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    Emerging Trends: Handicrafts Industry
    Electronic commerce (e-commerce) is increasingly discussed and written about in today’s knowledge-based economies. Although there are currently no internationally agreed-upon definitions of e-commerce, the OECD (Organization for Economic Co-operation and Development) defines e-commerce transactions as: the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organisations, conducted over computer-mediated networks. The goods and services are ordered over those networks, but the payment and the ultimate delivery of the good or service may be conducted on or off-line. The concept of e-commerce extends into communications, promotion, customer service, statistics, and usage patterns. However, often overlooked when examining e-commerce acceptance or failure is the social and cultural
    s phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Obli

    What if More Small Businesses Were Good Networkers?
    What if everyone understood the value of networking? What if all small businesses could network in their communities? What if small business people were careful to get involved, join clubs and become active members in their chamber of commerce? What if all small businesses understood that often it is easier to network than to throw money at a problem? What if small business people realized that sponsoring a Little League Team in their towns made good sense for their businesses and expanded their customer base? What if small business failure rates were much lower that 5:1 and that most Small Business Loans were paid off and not in default? What if we took all the small business people and helped them understand the value of networking? What if no one had to lose their nest egg simply for chasing their American Dream of owning their own small business? What if
    We've all heard it before.

    It’s a numbers game! You just have to keep at it! You should be making at least 50 calls a day and scheduling 10 appointments a week! Gotta keep filling that funnel-Ugh!

    The problem with this type of sales strategy is that it assumes that if you make enough calls, talk to enough people and go to enough networking events that everything will magically fall into place and your numbers will go through the roof. The sales funnel actually supports a mindset that is quickly becoming obsolete with the best sales professionals.

    Think about it. If only it was as easy as “filling a funnel” and having sales fall through the other end. I can make 200 calls a day, but who are they to and what am I doing? Just pounding phone lines and telling the company story isn’t selling. Or better yet, when I get the check (the bottom of the funnel) what about implementation or customer service?

    Now don’t me wrong, having a good prospecting plan is probably the hardest thing about maintaining your sales career. In today’s business climate, with shrinking budgets and more scrutiny over purchases, what you need is a system that relies less on the law of averages and more on helping the customer make the most of every contact you have with them. The key is to have a complete understanding the entire customer experience and “synchronize” to that buyer throughout—they’re the boss when it comes to the “sales funnel” not you.

    To truly understand the customer’s buying cycle and where they are along that cycle will result in a sales process that builds trust and respect, and allows you to become a trusted advisor—that’s the magic recipe for success.

    As an example, put yourself in your buyer’s shoes. Or better yet, think about the last time YOU bought something. Remember the earliest stages of need definition? Remember how you progressed throughout the search and selection process? Did that experience end after you wrote the check? I’m sure it continued on into full integration of the product or service into your daily life. What I have done is break down buying behavior into 9 distinct phases outlined below starting from the beginning to the end and this allows you (as a great salesperson) to synchronize with their processes.

    1. Plan – The buying organization outlines a plan for its business, such as its strategic plan, realignment of the organization, the acquisition of new capabilities, or define a new vision.

    2. Recognize – The buying organization realizes they have a need (based on what happened in phase 1) and seeks to satisfy that need. They begin to take action towards buying (as opposed to making their own solution or product). They act accordingly by setting forth goals, objectives, targets, and budgets. They may appoint a team of people to evaluate potential vendors in this phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Oblig

    Indian Sleepwear Market
    There is a huge untouched potential in non-metrosProducers of women's pajama sets are increasing R&D capability to raise the range and functions of designs. Companies are also making efforts to enhance product quality and decrease operating costs through vertical integration. With the elimination of export taxes and import limitations on China-made sleepwear to the EU and the US, suppliers from China and India find themselves in a strong competition for market share. In the Indian market, the sleepwear and lingerie market is emerging quickly as a fashion segment, and has, over the last decade, observed the existence of organised players such as Juliet, Sleep-ins, etcWhat was Kashmira Nightwear Company started with a single standalone store in Pune many years ago is today the Sleep-ins brand of complete nighrwear solutions possessing a chain of
    ey to and what am I doing? Just pounding phone lines and telling the company story isn’t selling. Or better yet, when I get the check (the bottom of the funnel) what about implementation or customer service?

