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  • I Advice - Sell the 'Gap'

    What Makes a Person an Entrepreneur?
    Entrepreneurship is generally characterized by some type of innovation, a significant investment, and a strategy that values expansion. The entrepreneur is often quite different in mindset from a manager, who is generally charged with using existing resources to make an existing business run well. The roles of entrepreneur and manager are not necessarily incompatible, but entrepreneurs are seldom patient enough to be good managers.Mindset of an entrepreneurIt is often instructive to analyze the experiences that have formed our attitudes toward entrepreneurship. A recent study showed that 70% of business startups were by a person who had an entrepreneurial parent.The U.S. Small Business Administration has developed a Checklist for Going into Business that leads the prospective entrepreneur through a skills inventory that includes supervisory and/or managerial experience, business education, knowledge about the specific business of interest, and willingness to acquire the missing necessary skills. A commitment to filling any knowledge or experience gap is a very positive indicator of success.Per
    then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not int

    Outsourcing Is Picking Pace
    BPO or Business Process Outsourcing is a very common and mushrooming phenomenon these days. BPO can be defined as the accomplishment of a business task from some outside agency. For instance a company can ask or hire an external agency to maintain its old records and accounts. The phenomenon of outsourcing was not so well established before a decade. Initially some of the relatively small and low grade jobs like old storage record of the company were outsourced in United States. Gradually with the budding success and confidence, valuable and crucial jobs like payroll accounting, human resource tasks – recruitment, training and development of employees joined the fray.Outsourced jobs most often involve the ones, which need to be performed on a regular or daily basis. The companies now no more perform such tasks which they used to perform themselves. Like hiring of a consultant company for training of new employees, getting advertisements made from an advertising firm across the seas.Outsourcing has many benefits. It allows a company to identify and focus on its core competencies. The company can outsource e
    From the time you get up in the morning until the time you go to bed at night, you are negotiating, communicating, persuading, and influencing — trying to get people to cooperate with you to accomplish the things that you want them to accomplish. So the pivotal question with regard to selling is not if you are doing it, but if you are good at it.

    Unfortunately, over the years, a stigma has grown up around the selling profession. Many people feel that selling is a low-level type of activity, and they don't like to be associated with it — even people who are in sales! Virtually no colleges or universities have a "Department of Selling," even though almost 15 million Americans make their living by selling something to someone. It is the largest single identifiable occupational group in the United States.

    Salespeople are the movers and shakers in every business and industry. They are the key people who create the demand for all the products and services that keep everyone employed at every other occupation.

    The 'Gap'

    The basis for all successful sales efforts is a discipline called gap analysis. Gap analysis is clearly defining what your idea, product, or service can do for a person and then deciding how to demonstrate that in a compelling way.

    The very best persuaders, communicators, and salespeople are those who concentrate their attention on identifying the gap that exists between a prospect's current situation and the ideal situation and determine how big it is. They then focus on widening that gap in every possible way, until the prospect begins to feel more and more dissatisfied with his or her current situation and more and more desirous of enjoying the preferable situation that is achievable by the use of the product, service, or idea.

    Let me give you an example. I recently took my car into the dealership for a regular checkup and service. I was quite happy with my car — it was a nice car, it was paid off, and it was running fine … or so I thought. The service manager did an excellent job of analysis and came back to me with the sad fact that the car required not only new tires all around, but also a complete new set of brakes, a wheel alignment, and a lot of other things. The total cost would be about $3,000.

    You can imagine my reaction. I was shocked. I had no idea that the car required that much service. Well, I thought, what the heck, at least it's cheaper than buying a new car. Then a salesman at the dealership pointed out to me that the car would drop another $2,000 in value at the turn of the model year, which was coming up in about 60 days. He told me that if I kept the car, and repaired it, I would lose $5,000 off the total value of the car, which I could never recover.

    Suddenly, I went from complacency about my car to dissatisfaction, and then to great dissatisfaction and an intense desire to improve my condition in some way. The salesman then went on to explain that he could take my car as a down payment on a brandnew luxury car, with no cash out of my pocket, and he could spread the payments over three, four, or five years so that the cost to me would be very reasonable. At that, all my resistance vanished. I started out satisfied with my car, then became so dissatisfied with it that I bought a brand-new expensive luxury car — and, surprisingly enough, I drove away happy.

    This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap).

    Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap.

    Identifying the Gap"

    The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs.

    Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?"

    The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not inte

    Ten Ways to Market Your Business by Doing What You Love To Do
    Most business owners get so involved in the work of the business that there never seems to be enough time to do the necessary marketing. Even when business is good the owner must continue marketing because if he/she stops, the business eventually will stop too. Marketing your business simply means to nurture good relationships with your customers and potential customers so that they will buy from you again or they will refer you to others. Think about the kinds of things you enjoy doing and then use those activities in your marketing efforts. It is a great way to leverage your time.1. If you like to do public speaking then let association and club program chairs know that you are available to speak. Invite your customers and potential customers to come to hear you when it is appropriate.2. If you like to write, write a newsletter, book, article etc and distribute it to your prospects and customers.3. If you like to dine at special restaurants, invite a client or strategic partner to join you.4. If you like sporting events (baseball, football, tennis etc.) invite your prospect to watch a ga
    idea, product, or service can do for a person and then deciding how to demonstrate that in a compelling way.

