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  • Casual Articles - Networking Your Way to Profits: Part 1 'The Power of The Elevator Speech'

    How to Put the Profit Producing Power of Couponing to Work for You
    Coupons have proven themselves to be highly effective sales tools for every conceivable size and type of business.Because coupons "pull in the business" they have gained remarkable acceptance and popularity among astute marketing managers. A simple explanation for their acceptance by advertisers is their overwhelming acceptance and use by the consuming public. In fact, Advertising Age (the Bible of the advertising industry) reports that 87% of all shoppers use coupons.Another independent marketing research firm, the A.C. Nielson Co., reveals that 95% of all shoppers like coupons. And 60% actively look for coupons.A recent article in the Wall Street Journal entitled, "In a Pinch, Snip.", states th
    . Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague o

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    Networking Your Way to Profit – Part 1

    The ‘Elevator Speech’ – Part 1

    Create your own business network and you create a wealth of opportunity. The opportunity to find business; give business and introduce business people to each other. Concentrate on creating a network of contacts who know you, trust you and, eventually recommend you. The most effective way of doing this is to make sure you know what he /she offers – so you can recommend him/her. Then he wants to ‘return the favour’ by recommending you.

    Before he can suggest you to other business contacts, or even decide if he wants you in his network, he needs to know what you do and why he should recommend you. Your challenge is to get him to decide you are a valuable addition to his network right from the word ‘Go!’ That’s where having a powerful, succinct – perhaps even intriguing – elevator speech works magic for you.

    The idea is very simple, but extremely effective. The intention is to give a powerful or intriguing introduction, when you first meet someone, so people ask for more information – rather than ‘switching off’. The name; ‘Elevator Speech’ originates from the US and refers to the time it would take to ‘ride the elevator’ to the top of a high-rise building – about 30 seconds.

    And that’s about the maximum amount of time you have to keep someone’s attention after they ask “What do you do?” If your answer is boring or long-winded he (or she) starts looking for a way to ‘escape’ from you.

    There are many ‘elevator speech’ structures and theories around. I first came across this particular one at a Jay Abraham’s seminar in London in 1994. It was introduced by one of his co-presenters and the structure made it so easy for a beginner to use.

    The ‘speech’ has 4 specific elements:

    “You know how…”
    “Which means …”
    “Well, what I do is…”
    “Which means …”

    I thought this was such a brilliant way of introducing yourself I enthusiastically ‘spread the word’ amongst my own business colleagues.

    And something suddenly struck me… an awful lot of them just ‘didn’t get it’. Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague of

    Never Make a Concession When You're Negotiating Unless You Ask for Something in Return
    Power Negotiators know that anytime the other side asks you for a concession in the negotiations, you should automatically ask for something in return. Let's look at a couple of ways of using the Trade-Off Gambit:o Let's say that you have sold your house, and the buyers ask you if they could move some of their furniture into the garage three days before closing. Although you wouldn't want to let them move into the house before closing, you see an advantage in letting them use the garage. It will get them emotionally involved and far less likely to create problems for you at closing. So you're almost eager to make the concession, but I want you to remember the rule: However small the concession they're asking y
    ecommending you.

    Before he can suggest you to other business contacts, or even decide if he wants you in his network, he needs to know what you do and why he should recommend you. Your challenge is to get him to decide you are a valuable addition to his network right from the word ‘Go!’ That’s where having a powerful, succinct – perhaps even intriguing – elevator speech works magic for you.

    The idea is very simple, but extremely effective. The intention is to give a powerful or intriguing introduction, when you first meet someone, so people ask for more information – rather than ‘switching off’. The name; ‘Elevator Speech’ originates from the US and refers to the time it would take to ‘ride the elevator’ to the top of a high-rise building – about 30 seconds.

    And that’s about the maximum amount of time you have to keep someone’s attention after they ask “What do you do?” If your answer is boring or long-winded he (or she) starts looking for a way to ‘escape’ from you.

    There are many ‘elevator speech’ structures and theories around. I first came across this particular one at a Jay Abraham’s seminar in London in 1994. It was introduced by one of his co-presenters and the structure made it so easy for a beginner to use.

    The ‘speech’ has 4 specific elements:

    “You know how…”
    “Which means …”
    “Well, what I do is…”
    “Which means …”

    I thought this was such a brilliant way of introducing yourself I enthusiastically ‘spread the word’ amongst my own business colleagues.

