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Newsletter October 2005      
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  Why Did it Take Us 12 Months to Find Out That We're Not Getting the Business?  
  Success Story: A $120M Company  
  Tips & Tactics: Understand the "Value" of Your Offering to Your Customer  
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Success Story

CustomerCentric Selling®

Though wanting to remain anonymous, this $120 million, privately-held temporary staffing company had a simple goal: Improve margins while maintaining revenue growth. With help from CustomerCentric Selling® affiliate BizLogx, the company realized a 10 percent improvement in profit margins.

Man with computers

With an impressive history growing top line revenue, the company devoted substantial time to generating proposals. In a market with buyers fixated on price and possessing a commodity view of temporary staffing services, the company prided itself on providing a full range of services. Proposals promised high end service with pricing only sporadically linked to the service level and/or the unique costs of service delivery. As a result, revenue growth often did not result in margin growth.

The company needed the sales organization to:

  • Generate a higher volume of prospects
  • Efficiently screen the prospects to identify buyers, not shoppers
  • Engage in diagnostic questions to specifically match the prospect's needs to the company's capabilities
  • Price engagements in accordance with the specific services the prospect identified as solutions to current needs
  • Close only those prospects that represented opportunities to generate targeted margins

To have the luxury to say "no" to lower margin opportunities, the company had to generate a greater volume of qualified opportunities.

By arming the telesales organization with a set of diagnostic questions and qualification criteria, BizLogx helped the company increase the number of appointments with qualified prospects. Sales reps then used diagnostic questions to uncover hidden costs, identify customer value, reduce the customer's focus on price and accelerate sales.

Armed with these new skills and tools, the company increased gross margins on new business by more than 50 percent while maintaining revenue growth.

Published by Bizlogx, LLC.
Copyright © 2005