Uncovering New Business within Existing Accounts

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Your existing clients represent some of your best new business opportunities, especially in a difficult marketplace. Existing customers are a prime target to accomplish several hot topic goals: sell more products and services, reduce the cost of sales, and enhance customer engagement and loyalty. Protecting and growing your current account base is a sales leadership priority. But how do you make that happen in a systematic and structured way? PeopleMetrics and Miller Heiman have identified four priorities to help businesses do this:

  (1) Build strong relationships with all of your contacts - not just the main decision-maker
  (2) Find out what they want and deliver it
  (3) If you fail to deliver, recover quickly and effectively
  (4) Minimize fear by identifying needs before making the sale

 
 

First, Build Multiple Strong Relationships

One of the first steps to effective cross-selling and up-selling is to identify and engage all the people in the buying chain at your client organization. As the chart below shows, decision makers


Engaged Clients:
- continue to do business with you
- go out of their way to do business with you
- spread the good word
- are passionate about doing business with you
 



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