In addition to the blogs listed to the right under the Inquisix blog roll, there are many other really interesting blogs that I read on a regular basis. Posts at these blogs that I recently found interesting enough to star and comment on are below:

• 10 Tough Questions To Ask Prospects – Sometimes it’s the commenters that really make me think about what’s being written here. This is one of those posts because the first commenter disagrees with these 10 questions. He claims to be a buyer so the credibility should be there.
• 10 Ways to Get More Clicks in Your Email Campaigns – Our VP Marketing, Betsy, has been sending out regular InquisixCONNECT newsletters to all our members. I’ve found this post to be a great checklist for me to quickly review her newsletter to ensure we’re getting the attention we want. I especially like these tips:
  #2 Link Headlines
  #3 Link Images
  #5 Tease them
  #10 Personalize
• How to Gently Remind a Customer… – It’s end of quarter and you (or your salespeople) have a few deals left in the forecast. Are they going to happen or not? It’s the time for wondering how many times you can call the customer in a week just to get their update. You’ve already asked for the order. A “Yes” is a great response. “No” is not great if it’s because your competitor is winning but bearable if it’s just pushed out a few weeks. But it’s the no response at all that drive salespeople (and their managers) CRAZY. The stress of not knowing is almost worse than knowing it’s a “No”Geoffrey James has a few ideas on how to get the customer to respond. Better yet, the first commenter shared an email that made him respond to the salesrep asking him for the update.

How do you treat long-time customers when the economy is this challenging?  Are you tightening the rules to manage costs or are you more liberal in your policies?

I went to a business that I had purchased from for many years but not over the last year.  They greeted me warmly as if I had just talked with them yesterday, with no hint of criticism or complaint in their voice.

Later that day, I went to another business that I also frequent often.  They know me well enough to recommend new products they think I’d like.  And they know I’ve referred other customers to them. I was 90 minutes late in returning an item I had rented and they wanted to charge me another full day.  It’s their policy and it’s posted.  When I asked for leniency, the owner’s reply was, “It’s our policy and you need to pay.”

The next day I received a rather large bill.  I had made a mistake in understanding the rules so the bill was correct if unwelcome.  When I asked the Accounts Payable person for some flexibility, I was flatly turned down.  When I asked to speak to the owner, I was told that he refused to discuss these issues with anyone.  “Even customers who’ve purchased from him for 20 years?” I asked.  The answer was, “Yes.”

The economy is going to get better.  I will spend more money.  I will continue to make referrals to my vendors.  Which vendor mentioned above will continue getting my business and my referrals?

Barry Moltz has a radio show where he will, “… talk about all the craziness of small business.” Last week’s theme was sales & marketing networking thru social media and he invited me to talk with him. You can listen to my portion of the show below.

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Barry had a few guests on his show along with me, including Alyssa Dver from my last post.  His show was also the inspiration for my post on why the cold calling process is like, “putting lipstick on a pig” which generated quite a few comments. If you’d like to listen to the whole 30 minute talk, go to Barry’s website here and listen to episode #40. You’ll find a wealth of information on his site so enjoy.

Alyssa Dver is author of, “No Time Marketing” and was recently on Barry Moltz’s Business Insanity Radio show again. She had a great quote that was both funny and deadly accurate.

She said that “Happy Ears” is her term for confusing prospect enthusiasm with purchase authority.

What a great quote! It should be one of your top concerns when submitting your forecast to management. And management should be filtering forecasts with same consideration.

What about your forecast, does it have too many opportunities in it based on Happy Ears?

Most everyone has an online avatar. Whether it’s your Facebook picture shown to your friends or your LinkedIn picture with your resume, everyone’s putting their mug shot online. With the introduction of YouTube, easy-to-use video editing software like iMovie and inexpensive video cameras like The Flip, it seems like everyone is taking the next step from pictures on the web to videos on the web.

And web videos are a natural extension of your sales and marketing efforts. It’s a great way to quickly and accurately get your compelling message across to a large number of customers and prospects. We’ve been exploring adding video to the Inquisix site not only to educate members but allow members to tell their own story to fellow members.

