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By
Brian Muys, Vice President, Strategic Communications Group, Inc.
(Published October 25, 2004)
Technology
companies face product and solution development challenges every
day. But the challenges don’t stop at the development stage.
Most technology companies assume that once an offering is brought
to market, the hard part is over. Nothing could be farther from
the truth. The fact is, no matter how good your product or service,
it won’t sell itself.
As
a result, your biggest challenge as a technology solutions provider,
aside from R&D, is positioning your offering to target audiences
in a compelling and concise manner. As simple as it may seem, there
are numerous sales pitfalls that can trap companies into making
misguided marketing assumptions.
1.
Techno-speak
Don’t
assume everyone speaks your language. At a time when technology
service pitches bombard prospective customers from every direction,
you can’t risk becoming lost in the clutter. Make a point
to simplify your messaging so it is easily understood. Customers
don’t want buzz words; they want to be able to distinguish
what they need from the latest come-on.
2. Failure
to Validate
If
you can’t explain what your solution does and its associated
benefits in a few sentences, you should re-think your messaging
– or people won’t buy it. Sure, your solution is the
best thing since sliced bread, but if others can’t see that
right off the bat, forget the sale. Remember that you are not the
only one trying to sell them a technology solution; you need to
demonstrate quickly and concisely how your solution will ease their
pains of doing business.
3.
Who is My Audience?
Your
biggest mistake is to assume that everyone wants or needs your solution.
No matter how good your solution, it’s not for everyone. To
rise above the noise, deliver messages to the market that will resonate
with your target audiences. That means clearly relating your solution
to a specific benefit recognized and sought by both current and
prospective clients.
4.
Failure to Differentiate
Again,
the common theme here is standing out from the crowd. But many companies
continue to associate themselves with their competition. This is
effective for validating your business model, but not so good when
you want to position your offering against others. Clearly demonstrate
– if not quantify - how and why your solution is different
(i.e., technology, cost savings, usability, etc.).
5.
Going It Alone
Stick
to what you know. If your strengths are R&D, seek outside communications
expertise to assist you in going to market. The majority of products
and solutions don’t fail because they don’t do what
they claim; they fail due to poor messaging. You surround yourself
with seasoned IT professionals during the R&D phase; don’t
cut corners when it comes time to take your solution to the customer.
6.
Failure to Define ROI
Money
talks. Don’t get caught up in your product’s features
and benefits without also clearly explaining its return on investment
potential. Your solution may cost more than your competitor’s
out of the box, but if it can save customers money over the long-term,
make that known. You can’t always expect prospects to put
two and two together – spell out everything.
Don’t let these pitfalls needlessly derail
your promotion efforts. Identify these issues up-front to ensure
a sales path of least resistance to new prospects. But don’t
forget about your existing clients in the process. Make a point
to also regularly communicate with these customers to ensure they
are educated on all your services, so you can generate new sales
even as you build your prospect list.
Brian Muys is vice president of Strategic
Communications Group, Inc., a nationally recognized,
award-winning public relations firm
that provides integrated communications and business development
services to help its clients increase sales, profitability, and
corporate and product valuation. Contact Brian at bmuys@gotostrategic.com
or at 301-408-4500.
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