand what the market wants?
  • 15. Follow a system Cold Prospects (identified as having potentially great potential) What system are you using to attract new business? Warm Leads How many conversations you Opportunities need to generate potential Proposals & Quotes opportunities? New It’s a numbers Customers game!
  • 16. Goal orientated What gets measured gets done Keep it simple, easy to maintain, & transparent
  • 18. So what? How you are wired – how you feel about selling – will determine your success
  • 19. Do you really want to adopt a winning mindset ?
  • 20. Make a commitment and talk to yourself! Remove scepticism and cynicism Think positively and talk to yourself Be disciplined and banish all hindering thoughts Adopt new habits
  • 21. Use CATs to boost confidence Positive Capability Affirming Thoughts (CATs) “I’m “I will make “Come on you “Keep determined to that phone call can do it!” smiling” get this done” NOW” “I’ve done this “Think of the “I am going to “Stay before – I can benefits when enjoy this confident” do it again!” you finish” event”
  • 22. Winners all apply psychology to build on their technical excellence
  • 23. Focus on making small steps What does marketing activity this month look like? How many conversations do you need to have this week? Who do you need to contact today?
  • 24. Break down your plans into bite sized goals BIG GOAL: Run Marathon (26.2 miles) One year from today Key Milestone 23 miles 11 months Key Milestone 19 miles 9 months Key Milestone 13 miles 7 months Key Milestone 9 miles 5 months Key Milestone 4 miles 3 months
  • 25. Understanding how professional service buyers think & behave
  • 26. People buy on emotion first, logic second Your clients will assume that you are technically competent. Technical competence will not be the critical reason that someone instructs you
  • 28. Show empathy & put yourself in your clients’ shoes Have you visited your Do you buy your clients clients premises products & services (or recently? competitors)?
  • 29. …and Don’t Sell! Be visible and let people buy from you
  • 30. ‘Stop Selling & Drink Coffee!’
  • 31. Questions for you to answer How are you going to build an emotional connection with your clients and prospects? How are you going to stay visible with your personal key contacts?
  • 32. How to influence, build profile & stay visible “successful marketing is about intelligent elbow grease – do the right things & do them often. You must stay visible to make it easy” Bernard Savage
  • 33. Lead Generation model £ budget/ revenue target Your Sales Pipeline ‘Coffee’ Lead Generation Speaking ‘Coffee’ Conversations Press Networking Fees unsecured ‘Saw this & Prospects thought of you’ Referral strategy E marketing On line b Pitches Fees secured or expected based on £ existing client repeat business & brand
  • 34. Be strategic in marketing activity
  • 35. ……….or is this more typical? “a new “we always “its time to corporate id have a golf print a new will make us day” brochure” look more modern” “the magazine “we need to said that they “xxxx refresh our have a special always website offer if we sponsor because the advertise in events” executive think the Dec issue” it looks dull”
  • 36. There are no silver bullets to close sales
  • 37. To influence your target ‘touch them’ 6-8 times across 12-18month period
  • 38. Use a variety of different methods to attract your prospect On line, Video Communication Telephone Email Face to Face conference eg extranet or blog format Seminar Networking Newsletter Hospitality PR invitation event Marketing Send an Provide Hand written Write article article a referral or Thank You Case Studies for prospect activities of interest introduction note publication Support Speak at Provide Podcast Testimonials charity Team Meeting FREE training
  • 39. Stay very close to your friends (clients & potential referrers of work)
  • 40. Client retention is more profitable Investing in client development (the right ones) is ten times more productive from a marketing perspective than chasing prospects Increase in client retention of 5% leads to an increase in profitability of 14%, yet an increase in new business of 5% only delivers an increase in profit of 5% Source: Bain & Co consultancy
  • 41. Immerse yourself in clients world Read trade press; attend conferences; visit clients location; understand key issues; talk their language….what else?
  • 42. Increase focused client contact Face to Face Phone On line Mail E-mail Press
  • 43. SMART objectives for Key Clients Specific Measurable Achievable Realistic Timelines
  • 44. Okay Bernard, so what exactly do I need to do?