    And something suddenly struck me… an awful lot of them just ‘didn’t get it’. Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague o

    Risk Assessment in the Workplace - Part 2
    Step 3. Evaluate the risks and decide whether existing precautions are adequate or more should be done.Consider how likely it is that each hazard could cause harm. This will determine whether or not you need to do more to reduce the risk.Even after all precautions have been taken, some risk usually remains. What you have to decide for each significant hazard is whether this remaining risk is high, medium or low.Firstly, ask yourself whether you have done all the things that the law says you have got to do.As an example, there are legal requirements on prevention of access to dangerous parts of machinery. Then ask yourself whether generally accepted industry standards are in place. But do n
    r more information – rather than ‘switching off’. The name; ‘Elevator Speech’ originates from the US and refers to the time it would take to ‘ride the elevator’ to the top of a high-rise building – about 30 seconds.

    And that’s about the maximum amount of time you have to keep someone’s attention after they ask “What do you do?” If your answer is boring or long-winded he (or she) starts looking for a way to ‘escape’ from you.

    There are many ‘elevator speech’ structures and theories around. I first came across this particular one at a Jay Abraham’s seminar in London in 1994. It was introduced by one of his co-presenters and the structure made it so easy for a beginner to use.

    The ‘speech’ has 4 specific elements:

    “You know how…”
    “Which means …”
    “Well, what I do is…”
    “Which means …”

    I thought this was such a brilliant way of introducing yourself I enthusiastically ‘spread the word’ amongst my own business colleagues.

    And something suddenly struck me… an awful lot of them just ‘didn’t get it’. Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague o

    Culinary Arts Career
    The field of culinary arts is a rapidly growing industry. More and more people are entering the field, holding certain degrees and titles that determine which part of the industry they belong to. And with the ever growing demands for the culinary professionals in today’s tough and competitive job market, more and more culinary arts careers were designed and introduced to the public for people wanting to make a difference in the culinary industry to consider.The culinary arts career comes in a number of forms. They come in all shapes and sizes and all of them can be considered as an area for continuing education and meeting challenges. For many, it is these challenges actually which make the culinary arts
    seminar in London in 1994. It was introduced by one of his co-presenters and the structure made it so easy for a beginner to use.

    The ‘speech’ has 4 specific elements:

    “You know how…”
    “Which means …”
    “Well, what I do is…”
    “Which means …”

    I thought this was such a brilliant way of introducing yourself I enthusiastically ‘spread the word’ amongst my own business colleagues.

    And something suddenly struck me… an awful lot of them just ‘didn’t get it’. Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague o

    Franchise Consulting and Academia
    One of the most aggravating things that a franchising consultant has to go through is to field calls from students who are writing research papers on Franchising for their schools. Apparently the instructors assign these projects and the business students go out and make contacts in the real world.One tactic I have found to get rid of these bogus contacts is to simply say that I am too busy and let them know that I know that they are merely writing a paper and are trying to get free information. Here is a typical response that you might try in fact:Unfortunately, I am extremely busy right now and cannot take on additional consulting presently. I wish you all the success in writing up your re
    . Oh, they got the idea alright, and they seemed to understand the principle. But when they tried to put it into practice for themselves they either went on for too long (in some cases the elevator could have gone up and down a dozen times before they finished!) or they missed the point of highlighting a serious problem and demonstrating a solution with a real benefit or an intriguing notion.

    Let me tell you about one example...

    I’d agreed to give a presentation on business networking with a good friend and business colleague of mine, who organises corporate events and exhibitions and offers training on how to get the most out of attending an exhibition. Our presentation was at a business breakfast meeting – we have quite a few of these in the UK. Now, Chris is absolutely brilliant at networking, but he hadn’t come across the Elevator Speech before. We decided it would be a good tool to share with the delegates and Chris agreed to write his own Elevator Speech as a demonstration.

    This is what he came up with…

    You know how some business people attend exhibitions but don’t know how to work their stands”
    Which means they don’t get the business contacts they need”
    Well, what I do is train them how to work the stand properly”
    Which means they get new business from the exhibition”

    Although this was OK; it does actually describe what Chris does for the exhibiting company, it really didn’t hit any ‘hot buttons’ for anyone listening.

    You see, the first statement “You know how...” must reveal a hot problem – whether real or perceived. Chris’ first attempt just didn’t state a problem people could identify with.

    So what is the real problem businesses see in exhibiting? Well, for smaller businesses there is a barrier to taking part in exhibitions (at least there is here in the UK, maybe elsewhere as well). Entrepreneurs and business owners find it difficult to justify spending the money and time on an exhibition. And it is purely because they don’t have a clue of how to get the most out of it. Chris does – he and his associates have over 50 years of experience between them. So the ‘real’ problem here is not ‘how to work the stand’ it’s ‘how to justify taking an exhibition stand’.

    After talking it through, this is what we came up with:

    You know how some businesses regard exhibitions as a complete waste of time and effort because they never seem to get any extra business, Which means they don’t exhibit and lose out on the opportunity to make a high number of business contacts in a comparatively short time, don’t you?”

    Well, what I do is train b

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