Monday, October 30, 2017

Professional musings of an Old Maverick - Part VIII

Business Development ‘Gladiators’ – Triggering the real YOU!
Part – VIII

Professional Attributes to become awe-inspiring Business Development Gladiators!

Welcome back to my world!

As we journey on we will now explore the Professional Attributes that combine with your Personal Attributes, we chugged through last time, to become ‘Awe-Inspiring’ and result oriented Business Development Gladiators! We will proceed to practically understand what Business Development is all about and how we effectively go about the business of taking the Organization’s products to its deserving customers. We will try and cover every aspect of the chain of events that need to be carefully understood from Preparation to Closure and beyond!

The Professional Attributes of a BDE are several and actually form a chain from beginning to end. Hence, it is very important to individually understand, in depth, each of the attributes as they are interlinked with each other in a manner that is absolutely seamless and continuous.  But what are the attributes?

Let’s observe the picture below carefully:



If you observe the above picture judiciously you will be able to understand where I’m coming from. Right from Planning and Preparation to Closure, the Professional Attributes of a world class BDE must exist within one self, right from the beginning of your career till its very end! And it must not merely exist there; but be continuously honed, like the edge of an axe, every moment of your existence as a Business Development Gladiator!

Plan / Prepare:

Business Development is a highly planned activity. Nothing is adhoc here! Most of us tend not to either plan or prepare ourselves to achieve what is expected of us by our organization and therefore, most often, we miserably fail. And when we do, we tend to blame everything ceaselessly: from the product to the market forces. What we fail to do is actually guilt ourselves for a lack of adequate planning and preparation.

1.  Become ‘one’ with your Product: BDEs are not just mere sales people selling products, but solution providers. Effective BDEs plug gaps that exist where their clients are concerned. To do this, you must be absolutely aware of every feature of your product both practically and technically. Your understanding of your product should be so unique that when, questioned of its features and what they efficiently do, you should be able to answer without batting an eyelid! Study each of the products features and rate how much it could possibly influence the client’s requirement. Adopting this simple evaluation technique will give you an understanding of which features of the product needs to be talked about at length and which can be avoided for the time being.

2.  Become ‘one’ with your Client: Remember you are a ‘solutions provider’ and hence you need to carefully research two important spheres:

  Ø Who could be your prospective client? Don’t sell coal to Newcastle. There is an           abundance of coal there! Be realistic in this sphere of research and clearly identify         your target clients. Once you have done that, research the gaps that possibly could        exist in your client’s operations and how your product could ultimately plug them.        You may not reach a 100% accurate conclusion, but at least you would be mentally       prepared with some solution providing ideas which you could talk about confidently.
  Ø Knowing as much about the prospective client identified by you is very important.       Carefully educate yourself on who you will be soon meeting. The client’s habits and     interests; Qualifications; Past experiences; whatever possible information you can         obtain on your client. It will greatly contribute to the content of your conversation         while enhancing the quality of your discussions when you finally meet with your           client.

3.  Become ‘one’ with Yourself: Becoming ‘one’ with yourself is all about tapping the immense reserves of ‘Self-Confidence’ that exists in you. If you have become ‘one’ with your Product and Client, I don’t see a reason why you can’t, quite effortlessly, become ‘one’ with Yourself! Becoming ‘one’ with yourself is very important because, as I said earlier, you are not just selling a product, but providing a solution. You should confidently probe for challenges and gaps that your client is presently experiencing when in conversation with him. The first meeting with a client is always a very critical one because it could either lead to a long lasting relationship or a quick exit out of his office!

Always meticulously plan and prepare for your first meeting with your client. Practice a product presentation and keep revising all the research work you have done on both the product and the client. This will give you immense confidence to go beyond just the initial meeting and actually take a long and successful journey with your client.

Ciao for now! See you all next Monday when we journey on to understand how to effectively introduce yourselves as Business Development Gladiators when you first meet with your client…

Anand K Nair
Leadership & Motivational Speaker. Mentor. Counselor. Author. Educationist. Business Consultant.
Founder,
Anand Nair Leadership Foundation





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