Since we don’t want our videos to win awards on “America’s Funniest Home Videos”, I sat down with Inquisix member Catie Foertsch of OurTownProductions to learn more. She talked about her 6 tips to making a better video. I’ll summarize them here but you should go to her website for the complete details.

Catie’s 6 tips to a better video

• Start with a script
• Be Yourself
• Use a quality microphone
• Use lots of good lighting
• Frame your face well
• End video with a call to action

Whether you’re a front-line sales rep hunting for new business, a consultant delivering solutions, or small business owner communicating with customers, board members and employees, it’s all about selling: selling to win new business or selling to retain customers in an increasingly competitive marketplace. So what’s the deal with the buzz around emerging Sales 2.0 solutions? Which approaches are best able to fill the pipeline? How can you integrate informal networking with the latest technologies?

This White Paper by Michael Kreppein, Inquisix’s Chief Sales Officer, explores the value of referral networking by using Inquisix to combine your in-person with your online networking.

Please download the White Paper in pdf format by clicking the link below.

Inquisix White Paper on Referral Networking

I read just a great article today about 6 brothers who are all successful IT sales reps in the Boston area.  You can read the full article at MassHighTech and it’s well worth the read.  They said that the main reason for their success was the mentoring they all did amongst themselves over Sunday dinner.  They did it themselves because they found that “…many companies put less emphasis on mentorship and training than they should.”

The brothers not only mentor each other but take pride in mentoring the new hires working for them.

Do you have a mentor?
Who are you mentoring?

Happy Holidays and Happy New Year to all. As the end of 2008 rapidly approaches, the Inquisix team hopes you are all enjoying the holidays with your family and friends. If you’re thinking of prepping early for 2009, here’s some of our most popular articles from 2008.

Why Cold Calling Doesn’t Work:

• Cold Calling Is Ineffective
• Selling to Senior Management

Cold Calling From the Buyer’s perspective:

• Referrals from the Buyer’s perspective
• Where Senior Management Gets Their Info

Generating Referrals:

• Keys to a Strong Referral-Based Business
• Marketing While You Sleep
• Customers as References Not Referrals
• The Golden Rule of Networking

Pay or Play for Referrals/Reputation:

• Paying for Relationships

I’ve recently been catching up on the medical TV show, House. He’s a brilliant doctor who’s interested in diagnosing the diseases but not interested in his patients. He’s arrogant, condescending and a royal PITA*. He’s also one of the top doctors in the U.S. So his behavior is tolerated and even encouraged by his boss when a really tough case comes along.

Don’t we know sales reps like that? They bring in the big deals, save the company’s quarter on more than one occasion and earn more money than their boss. But they’re also rogues who don’t play by the rules, couldn’t be bothered to keep the SFA system up to date and generally ignore the rules without consequences. Their boss has a love/hate relationship with them, with love being highest at the end of the quarter.

What does your company do? Do they tolerate these reps? Embrace them? Fire them? Try to find more of them?

What would you do if you were their boss?

* PITA - Pain in the A**

At a company I worked for, we (the sales reps) called bringing in the CxO level people to our accounts the “Incompetence Tax.”  It was a small technology company and we sold to the Fortune 1000.  Yet the CEO, CFO, CTO and Chief Legal Officer invariably thought that these big companies would bend over backwards to buy our stuff.  The rep would have the deal almost closed when Legal would insist on red-lining the customer’s contract with so many changes that the resulting contract looked like ours.  Or the CEO would talk down to a young Managing Director who controlled a bigger budget than our annual sales.  Or the CTO would tell the customer that their existing architecture was “…not well thought out.”  Or the CFO would insist on “value-based” pricing when our competitors’ products were marginally inferior to ours but priced 2-5 times less.  The sales reps learned to put deals thru our partners so that the deal was on someone else’s paper with someone else’s pricing.  Of course, we then got less money on the deal but it was better than losing the deal all together.  Thus, the Incompetence Tax!