| When you're conversant in these things, good things happen to you |
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| Written by Jim Logan | |
| Thursday, 01 May 2008 15:13 | |
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Whether it's in a VHF radio, radar repeater, or an advanced weapons system, it's functions the same. If you understand how and why that simple circuit works, no matter where you come across it and no matter what surrounds it, you know how to interpret what it tells you about the gear it's supporting. Once you understand the fundamentals and the theory and principles that drive them, you can accomplish most anything. The fundamentals are what you fall back on to reason through a situation, position a response or ask a question. All are critical success factors to excellence in marketing and sales. In marketing and sales the fundamentals you need to master are:
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So...what you're saying is: My three years of high school electronics meant something?
written by Natasha Vincent, May 01, 2008
Always nice to see a concrete concept grounded to an abstract one (and vice versa). The "ka-ching" moment for me is your question about how my your customer's customer makes money. Golden opportunities lie right there.
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Your customer's customer written by Jim, May 02, 2008
An quick example of the power of understanding your customer's customer:
Years ago I worked for a company that manufactured telecom equipment - voice and data transport and switching. Our target customers were international carriers. Their business was providing transport and termination for upper tier carriers. A key topic of discussion when speaking with our target prospect was how our solution could maximize the revenue potential for their customer. The more profitable their customer, the more traffic they'd send our customer...and the more money our customer would make. We positioned our solution as a valued benefit to our customer's customer, helping them sell their services to their customers. Could our competition have done this? Yes. But they didn't . We did...and we won business as a result. report abuse
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"A tremendous visionary, peerless communicator and gifted salesperson...one of the few "go-to" guys when you need real-world business advice."
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It's like the 80/20 rule (of course these numbers are only for illustration). 80% of what you do comes from 20% of your knowledge. In this case, you understand the fundamentals (i.e., the 20%), and you'll be pretty good at doing something most of the time. Now I'm not saying that with only 20% of the knowledge that you'll perform as well as an expert (there's a reason they're experts). But at least you can do a respectable job and recognize quality when your 20% can't solve your problem and you need to call in an expert.
Chris