    The very best persuaders, communicators, and salespeople are those who concentrate their attention on identifying the gap that exists between a prospect's current situation and the ideal situation and determine how big it is. They then focus on widening that gap in every possible way, until the prospect begins to feel more and more dissatisfied with his or her current situation and more and more desirous of enjoying the preferable situation that is achievable by the use of the product, service, or idea.

    Let me give you an example. I recently took my car into the dealership for a regular checkup and service. I was quite happy with my car — it was a nice car, it was paid off, and it was running fine … or so I thought. The service manager did an excellent job of analysis and came back to me with the sad fact that the car required not only new tires all around, but also a complete new set of brakes, a wheel alignment, and a lot of other things. The total cost would be about $3,000.

    You can imagine my reaction. I was shocked. I had no idea that the car required that much service. Well, I thought, what the heck, at least it's cheaper than buying a new car. Then a salesman at the dealership pointed out to me that the car would drop another $2,000 in value at the turn of the model year, which was coming up in about 60 days. He told me that if I kept the car, and repaired it, I would lose $5,000 off the total value of the car, which I could never recover.

    Suddenly, I went from complacency about my car to dissatisfaction, and then to great dissatisfaction and an intense desire to improve my condition in some way. The salesman then went on to explain that he could take my car as a down payment on a brandnew luxury car, with no cash out of my pocket, and he could spread the payments over three, four, or five years so that the cost to me would be very reasonable. At that, all my resistance vanished. I started out satisfied with my car, then became so dissatisfied with it that I bought a brand-new expensive luxury car — and, surprisingly enough, I drove away happy.

    This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap).

    Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap.

    Identifying the Gap"

    The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs.

    Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?"

    The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not int

    Finding Weakness in the Competitor Strength
    “The most perfectly designed package in use.”Above statement was made by Raymond Loewy on the six and half ounce bottle of coca-cola folks in Atlanta (coca-cola base) obviously felt that the coke bottle was there greatest strength. They used that in every add and even trade marked it.But every strength has inherent weakness Guerrilla marketer know that.It was mix of Economic situation and shrewd use of Guerilla tactics in early thirties, which help the minnows of cola war raise their head above the water line. In the great depression, cash was scantly available.Pepsi cola’s key marketing approach was the 12- ounce bottle that would sell for same niche that would buy only six and half ounce of coca-cola.It was a brilliant strategy executed in a spectacular way it hit the mark, especially with the young cola, kids went for quantity rather than quality. Pepsi use this old saying and hit the bull’s eye. It was a perfect guerrilla attack. With limited budget coca-cola spent around $15 million in that year while Pepsi went with 12 ounce bottle with a $600,000 ad budget.Now coke was in
    the car required that much service. Well, I thought, what the heck, at least it's cheaper than buying a new car. Then a salesman at the dealership pointed out to me that the car would drop another $2,000 in value at the turn of the model year, which was coming up in about 60 days. He told me that if I kept the car, and repaired it, I would lose $5,000 off the total value of the car, which I could never recover.

    Suddenly, I went from complacency about my car to dissatisfaction, and then to great dissatisfaction and an intense desire to improve my condition in some way. The salesman then went on to explain that he could take my car as a down payment on a brandnew luxury car, with no cash out of my pocket, and he could spread the payments over three, four, or five years so that the cost to me would be very reasonable. At that, all my resistance vanished. I started out satisfied with my car, then became so dissatisfied with it that I bought a brand-new expensive luxury car — and, surprisingly enough, I drove away happy.

    This sales person identified my gap — my car needed a tune-up. He then widened that gap, leaving me discouraged with my present situation. He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap).

    Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap.

    Identifying the Gap"

    The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs.

    Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?"

    The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not int

    Franchise Opportunity
    A Franchise Opportunity can be very rewarding but frustrating at times without the proper guidance. This website is designed to help guide you and give practicle advice about the process of Buying a franchise. There are many things to concider before taking on this endeavor, with the first being, is franchise ownership the business model for you.Many people look to franchise ownership because the business model has "systems" in place. Everthing from advertising, management assistance, purchasing, or tracking the success of your Franchise. This established "system" is able to transfer proven and refined operations. Which includes operating and management controls developed by the franchisor, and uniform operational standards such as quality control. For some this is exactly what they are looking for, a business that allows them to explore their entrepreneurial desires coupled with a blue print of how to accomplish the tasks at hand. But for some they need more freedom to express their creative side of business ownership and would feel shackled by these processes.Because of these "systems" that are offered, B
    . He then offered me a solution to fill that gap and satisfied my discouragement (filled the gap).

