Whale Hunting Wisdom

Welcome to the Whale Hunters Wisdom blog with Founder, Dr. Barbara Weaver Smith. Join us for frequent ideas on business development, success stories, comprehensive sales articles, and regular links to all of our new resources. You will find a lively discussion of small business growth, RFP strategies, sales development, sales resources, and business deals. It is all about growing your business.

The Hunt is Never Over

Brooke Green
Brooke Green

Today’s Guest Blogger is my great friend Brooke Green, principal at Caskey Achievement Strategies.  Brooke is passionate about her work coaching sales teams and beloved by her clients. Thanks for joining us, Brooke!

I always find this time of year interesting. If you have any responsibility for revenue growth within your company, I’m sure you’ve been asked to create a sales plan for how you will make that happen. My experience is that most are searching for new revenue, inside new businesses. Why would you not concentrate on what’s already there? Your key accounts. Continue reading

Posted in Business Development Strategy, Sales Process, Small Business Advice, Women in Business | Tagged , , , , ,

Key Accounts: A Great Source for New Revenues

For 2012, we’re planning a “theme of the month” approach on the blog.  January’s theme is new business with your best current accounts.  I’ve lined up a great list of guest bloggers to help explore this topic, starting today.

Please welcome Dave Cooke (@SalesCooke), CEO of Strategic Resource Group and an expert on how to grow key accounts.  Thanks for kicking off 2012 for us Dave!

The definition of business success is growth.  Increasing revenue drives most sales organizations.  However, there are two aspects of the growth formula that are often underlooked; or, at least, underemphasized– client retention and business development in existing accounts.

The most efficient channel for increases or improvements to profitable revenues is maintaining the business relationships you have and leveraging those relationships to offer and deliver more.

Your best customers are your most efficient channel for new business opportunities.  Yet, many organizations struggle to create and discover these opportunities.  For the most part it is because they have become so proficient at being satisfied with the existing relationship that they fail to understand or recognize how to
expand and build on it.  Continue reading

Posted in Business Development Strategy, business development tactics, Sales Development | Tagged , , ,

Reprise: Most Popular Post of 2011

This was our all-time biggest blog traffic post, originally from June 2011.

Here are five key points to consider in preparation to make your initial call on a prospective customer.   No, they’re not about putting brochures in a folder or loading up the power point!

  1. 1.Know the customer.  Some sales people call on prospective customers with little more than a “lead”—maybe only an address and a name scribbled on a post-it note.  But whale hunters do not call on a large prospect until they have a complete dossier prepared by a Scout, someone in sales support, marketing or administrative assistance who has been trained to conduct the essential research. Your dossier should include a complete description of the company and its history.  You need to know its major customers and competitors, key products and services, and its market position.  Record three years of data on revenue, gross margin, and operating margin.  Total assets and total debt help you create a snapshot of the company’s current position.What is the company’s current market strategy?  Are they gaining or losing market share?  Are they poised to introduce new products or services?  Are they B-to-B or B-to-C?  What kind of  budget have they had historically?  Who is or has been their incumbent provider? Continue reading
Posted in Sales Process, Sales Tips, Small Business Advice, Women in Business | Tagged , ,

Best of Whale Hunters Wisdom 2011

Best of Whale Hunters WisdomAs 2011 closes out, I’ll feature a few of our most popular posts of 2011.

This one, posted in June, has to do with building trust or fixing blunders.

We came home from the grocery  with a little mesh package of new red potatoes.  Also a package of baby portabella mushrooms.  Planned to use them on the same day; did not demand that they stay fresh for even three days (although that wouldn’t be too much to expect, would it?)

As I started assembling the roast pork tenderloin dinner, I discovered that the potatoes were rotten.  Not just mildly old—completely unusable.  All of them.  So good husband returned to the supermarket to get replacements.  A few minutes after he left, I opened the portabellas.  Whew!  Old. Unacceptable.  So from a very expensive, high-end so-called “luxury” grocery store, I had two high-priced items on the same day that were unfit to eat.  From a provider whose minimum requirement should be “food that is fit to eat on the day you buy it.”

Read more

 

Posted in Uncategorized |

B2B Account Strategies from The Geehan Group

Our frieB2B Executive Playbooknds at The Geehan Group are launching Sean Geehan’s new book The B2B Executive Playbook in January.  They’ve got two great events coming up on January 9 and 10th.  On the 9th, a live luncheon event at Aileron in Dayton, Ohio, and on the 10th, a webinar 11 am – 12 noon EST.

The webinar is presented by Gary Vastola, Vice President Service Offering Marketing & Field Support at Xerox and Karen Posey, Senior Consultant, Geehan Group.  The title is Drive Exponential Growth through Account Based Innovation, and the registration fee of $25 includes a copy of Sean Geehan’s book.

Geehan Groups works primarily with large companies to implement executive sponsor programs.  But even smaller B2B companies can learn a lot from them about taking care of key accounts.  I think you’ll find it worth while.

More info and registration here.

Posted in Business Development Strategy, News & Events, Sales Management, Small Business Growth | Tagged , , , , ,

Authentic Sincerity

Today we welcome Dave Cooke (@SalesCooke), CEO of the Strategic Resource Group in Arizona and Michigan.  Thanks for blogging today Dave! 

Join us Wednesday, December 14, 2011 for a teleconference with Dave  on the topic of Selling Like a Team, including a discussion of “authentic sincerity.”  9am Pacific; 10am Mountain; 11am Central, noon Eastern.  It’s a free call; register here.

In my twenty five plus years in selling, I have had the opportunity to learn from the very best and the very worst of the selling profession. Also, I have had the dubious distinction of developing and applying my sales skills in several very unique and different industries. As I continue to share my experiences as advisor, educator, manager, strategist and coach one lesson rings truest over all others – nothing replaces authenticity and sincerity when it comes to building strong professional relationships. I am looking forward to the opportunity to share my professional experiences and perspectives on The Whale Hunters Expert Series Call.

While I enjoy recalling all my lessons and stories, it is my passion and commitment to enhancing the perception of the profession that drives and inspires me today. Most popular sales professionals and experts are very adept at using a very common vocabulary – listening, solution selling, relationship building effectiveness, etc. Unfortunately, the number of sales professionals who misuse, misapply, misunderstand, and simply ignore the shared vocabulary is much, much larger than the individuals who have made the commitment to utilizing it to the highest level of professionalism. Continue reading

Posted in Uncategorized |