    Now don’t me wrong, having a good prospecting plan is probably the hardest thing about maintaining your sales career. In today’s business climate, with shrinking budgets and more scrutiny over purchases, what you need is a system that relies less on the law of averages and more on helping the customer make the most of every contact you have with them. The key is to have a complete understanding the entire customer experience and “synchronize” to that buyer throughout—they’re the boss when it comes to the “sales funnel” not you.

    To truly understand the customer’s buying cycle and where they are along that cycle will result in a sales process that builds trust and respect, and allows you to become a trusted advisor—that’s the magic recipe for success.

    As an example, put yourself in your buyer’s shoes. Or better yet, think about the last time YOU bought something. Remember the earliest stages of need definition? Remember how you progressed throughout the search and selection process? Did that experience end after you wrote the check? I’m sure it continued on into full integration of the product or service into your daily life. What I have done is break down buying behavior into 9 distinct phases outlined below starting from the beginning to the end and this allows you (as a great salesperson) to synchronize with their processes.

    1. Plan – The buying organization outlines a plan for its business, such as its strategic plan, realignment of the organization, the acquisition of new capabilities, or define a new vision.

    2. Recognize – The buying organization realizes they have a need (based on what happened in phase 1) and seeks to satisfy that need. They begin to take action towards buying (as opposed to making their own solution or product). They act accordingly by setting forth goals, objectives, targets, and budgets. They may appoint a team of people to evaluate potential vendors in this phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Obli

    How To Start A Business When You Don't Have Money
    In the Fall of 1987, I found myself dead broke, in-debt and unemployed. At that point in my life I had been through a series of menial jobs and had never been to college. Not knowing what else to do, I began going door-to-door, a borrowed ladder strapped to the roof of my car, offering to clean the leaves from people’s gutters. Little did I know, I had stumbled into an experience that would change my life forever.I had always dreamt of owning my own business, yet like most people, I thought I’d need lots of money, a patented new technology or an Ivy League MBA, things I certainly didn’t have. To me, it seemed, owning a successful business was a distant dream, a privilege set aside for a fortunate few.Again, not knowing what else to do, I began to forge ahead.Soon customers began to ask me to take on other small repairs and, by doing what
    the “sales funnel” not you.

    To truly understand the customer’s buying cycle and where they are along that cycle will result in a sales process that builds trust and respect, and allows you to become a trusted advisor—that’s the magic recipe for success.

    As an example, put yourself in your buyer’s shoes. Or better yet, think about the last time YOU bought something. Remember the earliest stages of need definition? Remember how you progressed throughout the search and selection process? Did that experience end after you wrote the check? I’m sure it continued on into full integration of the product or service into your daily life. What I have done is break down buying behavior into 9 distinct phases outlined below starting from the beginning to the end and this allows you (as a great salesperson) to synchronize with their processes.

    1. Plan – The buying organization outlines a plan for its business, such as its strategic plan, realignment of the organization, the acquisition of new capabilities, or define a new vision.

    2. Recognize – The buying organization realizes they have a need (based on what happened in phase 1) and seeks to satisfy that need. They begin to take action towards buying (as opposed to making their own solution or product). They act accordingly by setting forth goals, objectives, targets, and budgets. They may appoint a team of people to evaluate potential vendors in this phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Obli

    I'm A Second-Story Man
    Can you say who you are and what you do in two sentences or less?If someone should ask (in an elevator, get it?) what do you do? You should be able to recite the answer as fast as Robin Williams comes up with a quick one liner.Robin Williams can do it because he has rehearsed every line. He is just waiting for the opportunity to bring up another fully rehearsed blurb. There is no "ad-lib" from Robin, he has carefully worked out every retort to be very funny.Your elevator speech should be delivered completely rehearsed, no thinking to it, when you get the question: "What do you do?"..We're not talking labels here, or vague references."I'm in Hardware" "I'm a Plumber" "I sell life insurance and used cars". "I'm a consultant " "My company sells printing presses" Or the worst of all "I'm in sa
    ses outlined below starting from the beginning to the end and this allows you (as a great salesperson) to synchronize with their processes.

