SELLING CONSULTING SERVICES IN EUROPE B. J. O’CONNOR INTERNATIONAL LTD www.oconnorconsultancy.com SELLING IT IS BETTER TO WIN A CUSTOMER THAN LOSE A SALE ORACLE SUCCESS • 20% OF TODAY’S AUDIENCE GET 80% OF THE TOTAL RETURN • HOW CAN YOU GET IN THE CONSULTING TOP 20%? YOUR CONSULTING • HOW DO CLIENTS SEE YOU? • HOW DO CLIENTS VIEW YOUR STRENGTHS AND WEAKNESSES • WHAT IS YOUR BIGGEST CLIENT COMPLAINT? - to + YOUR PROCESSES • DO A VALUE ADDING ANALYSIS • FIND 90% WASTE • REALLOCATE RESOURCES TO SELLING OVERALL SUMMARY RESULTS OF VA STUDIES VA STUDIES 51 DAYS OVERALL 37 MINS Logistics 24% VA 14,283 MINS Impact neg. Manufacturing 0.42% VA 714 MINS 1,665 MINS 117 MINS 7,674 MIN Sales Engineers Internal Sales Drawing Office Purchasing R&D 25% VA 5.7% VA 5.3% VA 77% VA 50.8% VA 9 DAYS OVERALL Value Adding Analysis 10% Value Add Waste 90% YOUR SERVICES • WHY WAS I SUCCESSFUL THE LAST FIVE TIMES? • LOOK FOR A SOLUTION THAT WILL LEAD TO LONG TERM RELATIONSHIP • EXPERIMENT WITH NEW PRODUCTS • USE LINGUISTIC SKILLS DEFINE YOUR CLIENTS’ NEEDS • ASK OPEN QUESTIONS • AGREE CLIENTS’ NEEDS • AGREE SOLUTIONS • HIGHLIGHT BENEFITS DELIVER BENEFITS TO YOUR CLIENTS • MEET THEIR NEEDS • KEEP GOOD CLIENTS AS LONG TERM CLIENTS • LOWER SELLING COSTS WHAT ABOUT PRICE? • SELL ON VALUE NOT TIME • EXCLUSIVE SOLUTION EQUALS HIGH PRICE • NEGOTIATE HIGH UP • YOU NEED HIGH PRICES TO HIRE THE BEST CONSULTANTS • BE AWARE OF LOCAL PRICES YOUR MARKETS • SEGMENT BY: • • • • • VALUE INDUSTRY CHALLENGES MANAGEMENT COMPETITORS PROFILE YOUR SUCCESSES • LOOK FOR SIMILAR OPPORTUNITIES • LOOK FOR EXCELLENT COMPANIES YOUR COMPETITORS • BE AWARE OF YOUR COMPETITORS • DO NOT OFFER A ME TOO SERVICE • OFFER A BETTER OR NEW SERVICE PARTNERS • MORE REWARDING THAN SUBORDINATES • HOW TO SELECT THEM • UNEXPECTED OPPORTUNITIES STRATEGY • ATTACK ON MANY FRONTS • NEVER RELY ON ONE OR TWO METHODS ATTRACT MORE CUSTOMERS • • • • • • • DIRECT MAIL SEMINARS REFERRALS RISK REVERSAL LOSS LEADERS - PILOTS TELEMARKETING SUPERMARKET TECHNIQUES REJECTION • EXPAND YOUR SERVICES • EVERY REJECTION IS A STEP NEARER SUCCESS • LEARN WHAT YOU NEED TO CHANGE NEGOTIATION • TECHNIQUES VARY FROM SWEDEN TO ITALY • TO SUCCEED USE CHECKLISTS PROJECT MANAGEMENT • TEAMS ARE MADE UP OF DIFFERENT SPECIALISTS WITH DIFFERENT LANGUAGES • USE PROJECT MANAGEMENT TO PLAN AND MONITOR ASSIGNMENTS PAYMENT • CASH FLOW RANKS EQUAL WITH CLIENT SERVICE • GO FOR AT LEAST “ONE THIRD” UPFRONT • GET TO KNOW THE PEOPLE WHO AUTHORISE PAYMENT SUMMARY • ENSURE YOUR CLIENTS APPRECIATE THE BENEFITS • REALLOCATE YOUR SELLING RESOURCES • SEGMENT YOUR MARKETS SUMMARY • WORK IN LOCAL LANGUAGES • TRIAL NEW SERVICES • REHEARSE PRESENTATIONS SUMMARY • SELL ON VALUE NOT TIME • USE SEVERAL APPROACHES • EXPLOIT TECHNOLOGY SELLING CONSULTING SERVICES IN EUROPE B. J. O’CONNOR INTERNATIONAL LTD www.oconnorconsultancy.com