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Ten Slides in Ten Minutes - Parable of the Pink Ponies
1. SS
Ten Slides in Ten Minutes:
Parable of the Pink Ponies
[Capturing the Hearts and Minds of Prospects & Clients]
Presented by:
Bill Graham APM.APMP
April, 2014
bill.graham@sales-synthesis.co.za
2. Market
Management
Relationship
Building
Opportunity
Scouting
Prompts:
⢠Global trends
⢠Industry knowledge
⢠Unfolding
opportunities
⢠Emerging risks
Prompts:
⢠Pedigree/s
⢠Preferences
⢠Requirement/s for
advancement
⢠Resource alignment
⢠Communication plan/s
Prompts:
⢠Wants vs. needs
⢠Resourcing
requirements
⢠Solutions vs. Risks
⢠Ability to deliver
⢠Competition
Account Managers
should be âThought
Leadersâ in specific
industries
Account Managers
need to be
articulate & be the
Single Point of
Contact [SPOC]
Account Managers
need to understand
the clientsâ needs
and deliver against
this need
Fact 1: Account Management assists in the Determination of Solutions
2
Abundance
of
Solutions Selection
of
Solutions
Mutually
Agreed
Solutions
Relevant solutions must be mutually agreed between the Service Provider & the Client
Source: Sales Synthesis
Client
3. 3
Source: Sales Synthesis
Fact 2: It is a Necessity to Deploy Relevant Cost-Efficient Solutions
A Common Strategic
Vision with Clients
Basic Products
Basic Solutions
Value-Added Services
The Competitorsâ
Trajectory of
Irrelevance
Evolving Solutions
Moment of
Truth
Competitive
Mountain
Competitive
Molehill
An evolving
relationship
4. 4
Thus, given thatâŚ.
Fact 1: Account Management assists in the Determination of Solutions
Relevant solutions must be mutually agreed between the Service Provider & the Client
Fact 2: It is a Necessity to Deploy Relevant Cost-Efficient Solutions
&
The Sales Bag will contain a defined set of offeringsâŚ
5. 5
Thus, given thatâŚ.
Fact 1: Account Management assists in the Determination of Solutions
Relevant solutions must be mutually agreed between the Service Provider & the Client
Fact 2: It is a Necessity to Deploy Relevant Cost-Efficient Solutions
&
But none, I guess, would be a real Pink PonyâŚ
The Sales Bag will contain a defined set of offeringsâŚ
Sales Bag:
Without Pink
Ponies
6. 6
Pink Ponies and a Point to Ponder
A customer walks into a major retail outlet and asks the sales assistant, âDo you
sell Pink Ponies?â
The sales assistant has (probably) three possible answers:
1. âYesâ
2. âNoâ
3. âCome back in âX âweeks and weâll have them in stockâ.
What would their answer âtypically be?âŚ
7. 7
Pink Ponies and a Point to Ponder
A customer walks into a major retail outlet and asks the sales assistant, âDo you
sell Pink Ponies?â
The sales assistant has (probably) three possible answers:
1. âYesâ
2. âNoâ
3. âCome back in âX âweeks and weâll have them in stockâ.
It would be âNoââŚ
What would their answer âtypically be?âŚ
8. 8
A Question for Sales Leadership
Question: Would you allow your salesforce to attempt to sell Pink Ponies?
Answer:
1. âYesâ
2. âNoâ
3. âCome back in âX âweeks and weâll have them in stockâ.
This is commonly referred to as âshoehorningâŚ
A Forced Solution is a Forecast for Failure
9. 9
Source: Sales Synthesis
Solution Fit
Profitability
and / or
Business
Fit
Ascent of
Acceptability
Forcing a solution to fit a clientâs requirements [commonly referred
to as âshoehorningâ] will result in lower marketplace credibility and
lower long term profitability
The Path of Pink Ponies to the
Days of Customersâ Past
100%0%
The Region of
Ruined Solutions and
Pink PoniesâŚ
The Rapid Rise
of the Sound
Solution
The Peak of
Performance
A Forced Solution is a Forecast for Failure
Build mutually beneficial and sustainable long-term client relationships by
crafting solutions that support a clientsâ Business Needs
10. 10
In Closing: A Lesson to Learn
Scenario 1: A customer walks into a major retail outlet
and asks the sales assistant, âDo you sell Pink Ponies?â
The sales assistant answers:
âYesâ
âŚand the retail outlet goes out of business because of non-delivery.
Scenario 2: A customer walks into a major retail outlet
and asks the sales assistant, âDo you sell Pink Ponies?â
The sales assistant answers:
âNoâ
⌠and the retail outlet grows from strength to strength by selling relevant offerings.
Do Not Compromise your Salespeople - or Your Growth in the
Marketplace - by Proposing Irrelevant Offerings, such as Pink PoniesâŚ