    1. Plan – The buying organization outlines a plan for its business, such as its strategic plan, realignment of the organization, the acquisition of new capabilities, or define a new vision.

    2. Recognize – The buying organization realizes they have a need (based on what happened in phase 1) and seeks to satisfy that need. They begin to take action towards buying (as opposed to making their own solution or product). They act accordingly by setting forth goals, objectives, targets, and budgets. They may appoint a team of people to evaluate potential vendors in this phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Obli

    It's Probably Time for Your Marketing to Go OFFLINE! How to Get Started With Direct Mail
    I admit that for some time I was resistant to doing any marketing via old fashioned snail mail. After all, email is FREE (at least for the time being). Why pay to print and mail anything at all? I mean, I'm the Ezine Queen - not the direct mail queen! And I was already making hundreds of thousands of dollars a year using the Internet.Well, I can tell you I've changed my tune based on several mailings I've done over the past year. A test of sending out few simple postcards and one sales letter mailing helped me exponentially increase my response to two of my programs over the last several months. I'm now SOLD!If you aren't collecting any physical addresses right now from your clients, customers, and ezine subscribers, please get started now. Because not only will offline marketing supplement your online efforts immensely, but em
    s phase.

    3. Search – The buying organization engages in activities to find a vendor, partner, or supplier. They begin reviewing capabilities of selling organization(s) to see which competitor can meet their needs and with whom they would like to have a relationship.

    4. Assess – The buying organization requests proposals, conducts more in-depth meetings, requests more detailed information, has more “serious” dialogue, conducts an analysis of risk.

    5. Choose – The buying organization has narrowed the choices down to one organization, begins “testing water” to gauge the organization’s ability to fulfill. Has decided that benefits outweigh risks, begins talking about implementation.

    6. Obligate – The buying organization writes the check or signs the proposal. Key decision-makers have their reputation on the line, the budget is set aside, and the entire affected organization has begun moving in a new direction.

    7. Implement – The buying organization is now a “customer or client” and begins implementing the selected solution. They re-align organizational resources as necessary. They put long-term plans together.

    8. Track – The customer formally or informally begins documenting the selling organization’s ability to fulfill the solution.

    9. Integrate – Once the purchase is complete and the product/service is implemented, the final step of the buying organization’s buying cycle is obtaining maximum use of the product/service in the buying organization. This is sometime referred to as return-on-investment (ROI) in pre- and post- sales processes, and return-on-assets (ROA) once the purchase is capitalized. The product or service must be fully integrated, leveraged, and justified. From a relationship perspective, the buying and selling organization begin to work with a more trust-based bond. The buying organization begins to include the selling organization in appropriate strategic discussions.

    For every buying phase, there is a equal and opposite selling phase. Sounds simple and it is! Ask yourself what you (or your company does) to “line up the phases.” Undoubtedly it will fall into marketing, sales, and customer service. This helps you to sell the right way at the right time, in support of the buyer’s decision making process. When I realized that it wasn’t my job to push my sales funnel onto my prospects (and hope they fall out the bottom) I was able to make more sales by applying the close at the appropriate time (phase 6). It even helped me identify when my future customer was months away from a decision (because they were bogged down in phase 3).

    Aside from a better understanding of my customers buying methods, the greatest advantage I’ve noticed since implementing this system is the reduction of the adversarial mindset towards sales people. As soon as my clients recognize that my process is designed to assist them in making the best decision for their business, even if that means helping them decide on a competitor’s product, I have created a new relationship that will eventually lead to more business for me. I can even pull this out and ask them what phase they’re in, and offer help to move them through each one.

    Here are a few things you can do to implement a similar approach.

    1. Give up the idea that all you need to do is make more calls. Keep making calls but create a system to support the madness and find out what “phase” your prospects are in. Focus on advancing them through each phase, or letting them sit while you focus on others.

    2. Use or develop a sys

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