Skip to main content

The Phone As A Powerful Sales Tool

At some point in the sales and marketing process of most organizations, they will use the phone to reach the right person, close a sale, follow-up with a customer or to handle a customer inquiry. Thus the phone is necessary and integral to most organizations’ success.

This is primarily because there is nothing entirely as personal and as fast as a phone call, which is why potential customers still prefer to call, despite having other options such as social media or chats.

Also, many people have phones. There are almost as many phone subscriptions as there are people on the planet. In Nigeria alone, the total active telephone subscriptions were 182.70 million at the end of November, 2019. This ubiquity of phones means that many prospects are accessible through calls. (more…)

Reviewing Your Organization’s Value Equation

What are your products and services actually worth to customers? Not many organizations are able to answer this question, but it’s very important.

In fact, right now, with so many things changing in the way we live, the ability to understand the value of our product or service from the customer’s perspective has never been more important. And that’s where the value equation helps.

Value means the benefit the customer gets from our product or service compared to its cost to them. Put differently, it means benefit to cost ratio. (more…)

Why Customers Leave | Astonishing Statistics

Businesses spend a lot of time and money figuring out how to attract new customers to their product or service. But less thought is given to customers who stop buying and simply leave.

Customers leave for various reasons. And it’s not always easy to pick out the exact reason why they leave. When you ask, they may give a variety of excuses but those may not be the real reasons.

Statistics, depicted in Figure 1 and Figure 2, tell us the major reasons why customers leave. (more…)

5 E-learning Myths That May Deny Your Company Huge Benefits

When e-learning was first proposed as a viable alternative to classroom-based learning, many organizations were skeptical.  And, at the time, their suspicions were well-founded. Unfortunately, while the quality of e-learning has improved greatly over the years, many of these early misconceptions have yet to fade way.

Here are some of the top myths many organizations have about e-learning, and why they’re either not true, or not the complete story. (more…)

The Inadequacy of Hard Skills

To do their work, employees typically need hard skills. For example, Customer Service Officers need to know how to solve customers’ problems, Computer Programmers need to be able to write functional codes, and Accountants need to be able keep and inspect financial records.

However, beyond the hard skills, which customer service officer do you go to? The one who is pleasant and takes time to answer your questions; or the one who treats you like a number in a long line of customers?

Which programmer do you retain when the economy is down? The one whose attitude is positive and upbeat, and who is always willing to help; or the one who is inflexible and has a hard time admitting mistakes? (more…)

When A Supervisor Is Not Assertive

When a supervisor is not assertive, then in real terms, they are either aggressive or passive.

Aggressive supervisors use their positions of power and authority to belittle, intimidate, and control those who report to them.

As a result, their team members begin to resent them. Then their productivity begins to fall, and if the dictatorial behaviour of the supervisor continues, it will not be long before the organization begins experiencing a high employee turnover. (more…)

Importance of Strategic Planning

Dwight Eisenhower was the one who said, “What is important is seldom urgent and what is urgent is seldom important.”

Strategic planning is a good example – it’s not urgent but it’s important. Very important.

Many of the day-to-day operational struggles we face in our organizations had their seeds sown in the past, when we failed to plan.

Of course, no one can predict the future, everyday has its own operational struggles but the fact remains that many severe operational struggles have, as their origin, a failure from months or years earlier – a failure in strategic planning. In other words, the absence of strategic planning or poor strategic plans, usually lead to operating nightmares. (more…)

4 Strategies for Marketing in a Challenging Economy

In a challenging economy, consumers become value oriented, set stricter priorities, and reduce their spending. Although it’s wise to contain costs, this is not the time for your organization to stop spending on marketing. Rather it’s the time to put customer needs under the microscope to understand how they have changed, and nimbly adjust your strategies, tactics, and product offerings to the new reality.

Organizations may forget that, in prosperous times, rising sales are not caused by clever advertising and appealing products and services alone. Purchases depend on consumers’ having disposable income, feeling confident about their future, and trusting in business and the economy. In a challenging economy, these things have changed for the consumer. (more…)

When Teams Work in Silos

At some level, every manager understands that to deliver great performance they have to unlock the potential in teams. And to do this, they need to turn a collection of individuals into a high-performing group, the members of which support one another.

In other words, managers must be team builders nurturing teams where members share resources, ideas and common goals and also develop a shared identity, often built on a combination of their skill sets and their perceived status in the organization.

Aided by their managers, they can identify a common enemy, usually an external competitor. The team unites to defeat the ‘enemy’. (more…)