    Remember that people buy solutions to their problems, not products or services. In fact, as a salesperson, you need to be more of a problem finder than a vendor. The more you focus on the problem, or the gap that exists between the real and the ideal in the customer's situation, the faster you will find a place where your product or service can plug the gap.

    Identifying the Gap"

    The bigger the problem that the customer or prospect has, the bigger the potential sale. One of the most powerful questions you can ask a person is, "How much is that problem costing you?" Help him or her to identify not only the obvious direct costs, but also the not-so-obvious indirect costs.

    Ask the prospect, "What are the implications? What is the meaning of that problem to you? What other things does it affect in your work or personal life?"

    The most astute salespeople are those who are capable of finding a small gap and then expanding it into a wide gap. They are capable of discovering a small problem or dissatisfaction in the mind of the prospect and then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not int

    Learning to be a Boss
    "Arghh!!"Karen, ground her teeth as she looked down at her desk. Instead of the draft report she had expected when she got back from her meeting, there was a note from Ted. "I've still got some issues on the report," the note said. "I don't want to show it to you until it's ready."Karen pushed back her chair and stood up. She paced back and forth in her cube, gesturing with her hands even though no one was there.The final version of the report was due to her boss, "The Field Marshal," on Monday. She would look terrible if the report was either late or not up to her boss's high standards. Karen figured she was way too new in her position to risk looking bad.She looked up, a little surprised to realize that she had walked the length of the corridor while she was thinking. She always did that when she was upset or excited. Walking just seemed to make her feel better.She was going to need some help and she figured the best shot was one floor up. Karen climbed the stairs and headed toward a cubicle with the light on.Trying to appear casual, she draped herself over the cubicle w
    then, by questioning and commenting, increase it until the prospect develops an intense desire for the solution they are offering.

    If you are selling to companies, you have to use questions to determine what the decision makers in the organization want to accomplish. What is the gap between where they are and where they want to be? How is the decision maker rewarded, and for what? What does the decision maker have to do to earn the respect, esteem, and support of his or her superiors and co-workers?

    One of the deepest subconscious needs of all people is the need for selfesteem, for feeling valuable, important, and worthwhile. If you can ascertain what people need to do to increase their self-esteem and their perceived value in their organization, and then show them that by using your product or service, they can earn the approval and appreciation of the people around them and above them, they will often be very motivated to buy what you are selling.

    When you meet prospects for the first time, you will find that they are usually unaware that a gap exists between where they are and where they could be. They will often say things like, "I'm not interested," or "I can't afford it," or "We're quite happy with our current situation." These are normal and natural responses. No one likes to change. Your job is to describe a state of even greater satisfaction that they could enjoy if they did something different. Virtually all advertising is aimed at showing people how much better off they could be with a product or service that they have not yet acquired.

    Ask Gap Questions

    Gap analysis is based on asking good questions — questions focused on discovering problems that might be troubling the prospect. There is a direct correlation between the use of good questioning techniques and sales success. The more and better questions you ask aimed at finding a problem or uncovering a dissatisfaction, the more interest the prospect will have and the more sales you will make. The person who asks questions has control.

    Good salespeople always plan the wording of their questions, rewriting them and practicing them before they get face-to-face with a prospect. Poor salespeople, on the other hand, make up their questions as they go along.

    Here are some great questions for gap analysis.

    The first question is an application of the "magic wand technique." Imagine that you have a magic wand that you can wave over the prospect's situation and you ask this question: "Mr. [or Ms.] Prospect, if this situation were absolutely perfect in every respect, what would it look like?" Then remain completely silent. When the prospect begins to describe the perfect situation, you'll uncover the gaps you can fill to create his or her ideal future. When you explain how your product or service can bridge those gaps, you will greatly enhance your chances of making a sale.

    A great set of questions begins with the words what if? — "What if you could do this? What difference would that make to your current situation?" Or, "What if we could achieve this particular result for you? What effect would that have on your current operations?"

    Good questions that grab the prospect's attention will start him or her visualizing and imagining an ideal future state, exactly the state that your product or service is meant to achieve.

    Fill the Gap

    Now that you have asked questions aimed at uncovering your prospects' current problems, needs, and dissatisfactions, you need to fill the gap with your solution. Listen carefully to the answers they give you, and ask additional questions to help them expand on their situation. Take a few moments to feed their answers back to them, to show that you were really listening and that you really understand their needs. Then position yourself to influence and persuade your prospects by showing them how your product or service just happens to be the ideal way to solve their problems, satisfy their needs, or achieve their goals.

    When you take this low-pressure approach to getting people to do what you want them to do, they will buy from you with pleasure, and they will recommend you to their friends. They will feel they are being helped to improve their lives rather than being pressured into buying something that they many not want or need.

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