  • 45. 1. Don’t sell, drink coffee Demonstrate empathy to build trust – simply ask Success is creating a questions & listen dialogue, not a sale attentively
  • 46. Questions to ask at ‘coffee’ meetings What the prospect does Why the prospect does it that way What do you do? Why do you do it that way? Tell me more about….. What are the advantages for you of doing it that way? What is the company’s strategy? Why did you decide to call us today? What kinds of projects are you personally handling Who is involved in making the final decision to….? now? Who the prospect is currently working with How the prospect does that Who are you doing it with? How do you do it? What do they do well? Tell me more about….. What areas do you feel could be improved? How is the company reacting to [the current economic What is the reputation of xxxx in the market place? downturn]? How do you differentiate versus your competition? Whether and how you can help the prospect do what he does better When and where the prospect does what he does How can we help you do it better? When and where do you do it? How are you going to choose who you’ll be working Tell me more about….. with? What are your plans for….? Have you ever worked with another company like ours Where do you hope this….leads you? before? What kinds of relationships are you hoping to develop in the future?
  • 47. 2. Speak at trade events You have a captive You will build profile audience to & thought leadership communicate with credentials Its more cost Change from effective than just ‘interruptive’ to attending events ‘permission’ communication
  • 48. 3. Follow up within 72 hours of networking events Sell the ‘coffee’ not your credentials Friendly & informal tone of voice Email is easier than phone Don’t limit follow up to just those people you met
  • 49. Just email and say “Hi John, Good to meet you at xxxx yesterday. Hope your head is not as sore as mine this morning! I am in yyyyyyy 21st Nov and would love the opportunity to learn more about ..... Have you got 30 minutes for a coffee? If this doesn’t work, perhaps you can suggest alternatives in Dec – perhaps we can meet on a future visit to yyyyy – planning another visit 4-6 weeks later? Kind regards Peter
  • 50. 4. Get articles published – both print & on line What trade press do your clients & targets read? Participate in LinkedIn groups
  • 51. How? Identify what your targets read & cultivate relationships with journalists of publications Find out publication forward features Write interesting articles that fit tone of voice of publication – make it easy to get placed
  • 52. Embrace on line media Segment groups you want to influence & research where & how they communicate What problems do you see on forums?
  • 53. 5. ‘Saw this and thought of you’ hand written note Send articles of interest, eg best practice Provide market intelligence Your aim is to stay front of mind & show you care
  • 54. 6. Ask for referrals & testimonials You are mitigating risk for potential buyers
  • 55. Perhaps we don’t ask because……… Not the Embarrassment Awkwardness British way Never Doesn’t seem Fear of rejection think of it professional If they knew someone, they’d probably mention it anyway
  • 56. Different types of referral Value of referral Please mention my name & here’s what you need to know
  • 57. Different types of referral Value of referral I’ll call, email or write for you
  • 58. Different types of referral I’ll set up a meeting & make Value of referral the introductions
  • 59. You might say  “We want to grow our business and I’d appreciate your advice on who you think I should be talking to”  “Would you feel comfortable recommending us?”  “Who do you know who might also appreciate the services we have provided you?”
  • 60. 7. Case studies & testimonials
  • 61.  Show that you understand the prospect’s position  Paint pictures of profiles of clients you have helped (Context, Action, Result)  You can protect anonymity
  • 62. Focus on building trust  Rapport  Share intelligence  Provide introductions  Deliver on promises  Be consistent
  • 63. How you can win new business: Your 7 winning sales strategies 1. Don’t sell, drink coffee (focus on building relationships, not fees) 2. Speak at trade events 3. Follow up (quickly)networking activity 4. Get articles published (on & off line) 5. ‘Saw this & thought of you’ 6. Referral strategy 7. Case studies & testimonials
  • 64. What action are you going to take? Plan the work; & Work the plan Make a commitment to do something; do a little & often Measure activity
  • 65. Bernard T: 0777 189 7772 E: bernard@tenandahalf.co.uk Douglas T: 0778 654 0191 E: douglas@tenandahalf.co.uk Office T: 0115 9247106 E: info@tenandahalf.co.uk W: www.tenandahalf.co.uk