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Week 8: We call them to explain we are shortly going on holiday, and would like to make plans. They explain that in their absence, someone else has started talking to another company, and there is a meeting with them next week.
Week 10: We are back from holiday, and we call them to ask how the meeting went. They explain they are now waiting on some input from the other supplier, and they ask us to clarify one or two details from our proposal document. Decision promised week after next.
Week 13: Still no news, so we call back to see what progress has been made. They explain that they are doing a small bit of preparation work with the other supplier, but that we are still “very much in the frame.”
And so, it goes on. Obviously every story is | |
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| | different, and there would be many airs and variations on this one.
Whatever the variations, there are four key missed opportunities in the above sequence, all of which had already occurred by the end of the third week.
Before reading further, can you spot what they are? Please resist the temptation to keep reading … you will get more value out of this article if you can go back and find the four key missed opportunities.
(Hint: check against the “three shifts” described at the beginning of this article.)
Whether things go well, or go badly, we often find that this goes right back to how things started in the first place. This is no exception:
1. Of course it makes sense to pre-qualify enquiries. Nevertheless the first missed | |
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| | opportunity happened right at the beginning of the first call: the crucial question is what prompted them to get in touch (now)? In other words, what’s happening now in their world that means they want to make a change? This is where all the value lies … not in the content of the work.
2. The second missed opportunity flows from the first one above: the supplier could just as easily have met several decision-influencers in his Week 2 visit. Apart from a bit of scheduling, all this would have taken is a brief explanation (at the outset) as to why this was important. Even if this would have taken another week or two to schedule, it would have been more valuable that the 10 weeks of chasing that followed his proposal.
3. In the meeting with the client, the supplier started discussing possible solutions. This is the third missed | |
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| | opportunity. We all love our problem-solving, but we should not be doing “solutions” at this stage … until budget has been discussed. Once a client can see a solution, our value starts to diminish – even before we quote a fee. Value-centred dialogue follows a strict sequence: Value > Budget > Fee > Agreement.
4. By sending in a proposal, we have cut ourselves off from further dialogue. There is now no reason for a call, other than “Well, have you decided?”. This is the fourth missed opportunity and together with the first three, it is now peripheral how we handle things from here on.
This approach (known as value-centred dialogue) has more steps than the conventional approach but over a shorter period of time. Along with that, it is more effective because the steps are smaller, more influencers are | |
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| | involved, the budget is seen in the context of value, and we are building common ground. The supplier is respected for taking the time to explore context rather than diving in with offers and pushing for a swift decision.
A value-centred strategy anticipates barriers to decision-making, and either goes around them or dissolves them before encountering them and then having to deal with them.
There is a whole mindset-change needed for the new order in which we live. This is more than a strategy-change; it involves a totally different approach to how we value ourselves and our services.
Related link: John Niland will be leading a workshop in London on Oct 6th -- New Ways to Engage. For more details, email john@success121.com. | |
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